Regular Saver Thread **New and Restarted**

AirlieBird

ek786 wrote: »

how can i find out what work pensions i have. I have lots all my paper work.

Pension Tracing Service
https://www.gov.uk/find-pension-contact-details

karlie88

Early days I know, but has anyone received a cheque from Chorley BS for their matured RS? Mine matured on Thursday. Sent my maturity instructions 3 weeks ago. Will see what tomorrow's post will bring.

I may have to phone them up if nothing arrives tomorrow.

schiff

karlie88 wrote: »

Early days I know, but has anyone received a cheque from Chorley BS for their matured RS? Mine matured on Thursday. Sent my maturity instructions 3 weeks ago. Will see what tomorrow's post will bring.

I may have to phone them up if nothing arrives tomorrow.

You could have had it by faster payment, probably on the day.

I had a cheque for £6500 odd from Chorley BS last Thursday as there was no alternative. Paid it in at a branch of my bank the same day and it's still not cleared. That's £1.35 in lost interest. It will obviously be better when the new regime for cheque clearance comes into effect.

ctdctd

karlie88 wrote: »

Early days I know, but has anyone received a cheque from Chorley BS for their matured RS? Mine matured on Thursday. Sent my maturity instructions 3 weeks ago. Will see what tomorrow's post will bring.

I may have to phone them up if nothing arrives tomorrow.

My cheque arrived 1st class on Saturday.

aj23_2

schiff wrote: »

You could have had it by faster payment, probably on the day.

I had a cheque for £6500 odd from Chorley BS last Thursday as there was no alternative. Paid it in at a branch of my bank the same day and it's still not cleared. That's £1.35 in lost interest. It will obviously be better when the new regime for cheque clearance comes into effect.

I'm sure you can live without the £1.35 if you had a cheque for £6,500 lol. And the new 'regime' is already in place if you deposit by photo imagery apparently. Not that I would.

aj23_2

ek786 wrote: »

how can i find out what work pensions i have. I have lots all my paper work.

Start a new thread, this is about Regular Savers, not Pensions.

eskbanker

schiff wrote: »

lightbulb2760 wrote: »

Slightly off topic, but in the feeder account section, the TSB Classic Vantage rate will be increased from 3% to 5% from 2nd May, until further notice. This is as a result of the recent and ongoing problems with TSB's online banking website.

I assume this is the TSB Classic account? I don't think they have Vantage accounts?

Good news like that removes all problems of it being off topic!

It's actually the Classic Plus account, their (different) Classic account doesn't pay interest....

sush40

Hi,

I already have a Regular Saver with Santander (I bank with them) and I'm thinking opening a 2nd Saving account (at the moment I can save more than 200/month). I was looking at other reg. savers but, most of the time, you need to bank with them to open one. So

I'm thinking opening a HelpToBuy ISA with Barclays (2.5% on up to 200/month) as a regular saver. What do you think about this option? It might not be the best Regular saver around (i know it's not one, but it works the same?) but:
- you dont need to bank with Barclays to open it
- also, as opposed to a Reg saver, it doesn't 'mature' after 12 months.
Which means high rate on a bigger deposit after 12 months.
- during the 1st month, you can earn 2.5% on £1200 instead of £200/£250 with other reg. savers (deposit of 1200 allowed when opening the account)
- at the moment I'm not thinking of buying, but the bonus could be a 'plus' if I decided to buy a house in the future.

Am I right to think so? Why the HTB ISA is not recommended when people look for a good Regular Saver account? I think it could be a good alternative to current Regular savers as it doesn't mature after 12 months.

aj23_2

sush40 wrote: »

Hi,

I already have a Regular Saver with Santander (I bank with them) and I'm thinking opening a 2nd Saving account (at the moment I can save more than 200/month). I was looking at other reg. savers but, most of the time, you need to bank with them to open one. So

I'm thinking opening a HelpToBuy ISA with Barclays (2.5% on up to 200/month) as a regular saver. What do you think about this option? It might not be the best Regular saver around (i know it's not one, but it works the same?) but:
- you dont need to bank with Barclays to open it
- also, as opposed to a Reg saver, it doesn't 'mature' after 12 months.
Which means high rate on a bigger deposit after 12 months.
- during the 1st month, you can earn 2.5% on £1200 instead of £200/£250 with other reg. savers (deposit of 1200 allowed when opening the account)
- at the moment I'm not thinking of buying, but the bonus could be a 'plus' if I decided to buy a house in the future.

Am I right to think so? Why the HTB ISA is not recommended when people look for a good Regular Saver account? I think it could be a good alternative to current Regular savers as it doesn't mature after 12 months.

Building Societies. Most do them.

I opened my H2B ISA when it was 4% and it still is 4% 2 years later. I wouldn't bother with the 1.5% and 25 on offer. Can get more by doing it other ways. However, the H2B ISA can be deposited into every year. Most RS's are for 12 months.

ValiantSon

sush40 wrote: »

Hi,

I already have a Regular Saver with Santander (I bank with them) and I'm thinking opening a 2nd Saving account (at the moment I can save more than 200/month). I was looking at other reg. savers but, most of the time, you need to bank with them to open one. So

I'm thinking opening a HelpToBuy ISA with Barclays (2.5% on up to 200/month) as a regular saver. What do you think about this option? It might not be the best Regular saver around (i know it's not one, but it works the same?) but:
- you dont need to bank with Barclays to open it
- also, as opposed to a Reg saver, it doesn't 'mature' after 12 months.
Which means high rate on a bigger deposit after 12 months.
- during the 1st month, you can earn 2.5% on £1200 instead of £200/£250 with other reg. savers (deposit of 1200 allowed when opening the account)
- at the moment I'm not thinking of buying, but the bonus could be a 'plus' if I decided to buy a house in the future.

Am I right to think so? Why the HTB ISA is not recommended when people look for a good Regular Saver account? I think it could be a good alternative to current Regular savers as it doesn't mature after 12 months.

You could open a regular saver with Leeds Building Society, which pays 2.55% on up to £250 per month, and there is no requirement to have other accounts with them. Likewise, Virgin Money pay 2.25% on up to £250 per month in their regular saver.

You could also open a Nationwide FlexDirect account and deposit £2,500 in there, earning 5% for the first twelve months (beats your HTB suggestion) and open the linked regular saver, paying 5% on up to £250 per month. If you know someone with a Nationwide account already, then you can each get £100 through their refer a friend scheme, if you switch an account with two active direct debits. Opening a second account with Santander should be easy for this purpose, with two direct debits shifted into it for the purposes of switching.

Depending on where you live, you could also benefit from regular savers from other building societies that require you to open in branch:

Saffron Building Society (London, Essex, Hertfordshire, Suffolk, Norfolk) pays 3.5% on up to £200 per month.

Kent Reliance (Kent, West Sussex, Hampshire) pays 3% on up to £500 per month.