Regular Savings Accounts: The Best Currently Available List!

quirkydeptless

adindas said:

glider3560 said:

I closed my Halifax Regular Saver a few weeks ago as I wanted access to the money to pay off my Student Loan (it was a lot of work - almost one hour of phone calls to get this done without going to a branch). 

It's letting me open a new account now (got past the eligibility stage of the application) despite being within the 12 months of the previous account.

When you said "I wanted access to the money to pay off my Student Loan, it was a lot of work - almost one hour of phone calls to get this done without going to a branch"

For one hour of phone calls are you refering to your student loan or closing Halifax RSA ?? I know some people on MSE here try to avoid  a phone call with Halifax.

I  just have a look on 

my Halifax RSA and I see this option.

"It’s now possible to renew the interest rate on your existing savings account, or take advantage of a different type of account, without having to change your account details"

"You can renew your account to any of the options shown below. These are accounts that work like the one you already have.
Please note the following important information before starting your account renewal request:

• if you’re renewing your account online you’ll need a valid email address
• your existing sort code and account number will stay the same
• your account renewal will be processed immediately after your confirmation
• any outstanding interest earned may be applied to your new account so your balance could be higher after the renewal is completed."

I did see any option to close the RSA account.

That's how I closed my Halifax RS Today . I renewed it as an Easy Access Saver, which it became straight away, plus interest was added at that point. Then I could withdraw from or close the Easy Access Saver, so I withdrew the full amount and closed it
The Regular Saver does not give any option to close it directly, only to renew, so it's not obvious that this is the route to do it online.

veryintrigued

Principality RS issue 21 instructions

These have have been received by post and need to be sent back by post (without an envelope supplied).

Has anyone any experience of using their online 'Your savings maturity enquiry' form to communicate their wishes? I'll be requesting a Full Closure but I don't want to cause them unnecessary work.

Every_Penny_Counts

veryintrigued said:

Principality RS issue 21 instructions

These have have been received by post and need to be sent back by post (without an envelope supplied).

Has anyone any experience of using their online 'Your savings maturity enquiry' form to communicate their wishes? I'll be requesting a Full Closure but I don't want to cause them unnecessary work.

I just sent them a secure message asking for the matured amount to be transferred into my current account. They replied with a confirmation of my request later the same day. 

EPC

SFindlay

veryintrigued said:

Principality RS issue 21 instructions

These have have been received by post and need to be sent back by post (without an envelope supplied).

Has anyone any experience of using their online 'Your savings maturity enquiry' form to communicate their wishes? I'll be requesting a Full Closure but I don't want to cause them unnecessary work.

I've previously sent a secure message and arranged it that way but about a week prior to maturity when you log into account and go to particular regular saver there are maturity options there in the drop down box for account management. 

veryintrigued

Ecology Regular Savings account % drop

---

• Rate until 2 March 2021 (% gross p.a.*/ AER**): 1.10
• Rate from 2 March 2021 (% gross p.a.*/ AER**): 0.80
• Change (%): -0.30

veryintrigued

j.p said:

veryintrigued said:

Ecology Regular Savings account % drop

---

• Rate until 2 March 2021 (% gross p.a.*/ AER**): 1.10
• Rate from 2 March 2021 (% gross p.a.*/ AER**): 0.80
• Change (%): -0.30

Strictly speaking it can't be "until" and "from" the 2nd of March simultaneously. The 2nd of March is either in or out.

Christ alive.

lightbulb2760

veryintrigued said:

j.p said:

veryintrigued said:

Ecology Regular Savings account % drop

---

• Rate until 2 March 2021 (% gross p.a.*/ AER**): 1.10
• Rate from 2 March 2021 (% gross p.a.*/ AER**): 0.80
• Change (%): -0.30

Strictly speaking it can't be "until" and "from" the 2nd of March simultaneously. The 2nd of March is either in or out.

Christ alive.

He is indeed!
I would imagine that the first date should read "until 1 March" rather than 2nd March, as j.p points out.

Fingerbobs

lightbulb2760 said:

veryintrigued said:

j.p said:

veryintrigued said:

Ecology Regular Savings account % drop

---

• Rate until 2 March 2021 (% gross p.a.*/ AER**): 1.10
• Rate from 2 March 2021 (% gross p.a.*/ AER**): 0.80
• Change (%): -0.30

Strictly speaking it can't be "until" and "from" the 2nd of March simultaneously. The 2nd of March is either in or out.

Christ alive.

He is indeed!
I would imagine that the first date should read "until 1 March" rather than 2nd March, as j.p points out.

Not wanting to get dragged into this argument, but I fundamentally disagree.

"Until 2 March" would include the 1st of March.

"Until <condition>" refers to the state prior to <condition> becoming true.

happybagger

Always used to have this problem with customers in my newsagents
"Stop the papers until Monday" some would want a paper on Monday, others from Tuesday. Was very difficult to get staff trained to use "restart on" for clarity

And it is no wonder SS and others hate this thread for all the drivel. Which I am now guilty of too. Sorry. Goes away again ->

cricidmuslibale

veryintrigued said:

Ecology Regular Savings account % drop

---

• Rate until 2 March 2021 (% gross p.a.*/ AER**): 1.10
• Rate from 2 March 2021 (% gross p.a.*/ AER**): 0.80
• Change (%): -0.30

This is a classic example of why one needs to beware of Regular Savers paying a variable interest rate just above 1%! I almost applied for this account a few days ago before realising that it was very likely that the 1.1% interest rate would be reduced significantly at some point during the account's lifespan. Obviously I had no idea that it would be reduced as soon as 2 March though! I don't know about anyone else but for me any Regular Saver that pays less than 1% interest is not worthwhile because the discipline of making regular monthly payments over a 12 month period is not acknowledged i.e. rewarded sufficiently with at least a reasonable interest payment after 12 months. After all even the typically not very generous big banks such as HSBC, Lloyds, Halifax etc. pay a fixed interest rate of 1% (at the moment at least) on their standard Regular Savers!