Regular Savings Accounts: The Best Currently Available List!

PloughmansLunch

Kim_13 said:

Principality

Don’t provide a bank account with a sort code beginning with a 0 as your linked account - they will omit the 0. I first had the problem with the First Steps account and assumed that I must have mistyped it, but as other accounts became available I never funded it beyond the £1 so it’s just sat there as my oldest account with them in case they should one day require membership of a year to access a particular account. 

Knowing this, this time I was very careful to check what I entered, but again my linked account shows with a five digit sort code with the 0 omitted - this one showing as authorised. I don’t have one but I suspect they will also do the same with an account number beginning with 0. I hope I can just withdraw the proceeds by cheque or by entering the details of another account on maturity. I’m not a fan of managing my accounts by phone and don’t see why I should have to when the error is not of my making.

Leeds BS also knocks off the 1st 0 (from account numbers too), but their CS confirmed it was just a quirk of the system display and that all should function as expected. I tried and my withdrawal arrived absolutely fine, so you might well be ok as is. Principality CS are generally very good using the secure messaging if you dont mind a bit of a wait.

simonsmithsays

CuparLad said:

Not sure if anyone else has received this secure message from PBS this morning, but there was apparently a faux pas in their application process for the new RS which didn't ask for nominated account details. They now appear to be asking manually via secure message to update the account

Yep I did.

Kim_13

Bridlington1 said:

Kim_13 said:

Principality

Don’t provide a bank account with a sort code beginning with a 0 as your linked account - they will omit the 0. I first had the problem with the First Steps account and assumed that I must have mistyped it, but as other accounts became available I never funded it beyond the £1 so it’s just sat there as my oldest account with them in case they should one day require membership of a year to access a particular account. 

Knowing this, this time I was very careful to check what I entered, but again my linked account shows with a five digit sort code with the 0 omitted - this one showing as authorised. I don’t have one but I suspect they will also do the same with an account number beginning with 0. I hope I can just withdraw the proceeds by cheque or by entering the details of another account on maturity. I’m not a fan of managing my accounts by phone and don’t see why I should have to when the error is not of my making.

It's just a limitation on the way their systems display things, they still know about the zero. I've been using a Nationwide account (sort cade begins with 07) as my linked account for PBS for around 2 years and the linked account shows a 5-digit sort code. I have never had any issues making withdrawals from PBS to it and have done so on a number of occasions.

Thanks for this (and others posting similarly.)

Oddly I haven’t had a confirmation email (possibly linked to the issues mentioned with their application process on this occasion) but I took a screenshot of the details and have successfully funded it.

friolento

Kim_13 said:

Principality

Don’t provide a bank account with a sort code beginning with a 0 as your linked account - they will omit the 0. I first had the problem with the First Steps account and assumed that I must have mistyped it, but as other accounts became available I never funded it beyond the £1 so it’s just sat there as my oldest account with them in case they should one day require membership of a year to access a particular account. 

Knowing this, this time I was very careful to check what I entered, but again my linked account shows with a five digit sort code with the 0 omitted - this one showing as authorised. I don’t have one but I suspect they will also do the same with an account number beginning with 0. I hope I can just withdraw the proceeds by cheque or by entering the details of another account on maturity. I’m not a fan of managing my accounts by phone and don’t see why I should have to when the error is not of my making.

my linked account is on 09-01-27, a Santander sort code. I have used this with Principality for several years and never had a problem with it. They always pay my matured balances electronically into this linked account.

friolento

CuparLad said:

Not sure if anyone else has received this secure message from PBS this morning, but there was apparently a faux pas in their application process for the new RS which didn't ask for nominated account details. They now appear to be asking manually via secure message to update the account

I applied, as an existing account holder, before 8am and was asked for a linked account. I selected my usual account and it is showing ok.

ThePirates

I'm new to all of this savings stuff and have opened and maxed out the accounts listed on the MSE website. 

I've opened a NatWest 6.17% Regular Digital Saver, is there anything stopping me opening a RBS one too?

pokemaster

Nope you can have both

jameseonline

ThePirates said:

I'm new to all of this savings stuff and have opened and maxed out the accounts listed on the MSE website. 

I've opened a NatWest 6.17% Regular Digital Saver, is there anything stopping me opening a RBS one too?

Nope, may as well have them both open as there's only a £150 max deposit a month limit so will take a long time to max each one out at £5000

jameseonline

Opened the new Principality, bit confused by them paying interest in January, shouldn't it be paid when the year is up? 🤔

WillPS

jameseonline said:

Opened the new Principality, bit confused by them paying interest in January, shouldn't it be paid when the year is up? 🤔

Plenty of other building societies pay annually at the start or end of the calendar year. Mansfield, for one.

They'll also pay interest upon closure if any is due too.