Regular Savings Accounts: The Best Currently Available List!

dealyboy

flaneurs_lobster said:

Cold_comfort said:

changearound1 said:

orange-juice said:

Both of my YBS 7.0% and Nationwide 8.0% regular savers have received their 12th payments last month, and are due to mature at some point this month.

Is it possible/worthwhile depositing another payment? I think some people complained  a while ago, about Mon BS not applying interest properly to the 13th payment as the account had reached the deposit limit (12 monthly payments)?

YBS 7% has a max balance of £6000 so if you've done 12 x £500 then no 13th payment.

Nationwide 8% has no such restrictions and should be ok for a 13th.

My 13th payment to a Nationwide Flex Regular Saver Issue 2 which also made no reference to a restriction was rejected and returned instantly this morning.

Odd, my 13th was accepted this AM, account now sitting with £2600 and an anniversary date of 21 Sep 24.

... ditto exactly ... I transferred £200 from my Flex Direct account this morning, the Flex Direct transaction is dated 02 September showing 'Withdrawal 01 September'.

pafpcg

Kim_13 said:

liamcov said:

My Monmouthshire maturity letter says if I want to withdraw to my nominated account (which they should already have details of) I need to send a original/certified copy of bank statement - any way around this?

Withdraw to an EA that already has the bank account set up on it, if you have one? Ridiculous that they won’t accept a PDF, though they aren’t the only ones. I guess Mon BS doesn’t have a secure upload facility, either. It has meant me selecting nominated accounts based on having/being able to get a paper statement, when I would prefer to use them roughly equally.

There is a facility to upload files to MonmouthshireBS in the "Messages" section of the web-site once logged-in.

2010

13 x £200 payments into NW over the year making how much in interest.

Is it £120?

[Deleted User]

LZC said:

[Deleted User] said:

orange-juice said:

Both of my YBS 7.0% and Nationwide 8.0% regular savers have received their 12th payments last month, and are due to mature at some point this month.

Is it possible/worthwhile depositing another payment? I think some people complained  a while ago, about Mon BS not applying interest properly to the 13th payment as the account had reached the deposit limit (12 monthly payments)?

Yes,  l deposited £200 this morning for the NW 8% RS.

Is it showing as received on 1st or 2nd (tomorrow)? I had Nationwide down as one where it doesn’t get credited at weekends. 

I sent it at 9.23am this morning and just checked it's been "excepted " as received  in my RS8%  so now £2600 in RS. My account  matures  on 22 Sept.

jameseonline

JamesRobinson48 said:

According to Moneyfacts, Coventry BS will launch a new RS:

Sunny Day Saver  -  6.25% p.a., 12 month term, max £150 pm, max investment £1950.

It's unclear if the interest rate is to be fixed or variable, but on past form I assume it'll be variable.

Interesting stuff, seems to be a trend of low pay ins with high rates, Principality, Saffron, Nationwide (previously), now Coventry.

jameseonline

figgyc said:

JamesRobinson48 said:

According to Moneyfacts, Coventry BS will launch a new RS:

Sunny Day Saver  -  6.25% p.a., 12 month term, max £150 pm, max investment £1950.

It's unclear if the interest rate is to be fixed or variable, but on past form I assume it'll be variable.

Tried to google for a link/info and Which? seem to have their hands on a press release about this account:

https://www.which.co.uk/news/article/coventry-building-society-launches-lottery-style-savings-account-paying-6.25-a5HeM2q4cFIG

Key points:

• Should be available at some point today
• No mention of any loyalty/membership requirement
  
• Interest is indeed variable
  
• As well as interest they are running 11 monthly prize draws, 20 prizes available (1x £500, 5x £200 and 14x  £50). 
• Skipping months allowed (£0 min monthly deposit) but you must deposit £10 to be in the prize draws

As they say sort of similar to the Nationwide Start to Save accounts from a while back.

Oh this is a nice addition, I'll add this to by collection asap.

surreysaver

Cold_comfort said:

changearound1 said:

orange-juice said:

Both of my YBS 7.0% and Nationwide 8.0% regular savers have received their 12th payments last month, and are due to mature at some point this month.

Is it possible/worthwhile depositing another payment? I think some people complained  a while ago, about Mon BS not applying interest properly to the 13th payment as the account had reached the deposit limit (12 monthly payments)?

YBS 7% has a max balance of £6000 so if you've done 12 x £500 then no 13th payment.

Nationwide 8% has no such restrictions and should be ok for a 13th.

My 13th payment to a Nationwide Flex Regular Saver Issue 2 which also made no reference to a restriction was rejected and returned instantly this morning.

My £200 was sent via standing order from my Nationwide Current Account this morning, and is still sitting in the Regular Saver and hasn't bounced back 

jameseonline

I paid all my regulars today bar Coventry as that has a 15th date on it.

Nationwide Flex 2 has been paid with £200 today, so £200 into my FlexDirect & internal transfer to the regular.

The transactions show things as tomorrow, but my available is showing as £2600.

So yeah you can get 13 payments in.

I started a project to deal with 13th payments here that might help:

https://forums.moneysavingexpert.com/discussion/6522620/13th-regular-savings-payment-trick/p1

jameseonline

Just checked the Coventry BS app Sunny Day Saver is showing under Easy Access 😊

orange-juice

I jumped the gun and ended up paying into both YBS and NW so they are showing as 6500 and 2600 respectively. However, I do notice that the NW one says 2 Sep so I guess it's still possible that they might return it ( I didn't realise that they didn't process weekend payments?). Either way, hopefully get the full interest rate applied to both but we'll see.

Also, applied for the Coventry RS. I don't do particular well in these prize draw ones (e.g. previous YBS/NW offers). Good luck to all who've entered  . 

Not sure I'll do that refresh trick as I'll have to pay tax on the interest so might not be worth the trouble.