Regular Savings Accounts: The Best Currently Available List!

Hattie627

s71hj said:

Bridlington1 said:

[Deleted User] said:

Reading through the posts, I opened and funded the new Coventry seasonal saver today.

Can I put another £250 in early Jan or do I need to wait till the 20th? 

Its no issue, I fund the highest payers first so its down the list but just wondered.

The account runs on an account month basis, if you opened and fully funded it on 20/12/24 you'd need to wait till 20/1/25 before funding it again.

Sorry if this has been covered elsewhere but how do I do the s/o as in, what reference , account name, sort code etc. Their bumf online doesn't seem to cover this as far as I can see.

Use the same details for the SO as used for the initial payment.
Account name:- your name
Type of account:- personal
Sort code and account no:- as supplied by Coventry BS in your "welcome to your new account" email
Reference: anything you want to help you identify what the SO is for on your list of SOs (I put "Coventry BS LSS", but this may be too many letters depending on your bank's system)

[Deleted User]

Bridlington1 said:

[Deleted User] said:

Reading through the posts, I opened and funded the new Coventry seasonal saver today.

Can I put another £250 in early Jan or do I need to wait till the 20th? 

Its no issue, I fund the highest payers first so its down the list but just wondered.

The account runs on an account month basis, if you opened and fully funded it on 20/12/24 you'd need to wait till 20/1/25 before funding it again.

Right, thankyou, I figured that was the case but thought I'd better ask. Thanks again.

ernie-money

Does anyone know if there is an account the Bath BS will allow you to open in spite of not living locally - in order to then become an "existing member" and qualify for the regular saver account..? 🤔

chris_the_bee

ernie-money said:

Does anyone know if there is an account the Bath BS will allow you to open in spite of not living locally - in order to then become an "existing member" and qualify for the regular saver account..? 🤔

You can open an Instant Access account as a non-local but you need 12 months continuous membership to qualify for the regular saver. But why, as the rate drops to 4.04% from 3rd Jan 2025. However, if you are young enough the 16-25 Regular Saver will pay 7.09%. 

soulsaver

ernie-money said:

Does anyone know if there is an account the Bath BS will allow you to open in spite of not living locally - in order to then become an "existing member" and qualify for the regular saver account..? 🤔

Check their ISAs. They were £1 min and open to all when I opened mine. And they are one of the few that allow(ed?) additional 'new money' deposits to their fixed rate accounts.

Bridlington1

chris_the_bee said:

ernie-money said:

Does anyone know if there is an account the Bath BS will allow you to open in spite of not living locally - in order to then become an "existing member" and qualify for the regular saver account..? 🤔

You can open an Instant Access account as a non-local but you need 12 months continuous membership to qualify for the regular saver. But why, as the rate drops to 4.04% from 3rd Jan 2025. However, if you are young enough the 16-25 Regular Saver will pay 7.09%. 

Bath BS's JISA has often been (and currently is AFAIK) the top JISA on offer. This account is currently limited to those ``who live, work or study in Bath, or the parent, grandparent or guardian has been a Bath Building Society customer for at least the last 12 months". 

Additionally they could decide to offer something competitive in the future for existing customers and those who live, work or study in Bath or have been a Bath Building Society customer for at least the last 12 months.

Their Instant access account can be opened with £1, which seems easy enough to do on the off chance.

where_are_we

Coventry Loyalty Seasonal Saver - I prefer to fund it on the 20th of each month because I need a very large sum to fund the many RS`s I currently have which are funded on the 1st of the month by SO. I can use my weekly pension payments for the funding of the few non 1st of the month RS SO`s thus helping with cash flow. I fund using SO`s as opposed to doing manual payments so having SO dates not on the 1st of each month is not an issue.

I noticed there is are no withdrawals and no option to close this account and realise the interest accrued without penalty. I presume if they dropped the interest rate we would be able to close the account without penalty.

Many seasonal thanks to Bridlington and others who post these new RS offerings.

I wrongly assumed new RS accounts with high interest rates would become less frequent in the present climate but the merry go round continues unabated!

flaneurs_lobster

where_are_we said:

Coventry Loyalty Seasonal Saver .... I presume if they dropped the interest rate we would be able to close the account without penalty.

If that's a question then I think the answer is no - if the interest rate is decreased then the withdrawal penalty remains (loss of 30 day's interest) albeit at a lower rate.

Bridlington1

flaneurs_lobster said:

where_are_we said:

Coventry Loyalty Seasonal Saver .... I presume if they dropped the interest rate we would be able to close the account without penalty.

If that's a question then I think the answer is no - if the interest rate is decreased then the withdrawal penalty remains (loss of 30 day's interest) albeit at a lower rate.

My interpretation would be yes.

The General Ts&Cs state:




Thus if the interest rate was reduced you'd be able to close the account without penalty within 30 days of being notified of the decrease.

flaneurs_lobster

Bridlington1 said:

My interpretation would be yes.
.
Thus if the interest rate was reduced you'd be able to close the account without penalty within 30 days of being notified of the decrease.

By "no" I did, of course, mean "yes"..

Missed the override clause in the General T&Cs. Thanks @Bridlington1.