Regular Savings Accounts: The Best Currently Available List!

cricidmuslibale

typistretired said:

Not these days could be withdrawn by Monday if they receive the amount of applications they want

I'm going to have to take my chances that it won't be. Ironically if I hadn't just deposited more than the max. monthly deposit (£500) for this Regular Saver only two days ago into a version of Coventry's now withdrawn Double Access Saver then I would definitely be applying for this new version of the Regular Saver today! I'm now a little cross with myself for depositing my very recently withdrawn NS&I money in the Coventry Double Access Saver on the first day possible for this (25th Nov) rather than keeping it in my current account for a few days to await developments on the saving front! Ideally I would like to keep my two possible withdrawals (without being charged) from the Double Access Saver in hand for the time being because the present interest rate I'm getting (1.09% monthly) is not going to last forever; it will almost certainly be reduced if the B of E cuts its base rate again soon.

arsenalboy

tired said:

Not these days could be withdrawn by Monday if they receive the amount of applications they want

I'm going to have to take my chances that it won't be. Ironically if I hadn't just deposited more than the max. monthly deposit (£500) for this Regular Saver only two days ago into a version of Coventry's now withdrawn Double Access Saver then I would definitely be applying for this new version of the Regular Saver today! I'm now a little cross with myself for depositing my very recently withdrawn NS&I money in the Coventry Double Access Saver on the first day possible for this (25th Nov) rather than keeping it in my current account for a few days to await developments on the saving front! Ideally I would like to keep my two possible withdrawals (without being charged) from the Double Access Saver in hand for the time being because the present interest rate I'm getting (1.09% monthly) is not going to last forever; it will almost certainly be reduced if the B of E cuts its base rate again soon.

Why don't you just accept the advice rather than arguing against it?
You can open it now with a minimum deposit.
It might be withdrawn as people chase dwindling rates.

cricidmuslibale

arsenalboy said:

tired said:

Not these days could be withdrawn by Monday if they receive the amount of applications they want

I'm going to have to take my chances that it won't be. Ironically if I hadn't just deposited more than the max. monthly deposit (£500) for this Regular Saver only two days ago into a version of Coventry's now withdrawn Double Access Saver then I would definitely be applying for this new version of the Regular Saver today! I'm now a little cross with myself for depositing my very recently withdrawn NS&I money in the Coventry Double Access Saver on the first day possible for this (25th Nov) rather than keeping it in my current account for a few days to await developments on the saving front! Ideally I would like to keep my two possible withdrawals (without being charged) from the Double Access Saver in hand for the time being because the present interest rate I'm getting (1.09% monthly) is not going to last forever; it will almost certainly be reduced if the B of E cuts its base rate again soon.

Why don't you just accept the advice rather than arguing against it?
You can open it now with a minimum deposit.
It might be withdrawn as people chase dwindling rates.

It's very good advice for most and I'm not actually arguing against it but my post above (if read carefully enough) explains why I'm taking a different approach. Also I always prefer to deposit the maximum monthly amount permitted for a particular Regular Saver on the very day I open it and then to fund it similarly exactly a month later and then the month after that and so on. That is until I run out of available funds of course; then I will probably just deposit the minimum amount required each month to keep that particular Regular saver open. 

isasmurf

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.

The wording seems different to previous regular savers referring only to holding one issue 4, implying you can hold it with other issues

"This is a limited issue account and you can only have one Regular Saver (4) at a time."

margaretx9

isasmurf said:

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.

The wording seems different to previous regular savers referring only to holding one issue 4, implying you can hold it with other issues

"This is a limited issue account and you can only have one Regular Saver (4) at a time."

When you click the apply online button it brings you to a page which contains the specific regular saver (4) terms and conditions.
Para 1.5 states "You can only open and be named on one Regular Saver (including any previous or subsequent issues) at any one time."

So seems you cannot open this new regular saver if you already have an exisiting open Coventry regular saver.

schiff

Well they've not been operating that condition when people have opened two or three RSs with the Coventry, as many of us can attest.

SFindlay

When you click the apply online button it brings you to a page which contains the specific regular saver (4) terms and conditions.
Para 1.5 states "You can only open and be named on one Regular Saver (including any previous or subsequent issues) at any one time."

So seems you cannot open this new regular saver if you already have an exisiting open Coventry regular saver.

What is it with the Coventry Regular Savers that people have to make an fuss about it EVERY time there's a new issue released. People bend the T&C on many other regular saver accounts but there is never the same amount of debate over them, unfortunately the Coventry ones always seem to end up with numerous posts  back and forward with people saying you can't have more than one issue at a time!! Numerous people have said they operate more than one issue without any problem so why can't people just believe  and accept what they're told and leave it at that??? 
If, despite what people say, you don't wish to open the new issue because already have a previous issue then thats your choice but just leave it at that and let others decide what they're going to do!!! 

Bobblehat

SFindlay said:

When you click the apply online button it brings you to a page which contains the specific regular saver (4) terms and conditions.
Para 1.5 states "You can only open and be named on one Regular Saver (including any previous or subsequent issues) at any one time."

So seems you cannot open this new regular saver if you already have an exisiting open Coventry regular saver.

What is it with the Coventry Regular Savers that people have to make an fuss about it EVERY time there's a new issue released. People bend the T&C on many other regular saver accounts but there is never the same amount of debate over them, unfortunately the Coventry ones always seem to end up with numerous posts  back and forward with people saying you can't have more than one issue at a time!! Numerous people have said they operate more than one issue without any problem so why can't people just believe  and accept what they're told and leave it at that??? 
If, despite what people say, you don't wish to open the new issue because already have a previous issue then thats your choice but just leave it at that and let others decide what they're going to do!!! 

The problem could be (not saying it will be) that Coventry may be within their rights to cancel one of your RS's or only pay out a low interest rate on one when it matures. The debate is really in the conflict between what several people have been told verbally by their CS and what has been published (which appears ambiguous at the very least). OK, the application system lets you open them, but do you get the full interest when they mature on all RS's held simultaneously?

Have "numerous" people stated that they have been paid out in full on all RS's that have matured when they have had more than one running at a time with the Coventry?

SFindlay

Have "numerous" people stated that they have been paid out in full on all RS's that have matured when they have had more than one running at a time with the Coventry?

Considering issue 2 hasn't been out long enough to mature thats not possible let alone issue 3 or 4 but numerous people stated they HAVE had full interest paid out upon issue 1 maturing whilst still holding issues 2 and 3. 
But as I said before if you're not wanting to take the "risk" you are worried about fair enough dont open another issue but we don't need the same regurgitation of T&C we've all read time and time again. 

Wheres_My_Cashback

Bobblehat said:

SFindlay said:

When you click the apply online button it brings you to a page which contains the specific regular saver (4) terms and conditions.
Para 1.5 states "You can only open and be named on one Regular Saver (including any previous or subsequent issues) at any one time."

So seems you cannot open this new regular saver if you already have an exisiting open Coventry regular saver.

What is it with the Coventry Regular Savers that people have to make an fuss about it EVERY time there's a new issue released. People bend the T&C on many other regular saver accounts but there is never the same amount of debate over them, unfortunately the Coventry ones always seem to end up with numerous posts  back and forward with people saying you can't have more than one issue at a time!! Numerous people have said they operate more than one issue without any problem so why can't people just believe  and accept what they're told and leave it at that??? 
If, despite what people say, you don't wish to open the new issue because already have a previous issue then thats your choice but just leave it at that and let others decide what they're going to do!!! 

The problem could be (not saying it will be) that Coventry may be within their rights to cancel one of your RS's or only pay out a low interest rate on one when it matures. The debate is really in the conflict between what several people have been told verbally by their CS and what has been published (which appears ambiguous at the very least). OK, the application system lets you open them, but do you get the full interest when they mature on all RS's held simultaneously?

Have "numerous" people stated that they have been paid out in full on all RS's that have matured when they have had more than one running at a time with the Coventry?

I think it's safe to say that those opening multiple issues wouldn't be doing so if they weren't getting paid the expected rates/interest on maturity. It's not as if it's something new so it doesn't need to be stated that the correct amount was paid. It would soon be known if otherwise.