Regular Savings Accounts: The Best Currently Available List!

kaMelo

gt94sss2 said:

For those with maturing FHS 1 accounts are you opening version 2 with Coventry?

It doesn't seem as competitive and requires notice to withdraw the funds..

No, the beauty of the FHS1 is  that it essentially was an easy access account, the only restriction being limiting deposits to £1000 per month. Sadly mine matures next week.

The new one's notice requirement means its no longer an easy access account.

castle96

Wheres_My_Cashback said:

castle96 said:

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.

opened 21/9/21 (they say), but only£21K IN IT INCL INT) SO i MUST HAVE MISSED SOME PAYMENTS. but i CANT GET THE MONEY OUT AS SITE SEEMS still TO BE DOWN. aM TYYING AGAIN NOW (PHONING)

Android app working for me with new ability to apply via the app.

FHS 1 became uncompetitive for a short time before the big jump from 2.95% to 5%. Maybe you withdrew or didn't fund in that period?

Didnt work with Edge but did with Crome !

Aidanmc

Re the YBS Loyalty RS which is about to mature, opened on 27 Sept 23.

Will the maturity date be 27 Sept (Friday) and then funds available to withdraw on 30th?

Sarahspangles

Aidanmc said:

Re the YBS Loyalty RS which is about to mature, opened on 27 Sept 23.

Will the maturity date be 27 Sept (Friday) and then funds available to withdraw on 30th?

Mine matured today. The interest was actually deposited yesterday. I closed it yesterday but a day’s interest was deducted. OH recently closed his on the date it matured and there was no deduction.

friolento

where_are_we said:

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?

Yes it should work tomorrow. I have that issue every time with a new Nationwide account. It's an annoyance created by them, as they appear to only share new account numbers with the COP platform (operated by PAY.UK) a day after the account has been opened.

Bridlington1

Wheres_My_Cashback said:

gt94sss2 said:

For those with maturing FHS 1 accounts are you opening version 2 with Coventry?

It doesn't seem as competitive and requires notice to withdraw the funds..

Pointless as EA accounts pay more and you can get a 90 day notice at 5.25% elsewhere.

It's not competitive at all with the withdrawal restriction unless you're seriously considering getting a mortgage with them.

Though on the other hand the account does last 3 years. A lot can happen with savings rates in 3 years (3 years ago the base rate was 0.1% and top EA accounts were below 1%). Coventry FHS Issue 1 has had moments where it has paid less than easy access accounts then the rate suddenly jumped to being competitive, the example that springs to mind is in late 2022 when it paid 2.95% at a time when top easy access accounts paid 3%, before jumping to 5% shortly afterwards.

I'd say it could possibly be one to open speculatively with £1, though at this point I wouldn't actively fund it.

dealyboy

Coventry BS First Home Saver (FHS) v2

3 year regular saver - up to £1,000 per month - interest 4.8% variable

... definitely worth considering https://www.coventrybuildingsociety.co.uk/member/product/savings/regular_saver/first-home-saver-2.html

wiseonesomeofthetime

dealyboy said:

Coventry BS First Home Saver (FHS) v2

3 year regular saver - up to £1,000 per month - interest 4.8% variable

... definitely worth considering https://www.coventrybuildingsociety.co.uk/member/product/savings/regular_saver/first-home-saver-2.html

Is this not the one that has been around for months and has a 60-day penalty on withdrawals?

surreysaver

wiseonesomeofthetime said:

dealyboy said:

Coventry BS First Home Saver (FHS) v2

3 year regular saver - up to £1,000 per month - interest 4.8% variable

... definitely worth considering https://www.coventrybuildingsociety.co.uk/member/product/savings/regular_saver/first-home-saver-2.html

Is this not the one that has been around for months and has a 60-day penalty on withdrawals?

4.8% with withdrawal restrictions. I've wasted my time typing this!

Bridlington1

wiseonesomeofthetime said:

dealyboy said:

Coventry BS First Home Saver (FHS) v2

3 year regular saver - up to £1,000 per month - interest 4.8% variable

... definitely worth considering https://www.coventrybuildingsociety.co.uk/member/product/savings/regular_saver/first-home-saver-2.html

Is this not the one that has been around for months and has a 60-day penalty on withdrawals?

It has been around for nearly 2 years IIRC. FHS Issue 1 went NLA in December 2022 and was soon followed by issue 2 at the lower rate.