Regular Savings Accounts: The Best Currently Available List!

EachPenny

veryintrigued wrote: »

Now gone from their website.

Hopefully a new one will be along soon, now the old one has gone.

steve65e

veryintrigued wrote: »

That's a shame - but thanks for this as Ive not received any notification of the interest cut for this closed issue.

Only just over a year ago this was paying 3.1% (for years)!

I got the letter from them this morning. Yes, the issue started in 2005, so possible to have 40k in there.

skitskut

steve65e wrote: »

I got the letter from them this morning. Yes, the issue started in 2005, so possible to have 40k in there.

Nothing to stop you whacking in 40K in one hit!

veryintrigued

skitskut wrote: »

Nothing to stop you whacking in 40K in one hit!

You mean apart from the fact the T&Cs only allow £250 to be deposited per month.

skitskut

veryintrigued wrote: »

You mean apart from the fact the T&Cs only allow £250 to be deposited per month.

The T&Cs said you mustn't pay in more than £250 in one calendar month but if you did you'd just lose your bonus interest for the rest of that interest year.

Ed-1

skitskut wrote: »

The T&Cs said you mustn't pay in more than £250 in one calendar month but if you did you'd just lose your bonus interest for the rest of that interest year.

It's withdrawals that affect the bonus. You're allowed 2 withdrawals a year without losing the bonus. But you can't pay in more than £250 full stop.

veryintrigued

Ed-1 wrote: »

It's withdrawals that affect the bonus. You're allowed 2 withdrawals a year without losing the bonus. But you can't pay in more than £250 full stop.

I've just dug out some very dog eared paper T&Cs and skitskut is quoting correctly.

Other Notts RS have simply returned any overpayment back to my feeder account when I've mistakingly overpaid.

Its an interesting concept - I.e. accepting that you get 0.1% (without bonus) on the full balance until 30th September (when interest is paid) such that you can earn 1.5% from that point onwards.

Skitskut - appreciate your input - have you actually tried this?

skitskut

veryintrigued wrote: »

I've just dug out some very dog eared paper T&Cs and skitskut is quoting correctly.

Other Notts RS have simply returned any overpayment back to my feeder account when I've mistakingly overpaid.

Its an interesting concept - I.e. accepting that you get 0.1% (without bonus) on the full balance until 30th September (when interest is paid) such that you can earn 1.5% from that point onwards.

Skitskut - appreciate your input - have you actually tried this?

Yes, I used to pay in thousands towards the back end of September. But I have to come clean now and say the last time I tried it the money was returned so I guess they've closed that little loop hole now. Sorry I thought this was common practice - would have shared sooner.

Special_Saver2

Hi Everybody,

Here is this weekend's update.

- Nottingham BS Special Regular Saver 5 withdrawn and removed from post 3
- Virgin Money Regular E-Saver Issue 6 replaced with issue 7, same conditions as issue 6 but the maturity date is 20th October 2018, updated in post 3
- Virgin Money Regular Saver Issue 5 replaced with issue 6, same conditions as issue 5 but the maturity date is 1st October 2018, updated in post 3

I will do another update next weekend.

SS2

---

For those new to this thread, the first few posts are constantly updated and are here: http://forums.moneysavingexpert.com/...=608697&page=1

steve65e

skitskut wrote: »

Yes, I used to pay in thousands towards the back end of September. But I have to come clean now and say the last time I tried it the money was returned so I guess they've closed that little loop hole now. Sorry I thought this was common practice - would have shared sooner.

That's interesting, I hadn't thought of it before. A manager in another building society told me that until this year they had absolutely no system for detecting overpayments into Reg Savers, and that some people had been getting away with it for years.