Regular Savings Accounts: The Best Currently Available List!

RosieRooBear

@Bobblehat, you can use my proof too if needed, or at least quote it 😊

surreysaver

BestSeagull said:

My TSB regular saver has matured and I'm thinking about opening a new one. I seem to remember some of you saying you had managed to fund yours manually even though the terms and conditions dictate that it needs to be funded by standing order. I'd much prefer to do it manually if possible.
Can anyone confirm? 

I fund mine manually. The previous Regular Saver I had with TSB set up two standing orders, and TSB blamed me when one failed even though it was their computer systems that caused it

surreysaver

Descrabled said:

TSB RS

I can confirm that, notwithstanding T&C, you can and I do fund this account manually from a TSB account, but you need to set up a new payee in the TSB current account. Additionally, you can fund the RS from an external current account by faster payments and/or standing order.

With mine I can just do an internal transfer. But then TSB computer systems are weird. I have three current accounts with them - two are viewable in the app, but one isn't. 

Bobblehat

surreysaver said:

BestSeagull said:

My TSB regular saver has matured and I'm thinking about opening a new one. I seem to remember some of you saying you had managed to fund yours manually even though the terms and conditions dictate that it needs to be funded by standing order. I'd much prefer to do it manually if possible.
Can anyone confirm? 

I fund mine manually. The previous Regular Saver I had with TSB set up two standing orders, and TSB blamed me when one failed even though it was their computer systems that caused it

A tactic I might switch to myself, if Skipton repeat their latest glitch next month!

PloughmansLunch

ChewyyBacca said:

Has anybody opened a Co-Op Cashminder account and then successfully opened the 7% Regular saver with Co-op?
T&Cs of RS on the website says Cashminder current account is acceptable, but someone on the forum got rejected for RS, saying Cashminder acct is not acceptable.

Anyone else has got a different experience?

Yes - I’ve had emails and letters in the post confirming the account details so both are technically open, but have left them unfunded for now as I’m unable to register for online banking. I’m a new customer but my accounts are locked before I’ve even chosen a password for some reason, and an hour and a quarter on the phone for co-op CS to attempt to rectify was a complete waste of time. 

dealyboy

@PloughmansLunch said:

ChewyyBacca said:

Has anybody opened a Co-Op Cashminder account and then successfully opened the 7% Regular saver with Co-op?
T&Cs of RS on the website says Cashminder current account is acceptable, but someone on the forum got rejected for RS, saying Cashminder acct is not acceptable.

Anyone else has got a different experience?

Yes - I’ve had emails and letters in the post confirming the account details so both are technically open, but have left them unfunded for now as I’m unable to register for online banking. I’m a new customer but my accounts are locked before I’ve even chosen a password for some reason, and an hour and a quarter on the phone for co-op CS to attempt to rectify was a complete waste of time. 

Co-op RS

Hi Ploughmans ... What actually happens when you try to register? I must have tried about a dozen times before it actually worked.

PloughmansLunch

dealyboy said:

@PloughmansLunch said:

ChewyyBacca said:

Has anybody opened a Co-Op Cashminder account and then successfully opened the 7% Regular saver with Co-op?
T&Cs of RS on the website says Cashminder current account is acceptable, but someone on the forum got rejected for RS, saying Cashminder acct is not acceptable.

Anyone else has got a different experience?

Yes - I’ve had emails and letters in the post confirming the account details so both are technically open, but have left them unfunded for now as I’m unable to register for online banking. I’m a new customer but my accounts are locked before I’ve even chosen a password for some reason, and an hour and a quarter on the phone for co-op CS to attempt to rectify was a complete waste of time. 

Co-op RS

Hi Ploughmans ... What actually happens when you try to register? I must have tried about a dozen times before it actually worked.

I get his message below, and I can’t face a hour+ of that hold music again. Unless my name or date of birth has changed without my knowledge I’m stumped, as the only other details needed are right there in front of me on the card. It doesn’t work if I use the RS details either

Bridlington1

For those with the NLA Tipton & Coseley regular savers that were available last year. The terms state that if you miss 3 deposits the account will convert into an EA maturity saver. Just a heads up on the timescales involved:

I missed the deposits for December, January and February. The regular savers converted into easy access maturity savers in line with he Ts&Cs on Friday afternoon (1/3/24), the change of account type didn't result in them paying the accrued interest upon account conversion.

I've found you can't make withdrawals/closure using the transfers section in the app despite them saying it should be possible and they won't let you make withdrawals/closure over the phone so I had to send them a message in the app to get the funds out of the account. I sent them a message yesterday morning requesting that one account is closed and the balance on the other is withdrawn to £100, they actioned this later that day, with the funds arriving in my nominated account earlier today.

SFindlay

Bridlington1 said:

For those with the NLA Tipton & Coseley regular savers that were available last year. The terms state that if you miss 3 deposits the account will convert into an EA maturity saver. Just a heads up on the timescales involved:

I missed the deposits for December, January and February. The regular savers converted into easy access maturity savers in line with he Ts&Cs on Friday afternoon (1/3/24), the change of account type didn't result in them paying the accrued interest upon account conversion.

I've found you can't make withdrawals/closure using the transfers section in the app despite them saying it should be possible and they won't let you make withdrawals/closure over the phone so I had to send them a message in the app to get the funds out of the account. I sent them a message yesterday morning requesting that one account is closed and the balance on the other is withdrawn to £100, they actioned this later that day, with the funds arriving in my nominated account earlier today.

Good to know as I'm doing the same, missed Jan, Feb and March. You say they didn't pay accrued interest when account changed to easy access but was it paid when you reduced balance to £100 and closed the other? 

Bridlington1

SFindlay said:

Bridlington1 said:

For those with the NLA Tipton & Coseley regular savers that were available last year. The terms state that if you miss 3 deposits the account will convert into an EA maturity saver. Just a heads up on the timescales involved:

I missed the deposits for December, January and February. The regular savers converted into easy access maturity savers in line with he Ts&Cs on Friday afternoon (1/3/24), the change of account type didn't result in them paying the accrued interest upon account conversion.

I've found you can't make withdrawals/closure using the transfers section in the app despite them saying it should be possible and they won't let you make withdrawals/closure over the phone so I had to send them a message in the app to get the funds out of the account. I sent them a message yesterday morning requesting that one account is closed and the balance on the other is withdrawn to £100, they actioned this later that day, with the funds arriving in my nominated account earlier today.

Good to know as I'm doing the same, missed Jan, Feb and March. You say they didn't pay accrued interest when account changed to easy access but was it paid when you reduced balance to £100 and closed the other? 

They paid interest on the account that I closed upon closure. They haven't paid the interest on the one that I just reduced to £100 though so if you wanted to unlock the interest you'd need to close the account.