Yorkshire Building Society Regular Saver

YorkshireBoy

Suzey wrote:

I hadn't really thought about getting the online saver, but maybe it's a good idea for me for the reason you state.

That's why I suggested it to you last night (on your savings review thread).

Were you able to apply for the Regular Saver online as you already had an online account with them?

Postal or branch applications only.

gelato_cat

Oh yes! Sorry

I do think it's a very good idea but am worried about not being able to transfer funds to my current account in an instant. I've just started a new job and am getting used to my new cash flow patterns as I now get paid twice a month. I've had to set up a spreadsheet to keep track of all my regular savers!

I definitely need to get my money out of the BoS account unless they up the rate (unlikely) and it looks like YBS will be getting my custom

Suze

YorkshireBoy wrote:

That's why I suggested it to you last night (on your savings review thread). ;)Postal or branch applications only.

YorkshireBoy

Suzey wrote:

...am worried about not being able to transfer funds to my current account in an instant.

I should warn you then, transfers out to one of your 5 nominated external accounts do take a full 5 days, ie action Monday, arrive Friday.

However, if it's purely a budgeting thing, you get a link card with the Internet Saver meaning you can withdraw £750 per day (£500 from branch and £250 from an ATM).

That said, once the 'same/next day payment' BACS mechanism is introduced (hopefully in November this year) it will cease to be an issue.

gelato_cat

Once I get used to knowing how much money I need to have in my current account at any one time, I'll be fine! At the moment I have reminders set up in my calendar so I don't forget when my standing orders are going out etc.

Five days is a long time, but I couldn't even log into my Icesave account the other day which was even more worrying!!!

Same-day BACS is going to be heaven!

Suze

YorkshireBoy wrote:

I should warn you then, transfers out to one of your 5 nominated external accounts do take a full 5 days, ie action Monday, arrive Friday.

However, if it's purely a budgeting thing, you get a link card with the Internet Saver meaning you can withdraw £750 per day (£500 from branch and £250 from an ATM).

That said, once the 'same/next day payment' BACS mechanism is introduced (hopefully in November this year) it will cease to be an issue.

Sillychuckie

Are you able to view the balance of your regular saver online, if you have an internet saver?
I'm thinking of getting a regular saver, but am wondering whether its worth opening an internet saver too, just so I can monitor the regular one online.
I like to see whats in it etc.

YorkshireBoy

Sillychuckie wrote:

Are you able to view the balance of your regular saver online, if you have an internet saver?

Yes. Opened mine in branch yesterday and it was visible online this morning.

tom188

Sillychuckie wrote:

Are you able to view the balance of your regular saver online, if you have an internet saver?
I'm thinking of getting a regular saver, but am wondering whether its worth opening an internet saver too, just so I can monitor the regular one online.
I like to see whats in it etc.

Yes you can.
Indeed even if you close the o/s again you can still view the r/s through internet banking.

LardyCake

Kazza242 wrote:

The above is what I intend to do, but I will also make use of the one penalty-free withdrawal they allow each account year, to keep my balance under the £20,000 limit indefinitely.

Thanks, that's an excellent idea.