Regular Savings Accounts: The Best Currently Available List!

thefrank

TheBanker said:

I have a question about the First Direct regular saver.

It says that if you haven't paid in the maximum £300 per month, you can make up the missed payments. But how do you actually do this, there's no option to make an ad-hoc transfer. I reduced my SO to £25 in January as I was a bit short. The SO is now back to £300 but I would like to pay in the missed £550 (Jan and Feb underpayments of £275 each). But can't see how to do this?

You can top up more than only a month by simply calling them or chatting through the App
 Next payment will be 300 plus the amount missing (275 plus 275) as long as you request it. You can top up ALL the money missing, not only last month's sum

E_zroda

E_zroda said:

Bigwheels1111 said:

TheBanker said:

I have a question about the First Direct regular saver.

It says that if you haven't paid in the maximum £300 per month, you can make up the missed payments. But how do you actually do this, there's no option to make an ad-hoc transfer. I reduced my SO to £25 in January as I was a bit short. The SO is now back to £300 but I would like to pay in the missed £550 (Jan and Feb underpayments of £275 each). But can't see how to do this?

First, from memory you can only top up the £275 you missed this month. ie the month you are in.
Second, call them, they will tell you how or do it for you.
Simple.
Plus tell you if you can make up last month.

Then let us know

[Quoted post removed by Forum Team]

To avoid doubts: my post was meant for 'TheBanker'

Profiterole

Probably nothing but First Direct seem to be stalling me opening a new Regular Saver after my previous one matured earlier this month. They claim to be inundated with Applications, which I expect they are, but beginning to wonder if they are thinking about lowering the 7% rate....... Like I said probably nothing but thought it might be worth mentioning.

trickydicky14

E_zroda said:

Bigwheels1111 said:

TheBanker said:

I have a question about the First Direct regular saver.

It says that if you haven't paid in the maximum £300 per month, you can make up the missed payments. But how do you actually do this, there's no option to make an ad-hoc transfer. I reduced my SO to £25 in January as I was a bit short. The SO is now back to £300 but I would like to pay in the missed £550 (Jan and Feb underpayments of £275 each). But can't see how to do this?

First, from memory you can only top up the £275 you missed this month. ie the month you are in.
Second, call them, they will tell you how or do it for you.
Simple.
Plus tell you if you can make up last month.

Then let us know

[Quoted post removed by Forum Team]

Why the need for the putdown? it's not needed.

Profiterole

Oh and before anyone jumps all over me I do understand the rate is fixed when the Account is open, so not trying to scare anyone ok lol

Bigwheels1111

FD system is old and clunky, like me.

I still would not leave them though.

Ive had a few issues with them in the past and no doubt will in the future.

They sort the issues and give me money, a fare deal in my opinion.

I have 9 bank accounts and have had issues with them all.

Vortigern

TheBanker said:

I have a question about the First Direct regular saver.

It says that if you haven't paid in the maximum £300 per month, you can make up the missed payments. But how do you actually do this, there's no option to make an ad-hoc transfer. I reduced my SO to £25 in January as I was a bit short. The SO is now back to £300 but I would like to pay in the missed £550 (Jan and Feb underpayments of £275 each). But can't see how to do this?

The only way to do it is to call them. They won't take an ad-hoc payment, but they will adjust your next standing order(s). Last time I did this, I had started at £25 per month for 5 months, added a large payment of £1675 to make up the deficit, then continued at £300/month for the rest of the term.  All the payments were taken by standing order on the usual date each month.

Bridlington1

According to Moneyfacts Gatehouse RS Issue 2 will be launched at 5.3% tomorrow, replacing Issue 1 at 7% Gatehouse's website already lists Issue 2 as being available but when logging into online banking it seems you can still apply for Issue 1 at 7% so for those interested in this account I'd suggest moving quick.

The terms for Issue 2 seem to be the same as issue 1 but with a lower interest rate, (£300/mth max, no withdrawals/closure permitted unless they reduce the expected profit rate).

KneadtheDough

TheBanker said:

I have a question about the First Direct regular saver.

It says that if you haven't paid in the maximum £300 per month, you can make up the missed payments. But how do you actually do this, there's no option to make an ad-hoc transfer. I reduced my SO to £25 in January as I was a bit short. The SO is now back to £300 but I would like to pay in the missed £550 (Jan and Feb underpayments of £275 each). But can't see how to do this?

I had a similar situation last year, and was directly told via chat that I *could* manually top up, only to be told many chats later that I can't. Essentially, whatever the amount you decide to set the SO for, that's all that can go in..

KneadtheDough

francoghezzi said:

TheBanker said:

I have a question about the First Direct regular saver.

It says that if you haven't paid in the maximum £300 per month, you can make up the missed payments. But how do you actually do this, there's no option to make an ad-hoc transfer. I reduced my SO to £25 in January as I was a bit short. The SO is now back to £300 but I would like to pay in the missed £550 (Jan and Feb underpayments of £275 each). But can't see how to do this?

You can top up more than only a month by simply calling them or chatting through the App
 Next payment will be 300 plus the amount missing (275 plus 275) as long as you request it. You can top up ALL the money missing, not only last month's sum

Not my experience. They were adamant that I could 'top up' (their words, but what they meant, as I found out later, was 'amend') the SO, that I could only ask them to increase or decrease the SO for the following month.