Regular Savings Accounts: The Best Currently Available List!

simonsmithsays

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.

Just me or do you like complaining?

I love it.
Gives me things to do in the early hours, as a live in carer I’m on call 24/7.
Stops me getting board.

A gentle walk would stop stiffness 


But seriously though hats off to you on your caring work 👏

gt94sss2

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

simonsmithsays

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

Johnny-Cage

Question regarding the Club Lloyds RS 
It matures on 5th June o vis I can make a 13th payment on the 1st 
When it matures on the 5th and it’s transferred to a normal saver
If I start a new RS will I be able to fund it straight away with making that 13th payment 

tyvm 

simonsmithsays

Johnny-Cage said:

Question regarding the Club Lloyds RS 
It matures on 5th June o vis I can make a 13th payment on the 1st 
When it matures on the 5th and it’s transferred to a normal saver
If I start a new RS will I be able to fund it straight away with making that 13th payment 

tyvm 

Yes.......

intalex

gt94sss2 said:

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

Given 1st June is a Saturday, I presume the maturity option to withdraw to external nominated account would only be executed on Monday 3rd June. I wonder (i) if the option to transfer to another Skipton easy access account (e.g. BRT in my case) would still be completed on Saturday 1st June, and (ii) if a new RS could then be both opened and funded from this Skipton easy access account on Saturday 1st June. Hopefully someone has and recalls experience of what Skipton's systems do/don't process on Saturdays.

Johnny-Cage

simonsmithsays said:

Johnny-Cage said:

Question regarding the Club Lloyds RS 
It matures on 5th June o vis I can make a 13th payment on the 1st 
When it matures on the 5th and it’s transferred to a normal saver
If I start a new RS will I be able to fund it straight away with making that 13th payment 

tyvm 

Yes.......

Thanks wasn’t 100% sure basically making x2 £400 deposits even thou it’s 2 different RS 

Kim_13

intalex said:

gt94sss2 said:

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

Given 1st June is a Saturday, I presume the maturity option to withdraw to external nominated account would only be executed on Monday 3rd June. I wonder (i) if the option to transfer to another Skipton easy access account (e.g. BRT in my case) would still be completed on Saturday 1st June, and (ii) if a new RS could then be both opened and funded from this Skipton easy access account on Saturday 1st June. Hopefully someone has and recalls experience of what Skipton's systems do/don't process on Saturdays.

They won’t process an internal transfer on a weekend. Set up an ISA on 6th April (also a Saturday), with funds coming from the BRT. The ISA appeared in their app along with the option for debit card funding straight away, but the BRT transfer had to be done later on a working day.

Might be worth early closing rather than letting the funds sit there over the weekend.

intalex

Kim_13 said:

They won’t process an internal transfer on a weekend. Set up an ISA on 6th April (also a Saturday), with funds coming from the BRT. The ISA appeared in their app along with the option for debit card funding straight away, but the BRT transfer had to be done later on a working day.

It seems if I give an advance maturity instruction to transfer internally, this will indeed be completed (and dated) on Saturday 1st June. And if I then open a new issue Regular Saver on Saturday 1st June I can fund it from £250 of the maturity proceeds from the other account too and it'll also be dated 1st June. Just confirmed via webchat, so I'll give it a go and see if reality matches up with the webchat advice.

PS> Maturity instruction to withdraw externally would be completed on the first working day.

qbadger

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.