MSE News: Car giant Ford gears up to launch market-leading regular savings

ctdctd

Mr_K wrote: »

Well actually you could out of a S&S isa, it only takes a couple of days to sell. But you can't with a reg. saver, another drawback of these over rated accounts.

As I said, it's all a risk balance. If you needed your S&S isa money during a market crash, it could well drop 20% before your instruction to sell could be executed.
Some regular savers allow withdrawals, some don't, all protect your capital.

EachPenny

Mr_K wrote: »

But you can't with a reg. saver, another drawback of these over rated accounts.

Perhaps you should research the market a bit more - some RS accounts allow instant access. And that does mean 'instant', not in a few days time.

Anyway, having a balanced approach is the important bit - if people decide to hold some cash then regular savers are a good place to put it.

schiff

EachPenny wrote: »

Perhaps you should research the market a bit more - some RS accounts allow instant access. And that does mean 'instant', not in a few days time.

Anyway, having a balanced approach is the important bit - if people decide to hold some cash then regular savers are a good place to put it.

If regular savers didn't exist what would we do for reading matter to fill the void left by the cessation of the thousands of posts about them, to say nothing of the technical discussions about the naughty comma?

It could mean War and Peace all over again

EachPenny

schiff wrote: »

If regular savers didn't exist what would we do for reading matter to fill the void left by the cessation of the thousands of posts about them, to say nothing of the technical discussions about the naughty comma?

The comma was never naughty, it was just missing

I hope we'd still have Natwest's Savings Builder to talk about, so War and Peace could stay on the bookshelf.

beefturnmail

Has anyone managed to put 2 months payment into the ISA? (i.e. a May payment and a June payment)- the t&c just say 'month', but doesn't make clear if this is calendar or anniversary month.

gilly56

Others here have said it's the anniversary date of opening of the account when you can add more each month. You could try but it would likely not be accepted. I couldn't find (in the T&Cs) any clarity on this but am happy to wait until the anniversary dates.

Steve_xx

gilly56 wrote: »

Others here have said it's the anniversary date of opening of the account when you can add more each month.

Apparently not. It is the anniversary of when you make the first deposit, regardless of the date on which the account was opened.

EachPenny

gilly56 wrote: »

Others here have said it's the anniversary date of opening of the account when you can add more each month. You could try but it would likely not be accepted. I couldn't find (in the T&Cs) any clarity on this but am happy to wait until the anniversary dates.

The non-ISA RS T&C's specifically state "There is no limit to the number of deposits you can make per anniversary month..."

The equivalent section of the ISA RS T&C's states:
"There is no limit to the number of deposits you can make each month as long as you don’t exceed £250 in total over a month..."
- but I cannot see a definition of 'month' anywhere in the ISA RS T&C's.

Make of that what you will.

Steve_xx

EachPenny wrote: »

The non-ISA RS T&C's specifically state "There is no limit to the number of deposits you can make per anniversary month..."

The equivalent section of the ISA RS T&C's states:
"There is no limit to the number of deposits you can make each month as long as you don’t exceed £250 in total over a month..."
- but I cannot see a definition of 'month' anywhere in the ISA RS T&C's.

Make of that what you will.

The answer I gave on post #238 is that that I was given by their agent.

adindas

beefturnmail wrote: »

Has anyone managed to put 2 months payment into the ISA? (i.e. a May payment and a June payment)- the t&c just say 'month', but doesn't make clear if this is calendar or anniversary month.

I do not think anyone manage to do that. Algorithm will pick up if you put two payments in a month. As other have explained the month is running from the first payment until anniversary date the following month.