Regular Savings Accounts: The Best Currently Available List!

ForumUser7

My DDs were internally switched to my new blue rewards compatible account by the bank - they said the DDs would all work as normal, but I’m wondering if this had something to do with it. Or maybe they’ll just be taken later today, rather than at 00:01 like normal

ForumUser7

Wheres_My_Cashback said:

I suspect MON have once again become overwhelmed and having problems.

My turnaround was extremely quick. Posted application 1st class Sat 22/04, cheque processed 25/4, passbook received 26/04.
I didn't request a/c to be added, it was done automaticallythis time.

However SO sent yesterday for both the Coronation and Xmas savers are still not showing online.

The oddest thing has happened - I've logged on today to check the maturity date, and my £299 deposit is no where to be seen, it's even gone from the transaction history! It's not returned to the CA either. Very odd, and most concerning

Band7

ForumUser7 said:

Wheres_My_Cashback said:

I suspect MON have once again become overwhelmed and having problems.

My turnaround was extremely quick. Posted application 1st class Sat 22/04, cheque processed 25/4, passbook received 26/04.
I didn't request a/c to be added, it was done automaticallythis time.

However SO sent yesterday for both the Coronation and Xmas savers are still not showing online.

The oddest thing has happened - I've logged on today to check the maturity date, and my £299 deposit is no where to be seen, it's even gone from the transaction history! It's not returned to the CA either. Very odd, and most concerning

Looks they have some system and/or procedural problems. My deposit to the XMAS saver is till not showing, and my Coronation Saver with its two deposits has still not been added to online banking. No money has been returned. I expect they will sort it before long and backdate the deposits to the correct dates/

surreysaver

Bridlington1 said:

ForumUser7 said:

Has anyone had their ecology rs dd debited from their current account for this month yet please? I have down it as due to go yesterday (catering for the BH - 2nd WD), but it didn’t go and hasn’t again today either. Thanks

I cancelled my Ecology regular saver due to a surplus of DDs. My Ecology easy access DD hasn't gone out yet though. Ecology have waited till 4th-5th of the month before debiting in the past irrespective of bank holidays so I wouldn't worry about it.

EDIT:
Has now gone through. 

Mine went out today. Don't forget the beginning of the month was a Bank Holiday, so may have delayed it by a day 

ChewyyBacca

ForumUser7 said:

Nationwide effective 1st May

Start to Save Issue 2 -> 5.25%
Flex RS -> 4.25%, but if 4 or more withdrawals 1.70%

ForumUser7 I had Nationwide account, which I switched out this year. I do not have any current account or any other product with them. Can I open this account 
1. without opening a Current account?
2. without any credit check?
3. Is there a cool off period, before which I cannot apply for Nationwide products since I just switched out of them?

Thanks

refluxer

@ChewyyBacca The Nationwide Start To Save account doesn't require you to have a Nationwide current account but whether it's worth rejoining the NW for a £50/month RS that's only going to net you £33* after two years is up to you, I guess ! Their Flex RS isn't currently available.

Edit *that's with a £25/month contribution so £50/month would obviously return more - well spotted, @ForumUser7 !

ChewyyBacca

refluxer said:

@ChewyyBacca The Nationwide Start To Save account doesn't require you to have a Nationwide current account but whether it's worth rejoining the NW for a £50/month RS that's only going to net you £33 after two years is up to you, I guess ! Their Flex RS isn't currently available.

Yes, I wonder that too. Also I wont be eligible for prize draw, if I start the account now in May.
A cursory glance at the product feature, I missed £50 per month while reading the product description.
The page on Start to Save isnt very clear. The account conditions are mentioned in terms of prize draw. It keeps saying atleast £25 but upto £50 per month for entry in some prize draw. And in terms and conditions it says & I quote '

• If you increase your balance by more than £50 in a month running up to a prize draw, you will not be entered for that prize draw.

One can deduce that you will be able to pay more than £50 pm in this regular saver.

ForumUser7

ChewyyBacca said:

ForumUser7 said:

Nationwide effective 1st May

Start to Save Issue 2 -> 5.25%
Flex RS -> 4.25%, but if 4 or more withdrawals 1.70%

ForumUser7 I had Nationwide account, which I switched out this year. I do not have any current account or any other product with them. Can I open this account 
1. without opening a Current account?
2. without any credit check?
3. Is there a cool off period, before which I cannot apply for Nationwide products since I just switched out of them?

Thanks

1) The Start to Save is available to all and not specifically existing members, however for ease of withdrawal a Nationwide Current account can be opened at a later date should you wish to do so. You would have to use their secure online form to open the StoS it by the looks of things, rather than internet banking.

2) There is a soft credit check, then if you wish to proceed, they do a hard credit check. The only account which may not incur such checks is the basic account, but I don’t know for sure if this is the case, and that particular account cannot be opened if you hold any CA with any provider in the UK

3) Not sure, I’ve requested to switch out an account from nationwide recently, but I still have current and savings accounts with them so I’ve never yet been in your position. This may be question to ask them, but you may not know for sure until you submit your application

As @refluxer said, Flex RS is NLA

allegro120

Band7 said:

ForumUser7 said:

Wheres_My_Cashback said:

I suspect MON have once again become overwhelmed and having problems.

My turnaround was extremely quick. Posted application 1st class Sat 22/04, cheque processed 25/4, passbook received 26/04.
I didn't request a/c to be added, it was done automaticallythis time.

However SO sent yesterday for both the Coronation and Xmas savers are still not showing online.

The oddest thing has happened - I've logged on today to check the maturity date, and my £299 deposit is no where to be seen, it's even gone from the transaction history! It's not returned to the CA either. Very odd, and most concerning

Looks they have some system and/or procedural problems. My deposit to the XMAS saver is till not showing, and my Coronation Saver with its two deposits has still not been added to online banking. No money has been returned. I expect they will sort it before long and backdate the deposits to the correct dates/

My both, Christmas and Coronation, 1st May deposits are showing.

ForumUser7

ChewyyBacca said:

refluxer said:

@ChewyyBacca The Nationwide Start To Save account doesn't require you to have a Nationwide current account but whether it's worth rejoining the NW for a £50/month RS that's only going to net you £33 after two years is up to you, I guess ! Their Flex RS isn't currently available.

Yes, I wonder that too. Also I wont be eligible for prize draw, if I start the account now in May.
A cursory glance at the product feature, I missed £50 per month while reading the product description.
The page on Start to Save isnt very clear. The account conditions are mentioned in terms of prize draw. It keeps saying atleast £25 but upto £50 per month for entry in some prize draw. And in terms and conditions it says & I quote '

• If you increase your balance by more than £50 in a month running up to a prize draw, you will not be entered for that prize draw.

One can deduce that you will be able to pay more than £50 pm in this regular saver.

You will be eligible for the February 2024 draw, if you fulfil the requirements - it’s the August one you’ll miss out on for sure.

@refluxer - I think that interest figure (£33) is for if £25 is deposited each month, not £50

https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php

Edit, nationwide says this:

“What would the estimated balance be after the 24-month term, based on 24 monthly deposits of £25 totalling £600?

Based on an interest rate of 5.25% AER/gross a year (variable), your estimated balance would be £633.26.”

So if @chewyybacca deposits £50PCM, interest will be greater