Regular Saver Thread **New and Restarted**

patientperson

This is not in the list of SS .. Issue 17 is in the list.

I opened issue 18 early in Feb 2018 so it is not really so new.

Min £20 pm / Max £500 pm - 2%.
Open in Branch, Online or by Post.

http://www.principality.co.uk/en/savings-accounts/fixed-term-savings-and-bonds/1-year-regular-saver-bond

teddysmum

adindas wrote: »

I understand that the payment to LBG Monthly saver will need to be made by standing order up to maximum of £250 (or £300 for Club Lloyds MS).

If for instance I paid £25 on day 1 to LBG MS in particular month. Would it be possible change the SO date to a later date on this particular month and add another £225 by standing order ?

Thanks

Check the T&Cs, as Nationwide allowed me to start near the end of March and then pay in early the next month and onwards, with a 13th getting just a few days short of a month. This was because they have no limit on the amount in the account. However, it was not possible with TSB as they had a target amount covered by 12 payments.

polymaff

teddysmum wrote: »

Check the T&Cs, as Nationwide allowed me to start near the end of March and then pay in early the next month and onwards, with a 13th getting just a few days short of a month. This was because they have no limit on the amount in the account. However, it was not possible with TSB as they had a target amount covered by 12 payments.

More to the point, Nationwide also credits extra interest to the account !

HSBC also allows you to pay in earlier and so rack up 13 payments - but they treat the brought-forward payments as an interest free loan to themselves - in spite of their T&Cs.:(:(

AirlieBird

adindas wrote: »

I understand that the payment to LBG Monthly saver will need to be made by standing order up to maximum of £250 (or £300 for Club Lloyds MS).

If for instance I paid £25 on day 1 to LBG MS in particular month. Would it be possible change the SO date to a later date on this particular month and add another £225 by standing order ?

Thanks

I know you can change the date of the SO, but I believe that you can only make 1 payment per calendar month.

And its £400 a month for club lloyds

Westie983

adindas wrote: »

Thanks.
Regarding changing the SO date, I have done that a few times.
But about multiple payments with SO is not allowed; do they specifically mention about this ??
Also what happen if people are doing this ??

Thanks again

LBG say you can fund the account by standing order so this is one standing order per months for an amount between £25 - £400, you can change the SO date within the month but only one payment to hit the account before the 25th of the month.
https://www.lloydsbank.com/savings/club-lloyds-monthly-saver.asp

Westie983

Speculator

adindas wrote: »

Thanks.
Regarding changing the SO date, I have done that a few times.
But about multiple payments with SO is not allowed; do they specifically mention about this ??
Also what happen if people are doing this ??

Thanks again

reply from Lloyds via Twitter.

"Hi, I'm DU. Only one standing order can be paid to the account per month."

Emily_Joy

Speculator wrote: »

reply from Lloyds via Twitter.

"Hi, I'm DU. Only one standing order can be paid to the account per month."

Is it a calendar month or statement to statement or the last working day to the last working day? ...

polymaff

Emily_Joy wrote: »

Is it a calendar month or statement to statement or the last working day to the last working day? ...

You must set up a standing order to pay an amount of between £25
and £400 into the Account each calendar month it is open. You should
arrange for the first of these payments to take place within 30 days of
opening the Account.

Club Lloyds Monthly Saver account conditions



You must agree to set up a standing order into the Account for one
payment of between £25 and £250 each calendar month the Account
is open (your 'Standing Order'), the first being within 30 days of you
opening the Account.

Monthly Saver account conditions

Special_Saver2

Hi Folks,

I have made the following change for this weekend's update.

- Principality BS 1 Year Regular Saver Bond updated from issue 17 to issue 18 (no chnages to terms and conditions as far as I can see)

I will do another update next weekend.

SS2

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For those new to this thread, the first few posts are constantly updated and are here

chiefnoodle

Help to Save is now open, for those who are eligible (receiving Tax credits) it easily beats any regular saver, with interest of 44.5% (not a typo), see here
http://forums.moneysavingexpert.com/showthread.php?t=5827120