Regular Savings Accounts: The Best Currently Available List!

schiff

My application for the Tipton App has been accepted. My postal application for the 28/2/22 version will have dropped on their mat today. Until I know the consequence of that I won't know if I'm allowed both. Fingers crossed.

trickydicky14

Just to second what typistretired has said, I have emailed Tipton twice over the past 24hrs and had quick, helpful answers.
And if it helps, I was told to leave the box blank regarding a welcome pack on the application form and my cheque should be made out to ME not the building Society.

Snapdragon

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 ...

Just applied via the app thanks.
Although it said maturity Dec 2021, it also referred in the terms and condition to 14 months term and the example they gave of what you'd get at the end if you put in £500 every month was a return of £7567.44 which I believe is what you'd get if it in fact matured in February, so not sure if its actually Dec or Feb. Doesn't matter to me so went ahead anyway, but suspect it maybe the same saver as the one people are opening by post. I hadn't got around to sending my postal application as I don't have a cheque book, so this easier.

quirkydeptless

JamesRobinson48 said:

Tipton BS has just launched another new fixed rate RS paying 1.35%.

Thanks for the Tipton tip

Downloaded the App and opened.

veryintrigued

Snapdragon 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 ...

Just applied via the app thanks.
Although it said maturity Dec 2021, it also referred in the terms and condition to 14 months term and the example they gave of what you'd get at the end if you put in £500 every month was a return of £7567.44 which I believe is what you'd get if it in fact matured in February, so not sure if its actually Dec or Feb. Doesn't matter to me so went ahead anyway, but suspect it maybe the same saver as the one people are opening by post. I hadn't got around to sending my postal application as I don't have a cheque book, so this easier.

Tipton
Sounds as if you were an exising Tipton app user? I.e. for you to be up and running on the app and able to apply for new accounts without the wait for a postal confirmation for app set up?

JamesRobinson48

Snapdragon said:

Although it said maturity Dec 2021, it also referred in the terms and condition to 14 months term and the example they gave of what you'd get at the end if you put in £500 every month was a return of £7567.44 which I believe is what you'd get if it in fact matured in February, so not sure if its actually Dec or Feb. Doesn't matter to me so went ahead anyway, but suspect it maybe the same saver as the one people are opening by post. I hadn't got around to sending my postal application as I don't have a cheque book, so this easier.

Tipton app RS:  Where they mention 14 months term I assume they envisage people making 14 monthly payments (of £500 each) from Nov 2020 until Dec 2021 inclusive, total £7,000.  Add estimated interest of ~£57 (figure seems roughly OK to me), brings the maturity proceeds to £7,057 which is the figure quoted on the Tipton web page that I'm looking at.  Of course that's pretty much the max available, which not everyone would pay in.

Snapdragon

veryintrigued said:

Snapdragon 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 ...

Just applied via the app thanks.
Although it said maturity Dec 2021, it also referred in the terms and condition to 14 months term and the example they gave of what you'd get at the end if you put in £500 every month was a return of £7567.44 which I believe is what you'd get if it in fact matured in February, so not sure if its actually Dec or Feb. Doesn't matter to me so went ahead anyway, but suspect it maybe the same saver as the one people are opening by post. I hadn't got around to sending my postal application as I don't have a cheque book, so this easier.

Tipton
Sounds as if you were an exising Tipton app user? I.e. for you to be up and running on the app and able to apply for new accounts without the wait for a postal confirmation for app set up?

Actually NO, had never used Tipton until I read James's post a few days ago. Was going to apply for postal version but don't have a cheque book, ordered one but it will take a few days to get here. In the meantime I saw the 2nd post mentioning the new app version so downloaded that an hour ago, read it all through (noting the reference to 14 months and possible return of £7567.44) and submitted, received acceptance and account details, then text saying it was up an running, but yes will still need a unique ID via post before I can pay money in or view the account via the app. Since I have all the account details I can probably pay money in from bank, but wouldn't be able to see it once it reached the Tipton, so will wait for my ID code.

Gers

I have applied for both - so should be interesting to see what happens.  Paper application / cheque sent off yesterday and app application done today.  Same as above, app account open, text received and waiting for ID code. 

Now, enough is enough!  No more RSs for me until next year, if they are still being offered.

Thanks to those who are keeping an eye on these and posting for others. 

granta

Tipton RS - app
Has anyone else had problems uploading a passport photo? Every time I try to do this, the app crashes. And it won't accept the photo i take with my phone as there is too much glare!

arsenalboy

Gers said:

JamesRobinson48 said:

Gers said:

I've left the welcome pack unticked and made the cheque payable to the building society same as I did for Monmouthshire BS and Scottish BS. 

Perhaps a bit risky. From page 4 of the Tipton's Savings T&Cs:
Cheques made payable to the Society must also include details of the account holder(s) or the account number (for example, ‘Tipton & Coseley Building Society, account J Smith’); otherwise we will not accept them for payment into an account. This is to protect against fraud.

I don't have an account number yet. 

but you have a name?