Regular Savings Accounts: The Best Currently Available List!

Kim_13

Emily_Joy said:

janusdesign said:

Emily_Joy said:

Re: Cambridge Instant Access - those who have it - was it easy to open one online? I am struggling

how about opening a "Your Saver" instead - higher rate (4.65%), same deposit (£100) and you can open it online - I have one myself, but only have that minimal balance in.

This is precisely what I tried to do - opening "your saver" account. No luck The message I get is:
The application is currently unavailable
We are currently experiencing some problems and are unable to continue with your application. Please try again later. If you have a question about your application, please call us. Thank you for your patience.

I had some kind of issue also, it wasn’t clear that the application had gone through successfully but the initial deposit was being held on my debit card. I contacted them via private message on social media and they had someone look into it. They phoned me within an hour or so to say that it had all gone through fine and that my account was open.

subjecttocontract

Wheres_My_Cashback said:

subjecttocontract said:

I've got a Tipton & Coseley regular saver iss3 that I took out in September........why would that be paying interest in December ? I thought the interest was added to the account at the end of the term.

That's why you should always read the summary when opening accounts.

Why? BS operate various ways, some work to calendar years, some work to society years, but they will all also work to tax years.

Interest can be payable at anytime, many pay at their determined point as well as at maturity/closure.

Tipton & Coseley reg saver iss 3 don't do online access and I don't do apps so have no idea what the interest payments is. No matter, it's 6.2%, is likely to be small and I can wait until it matures. 

where_are_we

Ok - some RS`s pay interest mid term. I always select interest to be held in the RS. I presume this interest is compounded until maturity?

Sea_Shell

Sorry if this has been asked before, re  6% TSB Monthly Saver.

Do you HAVE to fund by one Standing order per month, with no ad hoc payments allowed.   I know that's what the T&Cs say, but does that actually mean if you want to pay in £250 per month, it HAS to be by one SO for the full amount.    (Unlike Lloyds, where I do £25 by SO and then make the extra separately.

If so, It'll mean a lot of money shuffling as we don't actively use our TSB current account.

allegro120

Sea_Shell said:

Sorry if this has been asked before, re  6% TSB Monthly Saver.

Do you HAVE to fund by one Standing order per month, with no ad hoc payments allowed.   I know that's what the T&Cs say, but does that actually mean if you want to pay in £250 per month, it HAS to be by one SO for the full amount.    (Unlike Lloyds, where I do £25 by SO and then make the extra separately.

If so, It'll mean a lot of money shuffling as we don't actively use our TSB current account.

I paid by FP from another bank and that was fine.  Don't know how strict "only one payment per month" rule is, I've never tried multiple payments.

Sea_Shell

allegro120 said:

Sea_Shell said:

Sorry if this has been asked before, re  6% TSB Monthly Saver.

Do you HAVE to fund by one Standing order per month, with no ad hoc payments allowed.   I know that's what the T&Cs say, but does that actually mean if you want to pay in £250 per month, it HAS to be by one SO for the full amount.    (Unlike Lloyds, where I do £25 by SO and then make the extra separately.

If so, It'll mean a lot of money shuffling as we don't actively use our TSB current account.

I paid by FP from another bank and that was fine.  Don't know how strict "only one payment per month" rule is, I've never tried multiple payments.

So you make 1 payment by FP for the full amount that you want to save each month, and don't have a standing order set up at all from a TSB current account?

Have you actually received the full maturity interest yet doing that?     

I'd hate to get to the end and they go "sorry, you've not met the T&Cs, so you've earned a big fat 0%"

trickydicky14

Sea_Shell said:

allegro120 said:

Sea_Shell said:

Sorry if this has been asked before, re  6% TSB Monthly Saver.

Do you HAVE to fund by one Standing order per month, with no ad hoc payments allowed.   I know that's what the T&Cs say, but does that actually mean if you want to pay in £250 per month, it HAS to be by one SO for the full amount.    (Unlike Lloyds, where I do £25 by SO and then make the extra separately.

If so, It'll mean a lot of money shuffling as we don't actively use our TSB current account.

I paid by FP from another bank and that was fine.  Don't know how strict "only one payment per month" rule is, I've never tried multiple payments.

So you make 1 payment by FP for the full amount that you want to save each month, and don't have a standing order set up at all from a TSB current account?

Have you actually received the full maturity interest yet doing that?     

I'd hate to get to the end and they go "sorry, you've not met the T&Cs, so you've earned a big fat 0%"

I would have thought that if you had not met the T&C regarding paying in, TSB would bounce your payment back to your bank. If they keep your money, I would say they would be obliged to pay you your interest.

But that’s me thinking out loud.

allegro120

Sea_Shell said:

allegro120 said:

Sea_Shell said:

Sorry if this has been asked before, re  6% TSB Monthly Saver.

Do you HAVE to fund by one Standing order per month, with no ad hoc payments allowed.   I know that's what the T&Cs say, but does that actually mean if you want to pay in £250 per month, it HAS to be by one SO for the full amount.    (Unlike Lloyds, where I do £25 by SO and then make the extra separately.

If so, It'll mean a lot of money shuffling as we don't actively use our TSB current account.

I paid by FP from another bank and that was fine.  Don't know how strict "only one payment per month" rule is, I've never tried multiple payments.

So you make 1 payment by FP for the full amount that you want to save each month, and don't have a standing order set up at all from a TSB current account?

Have you actually received the full maturity interest yet doing that?     

I'd hate to get to the end and they go "sorry, you've not met the T&Cs, so you've earned a big fat 0%"

Yes, I did. I closed this account a few months ago because it paid 5%, so not entirely sure if this still stands since they've changed the rate. When I closed the account I got all interest accrued to date. 

ForumUser7

Bath BS interest paid today and already showing in the app.

Anyone know of a tool, other than https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php, into which we can put the date of transactions, the transaction amount, and the rate of interest between certain dates to check the right amount was paid please? Thanks

ForumUser7

Noticed some of these payments from building societies are dated 30th dec not 31st which is a bit odd. Anyone know why this is? Have they been pro-rated?