Regular Savings Accounts: The Best Currently Available List!

Wheres_My_Cashback

Bridlington1 said:

Bobblehat said:

Thanks to kaMelo and Bigwheels1111 .....  I gave it a go just now and worked within minutes online. I put the proceeds of the old RS into the Base Rate Tracker and funded the first £250 for the new RS from the BRT. Will do a manual payment on the 1st June and set up an appropriate SO from July 1st similar to the SO for the old RS. Thanks people 

I would wait until 3rd June before making your second payment into Skipton as deposits made into the account on non-working days are treated as having been made the next working day for interest purposes.

Previous posts by other posters contradict that as do their general T&Cs for savings accounts. They don't seem to make a distinction between weekdays and weekends anywhere in those terms. Previous credits I've made to Skipton over a weekend are credited on those weekend dates and the table below infers interest is immediately earnt.

courier9585

You do not have to fund TSB by standing order.
I have funded mine for several years by manual payment

TSB make you create one as part of the account opening process

I have just opened a new TSB monthly saver, i did not have to create a standing order. As the saver has its own sort and acc numbers i simply credited it from another of my accounts.

Bridlington1

Wheres_My_Cashback said:

Bridlington1 said:

Bobblehat said:

Thanks to kaMelo and Bigwheels1111 .....  I gave it a go just now and worked within minutes online. I put the proceeds of the old RS into the Base Rate Tracker and funded the first £250 for the new RS from the BRT. Will do a manual payment on the 1st June and set up an appropriate SO from July 1st similar to the SO for the old RS. Thanks people 

I would wait until 3rd June before making your second payment into Skipton as deposits made into the account on non-working days are treated as having been made the next working day for interest purposes.

Previous posts by other posters contradict that as do their general T&Cs for savings accounts. They don't seem to make a distinction between weekdays and weekends anywhere in those terms. Previous credits I've made to Skipton over a weekend are credited on those weekend dates and the table below infers interest is immediately earnt.

My reading of the terms is as follows:

Immediately above the table you post it states this:


In the paying in section of the website it states:



In addition the section of the general Ts&Cs regarding withdrawals by internal transfer states:

Where a business day is defined as follows:


So my reading is that payments made by internal transfer or faster payment will begin to earn interest immediately after they have been received into the Skipton account. Payments made into Skipton on non working days will may show as being in the Skipton account the day they are sent but will not actually be ``received" (at least for interest purposes) until the next business day.

The only way to be able to say for sure when deposits made on non-working days begin earning interest is if someone who has made deposits on non-working days calculates how much interest they should've received if deposits made on non-working days do indeed start earning interest from that date and compares this to the amount of interest actually received.

As ever though I'm happy to change my interpretation if someone can provide the relevant calculations.

Wheres_My_Cashback

That's very interesting. The web page is near enough contradicting what the T&Cs state with it's references to immediate credits and interest. 
To me, that info should be included within the T&Cs payments in section, which it is not. I'm happy to backtrack on my post above in light of this and It's maybe what's led other posters to believe interest is being paid on weekend deposits.

allegro120

Bridlington1 said:

Wheres_My_Cashback said:

Bridlington1 said:

Bobblehat said:

Thanks to kaMelo and Bigwheels1111 .....  I gave it a go just now and worked within minutes online. I put the proceeds of the old RS into the Base Rate Tracker and funded the first £250 for the new RS from the BRT. Will do a manual payment on the 1st June and set up an appropriate SO from July 1st similar to the SO for the old RS. Thanks people 

I would wait until 3rd June before making your second payment into Skipton as deposits made into the account on non-working days are treated as having been made the next working day for interest purposes.

Previous posts by other posters contradict that as do their general T&Cs for savings accounts. They don't seem to make a distinction between weekdays and weekends anywhere in those terms. Previous credits I've made to Skipton over a weekend are credited on those weekend dates and the table below infers interest is immediately earnt.

My reading of the terms is as follows:

Immediately above the table you post it states this:


In the paying in section of the website it states:



In addition the section of the general Ts&Cs regarding withdrawals by internal transfer states:

Where a business day is defined as follows:


So my reading is that payments made by internal transfer or faster payment will begin to earn interest immediately after they have been received into the Skipton account. Payments made into Skipton on non working days will may show as being in the Skipton account the day they are sent but will not actually be ``received" (at least for interest purposes) until the next business day.

The only way to be able to say for sure when deposits made on non-working days begin earning interest is if someone who has made deposits on non-working days calculates how much interest they should've received if deposits made on non-working days do indeed start earning interest from that date and compares this to the amount of interest actually received.

As ever though I'm happy to change my interpretation if someone can provide the relevant calculations.

I always thought that interest is credited at weekends, but this believe was based on the fact that the deposit is shown and dated at weekends. It was naive of me to assume that deposit shown and interest credited is always the same thing.  I’ll stick with your interpretation and feed my Skipton RS on the 3rd June together with Co-op, Mansfield, Tipton and other weekend unfriendly providers. 

bristolleedsfan

I recall some months ago it was not possible to transfer between Skipton accounts on a Saturday.

Speculator

Interest  of £29.20 has been credited to my Saffron 9% Loyalty Regular Saver dated 31/5.

Hopefully, they will open my new 8% Members Month Loyalty Saver later today.

jameseonline

Speculator said:

Interest  of £29.20 has been credited to my Saffron 9% Loyalty Regular Saver dated 31/5.

Hopefully, they will open my new 8% Members Month Loyalty Saver later today.

The one that still isn't on their website?, hmm

schiff

Speculator said:

Interest  of £29.20 has been credited to my Saffron 9% Loyalty Regular Saver dated 31/5.

Hopefully, they will open my new 8% Members Month Loyalty Saver later today.

Ditto with your line one.
My account (same reference) now shows a £50 balance. Can't get into it to see detail but I requested the balance to my nominated account by secure message a few says ago; not yet received but it will come.
I mentioned 8% in my message and they didn't correct me. 

simonsmithsays

jameseonline said:

Speculator said:

Interest  of £29.20 has been credited to my Saffron 9% Loyalty Regular Saver dated 31/5.

Hopefully, they will open my new 8% Members Month Loyalty Saver later today.

The one that still isn't on their website?, hmm

A little patience required 

Saffron are fantastic 

100% confident that they'll follow the manual instructions and be a new account showing on the app funded with £50 by, at the latest, COP Monday backdated to today

Edit - I've now received an email saying the balance (+ interest - £50) is winging its way to my nominated account

And now £50 is showing in a 8% account with the same account number and sort code as previously.

Brilliant service