Regular Savings Accounts: The Best Currently Available List!

colsten

SFindlay said:

Also note the 7 days is UP TO 7 days so if account switching is straightforward and ID checks etc can be conducted online like most will then there is still a chance!! 

I admire your optimism. Unfortunately, you are mistaken, as the very earliest switch date on offer from M&S is two weeks from today. Before you say anything about complaining: there isn't actually any guarantee that you can choose a switch date 7 days from submitting the switch request.

Nick_C

SFindlay said:

Yes I appreciate that but its just a play of words isn't it!! The point is M&S stipulate RS can only be opened by customers who have "switched to us using the current account switch service" which pretty much means opened their current account using the switching service doesn't it?!?!? 

No, it's not a play on words.  Its an important point.  

You cannot switch an account to M&S until you have opened an M&S Current Account.

Try it!  https://webforms.marksandspencer.com/cassform

The switching form asks "Do you have an open M&S Current Account?"  If you answer "No", you get an error message "You must have an open M&S Current Account to switch to us".  

SFindlay

Nick_C 

No, it's not a play on words.  Its an important point.  

You cannot switch an account to M&S until you have opened an M&S Current Account

And you can't open a RS (point if this whole thread and reason point raised!!!!) Without using their SWITCHING SERVICE (M&S terminology not mine!) So YES it is very much a play on words!!
Anyway as I say this is a RS thread not a discussion about switching service so your points are just derailing the thread so time to bring it to an end. 🙂

Nick_C

SFindlay said:

Anyway as I say this is a RS thread not a discussion about switching service so your points are just derailing the thread so time to bring it to an end. 🙂

It is you who have derailed the thread with your inaccurate comments on my post.  But I agree, it is time to bring this to an end.  It should never have started.

Most people who follow this thread are well informed and will have understood the process, but perhaps not the timescales involved.

The main site currently says :

"If you DON'T have a current account with one of these banks currently, then it IS still possible to get a current account and then open a regular saver.

M&S Bank told us you don't need to have completed a switch to it before you open a regular saver, so if you apply to switch your current account to M&S Bank by Thursday 12 November, and at the same time open a regular saver, you could still beat the deadline."

That advice is unrealistic for M&S.  Hence my informative post. 

SFindlay

Nick_C said:

Most people who follow this thread are well informed and will have understood the process, but perhaps not the timescales involved

Spot on Nick most people who follow the thread are well informed and knowledgeable which is why they will have used the current account switching service to get rid of one of their non profitable current accounts for a M&S current account in order to access the market leading RS they provided LONG ago and not just 3 weeks ago!!! 🤣🤣

Speculator

My Principality regular matured today and I expected the money to be in my bank a/c on Monday. (next working day)
Just checked my Santander and the money is already in there!

SFindlay

Speculator said:

My Principality regular matured today and I expected the money to be in my bank a/c on Monday. (next working day)
Just checked my Santander and the money is already in there!

Thats one of reasons I like Principality so much, I had 2 matured yesterday and by 9 o'clock money was in my current account and my new Christmas 2021 saver was opened and funded from the maturing one. I'm hoping they return to releasing new issues every 2 months after issue 23 recently issued.
Got a Santander maturing next week and HSBC later in month, Santander already said will take 4 days to appear in current account and will see how long HSBC take!! 

surreysaver

Speculator said:

My Principality regular matured today and I expected the money to be in my bank a/c on Monday. (next working day)
Just checked my Santander and the money is already in there!

Same with me.  And the 2021 Christmas Regular Saver is already open.  I notice the account number is the same as the 2020 Christmas Saver, though.  I wonder if keeping the Standing Oder going would have worked?  Might be worth checking that if they decide to do a 2022 Christmas Saver.

castle96

? "not available until 12th Nov" ?

SFindlay

castle96 said:

? "not available until 12th Nov" ?

Not available for new applicants till 12th however for those that had Christmas 2020 saver one of the maturity options was to open a 2021 version with part of maturing funds so giving existing customers first option at it which again is good customer service.