Regular Savings Accounts: The Best Currently Available List!

Bridlington1

allegro120 said:

jameseonline said:

10_66 said:

jameseonline said:

10_66 said:

ThePirates said:

So the Principality 6 Mth Saver says £200 per month. To maximise interest am I right in thinking £200 today and the the 1st of each month for the next 5 or is it the 20th of each month?

You can deposit now and then on 1st of the month.  Maximum balance permitted is £1,200 over the 6 month period.

Or setup closer to the end of the month making the next payment on the 1st

If it's still available at the end of the month.

Why wouldn't it be?, they've only just launched it, pretty sure it will be around for just over a week, pretty sure their other regular accounts have lasted more than a week before being pulled too.

But yes it's a possibility but I doubt it.

Past performance is no guarantee of future results.  Since I've missed 7% MonBS in August last year (it was on sale for only one or two days) I open accounts on the day they become available. May not be the perfect strategy but works for me well.

It was on offer for around 24 hours IIRC (including the time after it had been removed from the website but before the application link stopped working).

For me it depends on the individual account and how I'm doing for cashflow, there is a small subset of regular savers (Co-op, Gatehouse, etc) in which the account term begins on the date you make your first deposit so I will typically open the account as soon as possible and then delay funding or keep letting it automatically close for failure to fund and immediately open new ones (as I've done with the Gatehouse 5.3% RS for a while), so that if the account becomes useful I can push the maturity dates on as long as possible and feel the full benefits of the account.

Others can be very quickly ``refreshed" so I often end up opening and funding immediately and then if they're still available ``refreshing" at the end of the month, a fairly recent example of this was when I renewed a Saffron Small Saver into itself for tax purposes, cashflow and interest maximisation twice in April (once around the 4th or 5th, the next on 30th).

For many accounts I do as you do though, including the PBS 8% regular saver. By quirk of cashflow I had ended up with exactly £201 in the Skipton Member Bonus Saver so I chose to open/fund the account now whilst retaining the option of possibly ``refreshing" the account at a later date.

Wheres_My_Cashback

allegro120 said:

jameseonline said:

10_66 said:

jameseonline said:

10_66 said:

ThePirates said:

So the Principality 6 Mth Saver says £200 per month. To maximise interest am I right in thinking £200 today and the the 1st of each month for the next 5 or is it the 20th of each month?

You can deposit now and then on 1st of the month.  Maximum balance permitted is £1,200 over the 6 month period.

Or setup closer to the end of the month making the next payment on the 1st

If it's still available at the end of the month.

Why wouldn't it be?, they've only just launched it, pretty sure it will be around for just over a week, pretty sure their other regular accounts have lasted more than a week before being pulled too.

But yes it's a possibility but I doubt it.

Past performance is no guarantee of future results.  Since I've missed 7% MonBS in August last year (it was on sale for only one or two days) I open accounts on the day they become available. May not be the perfect strategy but works for me well.

There is a lot of paranoia here about RS availability suddenly closing soon after becoming available and most of it is completely unsubstantiated. 39 of my 43 RS have been opened in the last 4 days of the month it has become available, therefore maximising gain, never have I missed one by delaying an opening. 
However, I would agree that MONBS is one where you shouldn't hang about as they do not have the infrastructure to deal with a large influx and will often pull them quickly. Principality never have and this one can wait just as the Saffron MML will, though a consideration for the PBS 6 month is the maturity date occurring over the XMAS period if delaying the opening, which could 'potentially' delay fund availability upon maturity.
Quite outstanding that 8th PBS have so many RS on the go at once. When opened I will be funding 8 from them.
Obviously tax implications and cash flow may impact your selected opening date, each to thir own.

WillPS

Principality BS

I'm guessing I should ignore the 'first deposit' info on the sign up flow, which states:

The minimum amount to fund is £1.00

Maximum deposit is £1200.00

Presumably a £1200 first deposit would fall straight out?

jameseonline

WillPS said:

Principality BS

I'm guessing I should ignore the 'first deposit' info on the sign up flow, which states:

The minimum amount to fund is £1.00

Maximum deposit is £1200.00

Presumably a £1200 first deposit would fall straight out?

What do you mean by fall straight out?

Janie2008

WillPS said:

Principality BS

I'm guessing I should ignore the 'first deposit' info on the sign up flow, which states:

The minimum amount to fund is £1.00

Maximum deposit is £1200.00

Presumably a £1200 first deposit would fall straight out?

Maximum deposit over the 6 month term,  so if you deposit £200 today and another £200 on the 1st July and so on you have to stop once you reach £1200.

WillPS

Janie2008 said:

WillPS said:

Principality BS

I'm guessing I should ignore the 'first deposit' info on the sign up flow, which states:

The minimum amount to fund is £1.00

Maximum deposit is £1200.00

Presumably a £1200 first deposit would fall straight out?

Maximum deposit over the 6 month term,  so if you deposit £200 today and another £200 on the 1st July and so on you have to stop once you reach £1200.

I get that, it's presented in a box of information about how to make the first deposit though. I presume it's just a bug in Principality's system where it states the maximum size of the deposit is the maximum account balance.

PowerSavingMode

Oh dear

I attempted to 'renew' my BoS month saver using the technique below BUT...

Descrabled said:

The technique used is:

1 Empty the regular saver. 

2 Renew account to annother type of saver. 

3 Bank adds accrued interest.

4 Remove interest and close account. 

5 Bank provides closing statement. 

6 Open new regular saver if and when required. 

I got as far as empty the regular saver, and clicked on the 'renew account' to the right of said saver and got this screen — any idea what went wrong?

I daren't close the account, as I seem to remember BoS don't allow you to open another MS within 12 months (this one had a fair number of months left and I was hoping to fix in the rate to go well into next year).

10_66

jameseonline said:

10_66 said:

jameseonline said:

10_66 said:

ThePirates said:

So the Principality 6 Mth Saver says £200 per month. To maximise interest am I right in thinking £200 today and the the 1st of each month for the next 5 or is it the 20th of each month?

You can deposit now and then on 1st of the month.  Maximum balance permitted is £1,200 over the 6 month period.

Or setup closer to the end of the month making the next payment on the 1st

If it's still available at the end of the month.

Why wouldn't it be?, they've only just launched it, pretty sure it will be around for just over a week, pretty sure their other regular accounts have lasted more than a week before being pulled too.

But yes it's a possibility but I doubt it.

It's a 50/50 chance, you said you're pretty sure, but you can't be 100% sure.  It may well still be available in a week or two's time, but it's not a certainty.  So, if one definitely wants this account then there's only one way of securing it...

AndyTh_2

DJDools said:

Oh dear

I attempted to 'renew' my BoS month saver using the technique below BUT...

Descrabled said:

The technique used is:

1 Empty the regular saver. 

2 Renew account to annother type of saver. 

3 Bank adds accrued interest.

4 Remove interest and close account. 

5 Bank provides closing statement. 

6 Open new regular saver if and when required. 

I got as far as empty the regular saver, and clicked on the 'renew account' to the right of said saver and got this screen — any idea what went wrong?

I daren't close the account, as I seem to remember BoS don't allow you to open another MS within 12 months (this one had a fair number of months left and I was hoping to fix in the rate to go well into next year).

Halifax/BOS/Lloyds online functionality is regularly temporarily buggy, sometimes even a logout and login again resolves it, you could try to renew again, rather than close.

step 1 is unnecessary though, you can renew it with the money in, and since it'll be getting interest may as well do the transfer in one transaction after renewal.

wiseonesomeofthetime

Opened and funded mine last night, as an existing customer, within minutes and zero hassle.