Regular Savings Accounts: The Best Currently Available List!

JamesRobinson48

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.

adindas

JamesRobinson48 wrote: »

When I opened my Leeds RS Issue 4 in my local branch last week, the cashier told me there is no problem at all setting up my STO for the 1st of each month.

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.

Speculator

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.

and Santander Regular eSaver.

schiff

Speculator wrote: »

and Santander Regular eSaver.

To clarify this (with respect!), Santander RS is geared to the date in the month the account is opened and this can't be changed.

mgarl10024

Special_Saver2 wrote: »

I will do another update next weekend.

SS2

Hi SS2.

Thanks for all the effort you put in to this thread.

Special_Saver2 wrote: »

Yorkshire BS Monthly Regular Saver

Interest rate: 2% gross p.a. variable (dropping to 1.75% from 2nd September 2016)

It might be worth updating this now as the date has passed?

[Deleted User]

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

patientperson

The interest rate has decreased from 2.5% to 2.25%.

I noticed this on their website.

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....