Regular Savings Accounts: The Best Currently Available List!

SFindlay

liamcov said:

SFindlay said:

Coventry have withdrawn issue 4 and replaced it with issue 5 now paying 1.05%. It still allows £500 per month so worth opening as a backup in case the last couple of easy access accounts people still have drop below the 1% level in the next year. 

Yes we all know the T&C say 1 issue at a time blah blah blah.

Is there a min monthly amount for this (site just says minimum balance is £1)?

No minimum and £500 maximum monthly deposit and bear in mind Coventry work on a month being from date opened rather than calander month. 

BrownTrout

schiff said:

SFindlay said:

Coventry have withdrawn issue 4 and replaced it with issue 5 now paying 1.05%. It still allows £500 per month so worth opening as a backup in case the last couple of easy access accounts people still have drop below the 1% level in the next year. 

Yes we all know the T&C say 1 issue at a time blah blah blah.

It's of less interest as the interest rate is variable and there is a penalty (albeit modest) for withdrawals. I may swerve this one.

same not bothered this time tbh

colsten

Saffron's system allows you to open more than one of their regular savers. They do do manual checks, however, so they catch up with you eventually, close any duplicates and return your funds. A proper Baldrick plan experience 🤣

glider3560

colsten said:

Saffron's system allows you to open more than one of their regular savers. They do do manual checks, however, so they catch up with you eventually, close any duplicates and return your funds. A proper Baldrick plan experience 🤣

Do they pay interest for the period of time they had your cash?

what7

I'm trying to wait it out until next FY, my forecast for next year is already over £1000 allowance 

colsten

glider3560 said:

colsten said:

Saffron's system allows you to open more than one of their regular savers. They do do manual checks, however, so they catch up with you eventually, close any duplicates and return your funds. A proper Baldrick plan experience 🤣

Do they pay interest for the period of time they had your cash?

I don't believe they do. They just return your deposits.

Frogletina

what7 said:

I'm trying to wait it out until next FY, my forecast for next year is already over £1000 allowance 

Mine is already over £1000 too, but I figure it's worth it as paying tax on 1% interest is still better that untaxed interest on 0.50% in my feeder account.

SFindlay

SS2 potentially for weekend update to page 1 I see you have notes for Principality RS 24 saying 13th payment will be returned and linked to an old thread.

I accidentally made a 13th payment to RS issue 21 on 1st February which is due to mature at end of this month, the payment has not been returned which I would expect it to have been done by now if still not allowing 13th payment as in past I've accidentally paid my £500 in twice and it was returned within a couple of days. 

eddie7612

SFindlay said:

SS2 potentially for weekend update to page 1 I see you have notes for Principality RS 24 saying 13th payment will be returned and linked to an old thread.

I accidentally made a 13th payment to RS issue 21 on 1st February which is due to mature at end of this month, the payment has not been returned which I would expect it to have been done by now if still not allowing 13th payment as in past I've accidentally paid my £500 in twice and it was returned within a couple of days. 

Principality accounts generally have a max deposit limit, did you pay in the maximum each month? I had one where I paid in less in a couple of months which then allowed me to make a 13th deposit (had the spare cash by the time the 13th month came around).

SFindlay

eddie7612 said:

SFindlay said:

SS2 potentially for weekend update to page 1 I see you have notes for Principality RS 24 saying 13th payment will be returned and linked to an old thread.

I accidentally made a 13th payment to RS issue 21 on 1st February which is due to mature at end of this month, the payment has not been returned which I would expect it to have been done by now if still not allowing 13th payment as in past I've accidentally paid my £500 in twice and it was returned within a couple of days. 

Principality accounts generally have a max deposit limit, did you pay in the maximum each month? I had one where I paid in less in a couple of months which then allowed me to make a 13th deposit (had the spare cash by the time the 13th month came around).

Yeah opened 25th February with maximum £250 and thereafter maximum on 1st March and 1st of every month since including this month giving a balance of £3250. Fully expected it to be returned within  a day or so when I realised what I had done but no its still sitting there.