Regularly Beat the Best Savings Account Rates Discussion Area

OldBrain

Martin's article refers to admin problems with this account, need to pay in your salary etc. You need to open a LLoyds current account in order to fund the Reg Saver account.
Thanks to Martin I opened twelve months ago two Reg Savers for my wife and I which are regularly funded from a joint current account set up at the same time. The current account is used only to receive £500 a month from other savings accounts and then to fund the two Reg Savers.
I set this up in a branch, not online!

ukdutypaid

OldBrain wrote: »

Martin's article refers to admin problems with this account, need to pay in your salary etc. You need to open a LLoyds current account in order to fund the Reg Saver account.
Thanks to Martin I opened twelve months ago two Reg Savers for my wife and I which are regularly funded from a joint current account set up at the same time. The current account is used only to receive £500 a month from other savings accounts and then to fund the two Reg Savers.
I set this up in a branch, not online!

You only have to have the C/A, you don't need to fund the regular saver through it.... The money doesn't have to even touch the C/A

expatsaver_3

I have found the best way to beat the crowd is to regularly check a site called interest-rates.org.uk which says it doesn't take money to include banks so seems to have the fullest list around. You have to be pretty nimble too to move your money about as relative rates rise and fall as products are introduced then sidelined. It's worth thinking about other currencies too - like the Euro now on the up.

confused1

Is there any bank that do straight changes of sums of Euros (not holiday left over change) to £ over the counter, please?

mary

expatsaver wrote: »

I have found the best way to beat the crowd is to regularly check a site called interest-rates.org.uk which says it doesn't take money to include banks so seems to have the fullest list around. You have to be pretty nimble too to move your money about as relative rates rise and fall as products are introduced then sidelined. It's worth thinking about other currencies too - like the Euro now on the up.

This seems to be a link to Loans not Savings.

Kazza242

mary wrote: »

This seems to be a link to Loans not Savings.

The website also has a Savings rates section. From http://www.interest-rates.org.uk/ if you click on Compare UK rates it takes you to the Compare UK Savings Account Interest Rates page.

littlemissmoney

Can you apply for the Yorkshire Building Society regular saver online? I choose "how to apply" on their site but regular saver doesn't seem to be an option. Sorry if I'm being stupid!

RayWolfe

No you have to apply via a branch or by post.

Aerodiver

Nick_A wrote: »

Which savings account is recommended to drip feed from?

Anybody know? I have an Icesave account, sent the forms off to them to set up a BACS to Yorkshire, but they wrote back saying they couldn't do it. Their forms don't seem to be set up for Building Society accounts with "Roll/Reference numbers".

So... which account can we use for Drip feeding? Anyone have any experience with regular payments from Sainsburys or ICICI?

ukdutypaid

Aerodiver wrote: »

Icesave account, ...... [sic] Their forms don't seem to be set up for Building Society accounts with "Roll/Reference numbers".

Building society accounts, must have a Sort Code and an Account number, ignore the Roll/Ref bit...

Aerodiver wrote: »

So... which account can we use for Drip feeding? Anyone have any experience with regular payments from Sainsburys or ICICI?

Got to be Sainbury's IMHO....
Payments from ICICI and from ICESAVE are to one linked account only (contradict me if I'm wrong on the Icesave one).
So that's 3/4 day BACS from ICICI to your linked account.... and then 3/4 BACS from there (unless you're linked account is Llloyds/HSBC and your reg saver is with them also)

Doing it from Sainsbury's is 3/4 BACS to the destination account, so it halves the transfer time.... No you can't schedule payments though, so no SO's.
The flexibility to make payments from the Sain's account to multiple destinatations, more than compensates for the 0.05% AER lower rate of interest, to ICICI.....