Regular Savings Accounts: The Best Currently Available List!

Bridlington1

Bridlington1 said:

Once funds have arrived from my Skipton MBS I'll make a deposit into the account by faster payment so should be able to give an indication as to how quick deposits are in due course. One other thing to note is that you can also make deposits into this account by debit card if you wish. 

I sent my opening deposit at about 9am, I've just logged into online banking and the funds have arrived so funds seem to arrive pretty quickly considering you have to give your account number as a reference.

EDIT:
The option to set a nominated account for withdrawals appears once you've made your initial deposit.

schiff

Monmouthshire BS as usual take two days to register faster payments into the regular savers. They are the worst.
However, in my statement of affairs letter recently received, they announce that they are proposing an app. 
It may take time but at least it's something positive. Hope springs eternal!

pecunianonolet

Monmouthshire BS are just very slow but try to help and are not as useless as Coop. OH and I applied for their regular saver early March, mine was showing in the app within 2-3 days and I started funding in early April, so interest payment falls into the next financial year.

OH had nothing opened, tried to complain and been told a complaint was raised. When following up on progress it turned out it was never raised in the first place so it took some time to get an official complaint open. Upon following up the only response was that they have 8 weeks to respond. 

Still don't understand in the slightest why Coventry BS is interested to buy this sinking ship of Coop bank.

drphila

Bridlington1 said:

Regarding the Progressive BS Online Regular Rainy Day Saver Account at 7%, just to give anyone who may be interested an indication as to the timescales/processes involved:

I requested an application pack for the Branch Instant Access Saver be sent to me on 23rd May, this arrived the next day with a prepaid envelope. I completed this and sent it off the same day. I telephoned Progressive BS yesterday evening to see if there was an update on my application, they said the account had been opened the day before (4th June).

I've just opened the Rainy Day Saver online. The application/online banking registration process was pretty straightforward in my case, it was just a case of say that I'm an existing member (I didn't need my existing account number for this), fill in a few details, upload a photo of my passport and take a selfie (can all be done on a laptop), which were verified there and then. From there I could generate a password and open the account immediately.

With regards to the authenticator app, I was given the option to instead receive OTPs via WhatsApp rather than bothering with the authenticator app. If you choose the WhatsApp option it seems to just send SMS messages directly to your mobile phone.

Once funds have arrived from my Skipton MBS I'll make a deposit into the account by faster payment so should be able to give an indication as to how quick deposits are in due course. One other thing to note is that you can also make deposits into this account by debit card if you wish. 

Just finished opening and funding mine.

Used original copies of council tax, bank statement and benefit letter to open the pre-requisite branch instant access saver to become a member. In my case sent downloaded application form on 25th May and got passbook on 5th June

On-line registration was a bit more tricky for me re the ID verification. It kept timing out so my suggestion is to have a photo of your driving licence/passport ready before you start.

Interesting about 2FA. Didn't choose whatsapp because use different number for that but if they send it by SMS I needn't have bothered with an authenticator app.

t1redmonkey

schiff said:

Monmouthshire BS as usual take two days to register faster payments into the regular savers. They are the worst.
However, in my statement of affairs letter recently received, they announce that they are proposing an app. 
It may take time but at least it's something positive. Hope springs eternal!

They told me in April 2023 they were developing an app that they were hoping to release by end of that year, but nothing materialised.  Hopefully they are closer to finishing it now though if you've seen it mentioned elsewhere.

https://forums.moneysavingexpert.com/discussion/comment/80012577#Comment_80012577

Bridlington1

drphila said:

Bridlington1 said:

Regarding the Progressive BS Online Regular Rainy Day Saver Account at 7%, just to give anyone who may be interested an indication as to the timescales/processes involved:

I requested an application pack for the Branch Instant Access Saver be sent to me on 23rd May, this arrived the next day with a prepaid envelope. I completed this and sent it off the same day. I telephoned Progressive BS yesterday evening to see if there was an update on my application, they said the account had been opened the day before (4th June).

I've just opened the Rainy Day Saver online. The application/online banking registration process was pretty straightforward in my case, it was just a case of say that I'm an existing member (I didn't need my existing account number for this), fill in a few details, upload a photo of my passport and take a selfie (can all be done on a laptop), which were verified there and then. From there I could generate a password and open the account immediately.

With regards to the authenticator app, I was given the option to instead receive OTPs via WhatsApp rather than bothering with the authenticator app. If you choose the WhatsApp option it seems to just send SMS messages directly to your mobile phone.

Once funds have arrived from my Skipton MBS I'll make a deposit into the account by faster payment so should be able to give an indication as to how quick deposits are in due course. One other thing to note is that you can also make deposits into this account by debit card if you wish. 

Interesting about 2FA. Didn't choose whatsapp because use different number for that but if they send it by SMS I needn't have bothered with an authenticator app.

On this point you can change your authentication method in online banking if you wish (go to your name on the top RHS of the screen, click ``profile" and there should be an option to edit your details). I haven't tried this myself as my phone can be a bit hit and miss regarding which apps are compatible with it, plus I have too many financial apps on there already so my phone does tend to run low on memory.

jameseonline

jameseonline said:

jameseonline said:

jameseonline said:

Just checked my Saffron app, Maturity Manager showing up for my 9% Members Month account, shows up with my instruction to go into my Easy Access Saffron account and the amount on 5th June will be £629.75 in total.😊🙂

My account has matured today, £629.75 as stated by maturity manager & transferred to my Saffron Easy Access as instructed, also requested a payout from said account to my nominated account, hopefully that will turn up in a few hours.

Guess next step is to open the new 8% version 😁

Got my money in my nominated account, filled application earlier this evening, got a reference number, maybe they will open it tomorrow?

I just called them, it's a nominated account/COP issue, in other words they have issues with my Virgin account but as it's on their system from before they've gone ahead and now opened the account.

I've had issues having Virgin being a nominated account before with other providers, I've even tried getting answers before from Virgin and they don't have a clue.

Ahh well.

orange-juice

I've got money locked away in the Beehive Online Fixed Regular Saver (6.00%). My first deposit was made on the 27th of June, which I would guess was the opening date. However, the maturity date on  online banking is shown as 27 July, which suggests it's a 13 month term account? Bit strange but waiting impatiently for maturity communications.

fonesaver

orange-juice said:

I've got money locked away in the Beehive Online Fixed Regular Saver (6.00%). My first deposit was made on the 27th of June, which I would guess was the opening date. However, the maturity date on  online banking is shown as 27 July, which suggests it's a 13 month term account? Bit strange but waiting impatiently for maturity communications.

The maximum balance is £3500 and on the UK Saver week RS it's £3250.

Wheres_My_Cashback

orange-juice said:

I've got money locked away in the Beehive Online Fixed Regular Saver (6.00%). My first deposit was made on the 27th of June, which I would guess was the opening date. However, the maturity date on  online banking is shown as 27 July, which suggests it's a 13 month term account? Bit strange but waiting impatiently for maturity communications.

Matures 31/07 and as already stated £3500