Regular Savings Accounts: The Best Currently Available List!

jameseonline

Kim_13 said:

My £579 and change from Saffron has unexpectedly hit my Nationwide current account dated today. Not sure when as it wasn’t there when I checked early this afternoon. Transferred to my Flex Regular Saver and it’s dated Monday! Odd indeed; as they do credit on weekends at worst I expected it to be dated tomorrow, as neither today nor tomorrow are working days.

Guess there's a cut off time?, Nationwide are open Saturdays..

I transferred money to my Flex Saver & Start To Save early hours of Saturday and those deposits are showing 1st June.

Mind you I don't really understand what exactly does & doesn't happen at the weekend bank wise.

Because I also funded LBG Regular Savings Accounts on 1st June, if I go to transactions the date is 3rd June but underneath it states 1st June.

Regardless of wether or not it's the weekend or not I always fund on the 1st for majority of accounts.

Emily_Joy

Cambridge BS RS Reward Extra

The entry on the 1st page says that it can be opened in branch, by post, or by phone. My Cambridge RS Reward (4% APR) matures in about a week's time and I was able to give maturity instructions online. One option was to open Reward Extra and to fund it using the funds from the maturing account, saving the hassle of posting the form.

The maturity instruction form is very similar to Saffron's.

wiseonesomeofthetime

My Skipton matured 1 Jun, but no sign of those funds yet.

Clearly not as organised as Saffron 🤣

castle96

SKIPTON - SAME HERE. they have the nominated a/c. Monday?

orange-juice

Does the weekend deposit thing with Skipton apply to Saffron too? 

Curious as I manually opened and funded the new account  yesterday (at least I hope I did, used the same payee details but updated the ref no) but it's still showing as £0.

edit: deposit now shown as credited in app (Monday)

chris_the_bee

orange-juice said:

Does the weekend deposit thing with Skipton apply to Saffron too? 

Curious as I manually opened and funded the new account  yesterday (at least I hope I did, used the same payee details but updated the ref no) but it's still showing as £0.

Yes, both Skipton and Saffron do not credit at weekends.

mebu60

wiseonesomeofthetime said:

My Skipton matured 1 Jun, but no sign of those funds yet.

Clearly not as organised as Saffron 🤣

Where are your maturity proceeds destined to go?

My RS maturity funds were in my Skipton EA as requested yesterday. 

RG2015

chris_the_bee said:

orange-juice said:

Does the weekend deposit thing with Skipton apply to Saffron too? 

Curious as I manually opened and funded the new account  yesterday (at least I hope I did, used the same payee details but updated the ref no) but it's still showing as £0.

Yes, both Skipton and Saffron do not credit at weekends.

Skipton do credit at weekends but deposits don’t start to earn interest until the next working day.

Faster payments
Skipton is part of the Faster Payments network which means payments from most UK banks will be applied to your account within 2 hours of the payment being sent, regardless of the day or time they have arrived.

For Faster Payments sent on a weekend, bank holiday or after the evening cut off (typically 6:00 pm) we won’t receive the funds until the next working day. This means that, even though the money might show in your Skipton account, it will not start to earn interest until the next working day.

BooJewels

My Skipton RS matured yesterday and I'd nominated my BRT to receive the funds and was a smidge surprised that it had happened when I looked in today - I was expecting it to not potentially happen until tomorrow.  Perhaps it happened today because it was to another Skipton account. 

wiseonesomeofthetime

mebu60 said:

wiseonesomeofthetime said:

My Skipton matured 1 Jun, but no sign of those funds yet.

Clearly not as organised as Saffron 🤣

Where are your maturity proceeds destined to go?

My RS maturity funds were in my Skipton EA as requested yesterday. 

To an external current account, for onward transmission to my 5.20% Beehive EA (Probably NLA)

I can wait tbh. No drama, for me.

Edit, 08:00, Mon 3 Jun: Just checked my app and the matured funds are showing in my BRT, allegedly of 1 Jun, yet I know that they were not in there on Sunday morning. Could have sworn I chose nominated external account, but no matter, it will move out today.