Regular Savings Accounts: The Best Currently Available List!

JamesRobinson48

According to Moneyfacts, Coventry BS will launch a new RS:

Sunny Day Saver  -  6.25% p.a., 12 month term, max £150 pm, max investment £1950.

It's unclear if the interest rate is to be fixed or variable, but on past form I assume it'll be variable.

figgyc

JamesRobinson48 said:

According to Moneyfacts, Coventry BS will launch a new RS:

Sunny Day Saver  -  6.25% p.a., 12 month term, max £150 pm, max investment £1950.

It's unclear if the interest rate is to be fixed or variable, but on past form I assume it'll be variable.

Tried to google for a link/info and Which? seem to have their hands on a press release about this account:

https://www.which.co.uk/news/article/coventry-building-society-launches-lottery-style-savings-account-paying-6.25-a5HeM2q4cFIG

Key points:

• Should be available at some point today
• No mention of any loyalty/membership requirement
  
• Interest is indeed variable
  
• As well as interest they are running 11 monthly prize draws, 20 prizes available (1x £500, 5x £200 and 14x  £50). 
• Skipping months allowed (£0 min monthly deposit) but you must deposit £10 to be in the prize draws

As they say sort of similar to the Nationwide Start to Save accounts from a while back.

Bridlington1

JamesRobinson48 said:

According to Moneyfacts, Coventry BS will launch a new RS:

Sunny Day Saver  -  6.25% p.a., 12 month term, max £150 pm, max investment £1950.

It's unclear if the interest rate is to be fixed or variable, but on past form I assume it'll be variable.

It's variable. Full Ts&Cs below:

https://secure.coventrybuildingsociety.co.uk/savings-and-investments/productfeatures.aspx?prodCode=SDS&CTALinks=False

It's currently available to open in online banking, I've just opened it.

Bridlington1

JamesRobinson48 said:

Bridlington1 said:

JamesRobinson48 said:

According to Moneyfacts, Coventry BS will launch a new RS:

Sunny Day Saver  -  6.25% p.a., 12 month term, max £150 pm, max investment £1950.

It's unclear if the interest rate is to be fixed or variable, but on past form I assume it'll be variable.

It's variable. Full Ts&Cs below:

https://secure.coventrybuildingsociety.co.uk/savings-and-investments/productfeatures.aspx?prodCode=SDS&CTALinks=False

It's currently available to open in online banking, I've just opened it.

Thanks. TBH, I can't remember any RS product ever having been launched on a Sunday. I feel this might be a first.

I must confess it took me by surprise, I don't usually check moneyfacts on Sundays for this reason. That being said it's a nice surprise and I've sent funds over to it.

It goes by calendar month so if it's still available towards the end of the month I'll refresh it to get the 13th payment in.

trickydicky14

JamesRobinson48 said:

According to Moneyfacts, Coventry BS will launch a new RS:

Sunny Day Saver  -  6.25% p.a., 12 month term, max £150 pm, max investment £1950.

It's unclear if the interest rate is to be fixed or variable, but on past form I assume it'll be variable.

Thanks for the heads up, just opened one. If only the likes of Monmouth B.S could be so easy to set up.

Bigwheels1111

Many thanks for the heads up, Coventry reg saver is up and running payment made and SO all sorted.
5 minutes tops.

OneUser1

Bridlington1 said:

JamesRobinson48 said:

Bridlington1 said:

JamesRobinson48 said:

According to Moneyfacts, Coventry BS will launch a new RS:

Sunny Day Saver  -  6.25% p.a., 12 month term, max £150 pm, max investment £1950.

It's unclear if the interest rate is to be fixed or variable, but on past form I assume it'll be variable.

It's variable. Full Ts&Cs below:

https://secure.coventrybuildingsociety.co.uk/savings-and-investments/productfeatures.aspx?prodCode=SDS&CTALinks=False

It's currently available to open in online banking, I've just opened it.

Thanks. TBH, I can't remember any RS product ever having been launched on a Sunday. I feel this might be a first.

I must confess it took me by surprise, I don't usually check moneyfacts on Sundays for this reason. That being said it's a nice surprise and I've sent funds over to it.

It goes by calendar month so if it's still available towards the end of the month I'll refresh it to get the 13th payment in.

Forgive my ignorance but what do you mean by "If it’s available towards the end of the month I’ll refresh it to get the 13th payment in"?

orange-juice

Both of my YBS 7.0% and Nationwide 8.0% regular savers have received their 12th payments last month, and are due to mature at some point this month.

Is it possible/worthwhile depositing another payment? I think some people complained  a while ago, about Mon BS not applying interest properly to the 13th payment as the account had reached the deposit limit (12 monthly payments)?

changearound1

orange-juice said:

Both of my YBS 7.0% and Nationwide 8.0% regular savers have received their 12th payments last month, and are due to mature at some point this month.

Is it possible/worthwhile depositing another payment? I think some people complained  a while ago, about Mon BS not applying interest properly to the 13th payment as the account had reached the deposit limit (12 monthly payments)?

YBS 7% has a max balance of £6000 so if you've done 12 x £500 then no 13th payment.

Nationwide 8% has no such restrictions and should be ok for a 13th.

[Deleted User]

orange-juice said:

Both of my YBS 7.0% and Nationwide 8.0% regular savers have received their 12th payments last month, and are due to mature at some point this month.

Is it possible/worthwhile depositing another payment? I think some people complained  a while ago, about Mon BS not applying interest properly to the 13th payment as the account had reached the deposit limit (12 monthly payments)?

Yes,  l deposited £200 this morning for the NW 8% RS.