Regular Savings Accounts Article Discussion

1.You CANNOT open a new regular account with N& P if you have just had one and it has matured i.e only one of the product - ever it would seem

2.Barclays is a disaster of Customer Service when you say 'open in branch';

-managed to open 7 regular savings account in last 10 years with 5 different banksb soc generally not going into branch e.g. N&p, saffron, nationwide , etc

-their branches do not open until 10.00 in this day and age

-went to branch one - Kirkham - and was told needed an appointment with financial advisor and they only came Tuesday

-went to branch in Lytham and told didn't have a financial advisor in branch but St Annes did

-went to St Annes and was told could have an appointment in a few weeks as the staff were tied up on new Isa year

What a mess - I was only wanting a regular monthly account - good grief is i wanted anything important .
I also had a significant cash ISA to transfer but would never go back - and advantage gained by the extra 0.25% per year on savings was spent on petrol and car park fees o these trips


So yes you could open in branch but give up your life!

larrymccaffery wrote: »

1.You CANNOT open a new regular account with N& P if you have just had one and it has matured i.e only one of the product - ever it would seem.

I noticed that, which is a little disappointing, though I haven't opened one yet. I assume you tried to open a new one? Their Gold Classic account gives 5%, which is the second best I know of at the moment after FD.

I was n't told need an appointment in advance when referred on - yes an appointment to open a regular saver account -good grief its usually one web form .The difference in the rates - say £12 annually after tax on max savings - just doesnt pay for the chase .

typistretired wrote: »

Now that the interest rates are all dropping the Nationwide Regular Saver @ 4% is looking very attractive especially as you can pay in £1000 per month. £12000 in total.

4%?? I see 2% tops.

http://www.nationwide.co.uk/savings/instant_access/regularsavings/introduction.htm

typistretired wrote: »

Nationwide Regular Saver @ 4% is looking very attractive especially as you can pay in £1000 per month. £12000 in total.

Nationwide Regular Saver is currently paying 2.5% if you pay in at least £500pm.