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Regular Savings Accounts: The Best Currently Available List!

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  • allegro120
    allegro120 Posts: 2,002 Forumite
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    soulsaver said:
    Is Beehive Money regular saver an app only account ?
    Looks like it is.  I've had an account with Beehive years ago, tried to login using my old details, it didn't work and I couldn't find any way of opening this account online so I had to get the app.  It didn't take too long to download the app and open the account. Now funded, we'll see how long it will take for money to arrive, but I hope it will arrive today.
    I opened it online, so not app only. I'm also waiting for test payment to show.
    Can see my deposit in the app now.  It took about 15-20 minutes to arrive.
  • soulsaver
    soulsaver Posts: 6,676 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    soulsaver said:
    Is Beehive Money regular saver an app only account ?
    Looks like it is.  I've had an account with Beehive years ago, tried to login using my old details, it didn't work and I couldn't find any way of opening this account online so I had to get the app.  It didn't take too long to download the app and open the account. Now funded, we'll see how long it will take for money to arrive, but I hope it will arrive today.
    I opened it online, so not app only. I'm also waiting for test payment to show.
    Can see my deposit in the app now.  It took about 15-20 minutes to arrive.
    Thanks - mine was a £1 test - bounced back, 'below minimum opening..' but confirms no errors so £250 sent just now.
  • ForumUser7
    ForumUser7 Posts: 2,501 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    Is anyone else not receiving the email OTP they send to verify the email address during sign up please? Beehive Money that is
    If you want me to definitely see your reply, please tag me @forumuser7 Thank you.

    N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
  • soulsaver
    soulsaver Posts: 6,676 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Is anyone else not receiving the email OTP they send to verify the email address during sign up please? Beehive Money that is
    Have you checked 'Junk'?
  • ForumUser7
    ForumUser7 Posts: 2,501 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    edited 27 June 2023 at 11:58AM
    soulsaver said:
    Is anyone else not receiving the email OTP they send to verify the email address during sign up please? Beehive Money that is
    Have you checked 'Junk'?

    Yeah, nothing there from them. My BT email address has worked straight away, for some reason Beehive doesn’t appear to like iCloud.

    Edit - I’ve now been bombarded with the missing emails - seems there was a lengthy 10 minute delay
    If you want me to definitely see your reply, please tag me @forumuser7 Thank you.

    N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
  • Bridlington1
    Bridlington1 Posts: 3,943 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    edited 27 June 2023 at 11:56AM
    Given that I plan to buy my first home next year I think I'll forgo the 6% offering since I may need the funds before July.

    Even if I didn't need the funds though I think I would probably forgo the Beehive account anyway. 6% seems a good rate now but I do have some doubts over whether it will remain so especially since it is so restrictive in its withdrawals. If it allowed penalty free withdrawals/early closure I'd go for it but it is very restrictive and I currently have the tracker accounts which act as a floor that I imagine won't be much below 6% over the next year and could average more than 6% over the next year. I also imagine other regular savers will respond soon enough since they've began to become uncompetitive generally so it wouldn't surprise me if we saw see several other regular savers hitting and beating 6% within the next few months. If the account was say 8% it would be a different matter but 6% just seems slightly too low for me with these restrictions at the moment.

    Perhaps it would be worthwhile funding it for the first couple of months since it becomes more like a set of fixes at 6% as already mentioned but I doubt I would be wanting to fund it much further than that to be honest.
  • allegro120
    allegro120 Posts: 2,002 Forumite
    1,000 Posts Second Anniversary Name Dropper
    soulsaver said:
    soulsaver said:
    Is Beehive Money regular saver an app only account ?
    Looks like it is.  I've had an account with Beehive years ago, tried to login using my old details, it didn't work and I couldn't find any way of opening this account online so I had to get the app.  It didn't take too long to download the app and open the account. Now funded, we'll see how long it will take for money to arrive, but I hope it will arrive today.
    I opened it online, so not app only. I'm also waiting for test payment to show.
    Can see my deposit in the app now.  It took about 15-20 minutes to arrive.
    Thanks - mine was a £1 test - bounced back, 'below minimum opening..' but confirms no errors so £250 sent just now.
    It says somewhere on their page - £10 minimum deposit to open the account.  I usually do £1 test, but this time triple-checked the account number and deposited the whole sum in one go.  In the past £1 followed by the rest of deposit on the same day triggered blocked transactions and half hour conversations with fraud departments, I didn't want to leave it until tomorrow, just wanted to get it done and dusted. 
  • fonesaver
    fonesaver Posts: 294 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    edited 27 June 2023 at 12:16PM
    soulsaver said:
    soulsaver said:
    Is Beehive Money regular saver an app only account ?
    Looks like it is.  I've had an account with Beehive years ago, tried to login using my old details, it didn't work and I couldn't find any way of opening this account online so I had to get the app.  It didn't take too long to download the app and open the account. Now funded, we'll see how long it will take for money to arrive, but I hope it will arrive today.
    I opened it online, so not app only. I'm also waiting for test payment to show.
    Can see my deposit in the app now.  It took about 15-20 minutes to arrive.
    Thanks - mine was a £1 test - bounced back, 'below minimum opening..' but confirms no errors so £250 sent just now.
    It says somewhere on their page - £10 minimum deposit to open the account.  I usually do £1 test, but this time triple-checked the account number and deposited the whole sum in one go.  In the past £1 followed by the rest of deposit on the same day triggered blocked transactions and half hour conversations with fraud departments, I didn't want to leave it until tomorrow, just wanted to get it done and dusted. 
    I got the same but the email you get after opening the account says £1.
    Your Online Fixed Regular Saver is all ready for you. Now, there’s just one thing left to do: start saving!

    Make your first transfer
    You need to make sure your first deposit is for at least £1.

  • Catplan
    Catplan Posts: 419 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    edited 27 June 2023 at 1:06PM
    soulsaver said:
    Is Beehive Money regular saver an app only account ?
    Looks like it is.  I've had an account with Beehive years ago, tried to login using my old details, it didn't work and I couldn't find any way of opening this account online so I had to get the app.  It didn't take too long to download the app and open the account. Now funded, we'll see how long it will take for money to arrive, but I hope it will arrive today.
    I opened it online, so not app only. I'm also waiting for test payment to show.
    Is it just sort code and account number? No reference required?

    edit : answered own question it is according the faq’s
  • Wheres_My_Cashback
    Wheres_My_Cashback Posts: 4,394 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 27 June 2023 at 1:03PM
    Oddly, your nominated a/c from which the first payment must be made to Beehive cannot be a Chase a/c, but subsequent payments can be.
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