Regular Savings Accounts: The Best Currently Available List!

surreysaver

subjecttocontract said:

surreysaver said:

subjecttocontract said:

HHUK said:

Section62 said:

Has anyone's Co-op RS account appeared in their online banking "My accounts" list yet?

Mine doesn't. Received a 'We're looking forward to welcoming you to The Co-operative Bank' letter dated 22 Feb in today's post. Usual blurb about having everything they need for now, completing final checks etc.

It also states that I can now start saving, but am unsure how to do that given I have yet to receive the sort code and account number for the regular saver. I'm sure it will all sort itself out in the next few days.

EDIT - Have just seen @dcs34 's post above. I had missed the sort code and account number at the top right of my latter, but not tested to see whether or not it is active for me yet.

I don't understand why you have a problem. Did you not set up a S/O when you opened the regular saver account ?

How do you set up a Standing Order without the account details?  
I have also received the riddle in the post today as described by others.

To open the regular saver you need to have an existing Coop current account. You have the option to set up a standing order from the current account into the regular saver when you open it. Simples. 

As described by others its not that simples. You need the account details to set up a standing order or faster payment. 
My overdraft isn't large enough on my Co-Op current account to cater for a standing order, and I'm not going to sit £250 in it not earning interest for a day a month 

subjecttocontract

Are you joking ?....£250 @ 5% = 3.5 pence a day x 12. = 42 pence a year.

fabsaver

subjecttocontract said:

Are you joking ?....£250 @ 5% = 3.5 pence a day x 12. = 42 pence a year.

This is a money saving forum and every penny counts 

Unless the terms specify that the standing order must come from the current account with the same bank (like First Direct), I prefer to fund all mine directly from my own main bank account. It's easier to keep control of that way and saves setting up two standing orders, with twice the chance of something going wrong.

ColdIron

subjecttocontract said:

Are you joking ?....£250 @ 5% = 3.5 pence a day x 12. = 42 pence a year.

Since when were there 12 days in a year?

masonic

ColdIron said:

subjecttocontract said:

Are you joking ?....£250 @ 5% = 3.5 pence a day x 12. = 42 pence a year.

Since when were there 12 days in a year?

The discussion was about having each monthly deposit sitting in the current account not earning interest on the day prior to the standing order triggering.

ColdIron

masonic said:

ColdIron said:

subjecttocontract said:

Are you joking ?....£250 @ 5% = 3.5 pence a day x 12. = 42 pence a year.

Since when were there 12 days in a year?

The discussion was about having each monthly deposit sitting in the current account not earning interest on the day prior to the standing order triggering.

Ah ha, there had to be a reason, but I threw caution to the wind and posted anyway

Apols to subjecttocontract

subjecttocontract

ColdIron said:

subjecttocontract said:

Are you joking ?....£250 @ 5% = 3.5 pence a day x 12. = 42 pence a year.

Since when were there 12 days in a year?

Read the thread......it refers to loosing interest on one day each month of the year.

surreysaver

subjecttocontract said:

Are you joking ?....£250 @ 5% = 3.5 pence a day x 12. = 42 pence a year.

And the current account requires £800pm funding. So the payment will be taken from this £800 coming in, as I have to log anyway in to send the surplus to the next account which requires monthly funding 

csw5780

surreysaver said:

subjecttocontract said:

Are you joking ?....£250 @ 5% = 3.5 pence a day x 12. = 42 pence a year.

And the current account requires £800pm funding. So the payment will be taken from this £800 coming in, as I have to log anyway in to send the surplus to the next account which requires monthly funding 

Only required for “Everyday Rewards”. 

surreysaver

csw5780 said:

surreysaver said:

subjecttocontract said:

Are you joking ?....£250 @ 5% = 3.5 pence a day x 12. = 42 pence a year.

And the current account requires £800pm funding. So the payment will be taken from this £800 coming in, as I have to log anyway in to send the surplus to the next account which requires monthly funding 

Only required for “Everyday Rewards”. 

Indeed. That's what I've got.