Regular Savings Accounts: The Best Currently Available List!

ForumUser7

t1redmonkey said:

Any idea if those in the Saffron BS Small Saver issue 7 have been bumped up to the new rate, or do they need to apply for the new one?

I've not been bumped up, so have requested a product switch to the new one. They say they take 3WD to process switches

aaj123

aaj123 said:

Every_Penny_Counts said:

ForumUser7 said:

Sorry - completely forgot to say - 

Saffron BS Member Regular Saver (Issue 12) will be 4.35%

Also the new Saffron RS is variable at last, so no more having to arrange a change of issue for each rate change in the future.

Are they enforcing the condition that only existing members can apply for this?

The very first page after clicking apply doesn't seem to list this as one of the conditions although their product description page did. 

Well, I have just tried this out and I can confirm they opened a Members Regular Saver for me despite me not having any existing relationship with them. Need to await details in the post though before I can log in or fund the account.

ForumUser7

aaj123 said:

aaj123 said:

Every_Penny_Counts said:

ForumUser7 said:

Sorry - completely forgot to say - 

Saffron BS Member Regular Saver (Issue 12) will be 4.35%

Also the new Saffron RS is variable at last, so no more having to arrange a change of issue for each rate change in the future.

Are they enforcing the condition that only existing members can apply for this?

The very first page after clicking apply doesn't seem to list this as one of the conditions although their product description page did. 

Well, I have just tried this out and I can confirm they opened a Members Regular Saver for me despite me not having any existing relationship with them.

Is it showing on the online platform for you yet? IIRC, you can apply, then a human reviews and processes.

Just seen your edit - have you received a confirmation email that it has been opened?

aaj123

ForumUser7 said:

aaj123 said:

aaj123 said:

Every_Penny_Counts said:

ForumUser7 said:

Sorry - completely forgot to say - 

Saffron BS Member Regular Saver (Issue 12) will be 4.35%

Also the new Saffron RS is variable at last, so no more having to arrange a change of issue for each rate change in the future.

Are they enforcing the condition that only existing members can apply for this?

The very first page after clicking apply doesn't seem to list this as one of the conditions although their product description page did. 

Well, I have just tried this out and I can confirm they opened a Members Regular Saver for me despite me not having any existing relationship with them.

Is it showing on the online platform for you yet? IIRC, you can apply, then a human reviews and processes

Can't login as details will be sent in post but I have an email that commences saying 'Great news! Your Members Regular Saver is open'. And the subject line mentions account number. 

Btw the application had one rather strange question about what the intended initial deposit amount is and mentioned that this must be between 50 to 6500. Obviously at odds with the product being applied for so I just said £500.

littlemoney

aaj123 said:

ForumUser7 said:

aaj123 said:

aaj123 said:

Every_Penny_Counts said:

ForumUser7 said:

Sorry - completely forgot to say - 

Saffron BS Member Regular Saver (Issue 12) will be 4.35%

Also the new Saffron RS is variable at last, so no more having to arrange a change of issue for each rate change in the future.

Are they enforcing the condition that only existing members can apply for this?

The very first page after clicking apply doesn't seem to list this as one of the conditions although their product description page did. 

Well, I have just tried this out and I can confirm they opened a Members Regular Saver for me despite me not having any existing relationship with them.

Is it showing on the online platform for you yet? IIRC, you can apply, then a human reviews and processes

Can't login as details will be sent in post but I have an email that commences saying 'Great news! Your Members Regular Saver is open'. And the subject line mentions account number. 

Btw the application had one rather strange question about what the intended initial deposit amount is and mentioned that this must be between 50 to 6500. Obviously at odds with the product being applied for so I just said £500.

Sorry to inform you but Saffron BS are enforcing the existing member rule for the Member Regular Saver but not the Small Saver.

I phoned Saffron BS this morning to move my existing regular saver to the higher rate and mentioned that it appeared to be open to all when applying online. Opening an account online deos not appear to have the validation built in to enforce existing members only but this will be picked up later in the account opening processing stage.

aaj123

littlemoney said:

aaj123 said:

ForumUser7 said:

aaj123 said:

aaj123 said:

Every_Penny_Counts said:

ForumUser7 said:

Sorry - completely forgot to say - 

Saffron BS Member Regular Saver (Issue 12) will be 4.35%

Also the new Saffron RS is variable at last, so no more having to arrange a change of issue for each rate change in the future.

Are they enforcing the condition that only existing members can apply for this?

The very first page after clicking apply doesn't seem to list this as one of the conditions although their product description page did. 

Well, I have just tried this out and I can confirm they opened a Members Regular Saver for me despite me not having any existing relationship with them.

Is it showing on the online platform for you yet? IIRC, you can apply, then a human reviews and processes

Can't login as details will be sent in post but I have an email that commences saying 'Great news! Your Members Regular Saver is open'. And the subject line mentions account number. 

Btw the application had one rather strange question about what the intended initial deposit amount is and mentioned that this must be between 50 to 6500. Obviously at odds with the product being applied for so I just said £500.

Sorry to inform you but Saffron BS are enforcing the existing member rule for the Member Regular Saver but not the Small Saver.

I phoned Saffron BS this morning to move my existing regular saver to the higher rate and mentioned that it appeared to be open to all when applying online. Opening an account online deos not appear to have the validation built in to enforce existing members only but this will be picked up later in the account opening processing stage.

I doubt they can back away after having sent me a clear email with account number and the product name and after I have now even funded the account. Sure, they might tinker with their validations and prevent this happening for future applications.

ForumUser7

aaj123 said:

littlemoney said:

aaj123 said:

ForumUser7 said:

aaj123 said:

aaj123 said:

Every_Penny_Counts said:

ForumUser7 said:

Sorry - completely forgot to say - 

Saffron BS Member Regular Saver (Issue 12) will be 4.35%

Also the new Saffron RS is variable at last, so no more having to arrange a change of issue for each rate change in the future.

Are they enforcing the condition that only existing members can apply for this?

The very first page after clicking apply doesn't seem to list this as one of the conditions although their product description page did. 

Well, I have just tried this out and I can confirm they opened a Members Regular Saver for me despite me not having any existing relationship with them.

Is it showing on the online platform for you yet? IIRC, you can apply, then a human reviews and processes

Can't login as details will be sent in post but I have an email that commences saying 'Great news! Your Members Regular Saver is open'. And the subject line mentions account number. 

Btw the application had one rather strange question about what the intended initial deposit amount is and mentioned that this must be between 50 to 6500. Obviously at odds with the product being applied for so I just said £500.

Sorry to inform you but Saffron BS are enforcing the existing member rule for the Member Regular Saver but not the Small Saver.

I phoned Saffron BS this morning to move my existing regular saver to the higher rate and mentioned that it appeared to be open to all when applying online. Opening an account online deos not appear to have the validation built in to enforce existing members only but this will be picked up later in the account opening processing stage.

I doubt they can back away after having sent me a clear email with account number and the product name and after I have now even funded the account. Sure, they might tinker with their validations and prevent this happening for future applications.

IIRC they can, and have done before for some people who opened a members RS and small saver at the same time. I.e. You have violated their terms and conditions by opening the account, and agreeing to the product literature which state it is for members who have had an existing relationship with Saffron Building Society for the past 12 months, even though you've had no such relationship. This means they can terminate the account at any time they so chose.

Worth a try, but if they pick up on it which they likely will, it'll be closed. Hopefully they give you the option to change into the account type you're eligible for

aaj123

ForumUser7 said:

aaj123 said:

littlemoney said:

aaj123 said:

ForumUser7 said:

aaj123 said:

aaj123 said:

Every_Penny_Counts said:

ForumUser7 said:

Sorry - completely forgot to say - 

Saffron BS Member Regular Saver (Issue 12) will be 4.35%

Also the new Saffron RS is variable at last, so no more having to arrange a change of issue for each rate change in the future.

Are they enforcing the condition that only existing members can apply for this?

The very first page after clicking apply doesn't seem to list this as one of the conditions although their product description page did. 

Well, I have just tried this out and I can confirm they opened a Members Regular Saver for me despite me not having any existing relationship with them.

Is it showing on the online platform for you yet? IIRC, you can apply, then a human reviews and processes

Can't login as details will be sent in post but I have an email that commences saying 'Great news! Your Members Regular Saver is open'. And the subject line mentions account number. 

Btw the application had one rather strange question about what the intended initial deposit amount is and mentioned that this must be between 50 to 6500. Obviously at odds with the product being applied for so I just said £500.

Sorry to inform you but Saffron BS are enforcing the existing member rule for the Member Regular Saver but not the Small Saver.

I phoned Saffron BS this morning to move my existing regular saver to the higher rate and mentioned that it appeared to be open to all when applying online. Opening an account online deos not appear to have the validation built in to enforce existing members only but this will be picked up later in the account opening processing stage.

I doubt they can back away after having sent me a clear email with account number and the product name and after I have now even funded the account. Sure, they might tinker with their validations and prevent this happening for future applications.

IIRC they can, and have done before for some people who opened a members RS and small saver at the same time. I.e. You have violated their terms and conditions by opening the account, and agreeing to the product literature which state it is for members who have had an existing relationship with Saffron Building Society for the past 12 months, even though you've had no such relationship. This means they can terminate the account at any time they so chose.

Worth a try, but if they pick up on it which they likely will, it'll be closed. Hopefully they give you the option to change into the account type you're eligible for

Let me see them trying this out. Their online application form had an explicit question on whether you have an existing relationship with Saffron BS and I answered No. Despite that if they approve my application and open an account for me, they are gonna have a tough time backing off. I look forward to such a situation and see how they respond if I say that I will complain to the FCA. I feel like it simply isn't worth the trouble for them to be pushy here.

ForumUser7

aaj123 said:

ForumUser7 said:

aaj123 said:

littlemoney said:

aaj123 said:

ForumUser7 said:

aaj123 said:

aaj123 said:

Every_Penny_Counts said:

ForumUser7 said:

Sorry - completely forgot to say - 

Saffron BS Member Regular Saver (Issue 12) will be 4.35%

Also the new Saffron RS is variable at last, so no more having to arrange a change of issue for each rate change in the future.

Are they enforcing the condition that only existing members can apply for this?

The very first page after clicking apply doesn't seem to list this as one of the conditions although their product description page did. 

Well, I have just tried this out and I can confirm they opened a Members Regular Saver for me despite me not having any existing relationship with them.

Is it showing on the online platform for you yet? IIRC, you can apply, then a human reviews and processes

Can't login as details will be sent in post but I have an email that commences saying 'Great news! Your Members Regular Saver is open'. And the subject line mentions account number. 

Btw the application had one rather strange question about what the intended initial deposit amount is and mentioned that this must be between 50 to 6500. Obviously at odds with the product being applied for so I just said £500.

Sorry to inform you but Saffron BS are enforcing the existing member rule for the Member Regular Saver but not the Small Saver.

I phoned Saffron BS this morning to move my existing regular saver to the higher rate and mentioned that it appeared to be open to all when applying online. Opening an account online deos not appear to have the validation built in to enforce existing members only but this will be picked up later in the account opening processing stage.

I doubt they can back away after having sent me a clear email with account number and the product name and after I have now even funded the account. Sure, they might tinker with their validations and prevent this happening for future applications.

IIRC they can, and have done before for some people who opened a members RS and small saver at the same time. I.e. You have violated their terms and conditions by opening the account, and agreeing to the product literature which state it is for members who have had an existing relationship with Saffron Building Society for the past 12 months, even though you've had no such relationship. This means they can terminate the account at any time they so chose.

Worth a try, but if they pick up on it which they likely will, it'll be closed. Hopefully they give you the option to change into the account type you're eligible for

Let me see them trying this out. Their online application form had an explicit question on whether you have an existing relationship with Saffron BS and I answered No. Despite that if they approve my application and open an account for me, they are gonna have a tough time backing off. I look forward to such a situation and see how they respond if I say that I will complain to the FCA. I feel like it simply isn't worth the trouble for them to be pushy here.

Let us know how it goes - I'm genuinely interested as I can understand the arguments they'll make, as well as the one you are making. I personally won't apply till I'm eligible, but each to their own

aaj123

ForumUser7 said:

aaj123 said:

ForumUser7 said:

aaj123 said:

littlemoney said:

aaj123 said:

ForumUser7 said:

aaj123 said:

aaj123 said:

Every_Penny_Counts said:

ForumUser7 said:

Sorry - completely forgot to say - 

Saffron BS Member Regular Saver (Issue 12) will be 4.35%

Also the new Saffron RS is variable at last, so no more having to arrange a change of issue for each rate change in the future.

Are they enforcing the condition that only existing members can apply for this?

The very first page after clicking apply doesn't seem to list this as one of the conditions although their product description page did. 

Well, I have just tried this out and I can confirm they opened a Members Regular Saver for me despite me not having any existing relationship with them.

Is it showing on the online platform for you yet? IIRC, you can apply, then a human reviews and processes

Can't login as details will be sent in post but I have an email that commences saying 'Great news! Your Members Regular Saver is open'. And the subject line mentions account number. 

Btw the application had one rather strange question about what the intended initial deposit amount is and mentioned that this must be between 50 to 6500. Obviously at odds with the product being applied for so I just said £500.

Sorry to inform you but Saffron BS are enforcing the existing member rule for the Member Regular Saver but not the Small Saver.

I phoned Saffron BS this morning to move my existing regular saver to the higher rate and mentioned that it appeared to be open to all when applying online. Opening an account online deos not appear to have the validation built in to enforce existing members only but this will be picked up later in the account opening processing stage.

I doubt they can back away after having sent me a clear email with account number and the product name and after I have now even funded the account. Sure, they might tinker with their validations and prevent this happening for future applications.

IIRC they can, and have done before for some people who opened a members RS and small saver at the same time. I.e. You have violated their terms and conditions by opening the account, and agreeing to the product literature which state it is for members who have had an existing relationship with Saffron Building Society for the past 12 months, even though you've had no such relationship. This means they can terminate the account at any time they so chose.

Worth a try, but if they pick up on it which they likely will, it'll be closed. Hopefully they give you the option to change into the account type you're eligible for

Let me see them trying this out. Their online application form had an explicit question on whether you have an existing relationship with Saffron BS and I answered No. Despite that if they approve my application and open an account for me, they are gonna have a tough time backing off. I look forward to such a situation and see how they respond if I say that I will complain to the FCA. I feel like it simply isn't worth the trouble for them to be pushy here.

Let us know how it goes - I'm genuinely interested as I can understand the arguments they'll make, as well as the one you are making. I personally won't apply till I'm eligible, but each to their own

I mean if you are interested in the account, there isn't really downside for you, is there? At worst, they ask you to take your money back.