Regular Savings Accounts: The Best Currently Available List!

Bobblehat

janusdesign said:

Re: Gatehouse...

I can confirm that our Regular Saver account does only allow 12 payments of £300.00, and this has always applied. There are no IT errors and no changes to our Regular Saver policy. Apologies for any confusion or inconvenience this may have caused.

i'm unsure that's true, but hey ho... though these are the same people who categorically told me 12 months ago that the RS must be funded by external account and not via internal transfers.

Your comment to their reply perfectly sums up why I asked forumites to confirm that their 13th external payment had bounced!  Like you, I suspected that I had received confusing (conflicting!) replies from Gatehouse in the past. I tried to make my 13th payment by internal transfer and I had a slight suspicion that that may have been the reason that my 13th payment had failed. My suspicion was wrong, forumite replies confirmed that internal and external 13th payments all bounced. I have not been tempted to complain or further fuel the "compensation culture" debate!

friolento

csw5780 said:

friolento said:

Gers said:

gravel_2 said:

J63320 said:

gravel_2 said:

Still possible to close then immediately reopen Skipton Member Regular Saver? 

If you mean close a matured account and open a new one, Yes. My issue 2 matured yesterday. My Maturity instructions were to transfer the funds to my other Skipton account. I’ve just used the app to check that’s happened, open Issue 3 and make the first payment by transfer from that other account.

No, sorry. In the past the account can be closed mid-term and immediately reopened at same rate with a new maturity date.

I've just closed the RS2 and opened a RS3 within minutes. Good to get the maturity date move further along the year.

I am unable to close my existing account as "Withdraw all funds and close account" is greyed out. Is there a trick I am missing?

You need to set up your nominated account via online login menu. 

My nominated account has been set up on the RS for a few months already

EDIT: Figured it out. I can only close it in the app, not in online banking. All done now.

Aidanmc

janusdesign said:

Re: Gatehouse...

I can confirm that our Regular Saver account does only allow 12 payments of £300.00, and this has always applied. There are no IT errors and no changes to our Regular Saver policy. Apologies for any confusion or inconvenience this may have caused.

i'm unsure that's true, but hey ho... though these are the same people who categorically told me 12 months ago that the RS must be funded by external account and not via internal transfers.

I sent them an email a few days ago, not a complaint as such, but an enquiry about my £300 that hadn't been returned and to say the terms didnt state any max balance as such.

This was their response today.....

Thank you for your email of 2 November, my sincerest apologies for the delay of response.

Please be advised the terms state the Regular Saver account is a 12 month account and the month of maturity would be classed as the 13th month and therefore no deposit is accepted.

I do apologise that the terms and conditions do not explicitly state that the maximum balance is £3600.00, this is under review.

CuparLad

Aidanmc said:

Please be advised the terms state the Regular Saver account is a 12 month account and the month of maturity would be classed as the 13th month and therefore no deposit is accepted.

I do apologise that the terms and conditions do not explicitly state that the maximum balance is £3600.00, this is under review.

I'm not convinced that the terms state that the month of maturity is the 13th month.

It feels like they are trying to enforce terms that are not stated, and hence are unenforceable. IMHO, irrespective of compensation, Gatehouse should be allowing a 13th payment and those payments that were rejected should be allowed and account holders put back in the position they would have been had the 13th payment been accepted.

Bridlington1

kaMelo said:

kippo1 said:

Just opened a market harborough fixed term account and had a look at what other accounts i could apply for,
in the apply for menu was the fixed 6% regular saver so i applied online and it let me have it even though on the first page of this thread it said branch only.
it also said you can have two reg savers with a max of £3750 between the two,so could i apply for another one and deposit £250 a month into each until i have £3750.

Thanks

How did you manage that, there is no online application link?

They've made the application link rather easy to guess and the link still seems to be live:

https://mhbsonline.co.uk/bankfastApply/apply/index?code=1yr01

surreysaver

Bobblehat said:

janusdesign said:

Re: Gatehouse...

I can confirm that our Regular Saver account does only allow 12 payments of £300.00, and this has always applied. There are no IT errors and no changes to our Regular Saver policy. Apologies for any confusion or inconvenience this may have caused.

i'm unsure that's true, but hey ho... though these are the same people who categorically told me 12 months ago that the RS must be funded by external account and not via internal transfers.

Your comment to their reply perfectly sums up why I asked forumites to confirm that their 13th external payment had bounced!  Like you, I suspected that I had received confusing (conflicting!) replies from Gatehouse in the past. I tried to make my 13th payment by internal transfer and I had a slight suspicion that that may have been the reason that my 13th payment had failed. My suspicion was wrong, forumite replies confirmed that internal and external 13th payments all bounced. I have not been tempted to complain or further fuel the "compensation culture" debate!

It's not a 'compensation culture'.  It's a 'try and get the T&Cs right' culture.

Bobblehat

surreysaver said:

Bobblehat said:

janusdesign said:

Re: Gatehouse...

I can confirm that our Regular Saver account does only allow 12 payments of £300.00, and this has always applied. There are no IT errors and no changes to our Regular Saver policy. Apologies for any confusion or inconvenience this may have caused.

i'm unsure that's true, but hey ho... though these are the same people who categorically told me 12 months ago that the RS must be funded by external account and not via internal transfers.

Your comment to their reply perfectly sums up why I asked forumites to confirm that their 13th external payment had bounced!  Like you, I suspected that I had received confusing (conflicting!) replies from Gatehouse in the past. I tried to make my 13th payment by internal transfer and I had a slight suspicion that that may have been the reason that my 13th payment had failed. My suspicion was wrong, forumite replies confirmed that internal and external 13th payments all bounced. I have not been tempted to complain or further fuel the "compensation culture" debate!

It's not a 'compensation culture'.  It's a 'try and get the T&Cs right' culture.

I agree with you .... I was quoting from others' previous posts, which I did not necessarily agree with 

GetRichOrDieSaving

Thanks for the heads up on closing the Skipton RS Issue 2 to open the Issue 3 thus prolonging the fixed 7% maturity date. I’ve just done that successfully with ease and added an additional 10 months!!! 

Are there any other regular savers which have fixed rates and new issues in which the same gain can be achieved?

I can only see products being pulled and new issues released at lower rates as the BOE base rate drops further (presumably of course)…..

masonic

Aidanmc said:

janusdesign said:

Re: Gatehouse...

I can confirm that our Regular Saver account does only allow 12 payments of £300.00, and this has always applied. There are no IT errors and no changes to our Regular Saver policy. Apologies for any confusion or inconvenience this may have caused.

i'm unsure that's true, but hey ho... though these are the same people who categorically told me 12 months ago that the RS must be funded by external account and not via internal transfers.

I sent them an email a few days ago, not a complaint as such, but an enquiry about my £300 that hadn't been returned and to say the terms didnt state any max balance as such.

This was their response today.....

Thank you for your email of 2 November, my sincerest apologies for the delay of response.

Please be advised the terms state the Regular Saver account is a 12 month account and the month of maturity would be classed as the 13th month and therefore no deposit is accepted.

I do apologise that the terms and conditions do not explicitly state that the maximum balance is £3600.00, this is under review.

It is not a 12 month account, it is an account with a 12 month term (a duration equivalent to 12 calendar months, aka 365/366 days or 1 year). A 12 month term does not mean the term ends at the end of the 12th calendar month, or you'd have your money back already.

GetRichOrDieSaving

JamesRobinson48 said:

GetRichOrDieSaving said:

Thanks for the heads up on closing the Skipton RS Issue 2 to open the Issue 3 thus prolonging the fixed 7% maturity date. I’ve just done that successfully with ease and added an additional 10 months!!! 

Are there any other regular savers which have fixed rates and new issues in which the same gain can be achieved?

I can only see products being pulled and new issues released at lower rates as the BOE base rate drops further (presumably of course)…..

You could try closing, and then promptly reopening, the Principality BS 6 Month RS (8.00% AER). No guarantees that would work mind.

I’ve attempted it so will report back.

Account will be closed and funds transferred tomorrow (07.11.2024) then I will see if I can reopen another one….