Regular Savings Accounts: The Best Currently Available List!

SFindlay

JamesRobinson48 said:

SFindlay said:

Coventry have released issue 4 of their Regular Saver now paying 1.3% variable with maximum of £500 per month. As usual with Coventry quick and easy to open as a current customer.

Any chance you could provide an internet link please?  I just looked at their website and it is still showing issue 3 paying 1.55%. Do the T&Cs allow people to hold Issue 4 as well as Issue 3 ?

Might not refresh on their web site till after 9, if you are a current customer log in to your account then go to apply for new product and its listed there. Coventry is always a debatable one re multiple issues however experience of many people has shown you can hold more than 1 issue at a time without any problem.  

SFindlay

JamesRobinson48 said:

SFindlay said:

Coventry have released issue 4 of their Regular Saver now paying 1.3% variable with maximum of £500 per month. As usual with Coventry quick and easy to open as a current customer.

Any chance you could provide an internet link to Issue 4 please?  I just looked at the Coventry's website and it is still showing only issue 3 paying 1.55%. Do the T&Cs for the new issue allow people to hold Issue 4 as well as Issue 3 ?

Main web site now updated so new and existing customers able to apply. 

Frogletina

SFindlay said:

Coventry have released issue 4 of their Regular Saver now paying 1.3% variable with maximum of £500 per month. As usual with Coventry quick and easy to open as a current customer.

Will be interesting to see if this release will mean earlier issues interest rates will be cut. 

Thank you. A new account opened before breakfast.

wiseonesomeofthetime

Already have two issues running, not going to tempt fate with a third for what would only be a 0.10% mark up for me (at the moment) as would be funded from my Skipton account.

I have 1.35% fixed with The Tipton at £500pm, so don't feel too bad lol

typistretired

wiseonesomeofthetime said:

Already have two issues running, not going to tempt fate with a third for what would only be a 0.10% mark up for me (at the moment) as would be funded from my Skipton account.

I have 1.35% fixed with The Tipton at £500pm, so don't feel too bad lol

You can have one of each issue. They have actually clarified this for this issue.
"This is a limited issue account and you can only have one Regular Saver (4) at a time."

schiff

I think the gloom about interest rates may be misplaced. In the last three weeks I've opened new RSs to the tune of £1875 per month at rates between 1.30% and 1.75%, including the highest four at a fixed rate. Wouldn't have expected it but thanks to the early warning systems in place on the forum, it's all happened.   

cricidmuslibale

It's always best I think if you can to open as many reasonable interest rate Regular Savers as you can sensibly manage and, if at all feasible, then fund each new Regular Saver with the maximum deposit amount permitted for each month on the day of opening itself! It's the number of months the money stays in each Regular Saver as well as the interest rate that gives you the best possible return when the account matures. If you haven't enough funds to fund all your Regular Savers in their last 6 months say because you've filled them to the maximum allowed in their first 6 months, then you'll probably still get a better return after 12 months that way than taking out fewer Regular Savers in order to ensure that you make the max. monthly deposit allowed in each of these accounts in all 12 months (assuming each of these Reg Savers lasts for 1 year).

typistretired

Regular Savers have a limit for each month

Wheres_My_Cashback

cricidmuslibale said:

It's always best I think if you can to open as many reasonable interest rate Regular Savers as you can sensibly manage and, if at all feasible, then fund each new Regular Saver with the maximum deposit amount permitted for each month on the day of opening itself! It's the number of months the money stays in each Regular Saver as well as the interest rate that gives you the best possible return when the account matures. If you haven't enough funds to fund all your Regular Savers in their last 6 months say because you've filled them to the maximum allowed in their first 6 months, then you'll probably still get a better return after 12 months that way than taking out fewer Regular Savers in order to ensure that you make the max. monthly deposit allowed in each of these accounts in all 12 months (assuming each of these Reg Savers lasts for 1 year).

That's not possible due monthly limitations

someone

Re Coventry Regular Saver (4)

typistretired said:

You can have one of each issue. They have actually clarified this for this issue.
"This is a limited issue account and you can only have one Regular Saver (4) at a time."

On RS(3) it was worded "This is a limited issue account and you can only have one Regular Saver at a time." (notice the lack of issue number. Unfortunately I do not have the summary box for RS(2).

The account specific terms say

RS(2): 1.3 You can only be named on one Regular Saver (including any subsequent issues) at any one time

RS(3): 1.3 You can only be named on one Regular Saver (including any previous or subsequent issues) at any one time.

RS(4): 1.3 You can only be named on one Regular Saver (including any previous or subsequent issues) at any one time.

I don't have the terms for the first issue of this account  as I don't hold the account.

Seems like myself and others may be in breach of these terms ... however there is discrepancies especially with the current issue.