Regular Savings Accounts: The Best Currently Available List!

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.

janusdesign

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.

they say that, but i've been funding it from their EA account via internal transfer - no issues so far.

surreysaver

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.

How do you get the username for the online banking?  Does it come with the welcome pack?

EDIT It came in the email I received shortly after typing this 

pecunianonolet

Can anyone clarify this please?

If I have to make a deposit every month I won't open, if I don't I may consider. Their Summary Box doesn't make sense and gives contradictory information imho. 

Do they say that I don't have to make a monthly deposit but if I do it has to be a minimum of £10?

soulsaver

WMBS RS 6.0%
@pecunianonolet If you don't make a deposit, that's ok; but if you do, it has to be £10 min. 
It's not the first we've seen like that..