Regular Savings Accounts: The Best Currently Available List!

friolento

Bridlington1 said:

Bridlington1 said:

Tipton & Cosley Fixed Rate Regular Saver to 31 October 2024 now 6.2% (branch/post/app).

There seems to be a discrepancy in their Ts&Cs surrounding whether the interest rate is fixed or variable. I've just phoned them and they have confirmed it is fixed.

Also of note is that as with their previous regular saver if 3 payments are missed the account reverts into an EA account.

EDIT:
I forgot to add they've also confirmed you can hold this regular saver alongside the NLA Regular Saver to 31 July 2024

Thanks for the heads up. In my excitement, I applied for TWO of these accounts.....both were opened nearly instantly. I don't want to push my luck and fund both, so I will let one of them sit there unfunded and it will be automatically deleted if no deposit is made within a fortnight.

Very smooth opening process. My electronic deposit doesn't yet show but from memory, they will credit it within a couple of hours.

Bridlington1

qbadger said:

Bridlington1 said:

Bridlington1 said:

Tipton & Cosley Fixed Rate Regular Saver to 31 October 2024 now 6.2% (branch/post/app).

Also of note is that as with their previous regular saver if 3 payments are missed the account reverts into an EA account.

Do we know which interest rate they would use to calculate the interest accrued so far when the account reverts to EA (for the period before the reversion)? 

They would calculate it as 6.2% for the period before the account reverts into an EA Maturity Saver.

subjecttocontract

For non app applications........Do I send a cheque with the postal application form or wait until they open the account ?

chris_the_bee

subjecttocontract said:

For non app applications........Do I send a cheque with the postal application form or wait until they open the account ?

Summary details says "For opening deposits made by electronic payments, you must send your initial deposit within 14 days, or the account will be automatically closed." In cases like this, I normally write on the application form that electronic payment of opening deposit will be made on receipt of Account Number.

OneUser1

subjecttocontract said:

For non app applications........Do I send a cheque with the postal application form or wait until they open the account ?

Tipton answer this on the website:

“Accounts can be opened at any of our branch offices, no appointment is necessary. If you can't get to a branch you can open an account by post, send us your application form and a cheque for your opening deposit.”

chris_the_bee

OneUser1 said:

subjecttocontract said:

For non app applications........Do I send a cheque with the postal application form or wait until they open the account ?

Tipton answer this on the website:

“Accounts can be opened at any of our branch offices, no appointment is necessary. If you can't get to a branch you can open an account by post, send us your application form and a cheque for your opening deposit.”

Summary details says "For opening deposits made by electronic payments, you must send your initial deposit within 14 days, or the account will be automatically closed." In cases like this, I normally write on the application form that electronic payment of opening deposit will be made on receipt of Account Number.

where_are_we

Tipton App is the way to go with opening their new Rs@6.2%. Opened and funded in a few minutes.

Thanks to "Janusdesign" for avoiding the slightly painful postal application method.

allegro120

where_are_we said:

Tipton App is the way to go with opening their new Rs@6.2%. Opened and funded in a few minutes.

Thanks to "Janusdesign" for avoiding the slightly painful postal application method.

Yes, It took me about 1 minute to open and receive the account number on the app.

Hal17

where_are_we said:

Tipton App is the way to go with opening their new Rs@6.2%. Opened and funded in a few minutes.

Thanks to "Janusdesign" for avoiding the slightly painful postal application method.

Thank you for the info. Did you fund the new account before you received the postal ID reference?

SJMALBA

Two weeks have passed since I registered for MBS's 'My Accounts', but still no activation code by mail.

I phoned them today, and after being on hold for 5-10 mins, a nice, helpful guy answered, and having confirmed my identity, gave me a user ID and asked me to log in. It worked, and one of the two RSs was there - when I asked if I had to manually add the Exclusive RS, he said he would do it for me, and it should be there once I logged out and back in; after the call, I simply refreshed the page and the second account was there!

A nuisance to have to wait for their snail mail processes, not to mention not yet receiving the code, but the phone call was much better than hoped, and now all good!