Regular Savings Accounts: The Best Currently Available List!

csw5780

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.

Did exactly that last night. New account open and funded today

veggieblob

csw5780 said:

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 closed and re-opened Principality 6m this morning.  Money in my bank and new account funded before the new interest rate announced!  Thanks so much for the very helpful posts on here.  I would never have thought of extending Skipton and Principality even though I've done similar with LBG.  Such a help to those of us trying to make our savings pot last as long as possible

Gers

Re Gatehouse 13th payment into RS. I've been in an email conversation with them this morning. The final response was:

Further to my previous email, we have just been informed via senior management that as a result of feedback regarding our Regular Saver terms and conditions, we have successfully amended our payment acceptance to accept an additional £300 to your regular saver.  I apologise for any inconvenience and confusion caused.

 Great result despite the time involved - well done Gatehouse. I presume that they are adjusting the T&Cs for the future and am happy that they have dealt with the issue.

SJMALBA

RE. Gatehouse Rejected 13th Deposit.

Complaint handler contacted me yesterday to apologise for the confusion and inconvenience caused, that quite a number of customers had contacted them, and that the matter had been escalated to head office for review/investigation; also said that their system does not allow a 13th deposit. I politely took issue with the characterisation of what had happened as being due to 'confusion', pointing out the I, and other customers, had acted in accordance with the Ts & Cs of the account, and that, IMO, the bank had not; she said this would be fed back to head office. She further said that their investigation would not be able to consider allowing a 13th deposit.

Complaint handler called back a short time later to say that she had just received confirmation that head office would now consider the option of allowing a 13th payment.

Another call today to say that a 13th deposit can now be sent again, with interest backdated to when originally sent, for all customers affected.

EDIT: I see that @Gers beat me to it! 

And yes, they are reviewing the Ts & Cs for their RS.

RosieRooBear

Gers said:

Re Gatehouse 13th payment into RS. I've been in an email conversation with them this morning. The final response was:

Further to my previous email, we have just been informed via senior management that as a result of feedback regarding our Regular Saver terms and conditions, we have successfully amended our payment acceptance to accept an additional £300 to your regular saver.  I apologise for any inconvenience and confusion caused.

 Great result despite the time involved - well done Gatehouse. I presume that they are adjusting the T&Cs for the future and am happy that they have dealt with the issue.

Thank you @Gers, £300 paid back into Gatehouse RS 😊

subjecttocontract

Doubt I'll bother......it's worth less than £2.......or am I missing something here ?

E_zroda

veggieblob said:

csw5780 said:

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 closed and re-opened Principality 6m this morning.  Money in my bank and new account funded before the new interest rate announced!  Thanks so much for the very helpful posts on here.  I would never have thought of extending Skipton and Principality even though I've done similar with LBG.  Such a help to those of us trying to make our savings pot last as long as possible

How long between the closure and the re-opening please?
Thanks.

janusdesign

subjecttocontract said:

Doubt I'll bother......it's worth less than £2.......or am I missing something here ?

if you mean Gatehouse, I think it's closer to £23 (according to MSE RS Calc) - it will effectively be £3,900 at 7% for one month.

veggieblob

E_zroda said:

veggieblob said:

I closed and re-opened Principality 6m this morning.  Money in my bank and new account funded before the new interest rate announced!  Thanks so much for the very helpful posts on here.  I would never have thought of extending Skipton and Principality even though I've done similar with LBG.  Such a help to those of us trying to make our savings pot last as long as possible

How long between the closure and the re-opening please?
Thanks.

I instigated closure at 9.30, got confirmation of closure at 10.15.  Immediately opened and funded the new account.  Funds arrived around 11.30

Stargunner

janusdesign said:

subjecttocontract said:

Doubt I'll bother......it's worth less than £2.......or am I missing something here ?

I think it's closer to £23 (according to MSE RS Calc) - it will effectively be £3,900 at 7% for one month.

The account will already have £3600 in it, so it is only 7% interest on an additional £300 for a month, which is less than £2 gain if the £300 was sitting in a zero interest account, but as it is likely to come from an EA account earning around 5% the actual gain would be about 50p.