Regular Savings Accounts: The Best Currently Available List!

FishInGlass

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.

Thanks for the advice. I've now decided to go ahead. I've opened their WebSave 60 day notice account which currently pays 5.25% anyway. I'll wait for my User ID and £10 deposit to be confirmed before trying to open the regular saver hopefully next week.

happybagger

Hanley BS RS - To open online, it says if you already using their online banking system to log in and apply from there. Has anyone done this?
I can't see anywhere to open a new account from any screen when logged in.
Have I missed it, or do they mean send a secure message requesting it?

subjecttocontract

FishInGlass said:

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.

Thanks for the advice. I've now decided to go ahead. I've opened their WebSave 60 day notice account which currently pays 5.25% anyway. I'll wait for my User ID and £10 deposit to be confirmed before trying to open the regular saver hopefully next week.

Why wait ? 
I applied for their Saver Account (2.8%). Received confirmation it had been opened, paid in £10 and immediately applied for the reg saver. These accounts get pulled very quickly, wouldn't recommend waiting !

Bridlington1

happybagger said:

Hanley BS RS - To open online, it says if you already using their online banking system to log in and apply from there. Has anyone done this?
I can't see anywhere to open a new account from any screen when logged in.
Have I missed it, or do they mean send a secure message requesting it?

If logged into online banking it should be in the top RHS of your screen:

Click "Savings":

then click "Online Regular Saver" and follow the instructions from there.

guli

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.

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.

Can one hold the Loyalty Regular Saver and apply for Issue 5 / 6?

THanks!

gt94sss2

guli 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.

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.

Can one hold the Loyalty Regular Saver and apply for Issue 5 / 6?

Yes, you can

janusd

happybagger said:

Hanley BS RS - To open online, it says if you already using their online banking system to log in and apply from there. Has anyone done this?
I can't see anywhere to open a new account from any screen when logged in.
Have I missed it, or do they mean send a secure message requesting it?

also worth noting what it says on their site about opening now...

Please note Online accounts which are opened on or after 21st December 2023 will be processed from the 2nd January 2024.

chris_the_bee

FishInGlass said:

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.

Thanks for the advice. I've now decided to go ahead. I've opened their WebSave 60 day notice account which currently pays 5.25% anyway. I'll wait for my User ID and £10 deposit to be confirmed before trying to open the regular saver hopefully next week.

WebSave accounts don't qualify you as an existing customer as they are run by a different department to the West Bromwich accounts. You can open West Brom Saver online @ 2.8% with minimum opening & operating balance of £1.00. (it is the only one that can be opened online).This all comes from phone call with CS as my application using WebSave account bounced. CS also said that the West Brom Saver needs to be open and funded to qualify.

easysaver

I've recently opened and funded the Gatehouse regular saver and it's the only one which requires funding from my nominated account. I'm losing track with so many regular savers and wondered if there are any other institutions that require deposits from your nominated account? I assume Aldermore and if they had one, Ford Money, would be like Gatehouse as per their savings accounts and the seem to use the same system as Gatehouse.

Bank of Scotland/Halifax/Lloyds
First Direct
Nationwide
NatWest/RBS
Coventry
Hinckley & Rugby
Leeds
Monmouthshire
Penrith
Principality
Saffron
Skipton
Yorkshire Building Society

AmityNeon

chris_the_bee said:

FishInGlass said:

I've opened their WebSave 60 day notice account which currently pays 5.25% anyway. I'll wait for my User ID and £10 deposit to be confirmed before trying to open the regular saver hopefully next week.

WebSave accounts don't qualify you as an existing customer as they are run by a different department to the West Bromwich accounts. You can open West Brom Saver online @ 2.8% with minimum opening & operating balance of £1.00. (it is the only one that can be opened online) Operated by phone/post & cannot view online, but for £1 it doesn't matter much. This all comes from phone call with CS as my application using WebSave account bounced. CS also said that the West Brom Saver needs to be open and funded to qualify.

This a classic case of conflicting information from customer service:

t1redmonkey said:

Also some info that may be useful to some on the 6% West Brom account who are like me and only had a Websave account. I phoned them this morning and asked some questions so this info is what they told me:

- Customers with Websave accounts are classed as existing West Brom BS customers for the purposes of opening the 6% RS
- Where it asks you to enter the existing account number during the online application process for the RS, you take the 7 numbers (not the letters, just the numbers) from your Websave account, and put a 0 in front of them to make up the 8 digit minimum that's required for this field.
- They will then allow you to have the product as an existing customer since apparently they just check your name and postcode, and as long as it matches your Websave account then that will be your eligibility proven.