The Top Regular Savers Discussion Thread

s71hj

clairec666 said:

surreysaver said:

exel1966 said:

Catplan said:

castle96 said:

Santander - confirmed with them. OneEdge Saver (6% for a yr) for each current account (1 single and 2 for joint). Only downside is the £3 mthly fee for each current account, but if you have some SOs in there it compensates

It is well documented that you can avoid the fee, by not setting up DD’s. It’s now possible to have three, the two you suggest plus an Edge Explorer account allows one as well.

Anything to do with RS? Perhaps you posted this in the wrong thread.

The Edge Saver is like a regular saver, only it allows you to put all your money in in one go at the beginning 

Similarities: high interest rate, matures (well, rate drops) after a year
Differences: initial lump sum deposit rather than smaller monthly payments

I guess it doesn't officially belong in the regular saver thread, but no harm in discussing it here.

There are various not strictly  regular saver related things that I find incredibly useful in my regular saver endeavours thanks to people straying a tad off thread on here to mention them . At the end of the day it only takes seconds to scroll past. 

surreysaver

trickydicky14 said:

surreysaver said:

exel1966 said:

Catplan said:

castle96 said:

Santander - confirmed with them. OneEdge Saver (6% for a yr) for each current account (1 single and 2 for joint). Only downside is the £3 mthly fee for each current account, but if you have some SOs in there it compensates

It is well documented that you can avoid the fee, by not setting up DD’s. It’s now possible to have three, the two you suggest plus an Edge Explorer account allows one as well.

Anything to do with RS? Perhaps you posted this in the wrong thread.

The Edge Saver is like a regular saver, only it allows you to put all your money in in one go at the beginning 

How is it like a RS? surely it's a easy access savings account that has a limit on how much you can put in and get interest.

Like I said, it has all the characteristics of a regular saver (higher interest rate, maximum balance, maturity date when the interest rate drops) except for the fact you can put your money in at the beginning. And take it out (a similarity with other regular savers). It has the additional benefit of being able to replace funds withdrawn 

liamcov

So how many of these 6% easy-access/'regular saver' accounts can one person have?

francoghezzi

surreysaver said:

trickydicky14 said:

surreysaver said:

exel1966 said:

Catplan said:

castle96 said:

Santander - confirmed with them. OneEdge Saver (6% for a yr) for each current account (1 single and 2 for joint). Only downside is the £3 mthly fee for each current account, but if you have some SOs in there it compensates

It is well documented that you can avoid the fee, by not setting up DD’s. It’s now possible to have three, the two you suggest plus an Edge Explorer account allows one as well.

Anything to do with RS? Perhaps you posted this in the wrong thread.

The Edge Saver is like a regular saver, only it allows you to put all your money in in one go at the beginning 

How is it like a RS? surely it's a easy access savings account that has a limit on how much you can put in and get interest.

Like I said, it has all the characteristics of a regular saver (higher interest rate, maximum balance, maturity date when the interest rate drops) except for the fact you can put your money in at the beginning. And take it out (a similarity with other regular savers). It has the additional benefit of being able to replace funds withdrawn 

...but the fact that "you put the money all in the beginning" is exactly why this is not a regular saver. Happy to read about it, but no one can convince me that we're talking about a regular saver

clairec666

If it's not a regular saver, then nobody can claim it pays half the advertised interest rate

* ducks and runs for cover *

francoghezzi

clairec666 said:

If it's not a regular saver, then nobody can claim it pays half the advertised interest rate

* ducks and runs for cover *

So true ... 

Middle_Sister

surreysaver said:

daz378 said:

I opened a progressive account last night had to verify account with passport photo and NHS number....within in hour accepted and first 200 put in

How would your NHS number verify your ID? Do non-NHS organisations have access to it?

Maybe with the proposed Digital ID but I think they meant their Nat Ins number. 

surreysaver

francoghezzi said:

surreysaver said:

trickydicky14 said:

surreysaver said:

exel1966 said:

Catplan said:

castle96 said:

Santander - confirmed with them. OneEdge Saver (6% for a yr) for each current account (1 single and 2 for joint). Only downside is the £3 mthly fee for each current account, but if you have some SOs in there it compensates

It is well documented that you can avoid the fee, by not setting up DD’s. It’s now possible to have three, the two you suggest plus an Edge Explorer account allows one as well.

Anything to do with RS? Perhaps you posted this in the wrong thread.

The Edge Saver is like a regular saver, only it allows you to put all your money in in one go at the beginning 

How is it like a RS? surely it's a easy access savings account that has a limit on how much you can put in and get interest.

Like I said, it has all the characteristics of a regular saver (higher interest rate, maximum balance, maturity date when the interest rate drops) except for the fact you can put your money in at the beginning. And take it out (a similarity with other regular savers). It has the additional benefit of being able to replace funds withdrawn 

...but the fact that "you put the money all in the beginning" is exactly why this is not a regular saver. Happy to read about it, but no one can convince me that we're talking about a regular saver

I realise that. I'm merely responding to another poster about why this account is mentioned in this thread 

nottsphil

Aidanmc said:

Nationwide RS
Might need to free up some funds by end of month, my Nationwide RS is due to mature next month so i was going to refresh it.
Is it usually the day after closure request that a new RS can be opened?

Not for me it wasn't. Mine had already been converted to an Instant Access Saver 10 when I got this

friolento

surreysaver said:

exel1966 said:

Catplan said:

castle96 said:

Santander - confirmed with them. OneEdge Saver (6% for a yr) for each current account (1 single and 2 for joint). Only downside is the £3 mthly fee for each current account, but if you have some SOs in there it compensates

It is well documented that you can avoid the fee, by not setting up DD’s. It’s now possible to have three, the two you suggest plus an Edge Explorer account allows one as well.

Anything to do with RS? Perhaps you posted this in the wrong thread.

The Edge Saver is like a regular saver, only it allows you to put all your money in in one go at the beginning 

Given that the essence of a Regular Saver is regular deposits, the Edge saver is anything but a Regular Saver. 

Nor is is being described or marketed as a Regular Saver by Santander. 

Nobody has yet described the Cahoot Sunny Day Savers or similar offerings as Regular Savers, even though they have very similar characteristics as the Edge saver, and long may this thread be reserved for true Regular Savers.