Regular Savings Accounts: The Best Currently Available List!

georged123

savethepandas said:

georged123 said:

I have the Triple Access Saver at Coventry BS, if I transfer funds from this account to fund the Sunny Day Saver, will that count as a withdrawal from the account or are internal transfers exempt?

Agree it will count as a withdrawal.

Was on the phone with them on Monday, I opened the Triple on 29/09/23, the lady reminded me, that on 30/09/24 the withdrawals available count will reset to 3. 

So depending on when you opened the Triple, the withdrawal may have less impact.

I've had two withdrawals already so a third would close the account.

I think I opened on the same day you did so I'll hold on for the reset.

allegro120

Cold_comfort said:

t1redmonkey said:

Just wondering if anyone knows for certain with the current available issue of the Gatehouse Regular Saver (5.3%):

a) Can this be held if you already have issue 1 (the 7% one)?
b) Can you close it before the 12 months are up?  I know it says you can't do withdrawals, but doesn't mention about full closure.

a) No.

According to the Key Product Information downloaded from https://gatehousebank.com/personal/savings/regular-saver/our-regular-saver-account-issue-two:
"only one regular saver account is allowed at any one time."

And section 4.2 of the Regular Saver Account Terms and Conditions states

"You can hold one regular saver account at any one time, and it must be in your sole name only. We will automatically close any additional regular saver accounts that you open and return your funds to your nominated account."

b) No - unless it's within the 14-day cooling off period or Gatehouse changes the terms to your detriment.

The actual wording of Section 2.1 of the Regular Saver Account Terms and Conditions is

"You may not withdraw funds or close your regular saver account before the end of the relevant deposit period apart from:

(a) during your fourteen (14) calendar day “cooling off” period, as explained in section 6 of the general terms and conditions;

(b) as explained in sections 15.2 or 15.3 of the general terms and conditions."

Gatehouse
T&C aren't always enforced. I've opened issue 2 on 31st March and the account hasn't been closed.  I'm sure I'm not the only one who has both issues.

jameseonline

Just opened the 6.25% Coventry Sunny Day, really easy to open, funded (probably won't show up for a while but yeah).

Next step for me is closing the 5.75% (or whatever it is now) YBS Loyalty Regular and moving the funds to my 7% Santander Edge Saver.

Digital_Payback

jameseonline said:

Just opened the 6.25% Coventry Sunny Day, really easy to open, funded (probably won't show up for a while but yeah).

Already a member of the society, I opened the Coventry Sunny Day Saver last night at 10.30pm via the app. (The app has now been updated to allow in app opening.)  Account opened in less than a minute! Funded it by fast transfer from a current acc. and funds showing in the account at 7am this morning. 

Very good experience. 

simonsmithsays

happybagger said:

Bridlington1 said:

Not a top one but of note for those who live/work near a branch:

Penrith BS have launched a Regular Saver 200 (Issue 2) at 5%(var)
Account can be opened in branch only.

Anyone who has an existing Penrith account *may* get this by sending a secure message through their online banking. I have managed to do that in the past; I'm not trying this one

Unsuccessful here and have been a member for years.

BestSeagull

allegro120 said:

Cold_comfort said:

t1redmonkey said:

Just wondering if anyone knows for certain with the current available issue of the Gatehouse Regular Saver (5.3%):

a) Can this be held if you already have issue 1 (the 7% one)?
b) Can you close it before the 12 months are up?  I know it says you can't do withdrawals, but doesn't mention about full closure.

a) No.

According to the Key Product Information downloaded from https://gatehousebank.com/personal/savings/regular-saver/our-regular-saver-account-issue-two:
"only one regular saver account is allowed at any one time."

And section 4.2 of the Regular Saver Account Terms and Conditions states

"You can hold one regular saver account at any one time, and it must be in your sole name only. We will automatically close any additional regular saver accounts that you open and return your funds to your nominated account."

b) No - unless it's within the 14-day cooling off period or Gatehouse changes the terms to your detriment.

The actual wording of Section 2.1 of the Regular Saver Account Terms and Conditions is

"You may not withdraw funds or close your regular saver account before the end of the relevant deposit period apart from:

(a) during your fourteen (14) calendar day “cooling off” period, as explained in section 6 of the general terms and conditions;

(b) as explained in sections 15.2 or 15.3 of the general terms and conditions."

Gatehouse
T&C aren't always enforced. I've opened issue 2 on 31st March and the account hasn't been closed.  I'm sure I'm not the only one who has both issues.

Agree. I opened the second Gatehouse RS after people here reported being able to.  I just deposited my 5th monthly payment.

The account can be closed during the notice period if they decrease the rate.  (from the link above)

We will provide you with at least 30 days’ notice of any reduction to the profit rate applicable to your account. During this notice period you have the option to continue with your account at the new rate, or close your account immediately with your savings returned, along with profit earned.

jameseonline

Digital_Payback said:

jameseonline said:

Just opened the 6.25% Coventry Sunny Day, really easy to open, funded (probably won't show up for a while but yeah).

Already a member of the society, I opened the Coventry Sunny Day Saver last night at 10.30pm via the app. (The app has now been updated to allow in app opening.)  Account opened in less than a minute! Funded it by fast transfer from a current acc. and funds showing in the account at 7am this morning. 

Very good experience. 

I'm also an existing member, the Android app doesn't really allow in app opening, the app does however direct to the website to open the account.

Can't believe how quick it was to open, literally just confirming my details, so glad I updated my address via secure message 1st though as the website seems to want you to download/fill out a change of address form on the application page if you want to change address.

My 1st £150 is showing up now so I'm a happy bunny.

jameseonline

jameseonline said:

Just opened the 6.25% Coventry Sunny Day, really easy to open, funded (probably won't show up for a while but yeah).

Next step for me is closing the 5.75% (or whatever it is now) YBS Loyalty Regular and moving the funds to my 7% Santander Edge Saver.

Closed the YBS one, hopefully getting those funds by end of tomorrow. 😊

Think my minimum rate for regulars is now 6%, highest 10%. 😊

Always fun to initially simplify and get better accounts 🤣

flaneurs_lobster

jameseonline said:

jameseonline said:

Just opened the 6.25% Coventry Sunny Day, really easy to open, funded (probably won't show up for a while but yeah).

Next step for me is closing the 5.75% (or whatever it is now) YBS Loyalty Regular and moving the funds to my 7% Santander Edge Saver.

Closed the YBS one, hopefully getting those funds by end of tomorrow. 😊

Hope you've kept at least one account with YBS for future loyalty eligibility.

jameseonline

flaneurs_lobster said:

jameseonline said:

jameseonline said:

Just opened the 6.25% Coventry Sunny Day, really easy to open, funded (probably won't show up for a while but yeah).

Next step for me is closing the 5.75% (or whatever it is now) YBS Loyalty Regular and moving the funds to my 7% Santander Edge Saver.

Closed the YBS one, hopefully getting those funds by end of tomorrow. 😊

Hope you've kept at least one account with YBS for future loyalty eligibility.

Of course😁

Still got their 7% Loyalty, 6% Xmas & a few Internet Saver Plus & a Easy Access account, plus Online Rainy Day & a Loyalty Six Access 😁