Regular Savings Accounts: The Best Currently Available List!

Kazza242

Descrabled said:

Loughborough

Thanks Kazza for info on this new R S.  The Flex Save-to-Buy (no longer available) has now increased interest rate to 2%.  Not before time.  Loughborough always seem to be late to the party.

I have the Loughborough Flexible Save To Buy and Flexible Monthly Saver accounts (both now paying 2.00%).  Yes, agreed, they were slow to increase their interest rates. 

I reduced my monthly deposits into both accounts to £10 respectively.  I'm not sure whether I should increase them, especially as there will be another BOE MPC meeting in September.  Easy access account rates will soon surpass 2.00%.

I'll open their Regular Saver (issue 1) as at 2.50% it is a decent rate at the moment.    

Kazza242

gwapenut said:

Ask I right in thinking there is no online access for the Loughborough at all?

Yes, that's correct.

Bridlington1

gwapenut said:

Ask I right in thinking there is no online access for the Loughborough at all?

It looks like it. Also it appears that unless you go into branch, you have to make your initial deposit by cheque alongside proof of adress and ID, all of which needs to be posted to them.

Kazza242

Bridlington1 said:

It looks like it. Also it appears that unless you go into branch, you have to make your initial deposit by cheque alongside proof of adress and ID, all of which needs to be posted to them.

It states that on their website, but as an existing Loughborough BS customer when I opened their Save To Buy, it stated the same info (re: providing ID etc.) but I did not send any.  They opened the account for me.  

happybagger

Interesting re: Loughborough BS.

On closed issues, the Flexible Monthly Saver had increased from 1.2 to 2% but they kept the Flexible Save to Buy at 1.5%. Now they have raised the latter to 2%.

Now the open issue Monthly Saver has been increased from 1% to 2.5% in one go. It appears to be unrestricted withdrawals.

I'd already closed my FMS account but retained the FSTB account. I will maintain that now, as I notice this one part of the terms on the open Monthly Saver account:

Once the account becomes a closed issue, no further deposits may be made

which is not the case on the closed issues.

Kazza242

happybagger said:

Interesting re: Loughborough BS.

Once the account becomes a closed issue, no further deposits may be made

which is not the case on the closed issues.

I phoned Loughborough BS to ask them about this this afternoon.  One of their senior savings managers called me back just now.

They said that they may allow customers to continue paying into the Regular Saver (issue 1) even after the account becomes a closed issue.  They put the condition there just in case the account becomes very popular.   If they do decide to stop taking deposits, they will write to customers in advance and will provide notice of any change in that regard.  

Wheres_My_Cashback

I finally gave up waiting for Loughborough to increase rates on the FSTB last week and told them in writing that I've had to cancel 3 accounts this year due to them being left behind. Typical they now increase.

However, I feel vindicated as those funds are now sat with OakNorth at 2.26%.

[Deleted User]

Wheres_My_Cashback said:

I finally gave up waiting for Loughborough to increase rates on the FSTB last week and told them in writing that I've had to cancel 3 accounts this year due to them being left behind. Typical they now increase.

However, I feel vindicated as those funds are now sat with OakNorth at 2.26%.

I closed my Loughborough FSTB on 15th August when it was still at 1.5%. I felt that I had waited long enough for the rate to rise from 1.5%. I wonder if Loughborough were waiting for enough of these accounts to be closed before raising the rate?
I've today posted off an application for the RS Issue 1 at 2.5%, along with cheque for £500.

Snapdragon

Daliah said:

gt94sss2 said:

Daliah said:

SRBS crediting of deposits; they are treacle slow in showing the deposits online BUT it doesn't matter as the amounts get credited for the day you make the payment. This is the case for deposits made on working days, at least.

Its been a week and I still haven't even received my account number or any login details..

Mine took 4 working days, with a weekend in between. Hopefully yours will arrive in a day or two.

No sign yet of my passbook, either. But I won’t need it for quite a while yet, unless interest rates suddenly jump massively and SRBS don’t follow suit

I applied on the 13th and got email confirmation of my registering and applying, which stated "your unique online user ID and activation code will be sent to your registered email address or mobile phone if you have registered one in the next few days". However to date I have received no further email.

I have now received my passbook in the post with a welcome letter dated the 17th, saying I have 14 days from date of letter to make a deposit, but don't have the means to log in yet. Is this normal? Did others get an email with login details?

Daliah

Snapdragon said:

Daliah said:

gt94sss2 said:

Daliah said:

SRBS crediting of deposits; they are treacle slow in showing the deposits online BUT it doesn't matter as the amounts get credited for the day you make the payment. This is the case for deposits made on working days, at least.

Its been a week and I still haven't even received my account number or any login details..

Mine took 4 working days, with a weekend in between. Hopefully yours will arrive in a day or two.

No sign yet of my passbook, either. But I won’t need it for quite a while yet, unless interest rates suddenly jump massively and SRBS don’t follow suit

I applied on the 13th and got email confirmation of my registering and applying, which stated "your unique online user ID and activation code will be sent to your registered email address or mobile phone if you have registered one in the next few days". However to date I have received no further email.

I have now received my passbook in the post with a welcome letter dated the 17th, saying I have 14 days from date of letter to make a deposit, but don't have the means to log in yet. Is this normal? Did others get an email with login details?

 I certainly did get the email for the login - though all their allows you to do is view the RS. Give them a nudge if your login email is still missing.

You can make deposits, up to £500 this month, without having online access. I can't check right now but IIRC, the bank details for the deposits are in the passbook