Regular Savings Accounts: The Best Currently Available List!

where_are_we

Just opened Coventry BS RS4 online and account is showing online but with a 0% interest tag. Is this normal for the first few days?

kaMelo

where_are_we said:

Just opened Coventry BS RS4 online and account is showing online but with a 0% interest tag. Is this normal for the first few days?

Yes, when you make the first deposit it will show the correct rate.

kuepper

Is the Virgin Money Home Buying Coach a/c at 1.75% open to all inc those not buying a house / wanting  a mortgage or there strings attached to it that are hidden? I don't understand why it's listed as a best buy here but not in the main MSE site regular savings section

kuepper

When did the Coventry rate drop to 1.3%? Don't they have to give any notice?

schiff

kuepper said:

Is the Virgin Money Home Buying Coach a/c at 1.75% open to all inc those not buying a house / wanting  a mortgage or there strings attached to it that are hidden? I don't understand why it's listed as a best buy here but not in the main MSE site regular savings section

Yes

schiff

kuepper said:

When did the Coventry rate drop to 1.3%? Don't they have to give any notice?

1.3% is the rate for the new Coventry RS Issue 4 issued this last week.

dcs34

kuepper said:

Is the Virgin Money Home Buying Coach a/c at 1.75% open to all inc those not buying a house / wanting  a mortgage or there strings attached to it that are hidden? I don't understand why it's listed as a best buy here but not in the main MSE site regular savings section

Yes, to be safe download the app and apply through there rather than the link on here. There are no T&Cs beyond the normal regular saver requirements, there is no need to keep the app once the account is opened.

One website (MoneyFacts?) seems to have assumed you need to be using the proceeds for a mortgage/deposit, but there is nothing in the T&Cs for this and the account will appear within the normal Virgin savings portfolio. Can only assume MSE don't have it as it's not spotable from the VM website and if they scan through this section they may have come to the wrong impression it's only for those interested in buying a home.

colsten

kuepper said:

When did the Coventry rate drop to 1.3%? Don't they have to give any notice?

The rate of existing accounts was not changed. They don’t need to notify anyone about new issues. 

where_are_we

Using one mobile phone is it OK to use it to make two applications for a Virgin Money Home Buying Coach. I have opened one account and it is up and running. Do I delete the app and then download it again to make the second application for another person (my OH)?

Keith80

kuepper said:

Is the Virgin Money Home Buying Coach a/c at 1.75% open to all inc those not buying a house / wanting  a mortgage or there strings attached to it that are hidden? I don't understand why it's listed as a best buy here but not in the main MSE site regular savings section.

It would be good to see it quoted in the major best-buy charts. It might arrest the race to the bottom and force other institutions to offer higher-yielding regular savers, but then again if Virgin Money see too much interest in it as a result they might move quickly to pull it.