Regular Savings Accounts: The Best Currently Available List!

Johnny-Cage

Had my Club Lloyds RS mature yesterday and got a little more interest that I expected £165.34, funds moved about and new RS started this morning and funded 

CuparLad

Principality Regular Saver 33

I had a letter from PBS the other day about this regular saver, where I had elected to close the RS at maturity and transfer funds to my current account. The letter states that "your funds wil be transferred to your nominated account on 9th June 2024." This seems unlikely bearing in mind the 9th is a Sunday. Does anyone have any experience of PBS accounts maturing over the weekend and whether they do pay out over the weekend, or next working day?

pochisoldi

DJDools said:

pochisoldi said:

Been trying to open a new Saffron Members Month Regular Saver (via the website) - all I get is a reference number, no followup/confirmation email, and no new account showing on the website or in the app.

Anybody else having issues? Or should I just be a little more patient?

I received an email almost instantly telling me my Saffron Members Month Regular Saver a/c was open. Perhaps message them, after checking your sp@m box... 

Phoned them up. When setting up the account you need to link to a current account, and it looks like they do a confirmation of payee check, and for some reason it was flagged. From speaking to a human to getting the account open email took about 8 minutes. 

Thomas_Crown

CuparLad said:

Principality Regular Saver 33

I had a letter from PBS the other day about this regular saver, where I had elected to close the RS at maturity and transfer funds to my current account. The letter states that "your funds wil be transferred to your nominated account on 9th June 2024." This seems unlikely bearing in mind the 9th is a Sunday. Does anyone have any experience of PBS accounts maturing over the weekend and whether they do pay out over the weekend, or next working day?

I've had several Regular Saver accounts with PBS in recent years. I can remember one RS maturing on a Saturday, with the funds landing in my nominated current account by 00.15hrs on the Sunday. However, when my last PBS RS account matured on a Saturday, the funds weren't in my current account until Monday.

jameseonline

jameseonline said:

jameseonline said:

Just checked my Saffron app, Maturity Manager showing up for my 9% Members Month account, shows up with my instruction to go into my Easy Access Saffron account and the amount on 5th June will be £629.75 in total.😊🙂

My account has matured today, £629.75 as stated by maturity manager & transferred to my Saffron Easy Access as instructed, also requested a payout from said account to my nominated account, hopefully that will turn up in a few hours.

Guess next step is to open the new 8% version 😁

Got my money in my nominated account, filled application earlier this evening, got a reference number, maybe they will open it tomorrow?

subjecttocontract

CuparLad said:

Principality Regular Saver 33

I had a letter from PBS the other day about this regular saver, where I had elected to close the RS at maturity and transfer funds to my current account. The letter states that "your funds wil be transferred to your nominated account on 9th June 2024." This seems unlikely bearing in mind the 9th is a Sunday. Does anyone have any experience of PBS accounts maturing over the weekend and whether they do pay out over the weekend, or next working day?

Mine matures on 15th June and they have told me they will be paying the proceeds into my nominated account on 15th June ( a Saturday).........so that's exactly what I'm expecting.

Bridlington1

Regarding the Progressive BS Online Regular Rainy Day Saver Account at 7%, just to give anyone who may be interested an indication as to the timescales/processes involved:

I requested an application pack for the Branch Instant Access Saver be sent to me on 23rd May, this arrived the next day with a prepaid envelope. I completed this and sent it off the same day. I telephoned Progressive BS yesterday evening to see if there was an update on my application, they said the account had been opened the day before (4th June).

I've just opened the Rainy Day Saver online. The application/online banking registration process was pretty straightforward in my case, it was just a case of say that I'm an existing member (I didn't need my existing account number for this), fill in a few details, upload a photo of my passport and take a selfie (can all be done on a laptop), which were verified there and then. From there I could generate a password and open the account immediately.

With regards to the authenticator app, I was given the option to instead receive OTPs via WhatsApp rather than bothering with the authenticator app. If you choose the WhatsApp option it seems to just send SMS messages directly to your mobile phone.

Once funds have arrived from my Skipton MBS I'll make a deposit into the account by faster payment so should be able to give an indication as to how quick deposits are in due course. One other thing to note is that you can also make deposits into this account by debit card if you wish. 

qbadger

Did you need to include certified copy of your ID with the application pack for the branch saver?

10_66

qbadger said:

Did you need to include certified copy of your ID with the application pack for the branch saver?

Re Progressive; I rang them a week or so ago, and they confirmed they definitely will not do electronic ID checks, only certified copies.  Unfortunately, I'd have to pay for certified copies (Bridlington1 said a while back that they have access to free certified copies).

Bridlington1

Bridlington1 said:

Once funds have arrived from my Skipton MBS I'll make a deposit into the account by faster payment so should be able to give an indication as to how quick deposits are in due course. One other thing to note is that you can also make deposits into this account by debit card if you wish. 

I sent my opening deposit at about 9am, I've just logged into online banking and the funds have arrived so funds seem to arrive pretty quickly considering you have to give your account number as a reference.

EDIT:
The option to set a nominated account for withdrawals appears once you've made your initial deposit.