Regular Savings Accounts: The Best Currently Available List!

[Deleted User]

SFindlay said:

Deleted_User said:

More people abuse it, more likely they are to crack down on it.

Crack down by doing what exactly??

There's a huge difference by overpaying each month and getting additional interest for the entire term (we would all be paying in a few thousand each month if that was the case) and making a 13rh payment. I too have accidentally paid into same issue twice in a month and had the additional payment returned within a couple of days so they clearly have an IT system that can identify that so if really bothered about a 13th payment they could easily police it!! 

Some people seem to have forgotten this thread is supposed to be here to HELP each other with letting people know about new products and sharing personal experiences to allow others to benefit. My personal experience has shown a 13th payment can be made (that may be a loophole closed the day after I did it, who knows) so it's then up to others to decide what THEY want to do.

MANY regular savers have little quirks like being able to make 13th payments etc which the financial institutions really don't care about so why is it others (who have no business to try and interfere) get in such a tizz about it when it really has nothing to do with them. We are adults and like ALL financial products it is our own personal responsibility to read T&C  and decide from there if product is right for us, after that it's nobody's business how the account is run bar the financial institution providing the account

Maybe we can just get back to feeling comfortable in asking for advice and getting hints, tips and personal experiences to HELP each other out rather than how it has gone in the last few months where people seem to be jealous of others and take delight in trying to scupper orhers constantly!! 

crack down on people deliberately breaking the terms and conditions of the account

This thread says it's about the best regular savers, not encouraging people to deliberately breach terms and conditions of accounts which will inevitably result in things being tightened up.

Andystriker

crack down on people deliberately breaking the terms and conditions of the account

This thread says it's about the best regular savers, not encouraging people to deliberately breach terms and conditions of accounts which will inevitably result in things being tightened up.

What a stupid post!

castle96

Just seen/opened Cov B S reg saver Iss 5 1.05% var. £500pm. Assume this is new?

schiff

castle96 said:

Just seen/opened Cov B S reg saver Iss 5 1.05% var. £500pm. Assume this is new?

I think it's been on offer for a while.

SFindlay

castle96 said:

Just seen/opened Cov B S reg saver Iss 5 1.05% var. £500pm. Assume this is new?

Been out for quite a while now, fully expect issue 6 to be released within next month or so. 

castle96

Still no problems with multiple  RSs with them??

PRAISETHESUN

castle96 said:

Still no problems with multiple  RSs with them??

With Coventry? Yes - there are issues now.

Some posters with multiple reg savers reported a few months back getting letters from them saying their multiple accounts were getting closed down. Not everyone with multiple accounts, but a fair amount. The T&Cs have also changed such that having multiple accounts of any issue is now a no-go. I haven't tried personally but it's probably not worth risking it.

castle96

I had 3 until recently when 1 matured since. Now have 2 of the same issue left, + this new Iss5. No letters received. Think I will just go ahead with it and keep fingers crossed

slush

Sadly, I had my letter from Coventry BS this week. They will close the lastest issue in 2 months.

SFindlay

castle96 said:

Still no problems with multiple  RSs with them??

Varies from person to person so they're clearly not having a blanket check, but to be honest worst case scenario for those who have had letters is some accounts had interest paid up and account closed so they've not really lost out as would never have had that interest if didn't open multiples in first place! 

I think some people on this forum are more bothered by others opening multiple accounts than the institutions so will wait and see what  issue 6 T&C say.