Regular Savings Accounts: The Best Currently Available List!

castle96

castle96 said:

Has the Skipton 7% fixed gone ?

I still see it available in the app.

https://secure.skipton.co.uk/portal/#  I have this 7.5% on PC for some months. Still cant find 7%! Can you have both? Got a link pl    TIA

Speculator

castle96 said:

castle96 said:

Has the Skipton 7% fixed gone ?

I still see it available in the app.

https://secure.skipton.co.uk/portal/#  I have this 7.5% on PC for some months. Still cant find 7%! Can you have both? Got a link pl    TIA

Might be worth closing existing 7.5% and open the 7% regular

Bridlington1

OneUser1 said:

What’s the general feeling regarding existing Nationwide Start to Save Issue 2 accounts now the prize draw is presumably finished. Are people closing theirs? Reducing the balance to the minimum but keeping it alive? Or did everyone other than me get in so early their two years are already up?

I'm keeping mine alive and fully funded for now since the interest rate is still high enough for me to warrant funding it. I will probably give the account the chop in April though.

This isn't specific to this account though, I'm finishing Uni this year so the era of me not having to worry about being taxed on savings interest looks as though it could come to an end soon (depending on how things pan out with getting a job after uni and how much I have left over from a likely property purchase this year) so this will likely inflict some serious damage to my regular saver collection as I will be wanting to ensure a decent chunk of my interest from regular savers is paid this tax year, particularly for the lower paying accounts and ones that are due to mature fairly early on in the next tax year anyway.

allegro120

Hattie627 said:

OneUser1 said:

What’s the general feeling regarding existing Nationwide Start to Save Issue 2 accounts now the prize draw is presumably finished. Are people closing theirs? Reducing the balance to the minimum but keeping it alive? Or did everyone other than me get in so early their two years are already up?

Mine doesn't finish its 2 year stint until June. I'd be interested in thoughts on this, too.
Has anyone heard that they won in the Feb draw? Does no notification so far mean hard luck?

Mine is to mature in August this year.  I keep feeding it, 5.5% is OK rate.  I didn't open it for prize draw, I never win anything , but because the rate was very good at the time of opening and keep it opened because the rate is consistently competitive.

castle96

Speculator said:

castle96 said:

castle96 said:

Has the Skipton 7% fixed gone ?

I still see it available in the app.

https://secure.skipton.co.uk/portal/#  I have this 7.5% on PC for some months. Still cant find 7%! Can you have both? Got a link pl    TIA

Might be worth closing existing 7.5% and open the 7% regular

But I cannot find it listed under "open new a/c" Any link pl

simonsmithsays

Bridlington1 said:

OneUser1 said:

What’s the general feeling regarding existing Nationwide Start to Save Issue 2 accounts now the prize draw is presumably finished. Are people closing theirs? Reducing the balance to the minimum but keeping it alive? Or did everyone other than me get in so early their two years are already up?

I'm keeping mine alive and fully funded for now since the interest rate is still high enough for me to warrant funding it. I will probably give the account the chop in April though.

This isn't specific to this account though, I'm finishing Uni this year so the era of me not having to worry about being taxed on savings interest looks as though it could come to an end soon (depending on how things pan out with getting a job after uni and how much I have left over from a likely property purchase this year) so this will likely inflict some serious damage to my regular saver collection as I will be wanting to ensure a decent chunk of my interest from regular savers is paid this tax year, particularly for the lower paying accounts and ones that are due to mature fairly early on in the next tax year anyway.

Please ensure you get a job that fits around how helpful you are on here.

It's appreciated 👍

Obviously good luck in the search - you're clearly very capable so won't struggle.

chris_the_bee

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.

How do I open and manage my account?

Open an account

To open an account you must:

• Be a UK resident
• Be aged 16 or over.
• Have either a Co-operative Bank Current Account, Current Account Plus, Privilege current account, Privilege Premier current account, Student current account, Cashminder account, Everyday Extra current account or any other account we specify in the future.

pecunianonolet

chris_the_bee said:

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.

How do I open and manage my account?

Open an account

To open an account you must:

• Be a UK resident
• Be aged 16 or over.
• Have either a Co-operative Bank Current Account, Current Account Plus, Privilege current account, Privilege Premier current account, Student current account, Cashminder account, Everyday Extra current account or any other account we specify in the future.

What's the purpose of your post, please?

Again, Coop approved my cashminder account application yesterday but today is saying I don't have an eligible account and therefore they can't open the regular saver I applied for today after the approved cashminder account application from yesterday.

In essence, you've got to wait until their IT has had enough time to sync everything and that I've got to wait until next week if I am desperate or play the waiting game hoping they not withdraw the account again in a few days allowing me to open in March, fund in April and bank interest in 25/26 instead of 24/25 if opened now.  

chris_the_bee

Rudyson said:

OneUser1 said:

What’s the general feeling regarding existing Nationwide Start to Save Issue 2 accounts now the prize draw is presumably finished. Are people closing theirs? Reducing the balance to the minimum but keeping it alive? Or did everyone other than me get in so early their two years are already up?

If they repeat their fairer share payment from last year, with similar conditions, it may be a useful account to keep, unless you qualify with other accounts you have with them

Nationwide’s Board will decide on whether we can make a payment for 2024. That will depend on how well we have performed financially. The Board will make that assessment – and confirm this year’s eligibility criteria - after the financial year ends in April.

Look out for an announcement on 23 May 2024.

allegro120

Section62 said:

Hattie627 said:

gele said:

I applied for the co-op regular saver just over1 hour ago and have received email to say application  successful. Well done Co-op.

True. But no account details yet, so can't pay in. Others eg YBS, LBG much quicker.

Agreed. And given you have to have a Coop current account to open the RS, and therefore will be an existing customer already, their account opening process (requiring a whole load of basic personal information to be re-entered) was really disappointing.

Not having the account opened and ready to transact on in the same online banking session was doubly-disappointing.

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.

Thanks Coop for the new RS account, but today has been a good reminder of how far behind the curve you still are.

Edit:  With apologies to Coop, 'Student' was also an option in the list.

Yes, they are on the slow side.  Opened YBS today - didn't need to repeat my details, just had to confirm that they are the same, got my account number immediately after opening.

For 'employment" you can select anything you want, it's just for statistics.  I'm a mixture of two, so picked one of them.

They do have ethical policies, but the equality don't seem to be on forefront of their agenda.  They advertise the account for Ukrainian refugees, which is nice, but what about other refugees?  Privileging a single nationality, ethnic group or race doesn't sound very ethical to me.