Regular Savings Accounts: The Best Currently Available List!

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

soulsaver

So - several days after I applied, I get an email from Co Op (apparently) with a sort code and account number. Yay!

So I try to make a bank transfer deposit and, whilst Santander recognises the sort code as Co Op, it says the account number provided doesn't exist and won't allow a payment - no usual option to go ahead anyway.

So I try First Direct - they also say they cant validate the ac number. 

So I ring Co Op - whose automated response asks for your 8 digit ac number.... but when inputted says thats not a valid number.. FGS!  

PS then says they're having a lot of calls - and there's 'up to a 15 min wait. I'm at 20mins now and still 'moving forward in the queue..'

dealyboy

@soulsaver said:

So - several days after I applied, I get an email from Co Op (apparently) with a sort code and account number. Yay!

So I try to make a bank transfer deposit and, whilst Santander recognises the sort code as Co Op, it says the account number provided doesn't exist and won't allow a payment - no usual option to go ahead anyway.

So I try First Direct - they also say they cant validate the ac number. 

So I ring Co Op - whose automated response asks for your 8 digit ac number.... but when inputted says thats not a valid number.. FGS!  

PS then says they're having a lot of calls - and there's 'up to a 15 min wait. I'm at 20mins now and still 'moving forward in the queue..'

Similar experience to you ... after 21 minutes I spoke to someone who had clearly been asked the same question many times ... so I need to wait 24 hours for the current account to be recognized.

bripat

dealyboy said:

@soulsaver said:

So - several days after I applied, I get an email from Co Op (apparently) with a sort code and account number. Yay!

So I try to make a bank transfer deposit and, whilst Santander recognises the sort code as Co Op, it says the account number provided doesn't exist and won't allow a payment - no usual option to go ahead anyway.

So I try First Direct - they also say they cant validate the ac number. 

So I ring Co Op - whose automated response asks for your 8 digit ac number.... but when inputted says thats not a valid number.. FGS!  

PS then says they're having a lot of calls - and there's 'up to a 15 min wait. I'm at 20mins now and still 'moving forward in the queue..'

Similar experience to you ... after 21 minutes I spoke to someone who had clearly been asked the same question many times ... so I need to wait 24 hours for the current account to be recognized.

Similar experience too think I will wait another day.

soulsaver

So finally got through to CS at c25 mins - after another 6 minutes wait while she checks with IT... and they decide it's cos' it was opened by them on Saturday, so 'it wouldn't be available until next working day...'

Me: Well,that's today, isn't it? 

CO CS: Waffle, waffle - Sorry... it's the day after the next working day. Try again tomorrow. 

Me: Impressive, not:  Applied Wednesday on line - and it takes the Co Op 6 days to process?
Also applied Wednesday online with YBS, opened and funded in 10 minutes... 

CO CS: Sorry.

So if you're in the same boat - save wasting your time phoning, wait until tomorrow.