Regular Savings Accounts: The Best Currently Available List!

MarkFromCornwall

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?

TSB won't have closed the Monthly Saver, so unless you've closed it the account remains open and you can continue to pay in for another year.

EDIT / CORRECTION / APOLOGY

Sorry, please ignore my post: I was mixing up TSB and Halifax.

jameseonline

Coventry still doing the weird monthly payment thing then?, it's the only one that seems to do it for me.

As for a 30 day interest penalty they did that when I had their standard regular Saver ages ago, wasn't that bothered about it as at least I got some interest plus what I put in

jameseonline

MarkFromCornwall 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?

TSB won't have closed the Monthly Saver, so unless you've closed it the account remains open and you can continue to pay in for another year.

TSB Monthly Saver is only available for a year to my knowledge, so not sure what you mean by pay in for another year.

Poster said it changed to an Easy Access because of maturity. 

Easy Access you can pay in whenever you want, take out whenever you want with no limits (in theory)

I'm reading that the poster wants to open a new Monthly Saver account in which case it can take a day or so for the system to let you apply for a new version but shouldn't take any longer, if you have any issues after that all you can really do is contact TSB.

friolento

jameseonline said:

Coventry still doing the weird monthly payment thing then?, it's the only one that seems to do it for me.

First Direct is the same. Most others go by calendar month.

MarkFromCornwall

jameseonline said:

TSB Monthly Saver is only available for a year to my knowledge, so not sure what you mean by pay in for another year.

I based my comment on this line in my Halifax Regular Saver maturity letter:  "Your Regular Saver will reach its anniversary on 13th March 2024...  Your Regular Saver will automatically renew for another year and you can continue to make monthly payments into it."

jameseonline said:

Poster said it changed to an Easy Access because of maturity. 

Or perhaps the Regular Saver remained open and an additional Instant Saver account was opened and the funds from the Regular Saver's first year were moved into this Instant Saver account.

EDIT / CORRECTION / APOLOGY

Sorry.  Please ignore my comment as I was mixing up Halifax and TSB.

jameseonline

friolento said:

jameseonline said:

Coventry still doing the weird monthly payment thing then?, it's the only one that seems to do it for me.

First Direct is the same. Most others go by calendar month.

Yea😌, always at least 1 that has to put a spanner in the works🤣

CuparLad

MarkFromCornwall said:

I based my comment on this line in my Halifax Regular Saver maturity letter:  "Your Regular Saver will reach its anniversary on 13th March 2024...  Your Regular Saver will automatically renew for another year and you can continue to make monthly payments into it."

This was what my letter said too - renew. But when I tried to put £250 in the following day (when the old funds had transferred out), the app advised I had already subscribed fully for this month. Renew suggests starting again, but it seems as though I have to wait until 1st April

Bridlington1

jameseonline said:

friolento said:

jameseonline said:

Coventry still doing the weird monthly payment thing then?, it's the only one that seems to do it for me.

First Direct is the same. Most others go by calendar month.

Yea😌, always at least 1 that has to put a spanner in the works🤣

Make that three spanners. HSBC and Santander go by account month as well.

soulsaver

Bridlington1 said:

jameseonline said:

friolento said:

jameseonline said:

Coventry still doing the weird monthly payment thing then?, it's the only one that seems to do it for me.

First Direct is the same. Most others go by calendar month.

Yea😌, always at least 1 that has to put a spanner in the works🤣

Make that three spanners. HSBC and Santander go by account month as well.

Morphed into the spanner thread..?

ForumUser7

Shame Coventry doesn’t allow us to open accounts in app. Just went on there to try and open the loyalty RS and there was no option.