The Top Regular Savers Discussion Thread

surreysaver

friolento 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 

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.

 

All I was doing was responding to someone whingeing about the Edge Saver being discussed on here. I know it's not a regular saver. I was responding to them.
You could always use the Edge as Regular Saver if you wanted?

Zekko

I’ve opened a Progressive rainy day saver, and as part of the opening process I funded the account via debit card transfer, or so I thought. This was at 10am this morning and the funds still haven’t transferred in. 

I guess I’ll wait until tomorrow and follow up.

londoner62

Born2Save_3 said:

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. 

They did not appear to do so for me.

flaneurs_lobster

Zekko said:

I’ve opened a Progressive rainy day saver, and as part of the opening process I funded the account via debit card transfer, or so I thought. This was at 10am this morning and the funds still haven’t transferred in. 

I guess I’ll wait until tomorrow and follow up.

Not specific to Progressive but debit card deposits will generally take 2 or 3 working days to credit an account.

ThePirates

liamcov said:

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

You can have 2, 1 for each Edge Current Account you hold.

nottsphil

surreysaver said:

friolento 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 

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.

 

All I was doing was responding to someone whingeing about the Edge Saver being discussed on here. I know it's not a regular saver. I was responding to them.
You could always use the Edge as Regular Saver if you wanted?

You could say that to justify just about any non-term savings account appearing in this thread! 
In your defence however, I do think the criticism should have been directed at Castle 96, who appears to have initiated the Edge discussion. 

flaneurs_lobster

ThePirates said:

liamcov said:

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

You can have 2, 1 for each Edge Current Account you hold.

+1 if you hold the Explorer current account too = 3.

s71hj

surreysaver said:

friolento 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 

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.

 

All I was doing was responding to someone whingeing about the Edge Saver being discussed on here. I know it's not a regular saver. I was responding to them.
You could always use the Edge as Regular Saver if you wanted?

Put in £333.33 a month then complain at the end that the interest is not the same as if you put £4000 in from day one. 

allegro120

nottsphil said:

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

I had this on the day the account was converted, but was able to open the new one next day.

Velvet_Monkey

surreysaver said:

friolento 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 

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.

 

All I was doing was responding to someone whingeing about the Edge Saver being discussed on here. I know it's not a regular saver. I was responding to them.
You could always use the Edge as Regular Saver if you wanted?

I for one am glad it was mentioned on here otherwise I'd not have realised they had brought out another issue with the possibility for a higher rate for a year.