Regular Savings Accounts: The Best Currently Available List!

KneadtheDough

allegro120 said:

DJDools said:

Kim_13 said:

...For those having to transact by post, opening the account hasn’t made sense for some time. 

This is why I have been paying in the minimum monthly payment to the Hinckley & Rugby BS Regular Saver 30 Day Notice — it is such a faff to eventually get your money out (single withdrawal, or closure); it is for me, at least.

I remember closing this account when they reduced the rate (they waived the notice).  I had to write and post a letter asking to close the account and received cheque by post, took about a week until money appeared in my bank account.  Very outdated practice.

Yes, that's what I mean...very archaic and slow. I had to send a message giving the required 30 days' notice to withdraw, and then I had to physically post a request to Hinckley & Rugby to withdraw X amount, and after a bit of toing and froing and passbooks going hither and dither, a cheque finally arrived. Far too stretched out.

jaypers

For anyone with the Beehive RS, don’t forget to move your money after maturity as they will be moving it into a measly 2.65% paying a/c.

The fixed rate period on your Online Fixed Regular Saver ends on Wednesday 31 July 2024 when we’ll move your balance to our Beehive Easy Access Issue 4 currently at 2.65% gross p.a/AER* variable. 

Your savings will be available to access from Thursday 1 August 2024 and you can find details on the account here.

ForumUser7

Hinckley and Rugby

I think things should be a bit easier now with their new online portal which allows online faster payment withdrawals? The notice period still applies.

chris_the_bee

ForumUser7 said:

Hinckley and Rugby

I think things should be a bit easier now with their new online portal which allows online faster payment withdrawals? The notice period still applies.

As long as your nominated account is set up and approved. Notice can be given by secure message or by telephone. Also no need to send passbook and letter any more.

gt94sss2

If anyone has the Tipton RS which ends at the end of the month, your maturity options are now showing in the app

flaneurs_lobster

jaypers said:

For anyone with the Beehive RS, don’t forget to move your money after maturity as they will be moving it into a measly 2.65% paying a/c.

The fixed rate period on your Online Fixed Regular Saver ends on Wednesday 31 July 2024 when we’ll move your balance to our Beehive Easy Access Issue 4 currently at 2.65% gross p.a/AER* variable. 

Your savings will be available to access from Thursday 1 August 2024 and you can find details on the account here.

Just looking at my Beehive account there doesn't seem to be any mention of a nominated account for the withdrawal. Don't remember setting one up, is it simply not required or will they do something olde worlde like cut a cheque?

Gers

gt94sss2 said:

If anyone has the Tipton RS which ends at the end of the month, your maturity options are now showing in the app

Tipton

Nothing impressive there and no new RS either. it’s all so disappointing but expected. 

wiseonesomeofthetime

Is that the only account you hold with Beehive then?

I also have their Limited Edition Easy Saver (@ 5.20% NLA) and so obviously have a linked nominated account already, so cannot answer your Q directly tbh.

jaypers

flaneurs_lobster said:

jaypers said:

For anyone with the Beehive RS, don’t forget to move your money after maturity as they will be moving it into a measly 2.65% paying a/c.

The fixed rate period on your Online Fixed Regular Saver ends on Wednesday 31 July 2024 when we’ll move your balance to our Beehive Easy Access Issue 4 currently at 2.65% gross p.a/AER* variable. 

Your savings will be available to access from Thursday 1 August 2024 and you can find details on the account here.

Just looking at my Beehive account there doesn't seem to be any mention of a nominated account for the withdrawal. Don't remember setting one up, is it simply not required or will they do something olde worlde like cut a cheque?

In the app……
My Profile
Nominated Bank Account

Should be showing there but if not you can set it up. 

ForumUser7

Beehive

IIRC, we had to set NBAs as part of the application and the initial deposit had to come from the NBA. Therefore, all of the RS holders should have one on the records.

Anyone know of a workaround to set automated maturity preferences into the NBA rather than having to do it manually once it has converted please?