Regular Savings Accounts: The Best Currently Available List!

schiff

The Vernon is only small, five branches and the Head Office, all within a hen-stride of Stockport centre. Its avowed purpose like probably most building societies originally back in the day is:

"Founded in 1924 in Stockport, Cheshire, the Vernon is an independent, mutual building society. We seek to provide competitive mortgages, savings and investment products and to be a trusted source of reliable financial advice within our local community."

My emphasis. They are obviously comfortable not expanding further and they are probably well aware that opening this ridiculously generous cash ISA to the open market would drown them in applications. So who can blame them?

IanManc

schiff said:

The Vernon is only small, five branches and the Head Office, all within a hen-stride of Stockport centre. Its avowed purpose like probably most building societies originally back in the day is:

"Founded in 1924 in Stockport, Cheshire, the Vernon is an independent, mutual building society. We seek to provide competitive mortgages, savings and investment products and to be a trusted source of reliable financial advice within our local community."

My emphasis. They are obviously comfortable not expanding further and they are probably well aware that opening this ridiculously generous cash ISA to the open market would drown them in applications. So who can blame them?

The head office and branches are open either two or three weekdays each week, but if the nearest is closed on a particular weekday then the next nearest will be open. I've mostly used the branch in Reddish and the service has been excellent, and the staff have been friendly and helpful in all the branches I've visited.

schiff

2020/21 tax return submitted, refund awaited 

glider3560

schiff said:

2020/21 tax return submitted, refund awaited 

What does this have to do with regular savers?

trickydicky14

M&S Regular Saver.

M&S Regular Saver.

Can someone help me out here, I have a regular saver with M&S which should have matured on the 5th April that’s 3 days ago.

I had forgotten it was due until just now so I logged in to my account only to find no trace of the account.

I have had no notification from M&S about the account maturing but it has and its gone!

I assume it should have been put into an instant access account?

Would it take this long to move it, could it be due to the Easter period?

I just can’t believe its vanished for 3 days

The last payment was made in March and the standing order has been cancelled.

colsten

It's normal that the M&S RS vanishes for a couple of days after maturity. It will be back tomorrow or the day after, either as a normale savings account or in your current account

PRAISETHESUN

It should all be detailed in the letter they send out before your account matures. The account disappears for a day or two and they transfer the money into a a new or existing account depending on what other accounts you hold with them. They only work on business days so if it matured over Easter then it may take a few days longer than usual. I'm in a similar boat as my FD reg saver matured on Wed and I'm waiting for the money to sort itself out.

trickydicky14

PRAISETHESUN, thanks for your comment.
As it stands, I have not had a letter regarding maturity so I tried 'live chat' and that was as much use as a chocolate teapot.
So I ended up ringing and was told my money would be available midnight tonight. 
So something to stay up for, it's been quiet round here the past 12 months you know.

polymaff

trickydicky14 said:

M&S Regular Saver.

Can someone help me out here, I have a regular saver with M&S which should have matured on the 5th April that’s 3 days ago.

Are you sure of that date? Mine was due to end last Thursday.  I thought that I'd see the payout on Tuesday - but the funds were available - and extractable - on Good Friday.

They'd  got the sum right, too.  To the penny !

trickydicky14

Santander Regular Saver.

My Santander regular saver has just matured and the interest added.

Now I’m aware Santander tend to renew the reg savers without it being requested.

I stopped my standing order thinking that would put an end to the reg saver but no, I have a new one set up ‘Regular E Saver issue 12’ and all my savings from the previous one plus interest is within the account.

I expected the money to be moved out and start fresh, does this mean I could just use the account as an instant access account and continue to get 0.50% on my money, so month one onwards its 0.5% on £2400+

That can’t be correct, can it?