Regular Savings Accounts: The Best Currently Available List!

easysaver

cosh25 said:

Just noticed from the above when I went onto the Leeds website that they also have a ‘home deposit saver’ account 

https://www.leedsbuildingsociety.co.uk/savings/regular-saver/home-deposit-saver/

4%, £500 p/m upto £30k with one withdrawal per year. 

Thanks!

Are we permitted to hold a Regular Saver and the Home Deposit Saver (HDS)? The RS T&Cs state "...you may only hold one Leeds Building Society Regular Saver product at a time" but there's no equivalent term for the HDS but this account is listed on the "Regular Saver accounts" page.
My guess is it's ok to hold both but I don't want to ask them in case they say no!

subjecttocontract

Surely if they are both regular saver products and you can only hold one regular saver then you can't hold both accounts ?

ForumUser7

My thinking is that they mean you cannot hold two RS issues (i.e. 37 and 38) at the same time.

They are both regular savers, but the home deposit saver isn't called like home deposit regular saver.

As there is no equivalent term in the HDS summary, I think you can hold a HDS and 1 issue of the RS at the same time, but I'm not sure.

I can see both ways to be honest.

Bridlington1

subjecttocontract said:

Surely if they are both regular saver products and you can only hold one regular saver then you can't hold both accounts ?

Regardless I can't seem to be able to open the home deposit saver anyway. If I click apply it asks me to log in, once logged in I click open new savings product and it takes me to the product selection. I click apply it asks me to log in again so I appear to be stuck in a bit of a doom loop. Is anybody else finding this?

I already hold the regular saver issue 36.

ForumUser7

Does Leeds BS allow ongoing online debit card deposits into their RSs, or is it only for the first deposit into a new account please?

Bridlington1

ForumUser7 said:

Does Leeds BS allow ongoing online debit card deposits into their RSs, or is it only for the first deposit into a new account please?

I'm pretty sure it's only the first deposit that can be made by debit card. I've certainly never been able to find an option in online banking to make further debit card deposits.

gt94sss2

ForumUser7 said:

My thinking is that they mean you cannot hold two RS issues (i.e. 37 and 38) at the same time.

You can only hold one?

Oops. Hadn't realised you couldn't have both issue 37 and 38.

I guess Leeds will close one themselves?

ForumUser7

gt94sss2 said:

ForumUser7 said:

My thinking is that they mean you cannot hold two RS issues (i.e. 37 and 38) at the same time.

You can only hold one?

Oops. Hadn't realised you couldn't have both issue 37 and 38.

I guess Leeds will close one themselves?

I don't hold any Leeds products myself yet, but the relevant term is:

"The account is limited to one account per customer (including joint accounts), and you may only hold one Leeds Building Society Regular Saver product at a time. If a second Regular Saver account is opened all funds in the second account will be transferred to the current instant access account available to new customers."

It just depends if they enforce it

glider3560

Question re Halifax Regular Saver.

I'd like to get access to the money.  Am I correct in saying that renewing the account into some type of instant access results in the accrued interest being paid immediately?

Trying to work out whether to do it now or on the 6th April, as I've exceeded my tax allowance for interest this year.

Bridlington1

ForumUser7 said:

gt94sss2 said:

ForumUser7 said:

My thinking is that they mean you cannot hold two RS issues (i.e. 37 and 38) at the same time.

You can only hold one?

Oops. Hadn't realised you couldn't have both issue 37 and 38.

I guess Leeds will close one themselves?

I don't hold any Leeds products myself yet, but the relevant term is:

"The account is limited to one account per customer (including joint accounts), and you may only hold one Leeds Building Society Regular Saver product at a time. If a second Regular Saver account is opened all funds in the second account will be transferred to the current instant access account available to new customers."

It just depends if they enforce it

Though it is open to interpretation a little bit. The product that term is from is helpfully just called "Regular Saver". Unless I'm going mad (which is perfectly possible) if you go onto the "Home Deposit Saver" the relevant term is "The account is limited to one account per customer", which I would interpret to mean you can only hold one home deposit saver at any one time.

From this it seems to me that you can only hold one "Regular Saver" of any issue and one "Home Deposit Saver" of any issue, which is in line with the Coventry BS terms.

I'm going to give my local branch a ring when they open to seek clarification on this though.