The Top Regular Savers Discussion Thread

Dizzycap

allegro120 said:

s71hj said:

Dizzycap said:

s71hj said:

Dizzycap said:

Bridlington1 said:

PloughmansLunch said:

I was about to fritter away a valuable stamp but thought I'd check my box of savings bumf first, and I've found a Melton freepost envelope (addressed to Oakham) that arrived with the opening of the RS Issue 6 paperwork. Not one for posting off incognito though as it has a massive colourful logo on the front.

I had a spare application pack for Melton BS lying around so have now sent that off to apply for the Adcock RS and phoned them to get them to send me an application pack with prepaid envelope which shall replace the spare application pack I've just sent off.

I've done this with a couple of building societies in the past so that I can send postal applications off quicker without having to pay for postage or print documents off.

I couldn't find mine, so printed off and used a stamp. I will however, give Melton a call tomorrow and request an application pack and this time, I'll keep it somewhere obvious

There is a list of building society freepost addresses in the forum including this: Melton Mowbray BS
Freepost
Leicester Road
Melton Mowbray
Leicestershire
LE13 0DB
I'm pretty sure I used this successfully for their previous competitive offering

Thanks! I'll keep a note of it for any future offers;) I was just happy to get the application off in the post ASAP

Waiting for the New Principality 6 Month Saver Issue 3 @ 7.5% Fixed to become available in the next few hours

Interesting. Do you know if this will be available if you also have the issue 2 one?

Principality 6 Month Saver
I have both, issue 1 and issue 2.  this suggests that multiple issues are allowed.

Yes, mulitple issues are allowed but restricted to one holding per issue.

Dizzycap

surreysaver said:

WindfallWendy said:

saverkev said:

Co-op bank changing some terms and conditions including the following concerning Regular Saver

 

To accurately 

reflect our 

processes

The law that applies to your agreement

What are we 

changing?

How are we changing it? Why are we 

making the 

change?

Overpayments We’re making it clearer that the £250 monthly deposit limit is a key term of your 

Regular Saver product and we could close your account if you breach this key term and 

we have to return any overpayments to you.

Indeed. I wonder how much of their issue is because they set up the SO which is very confusing for those used to setting up their own savings routines. I know I had to have an "overpayment" returned which was simply the monthly payment I'd set up. 

WindfallWendy said:

saverkev said:

Co-op bank changing some terms and conditions including the following concerning Regular Saver

 

To accurately 

reflect our 

processes

The law that applies to your agreement

What are we 

changing?

How are we changing it? Why are we 

making the 

change?

Overpayments We’re making it clearer that the £250 monthly deposit limit is a key term of your 

Regular Saver product and we could close your account if you breach this key term and 

we have to return any overpayments to you.

Indeed. I wonder how much of their issue is because they set up the SO which is very confusing for those used to setting up their own savings routines. I know I had to have an "overpayment" returned which was simply the monthly payment I'd set up. 

I didn't realise the Co-Op set up standing orders themselves? I can't transfer money to the Co-Op Regular Saver from my Co-Op current account, I have to treat it as an external payee. And even then it doesn't save it, and I have to enter the account details each time. It's just easier to set it up from a different bank.

Yes, they do. It's the only way I can fund my Co-op Regular Saver monthly SO or manually. I have tried payment from another external current account but both times the payments were returned, so I stuck with what works.

allegro120

Dizzycap said:

surreysaver said:

WindfallWendy said:

saverkev said:

Co-op bank changing some terms and conditions including the following concerning Regular Saver

 

To accurately 

reflect our 

processes

The law that applies to your agreement

What are we 

changing?

How are we changing it? Why are we 

making the 

change?

Overpayments We’re making it clearer that the £250 monthly deposit limit is a key term of your 

Regular Saver product and we could close your account if you breach this key term and 

we have to return any overpayments to you.

Indeed. I wonder how much of their issue is because they set up the SO which is very confusing for those used to setting up their own savings routines. I know I had to have an "overpayment" returned which was simply the monthly payment I'd set up. 

WindfallWendy said:

saverkev said:

Co-op bank changing some terms and conditions including the following concerning Regular Saver

 

To accurately 

reflect our 

processes

The law that applies to your agreement

What are we 

changing?

How are we changing it? Why are we 

making the 

change?

Overpayments We’re making it clearer that the £250 monthly deposit limit is a key term of your 

Regular Saver product and we could close your account if you breach this key term and 

we have to return any overpayments to you.

Indeed. I wonder how much of their issue is because they set up the SO which is very confusing for those used to setting up their own savings routines. I know I had to have an "overpayment" returned which was simply the monthly payment I'd set up. 

I didn't realise the Co-Op set up standing orders themselves? I can't transfer money to the Co-Op Regular Saver from my Co-Op current account, I have to treat it as an external payee. And even then it doesn't save it, and I have to enter the account details each time. It's just easier to set it up from a different bank.

Yes, they do. It's the only way I can fund my Co-op Regular Saver monthly SO or manually. I have tried payment from another external current account but both times the payments were returned, so I stuck with what works.

I always fund Co-op RS manually on the 1st or the next working day of the month from external accounts.  Works for me. 

surreysaver

Dizzycap said:

surreysaver said:

WindfallWendy said:

saverkev said:

Co-op bank changing some terms and conditions including the following concerning Regular Saver

 

To accurately 

reflect our 

processes

The law that applies to your agreement

What are we 

changing?

How are we changing it? Why are we 

making the 

change?

Overpayments We’re making it clearer that the £250 monthly deposit limit is a key term of your 

Regular Saver product and we could close your account if you breach this key term and 

we have to return any overpayments to you.

Indeed. I wonder how much of their issue is because they set up the SO which is very confusing for those used to setting up their own savings routines. I know I had to have an "overpayment" returned which was simply the monthly payment I'd set up. 

WindfallWendy said:

saverkev said:

Co-op bank changing some terms and conditions including the following concerning Regular Saver

 

To accurately 

reflect our 

processes

The law that applies to your agreement

What are we 

changing?

How are we changing it? Why are we 

making the 

change?

Overpayments We’re making it clearer that the £250 monthly deposit limit is a key term of your 

Regular Saver product and we could close your account if you breach this key term and 

we have to return any overpayments to you.

Indeed. I wonder how much of their issue is because they set up the SO which is very confusing for those used to setting up their own savings routines. I know I had to have an "overpayment" returned which was simply the monthly payment I'd set up. 

I didn't realise the Co-Op set up standing orders themselves? I can't transfer money to the Co-Op Regular Saver from my Co-Op current account, I have to treat it as an external payee. And even then it doesn't save it, and I have to enter the account details each time. It's just easier to set it up from a different bank.

Yes, they do. It's the only way I can fund my Co-op Regular Saver monthly SO or manually. I have tried payment from another external current account but both times the payments were returned, so I stuck with what works.

How odd! Their IT systems must be dodgier than TSB's!

Stargunner

surreysaver said:

WindfallWendy said:

saverkev said:

Co-op bank changing some terms and conditions including the following concerning Regular Saver

 

To accurately 

reflect our 

processes

The law that applies to your agreement

What are we 

changing?

How are we changing it? Why are we 

making the 

change?

Overpayments We’re making it clearer that the £250 monthly deposit limit is a key term of your 

Regular Saver product and we could close your account if you breach this key term and 

we have to return any overpayments to you.

Indeed. I wonder how much of their issue is because they set up the SO which is very confusing for those used to setting up their own savings routines. I know I had to have an "overpayment" returned which was simply the monthly payment I'd set up. 

WindfallWendy said:

saverkev said:

Co-op bank changing some terms and conditions including the following concerning Regular Saver

 

To accurately 

reflect our 

processes

The law that applies to your agreement

What are we 

changing?

How are we changing it? Why are we 

making the 

change?

Overpayments We’re making it clearer that the £250 monthly deposit limit is a key term of your 

Regular Saver product and we could close your account if you breach this key term and 

we have to return any overpayments to you.

Indeed. I wonder how much of their issue is because they set up the SO which is very confusing for those used to setting up their own savings routines. I know I had to have an "overpayment" returned which was simply the monthly payment I'd set up. 

I didn't realise the Co-Op set up standing orders themselves? I can't transfer money to the Co-Op Regular Saver from my Co-Op current account, I have to treat it as an external payee. And even then it doesn't save it, and I have to enter the account details each time. It's just easier to set it up from a different bank.

The Co-op only set up a SO if you request it during the application.
i transfer the money from my Co-op CA within the app to the RS

friolento

allegro120 said:

Dizzycap said:

surreysaver said:

WindfallWendy said:

saverkev said:

Co-op bank changing some terms and conditions including the following concerning Regular Saver

 

To accurately 

reflect our 

processes

The law that applies to your agreement

What are we 

changing?

How are we changing it? Why are we 

making the 

change?

Overpayments We’re making it clearer that the £250 monthly deposit limit is a key term of your 

Regular Saver product and we could close your account if you breach this key term and 

we have to return any overpayments to you.

Indeed. I wonder how much of their issue is because they set up the SO which is very confusing for those used to setting up their own savings routines. I know I had to have an "overpayment" returned which was simply the monthly payment I'd set up. 

WindfallWendy said:

saverkev said:

Co-op bank changing some terms and conditions including the following concerning Regular Saver

 

To accurately 

reflect our 

processes

The law that applies to your agreement

What are we 

changing?

How are we changing it? Why are we 

making the 

change?

Overpayments We’re making it clearer that the £250 monthly deposit limit is a key term of your 

Regular Saver product and we could close your account if you breach this key term and 

we have to return any overpayments to you.

Indeed. I wonder how much of their issue is because they set up the SO which is very confusing for those used to setting up their own savings routines. I know I had to have an "overpayment" returned which was simply the monthly payment I'd set up. 

I didn't realise the Co-Op set up standing orders themselves? I can't transfer money to the Co-Op Regular Saver from my Co-Op current account, I have to treat it as an external payee. And even then it doesn't save it, and I have to enter the account details each time. It's just easier to set it up from a different bank.

Yes, they do. It's the only way I can fund my Co-op Regular Saver monthly SO or manually. I have tried payment from another external current account but both times the payments were returned, so I stuck with what works.

I always fund Co-op RS manually on the 1st or the next working day of the month from external accounts.  Works for me. 

Same here 

Bob2000

dealyboy said:

@surreysaver said:

WindfallWendy said:

saverkev said:

Co-op bank changing some terms and conditions including the following concerning Regular Saver

 

To accurately 

reflect our 

processes

The law that applies to your agreement

What are we 

changing?

How are we changing it? Why are we 

making the 

change?

Overpayments We’re making it clearer that the £250 monthly deposit limit is a key term of your 

Regular Saver product and we could close your account if you breach this key term and 

we have to return any overpayments to you.

Indeed. I wonder how much of their issue is because they set up the SO which is very confusing for those used to setting up their own savings routines. I know I had to have an "overpayment" returned which was simply the monthly payment I'd set up. 

... duplicate deleted

I didn't realise the Co-Op set up standing orders themselves? I can't transfer money to the Co-Op Regular Saver from my Co-Op current account, I have to treat it as an external payee. And even then it doesn't save it, and I have to enter the account details each time. It's just easier to set it up from a different bank.

Strange! ... I have always transferred from the Co-op CA in online banking.

It was my first time with Co-Op  Bank, and I have been funding  the RS  via the current account, which l opened for the RS without issue for 4 months.

mon3ysav3r

I also use the Co-Op online banking website to fund the coop regular saver every month from the coop current account.

First Direct HSBC and TSB seem to be the 3 that I have which won't allow easy transfers from their own current account without a standing order (they might allow a transfer from another bank, I haven't tried). UPDATE several people say you can transfer HSBC.

Dizzycap

surreysaver said:

Dizzycap said:

surreysaver said:

WindfallWendy said:

saverkev said:

Co-op bank changing some terms and conditions including the following concerning Regular Saver

 

To accurately 

reflect our 

processes

The law that applies to your agreement

What are we 

changing?

How are we changing it? Why are we 

making the 

change?

Overpayments We’re making it clearer that the £250 monthly deposit limit is a key term of your 

Regular Saver product and we could close your account if you breach this key term and 

we have to return any overpayments to you.

Indeed. I wonder how much of their issue is because they set up the SO which is very confusing for those used to setting up their own savings routines. I know I had to have an "overpayment" returned which was simply the monthly payment I'd set up. 

WindfallWendy said:

saverkev said:

Co-op bank changing some terms and conditions including the following concerning Regular Saver

 

To accurately 

reflect our 

processes

The law that applies to your agreement

What are we 

changing?

How are we changing it? Why are we 

making the 

change?

Overpayments We’re making it clearer that the £250 monthly deposit limit is a key term of your 

Regular Saver product and we could close your account if you breach this key term and 

we have to return any overpayments to you.

Indeed. I wonder how much of their issue is because they set up the SO which is very confusing for those used to setting up their own savings routines. I know I had to have an "overpayment" returned which was simply the monthly payment I'd set up. 

I didn't realise the Co-Op set up standing orders themselves? I can't transfer money to the Co-Op Regular Saver from my Co-Op current account, I have to treat it as an external payee. And even then it doesn't save it, and I have to enter the account details each time. It's just easier to set it up from a different bank.

Yes, they do. It's the only way I can fund my Co-op Regular Saver monthly SO or manually. I have tried payment from another external current account but both times the payments were returned, so I stuck with what works.

How odd! Their IT systems must be dodgier than TSB's!

It's certianly got a few gremlins, that's for sure! But nowhere near as many as Barclays have been having for a while and it's not just the payment issues either!

Here's the info from the Co-Op summary box for the RS:

How do I pay into this account?

You can:

• Set up a monthly standing order
• Transfer money from your Co-operative Bank accounts or other bank accounts
• Pay in cash or cheques at a branch
• Pay in cheques by post or at your local Post Office®.

But you still have to hold a Co-op current account regardless of whether your payments are made from it into your RS by SO or Manually, or you choose to fund it by another external bank account. I'll stick with what works for me:-) Money into my Co-op current account on the 1st of the month and straight out into my RS by SO the same day

PloughmansLunch

mon3ysav3r said:

I also use the Co-Op online banking website to fund the coop regular saver every month from the coop current account.

First Direct / HSBC and TSB seem to be the 3 that I have which won't allow transfers from their own current account without a standing order (they might allow a transfer from another bank, I haven't tried).

HSBC is fine to internal transfer and in several issues of the saver I've never once used a standing order to fund the RS.

TSB is a bit daft in that 'Move between my accounts' doesn't work, but if you set up the RS up as a new payee you can pay in that way.