We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Regular Savings Accounts: The Best Currently Available List!

Options
14054064084104111703

Comments

  • The air ambulance saver on the app is 0.50% from 1st February minimum £100 worth opening as the rate could increase if rates go up
    "Look after your pennies and your pounds will look after themselves"

  • I have also just received my Tipton maturity letter. Not sure what to do, I want the money out but also like to keep some sort of account going so as to have a foot in the door just in case Tipton offer members only account some way down the line. I see they offer an easy access maturity saver which only pays 0.30%, I could put up with this if I could just leave £10 in the account but it looks like it’s a minimum of £100 have I got that right?


    Yes that's correct  but bear in mind that you can only withdraw from the maturity saver by cheque too.  
    I can't be doing with that, so I'll empty my account and be done with it, thanks for the info.
    There is a Tipton air ambulance saver, minimum £100 via the app, withdrawals 3 times a year. 
    Oddly, the app misleadingly states 0.40% AER on the landing page whilst other pages and the T&C website state the correct AER of 0.50%.
    'Landing page'

    'Air ambulance saver'

    I see what you did there
  •  Tipton RS maturity instructions will be - £100 opening deposit in the 30 day Midlands Air Ambulance Issue 2 @ .5% (to keep Membership status) and a cheque in the post for the remaining balance. Remember to enclose your passbook in your maturity envelope.
  • I have the Ipswich/Suffolk Reg Saver issue 1 that matures on the 28th of this month.

    I have received the maturity letter and am confused. I thought this was a 14 month account and opened it in Dec 2020 and my 14th payment was in Jan and then I cancelled the SO.

    The maturity letter states my balance at the end of January is 3500 which is correct, but goes on to state that the maturity balance will have my Feb deposit added to it. This would make it 3750 and turn it into a 15 month account?

    Looking at the original terms it states that you must make a deposit each calendar month.

    Has anybody got a view on what I should be doing i.e., sit still or quickly resurrect the SO for 1 month? 
  • I have the Ipswich/Suffolk Reg Saver issue 1 that matures on the 28th of this month.

    I have received the maturity letter and am confused. I thought this was a 14 month account and opened it in Dec 2020 and my 14th payment was in Jan and then I cancelled the SO.

    The maturity letter states my balance at the end of January is 3500 which is correct, but goes on to state that the maturity balance will have my Feb deposit added to it. This would make it 3750 and turn it into a 15 month account?

    Looking at the original terms it states that you must make a deposit each calendar month.

    Has anybody got a view on what I should be doing i.e., sit still or quickly resurrect the SO for 1 month? 
    Surely, unless your first payment was credited on 1 December then 14th month is not completed until some time in February.
    I do not have one of these accounts so cannot check the terms on which it was issued and whether 15 payments are allowed/expected.
  • Nick_C
    Nick_C Posts: 7,602 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Home Insurance Hacker!
    Just received my YBS Loyalty Regular Saver maturity letter.

    It states the funds will be transferred into a "Six Access Saver" paying interest of 0.65%.  YBS called me on 4 Feb about my account maturing, but they didn't say anything about it going into a "Six Access Saver".  Still, I suppose it's the top rate account that they could transfer the funds to, so it seems fair.

    Somebody said upthread that the Six Access Saver rate of interest was increasing to 0.75% on 1 Feb.  The product information sheet definitely says 0.65%.  There is no issue number for the account.

    Interest rates for the Six Access Saver are shown under "withdrawn accounts" on the YBS web site https://www.ybs.co.uk/savings/interest-rates/withdrawn-accounts.html


  • When you click the YBS link loyalty sixth access shows 0.75%
    "Look after your pennies and your pounds will look after themselves"
  • glider3560
    glider3560 Posts: 4,115 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I have the Ipswich/Suffolk Reg Saver issue 1 that matures on the 28th of this month.

    I have received the maturity letter and am confused. I thought this was a 14 month account and opened it in Dec 2020 and my 14th payment was in Jan and then I cancelled the SO.

    The maturity letter states my balance at the end of January is 3500 which is correct, but goes on to state that the maturity balance will have my Feb deposit added to it. This would make it 3750 and turn it into a 15 month account?

    Looking at the original terms it states that you must make a deposit each calendar month.

    Has anybody got a view on what I should be doing i.e., sit still or quickly resurrect the SO for 1 month? 
    Ipswich/Suffolk are normally very customer friendly (and reply quickly), so it may be worth sending them an email to double check (there's an email on my maturity letter).

    The conditions I saved say:
    "You must make at least one deposit per calendar month until 28 February 2022, by cash, cheque or standing order, which you can vary between £10 and £250. You cannot transfer funds from another Ipswich Building Society account."

    But then goes on to say:
    "If you miss depositing into your account in any 2 calendar months, we will transfer the balance to our instant access Everyday Saver account"

    If you do need to make a payment, it doesn't need to be a standing order, you can just make a one-off Faster Payment to the account.
  • Nick_C
    Nick_C Posts: 7,602 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Home Insurance Hacker!
    edited 14 February 2022 at 5:42PM
    When you click the YBS link loyalty sixth access shows 0.75%
    While what you say is true, that (Loyalty Six Access Saver) isn't the account that the letter says my maturity funds will be paid into, nor is it the rate quoted in the letter.

    Until the account actually matures, I will assume that the letter is accurate, and the funds will go into a Six Access Saver at 0.65%.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.