Regular Savings Accounts: The Best Currently Available List!

tg99

If new reg sav opened yesterday Sat 4th and opening £300 taken by First Direct same day then will they therefore take the future £300 monthly contributions on the 4th always even if a non working day? Thks 

gt94sss2

tg99 said:

If new reg sav opened yesterday Sat 4th and opening £300 taken by First Direct same day then will they therefore take the future £300 monthly contributions on the 4th always even if a non working day? Thks 

No, future payments are taken by standing order so will be taken on the next working day

tg99

Thx gt94sss2. One follow up qu regarding funding the First Direct Reg saver - historically I have set the SO date for the £300 to go from my main current account to my First Direct current account as the working day before the £300 is transferred into the Reg saver so as to make sure it was there ready. So eg over next 12 months would set it for the 1st since sometimes the 2nd and 3rd fall on weekends. Instead, anyone know if it’s ok to just set it for the same working day? It means that the money might not be in there when First Direct first try and take it if in the early hours but I believe some banks automatically try again in the afternoon - and don’t charge any fee for the initial failed attempt- by which time it would be in there? My main current account seems to send out SO around 130am. Assume the same applies to HSBC Reg saver too? Thks.

gt94sss2

tg99 said:

Thx gt94sss2. Instead, anyone know if it’s ok to just set it for the same working day? It means that the money might not be in there when First Direct first try and take it if in the early hours but I believe some banks automatically try again in the afternoon - and don’t charge any fee for the initial failed attempt- by which time it would be in there? My main current account seems to send out SO around 130am. Assume the same applies to HSBC Reg saver too? Thks.

Yes, that should be fine. It's what I do.

You'll may get an SMS in the morning, saying you are overdrawn but you can ignore that as long as they receive your SO that day.

gt94sss2

Bridlington1 said:

gt94sss2 said:

@Silver_Saver_2

Sorry, if I have missed it but I don't think https://www.aldermore.co.uk/savings-accounts/personal-savings-accounts/regular-saver-account/ is listed on the first page

The account only pays 5.25% variable, lasts a year and has a max deposit of £300/mth, so it wouldn't qualify for inclusion under the new criteria if I'm not mistaken. 

Also I think @Special_Saver2 deserves a touch of gold rather than silver after the work he/she has put in to maintaining this thread over the years.

Oh, I quite agree. I think it's more that I didn't see the revised criteria before posting..

subjecttocontract

Are there any regular saver accounts that can be opened in joint names ?

badger09

subjecttocontract said:

Are there any regular saver accounts that can be opened in joint names ?

Sorry, can’t answer the question but I’m curious as to what the advantage would be. Other than being easier when one of the holders dies 

subjecttocontract

badger09 said:

subjecttocontract said:

Are there any regular saver accounts that can be opened in joint names ?

Sorry, can’t answer the question but I’m curious as to what the advantage would be. Other than being easier when one of the holders dies 

That's exactly the reason I was asking. 
None of my regular savers are in joint names.

Bridlington1

subjecttocontract said:

Are there any regular saver accounts that can be opened in joint names ?

You can filter the results on moneyfacts to show joint accounts only:
Select ``Full Search" and then ``Yes" to ``Only show joint accounts".

subjecttocontract

Many thanks for that info.....I'll take a look on Moneyfacts