Regular Savings Accounts: The Best Currently Available List!

Bridlington1

Middle_of_the_Road said:

Dizzycap said:

I finally managed to get the YBS Christmas Saver Opened. what a mess up with all the verification rubbish. It's been going on for 10 days . Anyway, loaded up £150 for this month and another £150 at the beginning of February.

Coventry has launched another RS issue @ 5% but not opened as I've got others on the go at higher interest rates. Plus, I've already got 2 Coventry RS @ 5.5% with one about to mature.

How did you manage to have two 5.5% regular savers with Coventry?

Coventry haven't been the best at enforcing their account opening Ts&Cs in the past. You're only meant to be able to open one of each issue of their triple access account but in practice their systems have allowed people to open two of each (one with annual interest, one with monthly interest). I also vaguely recall someone on here was able to open their 7% loyalty regular saver a couple of months ago despite being ineligible but I might be mis-remembering.

Based on the above it wouldn't surprise me much if someone managed to have two 5.5% regular savers with Coventry simultaneously.

Middle_of_the_Road

Bridlington1 said:

Middle_of_the_Road said:

Dizzycap said:

I finally managed to get the YBS Christmas Saver Opened. what a mess up with all the verification rubbish. It's been going on for 10 days . Anyway, loaded up £150 for this month and another £150 at the beginning of February.

Coventry has launched another RS issue @ 5% but not opened as I've got others on the go at higher interest rates. Plus, I've already got 2 Coventry RS @ 5.5% with one about to mature.

How did you manage to have two 5.5% regular savers with Coventry?

Coventry haven't been the best at enforcing their account opening Ts&Cs in the past. You're only meant to be able to open one of each issue of their triple access account but in practice their systems have allowed people to open two of each (one with annual interest, one with monthly interest). I also vaguely recall someone on here was able to open their 7% loyalty regular saver a couple of months ago despite being ineligible but I might be mis-remembering.

Based on the above it wouldn't surprise me much if someone managed to have two 5.5% regular savers with Coventry simultaneously.

That's probably it then. Was it also you could have one branch and one online, or was that another provider?

Nick_C

I decided not to bother with the YBS Christmas Saver.  6% for a maximum of £150 for 9 months just doesn't seem worthwhile to me.  I would only get £3.50 more than putting the money into the Skipton Member Bonus Saver at 5.5%.  And of course the Skipton account lasts for a year, not 9 months, and is very flexible.  Although not marketed as a regular saver, its a great account for anyone who wants to regularly save about £250 every month, but it has the added flexibility of letting you put less in in some months and more in others.

I also won't be opening the Coventry RS paying 5%.  I don't see the the point when there are easy access accounts that pay more, and offer greater flexibility.  

Middle_of_the_Road

Nick_C said:

I decided not to bother with the YBS Christmas Saver.  6% for a maximum of £150 for 9 months just doesn't seem worthwhile to me.  I would only get £3.50 more than putting the money into the Skipton Member Bonus Saver at 5.5%.  And of course the Skipton account lasts for a year, not 9 months, and is very flexible.  Although not marketed as a regular saver, its a great account for anyone who wants to regularly save about £250 every month, but it has the added flexibility of letting you put less in in some months and more in others.

I also won't be opening the Coventry RS paying 5%.  I don't see the the point when there are easy access accounts that pay more, and offer greater flexibility.  

Not opening the Coventry RS either. Might have been worth it If it was a fixed rate.
Don't think they'll get much interest in it, especially now they've launched the Triple Access at 5.15%. 

They even have a Four access ISA @ 5.05% 

Four Access ISA (Online) (coventrybuildingsociety.co.uk)

surreysaver

Middle_of_the_Road said:

Dizzycap said:

I finally managed to get the YBS Christmas Saver Opened. what a mess up with all the verification rubbish. It's been going on for 10 days . Anyway, loaded up £150 for this month and another £150 at the beginning of February.

Coventry has launched another RS issue @ 5% but not opened as I've got others on the go at higher interest rates. Plus, I've already got 2 Coventry RS @ 5.5% with one about to mature.

How did you manage to have two 5.5% regular savers with Coventry?

Was it the Coventry who did a sweep a couple of years ago and closed the accounts of those who had multiple issues of the same regular saver?

simonsmithsays

surreysaver said:

Middle_of_the_Road said:

Dizzycap said:

I finally managed to get the YBS Christmas Saver Opened. what a mess up with all the verification rubbish. It's been going on for 10 days . Anyway, loaded up £150 for this month and another £150 at the beginning of February.

Coventry has launched another RS issue @ 5% but not opened as I've got others on the go at higher interest rates. Plus, I've already got 2 Coventry RS @ 5.5% with one about to mature.

How did you manage to have two 5.5% regular savers with Coventry?

Was it the Coventry who did a sweep a couple of years ago and closed the accounts of those who had multiple issues of the same regular saver?

It was indeed

I was one

Special_Saver2

Hi Everybody,

I cannot see anything that has changed for the first page of this thread.

I will do the next update in the next 2 weeks.

SS2

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For those new to this thread, the first few posts are regularly updated and are on the first page
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

gelato_cat

@Special_Saver2, thanks for all your hard work.

I just noticed on the Chorley site that the regular saver in your section 4 is no longer available and seems to have been replaced by this one with similar rules.  They need to receive the first deposit by 31st January and it matures on 31st December:

https://www.chorleybs.co.uk/saving/regular-saver-31-12-24/

HHUK

Bridlington1 said:

Though you only need to do this if you're applying as a new customer, if you're an existing customer sending ID isn't necessary.

Furness Christmas Regular Saver Issue 1

I was pleasantly surprised to receive a passbook today confirming that my Christmas Regular Saver account has been opened. 

I am completely new to Furness, and had requested an application pack via a message on their website. I duly completed and returned the application form, together with a cheque for £1 and an ordinary - ie, not certified - copy of my ID. My cheque was dated 11 January and cleared on 24 January. The initial deposit of £1 is shown in the passbook as having reached the Furness account on 23 January.

Not having submitted original or certified copies of my ID, I was fully expecting my application to be rejected. I now need to decide whether and how to use the account, register for online access, etc.

where_are_we

Furness are a reputable Building Society that uses passbooks. In effect the Xmas RS1 can be used as easy access RS with one penalty withdrawal allowed each year. You must make a deposit of at least £1 each month up to the maximum of £500. Lets hope the 6% variable doesn`t drop soon.