Regular Savings Accounts: The Best Currently Available List!

Frogletina

typistretired said:

Most people on here have been with YBS donkey years I only closed my regular saver with them as the rate dropped.  As a retired person you need to make your savings earn especially as pension rises do not cover increases in council tax etc

I agree. I only changed to the Internet saver 7 because the interest rate was so much more than the internet saver was giving me. It would have been silly to not do so. I closed one of the regular savers early, but I have had all their regular savers for many years since I joined. 

The oldest record I can find show that I was putting £20 a month into a regular saver with YBS in 2000. 

In 2007 I started their 7% regular saver @ £500 a month, that one lasted years but with a reducing bonus rate. I took out £8000 at one point when I moved house then built it up to the maximum of £20,000 till it ended, 10 years later.

typistretired

I have the Internet Saver Plus 7 and Triple Access on top of my old Internet Saver.  Have you messaged them? The problem is some branches are only open 9:30 to 14:30.  

veryintrigued

typistretired said:

Have to post to local branch or Agency I'm afraid no freepost shown unless you have an old envelope from them I sent mine 1st class so they will receive tomorrow.
From YBS " If you're ready to go, simply fill in the application form attached, and bring it along or post it to your local YBS branch or agency.
Please note: Fixed Rate products are limited issue and may be withdrawn at any time."

You do know it's a variable rate product?

typistretired

Yes I was just copying and pasting part of email. Hopefully they will not reduce for awhile and anything above 1% is a bonus 

adindas

Is M&S Monthly saver still available?

My Monthly has matured and it has been transferred to my current ac. I tried to open a new one paying 2.75%, but I got the message, the product is unavailable at the moment.

Is M&S Monthly saver still available? If so how to apply? thanks

Nick_C

adindas said:

Is M&S Monthly saver still available?

No
https://bank.marksandspencer.com/save-invest/monthly-saver/

Frogletina

m&s have had no regular savers on offer since November

apt

Rich2808 said:

Blue_Sky said:

typistretired said:

Bemr said:

what7 said:

I wonder if I am eligible. I am already a member, with branch RS 1,2,3.
Before I closed these accounts, I opened Internet saver plus issue 7 in September 2020.

According to the phone call I just received from my local branch, you are NOT eligible.  I am in a similar position, continuous membership since 2017, but my only active account is less than a year old.  They told me I cannot open the new account.

Check in your closed accounts and if there is no break in membership as you opened new account whilst another was still open you should qualify.  Send them a message whilst you are logged in if you find they have made a mistake

I think what is causing confusion for some staff members of YBS is the following.

At the top of their information sheet just below the large 3.50% figure they say:-
To qualify for the Loyalty Regular Saver you must have had a continuous member relationship with YBS or Chelsea Building Society on or before the 1st January 2020.

However a little lower down in the information sheet in the section titled How do I open and manage my account it says:-
You must have an active, open account (Savings or Mortgage) with YBS or CBS that has been OPENED on or before the 1st January 2020.

These two requirements are not the same thing, so I can see why some people might get refused an account.

The former requirement surely must be right - as it implies you need to have kept an savings account with at least £100 in it (to be a 'member') or had a mortgage or both which was open on 1/1/20 and you still are a member. If it were a loyalty account it would be very unfair (as implied by the second requirement) to exclude someone who closed a YBS savings account opened before 1/1/20 and transferred the proceeds to another YBS account opened post 1/1/20 - or closed that savings account after they took out a YBS mortgage.

If its supposed to be a loyalty account it should reward loyalty?

And requirement 1 avoids the issue over what is an 'active account' - must you have paid funds in recently (what if it was a 2 year fixed rate bond which was still open but didn't permit top ups during the term).

The problem with your opinion is that' You must have an active, open account (Savings or Mortgage) with YBS or CBS that has been OPENED on or before the 1st January 2020' is what appears in the eligibility section.

trickydicky14

I've been lucky on this one, I use to have several RS with Yorkshire one matured and the other I closed early when the rate dropped long time back. Luck would have it, I also had a very old easy access savings account that now only pays 0.30% ( has not been available for a long time) I kept it going as its the only account that still lets me pay money in via debit card and D/Ds so I use it to get my £5 a month reward from my Halifax CA's.
It's proved to be a great little account over this passed year

Fingerbobs

Fingerbobs said:

typistretired said:

YBS just rang me I could have had a telephone application appointment tomorrow but she warned me that the call would take approximately 40 minutes so opted for the forms to be sent out to me.

I just popped to the branch in my lunch hour, and they very kindly let me open the account there and then, as they weren't busy. The lady at the next counter was also opening one! As a guesstimate, I reckon it took about 15 minutes.

New account now showing online and in App. I guess it updated overnight.