Regular Savings Accounts: The Best Currently Available List!

JamesPeter

trickydicky14 said:

JamesPeter said:

Darlington Building Society (Special Occasion Saver Account)

A slight change to the T&Cs for the Darlington BS Special Occasion Saver (Regular Saver).

Previously you could open three of these accounts and pay in a max of £250 per month to each account.

Now, you can only open one Special Occasion Saver account and fund it upto £750 per month.

Max Account Balance: £30,000

Details in the Summary Box on their webpage:

 https://www.darlington.co.uk/wp-content/uploads/2022/09/Summary-Box-Regular-Monthly-Saver-account-v1.pdf

and webpage (scroll down for t&c's)

https://www.darlington.co.uk/savings-account/regular-monthly-saver-account/

What I am not sure of though, is if you already have the 3 existing Special Occasion Saver accounts, can you now pay £750 per month into each? It is not clarified in the Summary Box. Or of they will eventually merge 3 account holdings into 1 account to prevent this.

I will ask next time I am passing a branch.

Don't know why they didn't do this in the first place what with all the admin involved.

I asked in-branch about this when I opened my 3 accounts early last year. The response I received was that it caters for couples who want to have one individual account each and one joint account.

However, the new t&c's now prevent having the joint account if two individual ones are held:

A maximum of one account can be opened per person. Accounts can be
opened in joint names, but only one account, whether in single or joint names
can be held per person

Bridlington1

The way round this could be to say something along the lines of:
you may have a maximum of 3 regular savers in your name, joint and/or sole but the maximum monthly deposit you may have across all regular savers in your name is £750.

JamesPeter

Darlington BS 'Special Occasion Saver' - now 'Regular Monthly Saver'

Just updated my earlier post to say that the Darlington BS have now updated their website again since my earlier post.

It appears the 'Special Occasion Saver' is no more. It has been superseeded (or re-named) by the 'Regular Monthly Saver Account' with the new t&c's. (one account only, max £750 per month, max balance £30k).

However as yet, the Special Occasion Saver does not apear in their closed account part of their website.

So am not fully sure if this is just a simple re-name of the SOS account with new t&c's, or a new account altogether and the Special Occasion Saver will be listed under their closed accounts eventually. 

Also, if it is a new account, whether one can hold (and pay into) 3 Special Occasion Saver accounts at £250 per month AND also open a 'Regular Monthly Saver' account and pay in £750 per month concurrently.

Edit 0930hrs.

The 'Special Occasions Saver' account is now listed in the 'Closed Accounts' section of the Darlington BS Website:

https://www.darlington.co.uk/savings-accounts/closed-savings-accounts/

So, it would appear that the 'Regular Monthly Saver Account' is a brand new account.

Edit 0940hrs - And the Special Occasions Saver has now been removed from their 'Closed Accounts' section of the website.

What are they doing?

apt

The supposedly variable Yorkshire BS loyalty regular saver is staying at 5% yet again. Most other YBS variable accounts are going up by 0.3%.

kaMelo

It's market leading along with NatWest/RBS, with a higher pay in. Whilst it would be nice they have no need to change it

10_66

JamesPeter said:

Edit 0930hrs.

The 'Special Occasions Saver' account is now listed in the 'Closed Accounts' section of the Darlington BS Website:

https://www.darlington.co.uk/savings-accounts/closed-savings-accounts/

So, it would appear that the 'Regular Monthly Saver Account' is a brand new account.

Edit 0940hrs - And the Special Occasions Saver has now been removed from their 'Closed Accounts' section of the website.

What are they doing?

The Special Occasions Saver is now in their Closed Accounts section.

Bridlington1

Ecology BS is increasing the rate of their regular saver from 1.4% to 2.1% from 26/9/22. One key feature of this account is it allows deposits by direct debit.

Full list of rate increases:
https://www.ecology.co.uk/hub/savings-rate-change-sept-2022/

chris_the_bee

JamesPeter said:

Darlington BS 'Special Occasion Saver' - now 'Regular Monthly Saver'

Just updated my earlier post to say that the Darlington BS have now updated their website again since my earlier post.

It appears the 'Special Occasion Saver' is no more. It has been superseeded (or re-named) by the 'Regular Monthly Saver Account' with the new t&c's. (one account only, max £750 per month, max balance £30k).

However as yet, the Special Occasion Saver does not apear in their closed account part of their website.

So am not fully sure if this is just a simple re-name of the SOS account with new t&c's, or a new account altogether and the Special Occasion Saver will be listed under their closed accounts eventually. 

Also, if it is a new account, whether one can hold (and pay into) 3 Special Occasion Saver accounts at £250 per month AND also open a 'Regular Monthly Saver' account and pay in £750 per month concurrently.

Does anyone know whether one can hold (and pay into) 3 Special Occasion Saver accounts at £250 per month AND  also open a 'Regular Monthly Saver' account and pay in £750 per month concurrently. 

ian16527

I have a High Days and Holidays saver from a while ago which I still pay into, but now it seems to be lagging the interest fates of the above Special Occasion Savings account and the new regular saver.
Time to move on to the new account

JamesPeter

chris_the_bee said:

JamesPeter said:

Darlington BS 'Special Occasion Saver' - now 'Regular Monthly Saver'

Just updated my earlier post to say that the Darlington BS have now updated their website again since my earlier post.

It appears the 'Special Occasion Saver' is no more. It has been superseeded (or re-named) by the 'Regular Monthly Saver Account' with the new t&c's. (one account only, max £750 per month, max balance £30k).

However as yet, the Special Occasion Saver does not apear in their closed account part of their website.

So am not fully sure if this is just a simple re-name of the SOS account with new t&c's, or a new account altogether and the Special Occasion Saver will be listed under their closed accounts eventually. 

Also, if it is a new account, whether one can hold (and pay into) 3 Special Occasion Saver accounts at £250 per month AND also open a 'Regular Monthly Saver' account and pay in £750 per month concurrently.

Does anyone know whether one can hold (and pay into) 3 Special Occasion Saver accounts at £250 per month AND  also open a 'Regular Monthly Saver' account and pay in £750 per month concurrently. 

Well, I went into my local Darlington BS branch this morning and completed the forms etc and deposited £750 to open the new Regular Monthly Saver account. Just awaiting the passbook to be issued now.

The cashier was a little unsure as to whether I could open it or not (I have 3 x active Special Occasion Saver Accounts), however her senior colleague said yes I could as the SOS is now classed as a 'Closed Issue' accout.

So, the answer seems to be yes.