Regular Savings Accounts: The Best Currently Available List!

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".

soulsaver

soulsaver said:

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

I dunno why I join in sometimes... I have no intention of missing any payments..
But the terms online DO seem to have changed...

Digital_Payback

I’m going to fund the Halifax RS by bank transfer only.  No Standing Order. 

I’ve spent enough time thinking over the T&Cs and so have all of you who have commented and helped! Many thanks. 

Halifax will probably be quite happy with the external bank transfer!!

ForumUser7

Ecology

Their email said they'd try again on Monday 8th, but funds are still in my account with no attempted DD. Normally they'd have gone by now. Anyone had them successfully taken yet this morning please?

pokemaster

No, perhaps they are gonna have to do them all manually? Maybe see if anything happens during opening hours.