Regular Savings Accounts: The Best Currently Available List!

t1redmonkey

schiff said:

Monmouthshire BS as usual take two days to register faster payments into the regular savers. They are the worst.
However, in my statement of affairs letter recently received, they announce that they are proposing an app. 
It may take time but at least it's something positive. Hope springs eternal!

They told me in April 2023 they were developing an app that they were hoping to release by end of that year, but nothing materialised.  Hopefully they are closer to finishing it now though if you've seen it mentioned elsewhere.

https://forums.moneysavingexpert.com/discussion/comment/80012577#Comment_80012577

Bridlington1

drphila said:

Bridlington1 said:

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. 

Interesting about 2FA. Didn't choose whatsapp because use different number for that but if they send it by SMS I needn't have bothered with an authenticator app.

On this point you can change your authentication method in online banking if you wish (go to your name on the top RHS of the screen, click ``profile" and there should be an option to edit your details). I haven't tried this myself as my phone can be a bit hit and miss regarding which apps are compatible with it, plus I have too many financial apps on there already so my phone does tend to run low on memory.

jameseonline

jameseonline said:

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?

I just called them, it's a nominated account/COP issue, in other words they have issues with my Virgin account but as it's on their system from before they've gone ahead and now opened the account.

I've had issues having Virgin being a nominated account before with other providers, I've even tried getting answers before from Virgin and they don't have a clue.

Ahh well.

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