Regular Savings Accounts: The Best Currently Available List!

Westie983

c-101 wrote: »

Hi hope someone can help me, have read back but can't find the answer I'm looking for.

I have recently opened a TSB reg saver, made a first deposit via FPI through a non tsb bank then set up a regular payment from same account but it's not gone in as a SO its gone in as another FPI, this is the 2nd payment I've made.

I'm aware that payments need to be made by SO to qualify for intrest, but only realised this after I made 1st payment, now I'm concerned as the regular payment I set up is showing as FPI, Will I qualify for intrest? Or would I be best to cancel the reg payment and set up a new SO from my TSB account. TIA for any help.

Same thing happened to me when I opened mine, spoke to TSB and they said the opening payment wont make a difference to the interest as it was part of her opening process. Advisor mentioned as long as the following payments are made by SO, to be safe I withdrew my first payment and replaced it by SO.

c-101

Westie983 wrote: »

Same thing happened to me when I opened mine, spoke to TSB and they said the opening payment wont make a difference to the interest as it was part of her opening process. Advisor mentioned as long as the following payments are made by SO, to be safe I withdrew my first payment and replaced it by SO.

Thanks for your reply, I spoke to tsb after 1st payment, advisor said wouldn't count for intrest as its gone in as FPI, so I hope my advisor was wrong with there info, that's why I'm concerned as its gone in again as FPI, I also asked if I took it back out and replaced it with a SO, advisor said I couldn't as already deposited and wouldn't count.

Do you think it would be wise to take the FPI payment out this month and send back in as a SO or just leave it there and set up a new SO for next month?

Gizmo70

c-101 wrote: »

Thanks for your reply, I spoke to tsb after 1st payment, advisor said wouldn't count for intrest as its gone in as FPI, so I hope my advisor was wrong with there info, that's why I'm concerned as its gone in again as FPI, I also asked if I took it back out and replaced it with a SO, advisor said I couldn't as already deposited and wouldn't count.

Do you think it would be wise to take the FPI payment out this month and send back in as a SO or just leave it there and set up a new SO for next month?

It may be worth double checking what the advisor told you as others have been told different (http://forums.moneysavingexpert.com/showpost.php?p=69275497&postcount=15)

Also for more ammunition when you speak to TSB, if you read the Faster Payments website (http://www.fasterpayments.org.uk/about-us/benefits-faster-payments) it describes that a Standing Order payment type can be made by the Faster Payments Service transfer method i.e. just because an SO is paid by FPS it doesn't stop it being an SO. In most cases, from 1st January 2012, payment service providers (e.g. banks) use the Faster Payments Service, rather than BACS, as their transfer method for Standing Orders to meet Regulation 70 of the The Payment Services Regulations 2009.

Hope that helps.

badger09

Barney1954 wrote: »

Chorley Sunshine Account

For those of you with this account with online access, please could you post how much interest accrued on the account?
Unfortunately, I'm unable to collect my cheque until next week.

veryintrigued wrote: »

£482.11 gross on a fully subscribed account.

The MSE calculator is normally pretty accurate for these things:

http://www.moneysavingexpert.com/savings/best-regular-savings-accounts?&_ga=1.203202456.803776318.1459365576#savingscalc

£481.67 gross here

My pigeon must have flown faster than yours:rotfl:

Its all still sitting in my account though:(

Special_Saver2

Hi Everybody,

I cannot find anything that has changed for this weekend's update.

For the Hanley Economic BS Home Deposit Saver account, I note bristolleedsfan's post suggesting that Hanley Economic BS only open accounts for locals but I could not find anything to confirm this on their website, including the terms and conditions for savings account document on this page: http://www.thehanley.co.uk/savings-accounts/savings-forms/

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: http://forums.moneysavingexpert.com/...=608697&page=1

Archi_Bald

veryintrigued wrote: »

£482.11 gross on a fully subscribed account.

badger09 wrote: »

£481.67 gross here

My pigeon must have flown faster than yours:rotfl:

Its all still sitting in my account though:(

£483.69 gross showing for me now, value date 2/4/2016, exactly 18 months after opening the account. My pigeon wins.

Odd that that they end up with different amounts.

badger09

badger09 wrote: »

£481.67 gross here

My pigeon must have flown faster than yours:rotfl:

Its all still sitting in my account though:(

In case anyone is interested:o, my Chorleian Saver (matured Chorley Sunshine Saver) is showing as Closed with 0 balance today.

Pigeon en route:p

Archi_Bald

That sounds promising - I hope mine will take off later today as well.

veryintrigued

badger09 wrote: »

In case anyone is interested:o, my Chorleian Saver (matured Chorley Sunshine Saver) is showing as Closed with 0 balance today.

Pigeon en route:p

I decided to instruct them to leave a small balance in my new Saver account but they haven't acted on the instruction yet as its still showing the full balance.


Update - now showing just the residual amount.


Update 2 - cheque received. Great service from Chorley.

Speculator

Cheque received today and I received £543.58 gross interest.


Mine was the Members version with slightly higher interest.