The Top Regular Savers Discussion Thread

Descrabled

Darlington RS4

V1 summary sheet has the restriction that the account can be opened in sole name only.

Accounts opened online must be in a sole name. An additional account holdercan be added later by contacting us or visiting your local branch. Joint accountscan be opened in branch.

V2 (current summary sheet) has been revised to allow joint names.

A maximum of one account can be opened per person. Accounts can be openedin joint names, but only one account, whether in single or joint names can beheld per person.

Also slight change to withdrawal. In V1 if more than two withdrawals required then "you will need to close your account". The current version, V2, states that "if you make more than two withdrawals, your account will be closed".

Edited to show that now, in V2, more than two withdrawls can be made, but the building society will then close the account.

Reg_Smeeton

Re: Progressive BS online saver 7%

Can anyone advise how quickly balances update in the online portal please?

clairec666

https://forums.moneysavingexpert.com/discussion/comment/82166122#Comment_82166122

From my experience, not immediate but on the same day

Bob2000

Well my questions about the chase regular saver is irrelevant now l was declined earlier. First time lve ever had a NO from any bank.

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82166750#Comment_82166750

A couple of reported declines since the RS launched, can't recall any before. Looks like they've become picky, whatever their idea of the ideal customer might be.

Born2Save_3

https://forums.moneysavingexpert.com/discussion/comment/82166750#Comment_82166750

Declined for the RS or the CA ?
Makes me wonder how you might find out the reason or at least gain a good idea why ? Maybe a Subject Access Request, or something like that using Data Protection laws or whatever, if they are not forthcoming with a simple request of, why ? And is there anything you could do to make a further application more likely to be acceptable ?
The catastrophiser within me thinks, I would be declined too, but I am excluded at an even more fundamental level - ID.

Bob2000

https://forums.moneysavingexpert.com/discussion/comment/82166890#Comment_82166890

CA, yes.

Maybe was too honest when putting in my information regarding how l was going to use the account. Told them was only going to use it for saving and when asked how much l would deposit monthly l put £300 (to cover the Regular saving) never mind one of them things.

ToastLady

https://forums.moneysavingexpert.com/discussion/comment/82166902#Comment_82166902

Chase

Yes, very possibly your honesty was the cause. They probably would want you to use the current account for more than just funding their regular saver.
I've had Chase CA for a few years and can't remember what I put down, but I wanted it for spending at home and abroad at the time, and may well have put that down, but can't honestly say. I was refused Monzo account about the same time I applied for Chase, no idea of the reason, didn't ask and have never tried to go with them again, my nose was well out of joint at the time.

Bob2000

https://forums.moneysavingexpert.com/discussion/comment/82166935#Comment_82166935

Well lets hope Monzo release a Monthly Saver and l can put reason for account "everything and how much will you deposit "£2000" per month. That should do it. 😀

On more serious note, my credit score was in the mid 500s after opening a few CA for a few switch bonuses, over the last 10 months or so. Maybe that didn't help?

Anyway lm sure somthing will be along in due course.

Eco_Miser

https://forums.moneysavingexpert.com/discussion/comment/82166983#Comment_82166983

The actual credit score would not be, since the banks don't see it, but the serial CA openings may well be.