Regular Savings Accounts: The Best Currently Available List!

happybagger

I'm an existing customer with one of these and have set the SO at £1k for a while, I haven't been told of any changes to t&c's so we'll see what happens a week tomorrow...

(Stafford Railway BS though)

Kim_13

happybagger said:

I'm an existing customer with one of these and have set the SO at £1k for a while, I haven't been told of any changes to t&c's so we'll see what happens a week tomorrow...

(Stafford Railway BS though)

It’ll be odd if they have indeed reduced it, they only raised it from £500 to £1k in… August? And they allowed a one off payment of up to 12K with repeated promotion of that opportunity.

WillPS

MrsCautious said:

Special_Saver2 said:

Hi Everybody,

I have just updated the first page of this thread.

SS2

---

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

Hi, thank you for the meticulous work that must help so many. I have applied for the Staffordshire Building Society saver account at the top of the list and it now says the maximum deposit is £500 rather than £1,000 when you go to the actual application as opposed to the general website information. The website has been updated to £25 as opposed to £20 for minimum deposit. 

I suspect that's a reference which was simply missed when the maximum pay in was increased. Every other reference I can find still says £1000.

happybagger

I agree. But I think the minimum is as stated on the SRBS website, ie £25, and the £20 quoted by @Special_Saver2 on the first page is an error

soulsaver

If your aim is to maximise the return on your savings then there's a lot of RSs at better rates and easier access that you should to be funding before putting £1k pm into a passbook operated account at 5.15%....

happybagger

There are, and the ones with no strings I have already. The better rates that I'm not in have opening requirements like another current account, which I'm not interested in doing. With 4 withdrawals I can treat this as a true instant access account. I have been moving funds from my Santander 5.2% account as that's time-limited; I judged the loss of 0.05% as a minimal loss compared to the likelihood of this RS paying a better rate than IA accounts in a few months time.
It's easy to move it back if my thoughts change.

HHUK

Co-operative Bank Regular Saver

I previously expressed my confidence that the various issues around the setting up of this account would resolve themselves within a couple of days. They haven't.

Received a 'Welcome to The Co-operative Bank' email at 08:36 today confirming that my new account is open and that they are 'just finalising everything'. The sort code and account number in that email correspond to those given in their letter of 22 February.  The Regular Saver is still not accessible in the app or online.

At 09:19 today I received a further email advising that following my request to set up a standing order to make monthly payments into my Regular Saver (which I made at the time I applied for it), they need more information from me before they can complete my request. They ask me to contact them by secure message, visiting a branch (with ID) or telephone, and the email ends with the warning:

Please note your standing order has not been set up and won’t be set up until you contact us. Please make alternative arrangements to ensure your payments are received into your Regular Saver.

I have sent a secure message and await further developments. In fairness I have found they normally respond promptly.

soulsaver

happybagger said:

There are, and the ones with no strings I have already. The better rates that I'm not in have opening requirements like another current account, which I'm not interested in doing. With 4 withdrawals I can treat this as a true instant access account. I have been moving funds from my Santander 5.2% account as that's time-limited; I judged the loss of 0.05% as a minimal loss compared to the likelihood of this RS paying a better rate than IA accounts in a few months time.
It's easy to move it back if my thoughts change.

My 'your' was global, not actually referring to you - I should have said 'ones'.

'True Instant Access'? You've discovered a way to make a SRBS withdrawal without a branch visit or posted pass book?
  

happybagger

Branch visit is no issue for me 

flaneurs_lobster

HHUK said:

Co-operative Bank Regular Saver

Has its own thread now

https://forums.moneysavingexpert.com/discussion/6508559/co-op-regular-saver-not-appearing-in-online-banking/p1