Regular Savings Accounts: The Best Currently Available List!

silvercar

10_66 said:

This isn't the first time that MONBS has been in this situation.  If this is worse than previous occasions, I can only imagine that they'll restrict future products (as they have done in the past) to branch only.  In 2020 it took 17 days to open a regular saver with them (by post).  I don't know whether demand was as high for that one as has been for this.

I'm relieved I sent a cheque for the full monthly amount not just a small amount. It doesn't really matter if they take the whole of December and half of January to set up.

Bridlington1

silvercar said:

10_66 said:

This isn't the first time that MONBS has been in this situation.  If this is worse than previous occasions, I can only imagine that they'll restrict future products (as they have done in the past) to branch only.  In 2020 it took 17 days to open a regular saver with them (by post).  I don't know whether demand was as high for that one as has been for this.

I'm relieved I sent a cheque for the full monthly amount not just a small amount. It doesn't really matter if they take the whole of December and half of January to set up.

Though it would be nice if they'd get a move on. I've got £200 sat in my Virgin Money current account waiting for my cheque to be taken.

where_are_we

I have been informed by Chorley BS, that following customer dissatisfaction (it wasn`t just me?) with the interest rate of their new Seasonal Saver Issue3 30/11/23 @2.3% compared to their new RS 30/11/23 @3.5%, they have decided to upgrade the interest rate on the new SS3 to 3.5% to match the new RS.

This will happen on the 15th December (I think that is the date mentioned, I didn`t write it down because I was in the garden brushing the soil off my dahlia tubers prior to parking them in a box in the garage)

SS3 is only available as a maturity product. RS 30/11/23 is still a superior product because you can discontinue monthly payments if the variable interest rate becomes uncompetitive. SS3 30/11/23 is less flexible because it`s T&C`s state - "if you fail to make the minimum payment (minimum monthly deposit £25) in any calendar month your account will revert to our Easy Access Chorlean Account. No withdrawals or closure make both accounts borderline to be worth opening. You can only have one account - either the SS3 or the RS.

dcs34

Band7 said:

veggieblob said:

Re Monmouthshire RS.  I got a phone call from them this afternoon.  Dreadful line but the gist was that they have received crates of applications this morning so will not be sending acknowledgements to everyone.  We will be getting the accounts, but it will take a while.  Hopefully someone else on here will have had a clearer call and can give more details

Will not be sending acknowledgements to everyone? How else are we going to get our account numbers? Must be a misunderstanding.

As in, they're not going to tell you they've got your application, can't give any meaningful update on when it will be processed, and ringing them to ask will only further delay the processing.

So unless your application has been lost in the post or similar, you should get the account details - eventually!

If you don't hear anything in a couple of weeks then maybe its worth a call once they've dealt with the majority of applications seeing as it's NLA. 

ForumUser7

where_are_we said:

I have been informed by Chorley BS, that following customer dissatisfaction (it wasn`t just me?) with the interest rate of their new Seasonal Saver Issue3 30/11/23 @2.3% compared to their new RS 30/11/23 @3.5%, they have decided to upgrade the interest rate on the new SS3 to 3.5% to match the new RS.

This will happen on the 15th December (I think that is the date mentioned, I didn`t write it down because I was in the garden brushing the soil off my dahlia tubers prior to parking them in a box in the garage)

SS3 is only available as a maturity product. RS 30/11/23 is still a superior product because you can discontinue monthly payments if the variable interest rate becomes uncompetitive. SS3 30/11/23 is less flexible because it`s T&C`s state - "if you fail to make the minimum payment (minimum monthly deposit £25) in any calendar month your account will revert to our Easy Access Chorlean Account. No withdrawals or closure make both accounts borderline to be worth opening. You can only have one account - either the SS3 or the RS.

Hopefully Darlington Building Society takes note and increases all their RSs to 3.5% to match their top paying one too - high days and holidays, capital super saver, children’s regular savers etc.

chris_the_bee

ForumUser7 said:

where_are_we said:

I have been informed by Chorley BS, that following customer dissatisfaction (it wasn`t just me?) with the interest rate of their new Seasonal Saver Issue3 30/11/23 @2.3% compared to their new RS 30/11/23 @3.5%, they have decided to upgrade the interest rate on the new SS3 to 3.5% to match the new RS.

This will happen on the 15th December (I think that is the date mentioned, I didn`t write it down because I was in the garden brushing the soil off my dahlia tubers prior to parking them in a box in the garage)

SS3 is only available as a maturity product. RS 30/11/23 is still a superior product because you can discontinue monthly payments if the variable interest rate becomes uncompetitive. SS3 30/11/23 is less flexible because it`s T&C`s state - "if you fail to make the minimum payment (minimum monthly deposit £25) in any calendar month your account will revert to our Easy Access Chorlean Account. No withdrawals or closure make both accounts borderline to be worth opening. You can only have one account - either the SS3 or the RS.

Hopefully Darlington Building Society takes note and increases all their RSs to 3.5% to match their top paying one too - high days and holidays, capital super saver, children’s regular savers etc.

WEF 30th Nov, Darlington did increase Special Occasion, Green and Regular Savers to 3.5%.

adindas

pecunianonolet said:

londoner62 said:

A reminder for those that might have not realised but as of tomorrow (6th December) the Natwest and RBS Digital Savers pay 5% gross on up to £5,000. Still capped at £150 a month. https://www.natwest.com/savings/manage-your-savings/savings-interest-rates-changes.html 

Painfully slow process with RBS to open an account. Registered yesterday for new current account, new BT credit card and by the time I got to the reg saver the system was down so did the id verification check as with 3rd party. Today, been asked for id check again. 

Unable to see any account or any confirmation of opening. Let's see how long this will take. 

While NAtwest has indicated the change in December 6, 2022. RBS has not done so.
https://www.rbs.co.uk/savings/digital-regular-saver.html

Wheres_My_Cashback

adindas said:

pecunianonolet said:

londoner62 said:

A reminder for those that might have not realised but as of tomorrow (6th December) the Natwest and RBS Digital Savers pay 5% gross on up to £5,000. Still capped at £150 a month. https://www.natwest.com/savings/manage-your-savings/savings-interest-rates-changes.html 

Painfully slow process with RBS to open an account. Registered yesterday for new current account, new BT credit card and by the time I got to the reg saver the system was down so did the id verification check as with 3rd party. Today, been asked for id check again. 

Unable to see any account or any confirmation of opening. Let's see how long this will take. 

While NAtwest has indicated the change in December 6, 2022. RBS has not done so.
https://www.rbs.co.uk/savings/digital-regular-saver.html

https://www.rbs.co.uk/savings/manage-your-savings/savings-interest-rates-changes.html?

ForumUser7

chris_the_bee said:

ForumUser7 said:

where_are_we said:

I have been informed by Chorley BS, that following customer dissatisfaction (it wasn`t just me?) with the interest rate of their new Seasonal Saver Issue3 30/11/23 @2.3% compared to their new RS 30/11/23 @3.5%, they have decided to upgrade the interest rate on the new SS3 to 3.5% to match the new RS.

This will happen on the 15th December (I think that is the date mentioned, I didn`t write it down because I was in the garden brushing the soil off my dahlia tubers prior to parking them in a box in the garage)

SS3 is only available as a maturity product. RS 30/11/23 is still a superior product because you can discontinue monthly payments if the variable interest rate becomes uncompetitive. SS3 30/11/23 is less flexible because it`s T&C`s state - "if you fail to make the minimum payment (minimum monthly deposit £25) in any calendar month your account will revert to our Easy Access Chorlean Account. No withdrawals or closure make both accounts borderline to be worth opening. You can only have one account - either the SS3 or the RS.

Hopefully Darlington Building Society takes note and increases all their RSs to 3.5% to match their top paying one too - high days and holidays, capital super saver, children’s regular savers etc.

WEF 30th Nov, Darlington did increase Special Occasion, Green and Regular Savers to 3.5%.

@Chris_the_bee I know about that increase - I realise now I did not phrase that very well. I mean the top paying RS at Darlington BS is 3.5% (their special occasion, green, and regular saver) but they should've also increased the rate to 3.5% on their Darly Young Saver, Teen Goal Saver, High Days & Holidays Saver, and Junior High Days & Holidays Saver at the same time. They didn't, like how Chorley didn't also. But after Chorley received customer dissatisfaction (and some of us wrote to Darlington), they changed it. I suppose I'm hoping Darlington will listen to our dissatisfaction and increase the rate on all of them to match their special occasion, green, and regular savers.

happybagger

Lost patience with High Days. Closed it and put some in a fixed rate, with the rest to be fed into Bucks RS Locals and ESBS, as well as Darlo's open RS