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The Top Regular Savers Discussion Thread
Comments
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Re: Dudley BS - for those who have opened a Dudley RS by email and are awaiting the welcome letter, having received mine today it is worth noting that their postal accounts seem to use a different account number than their online accounts - which explains why it was failing CoP (as I was using their society online account number).
- Online Account No: 10001016
- Offline Account No: 10001008
sort code is the same for both, so you just need your account number to be used as a reference/roll for sending deposits - if you already have online access, you should likely see your RS account visible there before receiving the letter.
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Given that the regular saver only pays 3% I don't think there will be queues outside the branch tomorrow morning. However it is a welcome addition for the local community following branch closures of most major high streeet banks.
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I was in your position precisely one week ago and I opened the new regular saver 'today', ie once the regular saver had matured and one day before maturity. I paid the funds in 'today' but it wasn't opened till 'Friday' (all one week ago). So the account has slipped by one day. I actually raised it with them this morning that I wasn't happy my £300 was left sitting around for 2 days, which they noted. What a good idea to arrange an overdraft but would that cost money?
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I've tried in the past to get an answer to 'what if' funds weren't there and couldn't get a straight answer. I wonder if they are consistent with this or you're a trusted customer.
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I received an invitation for this event, but it is too far from where I am. Otherwise I would turn up to show a support. I like Ecology BS.
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Ecology
I still have this regular saver. I used to use it for DD for a number of years, don't deposit anymore but still have £10.62 there (not for speculative reasons). I like the content of their newsletters and always fill their questionnaires which are quite different from other providers' surveys😀 I also welcome the introduction of app.
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I've been looking at their website, and it looks like you can't actually open any saving branch base accounts. Got to go via app or online.
So don't really see a need for a physical branch at least for saving accounts.
But it is good for the local area like you said. Even if the rates are a bit flat.
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Can you elaborate why you like them?
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I keep my FD account sat at £10 apart from the day before the RS needs funding. I forgot to pre-fund the current account last month and the RS was automatically fully funded by standing order making me overdrawn - I had this message pinged through so brought my balance back up to normal the same day
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Because of their stance on environmental issues.
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