Regular Savings Accounts: The Best Currently Available List!

Southcoast01

Southcoast01 said:

Rawrzy said:

where_are_we said:

Manged to open YBS Loyalty ReS @7%. Got account number ok. However it`s a pain that they insist on posting 3 ID documents (one name and two address) despite the fact that I have 8 different accounts with them! I cannot make a deposit until these are ratified.

Crazy they still do that even when you already have accounts. I had that happen when trying to open an account as a new customer. I'd both heard and read on their website they used that hooyu system but apparently not because it didn't even try to use it for me, just instantly said it couldn't electronically verify and wanted proof either via post or via a branch. Only upside was they don't seem to require certified copies.

I also have 3 ybs accounts but have been asked to provide id, although the regular saver is showing as open on the app. Have sent a £1 to see what happens.

My £1 is showing in my account this morning. Will drop into a local branch with my ID later today. 

WillPS

Went to the Blackpool branch yesterday, who gave me an application pack. If I get to Oct 5th (1yr anniversary of oldest account) and the account has disappeared, I will fill out the paper form in hope.

KTF

I cant see this in the list on the front page (apologies if it is) but YBS have a new members saver.

7%/£500 for 12 months: https://www.ybs.co.uk/savings/product?id=YB901755W

HHUK

KTF said:

I cant see this in the list on the front page (apologies if it is) but YBS have a new members saver.

7%/£500 for 12 months: https://www.ybs.co.uk/savings/product?id=YB901755W

This account has been discussed in a few recent posts here. The eligibility requirement is to have held an existing YBS account for at least a year. Some appear to have managed to circumvent it, but try as I might all I get is a message saying:

You haven’t had another account with us for long enough to open this loyalty account. You can still apply for other savings accounts.

I will try again at the end of this month, at which point I shall officially become 'loyal', should the account still be available.

janusdesign

Growingold said:

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

it's there as an option for me - the button now works.

so I got a reply to the secure message I sent to YBS yesterday...

Hello,

Thank you for your message. I can see you have managed to open the account.

Kind Regards

James

General Services

i've sent a test £1 by bank transfer this morning - when it shows up, i'll deposit the rest.

update: £1 appeared within the hour - now fully funded.

Section62

Bridlington1 said:

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.

I think you are probably correct.

But as an aside, since YBS don't clear and pay interest on debit card deposits for two to three working days it isn't good MSE practice to make debit card deposits directly into the regular saver accounts anyway.

Making the debit card deposits into the highest interest EA account a few days before the end of one month allows the deposit to be transferred internally to the RS account on the first of the following month and start earning the RS rate those few days earlier.

Nick_C

Unable to open the YBS LRS on line yesterday.  Just finished a 10 minute telephone appointment.  Now opened and funded.  (Annoying they have to send me a passbook which will never be used.)

(Been a member for many years but none of my open accounts are more than a year old.)

friolento

janusdesign said:

Growingold said:

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

it's there as an option for me - the button now works.

 

It doesn't show once you have deposited the max for the month, and the earliest it can show is 1 day after you opened the account.

mebu60

Nick_C said:

Unable to open the YBS LRS on line yesterday.  Just finished a 10 minute telephone appointment.  Now opened and funded.  (Annoying they have to send me a passbook which will never be used.)

(Been a member for many years but none of my open accounts are more than a year old.)

I keep an old YBS internet saver loyally lurking around with £1 in it. Has more than paid its way.

Bazzalona13295

Section62 said:

Bridlington1 said:

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.

I think you are probably correct.

But as an aside, since YBS don't clear and pay interest on debit card deposits for two to three working days it isn't good MSE practice to make debit card deposits directly into the regular saver accounts anyway.

Making the debit card deposits into the highest interest EA account a few days before the end of one month allows the deposit to be transferred internally to the RS account on the first of the following month and start earning the RS rate those few days earlier.

So are you of the opinion that bank transfers are better in terms of how quickly I might get interest?