Regular Savings Accounts: The Best Currently Available List!

Horracce

Can anyone give me an idea of timescale between going on Zopa waiting list for bank account and then being able to open a regular saver with them ?

AmityNeon

Horracce said:

Can anyone give me an idea of timescale between going on Zopa waiting list for bank account and then being able to open a regular saver with them ?

20 days for me, but I doubt that's representative of any generally applicable waiting time. Check your app every day as many have reported receiving the invitation in the app without a prior email notification.

crumpet_man

AmityNeon said:

Horracce said:

Can anyone give me an idea of timescale between going on Zopa waiting list for bank account and then being able to open a regular saver with them ?

20 days for me, but I doubt that's representative of any generally applicable waiting time. Check your app every day as many have reported receiving the invitation in the app without a prior email notification.

Joined waiting list November 13 and received invite today, December 3.

Horracce

Great, thanks, I’ll download the app then .. what’s the monthly maximum deposit for their regular saver ?

refluxer

Horracce said:

Great, thanks, I’ll download the app then .. what’s the monthly maximum deposit for their regular saver ?

It's £300/month

https://www.zopa.com/help/article/regular-saver-pot-explainer 

masonic

AmityNeon said:

Horracce said:

Can anyone give me an idea of timescale between going on Zopa waiting list for bank account and then being able to open a regular saver with them ?

20 days for me, but I doubt that's representative of any generally applicable waiting time. Check your app every day as many have reported receiving the invitation in the app without a prior email notification.

Thanks for the tip, I only joined the waitlist a week or so ago, but checking the app today I have the invite.

pecunianonolet

Just another reminder the Zopa regular saver pays interest monthly. A reason why I specifically didn't open it (yet) because of the tax I would need to pay on the gains. I doubt they withdraw the regular saver anytime soon while they are still in beta as it is a key marketing instrument to lure new customers in and attract funds as their other account rates are non competitive. 

masonic

pecunianonolet said:

Just another reminder the Zopa regular saver pays interest monthly. A reason why I specifically didn't open it (yet) because of the tax I would need to pay on the gains. I doubt they withdraw the regular saver anytime soon why they are still in beta as it is a key marketing instrument to lure new customers in and attract funds as their other account rates are non competitive. 

I did notice a different gross rate, but was rushing through the application with a view to go back and fill in the detail later. I also hadn't appreciated it was a mensiversary account, so good job I didn't delay until later in the month thinking I could get a 13th payment in for a decent spell.

I think I'll set up the autosave to pull money in since it won't go out in my manual payment run on the 1st.

happybagger

Suffolk BS rate drops from 16 Dec, all variable rate accounts:

Open issues:
1 year RS from 5.15% to 5%
2 year RS from 5% to 4.8%

Closed issues:
Smart Save and Holiday Save from 4.9% to 4.7%

roked

jaypers said:

roked said:

Bridlington1 said:

Principality BS to launch a 6 Month Regular Saver Issue 2 over the coming days.

No further details are known yet but the application link to the account has appeared on their website which implies Issue 1 at 8% shall be replaced within the next week or so.

Thanks for the heads up on this.
Has anyone heard anything more on the issue 2? I am in two minds at the moment whether to close the existing and open another one. It would currently take more than a 1.5% drop in interest rate to make it worthwhile versus letting the existing one run to the 23rd. 
This is also dependent on whether both issues can be open at the same time too.

If I was a betting man I would suspect that this will be launched on 5th December when their flexible rates drop and it will be at a lower rate than at present. If you want to maximise your interest, would close now perhaps, reopen and then see what happens. In the very unlikely event it’s something better, you can always close and reopen again. 

Thanks the info, i did go ahead and close it, took an hour and now have the new one open. Lets see what happens now :-)