Regular Savings Accounts: The Best Currently Available List!

jameseonline

allegro120 said:

jameseonline said:

I opened mine with £200 today it's been credited with tomorrow's date.

I've made the same mistake.  I forgot to look at my spreadsheet where it is clearly stated "NO" for weekend deposits.  Not a big deal, only about 3.5p loss I think

I'm not bothered about that to be honest it's something that I feel needed to be done, plus if they do pull the account tomorrow or whatever I've protected myself 

WillPS

I have a funny feeling Nationwide are going to refresh their accounts soon, that's probably a good reason to get an issue 3 in. Even if there is a new issue with a better rate and it blocks current holders of previous issues, it's dead easy to close accounts with Nationwide - just have to hope the account is available for more than the 24 hours that reset takes.

AmityNeon

allegro120 said:

jameseonline said:

I opened mine with £200 today it's been credited with tomorrow's date.

I've made the same mistake. I forgot to look at my spreadsheet where it is clearly stated "NO" for weekend deposits. Not a big deal, only about 3.5p loss I think

Nationwide pays interest from the "Effective Date" as listed in the Details column in statements; this is the date funds were literally credited to the account. The Lloyds Banking Group also operate in this manner in terms of earning interest, although unlike Nationwide, LBG's monthly deposit restrictions are based on the posted date. With Nationwide, you can make a monthly deposit on Sat 30 Sep and Sun 01 Oct, and both transactions will have a posted date of 02 Oct. With LBG, a deposit on Sat 30 Sep will count as October's contribution (but will earn interest from 30 Sep).

The NatWest Group do the opposite, where interest is earned from the posted date (i.e. the first working day after the literal/effective date listed in transaction details).

allegro120

jameseonline said:

allegro120 said:

jameseonline said:

I opened mine with £200 today it's been credited with tomorrow's date.

I've made the same mistake.  I forgot to look at my spreadsheet where it is clearly stated "NO" for weekend deposits.  Not a big deal, only about 3.5p loss I think

I'm not bothered about that to be honest it's something that I feel needed to be done, plus if they do pull the account tomorrow or whatever I've protected myself 

The same here. I open them as soon as they become available, but you don't have to fund them straight away to secure the product.

allegro120

AmityNeon said:

allegro120 said:

jameseonline said:

I opened mine with £200 today it's been credited with tomorrow's date.

I've made the same mistake. I forgot to look at my spreadsheet where it is clearly stated "NO" for weekend deposits. Not a big deal, only about 3.5p loss I think

Nationwide pays interest from the "Effective Date" as listed in the Details column in statements; this is the date funds were literally credited to the account. The Lloyds Banking Group also operate in this manner in terms of earning interest, although unlike Nationwide, LBG's monthly deposit restrictions are based on the posted date. With Nationwide, you can make a monthly deposit on Sat 30 Sep and Sun 01 Oct, and both transactions will have a posted date of 02 Oct. With LBG, a deposit on Sat 30 Sep will count as October's contribution (but will earn interest from 30 Sep).

The NatWest Group do the opposite, where interest is earned from the posted date (i.e. the first working day after the literal/effective date listed in transaction details).

Thank you! I've changed Nationwide to"YES" on my spreadsheet.  This is my list, please tell me if anything is still wrong there and I can't remember what's the deal with Coventry.
LBG - yes
Co-op - no
Coventry -?
Gatehouse - yes
Hanley - no
Loughborough - no
Mansfield - no
Melton - yes
MonBS - yes
NatWest/RBS - no
Nottingham - yes
Nationwide - yes
Principality - yes
Progressive - no
Saffron - no
Skipton - no
Tipton - no
TSB -yes
VM - no
West Brom - yes
YBS - yes

Kim_13

My experience with Nationwide has been that a deposit on Saturday will credit that day, but a Sunday deposit (or after whatever is the cut off time on Saturday) is treated as received on Monday.

I was able to get a payment into my Skipton RS on 1st September (Sunday), via Faster Payment. Internal transfers are working days only.

masonic

allegro120 said:

Bridlington1 said:

masonic said:

Issue with Halifax early closure is that it requires a branch visit IIRC.

Unless you renew the account into an EA account, which can be done online without penalty. From there you can close the account in online banking.

Halifax.
If my memory is not failing me, when they increased the rate last time I was able to close old and open new RS online without any "renewal" tricks.

Strange, mine eventually reached maturity this month, and is now going to sit there empty for a year, because I have no option to either "renew" it or close it without visiting a branch, which I can't be bothered to do.

allegro120

Kim_13 said:

My experience with Nationwide has been that a deposit on Saturday will credit that day, but a Sunday deposit (or after whatever is the cut off time on Saturday) is treated as received on Monday.

Displayed or treated? LGB displays next working day, but the interest accrues from the date the funds landed in the account.

allegro120

masonic said:

allegro120 said:

Bridlington1 said:

masonic said:

Issue with Halifax early closure is that it requires a branch visit IIRC.

Unless you renew the account into an EA account, which can be done online without penalty. From there you can close the account in online banking.

Halifax.
If my memory is not failing me, when they increased the rate last time I was able to close old and open new RS online without any "renewal" tricks.

Strange, mine eventually reached maturity this month, and is now going to sit there empty for a year, because I have no option to either "renew" it or close it without visiting a branch, which I can't be bothered to do.

Looked at my records. My 4.5% was opened on 9 Nov 22 and 5.5% on 15 March 23 and I'm absolutely sure I didn't have to visit branch for this. Things must have changed.

masonic

allegro120 said:

masonic said:

allegro120 said:

Bridlington1 said:

masonic said:

Issue with Halifax early closure is that it requires a branch visit IIRC.

Unless you renew the account into an EA account, which can be done online without penalty. From there you can close the account in online banking.

Halifax.
If my memory is not failing me, when they increased the rate last time I was able to close old and open new RS online without any "renewal" tricks.

Strange, mine eventually reached maturity this month, and is now going to sit there empty for a year, because I have no option to either "renew" it or close it without visiting a branch, which I can't be bothered to do.

Looked at my records. My 4.5% was opened on 9 Nov 22 and 5.5% on 15 March 23 and I'm absolutely sure I didn't have to visit branch for this. Things must have changed.

I have figured out the issue. It is because I have two Halifax profiles. For some reason this account was associated with a profile I haven't used for years, and when I logged into that I was able to renew and close the account.