The Top Regular Savers Discussion Thread

clairec666

SH88SH88 said:

Is the Coop Bank OK (in general) ? ... thinking specifically about the RS, but also the current account (as the current a/c seems mandatory for the RS) .

Depends what you mean by okay!
It's a reputable bank which has offered a consistent rate on its regular saver for quite a while now.

They sometimes have a good switching bonus available, so keep an eye out for that.

Minor complaints:
I never use Coop to make manual payments to regular savers, because a couple of times they've been held up on suspicion of fraud.
Applications for the regular saver take a few days, which is a tad annoying but not a major problem.

csw5780

clairec666 said:

SH88SH88 said:

Is the Coop Bank OK (in general) ? ... thinking specifically about the RS, but also the current account (as the current a/c seems mandatory for the RS) .

Depends what you mean by okay!
It's a reputable bank which has offered a consistent rate on its regular saver for quite a while now.

They sometimes have a good switching bonus available, so keep an eye out for that.

Minor complaints:
I never use Coop to make manual payments to regular savers, because a couple of times they've been held up on suspicion of fraud.
Applications for the regular saver take a few days, which is a tad annoying but not a major problem.

Tend to agree; overall fine but noticeably a touch overzealous on holding payments for fraud checks (to same name COP checked accounts).

surreysaver

Kim_13 said:

surreysaver said:

Aidanmc said:

Going to have to dip in to my 5.5% RS's to fund higher interest ones next month.
My current 5.5's are RBS (max), Natwest (3k), Halifax, Progressive and recently opened Manchester.
Does it really matter which one i start with?

Start with NatWest and RBS, as they're really 5.37% (the 5.5% is the AER, not the gross) as the interest is paid monthly 

The NatWest is 5.5% as it isn't full and interest is compounding. Wouldn't RBS be a little above 5.5% provided the poster is drawing out the interest each month and paying it into an account paying more than 5.5%, or 5.5% if the interest goes into Manchester for example and earns 5.5% there?

I get that, but if money is going to begin to be removed, then it won't be compounding enough to reach 5.5%. If it was going to be left to reach £5k, then I would agree, but if the poster is looking at removing funds, and all else being equal, I would start with those that pay interest monthly, as the gross is lower.
There may be other variables to take into account, such as fixed rates, which tax year interest is going to be paid etc

francoghezzi

csw5780 said:

clairec666 said:

SH88SH88 said:

Is the Coop Bank OK (in general) ? ... thinking specifically about the RS, but also the current account (as the current a/c seems mandatory for the RS) .

Depends what you mean by okay!
It's a reputable bank which has offered a consistent rate on its regular saver for quite a while now.

They sometimes have a good switching bonus available, so keep an eye out for that.

Minor complaints:
I never use Coop to make manual payments to regular savers, because a couple of times they've been held up on suspicion of fraud.
Applications for the regular saver take a few days, which is a tad annoying but not a major problem.

Tend to agree; overall fine but noticeably a touch overzealous on holding payments for fraud checks (to same name COP checked accounts).

I spent 'hours' on the phone with Coop Bank having to explain why I was moving my own money in 3 different occasions in 2 months. In the end I decided to keep nothing on the current account but the occasional £1 and use it only to transfer to the regular saver if and when needed. Nothing else. I understand the importance of the anti fraud activity, but these people are really overzealous.

flaneurs_lobster

Pure coincidence I'm sure but since Coventry BS acquired Co-op Bank in January they haven't offered a REGULAR SAVINGS product that has troubled my spreadsheet. 

Not a (public) peep out of CovBS on how this acquisition is going to benefit the members/Co-op Bank customers in the future. 

judgingjudy

Thanks to those who have highlighted that the Newcastle BS Monument RS account was available for online applications. 

I saw a few posts from people saying that they’d opened it but it wasn’t yet showing in their account list - I have opened it this morning as an existing customer and it’s now visible in my online account list for funding. 

csw5780

friolento said:

10_66 said:

BestSeagull said:

10_66 said:

Newcastle Monument
I applied online (not app) as new customer but the new account isn't showing when I log on.  Did those that can already see the new account apply via online or app, please?  I did receive an email saying application received.

I thought I'd wait a while before replying as it hadn't been long since I applied when I read your post but it's been nearly 12 hours now and mine has still not appeared. 

Just checked mine again this morning and it's still missing too.  Considering there's only one way of applying for it online, I wonder why this appears to have failed.

10_66 said:

BestSeagull said:

10_66 said:

Newcastle Monument
I applied online (not app) as new customer but the new account isn't showing when I log on.  Did those that can already see the new account apply via online or app, please?  I did receive an email saying application received.

I thought I'd wait a while before replying as it hadn't been long since I applied when I read your post but it's been nearly 12 hours now and mine has still not appeared. 

Just checked mine again this morning and it's still missing too.  Considering there's only one way of applying for it online, I wonder why this appears to have failed.

Mine’s still missing, too

Newcastle BS

It seems you have two profiles?

I contacted them via secure messaging quoting the reference in the email I received after applying.

edit:  (They did however supply my ISA account number rather than the new account number.)

nomorekids

in a flurry of opening 
newcastle tick and funded
monument tick and funded same day as above brilliant service from Newcastle

TSB regular matured over a week ago and app is still telling me I m not eligible for another monthly saver ?? 

any help would be appreciated, tried closing the easy saver tick and still the message you are not eligible ???

£250 sitting in the current account earning no interest so its not lack of funds

bristolleedsfan

Newcastle BS -  two profiles-  I sent secure message asking for profiles to be merged, reply told me to phone and they be happy to help.   

Newly_retired

Newcastle website just crashed, having rejected my password during application.