Regular Savings Accounts: The Best Currently Available List!

where_are_we

Hanley E.B.S. - RS - I have not yet received by post my user ID (I am unable to log in and also set up the App) but I have had an email noticing no opening deposit yet. This contained my account number which is the same as my application reference. My account was opened in the middle of December so at least I can make an opening deposit this month - "The account must be opened with £1,000.** Please note accounts which are opened on or after 21st December 2023 will be processed from the 2nd January 2024."

adindas

Wheres_My_Cashback said:

adindas said:

Bigwheels1111 said:

adindas said:

Bigwheels1111 said:

adindas said:

I applied This Gate House RSA 7%. It is quite weird I have not got information whether the account is successfully opened and I got this message ?? 

"You have indicated that you want to make an initial deposit of £xxx
You can do this in one of the two following ways:

1) Make an online electronic payment from your Bank or Building Society:

You can fund your account easily by transferring money electronically from your nominated account held with another UK bank or building society. Simply tell your bank or building society:

    Our account number: 93511057
    Held with: Barclays Bank
    Our account name: Gatehouse Bank plc
    Our Sort Code: 20-32-53
    Reference: xxxxxx

Important: Please make sure you or your bank correctly quote the reference above, as without this we may have problems allocating your money to your account and could be forced to return it without profit. If you are funding your account by electronic money transfer, please make sure that your deposit amount is sent to us from your nominated account otherwise we will not be able to credit your deposit and the funds will be returned to you.

2) Send us a cheque:

You can make your first deposit using a cheque from any UK Bank or Building Society account in your name. This must be made payable to: Gatehouse Bank - 956552668
Please send your initial deposit cheque to us at:
Gatehouse Bank
PO Box 861
Wallsend
NE28 5BP"

What I am worried here is that after funding it, the application is rejected. You might not lose the money but might be another unnecessary hassle, wasting time to get your money back ?? What do you think guy. Do you wait for acceptance confirmation or you fund it straight away after getting such as email ??

I just funded mine at that point via bank transfer and 2 hours later it was up and running, with a £300 balance.

2 day later on the first I paid in £300 more.

I just notice they send an email

Funding your Account
You can fund your account easily by transferring money electronically from your nominated account held with another UK bank or building society. Simply tell your bank or building society:

• that you would like to make an electronic payment
• the account the money is to be transferred from
• our Account Number: 93511057
• our sort code: 20-32-53
• our Account Name: Gatehouse Bank plc
• reference: your reference number (generated at the end of your online application) or your account number

I manage to see the account online after getting email for UN

Which one to use Ref Number or A/C Number

Ref No: XXXXXXXX - Family Name
A/C No: REGXXXXXX1AAA

I guess better to use the A/C number rather than ref number. But just want to make sure, what do you think ??

All of them, unless you have an easy access with them.
As can be funded via it.
I think they use Barclays Bank for transfers.
So, sort code 20-32-53,Account number 93511057 name is Gatehouse Bank Ltd, business not personal,
then your 8 digit account number in the reference box.
I called my bank to set it up as was easier for me.

Considering tomorrow is weekend, I just sent the first payment using FP. Also I already set up a SO to be taken every first day in the month.

My A/C No: REGXXXXXX1AAA

Also I just saw a message saying to verify the Link account which will be sent via post, presumably this is just for withdrawal purposes.

Won't be added to the account until next Wednesday. payments need to be received by 1300 to be added on the day, otherwise it's next working day.

Got a text message this morning that the deposit received. I went to my online banking it is already credited, as shown in the balance. Impress with Gatehouse.

Wheres_My_Cashback

adindas said:

Wheres_My_Cashback said:

adindas said:

Bigwheels1111 said:

adindas said:

Bigwheels1111 said:

adindas said:

I applied This Gate House RSA 7%. It is quite weird I have not got information whether the account is successfully opened and I got this message ?? 

"You have indicated that you want to make an initial deposit of £xxx
You can do this in one of the two following ways:

1) Make an online electronic payment from your Bank or Building Society:

You can fund your account easily by transferring money electronically from your nominated account held with another UK bank or building society. Simply tell your bank or building society:

    Our account number: 93511057
    Held with: Barclays Bank
    Our account name: Gatehouse Bank plc
    Our Sort Code: 20-32-53
    Reference: xxxxxx

Important: Please make sure you or your bank correctly quote the reference above, as without this we may have problems allocating your money to your account and could be forced to return it without profit. If you are funding your account by electronic money transfer, please make sure that your deposit amount is sent to us from your nominated account otherwise we will not be able to credit your deposit and the funds will be returned to you.

2) Send us a cheque:

You can make your first deposit using a cheque from any UK Bank or Building Society account in your name. This must be made payable to: Gatehouse Bank - 956552668
Please send your initial deposit cheque to us at:
Gatehouse Bank
PO Box 861
Wallsend
NE28 5BP"

What I am worried here is that after funding it, the application is rejected. You might not lose the money but might be another unnecessary hassle, wasting time to get your money back ?? What do you think guy. Do you wait for acceptance confirmation or you fund it straight away after getting such as email ??

I just funded mine at that point via bank transfer and 2 hours later it was up and running, with a £300 balance.

2 day later on the first I paid in £300 more.

I just notice they send an email

Funding your Account
You can fund your account easily by transferring money electronically from your nominated account held with another UK bank or building society. Simply tell your bank or building society:

• that you would like to make an electronic payment
• the account the money is to be transferred from
• our Account Number: 93511057
• our sort code: 20-32-53
• our Account Name: Gatehouse Bank plc
• reference: your reference number (generated at the end of your online application) or your account number

I manage to see the account online after getting email for UN

Which one to use Ref Number or A/C Number

Ref No: XXXXXXXX - Family Name
A/C No: REGXXXXXX1AAA

I guess better to use the A/C number rather than ref number. But just want to make sure, what do you think ??

All of them, unless you have an easy access with them.
As can be funded via it.
I think they use Barclays Bank for transfers.
So, sort code 20-32-53,Account number 93511057 name is Gatehouse Bank Ltd, business not personal,
then your 8 digit account number in the reference box.
I called my bank to set it up as was easier for me.

Considering tomorrow is weekend, I just sent the first payment using FP. Also I already set up a SO to be taken every first day in the month.

My A/C No: REGXXXXXX1AAA

Also I just saw a message saying to verify the Link account which will be sent via post, presumably this is just for withdrawal purposes.

Won't be added to the account until next Wednesday. payments need to be received by 1300 to be added on the day, otherwise it's next working day.

Got a text message this morning that the deposit received. I went to my online banking it is already credited, as shown in the balance. Impress with Gatehouse.

That's interesting as they state ...

If you make a deposit before 1pm on a working day, funds will show on your account by close of business the same day. Deposits after 1pm, will show by close of business the following day.

allegro120

Wheres_My_Cashback said:

adindas said:

Wheres_My_Cashback said:

adindas said:

Bigwheels1111 said:

adindas said:

Bigwheels1111 said:

adindas said:

I applied This Gate House RSA 7%. It is quite weird I have not got information whether the account is successfully opened and I got this message ?? 

"You have indicated that you want to make an initial deposit of £xxx
You can do this in one of the two following ways:

1) Make an online electronic payment from your Bank or Building Society:

You can fund your account easily by transferring money electronically from your nominated account held with another UK bank or building society. Simply tell your bank or building society:

    Our account number: 93511057
    Held with: Barclays Bank
    Our account name: Gatehouse Bank plc
    Our Sort Code: 20-32-53
    Reference: xxxxxx

Important: Please make sure you or your bank correctly quote the reference above, as without this we may have problems allocating your money to your account and could be forced to return it without profit. If you are funding your account by electronic money transfer, please make sure that your deposit amount is sent to us from your nominated account otherwise we will not be able to credit your deposit and the funds will be returned to you.

2) Send us a cheque:

You can make your first deposit using a cheque from any UK Bank or Building Society account in your name. This must be made payable to: Gatehouse Bank - 956552668
Please send your initial deposit cheque to us at:
Gatehouse Bank
PO Box 861
Wallsend
NE28 5BP"

What I am worried here is that after funding it, the application is rejected. You might not lose the money but might be another unnecessary hassle, wasting time to get your money back ?? What do you think guy. Do you wait for acceptance confirmation or you fund it straight away after getting such as email ??

I just funded mine at that point via bank transfer and 2 hours later it was up and running, with a £300 balance.

2 day later on the first I paid in £300 more.

I just notice they send an email

Funding your Account
You can fund your account easily by transferring money electronically from your nominated account held with another UK bank or building society. Simply tell your bank or building society:

• that you would like to make an electronic payment
• the account the money is to be transferred from
• our Account Number: 93511057
• our sort code: 20-32-53
• our Account Name: Gatehouse Bank plc
• reference: your reference number (generated at the end of your online application) or your account number

I manage to see the account online after getting email for UN

Which one to use Ref Number or A/C Number

Ref No: XXXXXXXX - Family Name
A/C No: REGXXXXXX1AAA

I guess better to use the A/C number rather than ref number. But just want to make sure, what do you think ??

All of them, unless you have an easy access with them.
As can be funded via it.
I think they use Barclays Bank for transfers.
So, sort code 20-32-53,Account number 93511057 name is Gatehouse Bank Ltd, business not personal,
then your 8 digit account number in the reference box.
I called my bank to set it up as was easier for me.

Considering tomorrow is weekend, I just sent the first payment using FP. Also I already set up a SO to be taken every first day in the month.

My A/C No: REGXXXXXX1AAA

Also I just saw a message saying to verify the Link account which will be sent via post, presumably this is just for withdrawal purposes.

Won't be added to the account until next Wednesday. payments need to be received by 1300 to be added on the day, otherwise it's next working day.

Got a text message this morning that the deposit received. I went to my online banking it is already credited, as shown in the balance. Impress with Gatehouse.

That's interesting as they state ...

If you make a deposit before 1pm on a working day, funds will show on your account by close of business the same day. Deposits after 1pm, will show by close of business the following day.

They state this, but in my experience weekend morning deposits arrive on the same day at around 1pm. 

liamcov

Westbrom - do they offer any UK wide online accounts to overcome their postcode restrictions on the 6% account?

adindas

liamcov said:

Westbrom - do they offer any UK wide online accounts to overcome their postcode restrictions on the 6% account?

Many of their saving accounts (if not all) could be opened online.

https://www.westbrom.co.uk/savings

There are some accounts which are not restricted to particular post code or have existing saving meeting the requirement but the interest rate are not favourable.

The one 6% RSA have you tried open it online ? You have nothing to lose trying it. I personally could complete the form from the scratch in less than three minutes using PC with ultra widescreen monitor. This is one of the reason why I personally prefer online banking rather than mobile app.

Read previous post in this thread, someone manage to open it even without meeting the post code requirement or existing saving requirement.

flaneurs_lobster

liamcov said:

Westbrom - do they offer any UK wide online accounts to overcome their postcode restrictions on the 6% account?

Yes.

Easy enough to open a non-restricted account and when it's confirmed open, apply for the restricted one. Did it myself over 3 days last week.

Aidanmc

liamcov said:

Westbrom - do they offer any UK wide online accounts to overcome their postcode restrictions on the 6% account?

I opened an easy access saver and the 6% regular saver 1 day later and im not even UK mainland resident!

The whole process was simple

Emily_Joy

West Brom - can one have more than one RS?

ForumUser7

Emily_Joy said:

West Brom - can one have more than one RS?

One account per customer (single or joint)
https://www.westbrom.co.uk/savings/regular-savers/fixed-rate-regular-saver-issue-7

Not sure if you can hold both access and fixed though - this just means only one FR RS Issue 7 IMO