Regular Savings Accounts: The Best Currently Available List!

Snapdragon

Re: Progressive SO issue

I'm guessing its a Lloyds to Progressive oddity, I tried again putting Progressive Building Society and the account number and sort code supplied and Lloyds confirmed the account details as Progressive, however on the 2nd setup screen once again insisting I needed to change the payee to my own name not the Building Society name, so I thought I'd see what happened if I did that. I put my 11 digit account number in the reference field and my name as payee and on the 2nd check it confirmed this was a match. Not what I was expecting but hopefully now setup. I'll only know for sure at the beginning of August!

surreysaver

Snapdragon said:

Re: Progressive SO issue

I'm guessing its a Lloyds to Progressive oddity, I tried again putting Progressive Building Society and the account number and sort code supplied and Lloyds confirmed the account details as Progressive, however on the 2nd setup screen once again insisting I needed to change the payee to my own name not the Building Society name, so I thought I'd see what happened if I did that. I put my 11 digit account number in the reference field and my name as payee and on the 2nd check it confirmed this was a match. Not what I was expecting but hopefully now setup. I'll only know for sure at the beginning of August!

It doesn't insist. You can put what you want 

Bigwheels1111

Just remember you can send £1 to Progressive just to make sure all is ok.

Then the £299 to fill it up.

surreysaver

Bigwheels1111 said:

Just remember you can send £1 to Progressive just to make sure all is ok.

Then the £299 to fill it up.

£20, not £1 is the minimum 

janusd

surreysaver said:

Bigwheels1111 said:

Just remember you can send £1 to Progressive just to make sure all is ok.

Then the £299 to fill it up.

£20, not £1 is the minimum 

I don't think that minimum is being enforced - previous posts have stated that £1 and £10 initial deposits have been accepted.

Bigwheels1111

janusdesign said:

surreysaver said:

Bigwheels1111 said:

Just remember you can send £1 to Progressive just to make sure all is ok.

Then the £299 to fill it up.

£20, not £1 is the minimum 

I don't think that minimum is being enforced - previous posts have stated that £1 and £10 initial deposits have been accepted.

Yep, They told me to send £1 as a first payment.

Bigwheels1111

janusdesign said:

surreysaver said:

Bigwheels1111 said:

Just remember you can send £1 to Progressive just to make sure all is ok.

Then the £299 to fill it up.

£20, not £1 is the minimum 

I don't think that minimum is being enforced - previous posts have stated that £1 and £10 initial deposits have been accepted.

I know but when Hellen from Progressive I think her name was told me to do it.

No issues at all, £1 arrived, then sent £299, 2 mins later.

Bridlington1

Not a top rate but could be one to open speculatively:
Skipton have launched a Home Deposit Saver Issue 1 at 5.06% (variable). 

Account lasts 24 months
£500/mth max up to a max balance of £12k
Can skip months if necessary
No withdrawals allowed but account can be closed without penalty if necessary

ETA:
Unused subscriptions can be rolled over and caught up in future months (e.g. you could open with £1, then top up the balance to £6k in month 12)

Also of note is that the account term starts from the date of your first deposit, not from the day you apply.

[Deleted User]

Bridlington1 said:

Not a top rate but could be one to open speculatively:
Skipton have launched a Home Deposit Saver Issue 1 at 5.06% (variable). 

Account lasts 24 months
£500/mth max up to a max balance of £12k
Can skip months if necessary
No withdrawals allowed but account can be closed without penalty if necessary

I just opened a thread about if you can open one of these if your not saving for a house.

Hattie627

Bridlington1 said:

Not a top rate but could be one to open speculatively:
Skipton have launched a Home Deposit Saver Issue 1 at 5.06% (variable). 

Account lasts 24 months
£500/mth max up to a max balance of £12k
Can skip months if necessary
No withdrawals allowed but account can be closed without penalty if necessary

Opened and funded with an initial £10. Matures 2 years after initial payment. No plans to fund account monthly at the moment.

In addition to not requiring a payment every month, unused monthly allowances can be rolled over without limit, so you could (for example) deposit £6,000 (less initial deposit) in month 12 if the rate were to become attractive. As noted, you can escape without penalty at any point by closing the account.