Regular Savings Accounts: The Best Currently Available List!

surreysaver

devansuk said:

Hello,

My gateway regular saver is due to mature soon, the app says my nominated account must be authenticated before any withdrawals. Does anyone know how do this? Can't find anywhere in the app to set this up. Thanks in advanced.

Gateway's a blast from the past!

Special_Saver2

Hi Folks,

I have just updated the first page of this thread.

- Leeds BS Regular Saver (Issue 58) replaces issue 57 with the same details as the previous issue but a maturity date of 2nd November 2026

- Principality BS 1 Year Regular Saver Bond (Issue 35) replaces issue 34 with lower interest rate of 5.15% fixed on up to £250 per month for 12 months

- Gatehouse Regular Saver Account (Issue 2) added paying 5.3% gross p.a. variable on up to £300 per month for 12 months, no withdrawals allowed before account maturity and I made a note on the entry of forum users reporting with their regular saver accounts are not allowing payments in to be made in the 13th month

I will do the next update within the next 2 weeks.

SS2

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For those new to this thread, the first few posts are regularly updated and are on the first page
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

GetRichOrDieSaving

Probably been covered so apologies, but can you hold more than one issue of the Gatehouse RS at one time? 

lucky77

GetRichOrDieSaving said:

Probably been covered so apologies, but can you hold more than one issue of the Gatehouse RS at one time? 

No. Their t&cs say : Only individuals can open an account and only ONE Regular Saver account is allowed per person. Joint accounts are not permitted. When your account matures at the end of the 12 month term, you may open a new Regular Saver account, subject to availability at that time.

Bigwheels1111

GetRichOrDieSaving said:

Probably been covered so apologies, but can you hold more than one issue of the Gatehouse RS at one time? 

NO,NO,NO.

I found this out Friday.

I had made 2 payments, both got refunded, now waiting for my 13th payment to be refunded.

Dizzycap

devansuk said:

Hello,

My gateway regular saver is due to mature soon, the app says my nominated account must be authenticated before any withdrawals. Does anyone know how do this? Can't find anywhere in the app to set this up. Thanks in advanced.

I believe that you can only authenticate your nominated account through the Gatehouse website. That's what I did before I sent my first payment to my first RS and I didn't have to authenticate before my first RS matured and funds withdrawn through the App.

friolento

GetRichOrDieSaving said:

Probably been covered so apologies, but can you hold more than one issue of the Gatehouse RS at one time? 

I have more than one Gatehouse Regular Saver but they are different issues. You are not allowed more than one of the same issue.

PowerSavingMode

friolento said:

GetRichOrDieSaving said:

Probably been covered so apologies, but can you hold more than one issue of the Gatehouse RS at one time? 

I have more than one Gatehouse Regular Saver but they are different issues. You are not allowed more than one of the same issue.

That's interesting. I wonder if they have since updated their T&Cs, as the new  Regular Saver Account (Issue 2) product literature states:

"Only individuals can open an account and only ONE Regular Saver account is allowed per person. Joint accounts are not permitted. When your account matures at the end of the 12 month term, you may open a new Regular Saver account, subject to availability at that time."

WillPS

Chase (savings) or Kroo are good options for the standing orders to be set up on. Just top the account up once or twice a month (manually, from another easy access account with a better interest rate but no support for standing orders). 

Bridlington1

DJDools said:

friolento said:

GetRichOrDieSaving said:

Probably been covered so apologies, but can you hold more than one issue of the Gatehouse RS at one time? 

I have more than one Gatehouse Regular Saver but they are different issues. You are not allowed more than one of the same issue.

That's interesting. I wonder if they have since updated their T&Cs, as the new  Regular Saver Account (Issue 2) product literature states:

"Only individuals can open an account and only ONE Regular Saver account is allowed per person. Joint accounts are not permitted. When your account matures at the end of the 12 month term, you may open a new Regular Saver account, subject to availability at that time."

The wording was the same when Issue 2 was launched AFAIK and I seem to recall there was this same discussion at the time but Gatehouse was allowing people to open and keep both accounts.

It seems Gatehouse has now began enforcing this term with new accounts that are opened though.