Regular Savings Accounts: The Best Currently Available List!

Nick_C

@francoghezzi

If you deposit today with a debit card, you won't start earning interest until next Tuesday. 

Far better to do a faster payment. 

GibbsRule_No3.

I set up the Nationwide 8% savings yesterday, transferred £200 from my normal account but hope I have now set up a SO from 2nd February going forward. It would not accept the SO for yesterday 31st January. Decided not to do it from the 1st Feb.

where_are_we

GibbsRule_No3. said:

I set up the Nationwide 8% savings yesterday, transferred £200 from my normal account but hope I have now set up a SO from 2nd February going forward. It would not accept the SO for yesterday 31st January. Decided not to do it from the 1st Feb.

Congatulations on making first deposit on last day of January meaning you can have £400 earning 8% from early February. Maximum deposit of £200 per "calendar month" allowed, so second deposit by SO for 31January would not be allowed and anyway it can take up to 2 "working days" to set up a SO. You would have been marginally better off doing your 2nd deposit manually by FP today 1st February than setting up your SO to start 2nd February. This way your SO`s would start on the 1st of March. When setting up your SO`s make your final payment for 1st January 2025 so that you manage to get in 13 payments. Obviously review your account and payments, if Nationwide reduce the variable interest rate. 

Above strategy gives you the best return and is a guide to best practice.

surreysaver

francoghezzi said:

I opened the Loyalty Skipton RS on January 11th and paid in immediately the first £250. Tonight I tried to send the second deposit but it was refused. Contrary to what stated by someone on this Forum it appears that the deposits are not per calendar month, so in my case I might wait till February 11th to be able to deposit again. Am I right? Anyone had the same experience?

I tried about 9 o'clock this morning. Same issue 

surreysaver

Nick_C said:

@francoghezzi

If you deposit today with a debit card, you won't start earning interest until next Tuesday. 

Far better to do a faster payment. 

I use a Halifax debit card as part of the spending £500 pm to obtain my £5 reward. I also use debit cards to pay into by Cambridge and Yorkshire regular savers 

Bobblehat

francoghezzi said:

Kim_13 said:

JamesRobinson48 said:

francoghezzi said:

I opened the Loyalty Skipton RS on January 11th and paid in immediately the first £250. Tonight I tried to send the second deposit but it was refused. Contrary to what stated by someone on this Forum it appears that the deposits are not per calendar month, so in my case I might wait till February 11th to be able to deposit again. Am I right? Anyone had the same experience?

If you try again in a few hours I'm confident it will work fine. I always fund this account on the first day of the month. Just not at 01:30 a.m.

This. Had the same a few months ago and it did go through in the morning.

Thanks both of you. Strange anyway. I deposited just after midnight to Gatehouse and Principality and the payment went through in an hour. Skipton refuses debiit card payments and Yorkshire BS is taking hours. That's why I thought Skipton was not calendar month, something like First Direct

If you are referring to the Skipton Member Regular Saver Issue 3, both the Product FAQ's and Product T&C's say it's calendar month ... in fact, the FAQ has a specific answer that states that ....

"Your £250 allowance refreshes on the 1st of each month."

My 1st Feb SO has left my CA today but is not yet showing in the RS .... I won't panic until tomorrow 

mebu60

Bobblehat said:

francoghezzi said:

Kim_13 said:

JamesRobinson48 said:

francoghezzi said:

I opened the Loyalty Skipton RS on January 11th and paid in immediately the first £250. Tonight I tried to send the second deposit but it was refused. Contrary to what stated by someone on this Forum it appears that the deposits are not per calendar month, so in my case I might wait till February 11th to be able to deposit again. Am I right? Anyone had the same experience?

If you try again in a few hours I'm confident it will work fine. I always fund this account on the first day of the month. Just not at 01:30 a.m.

This. Had the same a few months ago and it did go through in the morning.

Thanks both of you. Strange anyway. I deposited just after midnight to Gatehouse and Principality and the payment went through in an hour. Skipton refuses debiit card payments and Yorkshire BS is taking hours. That's why I thought Skipton was not calendar month, something like First Direct

If you are referring to the Skipton Member Regular Saver Issue 3, both the Product FAQ's and Product T&C's say it's calendar month ... in fact, the FAQ has a specific answer that states that ....

"Your £250 allowance refreshes on the 1st of each month."

My 1st Feb SO has left my CA today but is not yet showing in the RS .... I won't panic until tomorrow 

Mine transferred fine this morning via FP and is showing. Account opened 19 January. 

Bobblehat

mebu60 said:

Bobblehat said:

francoghezzi said:

Kim_13 said:

JamesRobinson48 said:

francoghezzi said:

I opened the Loyalty Skipton RS on January 11th and paid in immediately the first £250. Tonight I tried to send the second deposit but it was refused. Contrary to what stated by someone on this Forum it appears that the deposits are not per calendar month, so in my case I might wait till February 11th to be able to deposit again. Am I right? Anyone had the same experience?

If you try again in a few hours I'm confident it will work fine. I always fund this account on the first day of the month. Just not at 01:30 a.m.

This. Had the same a few months ago and it did go through in the morning.

Thanks both of you. Strange anyway. I deposited just after midnight to Gatehouse and Principality and the payment went through in an hour. Skipton refuses debiit card payments and Yorkshire BS is taking hours. That's why I thought Skipton was not calendar month, something like First Direct

If you are referring to the Skipton Member Regular Saver Issue 3, both the Product FAQ's and Product T&C's say it's calendar month ... in fact, the FAQ has a specific answer that states that ....

"Your £250 allowance refreshes on the 1st of each month."

My 1st Feb SO has left my CA today but is not yet showing in the RS .... I won't panic until tomorrow 

Mine transferred fine this morning via FP and is showing. Account opened 19 January. 

Now showing in the RS 

adindas

YBS Christmas Regular eSaver 2024. How many withdrawals are allowed ??

In the KPI it is stated:

"Withdrawals
The Christmas Regular eSaver 2024 account allows you unlimited number of withdrawals from your account on
one day during the term. Withdrawals are instant and if required you can close your account even if you have

used your withdrawal day"

It is stated "unlimited number of withdrawals", but it is also stated "on one day"

Does it mean 

- you could only make withdrawal on one particular day of your choice. ?? 

- In this particular day you could make unlimited number of withdrawals

- You cannot make another withdrawal on another date (?)

Is my understanding correct ? If this was the case it is quite odd calling it unlimited number of withdrawals. Any info lead will be very much appreciated.

thx

Speculator

adindas said:

YBS Christmas Regular eSaver 2024. How many withdrawals are allowed ??

In the KPI it is stated:

"Withdrawals
The Christmas Regular eSaver 2024 account allows you unlimited number of withdrawals from your account on
one day during the term. Withdrawals are instant and if required you can close your account even if you have

used your withdrawal day"

It is stated "unlimited number of withdrawals", but it is also stated "on one day"

Does it mean 

- you could only make withdrawal on one particular day of your choice. ?? 

- In this particular day you could make unlimited number of withdrawals

- You cannot make another withdrawal on another date (?)

Is my understanding correct ? If this was the case it is quite odd calling it unlimited number of withdrawals. Any info lead will be very much appreciated.

thx

yes, that's what it means.

My YBS 6 access E-ISA allows me to make withdrawals on 6 days of the year. Yesterday, I had to make two separate withdrawals (£1000 and £750) and used up one of my withdrawal days. I have 5 more days left.

I passed on the YBS and opened a TSB monthly instead because TSB offered 1 yr fixed rate and unlimited easy access.