Regular Savings Accounts: The Best Currently Available List!

FishInGlass

Currently funding £2025 of a potential £3350 a month over 13 regular savers. I would be fund more of them but I am also trying to maintain the 4k in my Santander Edge Saver. I'll give the West Brom a miss though at the moment as it's below my funding threshold.

allegro120

FishInGlass said:

Currently funding £2025 of a potential £3350 a month over 13 regular savers. I would be fund more of them but I am also trying to maintain the 4k in my Santander Edge Saver. I'll give the West Brom a miss though at the moment as it's below my funding threshold.

You can fund West Brom with £10 and don't have to make any further deposits.  If I was pushed to such a limit I would fund one on the other 6%ers £10 less in order to get this Brom account up and running. Most of your RSs probably have variable rates, West Brom is fixed.  We don't know what is going to happen with rates next year, but there is a good chance that some of these variables will be reducing their rates and West Brom might become something that you would've liked to have.  Also it is good to bare in mind that these account tend to be taken off the shelf fairly quickly.

Kim_13

allegro120 said:

FishInGlass said:

Currently funding £2025 of a potential £3350 a month over 13 regular savers. I would be fund more of them but I am also trying to maintain the 4k in my Santander Edge Saver. I'll give the West Brom a miss though at the moment as it's below my funding threshold.

You can fund West Brom with £10 and don't have to make any further deposits.  If I was pushed to such a limit I would fund one on the other 6%ers £10 less in order to get this Brom account up and running. Most of your RSs probably have variable rates, West Brom is fixed.  We don't know what is going to happen with rates next year, but there is a good chance that some of these variables will be reducing their rates and West Brom might become something that you would've liked to have.  Also it is good to bare in mind that these account tend to be taken off the shelf fairly quickly.

Issue 7 is on their website at a minimum of £10 per month.

Were I in their catchment area I would go for it, but given the monthly funding requirement and the faff of applying for another account first, I’ll pass.

Bridlington1

Coventry Regular Saver Issue 6 now pays 5% and replaces Issue 5 at 5.5%. Other than the rate difference the terms appear to be identical to Issue 5.

EDIT: There is a difference in the terms. Issue 6 allows internal transfers into the account but the issue 5 does not. Many thanks @RobinhoodSavings for pointing this out.

gt94sss2

Bridlington1 said:

Coventry Regular Saver Issue 6 now pays 5% and replaces Issue 5 at 5.5%. Other than the rate difference the terms appear to be identical to Issue 5.

If anyone wants to apply for Issue 5 at the higher 5.5% rate and is quick off the mark -  the old issue is still showing as an option when you login to their internet banking and apply for a new account.

RobinhoodSavings

Bridlington1 said:

Coventry Regular Saver Issue 6 now pays 5% and replaces Issue 5 at 5.5%. Other than the rate difference the terms appear to be identical to Issue 5.

The issue 6 allows internal transfers but the issue 5 does not. 

flaneurs_lobster

RobinhoodSavings said:

Bridlington1 said:

Coventry Regular Saver Issue 6 now pays 5% and replaces Issue 5 at 5.5%. Other than the rate difference the terms appear to be identical to Issue 5.

The issue 6 allows internal transfers but the issue 5 does not. 

Impressive research in the depths of the T&Cs there!

Bridlington1

RobinhoodSavings said:

Bridlington1 said:

Coventry Regular Saver Issue 6 now pays 5% and replaces Issue 5 at 5.5%. Other than the rate difference the terms appear to be identical to Issue 5.

The issue 6 allows internal transfers but the issue 5 does not. 

Well spotted, I now stand corrected. I've added this information to my original post.

subjecttocontract

AmityNeon said:

subjecttocontract said:

trickydicky14 said:

I’ve just applied as a new customer but living within catchment area, I too have to wait up to 3 days for account to be up and running provided my docs are ok.

I just uploaded photo of my driving licence and a pic of my signature on a sheet of blank paper, hope that will do.

Instantly received email confirming my application. All being well, should be funder in time.

Doesn't your driving licence have your signature on it ?

It's probably safer to upload a separate signature rather than upload the driving licence twice.

It worked ok for me, they opened the account. I like to push the boundaries.

soulsaver

subjecttocontract said:

AmityNeon said:

subjecttocontract said:

trickydicky14 said:

I’ve just applied as a new customer but living within catchment area, I too have to wait up to 3 days for account to be up and running provided my docs are ok.

I just uploaded photo of my driving licence and a pic of my signature on a sheet of blank paper, hope that will do.

Instantly received email confirming my application. All being well, should be funder in time.

Doesn't your driving licence have your signature on it ?

It's probably safer to upload a separate signature rather than upload the driving licence twice.

It worked ok for me, they opened the account. I like to push the boundaries.

Two pics of my passport also worked.