Regular Savings Accounts: The Best Currently Available List!

Wheres_My_Cashback

subjecttocontract said:

Can't you just ignore the request for ID if you already hold multiple accounts with YBS ?

Dangerous game which could lead to all accounts being shut down. Financial institutions have a duty under KYC requirements and can do this periodically and at anytime.

Bazzalona13295

nic_c said:

Bazzalona13295 said:

Just opened the 6.2% RS with Tipton & Coseley, did it on the App but they're posting me the ID reference. Till then I'm in limbo (I'm a former customer but going back maybe a decade).

Last time I had something similar the lovely postmen went on strike so that was a right pigs ear......

I did in the app as a new customer. They are posting the ID, but informed me the account number etc on the screen before that. So I can deposit, just can't use the app until the code arrives.

If yours was the same, you are not in limbo. Maybe you didn't write the details down?

I am a new customer but I did previously have a savings account with them for years as I'm from that neck of the woods.

You could be right, I definitely cannot use the app till that postal ID arrives, but what is putting me off is I've not had an e-mail confirmation yet.

Usually they are almost immediate with other banks so I'd rather wait to be completely certain.

drphila

Gatehouse Bank:  "......looking to launch regular saver later this year." - Ravi Kumar, Senior Product Manager

https://news.sky.com/story/cost-of-living-latest-sky-news-blog-12615118?postid=6458215#liveblog-body

kar999

I've got a number of accounts with YBS but just got this email after RS application... not sure why.  .


"We need to carry out some further checks."

Hi Mr ***** We wanted to let you know that your account is open, but before you can begin using it we just need to carry out a few further checks. Don't worry - this should only take a couple of days for us to complete. What happens next? Once these checks have been completed we'll write to you and let you know when your account is ready to use. You'll then be able to make deposits to your account by bank transfer. For security reasons, we'll send you your customer number by post. You will need this to be able to log in, manage your account online and make further deposits by debit card.

Growingold

No D/C option to pay in on my new YBS Loyalty saver unlike my other accounts.

Bridlington1

Growingold said:

No D/C option to pay in on my new YBS Loyalty saver unlike my other accounts.

Have you made a deposit into it yet? When logged into online banking I've found all of my YBS EA accounts have the debit card option but all of my regular savers do not. Since I've fully funded each of my regular savers this month I imagine it's because their systems recognise when you've made the maximum monthly deposit into the account so therefore remove the debit card deposit option since you can't possibly add further funds at that point. I think it should reappear on 1st October though.

chris_the_bee

ForumUser7 said:

chris_the_bee said:

ForumUser7 said:

Worth noting this current Beehive issue has £3250 max balance but the last one had £3500 max balance.

That's because this one is £250 per month max & previous was £500, i.e X 13 months

The one maturing July 2024 and the one maturing September 2024 both have £250 deposit per month as far as I can tell.
£500 x 13 would be £6500 anyway

Yes, apologies. I was thinking of the Home Starter Regular Saver 2 which had a £500 per month limit.

chris_the_bee

Wheres_My_Cashback said:

chris_the_bee said:

ForumUser7 said:

Worth noting this current Beehive issue has £3250 max balance but the last one had £3500 max balance.

That's because this one is £250 per month max & previous was £500, i.e X 13 months

The first permits 14 payments, the second 13 payments, both are £250pm.

Yes, apologies. I was thinking of the Home Starter Regular Saver 2 which had a £500 per month limit.

fonesaver

kar999 said:

I've got a number of accounts with YBS but just got this email after RS application... not sure why.  .


"We need to carry out some further checks."

Hi Mr ***** We wanted to let you know that your account is open, but before you can begin using it we just need to carry out a few further checks. Don't worry - this should only take a couple of days for us to complete. What happens next? Once these checks have been completed we'll write to you and let you know when your account is ready to use. You'll then be able to make deposits to your account by bank transfer. For security reasons, we'll send you your customer number by post. You will need this to be able to log in, manage your account online and make further deposits by debit card.

I got the same yesterday when I applied. I have had multiple accounts with YBS for over 30 years. Could this be another Newcastle BS type !!!!!!-up???

Bridlington1

Just a reminder that Chorley BS have increased some of their savings rates today, among them their Regular Saver (all issues) and the NLA Seasonal Saver (all issues) have risen from 5% to 5.15%.