Regular Savings Accounts: The Best Currently Available List!

Bobblehat

Ibliss said:

Great, good to know! Also spotted that Coventry BS has an issue 3 reg.sav. which I should be able to apply for as I currently have an issue 2.  This is good timing for me as I was looking for something to do with my NS&I savings once the rate drops.

I thought I'd mention, just to clarify for other forumites, you would have to wait until Issue 2 Coventry BS RS finished before applying for Issue 3 RS ... according to their CS agent, you can only hold one Coventry RS at a time regardless of Issue number.

Every_Penny_Counts

Bobblehat said:

I thought I'd mention, just to clarify for other forumites, you would have to wait until Issue 2 Coventry BS RS finished before applying for Issue 3 RS ... according to their CS agent, you can only hold one Coventry RS at a time regardless of Issue number.

Re Coventry RS

The agent may say that but it doesn't seem to be enforced if you apply online through an account for one, as I currently have both issue 2 & issue 3.  Both have been open & running for sometime.

castle96

Me too. 2 x RS with Cov

wiseonesomeofthetime

And me 

Gers

Every_Penny_Counts said:

Bobblehat said:

I thought I'd mention, just to clarify for other forumites, you would have to wait until Issue 2 Coventry BS RS finished before applying for Issue 3 RS ... according to their CS agent, you can only hold one Coventry RS at a time regardless of Issue number.

Re Coventry RS

The agent may say that but it doesn't seem to be enforced if you apply online through an account for one, as I currently have both issue 2 & issue 3.  Both have been open & running for sometime.

Me also!  Issue 2 in Jan this year and issue 3 in Sept this year. 

General_Grant

Bobblehat said:

Ibliss said:

Great, good to know! Also spotted that Coventry BS has an issue 3 reg.sav. which I should be able to apply for as I currently have an issue 2.  This is good timing for me as I was looking for something to do with my NS&I savings once the rate drops.

I thought I'd mention, just to clarify for other forumites, you would have to wait until Issue 2 Coventry BS RS finished before applying for Issue 3 RS ... according to their CS agent, you can only hold one Coventry RS at a time regardless of Issue number.

You may have spoken to the same CS agent that I spoke with.  She told me that I would still lose 30 days interest if I closed the RS account if they dropped the interest rate. 
I phoned today and spoke to a different CS agent who was able to give the correct information (you can close without loss of interest if they drop the rate and you close the account within 30 days).  He said he would pass my request that all CS agents be reminded of the rule (page 34 of the general t&C).

dcs34

Just set up Principality Regular Saver Xmas 2021. Looking at my 2020 issue which is due to mature in mid December.
I've made 12 payments, one each month, on the opening day (mid-month) and then the first day of each month thereafter, and have a balance of £1,500. 

I know the terms say £1,500 is the maximum account balance but if a thirteenth payment were to be sent on 1st December before it matured later that month, any ideas how Principality would deal with it? I know some BS will just return it, others hold onto it but it doesn't pay interest...the T&Cs imply they'd get in touch with me and ask me to correct it so wouldn't seem to be a serious breach of terms just to see what happens!

lantanna

Also set up principality RS, set up Virgin Money last month, have Coventry issue 2 and waiting for my Halifax RS to mature next month and then il set up a new Halifax RS. That will be me maxed out with RS for the year. These including my Halifax help to buy isa and the dribble I now keep in my Marcus account combine to give me my house deposit which will be ready by the end of 2021.

schiff

lantanna said:

Also set up principality RS, set up Virgin Money last month, have Coventry issue 2 and waiting for my Halifax RS to mature next month and then il set up a new Halifax RS. That will be me maxed out with RS for the year. These including my Halifax help to buy isa and the dribble I now keep in my Marcus account combine to give me my house deposit which will be ready by the end of 2021.

You would be better off with Coventry RS (3) at 1.55% rather than a new Halifax at 1.00%. Larger deposit limit £500/£250 as well.

SFindlay

dcs34 said:

Just set up Principality Regular Saver Xmas 2021. Looking at my 2020 issue which is due to mature in mid December.
I've made 12 payments, one each month, on the opening day (mid-month) and then the first day of each month thereafter, and have a balance of £1,500. 

I know the terms say £1,500 is the maximum account balance but if a thirteenth payment were to be sent on 1st December before it matured later that month, any ideas how Principality would deal with it? I know some BS will just return it, others hold onto it but it doesn't pay interest...the T&Cs imply they'd get in touch with me and ask me to correct it so wouldn't seem to be a serious breach of terms just to see what happens!

The extra payment will be returned to you a few days later.