Regular Savings Accounts: The Best Currently Available List!

Thomas_Crown

CuparLad said:

Principality Regular Saver 33

I had a letter from PBS the other day about this regular saver, where I had elected to close the RS at maturity and transfer funds to my current account. The letter states that "your funds wil be transferred to your nominated account on 9th June 2024." This seems unlikely bearing in mind the 9th is a Sunday. Does anyone have any experience of PBS accounts maturing over the weekend and whether they do pay out over the weekend, or next working day?

I've had several Regular Saver accounts with PBS in recent years. I can remember one RS maturing on a Saturday, with the funds landing in my nominated current account by 00.15hrs on the Sunday. However, when my last PBS RS account matured on a Saturday, the funds weren't in my current account until Monday.

jameseonline

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?

subjecttocontract

CuparLad said:

Principality Regular Saver 33

I had a letter from PBS the other day about this regular saver, where I had elected to close the RS at maturity and transfer funds to my current account. The letter states that "your funds wil be transferred to your nominated account on 9th June 2024." This seems unlikely bearing in mind the 9th is a Sunday. Does anyone have any experience of PBS accounts maturing over the weekend and whether they do pay out over the weekend, or next working day?

Mine matures on 15th June and they have told me they will be paying the proceeds into my nominated account on 15th June ( a Saturday).........so that's exactly what I'm expecting.

Bridlington1

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. 

qbadger

Did you need to include certified copy of your ID with the application pack for the branch saver?

10_66

qbadger said:

Did you need to include certified copy of your ID with the application pack for the branch saver?

Re Progressive; I rang them a week or so ago, and they confirmed they definitely will not do electronic ID checks, only certified copies.  Unfortunately, I'd have to pay for certified copies (Bridlington1 said a while back that they have access to free certified copies).

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.