Regular Savings Accounts: The Best Currently Available List!

Middle_of_the_Road

castle96 said:

Has the Skipton 7% fixed gone ?

I still see it available in the app.

harz99

JamesRobinson48 said:

Stargunner said:

And only having the 'employment' options of 'Full-time', 'Part-time', 'Self-employed', 'Unemployed', 'Retired' would suggest the self-styled ethical bank have never heard of the rest of us.

What other options would you like them to offer, because surely one of those would apply to everyone.

Student?  Homemaker? Economically inactive due to a disability?

All covered as Stargazer already intimated, fancy names not required.

MrsCautious

Thank you @Middle_of_the_Road and @PRAISETHESUN - for taking the time to explain these details to me and for clarifying where I have got my wires crossed a little. I am at several RS accounts and am not sure how much enthusiasm I can muster for more, then I think ah but this is one hour's work for £x after tax and get tempted again. 

trickydicky14

JamesRobinson48 said:

Stargunner said:

And only having the 'employment' options of 'Full-time', 'Part-time', 'Self-employed', 'Unemployed', 'Retired' would suggest the self-styled ethical bank have never heard of the rest of us.

What other options would you like them to offer, because surely one of those would apply to everyone.

Student?  Homemaker? Economically inactive due to a disability?

I like many others on this site have possibly far too many bank and building soc accounts so I am used to filling in a lot of application forms. Before singling out the Co-op, can you tell me how many other organisations list all of your options because I’m struggling to.

gele

Yes that's correct, There's a wait.  I was impressed by the speed of application decision but looks like we will need to be a bit more patient to see the account online and do anything with it. Still happy overall at 7% with a £250pm pay in.

nomorekids

AmityNeon said:

myth123 said:

Stargunner said:

Bridlington1 said:

Co-op Regular Saver has been launched at 7% as advertised:
https://www.co-operativebank.co.uk/products/savings/regular-saver/

• Have the account for a 12 month term – the 12 months will start from the date we accept your first deposit

This could be useful for some that want to delay the end date, as you have up to 30 days from account  opening to make your first deposit.

This is good to know, ideally I want to push the end date into the next tax year.

7th March at the earliest, or 8th March if you want to be safe (which would also align with interest being paid on Monday 7th April 2025, the first day that interest can be received in the new tax year).

Confused. Please can you explain because this scenario would make it a 13 month account?, I also would like to push the interest into 25/26

Middle_of_the_Road

MrsCautious said:

Thank you @Middle_of_the_Road and @PRAISETHESUN - for taking the time to explain these details to me and for clarifying where I have got my wires crossed a little. I am at several RS accounts and am not sure how much enthusiasm I can muster for more, then I think ah but this is one hour's work for £x after tax and get tempted again. 

Yes, they do tend to multiply, and I was feeling the same. Currently have around 16 having just opened the latest YBS loyalty reg,saver. It's hard to refuse opportunities to have high interest accounts for little extra effort.

pecunianonolet

Cashminder with Coop opened yesterday, email received account is approved yesterday evening. Applied for the reg saver after lunch today, received an email 1h later that application is declined because I don't have an eligible account. 

Guess I'll have to wait until next week or risk it now to wait until early March so interest drops into 25/26. Let's hope the account is on the market for a bit longer and not just 5 days like the switch offer.

AmityNeon

nomorekids said:

AmityNeon said:

myth123 said:

Stargunner said:

Bridlington1 said:

Co-op Regular Saver has been launched at 7% as advertised:
https://www.co-operativebank.co.uk/products/savings/regular-saver/

• Have the account for a 12 month term – the 12 months will start from the date we accept your first deposit

This could be useful for some that want to delay the end date, as you have up to 30 days from account  opening to make your first deposit.

This is good to know, ideally I want to push the end date into the next tax year.

7th March at the earliest, or 8th March if you want to be safe (which would also align with interest being paid on Monday 7th April 2025, the first day that interest can be received in the new tax year).

Confused. Please can you explain because this scenario would make it a 13 month account?, I also would like to push the interest into 25/26

The 12-month term starts from the date of the first deposit. You want to delay interest until the 25/26 tax year, but you should open the account as soon as possible to avoid the product/rate being withdrawn.

8th March 2024: Open the account
7th April 2024 (30 days later): First deposit
7th April 2025: Interest is paid (covering 7th April 2024 to 6th April 2025)

Speculator

pecunianonolet said:

Cashminder with Coop opened yesterday, email received account is approved yesterday evening. Applied for the reg saver after lunch today, received an email 1h later that application is declined because I don't have an eligible account. 

Guess I'll have to wait until next week or risk it now to wait until early March so interest drops into 25/26. Let's hope the account is on the market for a bit longer and not just 5 days like the switch offer.

Cashminder opened 11.30am today and approved "subject to a few formalities" at 15:08.

I assume I would need to be issued with an account number before I can open the 7% regular saver.