Regular Savings Accounts: The Best Currently Available List!

lightbulb2760

London7766551 said:

margaretx9 said:

surreysaver said:

schiff said:

This is from Moneyfacts today:
 "Home Buying Coach Regular Saver Issue 2 pays 1.75% gross yearly on a £1 opening minimum deposit. This account is only available to first-time buyers that are users of the Virgin Money Home Buying Coach app"
A different slant from what we've assumed; perhaps Moneyfacts is not into taking chances. 

Nowhere in the product terms does it mention anything about being a first time buyer 

You merely just have to be a user of the home coach buying app - which is aimed at providing information to first time buyers and people who haven't perhaps bought a home for a while so need to understand the process. 

But you don't have to be an FTB to open the account - VM couldn't really enforce that anyway.

You don't even need the app to open the account, the account application page is just on a web link. Anyone can access this link. If you want to play it safe as the rules state you must use the app to open the account, you can register on the app but the accounts are not linked it seems. I kept the app until the account was fully opened, now it will go.

Although anyone can access the link, the account is not listed on the online application site that the page on the weblink links through to. So whilst in theory the account can be applied for online, it cannot be applied for online in practice, unless I'm missing something (I hope I am, as I do not own a smartphone, and therefore cannot download the app...)

10_66

lightbulb2760 said:

Although anyone can access the link, the account is not listed on the online application site that the page on the weblink links through to. So whilst in theory the account can be applied for online, it cannot be applied for online in practice, unless I'm missing something (I hope I am, as I do not own a smartphone, and therefore cannot download the app...)

I used the link and successfully opened the account yesterday, funded it and today it doesn't now have the "we're opening the account" tag on it.  Whether it remains open is another thing, only time will tell I guess.

London7766551

Gers said:

London7766551 said:

margaretx9 said:

surreysaver said:

schiff said:

This is from Moneyfacts today:
 "Home Buying Coach Regular Saver Issue 2 pays 1.75% gross yearly on a £1 opening minimum deposit. This account is only available to first-time buyers that are users of the Virgin Money Home Buying Coach app"
A different slant from what we've assumed; perhaps Moneyfacts is not into taking chances. 

Nowhere in the product terms does it mention anything about being a first time buyer 

You merely just have to be a user of the home coach buying app - which is aimed at providing information to first time buyers and people who haven't perhaps bought a home for a while so need to understand the process. 

But you don't have to be an FTB to open the account - VM couldn't really enforce that anyway.

You don't even need the app to open the account, the account application page is just on a web link. Anyone can access this link. If you want to play it safe as the rules state you must use the app to open the account, you can register on the app but the accounts are not linked it seems. I kept the app until the account was fully opened, now it will go.

The blurb has ' This product is only available to eligible users of the Virgin Money Home Buying Coach app. If you are not a user of this app we will transfer your account to our standard Regular E-Saver'. 

Perhaps Virgin won't enforce it?

They could but I find it unlikely purely because the accounts of the app and the actual savings account are not linked. identifying accounts would be crude and prone to error. They could only do it by comparing email addresses on the two different systems. 

London7766551

lightbulb2760 said:

London7766551 said:

margaretx9 said:

surreysaver said:

schiff said:

This is from Moneyfacts today:
 "Home Buying Coach Regular Saver Issue 2 pays 1.75% gross yearly on a £1 opening minimum deposit. This account is only available to first-time buyers that are users of the Virgin Money Home Buying Coach app"
A different slant from what we've assumed; perhaps Moneyfacts is not into taking chances. 

Nowhere in the product terms does it mention anything about being a first time buyer 

You merely just have to be a user of the home coach buying app - which is aimed at providing information to first time buyers and people who haven't perhaps bought a home for a while so need to understand the process. 

But you don't have to be an FTB to open the account - VM couldn't really enforce that anyway.

You don't even need the app to open the account, the account application page is just on a web link. Anyone can access this link. If you want to play it safe as the rules state you must use the app to open the account, you can register on the app but the accounts are not linked it seems. I kept the app until the account was fully opened, now it will go.

Although anyone can access the link, the account is not listed on the online application site that the page on the weblink links through to. So whilst in theory the account can be applied for online, it cannot be applied for online in practice, unless I'm missing something (I hope I am, as I do not own a smartphone, and therefore cannot download the app...)

The app doesn't do anything special, it just sends you to the web page of the application once you jump through a few hoops. I don't think they will enforce it. I'd apply if I were you, what have you got to lose?

Gers

JamesRobinson48 said:

Tipton BS has just launched another new fixed rate RS paying 1.35%. This one is said to be available only through the new Tipton app (see Speculator's post above), and it has a different maturity date to the 'chequebook' RS product that Tipton launched yesterday (Dec 2021 versus Feb 2022). But frankly I don't yet know if it's permitted to have both of these, or even (for those of us with an existing Tipton RS maturing Jan 2021) either of them.

The RS world seems suddenly to be getting more complicated, even as it also gets less lucrative ...

Tried to open this account - the app needs a county, even though I select my address from the menu it doesn't recognise 'Argyll' nor will it accept 'Argyll & Bute' or 'Argyll and Bute'. 

veryintrigued

Gers said:

JamesRobinson48 said:

Tipton BS has just launched another new fixed rate RS paying 1.35%. This one is said to be available only through the new Tipton app (see Speculator's post above), and it has a different maturity date to the 'chequebook' RS product that Tipton launched yesterday (Dec 2021 versus Feb 2022). But frankly I don't yet know if it's permitted to have both of these, or even (for those of us with an existing Tipton RS maturing Jan 2021) either of them.

The RS world seems suddenly to be getting more complicated, even as it also gets less lucrative ...

Tried to open this account - the app needs a county, even though I select my address from the menu it doesn't recognise 'Argyll' nor will it accept 'Argyll & Bute' or 'Argyll and Bute'. 

Even us with existing Tipton accounts there is a Unique ID Number step which is required to be entered but is sent by post!

Not had this before!
Edit - had the same for Skipton

Gers

Gers said:
Tried to open this account - the app needs a county, even though I select my address from the menu it doesn't recognise 'Argyll' nor will it accept 'Argyll & Bute' or 'Argyll and Bute'. 

I phoned them, spoke to a helpful agent who will get back to me!  I also suggested that some places don't have a county name so would also be stuck.

schiff

Virgin - I didn't really want to cause the discussion about Moneyfacts to this extent. It was merely a comment. The folk who rely on Moneyfacts rather then MSE, if they are not FTBs will just pass it up which is a shame.

Gers

Gers said:

Gers said:
Tried to open this account - the app needs a county, even though I select my address from the menu it doesn't recognise 'Argyll' nor will it accept 'Argyll & Bute' or 'Argyll and Bute'. 

I phoned them, spoke to a helpful agent who will get back to me!  I also suggested that some places don't have a county name so would also be stuck.

The helpful agent did ring back very quickly... she advised that I should change the county name from Argyll to the mythical and legendary 'Argyllshire'.    After laughing out loud at this I did as advised and it worked.  I advised her to let her team know the correct details.  Anyway, a result even though I now have to wait for the unique ID number through the post.

Despite the hiccup it's been good service from Tipton - if I wore a hat I'd be tipping it at them!

typistretired

I always find Tipton customer service very friendly, quick to reply and very efficient. I always use the contact us page never ring