Regular Savings Accounts: The Best Currently Available List!

studentsaver_88

eskbanker wrote: »

As mentioned in post #6863 further up the page, it'll help if you make it clear exactly which post you're replying to, as it really isn't obvious (to me at least) which of the many thousands of posts (or which 3% account or bank/website) you're referring to....

My apologies for not doing that. I was talking about chip, however have since found the link.

Speculator

YorkshireBoy wrote: »

I'd make one in January, for 3 reasons:

1. The T&Cs don't mention a penalty for double funding.
2. It's the standing order that must reach the account by the 25th of the month, not the initial transfer.
3. The BOS helpline CSA seems to agree about point 2, and you made a note of the date/time/name.

Thanks. I called them again and he confirmed that I am allowed to make a payment in January.

He also confirmed your point 2 is correct. Standing orders need to reach the account before the 25th, but this does not apply to the intial transfer.

Speculator

Just opened the Halifax Regular Saver and called again to make sure it would be okay to have both BOS and Halifax Reg at the same time. Also asked her if a Jan payment would be okay. She went off to speak with her supervisor and confirmed it was definitely fine to make a Jan payment.

Special_Saver2

Hi Folks,

Happy New Year!

Here is this weekend's update. I have not found any changes for now. I have checked out the Holmesdale account mentioned in one of the posts above and it still does not meet the criteria for inclusion in the list on the first page.

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

andi2

Deleted_User wrote: »

Update

When my Virgin Money Regular E Saver Issue 1 matured on 20 October, the sum of £3,582.27 was transferred to my nominated account. This was an overpayment of £35.83 due to an error by Virgin Money by double-paying the final interest. On maturity the RS changed to an easy access account showing a debit balance of £35.83. The maturity instructions which I had submitted before maturity had asked for the maturity account to be closed.
I expected to hear from Virgin Money either by letter or secure message or phone call to the effect that there had been an error on their part but heard nothing. I became anxious that interest might be running on the debit balance so, after 10 days of nothing happening, I sent a secure message on Monday 30 October asking what was happening. I received a reply on Friday 3 November in which Virgin Money accepted that they had made an error in calculating the maturity figure and asking me to send a payment of £35.83 to the maturity account to bring the balance to zero. I replied to the effect that I had been caused worry and anxiety by their error (which I had not contributed to in any way) and their failure to do anything about it until I contacted them on 30 October, with a further delay of 5 days for an acknowledgement by them of their error. They replied today saying that they will write off the £35.83.

Thanks for updating - they have managed to do the same to my Issue 2 that matured on 20th December (& to my husband's). Have sent them a message - will see what they come back with.

MDMD

Speculator wrote: »

Just opened the Halifax Regular Saver and called again to make sure it would be okay to have both BOS and Halifax Reg at the same time. Also asked her if a Jan payment would be okay. She went off to speak with her supervisor and confirmed it was definitely fine to make a Jan payment.

I did the same, opened up a Halifax RS on 31 Dec, paid in the amount on 31 Dec, showing on statement as 2 Jan but with 31 Dec in the description. SO went out this morning......and was immediately returned. I’m not sure I can be bothered to argue with them as I’m trying to cut down on the number of accounts I hold. So might just close it.

Speculator

MDMD wrote: »

I did the same, opened up a Halifax RS on 31 Dec, paid in the amount on 31 Dec, showing on statement as 2 Jan but with 31 Dec in the description. SO went out this morning......and was immediately returned. I’m not sure I can be bothered to argue with them as I’m trying to cut down on the number of accounts I hold. So might just close it.

Same. On the phone to them now.

Edit: Just to update. Looks like I was given the wrong info from the previous advisors.

Basically, standing orders or initial internal transfers made after the 25th is counted as the following months payment.

Todays standing order payment wasn't credited to the monthly/regular saver accounts. It bounced straight back and will not affect the interest I will get when it matures.

studentsaver_88

Just a thankyou to all those that keep this thread upto date I found some gems.

ToTo_Man

For those who have a Bank of Scotland or Halifax 2% or 2.5% monthly saver, must the account be funded by SO only or are internal transfers ok too? I've funded my monthly saver manually online by internal transfer from my Bank Of Scotland Current Account on the 1st of each month since I opened it in October 2017 but have just noticed the T&Cs state it should be funded by SO. Am I in violation of the T&Cs? I'm so used to funding my Nationwide monthly saver this way I assumed it was fine for other banks too.

Snowbelle

Speculator wrote: »

Same. On the phone to them now.

Edit: Just to update. Looks like I was given the wrong info from the previous advisors.

Basically, standing orders or initial internal transfers made after the 25th is counted as the following months payment.

Todays standing order payment wasn't credited to the monthly/regular saver accounts. It bounced straight back and will not affect the interest I will get when it matures.

Just read this with interest and checked my account. I opened one on 28th December and transferred in the initial payment. I set up a SO for 1st of each month and this has been credited to the account today.