Regular Savings Accounts: The Best Currently Available List!

brucefan_2

flaneurs_lobster said:

castle96 said:

Blowed if I can get ID uploaded !!!!!!!!!!!!

brucefan_2 said:

Beehive: I've just been through all of the ID steps, NI number, security questions, linked bank details etc., got to the very final step and now I'm  ...  'Pending Approval'

  

They're getting slammed, aren't they.

All good now. Made a cup of tea, came back and everything was completed..

Not immediately obvious how to find the Sort Code (tap account number) but have now transferred £10 - will see how long it takes to arrive.

A big thankyou to whoever it was up-thread who drew attention to this.

Edited to add that my transferred Deposit is now showing on the Dashboard, so maximum time between leaving nominated account and being visible was 20 minutes (could have been less)

Bridlington1

allegro120 said:

Bridlington1 said:

allegro120 said:

fonesaver said:

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.

True! They contradict themselves. My guess is - £1 is Beehive generic and £10 is specific to this account.

That's what it appears to be according to moneyfacts:

That's how it appears on Beehive website. However, the e-mail sent after opening says Make your first transfer
You need to make sure your first deposit is for at least £1.

Normally it's the specific product terms that trump the general terms so in this case £10 would hold. Moreover I can't even find anything in the general Ts&Cs that mention a £1 initial deposit, the only specific amount mentioned is in the specific terms of the regular saver, which states £10 so I'm pretty certain £10 is the correct figure in this case. Plus I would've thought Beehive would have to make the correct initial deposit known to you before you opened the account. Since the £1 email came after you applied I would say that this would be the error since the information you'd seen about the product before then stated £10.

Since I haven't applied for the account I haven't received the email in question so don't know exactly what it says but I would imagine that you'll have received a standard email that is pretty much the same regardless of the terms of the account that is opened, much like some other banks/building societies send, e.g. Principality.

allegro120

Bridlington1 said:

allegro120 said:

Bridlington1 said:

allegro120 said:

fonesaver said:

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.

True! They contradict themselves. My guess is - £1 is Beehive generic and £10 is specific to this account.

That's what it appears to be according to moneyfacts:

That's how it appears on Beehive website. However, the e-mail sent after opening says Make your first transfer
You need to make sure your first deposit is for at least £1.

Normally it's the specific product terms that trump the general terms so in this case £10 would hold. Moreover I can't even find anything in the general Ts&Cs that mention a £1 initial deposit, the only specific amount mentioned is in the specific terms of the regular saver, which states £10 so I'm pretty certain £10 is the correct figure in this case. Plus I would've thought Beehive would have to make the correct initial deposit known to you before you opened the account. Since the £1 email came after you applied I would say that this would be the error since the information you'd seen about the product before then stated £10.

Since I haven't applied for the account I haven't received the email in question so don't know exactly what it says but I would imagine that you'll have received a standard email that is pretty much the same regardless of the terms of the account that is opened, much like some other banks/building societies send, e.g. Principality.

Yes, that's what I was saying - it is contradictory.  I bet many people have sent £1 because that what it said in the e-mail and it does look specific to this particular account.

Here is the full text of the e-mail:

"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.

If this is your first account with us, you'll also need to make your first transfer from your nominated bank account.  That’s the account you linked to your new Beehive Money savings account – you can check this in the app. Any future transfers can be made from any account, it's just the first one that needs to come from your nominated account.

You’ll find your account number by clicking on your account on the Account Overview page in the app, and the sort code for all Beehive Money savings accounts is 60-95-93.  You can find lots more information by clicking here or visit the Help Centre on the website log in page. 

Get into a good savings habit by saving regularly
Regular Saver accounts are all about that – making sure you top up your account regularly! There’s a maximum monthly amount you can put in to the account, which resets every month, so it’s best to set up a regular standing order into the account to make the most of your allowance. You can find the sort code and account number for your savings account in the app.  

Remember – your money’s tied up
Don’t forget – these accounts don’t allow you to make withdrawals so you should only be putting in what you’re happy tying up until after the fixed rate period ends, which is 31 July 2024.

Those pounds and pennies will soon add up. Check in on the app anytime to see how you’re doing and look forward to the things that matter, whether it’s a home, a holiday, or just a rainy day.

Thanks for being part of Beehive Money,

The Beehive Money Team"

allegro120

brucefan_2 said:

flaneurs_lobster said:

castle96 said:

Blowed if I can get ID uploaded !!!!!!!!!!!!

brucefan_2 said:

Beehive: I've just been through all of the ID steps, NI number, security questions, linked bank details etc., got to the very final step and now I'm  ...  'Pending Approval'

  

They're getting slammed, aren't they.

All good now. Made a cup of tea, came back and everything was completed..

Not immediately obvious how to find the Sort Code (tap account number) but have now transferred £10 - will see how long it takes to arrive.

A big thankyou to whoever it was up-thread who drew attention to this.

Edited to add that my transferred Deposit is now showing on the Dashboard, so maximum time between leaving nominated account and being visible was 20 minutes (could have been less)

The next test will be 1st July. We'll see if deposits arrive at weekends. I can't remember how it was in the past, it's been long time since I had EA with Beehive, but such knowledge would be irrelevant as things change over the time.

pookey

pokemaster said:

Yes you can open a current account with Natwest and RBS and then open One Digital Regular Saver with each bank. (new customer or old customers)

Both Natwest and RBS (currently) have switching deals, if you happen to have a space current account you don't use and switch to either Natwest or RBS (and follow a few more easy steps) they will give you  £200 in to your account

JUST REMEMBER: Don't deposit more than £150 a month.... I tend to do £50 via the standing order they want and then the extra £125 by transfer..... If you deposit more each month it will go through but will be sent back and if you do it multiple times they could close your saver. (as stated in their T&Cs)

(That's where round ups come in, if you were gonna use round ups/double round ups you have to turn it on in the settings and also select which account you want them to be sent to in this case to the Digital Regular Saver.)

If you are going to say do the £1.01 deposit to a Building Society like Skipton via debit card, you would need the £1.01 in the current account (for Skipton) and the £1.98 that will be transferred through round ups when the card transaction clears (within around 2 working days) Which they do automatically.

It has been known in VERY rare conditions someone has managed to get the full £5k through round ups in just over a month... but thats not recommended

When I do the switch, can I get the money by opening a basic current account with no fees? Or would I need to do the one with the fee and set up the direct debits and fund it monthly to meet the requirements pls? 

Stargunner

pookey said:

pokemaster said:

Yes you can open a current account with Natwest and RBS and then open One Digital Regular Saver with each bank. (new customer or old customers)

Both Natwest and RBS (currently) have switching deals, if you happen to have a space current account you don't use and switch to either Natwest or RBS (and follow a few more easy steps) they will give you  £200 in to your account

JUST REMEMBER: Don't deposit more than £150 a month.... I tend to do £50 via the standing order they want and then the extra £125 by transfer..... If you deposit more each month it will go through but will be sent back and if you do it multiple times they could close your saver. (as stated in their T&Cs)

(That's where round ups come in, if you were gonna use round ups/double round ups you have to turn it on in the settings and also select which account you want them to be sent to in this case to the Digital Regular Saver.)

If you are going to say do the £1.01 deposit to a Building Society like Skipton via debit card, you would need the £1.01 in the current account (for Skipton) and the £1.98 that will be transferred through round ups when the card transaction clears (within around 2 working days) Which they do automatically.

It has been known in VERY rare conditions someone has managed to get the full £5k through round ups in just over a month... but thats not recommended

When I do the switch, can I get the money by opening a basic current account with no fees? Or would I need to do the one with the fee and set up the direct debits and fund it monthly to meet the requirements pls? 

You can get the £200 by opening the basic select account. You just need to pay in £1250 and log into mobile banking within 60 days to get the incentive. Once you have paid the £1250 in you can immediately withdraw it.

pokemaster

Just open an "Everyday/Select Current Account" with Natwest or RBS which doesn't need direct debits or monthly funding. To get the £200 it does require a one off deposit of £1,250 (once the switch has gone through) which you can withdraw to another account whenever you want and make sure logging into their app.

pookey

Stargunner said:

pookey said:

pokemaster said:

Yes you can open a current account with Natwest and RBS and then open One Digital Regular Saver with each bank. (new customer or old customers)

Both Natwest and RBS (currently) have switching deals, if you happen to have a space current account you don't use and switch to either Natwest or RBS (and follow a few more easy steps) they will give you  £200 in to your account

JUST REMEMBER: Don't deposit more than £150 a month.... I tend to do £50 via the standing order they want and then the extra £125 by transfer..... If you deposit more each month it will go through but will be sent back and if you do it multiple times they could close your saver. (as stated in their T&Cs)

(That's where round ups come in, if you were gonna use round ups/double round ups you have to turn it on in the settings and also select which account you want them to be sent to in this case to the Digital Regular Saver.)

If you are going to say do the £1.01 deposit to a Building Society like Skipton via debit card, you would need the £1.01 in the current account (for Skipton) and the £1.98 that will be transferred through round ups when the card transaction clears (within around 2 working days) Which they do automatically.

It has been known in VERY rare conditions someone has managed to get the full £5k through round ups in just over a month... but thats not recommended

When I do the switch, can I get the money by opening a basic current account with no fees? Or would I need to do the one with the fee and set up the direct debits and fund it monthly to meet the requirements pls? 

You can get the £200 by opening the basic select account. You just need to pay in £1250 and log into mobile banking within 60 days to get the incentive. Once you have paid the £1250 in you can immediately withdraw it.

Thanks

pokemaster said:

Just open an "Everyday/Select Current Account" with Natwest or RBS which doesn't need direct debits or monthly funding. To get the £200 it does require a one off deposit of £1,250 (once the switch has gone through) which you can withdraw to another account whenever you want and make sure logging into their app.

Thank you. 

So can I only switch to one of them to get the £200? 

pokemaster

Yeah switch your TSB? account to it. You'll need to tell Natwest and/or RBS you want to switch and have the TSB? bank card to put in the card details at the time of switching

pookey

pokemaster said:

Yeah switch your TSB? account to it. You'll need to tell Natwest and/or RBS you want to switch and have the TSB? bank card to put in the card details at the time of switching

Yes I've got 2 tsb accounts I don't use. I'll probably switch one to first direct and one to Natwest or RBS. Just waiting a week or 2 too see if any one does a better rate for the regular savers