Regular Saver Thread **New and Restarted**

glider3560

soulsaver wrote: »

Whilst it did (does?) say you have to be in the area, they've been allowing applicants for their reg saver from outside for sometime..

There was no residency requirement with Saffron.

You either had to open the account at a branch, or to have held an account for 6 months (used to be 12 months) to open an account by post.

soulsaver

Poor_Leno wrote: »

I've had a Saffron account open for ages just in case I ever needed to apply for its 3.5% (now 3%) saver. Unless they changed the terms, they allowed people outside the local area apply for that as long as you held an account with them for at least 6 months, so for ages I've had an easy access account open with £1 in it. If the rate's now dropped to 2.5% then I guess I'll need to look elsewhere when my nationwide saver stops, probably HSBC, which I didn't want to do as it means another sodding bank account!

It doesn't matter to you, but for others, they've been allowing applicants for their reg saver from outside (postal) for sometime..

polymaff

adindas wrote: »

Has anyone succesfuly changed the date of SO for HSBC group RSA (e.g HSBC,, M&S, first direct) ?

Yes, if you mean advanced the date, and all the baskets did was to hold onto the SO money until applying it to the RS on the original date.

polymaff

adindas wrote: »

Let say I managed to open HSBC RSA today 14/09/2019 and make the first payment. Could I change the SO to October 1, 2019 and continue this until maturity ?

IME, yes, but you wouldn't earn any extra interest, as HSBC would credit the funds to your RS on the 14th.


Can't comment on the SO source - other than ask HSBC.

Vortigern

adindas wrote: »

If my memory serves well I remember I tried to change the SO date on HSBC AC a few years ago but the system did not allow me to do that.

You can't amend to change the date on the SO. You can cancel the SO and create a new SO with a different date, but it won't do you any good.

polymaff

adindas wrote: »

I got quite confused here. If you change the SO date from September 14 (after securing the Sep Payment) to October 1 on HSBC current AC they must credit the the fund to RSA on the same day e.g October 1, otherwise where does the money go in between ??

If my memory serves well I remember I tried to change the SO date on HSBC AC a few years ago but the system did not allow me to do that.

1. into HSBC's hands, earning them interest.


2. I changed the SO in branch, after asking the cashier if I could advance the SO - only finding later that the cashier was half-right - i.e. the SO collect would be advanced, but not the credit.

SuperHans1

I opened a new HSBC regular saver towards the end of August and using the live chat in online banking I got them to change the payment date to the 1st of each month. So yes you can change the standing order date.

karlie88

I cancelled the SO for the last 2 months with my HSBC regular saver and did 2 x £250 manual transfers on the same day/2 months before the account was due to mature (for experimentation purposes ).

Interest was paid based on 12 monthly deposits having been made on the original date the account was opened.

So changing the SO date to the 1st and/or trying to squeeze in a 13th payment etc. won't earn any extra interest (unlike with Hali/BOS/Lloyds).

soulsaver

glider3560 wrote: »

There was no residency requirement with Saffron.

You either had to open the account at a branch, or to have held an account for 6 months (used to be 12 months) to open an account by post.

My point (accepting it wasn't well made) was you didn't need to hold an account for 6 months, or open in branch: Immediately after being acepted for the esaver on line, (contrary to their blurb) you could apply for the RS, on line too.

However for their anniversary RS you had to live in designated local post codes (and maybe in branch only?).

Middle_Sister

pdx123 wrote: »

Re. Monmouthshire Building Society

I opened a 3% Celebration Regular saver bond a couple of months ago and have just been in to open a 2.5% Regular saver bond - which I did.

Surprisingly I was also offered a 150th Birthday Regular saver bond paying 4% , so I opened one as well. Max. £150 a month, but it all helps.

I believe you only have till the 14th September to open this account. I tried to do it via secure message but was told it could only be opened at a branch.