Regular Savings Accounts: The Best Currently Available List!

PowerSavingMode

ForumUser7 said:

Kazza242 said:

According to Moneyfacts, Coventry Building Society are launching a new regular saver, called 'Loyalty Mortgage Saver', paying 6.00% (variable).  

The account is available to existing members of the Society and you must hold an eligible mortgage account with Coventry Building Society, Godiva Mortgages Limited or ITL Mortgages Limited (eligibility criteria applies).  If opening a joint account only one customer will need to be eligible.

- Maximum monthly deposit £1,000 (per calendar month)
- Maximum total investment is £13,000
- The account runs for one year (the interest is paid on the anniversary of account opening)
- After the 14 day 'cooling off period', you can withdraw money or close your account, but this will incur a charge equal to 30 calendar days' interest on the amount withdrawn on each occasion. 

The account is already available to apply for if you login to Coventry BS online banking (you must meet the eligibility criteria required to open the account). 

Edit: The account has now been added to the Coventry BS website, here.

Has anyone had any luck opening it without a mortgage or has it just not gone through please? Thanks

Nope. Tried earlier.

t1redmonkey

Quick question...do First Direct standing orders to fund the RS come out on a Saturday?  I know Sunday ones go to Monday, but not sure about Saturdays.

flaneurs_lobster

t1redmonkey said:

Quick question...do First Direct standing orders to fund the RS come out on a Saturday?  I know Sunday ones go to Monday, but not sure about Saturdays.

No, next working day. 

dcs34

Coventry Loyalty Mortgage Saver

A "nice" way to reward existing mortgage holders - perhaps Nationwide could take note for next years fairer share rewards...

Although I'm not sure it's quite enough to encourage someone to take out a mortgage with Coventry, just to get this account!

Dizzycap

schiff said:

"If you want your money to go back to your nominated account then select that option on your homepage in the App. There should be a link along the bottom of the Regular Saver box. Once you've confirmed, it should say: Thank you for selecting your maturity option, and the link will disappear."

I've tried everything but no joy. The link isn't there - for me anyway. I'll try again in a day or so. There's plenty of time. 

Have you updated the Tipton App? There were a few issues a couple of weeks ago and they did an update with a fresh APP download.

This is the rollover option I have in the most recent Tipton App - Under products:

When I click View I get this Fixed Rate Bond @ 4.05% for my maturing Regular Saver:

It seems we're all getting different offers?

allegro120

dcs34 said:

Coventry Loyalty Mortgage Saver

A "nice" way to reward existing mortgage holders - perhaps Nationwide could take note for next years fairer share rewards...

Although I'm not sure it's quite enough to encourage someone to take out a mortgage with Coventry, just to get this account!

I think the aim is to encourage the existing mortgage customers to stay.

Dizzycap

allegro120 said:

dcs34 said:

Coventry Loyalty Mortgage Saver

A "nice" way to reward existing mortgage holders - perhaps Nationwide could take note for next years fairer share rewards...

Although I'm not sure it's quite enough to encourage someone to take out a mortgage with Coventry, just to get this account!

I think the aim is to encourage the existing mortgage customers to stay.

So do I. Other than the Rainy Day Regular Saver (NLA) the rest of the savings rates are a little on the anemic side.

Looks like The Mortgage Saver is replacing the Loyalty Regular Saver, for now anyway............

Shame, as their Standard Regular Saver @ 4.75% is non-competative :/in the RS market.

schiff

Dizzycap said:

schiff said:

"If you want your money to go back to your nominated account then select that option on your homepage in the App. There should be a link along the bottom of the Regular Saver box. Once you've confirmed, it should say: Thank you for selecting your maturity option, and the link will disappear."

I've tried everything but no joy. The link isn't there - for me anyway. I'll try again in a day or so. There's plenty of time. 

Have you updated the Tipton App? There were a few issues a couple of weeks ago and they did an update with a fresh APP download.

This is the rollover option I have in the most recent Tipton App - Under products:

When I click View I get this Fixed Rate Bond @ 4.05% for my maturing Regular Saver:

It seems we're all getting different offers?

Got a very quick reply to a secure message - I opened the account by post (for some reason!) so it's a cheque for me.
 

Gers

My Tipton app is very buggy. It's still showing three closed accounts from July / Aug time. I've phoned them twice to highlight it, tell me it's a known bug and thank you very much. 

I'm directing my maturing funds to my nominated account. 

simonsmithsays

masonic said:

pokemaster said:

SonOfPearl said:

simonsmithsays said:

gt94sss2 said:

simonsmithsays said:

Skipton Member Saver 7.5% Maturity

As one of the account holders who haven't closed this early (and then opened up the 7% RS) I see that upon logging into the app I see the following

Your account is due to mature on 31 May 2024.

We'll let you know about your maturity options around two weeks before your account maturity date'

Skipton's default rollover option for this account is a 3.8% "matured saver" instant access account

They are also offering a 4.5% one year bond or you can switch to any of their other products available on the 1st June.

The maturity email doesn't list the app as a method of providing maturity instructions, but you can do so online, via email, post, webchat etc

If you want to open a new RS, you need to open a new account from 1st June

Even better is that Skipton are also offering a FA Bonus Saver which is easy access and pays up to 5.2% for six months variable (3.8% after that).

You'll see this option when you login online to complete your instructions and click on Full savings range available online

The T&C for the Skipton FA Bonus Saver states that you need to "have agreed to have an appointment with one of our financial advisers". That's a big no from me then. It's not worth the hassle for a 5.2% variable rate for six months when I currently have several accounts still paying 5%+ anyway. 

To me that reads as “if”

Yes, if you've agreed to have an appointment with one of their FAs, then they can offer you the account. Perhaps you'd be able to open the account without having such an appointment in place, but should expect a call to set one up.

Skipton FA bonus

 Just fyi and off thread and NLA so I won't labour the point 

The call never did happen and the six months is almost up.

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