The Top Regular Savers Discussion Thread

KneadtheDough

https://forums.moneysavingexpert.com/discussion/comment/82094345#Comment_82094345

Ecology RS

All gone through now… Think they have to manually complete ID verification.

where_are_we

Ecology RS - despite being an old member from years ago my application has stalled at the end the application - they will be in touch. Hope they don`t want 2 ID documents posted to them like they did 6 years ago!

roked

Thanks for the heads up, all setup here as a new customer and deposit was instant as most have said.

Their new system looks to accept deposits 24/7 and interest counts from that point, might be worth updating the cut off times list when you get a chance :-)

https://forums.moneysavingexpert.com/discussion/6647296/the-faster-payments-cut-off-times-list

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82094367#Comment_82094367

Exactly what I did, will see full funding this month due to Monmouthshire but beyond that, not sure due the variable interest rate and access by closure only condition. It’ll be bottom of the 6%ers in priority and possibly below the likes of 5.x allowing withdrawals as I don’t want to end up closing due to it being my first account with them. As with anything, secure the account now and consider funding frequency later. Ecology used to be known for Direct Debits, not competitive rates so I don’t expect this one to be available for long.

allegro120

https://forums.moneysavingexpert.com/discussion/comment/82094446#Comment_82094446

Ecology withdrawals…

Should be as quick as deposits. I've made deposit from the wrong account and it was returned immediately, so I'm guessing the same would be for withdrawals.

allegro120

https://forums.moneysavingexpert.com/discussion/comment/82094489#Comment_82094489

Exactly! Ecology is a very small BS so the target sum is likely to be small too. I doubt this RS will be available for very long.

mhoc

I am also on the list waiting for an email from Ecology incase they want ID - what might that be if they do? Would they accept a scan of your passport and/or driving license emailed to them ….

No idea why - with your address they can instantly check the electoral roll …

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82094529#Comment_82094529

Originals or certified copies if they stick rigidly to the document published on their website. If they decide they'll accept something by email, who knows.

Stargunner

Ecology may only be a small BS, but their application procedure is way better than most, and deposits and withdrawals are immediate, which most BS’s can’t achieve. Why can’t most savings accounts be this efficient to operate.

clairec666

https://forums.moneysavingexpert.com/discussion/comment/82094567#Comment_82094567

Also thumbs up to Ecology for making their T&Cs clear to understand and no grey areas as far as I can see. It's as if they have read this forum and answered all our usual questions (13th payments, maximum balance, etc.)

Also worth noting that the maturity date is 12 months from the date of the first deposit, not the date of opening. There's only a 14 day funding window though.