We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Regular Savings Accounts: The Best Currently Available List!

1123712381240124212431699

Comments

  • tg99
    tg99 Posts: 1,260 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    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
    gt94sss2 Posts: 6,220 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    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
    tg99 Posts: 1,260 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    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
    gt94sss2 Posts: 6,220 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 5 May 2024 at 10:55PM
    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
    gt94sss2 Posts: 6,220 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    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
    subjecttocontract Posts: 2,967 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Are there any regular saver accounts that can be opened in joint names ?
  • badger09
    badger09 Posts: 11,682 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    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
    subjecttocontract Posts: 2,967 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    badger09 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
    Bridlington1 Posts: 4,114 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    edited 6 May 2024 at 9:35AM
    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".


Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.1K Work, Benefits & Business
  • 600.7K Mortgages, Homes & Bills
  • 177.4K Life & Family
  • 258.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.