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The Top Regular Savers Discussion Thread
Comments
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Yes, seems to be the way with me these days, I do love how ridiculously easy it is to close an account get all the money including interest straight into my current account from which it got sent to Virgin & from Virgin to Santander & internal transfer to Santander Regular.
Going forward I'll probably open another Nationwide & keep it going depending on what comes up Regular Saver wise, because there doesn't seem to be much choice in the 6.5% category and I'm going to have a lot of funds to redistribute soon with Monmouthshire ending, Virgin ending, Principality ending, Darlington ending (only ever fully funded that the 1st month, lol).
There's still Saffron to be announced, then I could always brave going back to First Direct, Monmouthshire might do another decent regular, just have to see
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What’s the Saffron rumour? So many comments over last few days I may have missed it. I’m not currently a customer……do I need to do anything?
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Oh I don't expect them to still offer the 8% in a year, but also a 3% account isn't going to get me excited either so it'll probably be ditched by me.
Already got Edge Saver so used to ditching that and opening a new one.
Was it HSBC that upped their regular saver rate briefly a while back?
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Beverley BS
I know they are a small building society but really there is no excuse for failing to launch the account with T&Cs consistent with the account opening documentation. The fact that they now appear to be changing these after the account has been withdrawn seems very unprofessional.
I did not apply because I was put off by the confusing terms and punitive withdrawal restrictions. Had they stated that one withdrawal per year would be permitted without losing the bonus then I would have applied.
The restrictions on withdrawals seemed perfectly clear to me, no withdrawals without losing the bonus. It is mentioned in numerous places, both on the account webpage and the Key Product Information document:
"the account should see no withdrawals in the year and the account must remain open at 31st December in order to receive the bonus payment."
"…also have no withdrawals in the year to be eligible for the Conditional Bonus"
"Yes, however if any withdrawals take place the conditional bonus will be lost."
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I've been in the situation before where I've missed out on a product due to shortcomings of a bank, and the bank has offered to let me to open the product even though it was closed issue, to put me back into the position I would have been in if those issues hadn't arisen. I didn't take them up on it in that instance as I'd lost confidence in them, but if you are still interested it may be worth contacting them to complain about the materially incorrect statements in the T&Cs that led you to your original decision.
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HSBC offered I think a 7% saver back in savings week, 2024, nothing from them last year for savings week, which by all accounts seemed a non event last year.2 -
as a new Beverley customer, I have received two emails (activation code and payment details) - nothing in the post yet and have not checked secure messaging.
re: Saffron - I suspect it's that their members month being delayed this year until September - last year there was an 8% £50 RS offered during that month… might be worth throwing £1 in an account with them in the hope of qualifying in 2 months time.
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I'm wondering if Monmouthshire haven't updated their info because it seems you can do things via app these days & when I rang them up a couple of years ago they could pay me straight into my bank account via phone whereas previously they would only offer me a cheque in the post despite always having my funding details
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There is no rumour, they've delayed their members month regular, it was June it now going to be September so we waiting for details of rate etc, they sent out emails about the fact they changing things
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This potentially RS account would it be open to everyone or longer term members only, if you know?
I also currently don't have any accounts with them. I've tried in the past, but their online application just doesn't play ball.
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