Regular Savings Accounts: The Best Currently Available List!

adindas

TSB regular saver. Once you have an old RSA mature and become an easy saver could you renew or open the new one using the legacy TSB spend and Save Account. I just revisit my TSB account and when try to open a new RSA, I got the message as below. Is there any way to get or renew the RSA without the need to apply for a new spend and Save Account ? Thx

adindas

where_are_we said:

Bridlington - My Saffron 9% Members Month account matures June 5. You mentioned it will be replaced by an 8% Members Month account which is good news, although I presume the low £50 a month maximum deposit will continue.

I presume we will have to wait for the 9% version to mature before opening the new 8% one.

With Saffron Building Society just be aware, act quickly. As soon as your favourable RSA mature apply the new one asap, typically the will send you notification with form. You could either apply the new one or call them. If it is too late (one month i believe) this window is close and you can not get this saving account with favourable interest. I learn this in a hard way in the past.

Bridlington1

where_are_we said:

Bridlington - My Saffron 9% Members Month account matures June 5. You mentioned it will be replaced by an 8% Members Month account which is good news, although I presume the low £50 a month maximum deposit will continue.

I presume we will have to wait for the 9% version to mature before opening the new 8% one.

First of all it wasn't me that broke this particular piece of news so I shalln't take credit for something I didn't do.

You can't hold both the 8% and 9% version simultaneously but what you can do is give them maturity instructions now if you wanted to (I gave mine over the phone) and ask them to convert the 9% RS into the 8% one upon maturity, which will keep the same account number.

Whilst I'm here I've been told over the phone that the eligibility cut off date is set to remain exactly the same as last year (1/6/22) so those who were ineligible for the 9% RS last year due to the cut off date are going to be ineligible for the 8% one this year as well.

EDIT: I was given incorrect information, the eligibility cut off date is 1/6/23 and not 1/6/22. Apologies for the misinformation.

allegro120

adindas said:

TSB regular saver. Once you have an old RSA mature and become an easy saver could you renew or open the new one using the legacy TSB spend and Save Account. I just revisit my TSB account and when try to open a new RSA, I got the message as below. Is there any way to get or renew the RSA without the need to apply for a new spend and Save Account ? Thx

This doesn't look right. It's not renewable, but you should be able to open a new RS as soon as your old one matures and becomes Easy Saver. You don't need to open another current account in order to apply for Monthly Saver.  Call them and try to resolve this on the phone.

PowerSavingMode

adindas said:

TSB regular saver. Once you have an old RSA mature and become an easy saver could you renew or open the new one using the legacy TSB spend and Save Account. I just revisit my TSB account and when try to open a new RSA, I got the message as below. Is there any way to get or renew the RSA without the need to apply for a new spend and Save Account ? Thx

Something similar happened to me with TSB RSA earlier this year. After a LOT of research I found it was to do with having duplicate profiles (this tends to occur from previous accounts that have been opened). 

Try logging in with your other profile, IF you have one, and if that fails, I would contact TSB themselves about this anomaly.

soulsaver

allegro120 said:

adindas said:

TSB regular saver. Once you have an old RSA mature and become an easy saver could you renew or open the new one using the legacy TSB spend and Save Account. I just revisit my TSB account and when try to open a new RSA, I got the message as below. Is there any way to get or renew the RSA without the need to apply for a new spend and Save Account ? Thx

This doesn't look right. It's not renewable, but you should be able to open a new RS as soon as your old one matures and becomes Easy Saver. You don't need to open another current account in order to apply for Monthly Saver.  Call them and try to resolve this on the phone.

IME you can get the above message if there's a rejected/failed/aborted, usually old, application stuck in the system.
Only resolution is to call and explain that none of the listed circumstances applies to you.

allegro120

soulsaver said:

allegro120 said:

adindas said:

TSB regular saver. Once you have an old RSA mature and become an easy saver could you renew or open the new one using the legacy TSB spend and Save Account. I just revisit my TSB account and when try to open a new RSA, I got the message as below. Is there any way to get or renew the RSA without the need to apply for a new spend and Save Account ? Thx

This doesn't look right. It's not renewable, but you should be able to open a new RS as soon as your old one matures and becomes Easy Saver. You don't need to open another current account in order to apply for Monthly Saver.  Call them and try to resolve this on the phone.

IME you can get the above message if there's a rejected/failed/aborted, usually old, application stuck in the system.
Only resolution is to call and explain that none of the listed circumstances applies to you.

I got the same message once when I closed my account early and then cheekily attempted to open a new one before 12 months curfew ended. 

Johnny-Cage

Just received a letter to say my Club Lloyds regular monthly saver matures on the 4th June 
Is my understanding correct if I withdraw everything on the 4th once the interest is added and move it all elsewhere and close the account that no standard saver is opened and I am free to open a new RS the following day 

PowerSavingMode

Johnny-Cage said:

Just received a letter to say my Club Lloyds regular monthly saver matures on the 4th June 
Is my understanding correct if I withdraw everything on the 4th once the interest is added and move it all elsewhere and close the account that no standard saver is opened and I am free to open a new RS the following day 

 I believe you can 'renew' your existing Club Lloyds Monthly Saver now to an ordinary savings account (Club Lloyds Saver or Easy Saver) and then open a new Club Lloyds Monthly Saver. Or wait till the 4th. But, yes, to answer your question, you can.

jameseonline

Johnny-Cage said:

Just received a letter to say my Club Lloyds regular monthly saver matures on the 4th June 
Is my understanding correct if I withdraw everything on the 4th once the interest is added and move it all elsewhere and close the account that no standard saver is opened and I am free to open a new RS the following day 

They change the account to their standard saver, all the money paid in + interest will be in that account, you should then be free to open a new regular straight away/following day & you free to move money at any point.