Regular Savings Accounts: The Best Currently Available List!

RG2015

RG2015 said:

Bigwheels1111 said:

RG2015 said:

bristolleedsfan said:

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

This appears to be correct.

My RS matured yesterday but the funds were only visible today in another Skipton account. I have just opened a new RS with funds from that account. I chose today for the transfer but the next screen said “We can only complete transactions on working days, we will process your request on 03 June 2024.”

Make a manual payment today, I did 50 mins ago.

From another bank.

re:Skipton RS

Thanks, this worked.

It’s crazy that an external deposit at the weekend is accepted but an internal transfer has to wait for the next working day.

Just for information, Skipton state the following on my regular saver:

"Please note payment transactions made to this account on a non-working day will start earning interest from the next working day."

Hence I will be losing 2 days interest on £250 in my feeder account (VM 4.76%).

£250 x 4.76% x 2 / 365 = £0.07

SJMALBA

soulsaver said:

Bridlington1 said:

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

Saffron BS Members Month Loyalty Saver at 8% now live:
https://www.saffronbs.co.uk/savings/regular-savings-accounts/members-month-loyalty-saver

In addition it's worth noting the eligibility cut off date is now 1st June 2023, rather than 1st June 2022 as was stated in one of my earlier posts so it seems I was given incorrect information, all other details seem to be correct though. I'll find the offending post and amend it for accuracy shortly, apologies for the misinformation.

Cut off date showed June 2022 in my application.
ETA: No prob for me, been a member before that. Note also, my account hasn't opened immediately.

I opened my first Saffron BS account on the 1st of June 23 (due to recommendation on the forum to do so, for possible future loyalty products); the Members' Month Loyalty Saver was showing when I logged in this morning, and account now opened successfully.

Bridlington1

Regarding the 8% Saffron RS:

I asked them to convert my maturing 9% RS into a new 8% RS over the phone a while back, this hasn't been done yet. For those who are in this position don't try applying for a new one now.

I've just spoken to them after a rather lengthy hold (for Saffron BS anyway) and they've said the reason for the delay was because they're having to process each of the maturity instructions manually and there's rather a lot of them, applying for a new account now will only increase their workload and thus cause further delays.

With regards to the cut off date the application form is saying this:



whereas the website is saying this:

[...]

They have confirmed that the application form is incorrectly showing the cut off date for last year's RS and that the main page of their website is indeed showing the correct cut off date of 1st June 2023.

wmb194

simonsmithsays said:

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 

I think it's really poor that this new 8% account wasn't an option last week in the 'maturity manager' (MM) and we have to resort to sending messages. Plenty of people with maturing accounts who don't follow these threads wouldn't have been aware of this and taken the relatively poor 5.75% option shown in the MM.

WillPS

wmb194 said:

simonsmithsays said:

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 

I think it's really poor that this new 8% account wasn't an option last week in the 'maturity manager' (MM) and we have to resort to sending messages. Plenty of people with maturing accounts who don't follow these threads wouldn't have been aware of this and taken the relatively poor 5.75% option shown in the MM.

Not sure I see the hardship, surely you could just open a new Members Month now? 

simonsmithsays

WillPS said:

wmb194 said:

simonsmithsays said:

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 

I think it's really poor that this new 8% account wasn't an option last week in the 'maturity manager' (MM) and we have to resort to sending messages. Plenty of people with maturing accounts who don't follow these threads wouldn't have been aware of this and taken the relatively poor 5.75% option shown in the MM.

Not sure I see the hardship, surely you could just open a new Members Month now? 

Saffron

As well as the 5.75% - which lots of us will already have!

We obviously have different expectations!

Every year I'm impressed by them.

pochisoldi

SJMALBA said:

With 12 month RSs that state a maximum amount that can be paid into the account, is it better to open & fund at the end of a calendar month, or the start, to maximise available interest?

The rules I follow based on my experience:
1) If the account says "one payment per calendar month" then opening+making the first payment towards the end of the month, and then making subsequent payments on the first of the month will earn you more interest over the term. (Only had one account that didn't permit this - Ford Money Regular Saver back in 2017/18 , which only allowed one payment per month period - the best you could do is make a payment on day 1, and then 11 payments on the monthly "anniversary" day - so if you opened the account on the 10th of June, in subsequent months the earliest you could make the payment was on the 10th)

2) If the account states a maximum balance, then don't bother trying to make a 13th payment that will take you over that balance. (e.g. Saffron BS). 

wmb194

WillPS said:

wmb194 said:

simonsmithsays said:

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 

I think it's really poor that this new 8% account wasn't an option last week in the 'maturity manager' (MM) and we have to resort to sending messages. Plenty of people with maturing accounts who don't follow these threads wouldn't have been aware of this and taken the relatively poor 5.75% option shown in the MM.

Not sure I see the hardship, surely you could just open a new Members Month now? 

I have but it's an aggravation. It should've been a maturity option, it's not like they didn't know it was coming. Rather than having simple 'transfer' options like its other accounts the maturity instant access account can only be managed online by sending messages. I'm not singing Saffron's praises.

jameseonline

Bridlington1 said:

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

Saffron BS Members Month Loyalty Saver at 8% now live:
https://www.saffronbs.co.uk/savings/regular-savings-accounts/members-month-loyalty-saver

In addition it's worth noting the eligibility cut off date is now 1st June 2023, rather than 1st June 2022 as was stated in one of my earlier posts so it seems I was given incorrect information, all other details seem to be correct though. I'll find the offending post and amend it for accuracy shortly, apologies for the misinformation.

Not your fault.

Just checked, Saffron have now linked to that savings page from their members month page that features on their homepage.

jameseonline

wmb194 said:

simonsmithsays said:

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 

I think it's really poor that this new 8% account wasn't an option last week in the 'maturity manager' (MM) and we have to resort to sending messages. Plenty of people with maturing accounts who don't follow these threads wouldn't have been aware of this and taken the relatively poor 5.75% option shown in the MM.

Not sure why you expected it to be when it wasn't members month last week nor had the product officially launched.

You are no better or worse off anyway, even if you gave them instructions to transfer £50 into the new account (& rest of money elsewhere) Saffron wouldn't have done so until today at the earliest.

You can apply via their website today surely?