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Regular Savings Accounts: The Best Currently Available List!
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But the rate for this account has always been behind the curve, hence my balance sits at £1. By 7/10 there are likely to be much better options for the money.kaMelo said:
Good to know, despite the name there is no requirement to be a first time buyer and it operates essentially like an easy access account.Kazza242 said:
The Coventry BS First Home Saver (regular savings account) rate is also going up from 1.85% to 2.25% w.e.f. 7th October 2022.veryintrigued said:Coventry BS
RS5 rate increases to 2.4%2 -
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 a maximum of £750 per month.
Max Account Balance: £30,000
Details in the Summary Box on their website::
and account 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 for example, will they eventually merge 3 account holdings into 1 account to prevent this. Or will they amend their t&c's to say those with multiple accounts can only pay in £750 max per month across all their SOS accounts?
I will ask next time I am passing a branch.
Edit 09:14hrs:
Just a semi update to this. Since my original post, the Darlington BS website has been updated.It appears what was the 'Special Occasion Saver' is now siuperseeded by the 'Regular Monthly Saver Account' - with the new T&C's above.Links now also updated above.Not sure what happens with the Special Occasions Saver Accounts as the 'Regular Monthly Saver' seems to have superseeded the Special Occasion Saver. However the Special Occasion Saver does not appear in their 'Closed Regular Savings Accounts' list (as this point in time anyway).
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Don't know why they didn't do this in the first place what with all the admin involved.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:
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.
I choose the rooms that I live in with care,
The windows are small and the walls almost bare,
There's only one bed and there's only one prayer;
I listen all night for your step on the stair.1 -
trickydicky14 said:
Don't know why they didn't do this in the first place what with all the admin involved.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:
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.
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
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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 £750.2 -
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: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?
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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%.1
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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
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The Special Occasions Saver is now in their Closed Accounts section.JamesPeter said:Edit 0930hrs.The 'Special Occasions Saver' account is now listed in the 'Closed Accounts' section of the Darlington BS Website: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?2 -
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/
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