Regular Savings Accounts: The Best Currently Available List!

ctdctd

anna42hmr wrote: »

TSB have increased the rate on their monthly saver to 5% see

http://www.tsb.co.uk/savings/monthly-saver/

Good news and good spot.
Stupidly easy to open as an existing current account holder.

:T :beer: :T

gt94sss2

ctdctd wrote: »

Good news and good spot.
Stupidly easy to open as an existing current account holder.

Are you able to transfer the 1st payment to the account immediately?

I can't see how to do this - setting up a standing order only seems to be available from tomorrow..

Regards
Sunil

Archi_Bald

Payments must be made by SO. Earliest you can get an SO done (from TSB or other bank) is tomorrow.

2.1 You can only pay money into the Account by your Standing Order

http://www.tsb.co.uk/savings/monthly-saver/monthly-saver-terms-and-conditions.pdf

Steve_xx

gt94sss2 wrote: »

Are you able to transfer the 1st payment to the account immediately?

I can't see how to do this - setting up a standing order only seems to be available from tomorrow..

Regards
Sunil

Well just set it to go tomorrow.

Crag30

Correct me if I'm wrong as I've just done this as a TSB Current account holder.
I logged in and applied for the Regular Savings account, clicked the terms and conditions and it opened the account. Above setting up the standing order area, there is a check box to make your first deposit.

Steve_xx

Crag30 wrote: »

Correct me if I'm wrong as I've just done this as a TSB Current account holder.
I logged in and applied for the Regular Savings account, clicked the terms and conditions and it opened the account. Above setting up the standing order area, there is a check box to make your first deposit.

Just set an SO up to it from whichever bank or account you want to feed it with. It needs feeding with between £25 and £250.

saintalan

Archi_Bald wrote: »

Payments must be made by SO. Earliest you can get an SO done (from TSB or other bank) is tomorrow.

Not FD, renewed & paid mine on phone today but maybe it was a direct transaction by agent.

I wish I could have recorded it about 15 mins of boredom compared to TSB was dreadful!

Archi_Bald

If it went straight away, it was most likely a Faster Payment, not an SO.

There has been some discussion with the Lloyds Rep whether they can distinguish between SOs and FPs when the payments come from another bank. The Lloyds Rep said they could, and since the TSB system and terms are basically a clone of the Lloyds ones, I assume TSB can too. The T&Cs say you must pay by SO. I didn't want to risk breaking the T&Cs for the sake of 1 day's interest on £250 (about 3p before tax).

letThemPlay

I have a question about the TSB monthly saver; I was looking through the terms and conditions I noticed that the deposit period is calendar month. Would it be possible to open up an account towards the end of the month paying the first deposit; then change the standing order for the first of the month.

This is born out of curiosity more than anything but would like to hear peoples views on it.

Crag30

letThemPlay wrote: »

I have a question about the TSB monthly saver; I was looking through the terms and conditions I noticed that the deposit period is calendar month. Would it be possible to open up an account towards the end of the month paying the first deposit; then change the standing order for the first of the month.

This is born out of curiosity more than anything but would like to hear peoples views on it.

I didn't see that option. I selected a date of first payment, then selected monthly for the standing order, although there were options on frequency