Regular Savings Accounts: The Best Currently Available List!

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?

jameseonline

wmb194 said:

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.

How's about getting an instant access account with Saffron?, would that not make things easier?.

I set one up, £10 minimum deposit, earns 4p a month interest, whenever I close an account or have an account maturing I tell Saffron to transfer all the money to that thus avoiding the awful maturity account.

Then I put a request to transfer out, and to be fair to Saffron pay out is pretty quick, got my £0.04 interest show in my Saffron account earlier today and into my nominated account same day

Kim_13

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.

True, especially as they had a line in the maturity pack about offering another version and a forumite was advised of the prevailing interest rate at that time, so it had obviously already been determined. It’s not as though they are going to decide that those who qualified for the older account don’t qualify for the replacement product. It might also have reduced the phone queues at a time that people are having to call because of login issues (though to their credit they do tell you what number you are in the queue, which isn’t the case everywhere.)

If someone was product switching to the Small Saver and leaving the remaining ~£579 (assuming maximum balance) in a low/non-earning current account then finding that a replacement members’ month account is available to take an additional £50 per month is an advantage. Just a tad annoying that they now can’t act on it for 2 days, due to the account maturing on a Saturday (most people’s money is stuck in flight, even if Saffron would credit a weekend deposit at the weekend.)

Kim_13

jameseonline said:

wmb194 said:

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.

How's about getting an instant access account with Saffron?, would that not make things easier?.

I set one up, £10 minimum deposit, earns 4p a month interest, whenever I close an account or have an account maturing I tell Saffron to transfer all the money to that thus avoiding the awful maturity account.

Then I put a request to transfer out, and to be fair to Saffron pay out is pretty quick, got my £0.04 interest show in my Saffron account earlier today and into my nominated account same day

Can you withdraw externally from that account? I have one but no pay out option and when I queried it, was told that that wasn’t possible.

friolento

Kim_13 said:

jameseonline said:

wmb194 said:

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.

How's about getting an instant access account with Saffron?, would that not make things easier?.

I set one up, £10 minimum deposit, earns 4p a month interest, whenever I close an account or have an account maturing I tell Saffron to transfer all the money to that thus avoiding the awful maturity account.

Then I put a request to transfer out, and to be fair to Saffron pay out is pretty quick, got my £0.04 interest show in my Saffron account earlier today and into my nominated account same day

Can you withdraw externally from that account? I have one but no pay out option and when I queried it, was told that that wasn’t possible.

Mine has a "Pay Out" option, to my linked current account at Santander

jameseonline

Kim_13 said:

jameseonline said:

wmb194 said:

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.

How's about getting an instant access account with Saffron?, would that not make things easier?.

I set one up, £10 minimum deposit, earns 4p a month interest, whenever I close an account or have an account maturing I tell Saffron to transfer all the money to that thus avoiding the awful maturity account.

Then I put a request to transfer out, and to be fair to Saffron pay out is pretty quick, got my £0.04 interest show in my Saffron account earlier today and into my nominated account same day

Can you withdraw externally from that account? I have one but no pay out option and when I queried it, was told that that wasn’t possible.

https://www.saffronbs.co.uk/savings/immediate-access-savings-accounts

I have the esaver.

Initially funded by my Virgin Money account and any pay out from my Saffron account goes to same Virgin Money account.