The Top Regular Savers Discussion Thread

Born2Save_3

YBS First Home eSaver 4.7%A, £500 a month, 2 years

Does anyone know if YBS do any checks on being a first home buyer ?  Or any other non-compliance ?

In the product details there is the following sentence :

'If you're not saving for your first home, we can transfer your money to an online easy access savings account.'

which I take to be a possible severe consequence should anyone not comply. 

Born2Save_3

Kent Reliance Regular Savings Account 5.1%A, £500 a month

Has anyone had any success opening an account without having to visit a branch ?

I happened to be in Canterbury last year so opened one to establish a relationship but didn't fund it much till the latter months.  KR seem to have been fairly good keeping the rate at 5.1%A for a while and through a number of BoE reductions.

Whenever I've called them I keep asking if I can open an account by post, over the phone, online, with a telephone appointment or any way apart from visiting, without success.  Sadly, they have a call centre so it is not as easy as some other organisations to find a helpful person in a branch.

allegro120

Dizzycap said:

Hattie627 said:

trickydicky14 said:

Bridlington1 said:

trickydicky14 said:

I will be sooo glad when a new topic comes along. I'm going to lay down in a dark room until it goes away.

I would imagine Scottish BS'll come to your rescue at some point then, when I spoke to them they said they were hoping to launch their online RS either this week or next week.

Thanks Bridlington but I've applied for the postal version so I can't now get excited about the upcoming online one as I can only have the one, unless you know different you old boundary pusher.

Knowing the habits of the old lags on here, we'll all apply for the Scottish BS online version and hope for the best.

I certainly will be as 8 days after posting my application form for the Scottish BS RS, the monies still have been drawn from the cheque I also sent, so I've moved it back into an account that gets a higher interest rather than my current account. IMHO, 8 days is more than long enough for a BS to get themselves organised and either accept or reject an application, especially after sending off the application along with ID via email & then reciving an email of confirmation to send a cheque & including a completed print out form and ID again!

Scottish BS
It's about 10 days now since I've posted mine.  Few people who sent theirs on the same day reported that their cheques have been cleared a few days ago, but mine is still not cleared.  If not cleared tomorrow I'll have to call them.  If my envelope was lost or any other problems I will wait until they release the online version.

I don't keep funds in my current account in waiting for a cheque to be cleared.  When it's cleared I get notification on my phone and bring my balance back to zero.  It's better this way, no loss of interest. 

subjecttocontract

Born2Save_3 said:

Kent Reliance Regular Savings Account 5.1%A, £500 a month

Has anyone had any success opening an account without having to visit a branch ?

I happened to be in Canterbury last year so opened one to establish a relationship but didn't fund it much till the latter months.  KR seem to have been fairly good keeping the rate at 5.1%A for a while and through a number of BoE reductions.

Whenever I've called them I keep asking if I can open an account by post, over the phone, online, with a telephone appointment or any way apart from visiting, without success.  Sadly, they have a call centre so it is not as easy as some other organisations to find a helpful person in a branch.

5.1%A...What does the A mean ?

qbadger

Born2Save_3 said:

Kent Reliance Regular Savings Account 5.1%A, £500 a month

Has anyone had any success opening an account without having to visit a branch ?

I happened to be in Canterbury last year so opened one to establish a relationship but didn't fund it much till the latter months.  KR seem to have been fairly good keeping the rate at 5.1%A for a while and through a number of BoE reductions.

Whenever I've called them I keep asking if I can open an account by post, over the phone, online, with a telephone appointment or any way apart from visiting, without success.  Sadly, they have a call centre so it is not as easy as some other organisations to find a helpful person in a branch.

Even if someone did manage to open this account without a visit, it can only be operated in branch (according to its terms).

Born2Save_3

subjecttocontract said:

Born2Save_3 said:

Kent Reliance Regular Savings Account 5.1%A, £500 a month

Has anyone had any success opening an account without having to visit a branch ?

I happened to be in Canterbury last year so opened one to establish a relationship but didn't fund it much till the latter months.  KR seem to have been fairly good keeping the rate at 5.1%A for a while and through a number of BoE reductions.

Whenever I've called them I keep asking if I can open an account by post, over the phone, online, with a telephone appointment or any way apart from visiting, without success.  Sadly, they have a call centre so it is not as easy as some other organisations to find a helpful person in a branch.

5.1%A...What does the A mean ?

My short for AER

Kim_13

subjecttocontract said:

Born2Save_3 said:

Kent Reliance Regular Savings Account 5.1%A, £500 a month

Has anyone had any success opening an account without having to visit a branch ?

I happened to be in Canterbury last year so opened one to establish a relationship but didn't fund it much till the latter months.  KR seem to have been fairly good keeping the rate at 5.1%A for a while and through a number of BoE reductions.

Whenever I've called them I keep asking if I can open an account by post, over the phone, online, with a telephone appointment or any way apart from visiting, without success.  Sadly, they have a call centre so it is not as easy as some other organisations to find a helpful person in a branch.

5.1%A...What does the A mean ?

Annual possibly? Though Regular Savers with monthly interest are very much in the minority.

Born2Save_3

allegro120 said:

Dizzycap said:

Hattie627 said:

trickydicky14 said:

Bridlington1 said:

trickydicky14 said:

I will be sooo glad when a new topic comes along. I'm going to lay down in a dark room until it goes away.

I would imagine Scottish BS'll come to your rescue at some point then, when I spoke to them they said they were hoping to launch their online RS either this week or next week.

Thanks Bridlington but I've applied for the postal version so I can't now get excited about the upcoming online one as I can only have the one, unless you know different you old boundary pusher.

Knowing the habits of the old lags on here, we'll all apply for the Scottish BS online version and hope for the best.

I certainly will be as 8 days after posting my application form for the Scottish BS RS, the monies still have been drawn from the cheque I also sent, so I've moved it back into an account that gets a higher interest rather than my current account. IMHO, 8 days is more than long enough for a BS to get themselves organised and either accept or reject an application, especially after sending off the application along with ID via email & then reciving an email of confirmation to send a cheque & including a completed print out form and ID again!

Scottish BS
It's about 10 days now since I've posted mine.  Few people who sent theirs on the same day reported that their cheques have been cleared a few days ago, but mine is still not cleared.  If not cleared tomorrow I'll have to call them.  If my envelope was lost or any other problems I will wait until they release the online version.

I don't keep funds in my current account in waiting for a cheque to be cleared.  When it's cleared I get notification on my phone and bring my balance back to zero.  It's better this way, no loss of interest. 

Call the Aberdeen branch. My experience with all ScottishBS staff has been exemplary.

Born2Save_3

qbadger said:

Born2Save_3 said:

Kent Reliance Regular Savings Account 5.1%A, £500 a month

Has anyone had any success opening an account without having to visit a branch ?

I happened to be in Canterbury last year so opened one to establish a relationship but didn't fund it much till the latter months.  KR seem to have been fairly good keeping the rate at 5.1%A for a while and through a number of BoE reductions.

Whenever I've called them I keep asking if I can open an account by post, over the phone, online, with a telephone appointment or any way apart from visiting, without success.  Sadly, they have a call centre so it is not as easy as some other organisations to find a helpful person in a branch.

Even if someone did manage to open this account without a visit, it can only be operated in branch (according to its terms).

If you have an online easy access account also, you can make withdrawals via that. Online you could/can see all your accounts.  Currently they are running two online systems. My experience relates to the old system.

Any one had any luck opening an account without a visit ?

Dizzycap

Aidanmc said:

Dizzycap said:

Hattie627 said:

trickydicky14 said:

Bridlington1 said:

trickydicky14 said:

I will be sooo glad when a new topic comes along. I'm going to lay down in a dark room until it goes away.

I would imagine Scottish BS'll come to your rescue at some point then, when I spoke to them they said they were hoping to launch their online RS either this week or next week.

Thanks Bridlington but I've applied for the postal version so I can't now get excited about the upcoming online one as I can only have the one, unless you know different you old boundary pusher.

Knowing the habits of the old lags on here, we'll all apply for the Scottish BS online version and hope for the best.

I certainly will be as 8 days after posting my application form for the Scottish BS RS, the monies still have been drawn from the cheque I also sent, so I've moved it back into an account that gets a higher interest rather than my current account. IMHO, 8 days is more than long enough for a BS to get themselves organised and either accept or reject an application, especially after sending off the application along with ID via email & then reciving an email of confirmation to send a cheque & including a completed print out form and ID again!

So what happens in that situation when the cheque doesn't clear?

The account won't get opened & the funds can be utilized elsewhere, for now. Can't be faffing around waiting for a BS to get their act together.