Regular Savings Accounts: The Best Currently Available List!

Middle_of_the_Road

That's good to know. Was thinking of switching the account to Lloyds. If this regular saver requires a current account I'll stay with Co-op just for this. If it's instant access, no doubt it will be 7% variable. 

ForumUser7

Ah the co-op. I hold no accounts with them, deliberately so, given the experience others had with the refer a friend offer. If they do release this, I'll need to think carefully as to whether I trust them or not. Particularly if it'll require a current account and hard search.

Bridlington1

ForumUser7 said:

Ah the co-op. I hold no accounts with them, deliberately so, given the experience others had with the refer a friend offer. If they do release this, I'll need to think carefully as to whether I trust them or not. Particularly if it'll require a current account and hard search.

I wouldn't let refer-a-friend offer issues put you off opening an account. Co-op certainly aren't the quickest by any stretch of the imagination when it comes to opening accounts but they usually get there in the end. If it's a 7% EA regular saver you'd only likely be needing to do 1 or 2 transactions/mth with Co-op and can ignore the account most of the time.

I'm one of those people who spent several months trying to get the £125 out of them and I'll still be applying for the account when it's launched. 

Middle_of_the_Road

The timing of the release of this regular saver is telling I think. It could be that they're trying to limit the number of recently switched accounts that might be quickly switched out again, now that Lloyds have launched another switch offer. I already have 6 current accounts purely to get access to regular savers, looks like it might raise to 7.

pecunianonolet

The question is if a current account (hard search) is needed or if a cashminder account would be enough or if this is a requirement at all. I just opened one of their very low paying easy access saver accounts for £1 just in case it is for existing customers only. 

WillPS

ForumUser7 said:

Ah the co-op. I hold no accounts with them, deliberately so, given the experience others had with the refer a friend offer. If they do release this, I'll need to think carefully as to whether I trust them or not. Particularly if it'll require a current account and hard search.

No hard search for a Cashminder account (which may or may not be acceptable by the terms, which may or may not require a current account at all!).

allegro120

ForumUser7 said:

Anyone who is an existing customer been able to reduce the DD from £25 to £10 please? Not sure whether to try, or just leave it seeing as they no longer allow new customers to use them. Thanks

I've sent them a 'secure message' with this question.  I will feedback on here when they reply.

allegro120

allegro120 said:

ForumUser7 said:

Anyone who is an existing customer been able to reduce the DD from £25 to £10 please? Not sure whether to try, or just leave it seeing as they no longer allow new customers to use them. Thanks

I've sent them a 'secure message' with this question.  I will feedback on here when they reply.

Reply received this morning - "With effect from February 2024 Direct Debit payments due in respect of the above Direct Debit Instruction will be for £10.00".  So all you need to do is to send them a secure message and they will amend your DD.

ForumUser7

allegro120 said:

allegro120 said:

ForumUser7 said:

Anyone who is an existing customer been able to reduce the DD from £25 to £10 please? Not sure whether to try, or just leave it seeing as they no longer allow new customers to use them. Thanks

I've sent them a 'secure message' with this question.  I will feedback on here when they reply.

Reply received this morning - "With effect from February 2024 Direct Debit payments due in respect of the above Direct Debit Instruction will be for £10.00".  So all you need to do is to send them a secure message and they will amend your DD.

This is fantastic - thank you for checking into that for us.

Bigwheels1111

Just opened my West Brom regular saver.

A bit long winded, about a week to open both account.

Thanks for the advise in previous posts.