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Regular Savings Accounts: The Best Currently Available List!

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  • ircE said:
    Co-op RS @ 7%
    Appreciate I'm late to the party here. I'm an existing Co-op Bank customer. Applied online for the RS on Sunday. It's now been 4 working days and still don't see the account in the app, nor have I received any communication except the initial confirmation of application email. Is this typical of others' experience? How long should I wait before calling them?
    From memory, I'm sure it did take a fair while for the saver to show up in the app. I'd probably wait another 1-2 working days and contact them if it doesn't show up, or for peace of mind do so tomorrow...
  • badger09
    badger09 Posts: 11,575 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    ircE said:
    Co-op RS @ 7%
    Appreciate I'm late to the party here. I'm an existing Co-op Bank customer. Applied online for the RS on Sunday. It's now been 4 working days and still don't see the account in the app, nor have I received any communication except the initial confirmation of application email. Is this typical of others' experience? How long should I wait before calling them?
    Also an existing customer & I had no problem opening the RS & seeing it in app within a couple of days. However there were several posts from people saying the account either didn’t open or didn't appear for ages. I’d probably call on Monday if it hasn’t appeared by then. 
  • allegro120
    allegro120 Posts: 1,864 Forumite
    1,000 Posts Second Anniversary Name Dropper
    I'm yet to fund the account. With it being one I've opened speculatively and the account term not beginning until the date of first deposit I decided to wait until later this month before sending my £1 across to it. It still shows in online banking and I've had an email recently reminding me to fund it though.
    I've deposited the full amount at the end of March and on 1st April and I'll leave it at £600 for now.  5.3% is not a good RS rate at present, but if all EAs in my collection go below 5% later this year it will make sense to catch up with this this account.   
  • Just opened a Halifax Regular Saver at 5.5%. 
    May be useful if rates go down. 
    Could anyone with the same Halifax Regular Saver confirm if a monthly Standing Order for an amount is MANDATORY. 
    I know I can top up monthly to £250 by bank transfer, but I’d prefer to pay the whole sum by bank transfer in one payment from an external account, without setting up a Halifax Standing Order.
    Many thanks for your collective wisdom and knowledge. 😀
    Digital Payback

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  • fonesaver said:
    Just opened a Halifax Regular Saver at 5.5%. 
    May be useful if rates go down. 
    Could anyone with the same Halifax Regular Saver confirm if a monthly Standing Order for an amount is MANDATORY. 
    I know I can top up monthly to £250 by bank transfer, but I’d prefer to pay the whole sum by bank transfer in one payment from an external account, without setting up a Halifax Standing Order.
    Many thanks for your collective wisdom and knowledge. 😀
    A standing order is not mandatory nor is a minimum monthly amount.
    Many thanks for that clarification. 
    Digital Payback

    The National Lottery : A tax on those who aren’t good at maths.
  • drphila
    drphila Posts: 334 Forumite
    Part of the Furniture 100 Posts Name Dropper
    liamcov said:
    Has the new Gatehouse account launched? Can you hold both regular saver accounts?
    Yes it has been launched. Their terms seem to be a little unclear about this point but I've just been able to open issue 2 of their regular saver a despite already holding issue 1. I've yet to fund issue 2 though.
    Hi @Bridlington1

    Have you funded Issue 2 without any issues yet? Now we're in a new tax year, its probably worth me opening some 5%+ regular savers now, and this one is on my list to open, but I've got an Issue 1 already 
    Their website does say
    "To apply for an account you must be at least 18 years old, a UK resident (or resident in the UK for tax purposes). Only individuals can open an account and only ONE Regular Saver account is allowed per person. Joint accounts are not permitted. When your account matures at the end of the 12 month term, you may open a new Regular Saver account, subject to availability at that time."
    Indeed. That's why I'm after knowing the experiences of those who have preceded me
    Maybe they meant ONE Regular Saver of the same issue? I don't know, but I've opened and funded issue 2, their system didn't stop me having two regular savers.

    Thanks for this.
    Definitely worth going for I think, though the statement on the account landing page is unambiguous:

    If you already hold the first version of this account, you cannot open this account.

  • jameseonline
    jameseonline Posts: 1,065 Forumite
    1,000 Posts First Anniversary Name Dropper
    fonesaver said:
    Just opened a Halifax Regular Saver at 5.5%. 
    May be useful if rates go down. 
    Could anyone with the same Halifax Regular Saver confirm if a monthly Standing Order for an amount is MANDATORY. 
    I know I can top up monthly to £250 by bank transfer, but I’d prefer to pay the whole sum by bank transfer in one payment from an external account, without setting up a Halifax Standing Order.
    Many thanks for your collective wisdom and knowledge. 😀
    A standing order is not mandatory nor is a minimum monthly amount.
    There must be a minimum amount as you can't skip months with Halifax according to the MSE Regular Savings page.

    But no there is no requirement to have a standing order.

    Most of my regulars are funded manually, only exception for me is First Direct I think 
  • pecunianonolet
    pecunianonolet Posts: 1,774 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    edited 7 April 2024 at 10:25PM
    Halifax Reg Saver opened by OH 12 months ago, paid in the first 2 months, better RS came about after so no further funding for the last 10 months. 2 month funding plus the interest on it to be available next week as per postal letter received confirmed.
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