Regular Savings Accounts: The Best Currently Available List!

surreysaver

simonsmithsays said:

TheWoodler said:

Bobblehat said:

Either they are being remarkably vague or evasive with this reply. Despite the acknowledgement that their maturity email was not clear (an understatement if ever there was one!), I am really not liking the way the Gatehouse have handled this and the previous 13th payment issue. I'm voting with my feet asap after maturity funds are transferred out.

All banks and BS have their institutional, compliance and customer service issues (and I’ve successfully complained where necessary) but I have never been tempted by Gatehouse, despite the fact that on paper they’d fit my criteria really rather well with green and ethical savings. 

I’ve been put off by a number of things I’ve read in the news and reading these reports on the forum about their handling of the various RS issues outlined here confirms to me that Gatehouse isn’t a good fit for my savings portfolio and that I made the right decision - for me - of not nabbing this RS when it came onto the market. It seems to me to go beyond inexperience with a new product in their range.

Reading this forum is part of my due diligence and I’ll be interested to see how this turns out for customers on maturity.

Gatehouse 

For balance..

Meanwhile I've found them to be totally fine.

I didn't bother complaining for the extra couple of pence for the 13th payment and I suspect maturity will work smoothly just as it was spelt out on application.

The irony is that there is a subset of people (see screenshot as an example) with a very low level of complaint threshold who blew a gasket on here and combed the T&C's to try and get an extra couple of pence out of them for a 13th payment and yet didn't comb the same conditions to see what the default maturity option was.

The same people may well be seething reading this post and in another, shoot yourself in the foot moment, inwardly hoping that maturity doesn't go well so they can complain and reply to this.

If they did offer another RS in the future I'd have no qualms using them.

And I'm sure there's certain things in life that you would seethe about, and others on here wouldn't give a second thought!
Each to their own, but as T&Cs form a contract between parties, I prefer the T&Cs to be stuck to

Bobblehat

surreysaver said:

..........

Each to their own, but as T&Cs form a contract between parties, I prefer the T&Cs to be stuck to

Agree totally! But it's the "T&C's" they make up as they go along that have me a bit concerned! Maybe Gatehouse will get better at communication of such matters in future! I won't be making a formal complaint, as it's not cost me anything financially, just a bit of time getting clarification.

subjecttocontract

I couldn't care less about green & ethical savings or wether there have been a few negative reports regarding Gatehouse. I really don't mind waiting a few days for my money. I'm mainly driven by interest rates. If they offer a good return I will put my money with them. The reg saver is 7% for me until Friday and I've put £10K in their fixed rate Woodland Saver at 4.9%. I don't think they are currently offering anything that's competitive.

Speculator

Bigwheels1111 said:

Just looked at my Coventry regular saver, interest has been added £111.96 and changed to an easy access account.
Set up withdrawal for tomorrow the 27th.
All good, I hope Gatehouse goes as smoothly on Friday.

Mine is due to mature tomorrow. Anyone know if Coventry withdrawals are same day or next day? Thanks.

allegro120

Speculator said:

Bigwheels1111 said:

Just looked at my Coventry regular saver, interest has been added £111.96 and changed to an easy access account.
Set up withdrawal for tomorrow the 27th.
All good, I hope Gatehouse goes as smoothly on Friday.

Mine is due to mature tomorrow. Anyone know if Coventry withdrawals are same day or next day? Thanks.

Withdrawals are processed next day.

Bigwheels1111

Speculator said:

Bigwheels1111 said:

Just looked at my Coventry regular saver, interest has been added £111.96 and changed to an easy access account.
Set up withdrawal for tomorrow the 27th.
All good, I hope Gatehouse goes as smoothly on Friday.

Mine is due to mature tomorrow. Anyone know if Coventry withdrawals are same day or next day? Thanks.

Next day.

Have you checked yours, I looked at 23.00 pm last night and it was an easy access account.

So it let me set up a payout today.

Not arrived yet.

Speculator

Bigwheels1111 said:

Speculator said:

Bigwheels1111 said:

Just looked at my Coventry regular saver, interest has been added £111.96 and changed to an easy access account.
Set up withdrawal for tomorrow the 27th.
All good, I hope Gatehouse goes as smoothly on Friday.

Mine is due to mature tomorrow. Anyone know if Coventry withdrawals are same day or next day? Thanks.

Next day.

Have you checked yours, I looked at 23.00 pm last night and it was an easy access account.

So it let me set up a payout today.

Not arrived yet.

Just checked and its still the Loyalty Regular Saver.

 Opened mine 28/11/23 so due to mature by tomorrow. Can't find the maturity letter but sure it said maturity date is 27/11.

Need the money by end of this month to fund next months Regular Savers so hopefully get it by Friday at the latest.

Thanks for the tip. I will check from 10pm for any activity.

pafpcg

Speculator said:

Bigwheels1111 said:

Speculator said:

Bigwheels1111 said:

Just looked at my Coventry regular saver, interest has been added £111.96 and changed to an easy access account.
Set up withdrawal for tomorrow the 27th.
All good, I hope Gatehouse goes as smoothly on Friday.

Mine is due to mature tomorrow. Anyone know if Coventry withdrawals are same day or next day? Thanks.

Next day.

Have you checked yours, I looked at 23.00 pm last night and it was an easy access account.

So it let me set up a payout today.

Not arrived yet.

Just checked and its still the Loyalty Regular Saver.

 Opened mine 28/11/23 so due to mature by tomorrow. Can't find the maturity letter but sure it said maturity date is 27/11.

Coventry Loyalty:

I too opened an account on 28-Nov-2023.  My letter states "At the end of 27th Nov 2024, we'll automatically move your savings to an Easy Saver(7) account".  So the account should be accessible on Thursday 28th and a withdrawal request can be submitted on Thursday which Coventry will debit from the account sometime on Friday morning and funds paid to the external bank account sometime on Friday afternoon (in my experience sometime between 12:30 & 16:30).

allegro120

Bigwheels1111 said:

Speculator said:

Bigwheels1111 said:

Just looked at my Coventry regular saver, interest has been added £111.96 and changed to an easy access account.
Set up withdrawal for tomorrow the 27th.
All good, I hope Gatehouse goes as smoothly on Friday.

Mine is due to mature tomorrow. Anyone know if Coventry withdrawals are same day or next day? Thanks.

Next day.

Have you checked yours, I looked at 23.00 pm last night and it was an easy access account.

So it let me set up a payout today.

Not arrived yet.

I last looked at 7.30pm and it was still RS.  I didn't think anything will happen after that time and gave up looking, thus lost one day of proper interest.  Could have received the money today if I knew the account will be morphed late at night.  

CuparLad

allegro120 said:

Speculator said:

Mine is due to mature tomorrow. Anyone know if Coventry withdrawals are same day or next day? Thanks.

Withdrawals are processed next day.

The Coventry will take your instruction, but will not act on that instruction until the following working day. They operate a bit like a one-day notice account. The funds are not withdrawn on the date of the request, but the following working day, so if you withdraw funds on Tuesday, they will be debited from your account on the Wednesday and sent over by Faster Payment. This means the funds don't arrive overnight, but at some point the following working day. The plus point is an extra day's interest, but if your need for funds is time critical, you have no way of knowing when the funds will arrive.