Regular Savings Accounts: The Best Currently Available List!

quirkydeptless

Rich2808 said:

cricidmuslibale said:

veryintrigued said:

Ecology Regular Savings account % drop

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• 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!

The ecology regular saver is operated by direct debit - so a useful source if you need extra DDs for current account interest or cashback incentives. That may make it useful for some despite the lower rate. And you are also helping them to help save the planet - although they do send out lots of paperwork including paying in slips if I recollect from when I opened it!

I was using it for a DD which I don't really need anymore, and the interest rate at 1.1% on just £25 a month wasn't bad. But I'm contemplating winding down my RS that are below 1.5%, so this is even more of a reason to drop this one 

couriervanman

veryintrigued said:

Ecology Regular Savings account % drop

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• 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

Yet the old regular saver along with all other withdrawn accounts pay 1%......fair play to them most other B/S would have all withdrawn accounts paying close to 0%

pafpcg

j.p said:

veryintrigued said:

Ecology Regular Savings account % drop

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• 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.

Not necessarily.  It implies that on the 2nd of March, no interest will be paid!

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.

As of today my account has the tab to give online instructions (mine matures 25th) so you should have that feature soon if not already there. 

finance4all

Anyone having the same problem with Coventry when trying to open RS?

Page unavailable
We're sorry, this page is temporarily unavailable. You can contact our Customer Service Centre on 0800 121 8899, Monday to Friday 8am-7pm and Saturday 9am-2pm. We are currently closed on Sundays and bank holidays.
Alternatively, our 24 hour self-service telephone option is available 24 hours a day, 365 days a year, you will need your telephone PIN to access this service.

Gers

finance4all said:

Anyone having the same problem with Coventry when trying to open RS?

Page unavailable
We're sorry, this page is temporarily unavailable. You can contact our Customer Service Centre on 0800 121 8899, Monday to Friday 8am-7pm and Saturday 9am-2pm. We are currently closed on Sundays and bank holidays.
Alternatively, our 24 hour self-service telephone option is available 24 hours a day, 365 days a year, you will need your telephone PIN to access this service.

 I had a slight problem logging on today but got in second time. 

finance4all

Gers said:

finance4all said:

Anyone having the same problem with Coventry when trying to open RS?

Page unavailable
We're sorry, this page is temporarily unavailable. You can contact our Customer Service Centre on 0800 121 8899, Monday to Friday 8am-7pm and Saturday 9am-2pm. We are currently closed on Sundays and bank holidays.
Alternatively, our 24 hour self-service telephone option is available 24 hours a day, 365 days a year, you will need your telephone PIN to access this service.

 I had a slight problem logging on today but got in second time. 

I had this yesterday twice and today three times already :<  I had it when opening issue 4 as well... Anyone having a solution for it?

Special_Saver2

Hi Everybody,

Here is this weekend's update to this thread.

- Coventry BS Regular Saver issue 4 replaced with issue 5 paying 1.05%
- Ecology BS account removed from the list as the interest rate has dropped to below 1%
- Entry on Principality BS Regular Saver issue 24 updated to remove the comment about 13th payments not being allowed

I will do the next update next weekend.

SS2

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For those new to this thread, the first few posts are constantly updated and are on the first page
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

mrkds

Hi all. I' notice there is a 2nd issue of  Principality's Thank You saver. I already have an issue 1 open.  It says on T&C's only one account per customer but it's not clear if that refers to any issue or that specific issue. Basically, can I open an issue 2 account if I already have an issue 1?  

schiff

I find it strangely comforting that the Head of Customer Services at the Principality Building Society is called Vicky Wales 
PS: just seen the news of impending cuts (no details given) and I'm less comforted now