Regular Savings Accounts: The Best Currently Available List!

Bridlington1

Descrabled said:

Saffron Small Saver

Saffron pay on same day. If you have given instructions already, then the interest will be added on Friday, the new small saver (same account no) will be credited with £50, and the balance including interest will arrive in your nominated account on Friday afternoon.

I have used Saffron for 8 years and still have my original account number and this technique has always been followed.

In addition you can contact them towards the end of the month and ``refresh" the regular saver again to get full advantage from the account term beginning at the end of the month.

I did this in April, refreshed on 5/4/24 to get the interest paid in the 23-24 tax year and refreshed again on 30/4/24 to push the bulk of the interest to the 25-26 tax year and to eek a bit more interest out of the Small Saver.

Additionally the interest earned in those 3-4 weeks has remained in the Small Saver. 

CuparLad

The West Brom

Received a Text from WBBS this afternoon advising they're a bit behind on processing applications for the Regular Saver.

Malchester

CuparLad said:

The West Brom

Received a Text from WBBS this afternoon advising they're a bit behind on processing applications for the Regular Saver.

So did I. In fact have had several even though they told me they had cancelled my application as i asked them to, because they were taking too long - 3 weeks as of today. I did ask why they kept taking applications when they realised they couldn't cope and they said they pulled the account when they realised. Poor management and planning really

Hattie627

Tilton and Coseley BS:- Regular Saver maturing on 31st October 2024

Has anyone received letter/email from T & C with maturity options/information?

As highlighted in earlier posts, the app is now set up to record maturity options but there is no information as to what the options are.

mebu60

CuparLad said:

The West Brom

Received a Text from WBBS this afternoon advising they're a bit behind on processing applications for the Regular Saver.

Mine took two weeks. Then, as a new customer, I had to ring up to get a PIN to be able to access online and had to wait another 24 hours before I could actually log in. 
If they weren't expecting this volume of applications I wonder how long they'll hold the rate for if they have attracted more funds than required. 

gt94sss2

Hattie627 said:

Tilton and Coseley BS:- Regular Saver maturing on 31st October 2024

Has anyone received letter/email from T & C with maturity options/information?

As highlighted in earlier posts, the app is now set up to record maturity options but there is no information as to what the options are.

When their last RS matured at the end of July, they emailed the options two weeks before maturity

ChewyyBacca

Bridlington1 said:

In addition you can contact them towards the end of the month and ``refresh" the regular saver again to get full advantage from the account term beginning at the end of the month.

I did this in April, refreshed on 5/4/24 to get the interest paid in the 23-24 tax year and refreshed again on 30/4/24 to push the bulk of the interest to the 25-26 tax year and to eek a bit more interest out of the Small Saver.

Additionally the interest earned in those 3-4 weeks has remained in the Small Saver. 

Bridlington1 Thank you for the suggestion. We are in October, so tax year manoeuvring is not possible.
What did you ask them to do, when you intended to ''refresh''? 
As far as i understand, refreshing/ opening the reg saver on the 30th of the month, ensures that in the 12 th month, full/max amount earns interest for entire month, thus generating more interest. Is it right?

allegro120

Hattie627 said:

Tilton and Coseley BS:- Regular Saver maturing on 31st October 2024

Has anyone received letter/email from T & C with maturity options/information?

As highlighted in earlier posts, the app is now set up to record maturity options but there is no information as to what the options are.

They would normally contact with maturity options two weeks in advance.  Nothing to worry about yet

Bridlington1

ChewyyBacca said:

Bridlington1 said:

In addition you can contact them towards the end of the month and ``refresh" the regular saver again to get full advantage from the account term beginning at the end of the month.

I did this in April, refreshed on 5/4/24 to get the interest paid in the 23-24 tax year and refreshed again on 30/4/24 to push the bulk of the interest to the 25-26 tax year and to eek a bit more interest out of the Small Saver.

Additionally the interest earned in those 3-4 weeks has remained in the Small Saver. 

Bridlington1 Thank you for the suggestion. We are in October, so tax year manoeuvring is not possible.
What did you ask them to do, when you intended to ''refresh''? 
As far as i understand, refreshing/ opening the reg saver on the 30th of the month, ensures that in the 12 th month, full/max amount earns interest for entire month, thus generating more interest. Is it right?

I just phoned and asked them to restart the Small Saver. I think I mentioned I was wanting the interest paid the following tax year and they then refreshed the account, it was quite a simple process.

Refreshing at the end of the month raises the average balance of your account (assuming it's fully funded) since you end up pushing your deposits to earlier on in the account term and thus generating more interest overall. You end up spending the last 2 calendar months with a balance of £600 (maximum balance of the Small Saver), rather than just the last month.

mattojgb

West Brom Regular Saver - Has anyone (from outside the local area) tried opening an easy access account -to become a member - and then opened the regular saver?