Regular Savings Accounts: The Best Currently Available List!

adindas

Deleted_User wrote: »

HSBC Regular Saver payment date can be changed. I have done it and HSBC confirmed that account is still a RS.

Well they might apply some tolerance.

I remember I have called and have specifically asked this a few times and the answer is "no you can not changed to SO dates".

Also to be in the saver side people might want try to ask them to change it (rather them doing it themselves) they will refuse to change and tell you that you can not change it. It is my personal expereince.

Ed-1

adindas wrote: »

Also to be in the saver side people might want try to ask them to change it (rather them doing it themselves) they will refuse to change and tell you that you can not change it. It is my personal expereince.

You can't amend an existing standing order but you can delete it and set up a new one .

eskbanker

adindas wrote: »

I remember I have called and have specifically asked this a few times and the answer is "no you can not changed to SO dates".

Unsurprising then that it can take a while to get through to banks on the phone if they're being clogged up by people repeatedly asking the same question in the hope of a different answer!



* Yes, I know there's doubt about whose quote this actually is....

[Deleted User]

Westie983 wrote: »

Thats what I cant understand, as all the first opening credit will be by cheques as this is how the account is opened, I think ill call them on Monday to ask, its very confusing, I want to pay by cheque but cant guarantee it will be the same date each month...

This might help. My first payment to Buckinghamshire BS Simple Regular Saver was by cheque, credited to the account on 2 September. I received a letter dated 2 September from BBS, saying:-

"Thank you for your completed application form and we are able to confirm that a new Simple Regular Saver account has now been opened for you.
We advise that the open date {sic} is 02/09/2016 and the next payment into the account is due to arrive by the last date of next month {ie 31 October]. Your first payment which you sent by cheque was for the month of SEPTEMBER. Your second payment by standing order (if you wish to pay this way) will be for OCTOBER"

[Deleted User]

JamesRobinson48 wrote: »

Thanks all for great feedback on the Holmesdale RS. I can now see that it has real shortcomings as a RS product. However I'm content to have applied since, as this building society's only branch is close to my home, I'm willing to cut them a little slack to start with.

I've also taken a punt on this one, in the full knowledge that the variable rate, currently 2%, can go down before the one year term ends. Even if the rate goes down to (say) 1.5%, it would not be a disaster on a maximum of £3000 for up to one year. It is more likely that the rate will drop from 2% to 1.75% (rather than 1.5%)-as was the case with the recent Yorkshire BS drop from 2% to 1.75%-which would still be better than keeping the money in (eg) Santander 123 at 1.5%.

However, people need to go into these things in full understanding that the rate is not fixed, if that is the case.

Roland_Flagg

Sorry if asked before (long thread):

I have a Leeds Reg Saver Issue 3, which seems to have been discontinued. Am I still getting 3.05% on that, if I don't withdraw?

Secondly, can I open the new Issue 4 as well as having Issue 3?

[Deleted User]

Roland_Flagg wrote: »

Sorry if asked before (long thread):

I have a Leeds Reg Saver Issue 3, which seems to have been discontinued. Am I still getting 3.05% on that, if I don't withdraw?

Secondly, can I open the new Issue 4 as well as having Issue 3?

Yes. Rate still 3.05% on Issue 3.

Yes, you can have Issue 4. I have both.

Wheres_My_Cashback

adindas wrote: »

AFAIK Vast of majority of RSAs product allow the people to change the SO dates and only a handful do not allow mostly from HSBC affiliated products e.g. HSBC, FD and M&S.

I also prefer the SO date to be the 1st of each month as:
- It is easy to control and to observe a
- It is easy to keep on eye on the balance of the Bank A/C where the SOs are taken.

I have changed S/O dates with the HSBC RS for the past 2 years and not encountered any problems.

karlie88

Deleted_User wrote: »

I've also taken a punt on this one, in the full knowledge that the variable rate, currently 2%, can go down before the one year term ends. Even if the rate goes down to (say) 1.5%, it would not be a disaster on a maximum of £3000 for up to one year. It is more likely that the rate will drop from 2% to 1.75% (rather than 1.5%)-as was the case with the recent Yorkshire BS drop from 2% to 1.75%-which would still be better than keeping the money in (eg) Santander 123 at 1.5%.

However, people need to go into these things in full understanding that the rate is not fixed, if that is the case.

Can't believe we're even contemplating 2% variable RSs with £250 monthly deposits over 12 months - £30 in interest over the term, if we're lucky...

If you told me a year ago that I would be (slightly) excited by Leeds BS's 2.3% reg saver then I would've been :rotfl:

adindas

eskbanker wrote: »

Unsurprising then that it can take a while to get through to banks on the phone if they're being clogged up by people repeatedly asking the same question in the hope of a different answer!

Well, when involving bank CSs, it is not uncommon that you do get a different answer from different agents ...