Regular Savings Accounts: The Best Currently Available List!

Daliah

subjecttocontract said:

Yes I'm sure there are, but that wasn't the question.
Swansea are limiting new applications to Welsh residents. 
Are there any savings accounts that specifically limit applications just from English residents ?

I suspect there arent.

I don't see a problem with postcode restrictions but I do see a problem with restricting a whole nation.

What problem do you see with it? And if you are fine with post code restrictions, why are you not fine with all Welsh post codes?

There is no law that forces a private company to offer their products throughout the UK. It’s a commercial decision they can take as they see fit.

subjecttocontract

The problem for me is it's discriminatory in nature. There are English residents closer to Swansea than some Welsh residents.

wiseonesomeofthetime

subjecttocontract said:

Yes I'm sure there are, but that wasn't the question.
Swansea are limiting new applications to Welsh residents. 
Are there any savings accounts that specifically limit applications just from English residents ?

I suspect there arent.

I don't see a problem with postcode restrictions but I do see a problem with restricting a whole nation.

Yes.

Every English building society that restricts access to their savings account via local postcode!

For example, Suffolk Building Society. 

"Be an existing member or a new member resident in postcode areas IP, NR, CO, CM, CB or PE"

All of these postcodes are in England!

So if you live in Scotland or Wales, or any other country, you cannot apply.

And their rate of 2.75% is higher than Swansea too

soulsaver

subjecttocontract said:

Yes I'm sure there are, but that wasn't the question.
Swansea are limiting new applications to Welsh residents. 
Are there any savings accounts that specifically limit applications just from English residents ?

I suspect there arent.

I don't see a problem with postcode restrictions but I do see a problem with restricting a whole nation.

No they are not. That would be illegal.

finspaniard

Do you get paid the interest in if you close the Santander previous issue?

ForumUser7

finspaniard said:

Do you get paid the interest in if you close the Santander previous issue?

Yes, you get all the interest earned up to the closure I believe

orange-juice

Closed mines on Tuesday but not received it yet. Have left a message so hopefully resolved soon

Gers

orange-juice said:

Closed mines on Tuesday but not received it yet. Have left a message so hopefully resolved soon

I asked to close mine via the app chatbot yesterday at 3.10p.m. - ten minutes ago I found that the monies had been transferred to my current account (plus the interest) and the RS closed.  I've opened a new one and funded it five minutes ago.

RG2015

I have noticed several people closing their Santander regular saver and opening a new one to get the increase in rate from 2.50% to 2.75%

Can someone confirm the increase if the full amount of £2,400 is deposited over 12 months?

I make it about £3.60 and obviously less for any shorter period. Am I missing something here?

wiseonesomeofthetime

Don't think so. 

Some just chase every last penny 🤷‍♂️