Regular Savings Accounts: The Best Currently Available List!

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

simonsmithsays

E_zroda said:

Not Carl too?trickydicky14 said:

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.

Same old Coop.

Just dreadful IMO

subjecttocontract

simonsmithsays said:

E_zroda said:

Not Carl too?trickydicky14 said:

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.

Same old Coop.

Just dreadful IMO

Nothing dreadful about a 7% interest rate. What the hell does it matter what the email says, we know it's variable. Doubt I'll bother to look at any correspondence and just forget about the Co-Op for 12 months until I'm able to collect the proceeds.

dcs34

Yes in practise this is only an issue if (when) they try to lower the rates.

One could argue their email stating this has no impact on us does sort of imply that there is no impact of the rate being variable, not fixed, suggesting they don't plan to drop the rates; i.e. their statement that I've "not been financially impacted in any way" won't be true if they do later decide to make it have a financial impact.