The Top Regular Savers Discussion Thread

flaneurs_lobster

By no means certain but I don't think you need to keep the current account. 

Could maybe save any problems by opening a second CA with them before swapping the first out?

clairec666

flaneurs_lobster said:

By no means certain but I don't think you need to keep the current account. 

Could maybe save any problems by opening a second CA with them before swapping the first out?

Thanks, could be worth a try. And if they continue to offer a decent regular saver in future, I guess I'll need a new current account anyway.

allegro120

clairec666 said:

flaneurs_lobster said:

By no means certain but I don't think you need to keep the current account. 

Could maybe save any problems by opening a second CA with them before swapping the first out?

Thanks, could be worth a try. And if they continue to offer a decent regular saver in future, I guess I'll need a new current account anyway.

Co-op
I've never closed Co-op CA so can't share any experience, but I'm almost certain that CA is only needed for opening RS, not for running it.  I'd definitely open a new one after the switch is completed for future use.  I always make sure I have at least 1 CA per bank.

dealyboy

@claire666 said:

Quick question about the Cooperative regular saver

Clearly you need a current account in order to open the regular saver, but can anyone confirm that the regular saver stays open if you close / switch out the current account? Had a dig through the T&Cs but couldn't find anything specific.

(Yes, I know I can open a burner account elsewhere to use for switching bonuses, but as the Coop one already has some small DDs on it, I might as well use it for the switch. As long as it doesn't mess up the RS)

Co-op Current Account / Regular Saver

I opened a second current account for similar reasons, it took 3 working days to open. In the end I didn't switch the first current account (2 DDs), but it is ready to go when the next opportunity arises.

roked

clairec666 said:

flaneurs_lobster said:

By no means certain but I don't think you need to keep the current account. 

Could maybe save any problems by opening a second CA with them before swapping the first out?

Thanks, could be worth a try. And if they continue to offer a decent regular saver in future, I guess I'll need a new current account anyway.

Yes it does stay open, I have done it when I used the current account as a switcher account part way through. Everything was fine with it through to the end and I could withdraw to my external current account without issues.

The only 'issue' was that when I tried to open another current account to apply for a new RS, it would not let me do it using my existing details and I had to apply again as if a new customer. Not a big deal, just delays things (as co-op are not known for being quick) while waiting for it all to be setup again before applying for the RS

clairec666

roked said:

clairec666 said:

flaneurs_lobster said:

By no means certain but I don't think you need to keep the current account. 

Could maybe save any problems by opening a second CA with them before swapping the first out?

Thanks, could be worth a try. And if they continue to offer a decent regular saver in future, I guess I'll need a new current account anyway.

Yes it does stay open, I have done it when I used the current account as a switcher account part way through. Everything was fine with it through to the end and I could withdraw to my external current account without issues.

The only 'issue' was that when I tried to open another current account to apply for a new RS, it would not let me do it using my existing details and I had to apply again as if a new customer. Not a big deal, just delays things (as co-op are not known for being quick) while waiting for it all to be setup again before applying for the RS

Thanks for the advice. Given that co-op have offered a very good regular saver for quite a while now, it'll be worth having another current account with them. And if it's a bit of a hassle to open a new one, might as well do it now. (I'm not fussed about my credit score, hard checks and all that.)

topyam

clairec666 said:

Quick question about the Cooperative regular saver

Clearly you need a current account in order to open the regular saver, but can anyone confirm that the regular saver stays open if you close / switch out the current account? Had a dig through the T&Cs but couldn't find anything specific.

(Yes, I know I can open a burner account elsewhere to use for switching bonuses, but as the Coop one already has some small DDs on it, I might as well use it for the switch. As long as it doesn't mess up the RS)

You have to open a CA to then apply for the RS.
I know as I did it this week.

roked

clairec666 said:

roked said:

clairec666 said:

flaneurs_lobster said:

By no means certain but I don't think you need to keep the current account. 

Could maybe save any problems by opening a second CA with them before swapping the first out?

Thanks, could be worth a try. And if they continue to offer a decent regular saver in future, I guess I'll need a new current account anyway.

Yes it does stay open, I have done it when I used the current account as a switcher account part way through. Everything was fine with it through to the end and I could withdraw to my external current account without issues.

The only 'issue' was that when I tried to open another current account to apply for a new RS, it would not let me do it using my existing details and I had to apply again as if a new customer. Not a big deal, just delays things (as co-op are not known for being quick) while waiting for it all to be setup again before applying for the RS

Thanks for the advice. Given that co-op have offered a very good regular saver for quite a while now, it'll be worth having another current account with them. And if it's a bit of a hassle to open a new one, might as well do it now. (I'm not fussed about my credit score, hard checks and all that.)

No probs. If you are already going to open a new current account while having an existing one i.e. opening a 2nd account, then that might work better and probably will be able to keep your existing sign on etc

Bridlington1

roked said:

clairec666 said:

roked said:

clairec666 said:

flaneurs_lobster said:

By no means certain but I don't think you need to keep the current account. 

Could maybe save any problems by opening a second CA with them before swapping the first out?

Thanks, could be worth a try. And if they continue to offer a decent regular saver in future, I guess I'll need a new current account anyway.

Yes it does stay open, I have done it when I used the current account as a switcher account part way through. Everything was fine with it through to the end and I could withdraw to my external current account without issues.

The only 'issue' was that when I tried to open another current account to apply for a new RS, it would not let me do it using my existing details and I had to apply again as if a new customer. Not a big deal, just delays things (as co-op are not known for being quick) while waiting for it all to be setup again before applying for the RS

Thanks for the advice. Given that co-op have offered a very good regular saver for quite a while now, it'll be worth having another current account with them. And if it's a bit of a hassle to open a new one, might as well do it now. (I'm not fussed about my credit score, hard checks and all that.)

No probs. If you are already going to open a new current account while having an existing one i.e. opening a 2nd account, then that might work better and probably will be able to keep your existing sign on etc

In my experience if you switch out and then open a new Co-op current account your old login starts working again.

If trying to avoid the hard searches then it's worth noting you can still get the regular saver with their cashminder account, so switching out then opening the cashminder account could be a good option.

topyam

Ah so once the Co-Op RS matures, there's no new issue, and you have to try and open another of the same but with a different CA? That is a pain