Regular Savings Accounts: The Best Currently Available List!

soulsaver

colsten said:

YBS Bonanza RS

I know I should not complain as it is such an excellent account, but I'll have a little moan anyway. The only way you can open this account atm is by Post. No account opening possible in Branch just now. They need to send you the application form by snail mail, it can't be downloaded, or emailed to you. Imagine how much interest they could pay you if they didn't have ancient processes!. 

I've just been offered an appointment in branch (Chester). Maybe it's your local branch restriction?

eddie7612

Anyone had any luck opening the YBS regular saver without an account opened before Jan 2020 (but having continuous membership)? I qualify based on the continuous membership condition but I don't have an open account from before then. Just been told I can't have this account by one branch.

glider3560

eddie7612 said:

Anyone had any luck opening the YBS regular saver without an account opened before Jan 2020 (but having continuous membership)? I qualify based on the continuous membership condition but I don't have an open account from before then. Just been told I can't have this account by one branch.

Surely you must've had an account (either savings or mortgage) in order to have been a member?

ctdctd

eddie7612 said:

Anyone had any luck opening the YBS regular saver without an account opened before Jan 2020 (but having continuous membership)? I qualify based on the continuous membership condition but I don't have an open account from before then. Just been told I can't have this account by one branch.

Just having an online login does not count - you have to have an open account from before Jan 2020 to have membership of the society.

SFindlay

eddie7612 said:

Anyone had any luck opening the YBS regular saver without an account opened before Jan 2020 (but having continuous membership)? I qualify based on the continuous membership condition but I don't have an open account from before then. Just been told I can't have this account by one branch.

Why do you think you qualify as a member if not had an account open during that period? 

eskbanker

Surely it's possible for someone to have held multiple YBS accounts continuously for many years but without currently holding one that had been opened by January 2020, e.g. one maturing in, say, mid 2020 and being replaced by a new one then (with some overlap)?

This could qualify for some definitions of the eligibility but not others, as they're stated inconsistently:
https://www.ybs.co.uk/savings/product.html?id=YB571317B

[top] To qualify for the Loyalty Regular Saver you must have had a continuous member relationship with Yorkshire Building Society or Chelsea Building Society on or before the 1st January 2020

[within summary box] You must have an active, open account (Savings or Mortgage) with Yorkshire Building Society or Chelsea Building Society or a SharePlans account that has been OPENED on or before the 1st January 2020

and a third, ambiguous, version at https://www.ybs.co.uk/productdata/Factsheet-YB571317B.pdf

You must have had a continuous membership with Yorkshire Building Society starting on or before the 1st January 2020 with an active, open account (Savings or Mortgage) with Yorkshire Building Society or Chelsea Building Society or SharePlans as either Main Holder, Other Holder or Trustee to be eligible for the Loyalty Regular Saver account

Ed-1

SFindlay said:

eddie7612 said:

Anyone had any luck opening the YBS regular saver without an account opened before Jan 2020 (but having continuous membership)? I qualify based on the continuous membership condition but I don't have an open account from before then. Just been told I can't have this account by one branch.

Why do you think you qualify as a member if not had an account open during that period? 

Presumably they had at least 1 account with them at all times but none currently open that were opened before 2020.

E.g. Account A opened November 2019.
Account B opened February 2020.
Account A closed March 2020.

Newly_retired

I have just received my application form through the post from YBS local branch. Given that we are near the end of the month, I presume returning it today together with a cheque for £500 is the best way to be sure it will be open this month? (Normally I would open it with less, and transfer the rest online. ) Being a 28 day month it is cutting it fine.

colsten

Newly_retired said:

I have just received my application form through the post from YBS local branch. Given that we are near the end of the month, I presume returning it today together with a cheque for £500 is the best way to be sure it will be open this month? (Normally I would open it with less, and transfer the rest online. ) Being a 28 day month it is cutting it fine.

It will depend on

1. when your application gets processed
2. whether YBS credit your account on the day they process your application or when the cheque has cleared. If the latter, it's not going to happen in February, so let's hope it is the former, and that they process your application this week.

EDIT: My cheque shows as credited on Feb 24,  the day they opened  my account. As of yet, there is no sign of it in my current account but that doesn‘t matter now. Next deposit on March 1 🥳

Blue_Sky

I opened a Loyalty reg saver account with YBS this morning.  I had overlapping reg saver accounts that covered the dates requirement but I did not have one account that met the dates criteria.  The staff in the branch said that was fine, because I had continuous membership of the society across the time specified even though I did not have one single account that covered that requirement.