The Top Regular Savers Discussion Thread

exel1966

flaneurs_lobster said:

Dizzycap said:

Principality eMail:

Reduction of Principality Variable RS Rates:

Thanks.

When?

They were reported 2-3 weeks ago - 13/03

Dizzycap

flaneurs_lobster said:

Dizzycap said:

Principality eMail:

Reduction of Principality Variable RS Rates:

Thanks.

When?

March 3rd.

Hattie627

My Co-op Bank RS has matured today and morphed into low-paying account. £129.07 interest paid.

Bridlington1

Hattie627 said:

My Co-op Bank RS has matured today and morphed into low-paying account. £129.07 interest paid.

The Co-operative Bank Regular Saver at 7% remains available so you are free to open a new version of the account now that it has matured.

One thing of note though is that the 12 month term will start from the date they accept your first deposit rather than the date you open the account and you have 30 days to make your initial deposit.

This may be of interest to those who wish to open the account again and push the interest into the 2026-27 tax year given that there are now 38 days to go till the start of the next tax year.

Section62

Bridlington1 said:

Hattie627 said:

My Co-op Bank RS has matured today and morphed into low-paying account. £129.07 interest paid.

The Co-operative Bank Regular Saver at 7% remains available so you are free to open a new version of the account now that it has matured.

...

....just allow plenty of time to fill in the application form giving them information they've already got, even when you started the application process whilst logged into online banking.  (unless I've just been very unlucky).

flaneurs_lobster

Section62 said:

Bridlington1 said:

Hattie627 said:

My Co-op Bank RS has matured today and morphed into low-paying account. £129.07 interest paid.

The Co-operative Bank Regular Saver at 7% remains available so you are free to open a new version of the account now that it has matured.

...

....just allow plenty of time to fill in the application form giving them information they've already got, even when you started the application process whilst logged into online banking.  (unless I've just been very unlucky).

....you're not, just done the same. Irritating isn't it. And the first thing they need you to fill in is the account no/sort code of your current account which you can only obtain by coming out of the application and back to account details (at least in the app). 

I'm not too hopeful of getting the new RS open and funded by the month-end.

Bridlington1

Section62 said:

Bridlington1 said:

Hattie627 said:

My Co-op Bank RS has matured today and morphed into low-paying account. £129.07 interest paid.

The Co-operative Bank Regular Saver at 7% remains available so you are free to open a new version of the account now that it has matured.

...

....just allow plenty of time to fill in the application form giving them information they've already got, even when you started the application process whilst logged into online banking.  (unless I've just been very unlucky).

In my case their delays aren't a bad thing, ideally I'd like the account opened after 6th April for tax purposes, if they could take till late April and give me money as an apology for the delays that'd be perfect. 

10_66

flaneurs_lobster said:

Section62 said:

Bridlington1 said:

Hattie627 said:

My Co-op Bank RS has matured today and morphed into low-paying account. £129.07 interest paid.

The Co-operative Bank Regular Saver at 7% remains available so you are free to open a new version of the account now that it has matured.

...

....just allow plenty of time to fill in the application form giving them information they've already got, even when you started the application process whilst logged into online banking.  (unless I've just been very unlucky).

....you're not, just done the same. Irritating isn't it. And the first thing they need you to fill in is the account no/sort code of your current account which you can only obtain by coming out of the application and back to account details (at least in the app). 

I'm not too hopeful of getting the new RS open and funded by the month-end.

When I received their email, very early this morning, confirming application has been approved, I was hopeful that the account would be visible when logged on.  Not so.  I rang to see if they had the account details when I couldn't view them, but they said the account hadn't been opened, just accepted.  Advised it could be 5 working days before opened.

Section62

Bridlington1 said:

Section62 said:

Bridlington1 said:

Hattie627 said:

My Co-op Bank RS has matured today and morphed into low-paying account. £129.07 interest paid.

The Co-operative Bank Regular Saver at 7% remains available so you are free to open a new version of the account now that it has matured.

...

....just allow plenty of time to fill in the application form giving them information they've already got, even when you started the application process whilst logged into online banking.  (unless I've just been very unlucky).

In my case their delays aren't a bad thing, ideally I'd like the account opened after 6th April for tax purposes, if they could take till late April and give me money as an apology for the delays that'd be perfect. 

^I like your wishful thinking.

(Still Co-op)

For me the delay is secondary to the information needed in the application form - even the need to set up a 'new' memorable word (of between 8 and 10 characters) when they already have one.

It isn't the end of the world having to provide the information, but some of it risks a discrepancy with what they have already and the possibility of having to explain the difference (in branch?). E.g. The employment status list is very restricted and none of the categories fit my situation.  I'm not sure what they have on file, but I'm fairly sure it isn't one of the currently available options.  Will have to wait and see what happens.

HHUK

The Co-operative Bank Regular Saver

I noticed just after midnight that mine had as expected morphed into the Smart Saver. I requested a transfer of the majority to my main current account and £250 to my Co-op Online Saver Account, leaving £1 in the Smart Saver just in case. Applied for a new Regular Saver and went to bed. 

Woke up to discover an email confirming the application for the new Regular Saver had been accepted, as well as a text from the Co-op wanting me to confirm it was I who had requested the transfer of funds to my current account. After I responded to that the money was transferred immediately.

Like others, I was rather hoping to receive details of the new Regular Saver in time to enable me to fund it before the end of the month (by transfer of the £250 from the from the Online Saver) but from the above comments it sounds like that's unlikely. Oh well.