Regular Savings Accounts: The Best Currently Available List!

surreysaver

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 

Advantages would be
Split the tax liability
The other holder would retain the money in the account should one holder die
Both holders could operate the account
There's probably other advantages 

Nick_C

surreysaver said:

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 

Advantages would be
Split the tax liability
The other holder would retain the money in the account should one holder die
Both holders could operate the account
There's probably other advantages 

And of course if one partner is a higher rate tax payer and the other is not, that would be a disadvantage.

subjecttocontract

The shared tax on the joint accounts will be an advantage for me as my regular savers produce around £3000 interest a year. I think I'll probably just let them run to maturity and any new/replacement reg savers I'll open in joint names. 

arsenalboy

All our reg savers are in my wife's name as she pays no tax and I pay 40%  

WillPS

arsenalboy said:

All our reg savers are in my wife's name as she pays no tax and I pay 40%  

Same here. I've got enough in my Natwest and RBS Digital Regular Savers to generate £400 interest over a year, leaving £100 in case Nationwide decide to chuck out another £100 "fairer share".

Everything else is saved by my wife.

TheWoodler

OH and I have entirely separate finances - we each pay our share of outgoings - but we do have a small savings account in our joint names.

We agreed as soon as we were married that it might be quite a sensible, if symbolic, move.

It serves no real practical purpose other than to evidence a financial relationship with a paper trail that reflects our marriage relationship.

BooJewels

I have a modest issue with my Skipton Regular Saver.  I set it up in early June last year and I think I made the first payment manually on 2nd June and a Standing Order to pay on the 1st month thereafter - the last one being 1st May 2024 = 12.  It showed in the EA saver feeding it as a 'scheduled payment' each month and around the third of the month, the £250 moved from there to the RS.  Current balance £2,750.

I noticed a week or two ago that it wasn't showing as a scheduled payment for 1st May - but the balance was also below £250, but I'd set up another payment to go from my BRT to the EA to bring the balance over £260 ready for that payment, on 26th April, which it did.  It should have gone on Friday at the latest - but the payment hasn't been made and it isn't showing as scheduled.  

I'm wondering whether to make the last payment manually, or wait and see if it sorts itself out after the BH weekend catch up?

Bigwheels1111

BooJewels said:

I have a modest issue with my Skipton Regular Saver.  I set it up in early June last year and I think I made the first payment manually on 2nd June and a Standing Order to pay on the 1st month thereafter - the last one being 1st May 2024 = 12.  It showed in the EA saver feeding it as a 'scheduled payment' each month and around the third of the month, the £250 moved from there to the RS.  Current balance £2,750.

I noticed a week or two ago that it wasn't showing as a scheduled payment for 1st May - but the balance was also below £250, but I'd set up another payment to go from my BRT to the EA to bring the balance over £260 ready for that payment, on 26th April, which it did.  It should have gone on Friday at the latest - but the payment hasn't been made and it isn't showing as scheduled.  

I'm wondering whether to make the last payment manually, or wait and see if it sorts itself out after the BH weekend catch up?

I would call them.

I make a manual payment on the first of the month even on bank holidays and it shows on the first.

The other 12 RS I have are DD.

Something has gone wrong.

Call they are very helpful.

wiseonesomeofthetime

Bigwheels1111 said:

BooJewels said:

I have a modest issue with my Skipton Regular Saver.  I set it up in early June last year and I think I made the first payment manually on 2nd June and a Standing Order to pay on the 1st month thereafter - the last one being 1st May 2024 = 12.  It showed in the EA saver feeding it as a 'scheduled payment' each month and around the third of the month, the £250 moved from there to the RS.  Current balance £2,750.

I noticed a week or two ago that it wasn't showing as a scheduled payment for 1st May - but the balance was also below £250, but I'd set up another payment to go from my BRT to the EA to bring the balance over £260 ready for that payment, on 26th April, which it did.  It should have gone on Friday at the latest - but the payment hasn't been made and it isn't showing as scheduled.  

I'm wondering whether to make the last payment manually, or wait and see if it sorts itself out after the BH weekend catch up?

I would call them.

I make a manual payment on the first of the month even on bank holidays and it shows on the first.

The other 12 RS I have are DD.

Something has gone wrong.

Call they are very helpful.

Which 12 providers accept deposits via Direct Debit? Would be useful to know.

I know Ecology BS do.

Bigwheels1111

wiseonesomeofthetime said:

Bigwheels1111 said:

BooJewels said:

I have a modest issue with my Skipton Regular Saver.  I set it up in early June last year and I think I made the first payment manually on 2nd June and a Standing Order to pay on the 1st month thereafter - the last one being 1st May 2024 = 12.  It showed in the EA saver feeding it as a 'scheduled payment' each month and around the third of the month, the £250 moved from there to the RS.  Current balance £2,750.

I noticed a week or two ago that it wasn't showing as a scheduled payment for 1st May - but the balance was also below £250, but I'd set up another payment to go from my BRT to the EA to bring the balance over £260 ready for that payment, on 26th April, which it did.  It should have gone on Friday at the latest - but the payment hasn't been made and it isn't showing as scheduled.  

I'm wondering whether to make the last payment manually, or wait and see if it sorts itself out after the BH weekend catch up?

I would call them.

I make a manual payment on the first of the month even on bank holidays and it shows on the first.

The other 12 RS I have are DD.

Something has gone wrong.

Call they are very helpful.

Which 12 providers accept deposits via Direct Debit? Would be useful to know.

I know Ecology BS do.

Sorry Im an idiot.

Standing order.