Regular Savings Accounts: The Best Currently Available List!

drphila

allegro120 said:

surreysaver said:

chris_the_bee said:

surreysaver said:

Bridlington1 said:

liamcov said:

Has the new Gatehouse account launched? Can you hold both regular saver accounts?

Yes it has been launched. Their terms seem to be a little unclear about this point but I've just been able to open issue 2 of their regular saver a despite already holding issue 1. I've yet to fund issue 2 though.

Hi @Bridlington1

Have you funded Issue 2 without any issues yet? Now we're in a new tax year, its probably worth me opening some 5%+ regular savers now, and this one is on my list to open, but I've got an Issue 1 already 

Their website does say
"To apply for an account you must be at least 18 years old, a UK resident (or resident in the UK for tax purposes). Only individuals can open an account and only ONE Regular Saver account is allowed per person. Joint accounts are not permitted. When your account matures at the end of the 12 month term, you may open a new Regular Saver account, subject to availability at that time."

Indeed. That's why I'm after knowing the experiences of those who have preceded me

Maybe they meant ONE Regular Saver of the same issue? I don't know, but I've opened and funded issue 2, their system didn't stop me having two regular savers.

Thanks for this.

Definitely worth going for I think, though the statement on the account landing page is unambiguous:

If you already hold the first version of this account, you cannot open this account.

jameseonline

fonesaver said:

Digital_Payback said:

Just opened a Halifax Regular Saver at 5.5%. 

May be useful if rates go down. 

Could anyone with the same Halifax Regular Saver confirm if a monthly Standing Order for an amount is MANDATORY. 

I know I can top up monthly to £250 by bank transfer, but I’d prefer to pay the whole sum by bank transfer in one payment from an external account, without setting up a Halifax Standing Order.
Many thanks for your collective wisdom and knowledge. 😀

A standing order is not mandatory nor is a minimum monthly amount.

There must be a minimum amount as you can't skip months with Halifax according to the MSE Regular Savings page.

But no there is no requirement to have a standing order.

Most of my regulars are funded manually, only exception for me is First Direct I think 

pecunianonolet

Halifax Reg Saver opened by OH 12 months ago, paid in the first 2 months, better RS came about after so no further funding for the last 10 months. 2 month funding plus the interest on it to be available next week as per postal letter received confirmed.

MDMD

jameseonline said:

fonesaver said:

Digital_Payback said:

Just opened a Halifax Regular Saver at 5.5%. 

May be useful if rates go down. 

Could anyone with the same Halifax Regular Saver confirm if a monthly Standing Order for an amount is MANDATORY. 

I know I can top up monthly to £250 by bank transfer, but I’d prefer to pay the whole sum by bank transfer in one payment from an external account, without setting up a Halifax Standing Order.
Many thanks for your collective wisdom and knowledge. 😀

A standing order is not mandatory nor is a minimum monthly amount.

There must be a minimum amount as you can't skip months with Halifax according to the MSE Regular Savings page.

But no there is no requirement to have a standing order.

Most of my regulars are funded manually, only exception for me is First Direct I think 

The Halifax terms state specifically that you can miss months, but in theory when you pay in it must be £25 or more.



https://www.halifax.co.uk/assets/pdf/savings/pdf/savings-account-conditions.pdf (P31)

Digital_Payback

Managing this account

• You can save £25 - £250 every month by one standing order. This needs to reach your account before the 25th of the month. You can also make a bank transfer to top up your savings as long as the total amount of your deposits does not exceed the monthly limit of £250. The amount that you save each month can vary but needs to stay between the £25 to £250 monthly limit
• You can only have one Regular Saver. 

The above terms were received this evening by email from Halifax after signing up to the Regular Saver. 

They are clearly saying that you must save at least £25 each month. 

Are they also now saying that the regular monthly credit must be done with only one SO, and if less than £250 it can be topped up by an external or Halifax bank transfer to the account?

These terms are somewhat different from the terms posted by MDMD. 

Maybe new terms for this year!!

Speculator

Digital_Payback said:

Managing this account

• You can save £25 - £250 every month by one standing order. This needs to reach your account before the 25th of the month. You can also make a bank transfer to top up your savings as long as the total amount of your deposits does not exceed the monthly limit of £250. The amount that you save each month can vary but needs to stay between the £25 to £250 monthly limit
• You can only have one Regular Saver. 

The above terms were received this evening by email from Halifax after signing up to the Regular Saver. 

They are clearly saying that you must save at least £25 each month. 

Are they also now saying that the regular monthly credit must be done with only one SO, and if less than £250 it can be topped up by an external or Halifax bank transfer to the account?

These terms are somewhat different from the terms posted by MDMD. 

Maybe new terms for this year!!

"You can", not "You must"

Digital_Payback

Speculator said:

Digital_Payback said:

Managing this account

• You can save £25 - £250 every month by one standing order. This needs to reach your account before the 25th of the month. You can also make a bank transfer to top up your savings as long as the total amount of your deposits does not exceed the monthly limit of £250. The amount that you save each month can vary but needs to stay between the £25 to £250 monthly limit
• You can only have one Regular Saver. 

The above terms were received this evening by email from Halifax after signing up to the Regular Saver. 

They are clearly saying that you must save at least £25 each month. 

Are they also now saying that the regular monthly credit must be done with only one SO, and if less than £250 it can be topped up by an external or Halifax bank transfer to the account?

These terms are somewhat different from the terms posted by MDMD. 

Maybe new terms for this year!!

"You can", not "You must"

I see what you are referring to, but I read it as one SO for at least the minimum amount and a bank transfer may be used as a top up of the SO if the SO is less than £250. 

Kim_13

jameseonline said:

fonesaver said:

Digital_Payback said:

Just opened a Halifax Regular Saver at 5.5%. 

May be useful if rates go down. 

Could anyone with the same Halifax Regular Saver confirm if a monthly Standing Order for an amount is MANDATORY. 

I know I can top up monthly to £250 by bank transfer, but I’d prefer to pay the whole sum by bank transfer in one payment from an external account, without setting up a Halifax Standing Order.
Many thanks for your collective wisdom and knowledge. 😀

A standing order is not mandatory nor is a minimum monthly amount.

There must be a minimum amount as you can't skip months with Halifax according to the MSE Regular Savings page.

But no there is no requirement to have a standing order.

Most of my regulars are funded manually, only exception for me is First Direct I think 

I did skip months with my previous one and still got the correct interest on closure. 

Have never had a Standing Order to it either.

soulsaver

But where's the bit that says you can miss a payment? I know it's in the linked PDF (dated 10/23).
And the words '..stay between £25 - 250' are new afaics.
See here under 'How Do I Open & Manage...'
Regular Saver Account | Savings | Halifax

Bridlington1

Digital_Payback said:

Speculator said:

Digital_Payback said:

Managing this account

• You can save £25 - £250 every month by one standing order. This needs to reach your account before the 25th of the month. You can also make a bank transfer to top up your savings as long as the total amount of your deposits does not exceed the monthly limit of £250. The amount that you save each month can vary but needs to stay between the £25 to £250 monthly limit
• You can only have one Regular Saver. 

The above terms were received this evening by email from Halifax after signing up to the Regular Saver. 

They are clearly saying that you must save at least £25 each month. 

Are they also now saying that the regular monthly credit must be done with only one SO, and if less than £250 it can be topped up by an external or Halifax bank transfer to the account?

These terms are somewhat different from the terms posted by MDMD. 

Maybe new terms for this year!!

"You can", not "You must"

I see what you are referring to, but I read it as one SO for at least the minimum amount and a bank transfer may be used as a top up of the SO if the SO is less than £250. 

But it never states that you must make a payment by SO, only that you ``can" if you want to, in the same way that ``you can also make a bank transfer".