Regular Savings Accounts: The Best Currently Available List!

BestSeagull

I'm going to apply for the Melton account. In the past with postal applications, I've not sent a cheque and have just done a manual transfer in once I have the account details. Is this the most efficient way to do it generally or does sending a cheque for the first payment make more sense?

gwapenut

I laud the Loughborough's attention to detail on their retirement saver with £55-£550 limits, 55 year old entry requirement and 5.5% interest rate. However, I find the term of 60 months disappointingly sloppy.

Bridlington1

BestSeagull said:

I'm going to apply for the Melton account. In the past with postal applications, I've not sent a cheque and have just done a manual transfer in once I have the account details. Is this the most efficient way to do it generally or does sending a cheque for the first payment make more sense?

For postal applications, including Melton, I've typically just sent a cheque to open the account, especially when opening accounts near the end of the month.

Having said that I've still got a £2.5k arranged OD facility on my Nationwide account (legacy of stoozing) so I don't have to keep money sat in a current account at a low/poor rate whilst I wait for the cheque to be taken.

It's worth noting as an aside that Melton BS will send out application packs in the post with prepaid envelope if requested, so there's no need to pay for a stamp.

fonesaver

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!

poshrule_uk

Just tried logging into my new YBS account and I'm getting an error message. Is this a wide spread thingy? I'm a brand new customer.

Bigwheels1111

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!

Same here, 5 accounts with them already and want iD.

Just moved so no iD.

[Deleted User]

Thankyou for this information, I have opened account and put the first £50 in.

friolento

OneUser1 said:

The 8% Yorkshire opened and funded but the £50 not showing yet - only been a minute. However you have to open the on-line version via the website right now (7:51AM) since it’s not an option in the App yet.

Edited to add funds now showing. Opened in a couple of minutes and no issues. 

I opened it through the app

BestSeagull

Bridlington1 said:

BestSeagull said:

I'm going to apply for the Melton account. In the past with postal applications, I've not sent a cheque and have just done a manual transfer in once I have the account details. Is this the most efficient way to do it generally or does sending a cheque for the first payment make more sense?

For postal applications, including Melton, I've typically just sent a cheque to open the account, especially when opening accounts near the end of the month.

Having said that I've still got a £2.5k arranged OD facility on my Nationwide account (legacy of stoozing) so I don't have to keep money sat in a current account at a low/poor rate whilst I wait for the cheque to be taken.

It's worth noting as an aside that Melton BS will send out application packs in the post with prepaid envelope if requested, so there's no need to pay for a stamp.

Thanks to your comment yesterday, the application pack is on the way.
Thank you!

s71hj

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?!