Regular Savings Accounts: The Best Currently Available List!

jameseonline

JamesRobinson48 said:

Yorkshire BS has today reopened its range of RS accounts to online applications, following the recent reduction in interest rates:

Loyalty Regular eSaver 5.65% variable

Regular eSaver 5.05% variable

First Home eSaver 4.90% variable

For the past few weeks the three above accounts were available only in their non-online versions, i.e. for branch/postal applications (posted by me here on 17 August).

Apologies if anyone beat me to it.


EDIT:  While the product is listed on YBS website as available, the application links don't appear to work!

EDIT 2: Now NLA again!

Interesting, really makes me wonder why they stopped doing online applications to be honest .

Just checked android app, still saying can't be applied for online yet if selecting the website option in app it brings up the regular savings website page but yeah no online application links, branch or post only still, hmm

Guessing someone messed things up?/they working on updating things?

jameseonline

Kim_13 said:

Wasn’t Loyalty about twice the margin previously vs the Regular as it is now? Will also only do the 8%. At least I can max that one out, I ended up hardly using my Loyalty 7% as I had the Monmouthshire version which gave unlimited withdrawals at the same rate. 

YBS Loyalty Regular esaver 2023 is 7% on £500 a month max.

Mine ends on 19th, I'm maxed out at £6000.

10_66

simonsmithsays said:

Chorley

Anyone else daft enough to apply for their RS as an existing customer recently?

I now seem to have an extra (totally unspecified) step where I have to enter an 'Activation code' after the initial login. 

Yesterday login where I was checking that the new RS was funded login was fine - today this mysterious extra step.

God knows how the Activation Code will be received.

I've just been reminded why I only kept a small amount with them due to their awful IT and CS.

The Activation Code's been used for a while (for me anyway).  It's sent to the mobile number they have registered for you.  I don't know how you get around it if you don't have one registered.

simonsmithsays

10_66 said:

simonsmithsays said:

Chorley

Anyone else daft enough to apply for their RS as an existing customer recently?

I now seem to have an extra (totally unspecified) step where I have to enter an 'Activation code' after the initial login. 

Yesterday login where I was checking that the new RS was funded login was fine - today this mysterious extra step.

God knows how the Activation Code will be received.

I've just been reminded why I only kept a small amount with them due to their awful IT and CS.

The Activation Code's been used for a while (for me anyway).  It's sent to the mobile number they have registered for you.  I don't know how you get around it if you don't have one registered.

Credit where due they've already resolved this in super quick time.

I wrongly described it - it should have read Activation Key.  A step that shouldn't have been there.

As you say, the Activation Code has been around for yonks.

Thanks again

ernie-money

Apologies if this has already been asked - I can't find a way of searching just this thread!

I'm wondering if I have to keep my co-operative current account open once I've opened the regular saver, or if I can switch it out & still keep the regular saver open - does anyone know the answer to this please?

wiseonesomeofthetime

ernie-money said:

Apologies if this has already been asked - I can't find a way of searching just this thread!

I'm wondering if I have to keep my co-operative current account open once I've opened the regular saver, or if I can switch it out & still keep the regular saver open - does anyone know the answer to this please?

Co-operative Bank Regular Saver

Having just reviewed the available documentation for the "Exclusive" Regular Saver, I can see your uncertainty.

The product is clearly marketed as an exclusive product, and that, to open the account you must, "have a a Co-operative Bank Current Account, Current Account Plus, Privilege current account, Privilege Premier current account, Student current account, Cashminder account, Everyday Extra current account or any other account we specify in the future."

However, nowhere, in the documents I reviewed, is there a clear Term or Condition that said current account needs to remain open during the term of the product.

The information also clearly states that money may be withdrawn away to an account elsewhere, so again, providing that is accurate, it should not be a case of holding a savings account you cannot access due to a linked current account with same provider being required.

WillPS

ernie-money said:

Apologies if this has already been asked - I can't find a way of searching just this thread!

I'm wondering if I have to keep my co-operative current account open once I've opened the regular saver, or if I can switch it out & still keep the regular saver open - does anyone know the answer to this please?

Further to @wiseonesomeofthetime 's thorough analysis above, I suspect (like Lloyds) nothing will happen to any existing savings accounts, but you'll be unable to open a new one when your current one matures (presuming they are still offering one).

s71hj

wiseonesomeofthetime said:

ernie-money said:

Apologies if this has already been asked - I can't find a way of searching just this thread!

I'm wondering if I have to keep my co-operative current account open once I've opened the regular saver, or if I can switch it out & still keep the regular saver open - does anyone know the answer to this please?

Co-operative Bank Regular Saver

Having just reviewed the available documentation for the "Exclusive" Regular Saver, I can see your uncertainty.

The product is clearly marketed as an exclusive product, and that, to open the account you must, "have a a Co-operative Bank Current Account, Current Account Plus, Privilege current account, Privilege Premier current account, Student current account, Cashminder account, Everyday Extra current account or any other account we specify in the future."

However, nowhere, in the documents I reviewed, is there a clear Term or Condition that said current account needs to remain open during the term of the product.

The information also clearly states that money may be withdrawn away to an account elsewhere, so again, providing that is accurate, it should not be a case of holding a savings account you cannot access due to a linked current account with same provider being required.

I guess after 12 months you couldn't open another  regular saver though without reopening a new current account

ernie-money

WillPS said:

ernie-money said:

Apologies if this has already been asked - I can't find a way of searching just this thread!

I'm wondering if I have to keep my co-operative current account open once I've opened the regular saver, or if I can switch it out & still keep the regular saver open - does anyone know the answer to this please?

Further to @wiseonesomeofthetime 's thorough analysis above, I suspect (like Lloyds) nothing will happen to any existing savings accounts, but you'll be unable to open a new one when your current one matures (presuming they are still offering one).

That's what I was hoping - thanks for input!

rob37uk

Hi special_Saver, the listing for the State Bank of India regular saver is now 5% rather than 6% for new openers but it is a fixed rate.

Also, has anyone else spotted the Loughborough five year retirement monthly saver for over 55's? The Loughborough Building Society - Five Year Retirement Monthly Saver  5.5% Var but with up to £550/month and can run for 5 years. Application form can be scanned and emailed to them with first deposit electronically once opened.