Regular Savings Accounts: The Best Currently Available List!

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.

typistretired

YBS Regular Saver showing in App as opened yesterday with cheque deposit

mhoc

Frogletina said:

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

In view of the YBS requirement for a demonstrations of loyalty I am pondering if it might be a good idea to open a M&S everyday savings account with £1 - my M&S regular saver matures in April and as you say there is nothing to replace it. Might this at least "hold my place" if they revive the regular saver at some point? 

where_are_we

M&S Monthly Saver - old conditions were a cass switch, current account and 2 DD`S. Yes - good advice to keep current account and 2DD`s ticking over until hopefully a reincarnation of the MS.

retiree

colsten said:

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 🥳

Other than advancing the eventual maturity date, I cannot see any advantage in rushing to get it open this month. Am I missing something?

glider3560

retiree said:

colsten said:

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 🥳

Other than advancing the eventual maturity date, I cannot see any advantage in rushing to get it open this month. Am I missing something?

If you open the account at the end of a month then make the subsequent payments on the 1st, you get a higher balance for a longer period of time (so more interest).

soulsaver

retiree said:

colsten said:

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 🥳

Other than advancing the eventual maturity date, I cannot see any advantage in rushing to get it open this month. Am I missing something?

Possibility they withdraw it?