Regular Savings Accounts: The Best Currently Available List!

janusdesign

Re: Zopa.

it looks to be a new offer...

running the app (updated today), it looks like they're about to launch a bank account (seems to be in beta but I can apply now) - that account will pay a fixed 2% on balances for 12 months, then it becomes variable, and 2% cashback on upto £1500 of DD per year (fixed at 2% for at least 12 months).

with regards to the regular saver, it will be fixed at 7.5% for 12 months - £300 per month.

Stevo_safc

dgpur said:

Stevo_safc said:

Is the Zopa 7.5% Regular Saver new?

Where are you seeing that? I can’t see it in the app or the website.

Email from them this morning.

pecunianonolet

Are the funds fixed or can you withdraw them during the term?

2% cashback is also quite nice and if they accept credit card repayments as direct debit it would be basically a £30 in cashback, that would be achievable in one month with my credit cards alone not even including normal bills, etc.

jameseonline

Interesting, I've not done anything with Zopa for ages (£0 balance) so not surprised I haven't been invited.

Would only be interested in their Regular Saver as 2% savings is poor, especially when they themselves offer higher for using savings pots.

As for 2% on bills, it's not relevant to me anyway.

s71hj

Stevo_safc said:

dgpur said:

Stevo_safc said:

Is the Zopa 7.5% Regular Saver new?

Where are you seeing that? I can’t see it in the app or the website.

Email from them this morning.

Is the cashback on any direct debits or just your standard utilities like Santander etc pay.

janusdesign

pecunianonolet said:

Are the funds fixed or can you withdraw them during the term?

2% cashback is also quite nice and if they accept credit card repayments as direct debit it would be basically a £30 in cashback, that would be achievable in one month with my credit cards alone not even including normal bills, etc.

from the Regular Saver? if yes, then you can make withdrawals...

https://www.zopa.com/help/article/can-i-withdraw-money-from-my-regular-saver-pot

Yes, you can withdraw money from your Regular Saver pot anytime. You can also withdraw and replace money within the same monthly allowance period. However, if you withdraw more than £300 in a month, you’ll still only be able to deposit up to £300 that month. 

For example, if you have £1,000 in your Regular Saver pot and withdraw £500 in a month, you’ll only be able to replace up to £300 that month. This means you’ll have £800 left in your Regular Saver pot. 

Kim_13

jameseonline said:

Anyone know what Market Harborough are upto because I can't access their online services & there's nothing till 10th October scheduled.

Wanted to check if my money was credited from yesterday.

Wondering the same. 

I topped Melton up to £200 yesterday (within normal working hours, but later than I’d have liked due to funds not arriving from HRBS particularly promptly - but still earlier than Monmouthshire.) It is dated processed today but listed as posted yesterday, so wondering if the account is likely to accept £200 this month?

janusdesign

s71hj said:

Stevo_safc said:

dgpur said:

Stevo_safc said:

Is the Zopa 7.5% Regular Saver new?

Where are you seeing that? I can’t see it in the app or the website.

Email from them this morning.

Is the cashback on any direct debits or just your standard utilities like Santander etc pay.

I think it's any direct debits.

https://www.zopa.com/help/article/how-does-cashback-work

We’re currently giving cashback on up to £1,500 of Direct Debits paid from your Zopa bank account per year. 

The cashback rate is fixed for a year – starting from the day you open your account – and variable after that. Cashback is calculated daily and paid monthly. You can check your rate in your bank account terms. 

janusdesign

jameseonline said:

Interesting, I've not done anything with Zopa for ages (£0 balance) so not surprised I haven't been invited.

Would only be interested in their Regular Saver as 2% savings is poor, especially when they themselves offer higher for using savings pots.

I had a zero balance on my Smart Saver too, but I was invited - bank account now setup, £1 deposit to it arrived immediately - only takes a few clicks to then open the RS.

you will need to get their bank account, and have a Smart Saver to get access to the regular saver.

I will add that you need to identify yourself during the bank application process, e.g taking a selfie in the app and also an image of ID (passport) - they're using Mitek for this.

After 12 months, the RS becomes a Smart Saver pot... then you'll be able to open a new RS pot.

friolento