Regular Savings Accounts: The Best Currently Available List!

ThePirates

Opened the Skipton FA Save using the link above and deposited £50 by Debit Card.
Interest rate showing as 3.8%, I guess this is standard until the funds clear?

Bridlington1

Coventry Loyalty RS at 6.75% has disappeared from moneyfacts suggesting it is about to go NLA.

jameseonline

Kim_13 said:

jameseonline said:

Kim_13 said:

jameseonline said:

trickydicky14 said:

jameseonline said:

trickydicky14 said:

Just spoken to Saffron regarding my regular saver and maturity, was told as of today they have a new one you can now open with the same T&C's as before, £50 per month but the interest rate is now 8%

Interesting because I'm sure June is Members Month & we still in May.

Nothing on website about that new account either.

I'm guessing someone told you slightly wrong information as in you can't apply for it now but also leaked future information, so the information for the new account will be £50 a month @ 8% and that should launch in June when the current 9% one ends give or take a few days

My mistake, it starts in June @ 8%. CS said they would take £50 out of my old regular saver and set it up for me with the same account number.

Ahh so product switch I'm guessing 

Wondering how to go about this now. As it hasn’t really been announced yet, bar the sentence in the maturity pack, I wouldn’t be surprised if responses to requests to do this varied depending on the CS agent.

Checking on their website earlier I found a message that they are closed for staff training tomorrow.

Well if it's not members month yet I imagine you'll have to wait until it is & the product has been launched like everyone else and apply for it on website/in branch🙄😏

I guess you can call up/go in branch and give them instruction to take £50 out of an existing account (eg the current members month @ 9% which hasn't even ended yet & you'll still probably want to give them instruction as what to do with the remaining money if so, unless happy going into a 2% maturity) for when the time comes.

Of course - though one poster seems to have been able to give advance instruction for this - perhaps meaning having £575 ish unnecessarily earning 2% for 3 days (as the account matures on 31st but I can’t see the replacement launching before the first working day of June which is the 3rd) and relying on such instructions being actioned without a further call/secure message/branch visit being necessary.

I was mainly mulling over whether to submit an instruction at all, as asking them to leave £50 in the maturity account and forward the remainder to a current account or an Easy Access (in preparation for requesting a product switch upon launch seems odd.) Though perhaps the most MSE way would be to ask to withdraw all but £1, request product switch and then add £49 once the switch had been actioned.

I suppose part of it depends on whether the account matures at 00:00 on 31st May (in which case I would internal transfer to an EA myself and then use the majority of the funds during June’s funding round robin) or at 23:59, in which case the money would be earning 2% until at least the 3rd. If their online maturity portal is new, perhaps the process will be more/less efficient than any previous experiences.

In some ways a straightforward maturity instruction and opening the upcoming Members’ Month Saver as a new account would be easier.

I'm confused, £600 is the max deposit, Interest is about £20 isn't it?.

My instructions for Saffron are always to put into my Saffron Eaay Access Account ( E Saver 20 @ 4.70% a month I think), then I can instruct them to pay my nominated account from that, so any money from accounts that I close or have reached maturity go there rather than have a unnecessary 2% account I can't pay into or need.

My main point was nothing is going to be actioned until the old account has matured & the new version is live so it doesn't really matter if you give them instructions now or you apply on website or in branch yourself.

My 9% account matures 5th June

flaneurs_lobster

ThePirates said:

Opened the Skipton FA Save using the link above and deposited £50 by Debit Card.
Interest rate showing as 3.8%, I guess this is standard until the funds clear?

Correct   .

gt94sss2

For anyone who has a Start to Save Issue 2 account, Nationwide have emailed me to say on maturity it will change a "Continue to Save" instant access account that pays just 2.5%

friolento

gt94sss2 said:

For anyone who has a Start to Save Issue 2 account, Nationwide have emailed me to say on maturity it will change a "Continue to Save" instant access account that pays just 2.5%

".....exclusively for our members who have a maturing Start to Save account....."

This made me LOL. Nationwide must think they can take us for fools. Even their own, non-exclusive, FlexSaver pays 3.25% - which is still entirely uncompetitive but better than the 'exclusive' offer.

Wheres_My_Cashback

jameseonline said:

Kim_13 said:

jameseonline said:

Kim_13 said:

jameseonline said:

trickydicky14 said:

jameseonline said:

trickydicky14 said:

Just spoken to Saffron regarding my regular saver and maturity, was told as of today they have a new one you can now open with the same T&C's as before, £50 per month but the interest rate is now 8%

Interesting because I'm sure June is Members Month & we still in May.

Nothing on website about that new account either.

I'm guessing someone told you slightly wrong information as in you can't apply for it now but also leaked future information, so the information for the new account will be £50 a month @ 8% and that should launch in June when the current 9% one ends give or take a few days

My mistake, it starts in June @ 8%. CS said they would take £50 out of my old regular saver and set it up for me with the same account number.

Ahh so product switch I'm guessing 

Wondering how to go about this now. As it hasn’t really been announced yet, bar the sentence in the maturity pack, I wouldn’t be surprised if responses to requests to do this varied depending on the CS agent.

Checking on their website earlier I found a message that they are closed for staff training tomorrow.

Well if it's not members month yet I imagine you'll have to wait until it is & the product has been launched like everyone else and apply for it on website/in branch🙄😏

I guess you can call up/go in branch and give them instruction to take £50 out of an existing account (eg the current members month @ 9% which hasn't even ended yet & you'll still probably want to give them instruction as what to do with the remaining money if so, unless happy going into a 2% maturity) for when the time comes.

Of course - though one poster seems to have been able to give advance instruction for this - perhaps meaning having £575 ish unnecessarily earning 2% for 3 days (as the account matures on 31st but I can’t see the replacement launching before the first working day of June which is the 3rd) and relying on such instructions being actioned without a further call/secure message/branch visit being necessary.

I was mainly mulling over whether to submit an instruction at all, as asking them to leave £50 in the maturity account and forward the remainder to a current account or an Easy Access (in preparation for requesting a product switch upon launch seems odd.) Though perhaps the most MSE way would be to ask to withdraw all but £1, request product switch and then add £49 once the switch had been actioned.

I suppose part of it depends on whether the account matures at 00:00 on 31st May (in which case I would internal transfer to an EA myself and then use the majority of the funds during June’s funding round robin) or at 23:59, in which case the money would be earning 2% until at least the 3rd. If their online maturity portal is new, perhaps the process will be more/less efficient than any previous experiences.

In some ways a straightforward maturity instruction and opening the upcoming Members’ Month Saver as a new account would be easier.

I'm confused, £600 is the max deposit, Interest is about £20 isn't it?.

My instructions for Saffron are always to put into my Saffron Eaay Access Account ( E Saver 20 @ 4.70% a month I think), then I can instruct them to pay my nominated account from that, so any money from accounts that I close or have reached maturity go there rather than have a unnecessary 2% account I can't pay into or need.

My main point was nothing is going to be actioned until the old account has matured & the new version is live so it doesn't really matter if you give them instructions now or you apply on website or in branch yourself.

My 9% account matures 5th June

Interest should be around £29.

happybagger

gt94sss2 said:

For anyone who has a Start to Save Issue 2 account, Nationwide have emailed me to say on maturity it will change a "Continue to Save" instant access account that pays just 2.5%

And the new trend for not giving any indication in the email about the maturing account where the terms are rubbish, rather to make you click on the link, continues.
Needing to save up some pounds to pay for VM methinks, with VM getting in on rate reduction emails on the same day.
Minimal amount going to the Triple Access account just to maintain membership here

jameseonline

friolento said:

gt94sss2 said:

For anyone who has a Start to Save Issue 2 account, Nationwide have emailed me to say on maturity it will change a "Continue to Save" instant access account that pays just 2.5%

".....exclusively for our members who have a maturing Start to Save account....."

This made me LOL. Nationwide must think they can take us for fools. Even their own, non-exclusive, FlexSaver pays 3.25% - which is still entirely uncompetitive but better than the 'exclusive' offer.

It gets worse, the 2.5% account has a 5K deposit limit😁🤷🤣😂

kaMelo

jameseonline said:

friolento said:

gt94sss2 said:

For anyone who has a Start to Save Issue 2 account, Nationwide have emailed me to say on maturity it will change a "Continue to Save" instant access account that pays just 2.5%

".....exclusively for our members who have a maturing Start to Save account....."

This made me LOL. Nationwide must think they can take us for fools. Even their own, non-exclusive, FlexSaver pays 3.25% - which is still entirely uncompetitive but better than the 'exclusive' offer.

It gets worse, the 2.5% account has a 5K deposit limit😁🤷🤣😂

jameseonline said:

friolento said:

gt94sss2 said:

For anyone who has a Start to Save Issue 2 account, Nationwide have emailed me to say on maturity it will change a "Continue to Save" instant access account that pays just 2.5%

".....exclusively for our members who have a maturing Start to Save account....."

This made me LOL. Nationwide must think they can take us for fools. Even their own, non-exclusive, FlexSaver pays 3.25% - which is still entirely uncompetitive but better than the 'exclusive' offer.

It gets worse, the 2.5% account has a 5K deposit limit😁🤷🤣😂

Whilst the rate is shocking and everyone should empty the account quickly, the limit on deposits shouldn't matter as no one will have anywhere near that amount in their start 2 save.