Regular Savings Accounts: The Best Currently Available List!

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.

allegro120

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

That's how I understand it, can't see any hidden messages between the lines. Why would anyone want to make multiple withdrawals in one day from RS account? Deposit £150 and next day make 150 withdrawals? I don't understand the logic behind this feature.   

friolento

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

You have one withdrawal day during the term, on which you can make as many withdrawals as you want. In addition, you can also close the account even if you have used your withdrawal day.

Kim_13

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

Any number of withdrawals on one day - seems pointless to me. The logical use for such a setup would be a test payment followed by a large-ish withdrawal, but that doesn’t hold as a) YBS external payments don’t arrive until the next day, so you cannot confirm receipt of the funds and request more before your withdrawal day is over and b) COP. Which only leaves the use of withdrawing to several different current accounts - but all in all you might as well withdraw to an Internet Saver and make the payments from there as required, be that on one day or over a number.

If I were YBS I’d keep it simple - there must be customers who misread it (all their Regular Savers have it, I believe) and consequently think the withdrawal arrangements to be more generous than they are. 

adindas

Thanks. I fail to understand who on earth will need to do several withdrawals in one day considering you could only save £150 per month.

Say half way you would have saved 6X£150=£900. Who would want to spend time to do multiple withdrawals for such amount if he could just withdraw what he needs in one go. Also considering your time to do multiple withdrawals for such a tiny interest.

Have I missed something here. Is there any logic behind this such as soemone could benefit this "multiple withdrawals" but you only have one day window ??

AmityNeon

adindas said:

Thanks. I fail to understand who on earth will need to do several withdrawals in one day considering you could only save £150 per month.

Say half way you would have saved 6X£150=£900. Who would want to spend time to do multiple withdrawals for such amount if he could just withdraw what he needs in one go. Also considering your time to do multiple withdrawals for such a tiny interest.

Have I missed something here. Is there any logic behind this such as soemone could benefit this "multiple withdrawals" but you only have one day window ??

It's just another form of limited access, slightly more flexible than single access. I doubt it's oft availed, but sometimes not everything goes to plan during the day, or mistakes are made.

allegro120

adindas said:

Thanks. I fail to understand who on earth will need to do several withdrawals in one day considering you could only save £150 per month.

Say half way you would have saved 6X£150=£900. Who would want to spend time to do multiple withdrawals for such amount if he could just withdraw what he needs in one go. Also considering your time to do multiple withdrawals for such a tiny interest.

Have I missed something here. Is there any logic behind this such as soemone could benefit this "multiple withdrawals" but you only have one day window ??

I don't know what the minimum withdrawal amount is at YBS.  If it is 1p then in the scenario above one can attempt the challenge to make 90.000 withdrawals in 24 hours, if it's £1 then it's only 900. If one can do three £1 withdrawals per minute they can complete the mission in 5 hours shift.  Not sure how YBS can possibly benefit from encouraging irrational behaviours of their customers???