Regular Savings Accounts: The Best Currently Available List!

JamesRobinson48

Every_Penny_Counts said:

Re Monmouthshire BS new Christmas Saver 1.1%

According to their Savings T&C's;

6.25  [...]

Surely this is the "get out of jail free" card?

EPC

Thanks EPC. However, I feel the 'get out of jail free card' with MonBS is actually not para 6.25 (which is about charges), but might instead be para 6.14 (about interest):

6.14 If we make a change to the interest rate we pay on your account which is to your disadvantage we will notify you by sending you a letter, email or other personal notice 30 days in advance of the change. At any time up to 30 days from the date of our notice you may close your account, or transfer your money to another Society account. You may do this without giving us any notice or incurring any charge or loss of interest that would otherwise apply under the Product Terms and Conditions.

Let's just hope the above would prevail over this account's specific T&Cs.  I dunno.

colsten

The first upside of Covid-19 - - KRBS are presently taking postal applications for their RS. You need to call or email them for the application form, and send them an opening deposit either by cheque, or ask them to transfer the opening deposit from another KRBS account in your name.

This RS matures into a KRBS online saver, from which you can make electronic withdrawals (provided you have online access and a nominated current account). It's therefore suitable even for those who don't live anywhere near a KRBS Branch.

Every_Penny_Counts

JamesRobinson48 said:

Every_Penny_Counts said:

Re Monmouthshire BS new Christmas Saver 1.1%

According to their Savings T&C's;

6.25  [...]

Surely this is the "get out of jail free" card?

EPC

Thanks EPC. However, I feel the 'get out of jail free card' with MonBS is actually not para 6.25 (which is about charges), but might instead be para 6.14 (about interest):

6.14 If we make a change to the interest rate we pay on your account which is to your disadvantage we will notify you by sending you a letter, email or other personal notice 30 days in advance of the change. At any time up to 30 days from the date of our notice you may close your account, or transfer your money to another Society account. You may do this without giving us any notice or incurring any charge or loss of interest that would otherwise apply under the Product Terms and Conditions.

Let's just hope the above would prevail over this account's specific T&Cs.  I dunno.

Oops! I inadvertently cut & pasted the wrong bullet point!! This was the one I intended to post....☹️
Thanks for posting the correct one. 

EPC

MarkFromCornwall

Every_Penny_Counts said:

JamesRobinson48 said:

Let's just hope the above would prevail over this account's specific T&Cs.  I dunno.

This suggests that the opposite priority applies...

6 - Terms and Conditions

These specific Product Terms and Conditions apply to this account in addition to our General Terms & Conditions for Savings Accounts. Where there is any inconsistency between the General Terms & Conditions for Savings Accounts and the specific Product Terms and Conditions, the specific Terms and Conditions will apply.

arsenalboy

colsten said:

The first upside of Covid-19 - - KRBS are presently taking postal applications for their RS. You need to call or email them for the application form, and send them an opening deposit either by cheque, or ask them to transfer the opening deposit from another KRBS account in your name.

This RS matures into a KRBS online saver, from which you can make electronic withdrawals (provided you have online access and a nominated current account). It's therefore suitable even for those who don't live anywhere near a KRBS Branch.

When I go onto the KRBS website it states branch only, there is nothing to suggest they will entertain an email approach, can you clarify please?

colsten

arsenalboy said:

colsten said:

The first upside of Covid-19 - - KRBS are presently taking postal applications for their RS. You need to call or email them for the application form, and send them an opening deposit either by cheque, or ask them to transfer the opening deposit from another KRBS account in your name.

This RS matures into a KRBS online saver, from which you can make electronic withdrawals (provided you have online access and a nominated current account). It's therefore suitable even for those who don't live anywhere near a KRBS Branch.

When I go onto the KRBS website it states branch only, there is nothing to suggest they will entertain an email approach, can you clarify please?

That is very strange, especially in the light of last night's lockdown announcement. But you are right, they have removed the "we currently don't open accounts in Branch" notice from their website.

If you are after the RS, I would still ask them for the forms

kaMelo

MarkFromCornwall said:

Every_Penny_Counts said:

JamesRobinson48 said:

Let's just hope the above would prevail over this account's specific T&Cs.  I dunno.

This suggests that the opposite priority applies...

6 - Terms and Conditions

These specific Product Terms and Conditions apply to this account in addition to our General Terms & Conditions for Savings Accounts. Where there is any inconsistency between the General Terms & Conditions for Savings Accounts and the specific Product Terms and Conditions, the specific Terms and Conditions will apply.

That is how I read it too. You can withdraw your money but it will close the account and any interest will be calculated at the easy saver rate. For 1.1% it's not for me as the Skipton is easy access and 1.2% currently. That may change of course but for the time being that's where it will stay.

snow62

Distinctly unimpressed with HSBC.  Regular Saver matured last Thursday so went online to open a new one on Friday.  Won't let me as it says I already have one.  To-ing and fro-ing over so-called 'Chat', which actually seems to mean wait up to a day for a response, eventually told it will take 5 working days for the account to switch to a Flexible Saver.  Meanwhile if I want to open a new RS before then I need to go to a branch.  No thanks, not going anywhere right now unless absolutely necessary.  If 1st Direct, part of HSBC, can do it, why can't HSBC themselves?

JamesRobinson48

Earl Shilton BS's website indicates that, after a hiatus of several months, this BS has now resumed accepting applications for its existing RS product (1.40% variable, max £500pm, indefinite life).  But only for existing members, or residents of defined local postcodes: broadly, in the Leicester area. For any who are eligible and interested, it's well worth reading the T&Cs closely as they are a little unusual.

veryintrigued

arsenalboy said:

colsten said:

The first upside of Covid-19 - - KRBS are presently taking postal applications for their RS. You need to call or email them for the application form, and send them an opening deposit either by cheque, or ask them to transfer the opening deposit from another KRBS account in your name.

This RS matures into a KRBS online saver, from which you can make electronic withdrawals (provided you have online access and a nominated current account). It's therefore suitable even for those who don't live anywhere near a KRBS Branch.

When I go onto the KRBS website it states branch only, there is nothing to suggest they will entertain an email approach, can you clarify please?

KRBS
Confirmed via email that anything other than visiting a branch to open this up will not be entertained.