Regular Savings Accounts: The Best Currently Available List!

Bridlington1

Bigwheels1111 said:

Does anyone know if these regular savers allow a 13th payment.
I have these and to my knowledge,
First Direct,           No
Coventry,              No
TSB,                     No
YBS,                    ?        

Skipton,               ?

Nationwide,         ?

YBS-No
Skipton-No
Nationwide-Yes

EDIT: Coventry FHS allows a 37th deposit over the 36 month term but RS Issue 5 and 7% Loyalty Regular Saver do not.

Bigwheels1111

Bridlington1 said:

Bigwheels1111 said:

Does anyone know if these regular savers allow a 13th payment.
I have these and to my knowledge,
First Direct,           No
Coventry,              No
TSB,                     No
YBS,                    ?        

Skipton,               ?

Nationwide,         ?

YBS-No
Skipton-No
Nationwide-Yes

EDIT: Coventry FHS allows a 37th deposit over the 36 month term but RS Issue 5 and 7% Loyalty Regular Saver do not.

Many thanks Bridlington1.

Kim_13

Bridlington1 said:

Bigwheels1111 said:

Does anyone know if these regular savers allow a 13th payment.
I have these and to my knowledge,
First Direct,           No
Coventry,              No
TSB,                     No
YBS,                    ?        

Skipton,               ?

Nationwide,         ?

YBS-No
Skipton-No
Nationwide-Yes

EDIT: Coventry FHS allows a 37th deposit over the 36 month term but RS Issue 5 and 7% Loyalty Regular Saver do not.

Skipton and YBS state maximum balances so would presumably allow a 13th subject to having the headroom within that.

Skipton however allow the carry forward of unused monthly allowances, so one would presumably pay in as soon as the funds were available rather than waiting for the 13th month.

Bigwheels1111

Kim_13 said:

Bridlington1 said:

Bigwheels1111 said:

Does anyone know if these regular savers allow a 13th payment.
I have these and to my knowledge,
First Direct,           No
Coventry,              No
TSB,                     No
YBS,                    ?        

Skipton,               ?

Nationwide,         ?

YBS-No
Skipton-No
Nationwide-Yes

EDIT: Coventry FHS allows a 37th deposit over the 36 month term but RS Issue 5 and 7% Loyalty Regular Saver do not.

Skipton and YBS state maximum balances so would presumably allow a 13th subject to having the headroom within that.

Skipton however allow the carry forward of unused monthly allowances, so one would presumably pay in as soon as the funds were available rather than waiting for the 13th month.

I open every one of them and make payment there and then.
Those that allow a payment on the first of the month I then fully fund them.
Even if it is the next day. To maximise my return.
FD and Coventry fix the date to the first payment date.
The six I have going should return around £780 I think I worked out.
Plus the funding account pay 5.2% on the residual funds.
£1750 a month 21k a year going round and round 😜
Only issue is I don’t have 21k spare.
If I worked the dates out correctly one or two will mature just before I run out of funding sources.

pokemaster

Gatehouse Bank Regular Saver 7% (paid at maturity)

£300 Max Per Month pay in

Source: Money Facts

gt94sss2

pokemaster said:

Gatehouse Bank Regular Saver 7% (paid at maturity)

£300 Max Per Month pay in

Source: Money Facts

https://www.gatehousebank.com/personal/savings/regular-saver/our-regular-saver-account

ForumUser7

pokemaster said:

Gatehouse Bank Regular Saver 7% (paid at maturity)

£300 Max Per Month pay in

Source: Money Facts

gt94sss2 said:

pokemaster said:

Gatehouse Bank Regular Saver 7% (paid at maturity)

£300 Max Per Month pay in

Source: Money Facts

https://www.gatehousebank.com/personal/savings/regular-saver/our-regular-saver-account

Thanks both.

If I open this account, it’d be my first one with a Sharia bank

Anything to be aware of with this, or gatehouse in general? Seen they were issued a fine by the FCA for poor anti money laundering checks https://www.fca.org.uk/news/press-releases/fca-fines-gatehouse-bank-1.5m-poor-anti-money-laundering-checks

Bigwheels1111

ForumUser7 said:

pokemaster said:

Gatehouse Bank Regular Saver 7% (paid at maturity)

£300 Max Per Month pay in

Source: Money Facts

gt94sss2 said:

pokemaster said:

Gatehouse Bank Regular Saver 7% (paid at maturity)

£300 Max Per Month pay in

Source: Money Facts

https://www.gatehousebank.com/personal/savings/regular-saver/our-regular-saver-account

Thanks both.

If I open this account, it’d be my first one with a Sharia bank

Anything to be aware of with this, or gatehouse in general? Seen they were issued a fine by the FCA for poor anti money laundering checks https://www.fca.org.uk/news/press-releases/fca-fines-gatehouse-bank-1.5m-poor-anti-money-laundering-checks

So have most banks,
https://www.skillcast.com/blog/20-biggest-fca-fines

Gatehouse are great, have a 5 year fixed with them and easy access.
Prompt payouts ie fixed rate due 21st November arrives 21st November.
Will now have a reg saver as soon as pc boots.

wmb194

The HSBC regular saver that I hadn't been making deposits to matured yesterday and the money was available for withdrawal this morning: interest has been paid in full with no penalty.

Bridlington1

pokemaster said:

Gatehouse Bank Regular Saver 7% (paid at maturity)

£300 Max Per Month pay in

Source: Money Facts

Worth noting that although the rate is variable, no withdrawals/closure are allowed until the end of the term, unless the rate is reduced.