Regular Savings Accounts: The Best Currently Available List!

finance4all

I was just writing about 57k, not T&Cs. 

It's a little weird because you can open this account one day before your 35th bday and one day later it will change from RS to SA? I don't think it works like that and I don't think Bath BS is fully aware of how it works.

There is one more possible way they calculated that 57k, by 17 years of max contributions which is 51k + interest which is around £5321. When we round it up it might be 57k

polymaff

And where did you find the figure of £57k?  When you're in a deep, deep hole ...

Writing concisely and unambiguously is a lost art; likewise comprehension..  QED

Note also that the BBS are doing exactly what ISPs have been told not to do.  Advertise a circumstance they can only deliver to a few - or in the BBS case - nobody!

The general incompetence is further shown in the BBS statement:

"Maximum balance £57,000 (For any balances held in excess of this level, an interest rate of 0.00% gross will be paid)."

finance4all

polymaff said:

And where did you find the figure of £57k?  When you're in a deep, deep hole ...

The general incompetence is further shown in the BBS statement:

"Maximum balance £57,000 (For any balances held in excess of this level, an interest rate of 0.00% gross will be paid)."

I guess in the same place as you, which is their website.

Let's just leave it. I guess not many people on this forum are from Bath and between 18-34 have a good day!

soulsaver

Got the Cov BS  'You hold more than one regular saver...' letter today..

Sorry if you thought you'd been missed after the last thread discussion, but I'm guessing your letter maybe on the way.

1882

Still waiting

[Deleted User]

Got a letter from Coventry BS this morning (Coventry address on the back). I was downhearted, expecting it to be the letter of doom re multiple Regular Savers. It turned out to be my annual statement as at 5 April, plus certificate of interest paid in the last tax year.  So still waiting.

PS Came with a glossy brochure (several pages) describing in glorious technicolour "how to save" with Coventry. Went straight into the recycling bin. If they stopped wasting money like this, they could maybe raise interest rates by 0.05%

Rich2808

JamesPeter said:

On the front page of this thread, under The Darlington Building Society 'Special Occasions Saver' it says:

Darlington BS Special Occasions Saver

Monthly payment: £1-£750 (£250 per account and you can have three of them)

Living in an eligible post code, I have had one of these accounts for quite a while, and I popped into the Darlington BS this morning and asked if I could open another Special Occasions Saver account. I was met with a firm 'No' and referred to the T&C's:

Eligibility - Limited to 1 account per person including any joint accounts.

https://www.darlington.co.uk/savings/all-savings-accounts/regular-savings-accounts/special-occasions-saver/

You may wish to update the details on the first page?

So apparently you can only buy one dream car, have one holiday, one family wedding or one Christmas/special event per annum? Although presumably if you open a joint account you can pay for the wedding.

Although to be fair the maximum interest you would earn on the account is £20 per annum - which would barely buy a round of drinks for the bride and groom and best man/bridesmaids even in Darlington!

"Whether you want to save for your next holiday, your dream car, a family wedding, Christmas or indeed for any special event, our Special Occasion Saver can help you."

happybagger

Swansea BS regular saver (legacy)

Rate halved from 2% to 1% on 1 May

Special_Saver2

Hi Folks,

Here is this weekend's update to this thread.

- Stafford Railway BS account entry updated to show that it is only available to locals now

- Bath BS Regular Saver account entry updated to show that it is now only available to locals or existing customers

- Bath BS Homestart Regular Saver account entry updated to show that the interest rate has dropped to 1.15%

- Darlington BS Special Occasions Saver account entry updated to show that you can now only open one account (you used to be able to open four of them)

Many thanks again to the people who have made useful posts on this thread.

I will do the next update next weekend.

SS2

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For those new to this thread, the first few posts are constantly updated and are on the first page
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

mhoc

Well I now have the Coventry letter of doom - my letter but not my OHs as yet.
I wonder if they are doing a manual audit and have now got to the letter H 

My date is 27th June 2021 - its probably me being stupid but which will they close all but the most recent so it will be only issue 5 left?
 I have an issue 2 that matures in May so that just leaves 3,4 and 5.

I was not goign to bother with Leek BS but now it looks more interesting