Regular Savings Accounts: The Best Currently Available List!

adindas

I just cheeked it. My TSB monthly saver is still paying 2% with minimum balance, not paying 3%.

Does anyone know the way around to get 3% interest. Could it be done like LBG group, e.g upgrade to other instant saving and reopen a new one ?  Will it work with TSB ??

where_are_we

EssexHebridean said:

trickydicky14 said:

where_are_we said:

Furness RS5 application by post is time consuming. But for 4% and access without loss of interest just about worth it for myself and OH - double the benefit for a little duplication. They told me a certified copy for ID was required. Over cautious in my opinion because we have been with them for a number of years, registered for online, and have everyday saver accounts. We do not pay for certifying, ever, as a matter of principle. However a government benefit letter (winter fuel allowance for us) less than 3 months old backed up by a bank statement is also Ok. 

I'm waiting for my winter fuel letter to arrive, so you can confirm it will be Ok as I.D? Like you, no way am I paying for certified copies.

If the documents required are to meet money laundering regs then a council tax bill is valid for 12 months use rather than just 3 months as most other bills would be. Might help someone as it doesn’t seem to be widely known.

Yes, Council tax bill is valid for 12 months. This is good to know. Generally speaking and in Furness Building Society`s case a council tax bill is in the address verification list. It`s the Identity Verification list that is problematical because it requires original valuable documents (risk losing passport or driving license) or a certified copy (costly, unless you know someone in the right profession). The way round this is a government benefit letter less than 3 months old backed up by an address verification letter which could be a council tax bill less than 12 months old or a bank statement, credit card statement or utility bill (all less than 3 months old). This would satisfy F B Society.

Band7

adindas said:

I just cheeked it. My TSB monthly saver is still paying 2% with minimum balance, not paying 3%.

Does anyone know the way around to get 3% interest. Could it be done like LBG group, e.g upgrade to other instant saving and reopen a new one ?  Will it work with TSB ??

Mine shows 3% and I think it always did. Opened in October.

I believe the only way to bypass the 12-month restriction at TSB is to open a new TSB account and hope they won't merge it with your existing profile, which in my experience they mostly, but not reliably, don't do.

If you haven't maxed your HSBC Online Bonus Saver and/or the 5% savers, it might be easier to just put your money in there. If you have the money for the entire 12 months readily available and don't need instant access, there are also many other 3%+ options, such as Notice Accounts. 

dingling68

Band7 said:

wiseonesomeofthetime said:

ForumUser7 said:

Nationwide BS Start to Save Issue 2 5% (wef 01/12) https://www.nationwide.co.uk/savings/start-to-save/

Nationwide BS Flex Regular Saver 4% (wef 01/12) NLA to new applications

Their Start to Save Issue 2 is going to 5% - along with the prize draw, this makes it one of the best regular savers to hold in my opinion. Worth mentioning though, if you withdraw funds it may invalidate your entry into the draw, dependent on how much you withdraw.

Good news, though my Flex RS matures next week anyway 🤷‍♂️

So does mine. Dare we hope they'll offer us another RS? Or do they hope we will put the matured balance into their 1 year online bond at 4% (no chance!)?

oops sorry messed up the quotes there.

My regular saver matures on 23/11 and according to Nationwide on twitter they are not offering a replacement. I said that was a shame and I would look for one elsewhere and they will "feed back my comments"

It's a shame we can't apply as existing applicants

alibean121

adindas said:

I just cheeked it. My TSB monthly saver is still paying 2% with minimum balance, not paying 3%.

Does anyone know the way around to get 3% interest. Could it be done like LBG group, e.g upgrade to other instant saving and reopen a new one ?  Will it work with TSB ??

No, that's not going to work I'm afraid. Their system definitely checks when you last opened an account not just whether you currently have one. I would probably suggest just closing it anyways though...

Band7

alibean121 said:

adindas said:

I just cheeked it. My TSB monthly saver is still paying 2% with minimum balance, not paying 3%.

Does anyone know the way around to get 3% interest. Could it be done like LBG group, e.g upgrade to other instant saving and reopen a new one ?  Will it work with TSB ??

No, that's not going to work I'm afraid. Their system definitely checks when you last opened an account not just whether you currently have one. I would probably suggest just closing it anyways though...

Only if they have your accounts on the same profile. Which sometimes they do and sometimes they don't. It's a messy hit and miss.

chris_the_bee

where_are_we said:

EssexHebridean said:

trickydicky14 said:

where_are_we said:

Furness RS5 application by post is time consuming. But for 4% and access without loss of interest just about worth it for myself and OH - double the benefit for a little duplication. They told me a certified copy for ID was required. Over cautious in my opinion because we have been with them for a number of years, registered for online, and have everyday saver accounts. We do not pay for certifying, ever, as a matter of principle. However a government benefit letter (winter fuel allowance for us) less than 3 months old backed up by a bank statement is also Ok. 

I'm waiting for my winter fuel letter to arrive, so you can confirm it will be Ok as I.D? Like you, no way am I paying for certified copies.

If the documents required are to meet money laundering regs then a council tax bill is valid for 12 months use rather than just 3 months as most other bills would be. Might help someone as it doesn’t seem to be widely known.

Yes, Council tax bill is valid for 12 months. This is good to know. Generally speaking and in Furness Building Society`s case a council tax bill is in the address verification list. It`s the Identity Verification list that is problematical because it requires original valuable documents (risk losing passport or driving license) or a certified copy (costly, unless you know someone in the right profession). The way round this is a government benefit letter less than 3 months old backed up by an address verification letter which could be a council tax bill less than 12 months old or a bank statement, credit card statement or utility bill (all less than 3 months old). This would satisfy F B Society.

I just opened a Furness account successfully using a Pension entitlement letter. Easy to request get a proof of benefit letter online from DWP. Takes about 5 days to arrive. Can also request another if one is not returned to you. Furness returned my original letter and council tax bill with the passbook.

Bridlington1

adindas said:

I just cheeked it. My TSB monthly saver is still paying 2% with minimum balance, not paying 3%.

Does anyone know the way around to get 3% interest. Could it be done like LBG group, e.g upgrade to other instant saving and reopen a new one ?  Will it work with TSB ??

TSB monthly savers are fixed so the interest rate will show as 2% until the regular saver matures. Unfortunately TSB will not let you renew your monthly saver into another easy access account so there is no workaround (I tried this when they first launched the 3% monthly saver). 2% is well below the top easy access accounts nowadays so if I were you I'd just close the monthly saver now and plonk the contents into a higher paying easy access account whilst you find a new regular saver(s) at a higher rate.

adindas

Bridlington1 said:

adindas said:

I just cheeked it. My TSB monthly saver is still paying 2% with minimum balance, not paying 3%.

Does anyone know the way around to get 3% interest. Could it be done like LBG group, e.g upgrade to other instant saving and reopen a new one ?  Will it work with TSB ??

TSB monthly savers are fixed so the interest rate will show as 2% until the regular saver matures. Unfortunately TSB will not let you renew your monthly saver into another easy access account so there is no workaround (I tried this when they first launched the 3% monthly saver). 2% is well below the top easy access accounts nowadays so if I were you I'd just close the monthly saver now and plonk the contents into a higher paying easy access account whilst you find a new regular saver(s) at a higher rate.

I just have £25 most of the time, so no urgency to close it. Also I just afraid they might not allow people to apply within 12 months starting from the time of cancelling them.

chris_the_bee

adindas said:

Bridlington1 said:

adindas said:

I just cheeked it. My TSB monthly saver is still paying 2% with minimum balance, not paying 3%.

Does anyone know the way around to get 3% interest. Could it be done like LBG group, e.g upgrade to other instant saving and reopen a new one ?  Will it work with TSB ??

TSB monthly savers are fixed so the interest rate will show as 2% until the regular saver matures. Unfortunately TSB will not let you renew your monthly saver into another easy access account so there is no workaround (I tried this when they first launched the 3% monthly saver). 2% is well below the top easy access accounts nowadays so if I were you I'd just close the monthly saver now and plonk the contents into a higher paying easy access account whilst you find a new regular saver(s) at a higher rate.

I just have £25 most of the time, so no urgency to close it. Also I just afraid they might not allow people to apply within 12 months starting from the time of cancelling them.

No, it is 12 months starting from the date you opened the original one. i.e it's anniversary.