Regular Savings Accounts: The Best Currently Available List!

chris_the_bee

AmityNeon said:

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.

Yes, I did all that, but application still bounced, hence my call to CS.

fabsaver

chris_the_bee said:

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) 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.

From a post here yesterday someone else was told that WebSave accounts do qualify you as an existing customer.

https://forums.moneysavingexpert.com/discussion/comment/80479590/#Comment_80479590

My first application was rejected, presumably because I'd used the application reference rather than account number for my WebSave account. I re-applied yesterday, following the instructions in the linked post above to input my WebSave account number.

I can confirm that the regular saver was opened successfully this morning, using my WebSave account number without the letters. 

adindas

allegro120 said:

Aidanmc 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.

I applied yesterday also as a new customer. Had an email this morning to say account is open.

Today applied for RS, had to provide same info as easy access application yesterday,

Seems i have to call them to set up security pin before able to get online access.

re West Brom. I had the same e-mail this morning and deposited £1. Called them to ask about ID for online access. I was told that it takes a day for the account to appear on the system, I should call tomorrow and they will give me the ID number.  The same with opening RS, I was advised to apply tomorrow.

Sharing my experience. I applied Westbrom Fixed Rate Regular Saver (i7) online a few days ago. I am nit in their catchment areas neither do I have an active saving with Them. The only one I had was more than ten years ago which was already closed. But it is approved the day after. The account is already successfully funded.

But I still needed to upload the Photo ID including ID with signature though.

adindas

Principality Maturity Winter RS Bond 6.25%. Just be aware to apply within 14 working days (?) from the maturity. Thereafter you will not be eligible. That is my personal experience. They do not let me apply for this account, but they still allow me to apply 2 Year Healthy Habits Saver Bond 6% which is less favourable.

soulsaver

chris_the_bee said:

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) 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.

Re bolded: You can view the WB Saver online via their savings portal (when set up) and also request withdrawals by message from therein.
You need to phone to set the portal up with account, DoB & pin - the latter, I believe, also suffices for phone banking.

PS Reminds me: Why use a long word when a short one will suffice?

happybagger

Thanks @Bridlington1, not a clue how I missed that 
@janusdesign yes spotted that on the product description page but thought it might get marked as a closed issue before then, and also thought it may get opened automatically if logged in as an existing customer. (Edit: which it did, it shows on account page, will fund on 27th)

Cheers both.

Wheres_My_Cashback

easysaver said:

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

Most institutions requiring nominated accounts are for outbound payments only and there's plenty of those.

Nottingham BS / Beehive require 1st deposit from the nominated a/c, but subsequent payments in can come from elsewhere.

Gateway are not traditionally an RS provider, possibly hence their requirement just as it's also a requirement for numerous other EA/Notice/Fixed accounts elsewhere.

gt94sss2

easysaver said:

I'm losing track with so many regular savers and wondered if there are any other institutions that require deposits from your nominated account? 

First Direct

First Direct require the standing order to fund their regular saver to come from your FD current account.

Kim_13

easysaver said:

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

Tipton and Coseley require funding from a nominated account. I nominated an account I had recent paper statement for in case it was asked for, but would sooner fund from another. 

ForumUser7

WeBSave Accounts 100% qualify, I know as I only hold websave and was eligible for this. I got the bounce back email too, just reply saying you're an existing customer with a web save account and then they process it.