Regular Savings Accounts: The Best Currently Available List!

Sailtheworld

Wheres_My_Cashback said:

Sailtheworld said:

cricidmuslibale said:

JamesRobinson48 said:

cricidmuslibale said:

How easy is it to apply for a Chorley BS Regular saver, please? I.e. do you have to post in documents for identity purposes which is a bit of a faff to say the least or can the application process basically be done online?

If you take a look at their Identification Requirements page you'll see that, like many BSs, they say that they first attempt electronic verification and only ask you for docs later on if that fails. Personally, touch wood, I've never had any ID issue with them.  

Thanks very much! Yes I've also just had a look at their website myself for the very 1st time and this does indeed seem to be the case. As it happens I don't live a million miles away from Chorley (about 25 miles in fact) so in the worst case scenario I would be prepared to travel to one of their branches for a one-off visit if necessary.

You're willing, during a pandemic, to take three hours to make a 50 mile round trip and pay for parking to get your hands on a regular saver that pays 1.25%? 

This time next year you'll have made £20 in interest.

Three hours !!! I doubt he's going by bus/bicycle ;-)

The only way it's worth doing is to go by bicycle if they happened to have a 50 mile training ride already planned.

Otherwise it's not worth the time let alone the petrol money.

schiff

By bus pass if qualified?

Sailtheworld

schiff said:

By bus pass if qualified?

What elderly person would take a 50 mile round trip on a bus, during a pandemic, to get £20 in interest this time next year?

cricidmuslibale

JamesRobinson48 said:

cricidmuslibale said:

As it happens I don't live a million miles away from Chorley (about 25 miles in fact) so in the worst case scenario I would be prepared to travel to one of their branches for a one-off visit if necessary.

I hope this was a joke. If I had thought anyone might make a journey just to open a 1.25% RS, in time of COVID, I would never have mentioned this Chorley product in the first place.

Don't worry it's very likely I won't actually be going there in person. The lowish variable interest rate doesn't justify it for a start. (Now if it was 2.75% and fixed for example then things might be different). It seems at the moment anyway that a postal application containing a form completed online followed by electronic identity checks ought to be sufficient in any case.

cricidmuslibale

schiff said:

By bus pass if qualified?

Sailtheworld said:

schiff said:

By bus pass if qualified?

What elderly person would take a 50 mile round trip on a bus, during a pandemic, to get £20 in interest this time next year?

I'm far too young for that! I would consider a bike ride in good weather but only for at least double the proposed interest rate and if it was fixed rather than variable!

Sailtheworld

If it was 2.75% you'd have to factor in the long queue of money saving experts clogging the streets of Chorley.

coachman12

Sailtheworld said:

If it was 2.75% you'd have to factor in the long queue of money saving experts clogging the streets of Chorley.

Is there any more mileage in Chorley    You could have travelled there during your posts 

Sailtheworld

coachman12 said:

Sailtheworld said:

If it was 2.75% you'd have to factor in the long queue of money saving experts clogging the streets of Chorley.

Is there any more mileage in Chorley    You could have travelled there during your posts 

There's always more mileage in Chorley.

Yes, I'm labouring the point. It's interesting, to me at least, that some people are perplexed that borrowers are unwilling to pay more interest whilst valuing their own time & efforts at close to zero.

veryintrigued

Nick_C said:

London7766551 said:

cricidmuslibale said:

If I may so as someone who is quite new to this forum, I think this Regular Saving thread is one of the very best and most useful threads in the entire Savings and Investments section! It has certainly helped me very significantly in recent days. Thank you very much to everyone who contributes to it, especially the original poster who clearly gives a lot of time and effort to it on a very regular basis!

I tend to check it daily now!

I used to subscribe to this thread, as it contained useful new information.  The thread has been ruined by for too many people using it for irrelevant chit chat.  The last 18 posts - the ones made since SS2's weekly update - contain no new information about regular savers.

If you really appreciate this thread and SS2's hard work in maintaining the first few posts, then please show your appreciation by keeping the thread clear of irrelevant chit chat.  If every post contains useful new information, then the thread is worth subscribing to.  Currently, it isn't.

I have complete sympathy for this.

There gets to a point after a few posts where maybe etiquette should dictate that a new thread is created to discuss a specific issue.

It might also help identify which RS people are talking about as it's a struggle when the institution isn't mentioned in people's posts.

Especially when the thread descends, once again, into just chit (not even chit chat).

SS has repeatedly said that they do not mind but wow there is some drivel in here.

Puts tin hat on.

coachman12

Sailtheworld said:

Yes, I'm labouring the point. 

Oh yes