Regular Savings Accounts: The Best Currently Available List!

Bridlington1

Descrabled said:

Coventry FHS

I am puzzled by castle96 comment that FHS has matured as mine doesn't mature for over another year as it's a 3 year regular saver.

The account was launched in 2021 if I'm not mistaken. The account matures 3 years after opening so those that opened the account in 2021 will see their accounts mature in 2024.

EDIT: 
I've found a post mentioning it exactly 3 years ago:
https://forums.moneysavingexpert.com/discussion/comment/78624858/#Comment_78624858

RosieRooBear

Descrabled said:

Coventry FHS

I am puzzled by castle96 comment that FHS has matured as mine doesn't mature for over another year as it's a 3 year regular saver.

The Coventry FHS 1 was first launched in September 2021, so if you opened it then it will be maturing this month. 

allegro120

jameseonline said:

Ahh profile merges etc, hate them, had issues a few times with them over the years with Lloyds &/or TSB & possibly others, and to a lesser extent Bank Of Scotland/Halifax, I used to see those accounts only in their own apps initially then they all showed up in both apps, learned to live with that though 

I still have two profiles with two banks. With TSB it doesn't make any difference, all my accounts are showing in each profile, both recognise me as the same customer.  It's different with Virgin - each profile shows only their own accounts.  I can acces both online, but only one on the app (can't have 2 Virgin apps in one phone :-), so it's a little inconvenient.  However, the benefit from 2 VM profiles is - this system allows me to deposit £500 p/m to 10.38% RS.  Well done, Virgin!

HHUK

[Deleted User] said:

Quite simple.

Haven't got the money.

Nationwide Flex Regular Saver Issue 3

Don't worry, there's nothing in the terms and conditions to say you can't pay in more than once per calendar month, provided the total doesn't exceed £200 per month. I opened mine today and funded it with the maximum of £200, but only because I was able to transfer the money from my FlexDirect account. If I'd had to transfer the money from a non-Nationwide account, I would have made an initial test payment of a token amount, then topped it up if that was successfully received.

https://www.nationwide.co.uk/-/assets/nationwidecouk/documents/savings/terms-and-conditions/p4227-flex-regular-saver-issue-3.pdf?rev=2a5739a71551421f96f8e96037108524

[Deleted User]

HHUK said:

[Deleted User] said:

Quite simple.

Haven't got the money.

Nationwide Flex Regular Saver Issue 3

Don't worry, there's nothing in the terms and conditions to say you can't pay in more than once per calendar month, provided the total doesn't exceed £200 per month. I opened mine today and funded it with the maximum of £200, but only because I was able to transfer the money from my FlexDirect account. If I'd had to transfer the money from a non-Nationwide account, I would have made an initial test payment of a token amount, then topped it up if that was successfully received.

https://www.nationwide.co.uk/-/assets/nationwidecouk/documents/savings/terms-and-conditions/p4227-flex-regular-saver-issue-3.pdf?rev=2a5739a71551421f96f8e96037108524

I did ask before opening it, I should be able to put the rest in sometime this week. Thanks.

Descrabled

Coventry FHS1

My mistake as I thought that I had opened as soon as it was available. I now realise that I opened in December 22 when it became attractive to me.

Thanks for the info Bridlington1 and I now understand the reason why I didn't open 3 years ago. I still have over 12 months to use this account.

I just received £1000 transfer into this account today from YBS LRS 2023.

The Coventry online and android app both worked fine yesterday and today.

schiff

Coventry FHS

My RS matured over the weekend - £1687 interest. With the interest to come from the YBS loyalty later this week I'll be approaching £4000 for the year and it isn't half way over yet!

Withdrew it all to my Santander account in the early hours of this morning - surprised it's scheduled to arrive tomorrow. One day's interest on £37,500 isn't peanuts.

Kim_13

schiff said:

Coventry FHS

My RS matured over the weekend - £1687 interest. With the interest to come from the YBS loyalty later this week I'll be approaching £4000 for the year and it isn't half way over yet!

Withdrew it all to my Santander account in the early hours of this morning - surprised it's scheduled to arrive tomorrow. One day's interest on £37,500 isn't peanuts.

The FHS interest isn’t all taxable in one year is it? I was one of the last to get the original FHS so still have a year and a bit to go. I’ve had some interested credited on it and moved elsewhere when rates rose so it was accessible. I thought the test was when the interest was accessible, regardless of whether the option to access it had been taken up.

Coventry, like Yorkshire, have always been next working day.

janusd

Kim_13 said:

schiff said:

Coventry FHS

My RS matured over the weekend - £1687 interest. With the interest to come from the YBS loyalty later this week I'll be approaching £4000 for the year and it isn't half way over yet!

Withdrew it all to my Santander account in the early hours of this morning - surprised it's scheduled to arrive tomorrow. One day's interest on £37,500 isn't peanuts.

The FHS interest isn’t all taxable in one year is it? I was one of the last to get the original FHS so still have a year and a bit to go. I’ve had some interested credited on it and moved elsewhere when rates rose so it was accessible. I thought the test was when the interest was accessible, regardless of whether the option to access it had been taken up.

you are correct - that £1,687 the OP received must be year 3's interest alone - not 3 years worth of interest.

using the MSE RS calculator and existing interest payments, Y1 is ~ £375; Y2 will be ~ £1k and Y3 around £1,600.. though Y2 & Y3 will be reduced because of the recent rate drop and any future negative changes.

where_are_we

Nationwide Flex Regular Saver 3 @6.5% - Opened a new one, but COP for opening deposit from my external current account was not recognised and there was no way of overriding it. So had to do a FP to my NW current account and then do a transfer. But no way of setting up 12 SO`s as yet. Have I been too quick and will COP work eg tomorrow?