Regular Savings Accounts: The Best Currently Available List!

castle96

wouldn't be so confusing if they didn't name each product so nearly the same

where_are_we

My Chorley Building Society Seasonal Regular Saver matured recently. I returned the maturity letter requesting option 1 which opened a new Seasonal Regular Saver3 paying 1.05% by retaining £1 of my maturity money. However online it states a 1.25% rate on a balance of £1 and an unchanged account number. On their website for withdrawn accounts it states SRS1, SRS2 and SRS3 have interest rates of 1.05%. Rather confusing!

I am not impressed with the use of BACS to transfer the maturity money. I know it takes 2 to 4 business days from Tuesday`s release so hopefully it will arrive tomorrow, otherwise it will be Monday! Principality BS can pay out on the maturity day - even on a Sunday. Is regulation of savings accounts payouts necessary?

typistretired

My Chorley payment is showing in my nominated account as being paid in tomorrow
My new regular saver is showing 1.25% too, they stated you would keep same account number. So for me no complaint

Fingerbobs

Silly question no doubt, but my Saffron regular saver matured yesterday, and it has turned into a Maturity savings account paying 0.1%, which I can see online, but can't see any way to transfer money out of the account. Am I missing something? 

10_66

Fingerbobs said:

Silly question no doubt, but my Saffron regular saver matured yesterday, and it has turned into a Maturity savings account paying 0.1%, which I can see online, but can't see any way to transfer money out of the account. Am I missing something? 

I think you can't withdraw electronically from the Maturity Easy Access account, there are other instant access accounts they have that you can withdraw from electronically though.

typistretired

Saffron maturity package  you could have opened another regular saver with same account number and interest rate. My matured funds are now in my nominated account and first payment of £500 for the next 12 months regular saver showing in the account

Fingerbobs

typistretired said:

Saffron maturity package  you could have opened another regular saver with same account number and interest rate. My matured funds are now in my nominated account and first payment of £500 for the next 12 months regular saver showing in the account

I didn't want to roll it over; just wanted the money out, but expected to be able to do it online. I've sent them a secure message. 

trickydicky14

typistretired said:

Saffron maturity package  you could have opened another regular saver with same account number and interest rate. My matured funds are now in my nominated account and first payment of £500 for the next 12 months regular saver showing in the account

My Saffron RS also matured yesterday; I recall being contacted regarding maturity instructions. OP did you not get contacted?

I logged in and confirmed my linked bank account and it also gave me the opportunity to fund a new RS as previously mentioned.

Today, new account opened and funded and remainder transferred to my bank.

Like a well-oiled machine.

ashteadgirl

trickydicky14 said:

typistretired said:

Saffron maturity package  you could have opened another regular saver with same account number and interest rate. My matured funds are now in my nominated account and first payment of £500 for the next 12 months regular saver showing in the account

My Saffron RS also matured yesterday; I recall being contacted regarding maturity instructions. OP did you not get contacted?

I logged in and confirmed my linked bank account and it also gave me the opportunity to fund a new RS as previously mentioned.

Today, new account opened and funded and remainder transferred to my bank.

Like a well-oiled machine.

Exactly the same for me. Alll very well organised

Fingerbobs

trickydicky14 said:

typistretired said:

Saffron maturity package  you could have opened another regular saver with same account number and interest rate. My matured funds are now in my nominated account and first payment of £500 for the next 12 months regular saver showing in the account

My Saffron RS also matured yesterday; I recall being contacted regarding maturity instructions. OP did you not get contacted?

I logged in and confirmed my linked bank account and it also gave me the opportunity to fund a new RS as previously mentioned.

Today, new account opened and funded and remainder transferred to my bank.

Like a well-oiled machine.

Yes, I received an email with a link to the Maturity Pack, but I opted for the default option to just allow the account to convert into a Maturity Saver then deal with the funds manually. I did not expect to be unable to transact on the Maturity account online.