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Regular Savings Accounts: The Best Currently Available List!

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  • lantanna
    lantanna Posts: 4,471 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Set up a Coventry RS today, issue 3, I already have a issue 2.  When I look at the account it says interest is 0.00 %. Anybody else who has the two with Coventry find this?
  • lantanna
    lantanna Posts: 4,471 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Assuming now it’s because I already have a Reg Saver with them, those that also said they had 2 best check as it looks like you’ll only get the interest on one
  • SFindlay
    SFindlay Posts: 393 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    lantanna said:
    Set up a Coventry RS today, issue 3, I already have a issue 2.  When I look at the account it says interest is 0.00 %. Anybody else who has the two with Coventry find this?
    It will update with correct rate in a day or so. 
  • lantanna said:
    Assuming now it’s because I already have a Reg Saver with them, those that also said they had 2 best check as it looks like you’ll only get the interest on one
    Maybe give it a couple of days to show the correct interest rate and then feedback on here?


  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    edited 17 November 2020 at 2:07PM
    lantanna said:
    Set up a Coventry RS today, issue 3, I already have a issue 2.  When I look at the account it says interest is 0.00 %. Anybody else who has the two with Coventry find this?
    It updates to the correct rate as soon as your first deposit has cleared.
  • London7766551
    London7766551 Posts: 328 Forumite
    100 Posts Photogenic Name Dropper
    edited 17 November 2020 at 2:09PM
    Gray001 said:
    Ah gr8 HSBC and First Direct.... the best reg saver rate is like 1.5% and easy access saver 0.75%. I've had a few accounts maturing and am wondering with the best rates so cut is it worth opening and maintaining them? I at least thought the HSBC /FD would have stayed at 2.75 or competitive as it was always best on the market!
    Things for savers gonna get a lot worse 
    It's been speculated that HSBC may well split from their UK businesses and sell it off. I doubt they care much now!
  • Regarding the Tipton regular saver, on the application form is asks, 'Tick to confirm you have received a savings welcome pack?
    How can you do that if you are only just sending off the application form or am I missing something?
    The other two questions about privacy notice and deposit guarantee scheme can be found on the web site.
    I choose the rooms that I live in with care,
    The windows are small and the walls almost bare,
    There's only one bed and there's only one prayer;
    I listen all night for your step on the stair.
  • Speculator
    Speculator Posts: 2,353 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 17 November 2020 at 5:18PM
    Tipton BS has just launched a fixed rate RS paying 1.35% (max £500 pm, matures Feb-2022). For this one there's no app, or even any online access:  it involves a manual application form and cheque. I couldn't find any postcode restrictions.

    I can't see any restriction (online at least) for those of us who already hold the 2020/21 Tipton's Regular Saver.

    But in the paper copy of the 2019/20 Fixed Regular Saver (which matured and i started again as a 2% 2020/21 Fixed Regular Saver with the same account details) it states:

    Only one account can be opened per customer.

    I wonder if this means per issue or per Fixed Regular Saver?
    nearly sent off my application form then saw this.  

    EDIT: Just spoke to them and they confirmed that you are allowed to open one of each issue.

  • lantanna
    lantanna Posts: 4,471 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 17 November 2020 at 5:49PM
    It’s updated to the 1.55% interest rate now.
  • happybagger
    happybagger Posts: 1,035 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Combo Breaker
    Separately, Leek BS is cutting the rate on its currently open RS product from 1.35% to 1.10% effective 2nd December.
    Any mention of other RS rate changes?
    I have the old Leek RS (open-ended, closed issue) account. When the rate was cut in April I requested a withdrawal by cheque. It took 41 days: 21 to reach a cashier then 20 to come back.
    I have sent off another withdrawal request as the old bonus has now ended and is paying just 0.85%. It has already been 2 weeks.
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