Regular Savings Accounts: The Best Currently Available List!

allegro120

dealyboy said:

Gers said:

My First Direct RS matured yesterday - monies in savings account this morning and moved out to another bank.  New RS account opened and funded in five minutes. Very impressive given that the process used to be much longer.

My interest is £135.58.

I don't think the process is necessarily any quicker, but the quick turnaround being because you had a 'Savings Account'. I didn't have that a couple of months ago and although I was able to obtain the balance + interest (£137.05) two days after maturity following a phone call, I did have to wait a few extra days for the RS to convert to a Savings Account before allowing me to open a new RS. I have read before that it may be a good idea to open a Savings Account before maturity.

I always had a 'savings accounts' ready for receiving funds from RS and yet it always takes few days until the funds received and I can open a new RS.  My current one matures tomorrow, we'll see what happens this time round.

AmityNeon

allegro120 said:

Bridlington1 said:

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.

Next month will be one of those, 1st June falls on Saturday so it will be 3rd June for some RS deposits. In my collection this affects Bos, Halifax, Lloyds, Co-op, Hanley, Mansfield, Natwest, RBS, Saffron and Tipton.

LBG pays interest on deposits received on non-working days.

Kim_13

Saffron

I have easily made a transfer to my current account in the past, but this functionality seems to have disappeared; my only option now is an internal transfer. Has anyone successfully transferred to a current account recently? Thinking ahead as the Members’ Month Regular Saver matures next month.

Bridlington1

Kim_13 said:

Saffron

I have easily made a transfer to my current account in the past, but this functionality seems to have disappeared; my only option now is an internal transfer. Has anyone successfully transferred to a current account recently? Thinking ahead as the Members’ Month Regular Saver matures next month.

I've just checked and I still seem to have the option to make a payment from my Small Saver to my nominated account, though peculiarly I ``refreshed" my Small Saver on Tuesday and instead of paying the interest to my nominated account as they normally do, it seems to have remained in the Small Saver:

allegro120

AmityNeon said:

allegro120 said:

Bridlington1 said:

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.

Next month will be one of those, 1st June falls on Saturday so it will be 3rd June for some RS deposits. In my collection this affects Bos, Halifax, Lloyds, Co-op, Hanley, Mansfield, Natwest, RBS, Saffron and Tipton.

LBG pays interest on deposits received on non-working days.

Thank you. I didn't know, it shows next working day so I thought this is the date the interest is credited. I'll change my schedule for these three.

friolento

Kim_13 said:

Saffron

I have easily made a transfer to my current account in the past, but this functionality seems to have disappeared; my only option now is an internal transfer. Has anyone successfully transferred to a current account recently? Thinking ahead as the Members’ Month Regular Saver matures next month.

I have a Pay Out option on all my Saffron accounts, incl. on my Regular Saver. This is in addition to the Transfer option

jameseonline

I just instruct Saffron to transfer funds from regulars to my Saffron instant access then I transfer out from that, otherwise they convert things to a pointless maturity account which you can't pay into plus it a poopy interest.

Granted it can take Saffron a couple of days to act on messages sent to them but they do get there etc.

It doesn't take long to get money out of my instant access account & into my nominated account.

Ahh product switch, used to do that all the time as they kept bringing out new issues of small saver & obviously I wanted the best rate🤣, eventually they changed small saver so I could actually stick with it.

Kim_13

This'll be my first time having a Saffron product mature (also product switched the Small Saver several times) so I'm not familiar with their process. Looking at the info on the Small Saver page they send a maturity pack - is this postal or email? Glad I opened the EA last Summer now - requesting an internal transfer via the pack and onwards from there does sound like the better option. 

Bridlington1

Kim_13 said:

This'll be my first time having a Saffron product mature (also product switched the Small Saver several times) so I'm not familiar with their process. Looking at the info on the Small Saver page they send a maturity pack - is this postal or email? Glad I opened the EA last Summer now - requesting an internal transfer via the pack and onwards from there does sound like the better option. 

I've never had a product mature with them either, I've had my small saver account open since March 2022, it has been switched into a Members RS previously and refreshed on multiple occasions but I've kept the same account number throughout.

Come to think of it I now recall having a similar withdrawals issue to you with one of their EA accounts a while back. I phoned them and they said they hadn't verified my nominated account for some reason and this was preventing me making withdrawals online. They apologised and did something quickly at their end and I was able to make withdrawals online a minute later. I'm wondering if this is what's happened in your case?

jameseonline

Kim_13 said:

This'll be my first time having a Saffron product mature (also product switched the Small Saver several times) so I'm not familiar with their process. Looking at the info on the Small Saver page they send a maturity pack - is this postal or email? Glad I opened the EA last Summer now - requesting an internal transfer via the pack and onwards from there does sound like the better option. 

Maturity pack is digital as in email/app if you are opted in for that.

You can also give them maturity instructions in app/website on what you want done when things mature.

Maturity is pretty new to the app, you can view the date it's going to mature (if you didn't know/forgot without going back through your documents), give them your maturity instructions, possibly other things.