Regular Savings Accounts: The Best Currently Available List!

SFindlay

veryintrigued said:

Can we get back to identying Regular Savers folks?

Good idea rather than putting hurdles in front of people opening them by helping institutions close loop holes!! 
Have you identified a new one veryintrigued? 

Rich2808

veryintrigued said:

Can we get back to identying Regular Savers folks?

Happy to do that - dredging up poster's old posts at 1.48am perhaps isn't the best use of anyone's time!
But perhaps a lesson in my defence that there is a big difference between terms and conditions (you can only open one such account) and guidance which is matter of judgement (e,g, 'you must be a user of the Virgin money homebuying app' - does that require using the app once, daily or annually)?
In the end the most important issue with regular savers as well as the headline rate are the rules:
how much can you invest monthly (minimum and max)?
is it per calendar month or as with the Coventry linked to the opening date in a month
can you miss payments each month or make multiple payments up to the limit
is the rate variable or fixed
is there a fixed term
can you make withdrawals before maturity and if so how many and
last but not least
can you have or open more than one account!!
Isn't that the point of this thread in the end - being clear about the terms and conditions for each account as if you break them you may see the account closed or not get the advertised rate! Which is the point I was making.

schiff

I don't recollect any set of T&Cs, not only with RSs, that leaves at least one unclear T&C. 
It is in the MSE genes to take advantage - remember Gambling Introductory Loopholes - and that's what certain of us have done. 

colsten

Super service from Principality BS. I got email to remind me that an RS was going to mature, and I could select from a list of maturity options in online banking. I chose payment of my balance to my current account, and this promptly arrived in my current account this morning. Excellent company to deal with.

Rich2808

schiff said:

I don't recollect any set of T&Cs, not only with RSs, that leaves at least one unclear T&C. 
It is in the MSE genes to take advantage - remember Gambling Introductory Loopholes - and that's what certain of us have done. 

I certainly agree it would be useful for building society and bank staff who write terms and conditions and associated summary details on their website to be able to form coherent sentences which are not open to multiple interpretations!
Coventry still have this wording 'you can only have one version of a regular saver at a time'.  Why include the words 'version of a' - if you mean only one regular saver in total? Or do you in fact mean not 'version of' but 'issue of' - does this mean you can have an issue 4 and an issue 5 but not two issue 5s? 
I expect its the former they actually mean - but those 3 words confuse matters.
https://www.coventrybuildingsociety.co.uk/consumer/product/savings/regular_saver/regular-saver-5.html

SFindlay

Rich2808 said:

schiff said:

I don't recollect any set of T&Cs, not only with RSs, that leaves at least one unclear T&C. 
It is in the MSE genes to take advantage - remember Gambling Introductory Loopholes - and that's what certain of us have done. 

I certainly agree it would be useful for building society and bank staff who write terms and conditions and associated summary details on their website to be able to form coherent sentences which are not open to multiple interpretations!
Coventry still have this wording 'you can only have one version of a regular saver at a time'.  Why include the words 'version of a' - if you mean only one regular saver in total? Or do you in fact mean not 'version of' but 'issue of' - does this mean you can have an issue 4 and an issue 5 but not two issue 5s? 
I expect its the former they actually mean - but those 3 words confuse matters.
https://www.coventrybuildingsociety.co.uk/consumer/product/savings/regular_saver/regular-saver-5.html

Rich2808 don't worry I wasn't wasting my time at 0148 hours and hardly think me posting then wasted anybody else's time but thanks for the concern!!

You really don't seem to be grasping the point though do you?? It's totally irrelevant what the T&Cs actually say, this forum and others like it are to HELP people by providing personal experiences so other know if they can make a 13th payment, open multiple accounts or simply as Colsten has done above provide positive feedback about a certain provider. The forum IS NOT for people to get jealous and run to financial institutions to report people getting round loopholes in order for them to tighten up, basically behaving as if they're a child running to tell the teacher!!! 

As far as Coventy goes numerous people have provided personal experiences of holding multiple issues and being paid the correct interest on all accounts upon maturity so therefore claiming highlighting the issue to them is for everyone's benefit so they don't have their accounts closed or don't get the advertised rate is just an excuse and a poor one at that when in reality it's just childish.

Anyway I don't think it can be explained any clearer than that and I just hope in future people refrain from running to institutions to report loopholes or guess what this thread and all the good advice will disappear because nobody will want to share their experience in case it leads to others getting jealous and reporting it.

[Deleted User]

Petty name calling doesn't do the forum any good. People exploited a loophole, the loophole is now correctly closed. Nothing worse than a kid who is bullied being told they're a "snitch" or similar for reporting it to the teacher. No-one is jealous and it was inevitable this would be spotted eventually. Maybe think before you post abusive comments because you're unhappy you were getting away with breaking the rules and got caught. Snitches get stitches, right?

Speculator

Any loopholes will need to be discussed via pms in the future.  Too risky posting on here.

colsten

Speculator said:

Any loopholes will need to be discussed via pms in the future.  Too risky posting on here.

How would you 'police' that?

You'd still get people asking questions on the forum -  and people answering them.

You'd also still get people running to the providers asking them about loopholes.

And you will still get people bragging about the exploitation of loopholes.

what7

Loophole for 1% RS, give me a break haha