Regular Savings Accounts: The Best Currently Available List!

allegro120

Emily_Joy said:

Lloyds: I have an RS maturing on 3rd of April. Based on others experience, am I likely to have it closed with interest paid this tax year without me doing anything, or should I try to close it manually to be on a safe side?

Mine matured on 5th March, the account was converted into Standard Saver on the 6th.  On my statement the interest was credited on the 5th, but I only had acces to it in the 6th.  If this is the standard procedure you should receive your interest this tax year.

tg99

surreysaver said:

tg99 said:

My TSB Monthly Saver matured and changed to Easy Access account in early hours of today (Wed). Trying now to open another and says sorry not eligible. I meet all the criteria so does it take a certain time - 24-48 hours? - before system properly updates and recognises previous one now matured?

When you say today, do you mean yesterday, as today is Thursday?

Yes it matured early hours of Wednesday. Just tried again now more than 24 hours later and same message that I’m not eligible. I switched away my Classic Plus but have the Spend & Save current account and meet the other requirements too. Guess I’ll have to ring them.

dealyboy

@allegro120 said:

@Emily_Joy said:

Lloyds: I have an RS maturing on 3rd of April. Based on others experience, am I likely to have it closed with interest paid this tax year without me doing anything, or should I try to close it manually to be on a safe side?

Mine matured on 5th March, the account was converted into Standard Saver on the 6th.  On my statement the interest was credited on the 5th, but I only had acces to it in the 6th.  If this is the standard procedure you should receive your interest this tax year.

Lloyds RS
 ... just to confirm what allegro said Emily, in fact my maturity was identical. You should receive a letter within the next 1-2 weeks outlining what your options are, you can then confirm what you want to happen; what allegro stated is the standard option so you should be fine.

pecunianonolet

Received my postal correspondence from Coop today about my regular saver and it states

"Your regular saver is a fixed term account for 12 months, paying a variable interest rate of 7.00% gross/AER"

So looks like they noticed the error and corrected it in their correspondence. Thought it might be helpful to others as some early birds received letters stating it different and being a fixed rate.

Gers

pecunianonolet said:

Received my postal correspondence from Coop today about my regular saver and it states

"Your regular saver is a fixed term account for 12 months, paying a variable interest rate of 7.00% gross/AER"

So looks like they noticed the error and corrected it in their correspondence. Thought it might be helpful to others as some early birds received letters stating it different and being a fixed rate.

Interesting!  My letter, dated 06 March states:

'Thanks for choosing to save with us and for making your initial deposit into your new Co-operative Bank Regular Saver paying a rate of 7.00% gross / AER." No reference to either fixed or variable rate.

Thnk that I'll scan and keep this letter until maturity.

pecunianonolet

Gers said:

pecunianonolet said:

Received my postal correspondence from Coop today about my regular saver and it states

"Your regular saver is a fixed term account for 12 months, paying a variable interest rate of 7.00% gross/AER"

So looks like they noticed the error and corrected it in their correspondence. Thought it might be helpful to others as some early birds received letters stating it different and being a fixed rate.

Interesting!  My letter, dated 06 March states:

'Thanks for choosing to save with us and for making your initial deposit into your new Co-operative Bank Regular Saver paying a rate of 7.00% gross / AER." No reference to either fixed or variable rate.

Thnk that I'll scan and keep this letter until maturity.

Must be a different letter as it looks like you made the deposit at opening. Mine is dated 9th of March (opened the reg saver on the 8th) and will make my deposit on the last possible day, which is the 9th of April, to move the interest into 25/26

csw5780

Gers said:

pecunianonolet said:

Received my postal correspondence from Coop today about my regular saver and it states

"Your regular saver is a fixed term account for 12 months, paying a variable interest rate of 7.00% gross/AER"

So looks like they noticed the error and corrected it in their correspondence. Thought it might be helpful to others as some early birds received letters stating it different and being a fixed rate.

Interesting!  My letter, dated 06 March states:

'Thanks for choosing to save with us and for making your initial deposit into your new Co-operative Bank Regular Saver paying a rate of 7.00% gross / AER." No reference to either fixed or variable rate.

Thnk that I'll scan and keep this letter until maturity.

 

Email received today!

trickydicky14

csw5780 said:

Gers said:

pecunianonolet said:

Received my postal correspondence from Coop today about my regular saver and it states

"Your regular saver is a fixed term account for 12 months, paying a variable interest rate of 7.00% gross/AER"

So looks like they noticed the error and corrected it in their correspondence. Thought it might be helpful to others as some early birds received letters stating it different and being a fixed rate.

Interesting!  My letter, dated 06 March states:

'Thanks for choosing to save with us and for making your initial deposit into your new Co-operative Bank Regular Saver paying a rate of 7.00% gross / AER." No reference to either fixed or variable rate.

Thnk that I'll scan and keep this letter until maturity.

 

Email received today!

Yes I just had the same email.

dealyboy

Co-op RS

... me too  ... they'll probably send me an e-mail in about three weeks time apologizing for calling me Carl ... at least your name isn't Spartacus @csw5780 ... only kidding they called me dealyboy haha.

PowerSavingMode

tg99 said:

My TSB Monthly Saver matured and changed to Easy Access account in early hours of today (Wed). Trying now to open another and says sorry not eligible. I meet all the criteria so does it take a certain time - 24-48 hours? - before system properly updates and recognises previous one now matured?

I had the same issues. Have now fixed. This might help:

Potential issue:

https://forums.moneysavingexpert.com/discussion/comment/80652130/#Comment_80652130

Potential fix:

https://forums.moneysavingexpert.com/discussion/comment/80661614/#Comment_80661614