Regular Savings Accounts: The Best Currently Available List!

gt94sss2

Bigwheels1111 said:

jameseonline said:

Bigwheels1111 said:

jameseonline said:

Just cashed out my First Direct Regular Saver £3735.38, so £3600 + £135.38 interest, not bad but not best either, it's advertised as £136.50 interest though, does say based on paying 1st of each month though but yeah.

Still it's better than last year's amount of £3710.44.

Also when did First Direct get push notifications?, took them long enough.

Ask for your £1.12, they will give it to you.

Have asked them on chat they saying I'm not out of pocket, interest has been paid correctly etc.

Although it's not much more so no great loss & more money may end up going into the poopy savings account anyway, last year an extra 66p ended up in it. 😁

I just called them as said, your T&C state £136.50, why did I not get that.

You do realise the T&C don't actually say that?

intalex

qbadger said:

Is it not better to manually close the Skipton regular saver account on 30 May by a full withdrawal? There doesn't seem to be any penalties to do this, and should then allow one to open their new regular saver and deposit twice on 31 May and 01 June.

Agreed, I'll do that instead, but when is optimal to do this - 30th or 31st?

Or is 30th to allow for a day to close and be able to open a new issue??

Bigwheels1111

gt94sss2 said:

Bigwheels1111 said:

jameseonline said:

Bigwheels1111 said:

jameseonline said:

Just cashed out my First Direct Regular Saver £3735.38, so £3600 + £135.38 interest, not bad but not best either, it's advertised as £136.50 interest though, does say based on paying 1st of each month though but yeah.

Still it's better than last year's amount of £3710.44.

Also when did First Direct get push notifications?, took them long enough.

Ask for your £1.12, they will give it to you.

Have asked them on chat they saying I'm not out of pocket, interest has been paid correctly etc.

Although it's not much more so no great loss & more money may end up going into the poopy savings account anyway, last year an extra 66p ended up in it. 😁

I just called them as said, your T&C state £136.50, why did I not get that.

You do realise the T&C don't actually say that?

It looks like it says £136.50 to me.
So I pulled them on it.
I will pull them again in 12 months.
Plus on Monday, as used the wife’s account to get a second R/S she got paid even less than me.

allegro120

Bridlington1 said:

SonOfPearl said:

pokemaster said:

SonOfPearl said:

simonsmithsays said:

gt94sss2 said:

simonsmithsays said:

Skipton Member Saver 7.5% Maturity

As one of the account holders who haven't closed this early (and then opened up the 7% RS) I see that upon logging into the app I see the following

Your account is due to mature on 31 May 2024.

We'll let you know about your maturity options around two weeks before your account maturity date'

Skipton's default rollover option for this account is a 3.8% "matured saver" instant access account

They are also offering a 4.5% one year bond or you can switch to any of their other products available on the 1st June.

The maturity email doesn't list the app as a method of providing maturity instructions, but you can do so online, via email, post, webchat etc

If you want to open a new RS, you need to open a new account from 1st June

Even better is that Skipton are also offering a FA Bonus Saver which is easy access and pays up to 5.2% for six months variable (3.8% after that).

You'll see this option when you login online to complete your instructions and click on Full savings range available online

The T&C for the Skipton FA Bonus Saver states that you need to "have agreed to have an appointment with one of our financial advisers". That's a big no from me then. It's not worth the hassle for a 5.2% variable rate for six months when I currently have several accounts still paying 5%+ anyway. 

To me that reads as “if”

Further down the T&Cs it says this, which sounds very much like a requirement:

For now I'll interpret it to mean that you can open it if you have an appointment with one of their financial advisers but this is not a requirement. I've just tried applying for the account online using a guessed application link and was successful in my efforts. My new FA Bonus Saver Issue 1 now sits awaiting funding in online banking.

ETA application link:
https://secure.skipton.co.uk/portal/NewAccount/28105

I've logged in yesterday but couldn't find it.  Now followed your link and opened this account, it was very quick and no mention of appointments with financial advisers.  Can't find any t&c for this account, do you have a link you can post? 

Bridlington1

allegro120 said:

Bridlington1 said:

SonOfPearl said:

pokemaster said:

SonOfPearl said:

simonsmithsays said:

gt94sss2 said:

simonsmithsays said:

Skipton Member Saver 7.5% Maturity

As one of the account holders who haven't closed this early (and then opened up the 7% RS) I see that upon logging into the app I see the following

Your account is due to mature on 31 May 2024.

We'll let you know about your maturity options around two weeks before your account maturity date'

Skipton's default rollover option for this account is a 3.8% "matured saver" instant access account

They are also offering a 4.5% one year bond or you can switch to any of their other products available on the 1st June.

The maturity email doesn't list the app as a method of providing maturity instructions, but you can do so online, via email, post, webchat etc

If you want to open a new RS, you need to open a new account from 1st June

Even better is that Skipton are also offering a FA Bonus Saver which is easy access and pays up to 5.2% for six months variable (3.8% after that).

You'll see this option when you login online to complete your instructions and click on Full savings range available online

The T&C for the Skipton FA Bonus Saver states that you need to "have agreed to have an appointment with one of our financial advisers". That's a big no from me then. It's not worth the hassle for a 5.2% variable rate for six months when I currently have several accounts still paying 5%+ anyway. 

To me that reads as “if”

Further down the T&Cs it says this, which sounds very much like a requirement:

For now I'll interpret it to mean that you can open it if you have an appointment with one of their financial advisers but this is not a requirement. I've just tried applying for the account online using a guessed application link and was successful in my efforts. My new FA Bonus Saver Issue 1 now sits awaiting funding in online banking.

ETA application link:
https://secure.skipton.co.uk/portal/NewAccount/28105

I've logged in yesterday but couldn't find it.  Now followed your link and opened this account, it was very quick and no mention of appointments with financial advisers.  Can't find any t&c for this account, do you have a link you can post? 

https://secure.skipton.co.uk/Handlers/DocHandler.ashx?productId=28105

qbadger

My thinking on this is that if you opt for requesting the account to be closed on the 31st, you are depending on Skipton finalising the closure early enough to allow for your first deposit to the new issue to be applied same day.

It should be doable if you are on the ball, but the extra 20p of interest doesn't seem worth the risk to me.

allegro120

Bridlington1 said:

allegro120 said:

Bridlington1 said:

SonOfPearl said:

pokemaster said:

SonOfPearl said:

simonsmithsays said:

gt94sss2 said:

simonsmithsays said:

Skipton Member Saver 7.5% Maturity

As one of the account holders who haven't closed this early (and then opened up the 7% RS) I see that upon logging into the app I see the following

Your account is due to mature on 31 May 2024.

We'll let you know about your maturity options around two weeks before your account maturity date'

Skipton's default rollover option for this account is a 3.8% "matured saver" instant access account

They are also offering a 4.5% one year bond or you can switch to any of their other products available on the 1st June.

The maturity email doesn't list the app as a method of providing maturity instructions, but you can do so online, via email, post, webchat etc

If you want to open a new RS, you need to open a new account from 1st June

Even better is that Skipton are also offering a FA Bonus Saver which is easy access and pays up to 5.2% for six months variable (3.8% after that).

You'll see this option when you login online to complete your instructions and click on Full savings range available online

The T&C for the Skipton FA Bonus Saver states that you need to "have agreed to have an appointment with one of our financial advisers". That's a big no from me then. It's not worth the hassle for a 5.2% variable rate for six months when I currently have several accounts still paying 5%+ anyway. 

To me that reads as “if”

Further down the T&Cs it says this, which sounds very much like a requirement:

For now I'll interpret it to mean that you can open it if you have an appointment with one of their financial advisers but this is not a requirement. I've just tried applying for the account online using a guessed application link and was successful in my efforts. My new FA Bonus Saver Issue 1 now sits awaiting funding in online banking.

ETA application link:
https://secure.skipton.co.uk/portal/NewAccount/28105

I've logged in yesterday but couldn't find it.  Now followed your link and opened this account, it was very quick and no mention of appointments with financial advisers.  Can't find any t&c for this account, do you have a link you can post? 

https://secure.skipton.co.uk/Handlers/DocHandler.ashx?productId=28105

The link brings me to login page. I was hoping to find some basic operational info for this account.  I followed the Product Terms and Conditions link in e-mail sent to me and this is what I got 

kaMelo

Just being logged in doesn't seem to be enough, once you've gone through the application process and get to the point you need to agree with the terms and conditions they become visible.

For those who want to read them, the T&C for Skipton FA Bonus Saver Issue 1;
ShowTandCs.pdf

gt94sss2

Bigwheels1111 said:

gt94sss2 said:

Bigwheels1111 said:

jameseonline said:

Bigwheels1111 said:

jameseonline said:

Just cashed out my First Direct Regular Saver £3735.38, so £3600 + £135.38 interest, not bad but not best either, it's advertised as £136.50 interest though, does say based on paying 1st of each month though but yeah.

Still it's better than last year's amount of £3710.44.

Also when did First Direct get push notifications?, took them long enough.

Ask for your £1.12, they will give it to you.

Have asked them on chat they saying I'm not out of pocket, interest has been paid correctly etc.

Although it's not much more so no great loss & more money may end up going into the poopy savings account anyway, last year an extra 66p ended up in it. 😁

I just called them as said, your T&C state £136.50, why did I not get that.

You do realise the T&C don't actually say that?

It looks like it says £136.50 to me.
So I pulled them on it.
I will pull them again in 12 months.
Plus on Monday, as used the wife’s account to get a second R/S she got paid even less than me.

Those are not the T&C. You will notice it says "guide" and is based on various assumptions.

If you want to exchange screenshots:



Are you sure none of the 12 dates you have your standing order scheduled for did not fall on the a weekend/public holiday for instance? As that delays the actual date a transaction is carried out..

BooJewels

@gt94sss2 said:  "Are you sure none of the 12 dates you have your standing order scheduled for did not fall on the a weekend/public holiday for instance? As that delays the actual date a transaction is carried out."

That's one issue I have with my Skipton RS SO - it never actually went out on the scheduled day.  I made the first payment manually when I opened the account (2nd June), then set up a SO for the remaining 11 months.  Turns out I scheduled them for 2nd of the month (I thought it was the first, but found my pencil notes) and it variously went on 3rd, 4th or 5th - none actually on the 2nd at all - this is from my Skipton statement, not my own notes. 

Of the 11 payments, 4 would have fallen on a weekend, but the remaining 7 were just made late.  Ironically, one of the payments was actually scheduled for Thursday and was paid on Saturday.  I calculate that I missed 19 days interest if you discount the weekend ones - that alone is nearly a quid and another 40p+ if you add in the weekend ones.  So that alone would indeed account for a bit over a pound less in interest.