Regular Savings Accounts: The Best Currently Available List!

WillPS

Johnny-Cage said:

WillPS said:

Johnny-Cage said:

Does the Club Lloyds auto renew or will I need to manually start a new one 
Once the current RS switches to a normal saver and I withdraw the money 
can I close that account or just leave it open for the next RS 

The Club Lloyds Regular Saver transitions to a Standard Saver immediately upon maturity. A new one will only be created if you apply for one, but if you do then it'll be open and ready for your first deposit immediately (you might need to log off and log back on to see it).

Thank you still undecided if it’s worth starting another RS. I am saving up for an extension so I doubt if I start another RS it would mature. I was just thinking use the best easy saver available 

Up to you entirely of course - worth considering that:

• the interest rate is fixed @ 6.25%
• you can access your money penalty free whenever you need it
  
• there is no requirement to deposit each month
  
• it's possible to close your account on demand (and get whatever interest you've accrued + start a new regular saver again)

I personally opened a new one last month just before the tax year ended, so it's there as an option for me later in the year if my other saving rates collapse.

kaMelo

The discussion was specifically around the thirteenth payment and what benefit it gave, not the account as a whole.

ForumUser7

Does the HSBC Regular Saver still get opened straight away please?

gt94sss2

ForumUser7 said:

Does the HSBC Regular Saver still get opened straight away please?

Yes, it is opened instantly

Turnedoutniceagain

Hello, I've just opened a NatWest DRS and first payment went in on 29 April by SO. Is it ok to change the date of SO to the 3 May now? And just leave it at the 3rd for every month? Thanks in advance.

Bridlington1

Turnedoutniceagain said:

Hello, I've just opened a NatWest DRS and first payment went in on 29 April by SO. Is it ok to change the date of SO to the 3 May now? And just leave it at the 3rd for every month? Thanks in advance.

You can change it to 3rd if you want, or you could make a manual payment today and set the SO to 1st if you wanted to.

Turnedoutniceagain

That's good to hear, many thanks.

WillPS

No standing order is actually needed at all I find - ours are all funded manually from a non-Natwest Group source on the first of every month.

Bridlington1

WillPS said:

No standing order is actually needed at all I find - ours are all funded manually from a non-Natwest Group source on the first of every month.

Though it's worth noting that deposits into the NatWest group regular savers don't start earning interest until the next working day if funds are received on a non-working day. 

I fund mine on the first working day of the month rather than the first of every month for this reason. I still make my deposits manually though.

WillPS

Once again I'm in awe of your extreme Money Saving @Bridlington1 ! Although for my peace of mind I'm happy losing out on up to 8p in interest knowing that money is in 'the right place' before my second coffee on the first, regardless of which day of the week it is.