Regular Savings Accounts: The Best Currently Available List!

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?

simonsmithsays

Buckingham building society

id be really obliged if anyone with one of their RS could advise when they receive their interest please as I stopped my monthly contributions some time ago when they came uncompetitive.

TIA

OneUser1

simonsmithsays said:

Buckingham building society

id be really obliged if anyone with one of their RS could advise when they receive their interest please as I stopped my monthly contributions some time ago when they came uncompetitive.

TIA

As of 8:35AM on New Years Day my interest is not showing when checking on-line.

Hattie627

simonsmithsays said:

Buckingham building society

id be really obliged if anyone with one of their RS could advise when they receive their interest please as I stopped my monthly contributions some time ago when they came uncompetitive.

TIA

Interest now showing on my two Buckinghamshire BS Regular Saver accounts (dated 31st Dec) 

OneUser1

OneUser1 said:

simonsmithsays said:

Buckingham building society

id be really obliged if anyone with one of their RS could advise when they receive their interest please as I stopped my monthly contributions some time ago when they came uncompetitive.

TIA

As of 8:35AM on New Years Day my interest is not showing when checking on-line.

But as of 11:23AM on New Years Day it is now showing. Balances updated on a Bank Holiday.

MichaelAP

ForumUser7 said:

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

If you are happy to use an App based compound interest calculator then I can recommend “Compound Interest Calc” found at https://apps.apple.com/gb/app/compound-interest-calc/id543747638

AmityNeon

MichaelAP said:

ForumUser7 said:

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

If you are happy to use an App based compound interest calculator then I can recommend “Compound Interest Calc” found at https://apps.apple.com/gb/app/compound-interest-calc/id543747638

I can't tell from the description/screenshots, but does that app allow additional deposits to be entered with variable amounts/frequency, as well as changes to interest rates (i.e. like a variable rate savings account), effectively mirroring a real account?