The Top Regular Savers Discussion Thread

bubieyehyeh

I've found with Lloyds sometime I get cop fail in the app, but then works with same details in internet banking in a browser on a pc. Only happens where the reference is needed for cop.

alfred64

https://forums.moneysavingexpert.com/discussion/comment/82065000#Comment_82065000

Dudley use Co-op bank if that's any help to you.

gt94sss2

https://forums.moneysavingexpert.com/discussion/comment/82064365#Comment_82064365

I have a more unusual issue with Beverley.

Applied for the RS2 as an existing customer and the account showed online and was funded earlier this week. However, I haven't received any documentation/letters from them..

allegro120

https://forums.moneysavingexpert.com/discussion/comment/82064915#Comment_82064915

Dudley

I used correct account number, but it didn't pass for 2 days, so I sent it anyway and the money arrived on the same day. I also have Festive 10001016 and 1225 10001008 - both passed CoP within a normal time frame.

kermchem

https://forums.moneysavingexpert.com/discussion/comment/82065066#Comment_82065066

I too opened Beverley BS RS 2 during the short window it opened. I funded it with £500 from Lloyds yesterday, using the account details from beverleyonline. I logged on to beverleyonline this morning - nothing. Log in again this afternoon and the correct balance is showing. In the notifications there is a link to open a message in the inbox, which reads:

Thank you for signing up for our Regular Saver Issue 2.
This message is just to make you aware of how the product will operate.
This account needs a monthly deposit making into the account between £10-£500 every month.
Deposits need to be received into the account before the end of each month (please try to send your deposit before the 25th of each month to ensure this is processed in the correct month)
Please be aware that this account has two interest rates applied to it, a running rate and a bonus rate.
The running rate is the only rate that our online platform can show you sadly.
Both interest payments will be applied to the account on 31st December. There are no withdrawals allowed from this product without forfeiting the bonus until 31st December.
In January you will be able to make a withdrawal and still be eligible for the bonus at the end of the following year.
If you have any questions about this account please contact the Society.
Kind regards
Savings Team

As far as I can see this message is clear (apart from the meaning of "following year"), and will remain in my beverleyonline inbox. I am happy. I am not desperate to receive anything else via Royal Snail.

Joseph1215

Final Beverley

Matters are as I said above.

In addition they have sent an important message in reply to my query about numbers of payments and withdrawals:

"We request a single payment, although our system is able to process more than one payment each month. Please note that in January, only one withdrawal is allowed."

And that is the end of the matter, as far as I'm concerned!

jameseonline

https://forums.moneysavingexpert.com/discussion/comment/82060898#Comment_82060898

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

jaypers

https://forums.moneysavingexpert.com/discussion/comment/82065184#Comment_82065184

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?

jameseonline

https://forums.moneysavingexpert.com/discussion/comment/82060953#Comment_82060953

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?

fabsaver

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."