Regular Savings Accounts: The Best Currently Available List!

londoner62

swanfan02 said:

chris_the_bee said:

Cambridge BS has suffered faults after their IT upgrade.
Unable to withdraw funds online or send a secure message of any length.
They do sort the withdrawal by phoning them.

I had no problems withdrawing from my account, confirmation email received promptly too

Also, no problems with Cambs. 
I was on the 1% RS and there was no mention of my ability to take out the 3% offer (after a years membership) in the options but that message/enquiry was answered promptly to my satisfaction!
I had no problem with the secure message system. Funds kept for the new account and balance transferred to the nominated account.

cosh25

Not sure if its been mentioned, but the Leeds Building Society are increasing the rate on its current and previous issues of its Regular Saver account to 2.45% from 1st November.

Just an FYI if anyone still has one or is interested. 

Bridlington1

cosh25 said:

Not sure if its been mentioned, but the Leeds Building Society are increasing the rate on its current and previous issues of its Regular Saver account to 2.45% from 1st November.

Just an FYI if anyone still has one or is interested. 

I closed my Leeds regular saver a few weeks ago. If 2.45% is the best they can do I'm glad I did.

Section62

Daliah said:

Section62 said:

You also have to set up a nominated account rather than using any saved payees you used in the past.

I have a nominated account already set up in all my Cambridge accounts already. Is there somewhere else I need to register a nominated account?

I'm not sure - due to the changes and the new system not working I wasn't able to see any information about payees within my online account.  I phoned to find out how to do a withdrawal with the new system and the CSA said that a nominated account had to be set up because the previous payee details (which he could see) weren't accessible to use anymore.

Setting up the nominated account was relatively straightforward, but they wanted to do an ID check (via Experian) using the account details.  In my case that failed, they said this had happened with other people and was probably because the nominated account was too old for Experian to know about. Using a different current account worked fine and the withdrawal arrived there within a couple of hours.

Daliah

Section62 said:

Daliah said:

Section62 said:

You also have to set up a nominated account rather than using any saved payees you used in the past.

I have a nominated account already set up in all my Cambridge accounts already. Is there somewhere else I need to register a nominated account?

I'm not sure - due to the changes and the new system not working I wasn't able to see any information about payees within my online account.  I phoned to find out how to do a withdrawal with the new system and the CSA said that a nominated account had to be set up because the previous payee details (which he could see) weren't accessible to use anymore.

Setting up the nominated account was relatively straightforward, but they wanted to do an ID check (via Experian) using the account details.  In my case that failed, they said this had happened with other people and was probably because the nominated account was too old for Experian to know about. Using a different current account worked fine and the withdrawal arrived there within a couple of hours.

Sounds all very odd. as I said, I can see a nominated account in each of my Cambridge accounts, and no option to change it. 

Section62

Daliah said:

Section62 said:

Daliah said:

Section62 said:

You also have to set up a nominated account rather than using any saved payees you used in the past.

I have a nominated account already set up in all my Cambridge accounts already. Is there somewhere else I need to register a nominated account?

I'm not sure - due to the changes and the new system not working I wasn't able to see any information about payees within my online account.  I phoned to find out how to do a withdrawal with the new system and the CSA said that a nominated account had to be set up because the previous payee details (which he could see) weren't accessible to use anymore.

Setting up the nominated account was relatively straightforward, but they wanted to do an ID check (via Experian) using the account details.  In my case that failed, they said this had happened with other people and was probably because the nominated account was too old for Experian to know about. Using a different current account worked fine and the withdrawal arrived there within a couple of hours.

Sounds all very odd. as I said, I can see a nominated account in each of my Cambridge accounts, and no option to change it. 

Perhaps if you already had a 'nominated account' rather than "saved payees" you were unaffected by the latest change?

where_are_we

dcs34 said:

where_are_we said:

Saffron new members RS12 @3%. If using secure message to close old RS11 and open new RS12 do not dilly-dally and get timed out and have to compose it all again like I did! Maximum balance is £6000 so only first deposit and 11 SO`s for £500 are allowed (no 13th payment), although if form is anything to go by, this doesn`t matter because the RS12 is likely to be superseded by a RS13 before maturity. Also alter your old standing order to the new maturity date.

I've requested the Saffron switcheroo to the small saver, now 3.5% up from 3% previously.

(And I'll wait for them to do that before opening the RS12, just to avoid them applying their T&Cs correctly and closing it...)

Saffron BS T&C`s state "Only hold one Small Saver or Regular Saver per customer (be it held in sole or joint names)". I interpret that to mean one or the other. Let us know if you manage to have both. The "Small Saver" is so named because of the small monthly maximum deposit of £50. If you have a small amount of savings then it is better@3.5% than the RS12 @3%. Due to having a large amount in cash (house purchase possible), I prefer the £500 monthly maximum deposit allowed into the RS12. Perhaps they should call it the "Large Saver"! It is in effect an easy access RS.

Nick_C

I think I've had three iterations of the Saffron RS this year.  It's just not worth opening again at 3%.  I'm also thinking of opening the Small Saver.  From 1/11, my worst RS will be Principality @ 3.25%.

Daliah

Nick_C said:

I think I've had three iterations of the Saffron RS this year.  It's just not worth opening again at 3%.  I'm also thinking of opening the Small Saver.  From 1/11, my worst RS will be Principality @ 3.25%.

Whether the 3% Saffron is worth it depends on your personal circumstances. It only took me a secure message and a minute to update my existing SO to upgrade from 2.55% to 3%*. I'd love to have the 3.25% account but then I would have £450 for which I don't get more than 2.81% atm (other 3% and 5% accounts and all Regular Savers paying more than 3% are already fully utilised).

*My 2.55% one only had £1 left in it as I had moved the remaining balance to a better than 2.55% account. I will do the same again as and when 3% becomes uncompetitive. 

GPK10

Trying to open a new Halifax Regular Saver but once I login and click savings products it says online banking is unavailable - has been all morning?