Regular Savings Accounts: The Best Currently Available List!

Aidanmc

Just checking i'm correct, there are no withdrawal restrictions on the Coventry First Home Saver?

PloughmansLunch

Aidanmc said:

Just checking i'm correct, there are no withdrawal restrictions on the Coventry First Home Saver?

Depends which flavour you have - the 2nd issue has a 60 day notice

janusdesign

PloughmansLunch said:

Aidanmc said:

Just checking i'm correct, there are no withdrawal restrictions on the Coventry First Home Saver?

Depends which flavour you have - the 2nd issue has a 60 day notice

or if needed instantly, a charge of 60 days interest... if memory serves, the 1st issue was a lot more flexible.

dingling68

soulsaver said:

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.

I have had the same emails about the regular saver and still waiting for my savings account to show online. Will see what tomorrow brings, thank you for the update

Stargunner

JamesRobinson48 said:

TBH, I'm glad I didn't go for the Co-op Bank RS, and I have no other Co-op Bank products. This is one of the banks that I've avoided all engagement with for many years, and it would take a whole lot more than a 7% RS to change my mind.

They launched the £150 CA switch offer, which was enough to tempt me to join them and I have also opened the RS. It doesn’t matter to me that they are ridiculously slow in getting accounts opened snd visible in the app, because the RS will still run for 12 months from when I fund it.

simonsmithsays

JamesRobinson48 said:

TBH, I'm glad I didn't go for the Co-op Bank RS, and I have no other Co-op Bank products. This is one of the banks that I've avoided all engagement with for many years, and it would take a whole lot more than a 7% RS to change my mind.

Likewise

Scores of accounts here but Coop isn't one I'll ever touch again.

Them, Scottish Building Society and Punjabi National Bank all have the same level of incompetence IMO

E_zroda

simonsmithsays said:

JamesRobinson48 said:

TBH, I'm glad I didn't go for the Co-op Bank RS, and I have no other Co-op Bank products. This is one of the banks that I've avoided all engagement with for many years, and it would take a whole lot more than a 7% RS to change my mind.

Likewise

Scores of accounts here but Coop isn't one I'll ever touch again.

Them, Scottish Building Society and Punjabi National Bank all have the same level of incompetence IMO

Whatever you say about Co-op, I will forever fondly remember their Children Bonus Saver (each year until they were 18 my kids received £10 for simply keeping it open with £50 in it). This RS could be a bit of faff to set-up, but its flexibility IMHO will reward the effort. If only it was fixed rather than variable rate......

p.s. that lasted until 2023, it was not last century stuff

Aidanmc

PloughmansLunch said:

Aidanmc said:

Just checking i'm correct, there are no withdrawal restrictions on the Coventry First Home Saver?

Depends which flavour you have - the 2nd issue has a 60 day notice

I believe its the first issue, currently 5.6%

Was just thinking, might need to withdraw some to fund some other higher interest RS's

Speculator

Aidanmc said:

PloughmansLunch said:

Aidanmc said:

Just checking i'm correct, there are no withdrawal restrictions on the Coventry First Home Saver?

Depends which flavour you have - the 2nd issue has a 60 day notice

I believe its the first issue, currently 5.6%

Was just thinking, might need to withdraw some to fund some other higher interest RS's

Yes, no withdrawal limits.

Have made multiple withdrawals already with no penalty.

friolento

Hooray, COOP RS now visible online/ in app. Funded mine.