Regular Savings Accounts: The Best Currently Available List!

chris_the_bee

jameseonline said:

chris_the_bee said:

jameseonline said:

Setup Club Lloyds, Principality & TSB today 😁, TSB has a start date of tomorrow because they make you do a standing order but other 2 have been funded today.

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

Ah So.
Make 1st payment by STO, then cancel STO & pay manually for future months.
Doesn't help your tomorrow payment, but may help you in the future.

intalex

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.

Their web chat team confirmed to me that a manual internal transfer from their BRT to RS would work on Saturdays, on the basis that they are open for business 9am - 12noon on Saturdays, and the transfer would reflect the 1st June date. I'm going to try it out tomorrow morning, will report back on here whether successful.

Bobblehat

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.

Thanks for the heads up. Is that true for internal transfers as well (Skip BRT to Skip Mem RS)?

jameseonline

chris_the_bee said:

jameseonline said:

chris_the_bee said:

jameseonline said:

Setup Club Lloyds, Principality & TSB today 😁, TSB has a start date of tomorrow because they make you do a standing order but other 2 have been funded today.

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

Ah So.
Make 1st payment by STO, then cancel STO & pay manually for future months.
Doesn't help your tomorrow payment, but may help you in the future.

It doesn't really matter in grand scheme of things but thanks

flaneurs_lobster

jameseonline said:

[Deleted User] said:

jameseonline said:

flaneurs_lobster said:

Bridlington1 said:

Bridlington1 said:

Principality BS 1 Year Regular Saver Bond (Issue 33) has disappeared from moneyfacts suggesting it will soon go NLA.

To be replaced by Issue 34 at the same rate (5.5%)

Now live:
https://www.principality.co.uk/savings-accounts/fixed-term-savings-and-bonds/1-year-regular-saver-bond

Assume that "Only one of the current issue per person" means that you can't hold Issues 33 and 34 at the same time?

You can have 33, 34 and whatever else just no more than 1 of each number

Answer my question.:)

Page 1275 is full of knowledge 😊

Having re-read Page 1275, it's also home to a particularly stupid question from myself.

jameseonline

flaneurs_lobster said:

jameseonline said:

[Deleted User] said:

jameseonline said:

flaneurs_lobster said:

Bridlington1 said:

Bridlington1 said:

Principality BS 1 Year Regular Saver Bond (Issue 33) has disappeared from moneyfacts suggesting it will soon go NLA.

To be replaced by Issue 34 at the same rate (5.5%)

Now live:
https://www.principality.co.uk/savings-accounts/fixed-term-savings-and-bonds/1-year-regular-saver-bond

Assume that "Only one of the current issue per person" means that you can't hold Issues 33 and 34 at the same time?

You can have 33, 34 and whatever else just no more than 1 of each number

Answer my question.:)

Page 1275 is full of knowledge 😊

Having re-read Page 1275, it's also home to a particularly stupid question from myself.

We've all asked stupid questions before right?😁

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.