Regular Savings Accounts: The Best Currently Available List!

WillPS

s71hj said:

gt94sss2 said:

s71hj said:

Rich1976 said:

tg99 said:

Can someone remind me how it works if set the date of £250 standing order from a Santander current account to HSBC current account as the same day the £250 standing order goes into the HSBC regular saver? If Santander process their standing orders after HSBC and thus funds not there when HSBC try and take then do HSBC automatically try again later in day a bit like banks do with direct debits? Thks 

No, with standing orders I believe that if the money isn’t there in the account , unless you have an overdraft then the standing order isn’t paid.
so you would need to make sure the money is there the day before I think.
it is the customer who controls standing orders not the recipient of them like direct debits.

Rich1976 said:

tg99 said:

Can someone remind me how it works if set the date of £250 standing order from a Santander current account to HSBC current account as the same day the £250 standing order goes into the HSBC regular saver? If Santander process their standing orders after HSBC and thus funds not there when HSBC try and take then do HSBC automatically try again later in day a bit like banks do with direct debits? Thks 

No, with standing orders I believe that if the money isn’t there in the account , unless you have an overdraft then the standing order isn’t paid.
so you would need to make sure the money is there the day before I think.
it is the customer who controls standing orders not the recipient of them like direct debits.

Do standing orders go in the same day they go out then? I set them up from my main bank account allowing 8 days to allow for delays, weekends, bank holidays for the money to go in to eg hsbc, coop for the standing order to then go from that bank account to their regular saver. Am I being excessively cautious?!

They do and you are being excessively cautious unless you are using someone like Chase who ignore industry rules and send payments on non working days

So standing order from my Santander bank account will land in my hsbc or first direct bank account same day even if a weekend day then?

Santander won't pay it on a weekend day. It'd leave your account the next working day and arrive at the destination the same day.

gt94sss2

s71hj said:

gt94sss2 said:

s71hj said:

Rich1976 said:

tg99 said:

Can someone remind me how it works if set the date of £250 standing order from a Santander current account to HSBC current account as the same day the £250 standing order goes into the HSBC regular saver? If Santander process their standing orders after HSBC and thus funds not there when HSBC try and take then do HSBC automatically try again later in day a bit like banks do with direct debits? Thks 

No, with standing orders I believe that if the money isn’t there in the account , unless you have an overdraft then the standing order isn’t paid.
so you would need to make sure the money is there the day before I think.
it is the customer who controls standing orders not the recipient of them like direct debits.

Rich1976 said:

tg99 said:

Can someone remind me how it works if set the date of £250 standing order from a Santander current account to HSBC current account as the same day the £250 standing order goes into the HSBC regular saver? If Santander process their standing orders after HSBC and thus funds not there when HSBC try and take then do HSBC automatically try again later in day a bit like banks do with direct debits? Thks 

No, with standing orders I believe that if the money isn’t there in the account , unless you have an overdraft then the standing order isn’t paid.
so you would need to make sure the money is there the day before I think.
it is the customer who controls standing orders not the recipient of them like direct debits.

Do standing orders go in the same day they go out then? I set them up from my main bank account allowing 8 days to allow for delays, weekends, bank holidays for the money to go in to eg hsbc, coop for the standing order to then go from that bank account to their regular saver. Am I being excessively cautious?!

They do and you are being excessively cautious unless you are using someone like Chase who ignore industry rules and send payments on non working days

So standing order from my Santander bank account will land in my hsbc or first direct bank account same day even if a weekend day then?

Neither Santander, HSBC or First Direct will process a standing order on a weekend. They will automatically do it the next working day

s71hj

gt94sss2 said:

s71hj said:

gt94sss2 said:

s71hj said:

Rich1976 said:

tg99 said:

Can someone remind me how it works if set the date of £250 standing order from a Santander current account to HSBC current account as the same day the £250 standing order goes into the HSBC regular saver? If Santander process their standing orders after HSBC and thus funds not there when HSBC try and take then do HSBC automatically try again later in day a bit like banks do with direct debits? Thks 

No, with standing orders I believe that if the money isn’t there in the account , unless you have an overdraft then the standing order isn’t paid.
so you would need to make sure the money is there the day before I think.
it is the customer who controls standing orders not the recipient of them like direct debits.

Rich1976 said:

tg99 said:

Can someone remind me how it works if set the date of £250 standing order from a Santander current account to HSBC current account as the same day the £250 standing order goes into the HSBC regular saver? If Santander process their standing orders after HSBC and thus funds not there when HSBC try and take then do HSBC automatically try again later in day a bit like banks do with direct debits? Thks 

No, with standing orders I believe that if the money isn’t there in the account , unless you have an overdraft then the standing order isn’t paid.
so you would need to make sure the money is there the day before I think.
it is the customer who controls standing orders not the recipient of them like direct debits.

Do standing orders go in the same day they go out then? I set them up from my main bank account allowing 8 days to allow for delays, weekends, bank holidays for the money to go in to eg hsbc, coop for the standing order to then go from that bank account to their regular saver. Am I being excessively cautious?!

They do and you are being excessively cautious unless you are using someone like Chase who ignore industry rules and send payments on non working days

So standing order from my Santander bank account will land in my hsbc or first direct bank account same day even if a weekend day then?

Neither Santander, HSBC or First Direct will process a standing order on a weekend. They will automatically do it the next working day

gt94sss2 said:

s71hj said:

gt94sss2 said:

s71hj said:

Rich1976 said:

tg99 said:

Can someone remind me how it works if set the date of £250 standing order from a Santander current account to HSBC current account as the same day the £250 standing order goes into the HSBC regular saver? If Santander process their standing orders after HSBC and thus funds not there when HSBC try and take then do HSBC automatically try again later in day a bit like banks do with direct debits? Thks 

No, with standing orders I believe that if the money isn’t there in the account , unless you have an overdraft then the standing order isn’t paid.
so you would need to make sure the money is there the day before I think.
it is the customer who controls standing orders not the recipient of them like direct debits.

Rich1976 said:

tg99 said:

Can someone remind me how it works if set the date of £250 standing order from a Santander current account to HSBC current account as the same day the £250 standing order goes into the HSBC regular saver? If Santander process their standing orders after HSBC and thus funds not there when HSBC try and take then do HSBC automatically try again later in day a bit like banks do with direct debits? Thks 

No, with standing orders I believe that if the money isn’t there in the account , unless you have an overdraft then the standing order isn’t paid.
so you would need to make sure the money is there the day before I think.
it is the customer who controls standing orders not the recipient of them like direct debits.

Do standing orders go in the same day they go out then? I set them up from my main bank account allowing 8 days to allow for delays, weekends, bank holidays for the money to go in to eg hsbc, coop for the standing order to then go from that bank account to their regular saver. Am I being excessively cautious?!

They do and you are being excessively cautious unless you are using someone like Chase who ignore industry rules and send payments on non working days

So standing order from my Santander bank account will land in my hsbc or first direct bank account same day even if a weekend day then?

Neither Santander, HSBC or First Direct will process a standing order on a weekend. They will automatically do it the next working day

OK. So some degree of caution is necessary then but perhaps not the 8 days I have been allowing?

schiff

fonesaver said:

AndyTh_2 said:

I still get "further checks" needed when opening a YBS account even though a member for years

Same here. ...member since 1990s, same address since 1992. I have 4 accounts at the moment.
I have had more accounts with YBS than I've eaten Yorkshire puddings!

A bit the same. In a way I'm pleased to know that I'm not being targeted, I thought perhaps I was as I've complained strongly about the insistence for ID.
This is my fifth YBS account opened this year.
The first three I had to post the documents (£1+ for postage), then a Mitek check which went OK, another Mitek today.
We are on intimate terms and the fact they pre-populate my application forms proves it!
They are so hidebound by the rules. But their RSs are irresistible so I stay attached.

poolboy

Ybs 50gbp 8% done, all of 8 mins on the ybs website. HSBC done yesterday, so now up to 25 active rsa s.  Thanks for tips on here, well worth it as easy access rates are falling away.  

jameseonline

Really struggled to login just.

YBS want my ID, I have none, oh well.

Seems dumb as to me, I already hold several accounts with them including 2 regular savers.

Also dumb is they emailed me to say it's available.

dingling68

YBS 8% 

Have jst tried to open through app, it struggled to access my details and then had message that it was no longer available.

YBS have sent me an email just now offering a free savings review by phone?? May just be coincidence though?

WillPS

Their system is melting under the pressure, entirely as expected. I suspect Nationwide will be similarly broken if they release a new account in a couple of weeks too.

jameseonline

WillPS said:

Their system is melting under the pressure, entirely as expected. I suspect Nationwide will be similarly broken if they release a new account in a couple of weeks too.

The thing that doesn't help the YBS situation is the fact the email states they could get rid of it at any time.

There's a Nationwide one expected?

Please don't, my issue 2 flex regular is ending & I want issue 3🥹

savethepandas

dingling68 said:

YBS 8% 

Have jst tried to open through app, it struggled to access my details and then had message that it was no longer available.

YBS have sent me an email just now offering a free savings review by phone?? May just be coincidence though?

Opened mine slowly, went to open one for OH and says no longer available. Think it is an IT issue.