Regular Savings Accounts: The Best Currently Available List!

Dizzycap

surreysaver said:

orange-juice said:

Re Progressive BS

Has anyone managed to set a linked bank account, and if so, which bank did you link?

Bank of Scotland 

Yes, Lloyds. Linked in seconds and no issues.

saverkev

orange-juice said:

Re Progressive BS

Has anyone managed to set a linked bank account, and if so, which bank did you link?

HSBC wouldn't work  - tried a few times
Lloyds worked fine straight away

FIREmenow

orange-juice said:

Re Progressive BS

Has anyone managed to set a linked bank account, and if so, which bank did you link?

Ulster, straight through. 
This was last week, after all the initial teething problems others have had. 

FIREmenow

I think I saw someone mention on here renewing the Club Lloyds Monthly Saver to push the rate further into next year. How long does it take between closing and being allowed to open again please? 

Wondering whether to risk it tomorrow, I saw at least one person was caught mid-closing/refreshing when Santander reissued the Edge Saver at a lower rate.

masonic

FIREmenow said:

I think I saw someone mention on here renewing the Club Lloyds Monthly Saver to push the rate further into next year. How long does it take between closing and being allowed to open again please? 

Wondering whether to risk it tomorrow, I saw at least one person was caught mid-closing/refreshing when Santander reissued the Edge Saver at a lower rate.

You can get it done intra-day. Unlike Santander, there is no waiting around for someone to manually process the closure.

However, unlike Santander, this is a regular saver account, so you cannot simply refill it to its previous balance. The more months of the year it sits with a £400, £800 etc balance, the less interest you will receive. So renewing comes at a price.

FIREmenow

masonic said:

FIREmenow said:

I think I saw someone mention on here renewing the Club Lloyds Monthly Saver to push the rate further into next year. How long does it take between closing and being allowed to open again please? 

Wondering whether to risk it tomorrow, I saw at least one person was caught mid-closing/refreshing when Santander reissued the Edge Saver at a lower rate.

You can get it done intra-day. Unlike Santander, there is no waiting around for someone to manually process the closure.

However, unlike Santander, this is a regular saver account, so you cannot simply refill it to its previous balance. The more months of the year it sits with a £400, £800 etc balance, the less interest you will receive. So renewing comes at a price.

Thanks @masonic good to know it's quick.
Need to look at all my accounts and decide if restarting is worth it.

However, it would push the interest payment into next tax year, which might bust the savings allowance and cancel out the benefit.

mattojgb

Chase feeder account

Does this account provide any warning if there's not enough money in the account to cover forthcoming standing orders?

Thanks

solartom

Re Monmouth Exclusive RS
Just heard back from Mommouth after sending message this morning 
they are stating that i have reached max balance for account and that funds would be back in my feeder account by end of play today 
i have quoted their own t&c back as discussed in thread that it says nowhere that there is max balance of £ 3600 and asked them to  please check again and get back to me

SavingsBoo

Monmouthshire BS Regular Savers

I finally managed to log back into my online MBS account today (for the two regular savers due to mature this month and next month) and noticed that the 'Next interest due date' on both is showing as 31/03/25.  I know on maturity they will automatically shift to the MBS Easy Saver from which I can close or withdraw and presumably the interest will be calculated and paid then but am slightly taken aback by the date of 31/03/25 shown!  There was no interest paid on 31/03/24 and I'm checking the T&C just now and can't see any reference to when interest is actually paid.

gt94sss2

SavingsBoo said:

Monmouthshire BS Regular Savers

I finally managed to log back into my online MBS account today (for the two regular savers due to mature this month and next month) and noticed that the 'Next interest due date' on both is showing as 31/03/25.  I

The interest will be added to your regular savers on maturity before transferring to an easy saver (if that is your maturity option)