Regular Savings Accounts: The Best Currently Available List!

Bridlington1

FIREmenow said:

Bridlington1 said:

Dizzycap said:

Progressive Building Society - 7% Variable 1 year Online Regular Rainy Day Saver

• A variable rate of interest for 1 year
• Invest from £20
• Maximum saving of £300 per month
• Instant Access
• Apply and manage online only

https://theprogressive.com/savings/online-savings/online-regular-rainy-day-saver-account

ENJOY!

It's good info but I'm afraid @OneUser1 beat you to it 2 months ago.

Now that the vanguard has had some time to battle through the application process... Do you think it's worth it?  I have an Ulster current account, so wondering if using that as the linked account would speed things up - not having all the bank sort codes added seems to be one of the stumbling blocks.

The account pays 7% (I have to pull money out of accounts paying 5.6% to fund it), it was quick/easy enough to set up online and my nominated account was accepted immediately (I can't recall off the top of my head which one I used though, might've been Ulster).

For me it is definitely worth opening and it remains a valued part to my collection.

FIREmenow

PloughmansLunch said:

FIREmenow said:

Bridlington1 said:

Dizzycap said:

Progressive Building Society - 7% Variable 1 year Online Regular Rainy Day Saver

• A variable rate of interest for 1 year
• Invest from £20
• Maximum saving of £300 per month
• Instant Access
• Apply and manage online only

https://theprogressive.com/savings/online-savings/online-regular-rainy-day-saver-account

ENJOY!

It's good info but I'm afraid @OneUser1 beat you to it 2 months ago.

Now that the vanguard has had some time to battle through the application process... Do you think it's worth it?  I have an Ulster current account, so wondering if using that as the linked account would speed things up - not having all the bank sort codes added seems to be one of the stumbling blocks.

I used Ulster as my nominated account and it was accepted instantly.

Thanks and thanks @Bridlington1 think I'll give it a go!

Snapdragon

Progressive Building Society - 7% Variable 1 year Online Regular Rainy Day Saver

Can anyone advise on the setup of the standing order please? I applied as soon as this became available and after a call with customer services eventually got set up and made the full July payment with my debit card. I want to set up the August & future payments as a SO from Lloyds but have tried without success:

• Tried to setup new payee
• Ticked the yes I'm paying a business
• Payee Progressive Building Society 
• Sort code & their 605... account number as supplied, 
• It confirms a match for Progressive BS BUT gives me a message when I press to continue intending to set up the reference as my account number, that instead I MUST provide the account name NOT the building society!

Totally confused. I've never had this issue before with other regular savers where you pay a building society general account and use the reference field for your personal account number, so not sure what to do next.

Anyone else had similar issue?
Hope someone can help. Thanks.

allegro120

Snapdragon said:

Progressive Building Society - 7% Variable 1 year Online Regular Rainy Day Saver

Can anyone advise on the setup of the standing order please? I applied as soon as this became available and after a call with customer services eventually got set up and made the full July payment with my debit card. I want to set up the August & future payments as a SO from Lloyds but have tried without success:

• Tried to setup new payee
• Ticked the yes I'm paying a business
• Payee Progressive Building Society 
• Sort code & their 605... account number as supplied, 
• It confirms a match for Progressive BS BUT gives me a message when I press to continue intending to set up the reference as my account number, that instead I MUST provide the account name NOT the building society!

Totally confused. I've never had this issue before with other regular savers where you pay a building society general account and use the reference field for your personal account number, so not sure what to do next.

Anyone else had similar issue?
Hope someone can help. Thanks.

The reference should be 11 digits (the last one is a letter, at least in my case) that Progressive gave you.  My donor bank (FD) said that the reference is incorrect, I ignored this and proceeded with the payment.  The money arrived to Progressive, no problem.

CuparLad

allegro120 said:

The reference should be 11 digits (the last one is a letter, at least in my case) that Progressive gave you.  My donor bank (FD) said that the reference is incorrect, I ignored this and proceeded with the payment.  The money arrived to Progressive, no problem.

Same. It's likely that if you try and pay into the newly-opened account immediately, the Progressive's intermediary won't have received an updated account number list, so it's not recopgnised. Like @allegro120, I just ignored the error, made the payment and it showed up within an hour or so (when I next looked). If you wait overnight the problem probably doesn't occur.

10_66

allegro120 said:

The reference should be 11 digits (the last one is a letter, at least in my case) that Progressive gave you...

Some reference numbers contain no letters, just 11 numbers.

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