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Regular Savings Accounts: The Best Currently Available List!

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  • SFindlay
    SFindlay Posts: 393 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    lhsecons said:
    - Added Saffron BS 12 Month Fixed Rate Regular Saver (Issue 7) paying 1.5% fixed on up to £500 per month for 1 year but you can only have one Regular Saver with Saffron BS at any one time

    Just went to apply for this, and found it's only available to customers resident in their usual range of postcodes. 
    As is clearly stated in Special Saver2’s note!!
    Please show where on Special Saver2 note it CLEARLY states this?? Others outside the area have reported being able to open account online so its obviously hit and miss. 
  • SaverRate
    SaverRate Posts: 977 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    I have just applied for the Saffron Account and nothing came up during the application about my address not being in the specified post codes. Can anyone confirm if you can make withdrawals using their online banking as under the withdrawals FAQs its not very clear?
  • I have just applied for the Saffron Account and nothing came up during the application about my address not being in the specified post codes. Can anyone confirm if you can make withdrawals using their online banking as under the withdrawals FAQs its not very clear?
    You mean you didn't read this on the pre- application summary page 

    Just remember...

    • This account is restricted to customers in the following postcodes; AL, CB, CM, CO, EN, IG, RM, SG and SS

    and then this on the application page itself...

    Account Opening Restriction

    • *This account can only be opened if you are resident within the following post code areas:
    • CB,CO,CM,SG,SS,RM,IG,EN and AL
    All very clearly displayed right next to the continue button.
    Specsavers ?  ;)

  • I have just applied for the Saffron Account and nothing came up during the application about my address not being in the specified post codes. Can anyone confirm if you can make withdrawals using their online banking as under the withdrawals FAQs its not very clear?

    I have (or have had) a number of Saffron Accounts, including the Regular Saver Issue 3 (which was open to all postcodes as long as you had online accounts).  In principle when the Regular Saver matured it could only be managed in branch/by post, however, I was able to give instructions via the Secure Message facility to transfer the balance to one of my online accounts. I could then withdraw my money from Saffron from the online account. It was a little round-about, but it got the job done. I did email them in advance to check that this was all possible, and they said it was.  I may have been allowed to get away with this because it was May 2020, and restricitons at the time meant they were discouraging branch attendance (not that I would have wanted to as I'm miles away!)
  • SaverRate
    SaverRate Posts: 977 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    I have just applied for the Saffron Account and nothing came up during the application about my address not being in the specified post codes. Can anyone confirm if you can make withdrawals using their online banking as under the withdrawals FAQs its not very clear?
    You mean you didn't read this on the pre- application summary page 

    Just remember...

    • This account is restricted to customers in the following postcodes; AL, CB, CM, CO, EN, IG, RM, SG and SS

    and then this on the application page itself...

    Account Opening Restriction

    • *This account can only be opened if you are resident within the following post code areas:
    • CB,CO,CM,SG,SS,RM,IG,EN and AL
    All very clearly displayed right next to the continue button.
    Specsavers ?  ;)

    Yes I did read this, thank you. I meant nothing came up to stop me applying because of my postcode! Thought I would give it a try to see if it would let me apply after some people said it didn't stop you
  • granta
    granta Posts: 504 Forumite
    Tenth Anniversary 100 Posts Photogenic Name Dropper
    I have just applied for the Saffron Account and nothing came up during the application about my address not being in the specified post codes. Can anyone confirm if you can make withdrawals using their online banking as under the withdrawals FAQs its not very clear?
    You mean you didn't read this on the pre- application summary page 

    Just remember...

    • This account is restricted to customers in the following postcodes; AL, CB, CM, CO, EN, IG, RM, SG and SS

    and then this on the application page itself...

    Account Opening Restriction

    • *This account can only be opened if you are resident within the following post code areas:
    • CB,CO,CM,SG,SS,RM,IG,EN and AL
    All very clearly displayed right next to the continue button.
    Specsavers ?  ;)

    Yes I did read this, thank you. I meant nothing came up to stop me applying because of my postcode! Thought I would give it a try to see if it would let me apply after some people said it didn't stop you
    I assumed that once opened, they would just return your deposit and close the account. But let us know what happens.
  • liamcov
    liamcov Posts: 643 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    granta said:
    I have just applied for the Saffron Account and nothing came up during the application about my address not being in the specified post codes. Can anyone confirm if you can make withdrawals using their online banking as under the withdrawals FAQs its not very clear?
    You mean you didn't read this on the pre- application summary page 

    Just remember...

    • This account is restricted to customers in the following postcodes; AL, CB, CM, CO, EN, IG, RM, SG and SS

    and then this on the application page itself...

    Account Opening Restriction

    • *This account can only be opened if you are resident within the following post code areas:
    • CB,CO,CM,SG,SS,RM,IG,EN and AL
    All very clearly displayed right next to the continue button.
    Specsavers ?  ;)

    Yes I did read this, thank you. I meant nothing came up to stop me applying because of my postcode! Thought I would give it a try to see if it would let me apply after some people said it didn't stop you
    I assumed that once opened, they would just return your deposit and close the account. But let us know what happens.
    Staff carry out a manual check a few days after opening, so will close down and transfer any money back to these naughty people who can't abide by the rules - perhaps they should deduct 10% for their time?
  • glider3560
    glider3560 Posts: 4,115 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    liamcov said:
    granta said:
    I have just applied for the Saffron Account and nothing came up during the application about my address not being in the specified post codes. Can anyone confirm if you can make withdrawals using their online banking as under the withdrawals FAQs its not very clear?
    You mean you didn't read this on the pre- application summary page 

    Just remember...

    • This account is restricted to customers in the following postcodes; AL, CB, CM, CO, EN, IG, RM, SG and SS

    and then this on the application page itself...

    Account Opening Restriction

    • *This account can only be opened if you are resident within the following post code areas:
    • CB,CO,CM,SG,SS,RM,IG,EN and AL
    All very clearly displayed right next to the continue button.
    Specsavers ?  ;)

    Yes I did read this, thank you. I meant nothing came up to stop me applying because of my postcode! Thought I would give it a try to see if it would let me apply after some people said it didn't stop you
    I assumed that once opened, they would just return your deposit and close the account. But let us know what happens.
    Staff carry out a manual check a few days after opening, so will close down and transfer any money back to these naughty people who can't abide by the rules - perhaps they should deduct 10% for their time?
    Or maybe just set up the application so only those eligible can apply?
  • veryintrigued
    veryintrigued Posts: 3,843 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 28 October 2020 at 4:19PM
    liamcov said:
    granta said:
    I have just applied for the Saffron Account and nothing came up during the application about my address not being in the specified post codes. Can anyone confirm if you can make withdrawals using their online banking as under the withdrawals FAQs its not very clear?
    You mean you didn't read this on the pre- application summary page 

    Just remember...

    • This account is restricted to customers in the following postcodes; AL, CB, CM, CO, EN, IG, RM, SG and SS

    and then this on the application page itself...

    Account Opening Restriction

    • *This account can only be opened if you are resident within the following post code areas:
    • CB,CO,CM,SG,SS,RM,IG,EN and AL
    All very clearly displayed right next to the continue button.
    Specsavers ?  ;)

    Yes I did read this, thank you. I meant nothing came up to stop me applying because of my postcode! Thought I would give it a try to see if it would let me apply after some people said it didn't stop you
    I assumed that once opened, they would just return your deposit and close the account. But let us know what happens.
    Staff carry out a manual check a few days after opening, so will close down and transfer any money back to these naughty people who can't abide by the rules - perhaps they should deduct 10% for their time?
    Coincidentally they (Saffron) do seem to want me to go to some pensions meeting with them (email and phone call) but won't allow me to take a RS.

    Seems it's ok not to live in the post code for that.

    I sense my donkeys years relationship with them is coming to an end.



  • castle96
    castle96 Posts: 2,979 Forumite
    Part of the Furniture 1,000 Posts
    Upsell....sell sell sell! Use a broker
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