Regular Savings Accounts: The Best Currently Available List!

ForumUser7

OneUser1 said:

I’ve just opened the Tipton App (existing member and App user) and the Regular Saver isn’t an option to open any more. Withdrawn or a temporary glitch?

Still seems to be advertised on the website - possibly a glitch? Possibly slow updating the site, idk…

Anyone managed to circumvent the Unique ID by post?

OneUser1

Looks like Tipton have deleted the apply by App option. Now only post or branch.

ForumUser7

OneUser1 said:

Looks like Tipton have deleted the apply by App option. Now only post or branch.

Yeah - website now updated to say post or branch - although you would think these methods would be more time consuming for staff having to manually key in all the details

flaneurs_lobster

AndyTh_2 said:

TiVo_Lad said:

ForumUser7 said:

Do not call Tipton for now.

They are aware of the problem with their app, and are working on processing all applications - they are apparently having to manually run everyone's electronic ID checks, and they've said they'll get in touch with customers if they are required to send ID. They are working down the list one by one and cannot do yours at the time if you call anyway, so worth waiting a few days IMO.

You have to have some sympathy for these smaller Building Societies who are still getting their heads around what it means to offer online services. Chorley, Monmouthshire, Tipton and others have all now experienced what it means to offer a good headline rate and then get overwhelmed by a tsunami of applications that their fledgling IT and (probably) outdated processes just can't deal with.

YBS is larger and it's entire login/online banking system is down (possibly down to it's headline rate 4.25% easy access)

Have you tried YBS today? No problems logging in this AM and adding 5 x £1 from my TSB debit card to a saver account.

Bridlington1

Bridlington1 said:

RG2015 said:

@Bridlington1 , great work on the list!

However I was checking this morning and TSB say this....

Setting up monthly payments

If you open a Monthly Saver account, you must pay in one standing order of between £25 to £250 each month. The first payment must be made within 30 days of account opening.

my bold text for emphasis.

Not sure what they would or could do if nothing was paid in during any month. It is somewhat moot in any case since you can withdraw at any time without penalty.

https://www.tsb.co.uk/savings/monthly-saver/

Thanks for pointing this out. There seems to be a bit of a contradiction here. 

TSB's summary box only says this:
"You must set up a monthly standing order between £25 and up to £250 from a TSB current account"
but nothing about having to keep the SO or make deposits each month. They go onto say "If you miss a standing order one month, you can’t make it up. For example you couldn’t pay double in the next month.", implying that the term you reference only applies if you decide to make regular payments each month. 

It also seems moneyfacts thinks you can skip months since it says:
Minimum Number of Payments: 0

When I had their 2% version last year I only made the first payment by SO, the rest were done by manual transfer. I accidentally sent their technical systems into meltdown at one point last year on an unrelated issue so I had to ring them to make a transfer into the regular saver and they completed this over the phone without querying the lack of SO. 

Either way it looks like I may be heading to another bank branch tomorrow to clarify. I just wish I'd known about this on Friday since HSBC and TSB are bang opposite each other in my nearest town.

I've returned from TSB. The response was as follows:

• Payments into the account can only be made by SO so manual transfers are not permitted.
• Only 1 SO can be paid in per month.
• If you make a deposit it must be valued between £25 and £250.
• You may however skip months if you wish. 

TiVo_Lad

ForumUser7 said:

OneUser1 said:

Looks like Tipton have deleted the apply by App option. Now only post or branch.

Yeah - website now updated to say post or branch - although you would think these methods would be more time consuming for staff having to manually key in all the details

I think it's more about managing the flow of new applications. Many people will be put off by a post/branch-only application process so it gives them time to catch up with all those manual Electronic ID checks they need to do. It's increasingly the case that you need to move quickly to get any of these accounts.

AndyTh_2

flaneurs_lobster said:

AndyTh_2 said:

TiVo_Lad said:

ForumUser7 said:

Do not call Tipton for now.

They are aware of the problem with their app, and are working on processing all applications - they are apparently having to manually run everyone's electronic ID checks, and they've said they'll get in touch with customers if they are required to send ID. They are working down the list one by one and cannot do yours at the time if you call anyway, so worth waiting a few days IMO.

You have to have some sympathy for these smaller Building Societies who are still getting their heads around what it means to offer online services. Chorley, Monmouthshire, Tipton and others have all now experienced what it means to offer a good headline rate and then get overwhelmed by a tsunami of applications that their fledgling IT and (probably) outdated processes just can't deal with.

YBS is larger and it's entire login/online banking system is down (possibly down to it's headline rate 4.25% easy access)

Have you tried YBS today? No problems logging in this AM and adding 5 x £1 from my TSB debit card to a saver account.

Today, yes, it's still dodgy after login now, but you probably logged in before it went down today.

Catplan

AndyTh_2 said:

TiVo_Lad said:

ForumUser7 said:

Do not call Tipton for now.

They are aware of the problem with their app, and are working on processing all applications - they are apparently having to manually run everyone's electronic ID checks, and they've said they'll get in touch with customers if they are required to send ID. They are working down the list one by one and cannot do yours at the time if you call anyway, so worth waiting a few days IMO.

You have to have some sympathy for these smaller Building Societies who are still getting their heads around what it means to offer online services. Chorley, Monmouthshire, Tipton and others have all now experienced what it means to offer a good headline rate and then get overwhelmed by a tsunami of applications that their fledgling IT and (probably) outdated processes just can't deal with.

YBS is larger and it's entire login/online banking system is down (possibly down to it's headline rate 4.25% easy access)

Sadly the website has been having various issues since the last update….

Malchester

Just tried Tipton app again and reg saver showing again. Applied for it and everything went through and is validated. Just waiting for the user ID in the post to finalise setting up. Must have sorted the glitch out. Needn't wait for manual validation. 

OneUser1

Thanks to Malchester I tried the App again. The Regular Saver was listed again. Unlike the other day, this time it appears to have accepted my application and I seem to have opened the account. If it has worked it was very simple - As it should be for an existing member.

That said the Tipton website still lists it as branch and postal applications only.