Regular Savings Accounts: The Best Currently Available List!

jaypers

Bit confused about the YBS RS account, as I successsfully applied for a joint account. Just seen this on their site.......

Can it be a joint account?

No.

???

RosieRooBear

jaypers said:

Bit confused about the YBS RS account, as I successsfully applied for a joint account. Just seen this on their site.......

Can it be a joint account?

No.

???

I opened a joint account a couple of weeks ago and today both my husband and I each opened the YBS £50 ESaver. It’s better to have an account each rather then one joint anyway as double the amount at 8% you can save.

flaneurs_lobster

jaypers said:

Bit confused about the YBS RS account, as I successsfully applied for a joint account. Just seen this on their site.......

Can it be a joint account?

No.

???

??? indeed. OTOH it's only £50/month, why would you not get one each?

gt94sss2

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 

Yes, HSBC would try the standing order again later in the day

Having said that Santander send their standing orders before HSBC do 

gt94sss2

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

s71hj

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?

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.