Regular Savings Accounts: The Best Currently Available List!

quirkydeptless

trickydicky14 said:

FURNESS REGULAR SAVER

Don’t know if I’m going over old ground but what do you think of the 3-year regular saver £250 a month 1.4% at Furness building society?

I know it’s variable but the terms look good and very flexible.

One withdrawal a year if needed, just a £1.00 a month if you get short and although its 3 years, it looks like you can pull out at any time without loss. I think it’s open to all.

Hope I have my facts correct.

If not, I'm sure some one will put me right.

Looks good, but the ID requirements might be a stickler as they require originals or certified copies to be sent to them for new customers. I'd never want to post originals and getting certified copies is a PITA. So although I like the rate and other conditions, I've got enough other RS to keep well fed.

Fingerbobs

quirkydeptless said:

trickydicky14 said:

FURNESS REGULAR SAVER

Don’t know if I’m going over old ground but what do you think of the 3-year regular saver £250 a month 1.4% at Furness building society?

I know it’s variable but the terms look good and very flexible.

One withdrawal a year if needed, just a £1.00 a month if you get short and although its 3 years, it looks like you can pull out at any time without loss. I think it’s open to all.

Hope I have my facts correct.

If not, I'm sure some one will put me right.

Looks good, but the ID requirements might be a stickler as they require originals or certified copies to be sent to them for new customers.

This is the reason I've never availed myself of any of the Furness's offerings. I was kicking myself when on holiday in the Lake District a couple of years ago for not taking some ID documents with me. I went into the branch to ask if they *really* needed to see my ID, and they did, so I left empty-handed. 

typistretired

Owing to the virus they are allowing you to copy your passport or driving licence and email to them.  Only an original recent household bill needs to go with application.

trickydicky14

typistretired
Is this info on the Furness website or did you find out via personal contact?

typistretired

I rang them up and discussed the proof of id and that is when I was told because they would prefer customers did not come to branch they are allowing the photo id to be sent by email.  You can also download the application online, print  and complete

surreysaver

We pay your interest gross. The gross rate is the interest payable before the deduction of tax.
This is a limited issue account and you can only have one version of a Regular Saver at a time.
*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.

With regards to Coventry - One version of a Regular Saver at a time.  Seems a bit sloppily worded, as I reads to me that one of an Issue 3, and one of an Issue 4 is perfectly acceptable, but its not clear, as I can see others interpreting it as one version of any Regular Saver.

schiff

cricidmuslibale said:

I hope the new Coventry Regular Saver is still available in mid December; I'm not going to open one before then simply because I won't be able to make the maximum monthly deposit allowed on the day of opening if I do.

I've opened mine today and I have till 26/12 to make my first deposit. I'm aiming to deposit next week. Suggest you take action today, at the rate these new accounts are being withdrawn it pays to act fast.

polymaff

surreysaver said:

We pay your interest gross. The gross rate is the interest payable before the deduction of tax.
This is a limited issue account and you can only have one version of a Regular Saver at a time.
*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.

With regards to Coventry - One version of a Regular Saver at a time.  Seems a bit sloppily worded, as I reads to me that one of an Issue 3, and one of an Issue 4 is perfectly acceptable, but its not clear, as I can see others interpreting it as one version of any Regular Saver.

"you can only have one version of a Regular Saver"

If only they'd used the word "issue" where they've used the word "version". ...

cricidmuslibale

schiff said:

cricidmuslibale said:

I hope the new Coventry Regular Saver is still available in mid December; I'm not going to open one before then simply because I won't be able to make the maximum monthly deposit allowed on the day of opening if I do.

I've opened mine today and I have till 26/12 to make my first deposit. I'm aiming to deposit next week. Suggest you take action today, at the rate these new accounts are being withdrawn it pays to act fast.

Thank you for your clearly well-meant advice to act now rather than a little later on!  I'm going by Coventry's past history that all 3 previous Regular Savers have been available for at least a couple of months before being withdrawn. Having only just launched version 4 on a Friday at the end of November so that many who may be interested in this account will not find out about it until the very end of this month / start of December, and with the 1.3% variable interest rate not being particularly high (for a variable rate esp.), I wouldn't expect there to be such a mad rush for this Regular Saver that Coventry would have to withdraw it before Christmas. After all that would come across as rather mean and Scrooge-like in this coming season of goodwill to all men!

typistretired

Not these days could be withdrawn by Monday if they receive the amount of applications they want