Regular Savings Accounts: The Best Currently Available List!

allegro120

gt94sss2 said:

Gatehouse have added the interest/profit due to those who opened their RS accounts on 29/11/23.

Not 100% sure what rate is applicable to the easy access accounts. I would be pleasantly surprised if it is 5% as the account suggests in online banking/their app..

I didn't expect this, I thought they will either morph the account into EA at 4.51% (4.6%AER) or transfer the money into my existing EA.  5% EPR is 5.12% AER, but it is still showing as Regular Saver.  If it shows as EA at this rate tomorrow I won't be withdrawing. 

Aidanmc

allegro120 said:

gt94sss2 said:

Gatehouse have added the interest/profit due to those who opened their RS accounts on 29/11/23.

Not 100% sure what rate is applicable to the easy access accounts. I would be pleasantly surprised if it is 5% as the account suggests in online banking/their app..

I didn't expect this, I thought they will either morph the account into EA at 4.51% (4.6%AER) or transfer the money into my existing EA.  5% EPR is 5.12% AER, but it is still showing as Regular Saver.  If it shows as EA at this rate tomorrow I won't be withdrawing. 

Thats what i was thinking! Can we add more to it i wonder?

GetRichOrDieSaving

Yeah I’m keeping mine put until we understand more about this mysterious account….

GetRichOrDieSaving

allegro120 said:

gt94sss2 said:

Gatehouse have added the interest/profit due to those who opened their RS accounts on 29/11/23.

Not 100% sure what rate is applicable to the easy access accounts. I would be pleasantly surprised if it is 5% as the account suggests in online banking/their app..

I didn't expect this, I thought they will either morph the account into EA at 4.51% (4.6%AER) or transfer the money into my existing EA.  5% EPR is 5.12% AER, but it is still showing as Regular Saver.  If it shows as EA at this rate tomorrow I won't be withdrawing. 

Mines states 5% AER in app. 

Bigwheels1111

Mine is the same 5%, was going to move to Trading212 but will leave it be for now.

As long as its 5% that is.

£156.20, 13th payment made.

allegro120

Aidanmc said:

allegro120 said:

gt94sss2 said:

Gatehouse have added the interest/profit due to those who opened their RS accounts on 29/11/23.

Not 100% sure what rate is applicable to the easy access accounts. I would be pleasantly surprised if it is 5% as the account suggests in online banking/their app..

I didn't expect this, I thought they will either morph the account into EA at 4.51% (4.6%AER) or transfer the money into my existing EA.  5% EPR is 5.12% AER, but it is still showing as Regular Saver.  If it shows as EA at this rate tomorrow I won't be withdrawing. 

Thats what i was thinking! Can we add more to it i wonder?

If that's a normal EA account then we can, the limit for my existing EA is £250,000.

Aidanmc

allegro120 said:

Aidanmc said:

allegro120 said:

gt94sss2 said:

Gatehouse have added the interest/profit due to those who opened their RS accounts on 29/11/23.

Not 100% sure what rate is applicable to the easy access accounts. I would be pleasantly surprised if it is 5% as the account suggests in online banking/their app..

I didn't expect this, I thought they will either morph the account into EA at 4.51% (4.6%AER) or transfer the money into my existing EA.  5% EPR is 5.12% AER, but it is still showing as Regular Saver.  If it shows as EA at this rate tomorrow I won't be withdrawing. 

Thats what i was thinking! Can we add more to it i wonder?

If that's a normal EA account then we can, the limit for my existing EA is £250,000.

Just read the message they sent.

Looks like we can deposit.

Here is a summary of your account:

· Current profit rate: 5.00%
· Current balance: 00000003754.32
What happens next?
As per the Regular Saver Terms and Conditions, we have automatically moved your funds into an
Easy Access account. You´re able to view your new account by logging into your account online.
You´re able to make deposits or withdrawals or you can close this account online.
If you have any questions, or would like to speak to a member of our team, call us on 0345 600 3350
and we´ll be happy to help.
Thank you for choosing Gatehouse Bank.

Edit. I didn't make the 13th deposit. It was returned and i didnt bother with it after that,

allegro120

GetRichOrDieSaving said:

allegro120 said:

gt94sss2 said:

Gatehouse have added the interest/profit due to those who opened their RS accounts on 29/11/23.

Not 100% sure what rate is applicable to the easy access accounts. I would be pleasantly surprised if it is 5% as the account suggests in online banking/their app..

I didn't expect this, I thought they will either morph the account into EA at 4.51% (4.6%AER) or transfer the money into my existing EA.  5% EPR is 5.12% AER, but it is still showing as Regular Saver.  If it shows as EA at this rate tomorrow I won't be withdrawing. 

Mines states 5% AER in app. 

States 5.00% Gross p.a. / AER.  Not clear what it is, it won't matter for RS, but will make a difference for EA. In any case in current environment 5% is a great EA rate.

Hattie627

Gatehouse RS Maturity

I've made a stupid mistake. Rushed in and closed the account using the app. Money to be transferred tomorrow to my nominated account. I don't think I can reverse the closure instruction. Lesson learned, don't act in haste.

GetRichOrDieSaving

allegro120 said:

GetRichOrDieSaving said:

allegro120 said:

gt94sss2 said:

Gatehouse have added the interest/profit due to those who opened their RS accounts on 29/11/23.

Not 100% sure what rate is applicable to the easy access accounts. I would be pleasantly surprised if it is 5% as the account suggests in online banking/their app..

I didn't expect this, I thought they will either morph the account into EA at 4.51% (4.6%AER) or transfer the money into my existing EA.  5% EPR is 5.12% AER, but it is still showing as Regular Saver.  If it shows as EA at this rate tomorrow I won't be withdrawing. 

Mines states 5% AER in app. 

States 5.00% Gross p.a. / AER.  Not clear what it is, it won't matter for RS, but will make a difference for EA. In any case in current environment 5% is a great EA rate.

Completely agree!