Regular Savings Accounts: The Best Currently Available List!

allegro120

t1redmonkey said:

The Beehive RS does indeed seem to have no early closure possible, bit unusual for an RS these days.

Unusual indeed. I think of it as a series of small 6% fixed bonds, can stop deposits at any time if 6% is no longer competitive. 6% is probably going to be good rate for some time, if not it won't be far behind the top saving rates.

allegro120

soulsaver said:

allegro120 said:

subjecttocontract 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

allegro120 said:

soulsaver said:

allegro120 said:

subjecttocontract 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

Is anyone else not receiving the email OTP they send to verify the email address during sign up please? Beehive Money that is

soulsaver

ForumUser7 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'?

ForumUser7

soulsaver said:

ForumUser7 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

Bridlington1

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

soulsaver said:

allegro120 said:

soulsaver said:

allegro120 said:

subjecttocontract 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

allegro120 said:

soulsaver said:

allegro120 said:

soulsaver said:

allegro120 said:

subjecttocontract 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

soulsaver said:

allegro120 said:

subjecttocontract 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