Regular Savings Accounts: The Best Currently Available List!

etienneg

DJDools said:

etienneg said:

If two people have a joint current account with Co-operative Bank, can each of them have a sole regular savings account, or can they only have one joint regular savings account?

Yes. Me and my (slightly) better half have a joint bank a/c, and two separate sole regular savings as well as a joint regular saver.

That's interesting. This is from their own web site:

• You can only have one Regular Saver account of the same issue at any one time – if you have a joint Regular Saver, you cannot open one on your own

kaMelo

I think they were referring to this bit.

DJDools said:

etienneg said:

If two people have a joint current account with Co-operative Bank, can each of them have a sole regular savings account, or can they only have one joint regular savings account?

Yes. Me and my (slightly) better half have a joint bank a/c, and two separate sole regular savings as well as a joint regular saver.

Which contradicts the terms.

PowerSavingMode

kaMelo said:

I think they were referring to this bit.

DJDools said:

etienneg said:

If two people have a joint current account with Co-operative Bank, can each of them have a sole regular savings account, or can they only have one joint regular savings account?

Yes. Me and my (slightly) better half have a joint bank a/c, and two separate sole regular savings as well as a joint regular saver.

Which contradicts the terms.

So sorry, I should have noted the early hour of the day (after midnight) when I responded; I was mistaken and thinking of the Nationwide. It has been a VERY long and hard months so far, so I shall refrain from answering questions if I find myself in such a situation again. Many apologies.

WillPS

If you have a joint regular saver, you can't also open a sole one.

I see nothing to prevent both joint current account holders each opening sole regular savers tho.

bridie925

Im with Chase banking and they recently sent an email to say that their saver account interest rate is going up to 5.1% easy access account and you get cashback for the first year with just a normal account too. 

WillPS

bridie925 said:

Im with Chase banking and they recently sent an email to say that their saver account interest rate is going up to 5.1% easy access account and you get cashback for the first year with just a normal account too. 

There's a thread about it here: https://forums.moneysavingexpert.com/discussion/6519410/chase-5-1-saver-account-1-boost-until-january-updated

To bring back around to relevance to this thread, the Chase savings account is one of the few I've found that let you set up scheduled repeatable payments (i.e. Standing Orders, but paid 365 days a year rather than working days only). It's a great choice for drip-feeding.

jameseonline

My Principality 33 Regular matured today, requested closure of the new maturity account and funds to be transferred to my Virgin account.

£3095.12 total.

Wouldn't let me transfer the whole amount out which seems stupid so had to close it, like Principality know you going to get a few pence in interest so why make things more difficult than they need to be?, guess the only other option would be depositing £1(or amount to get it up to the next £1) or something then trying to get the few pence out?

Anyway what I did find strange when I logged in was it said faster payments are scheduled for maintenance on Saturday so be done on Sunday.

Does that mean Principality side or for everyone?

subjecttocontract

If you already requested closure & transfer of the balance to your Virgin account why are you trying to transfer the money yourself ? I don't understand.

jameseonline

subjecttocontract said:

If you already requested closure & transfer of the balance to your Virgin account why are you trying to transfer the money yourself ? I don't understand.

I tried to transfer the money out 1st THEN opted for closing the maturity account 

PloughmansLunch

My Principality 33 was due to mature today too and have the above FP message, but I now only have the £50 p/m HH saver and £125 Xmas saver left in my accounts list (~£1k total) as I’d already submitted maturity instructions. I’m sure it’s sat waiting to go out somewhere so not worried. 

I only needed a small slice of it today anyway to feed my Coventry Loyalty RS, but can’t remember if weekend payments to Coventry are deposited there and then or will be counted as being received on Monday - does anyone know if I should raid another account today to make the contribution or just wait til next working day?