Regular Savings Accounts: The Best Currently Available List!

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.

Wheres_My_Cashback

The COV FHS2 maybe called an RS, though it's effectively a Notice account and there are always better 30/60 day notice accounts available at equal/better rates.

wiseonesomeofthetime

Bridlington1 said:

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.

Exactly what I thought!

I am one of the fortunate ones with FHS 1, with no restrictions. Must have got in just in time as mine matures 16 December 2025.

Bridlington1

wiseonesomeofthetime said:

Bridlington1 said:

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.

Exactly what I thought!

I am one of the fortunate ones with FHS 1, with no restrictions. Must have got in just in time as mine matures 16 December 2025.

Account went NLA on 19/12/22 so you're right, you got in there just in time.

Wheres_My_Cashback said:

The COV FHS2 maybe called an RS, though it's effectively a Notice account and there are always better 30/60 day notice accounts available at equal/better rates.

Though we don't know for for sure what Coventry will do with the interest rate on the account over the next 3 years. It is below the top 30/60 day notice accounts today but only by about 0.25%. It's also only 0.45% behind the top notice account that is currently available. In 2-3 years this may well not be the case. Personally I wouldn't wish to rule out the Coventry FHS Issue 2 becoming competitive at some point during the next 3 years. 

It only requires £1 to open so I'd be inclined to speculatively open it with £1 if I didn't already have issue 1 alive and well.

charlie12525

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.