Regular Savings Accounts: The Best Currently Available List!

orange-juice

I've got money locked away in the Beehive Online Fixed Regular Saver (6.00%). My first deposit was made on the 27th of June, which I would guess was the opening date. However, the maturity date on  online banking is shown as 27 July, which suggests it's a 13 month term account? Bit strange but waiting impatiently for maturity communications.

fonesaver

orange-juice said:

I've got money locked away in the Beehive Online Fixed Regular Saver (6.00%). My first deposit was made on the 27th of June, which I would guess was the opening date. However, the maturity date on  online banking is shown as 27 July, which suggests it's a 13 month term account? Bit strange but waiting impatiently for maturity communications.

The maximum balance is £3500 and on the UK Saver week RS it's £3250.

Wheres_My_Cashback

orange-juice said:

I've got money locked away in the Beehive Online Fixed Regular Saver (6.00%). My first deposit was made on the 27th of June, which I would guess was the opening date. However, the maturity date on  online banking is shown as 27 July, which suggests it's a 13 month term account? Bit strange but waiting impatiently for maturity communications.

Matures 31/07 and as already stated £3500

Catplan

fonesaver said:

orange-juice said:

I've got money locked away in the Beehive Online Fixed Regular Saver (6.00%). My first deposit was made on the 27th of June, which I would guess was the opening date. However, the maturity date on  online banking is shown as 27 July, which suggests it's a 13 month term account? Bit strange but waiting impatiently for maturity communications.

The maximum balance is £3500 and on the UK Saver week RS it's £3250.

Does that include the £2.63 interest they added July 23? Current balance is £3252.63…. 

flaneurs_lobster

Catplan said:

fonesaver said:

orange-juice said:

I've got money locked away in the Beehive Online Fixed Regular Saver (6.00%). My first deposit was made on the 27th of June, which I would guess was the opening date. However, the maturity date on  online banking is shown as 27 July, which suggests it's a 13 month term account? Bit strange but waiting impatiently for maturity communications.

The maximum balance is £3500 and on the UK Saver week RS it's £3250.

Does that include the £2.63 interest they added July 23? Current balance is £3252.63…. 

Are you asking if the final month's deposit of £250 might bounce because it would take the balance over £3500?

Think it might well do (had something similar happen with another BS). Change the last payment to be £247, will save any hassle with bounced payments and re-submissions (and loss of interest).

Or just ask Beehive/Nottingham, they're really nice on the phone.

Speculator

I have a First Direct Standing Order due to leave tomorrow (Sat 8 Jun) to fund my First Direct Regular Saver.

Does anyone know if First Direct process internal standing orders on a weekend? 

Thanks.

Bridlington1

Speculator said:

I have a First Direct Standing Order due to leave tomorrow (Sat 8 Jun) to fund my First Direct Regular Saver.

Does anyone know if First Direct process internal standing orders on a weekend? 

Thanks.

They don't process SOs on weekends/bank holidays, the SO will go out on Monday 10th instead

CuparLad

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 stand corrected. The RS matured overnight and the proceeds appeared in my current account just before 10:00am on Sunday (albeit dated in my Current Account as tomorrow (Monday)).

wiseonesomeofthetime

As per @CuparLad 's experience, my Principality RS matured on 9 June, as designated, albeit being a Sunday, much to my surprise. Enabled me to access my funds and distribute to their required destinations, within minutes

Bridlington1

Not a top regular saver by any stretch of the imagination but it could be of interest to some, Ford Money have launched a Step Up regular saver at 4.75% (fixed).

The account lasts 12 months, allows you to deposit up to £200/mth and allows unlimited penalty free withdrawals.