The Top Regular Savers Discussion Thread

chris_the_bee

refluxer said:

Rudyson said:

refluxer said:

Just tried to open the Hanley Eco BS 1 Year Online Smart Saver and it looks like they might have disabled online applications for now - I get the same message either while applying through online banking (as an existing customer) or from their homepage (as a new customer would).

The application is currently unavailable.

We are currently experiencing some problems and are unable to continue with your application. Please try again later.

I've just opened one in the last half hour with no problem. 

I'm still unable to open the account. I closed my only Hanley Eco BS account (a Branch Saver) a couple of months ago but still have access to online banking, so was hoping I could apply from there and avoid having to prove my ID again.

I guess it's possible that they'll allow you to access online banking for a while in order to obtain documents or statements for old accounts, but not allow you to open new accounts ?

If anyone is in a similar position (can access online banking but has no open/active accounts) and has been able to open this RS account then please let me know, otherwise I'll give it a miss. 

Yes, opened successfully. When applying, select "Not a member" and continue the application. When it summarises your application for you, it will say that you are a member and the account will be opened. Utilising your old password etc, it will appear in your online banking.

friolento

allegro120 said:

surreysaver said:

That's why I always keep a relationship open with a token £1

HEBS
I would've done, but there was nothing of the kind available at the time I closed my RS.  I didn't want a costly relationship.

They now have a limited access saver, paying a measly 3.5%, needing at least £100. Worth having nonetheless IMO as it saves a lot of hassle when applying for other accounts, even if it might cost a quid or two per year.

Kim_13

friolento said:

allegro120 said:

surreysaver said:

That's why I always keep a relationship open with a token £1

HEBS
I would've done, but there was nothing of the kind available at the time I closed my RS.  I didn't want a costly relationship.

They now have a limited access saver, paying a measly 3.5%, needing at least £100. Worth having nonetheless IMO as it saves a lot of hassle when applying for other accounts, even if it might cost a quid or two per year.

Their usual minimum is £1,000, so the above is an improvement. Hopefully whatever the new RS eventually matures into can be kept with less, given that only £25 was required to open it.

chris_the_bee

allegro120 said:

surreysaver said:

That's why I always keep a relationship open with a token £1

HEBS
I would've done, but there was nothing of the kind available at the time I closed my RS.  I didn't want a costly relationship.

When most RS accounts mature, they automatically move to an easy access account unless you close early or give maturity instructions. Most easy access accounts have a minimum balance of £1.00, so let it mature into an Easy Access and withdraw all except for £1.
This new account gives you continuous membership for a quid.

friolento

chris_the_bee said:

allegro120 said:

surreysaver said:

That's why I always keep a relationship open with a token £1

HEBS
I would've done, but there was nothing of the kind available at the time I closed my RS.  I didn't want a costly relationship.

When most RS accounts mature, they automatically move to an easy access account unless you close early or give maturity instructions. Most easy access accounts have a minimum balance of £1.00, so let it mature into an Easy Access and withdraw all except for £1.
This new account gives you continuous membership for a quid.

HEBS minimum balance for adult accounts is £100

chris_the_bee

clairec666 said:

nigelholl2 said:

kermchem said:

You can mature last year’s Christmas saver into a new issue 4 6 month bond, send the residue to an external account, and open a new Christmas saver

Sorry if this seems pedantic, but that is how I am, and the question needs asking
Is this the correct route to gain an extra 6 month acc?
I have Iss3 & 4 , and was wondering whether you needed to open a new issue, and then roll over, or roll over and then open a new issue
Or is this just pertinent to the Christmas Saver
All your thoughts would be appreciated, as this sort of query is not covered in FAQ's

Just to add another option into the mix, you could submit your maturity instructions, then in the two weeks before it matures open a new issue. That way, your maturity options shouldn't be refused (as you don't already have one of that issue), and your new application shouldn't be refused either.

Except that OP already has at least one Issue 4, so I don't think this option works..

chris_the_bee

friolento said:

chris_the_bee said:

allegro120 said:

surreysaver said:

That's why I always keep a relationship open with a token £1

HEBS
I would've done, but there was nothing of the kind available at the time I closed my RS.  I didn't want a costly relationship.

When most RS accounts mature, they automatically move to an easy access account unless you close early or give maturity instructions. Most easy access accounts have a minimum balance of £1.00, so let it mature into an Easy Access and withdraw all except for £1.
This new account gives you continuous membership for a quid.

HEBS minimum balance for adult accounts is £100

OK.with HEBS it may cost about £5.00 a year (depending on your EA interest rate), but a lot of other societies are £1.

friolento

chris_the_bee said:

friolento said:

chris_the_bee said:

allegro120 said:

surreysaver said:

That's why I always keep a relationship open with a token £1

HEBS
I would've done, but there was nothing of the kind available at the time I closed my RS.  I didn't want a costly relationship.

When most RS accounts mature, they automatically move to an easy access account unless you close early or give maturity instructions. Most easy access accounts have a minimum balance of £1.00, so let it mature into an Easy Access and withdraw all except for £1.
This new account gives you continuous membership for a quid.

HEBS minimum balance for adult accounts is £100

OK.with HEBS it may cost about £5.00 a year (depending on your EA interest rate), but a lot of other societies are £1.

Their most suitable account appears to be their Limited Access one, paying 3.5% (var). You can get up to 7% for your £100 elsewhere, or more likely something between 4% and 5%. The max the HEBS account would cost you is therefore around £3.50 a year, or more likely £1 to £1.50.

I appreciate this is "a lot"   more than dormant accounts which require just £1, or even only £0.01 or nothing, but I'll happily have a HEBS placeholder for up to £3.50 a year.

s71hj

clairec666 said:

nigelholl2 said:

kermchem said:

You can mature last year’s Christmas saver into a new issue 4 6 month bond, send the residue to an external account, and open a new Christmas saver

Sorry if this seems pedantic, but that is how I am, and the question needs asking
Is this the correct route to gain an extra 6 month acc?
I have Iss3 & 4 , and was wondering whether you needed to open a new issue, and then roll over, or roll over and then open a new issue
Or is this just pertinent to the Christmas Saver
All your thoughts would be appreciated, as this sort of query is not covered in FAQ's

Just to add another option into the mix, you could submit your maturity instructions, then in the two weeks before it matures open a new issue. That way, your maturity options shouldn't be refused (as you don't already have one of that issue), and your new application shouldn't be refused either.

Very Father Ted: I don't in fact already have an issue 4, my request for an issue 4 is merely resting in your account. 

SJMALBA

FWIW, Hanley's 'Instant Access (ORD01)' account has a minimum opening balance of £100, but this can can be reduced to the minimum operating balance of £1, after 10 days.