Regular Savings Accounts: The Best Currently Available List!

flaneurs_lobster

jameseonline said:

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 😁

Yep, seems you've got that covered!

Janie2008

georged123 said:

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.

It won't close the account. It will just be your third allowed withdrawal. I've made 3 and am waiting for it to reset later this month to make any more. 

ForumUser7

YBS Loyalty ReS 2023 - Can we set our own maturity preference? Email says will convert into easy access saver issue 2, but I want funds to go to an existing easy access with them on maturity automatically (without needing to do it on the date). How can I do this please?

ForumUser7

Same question for Nationwide Flex RS 2 - Can we set our own maturity preference please?

Digital_Payback

jameseonline said

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.

The Coventry app updated for me on IOS just yesterday and that update included the ability to open new accounts very easily. 

No doubt the Android version will follow quickly with the same feature. 

WillPS

ForumUser7 said:

Same question for Nationwide Flex RS 2 - Can we set our own maturity preference please?

I'm not sure, but is it really needed? You can make a faster payment from Nationwide which will go out instantly.

dealyboy

ForumUser7 said:

Same question for Nationwide Flex RS 2 - Can we set our own maturity preference please?

Hi ... adapted from a recent e-mail ...

Your Flex Regular Saver Issue 2 is about to mature     An update about your Flex Regular Saver Issue 2 Dear @ForumUser7 , A quick reminder that your Flex Regular Saver Issue 2 is about to mature soon, as mentioned in your Terms and Conditions. On 21 September 2024, it will become an Instant Access Saver 10 and the interest rate at the time will apply. And because it’s instant access, you’ll be able to dip into your savings whenever you like. Take a look at the account’s Summary Box and product terms and conditions to see all the details.     What’s next for your savings? Keep your Instant Access Saver 10 once your account matures: in which case, you don’t have to do anything else. Explore our wide range of savings accounts: you’ll find them all on our Savings homepage. And if you see an account you like the look of, you can open that and move your money across at any time. Withdraw all your money and close your account: if you wanted to move your savings to another provider, then this is also an option and we can support you in doing so – although we hope you’ll find everything you need here at Nationwide. If you decide to open a new account or close your existing one, you can do this through the Internet Bank (if you’re registered), or online here. Whatever you choose to do, we look forward to continuing to help you take care of your savings.     Thank you for being a member. Your Nationwide Savings Team

ForumUser7

dealyboy said:

ForumUser7 said:

Same question for Nationwide Flex RS 2 - Can we set our own maturity preference please?

Hi ... adapted from a recent e-mail ...

Your Flex Regular Saver Issue 2 is about to mature     An update about your Flex Regular Saver Issue 2 Dear @ForumUser7 , A quick reminder that your Flex Regular Saver Issue 2 is about to mature soon, as mentioned in your Terms and Conditions. On 21 September 2024, it will become an Instant Access Saver 10 and the interest rate at the time will apply. And because it’s instant access, you’ll be able to dip into your savings whenever you like. Take a look at the account’s Summary Box and product terms and conditions to see all the details.     What’s next for your savings? Keep your Instant Access Saver 10 once your account matures: in which case, you don’t have to do anything else. Explore our wide range of savings accounts: you’ll find them all on our Savings homepage. And if you see an account you like the look of, you can open that and move your money across at any time. Withdraw all your money and close your account: if you wanted to move your savings to another provider, then this is also an option and we can support you in doing so – although we hope you’ll find everything you need here at Nationwide. If you decide to open a new account or close your existing one, you can do this through the Internet Bank (if you’re registered), or online here. Whatever you choose to do, we look forward to continuing to help you take care of your savings.     Thank you for being a member. Your Nationwide Savings Team

Thanks @dealyboy - I got their email but was hoping there was some way to for example make it so the account closed on maturity and automatically transferred funds and interest to the nationwide current account. I'm not sure why some providers seem to offer a wide range of maturity options, and others just convert the account. It's not very consistent. Must be because they can make more money as some people wouldn't move the funds right away

dealyboy

ForumUser7 said:

dealyboy said:

ForumUser7 said:

Same question for Nationwide Flex RS 2 - Can we set our own maturity preference please?

Hi ... adapted from a recent e-mail ...

Your Flex Regular Saver Issue 2 is about to mature     An update about your Flex Regular Saver Issue 2 Dear @ForumUser7 , A quick reminder that your Flex Regular Saver Issue 2 is about to mature soon, as mentioned in your Terms and Conditions. On 21 September 2024, it will become an Instant Access Saver 10 and the interest rate at the time will apply. And because it’s instant access, you’ll be able to dip into your savings whenever you like. Take a look at the account’s Summary Box and product terms and conditions to see all the details.     What’s next for your savings? Keep your Instant Access Saver 10 once your account matures: in which case, you don’t have to do anything else. Explore our wide range of savings accounts: you’ll find them all on our Savings homepage. And if you see an account you like the look of, you can open that and move your money across at any time. Withdraw all your money and close your account: if you wanted to move your savings to another provider, then this is also an option and we can support you in doing so – although we hope you’ll find everything you need here at Nationwide. If you decide to open a new account or close your existing one, you can do this through the Internet Bank (if you’re registered), or online here. Whatever you choose to do, we look forward to continuing to help you take care of your savings.     Thank you for being a member. Your Nationwide Savings Team

Thanks @dealyboy - I got their email but was hoping there was some way to for example make it so the account closed on maturity and automatically transferred funds and interest to the nationwide current account. I'm not sure why some providers seem to offer a wide range of maturity options, and others just convert the account. It's not very consistent. Must be because they can make more money as some people wouldn't move the funds right away

Nationwide Flex Regular Saver Issue 2

Yeah, they all seem to have their own bespoke way of doing things ... I don't remember a bank/bs doing the bleeping obvious. Regarding your thought, FD comes to mind .

jameseonline

I guess it's because providers aren't really bothered about what makes sense for us but what makes sense for them, so going from a high paying regular then converting it to a low easy access then we move money from that into current (then out) or to other savings account with same provider.

Basically the provider would rather you earn the worst rates possible by leaving it up to us to move money, close account etc.

Not everyone is going to be savvy enough to ditch a poor paying account, even though it's pretty easy to do.

I just wait till things get converted then move most of if not all money out.

Only exception for me is Saffron, when I close an account or an account is maturing I always tell them to put all funds into my existing easy access account and they do, thus stopping the creation of a poorly paying maturity account.