Regular Savings Accounts: The Best Currently Available List!

Bridlington1

DJDools said:

Bridlington1 said:

...Apologies for this taking longer than expected, sadly my cat's health took a turn for the worse not long after I made that post and she had to be put down yesterday at the age of 19 to prevent her suffering a prolonged and painful death. 

I'd had that cat since 2006 when I was only 3 years old and wanted to ensure she spent her final hours feeling as happy as she could be and knowing how much she was and shall always be adored. As I'm sure you'll appreciate, I haven't been focusing on savings accounts much over the last few days as a result...

I'm so sorry to hear about your cat. It's an awful thing when a beloved pet takes a turn like this after the sunset years. I myself had to go through something similar with my dog a few years back. It's incredibly painful, I know, but hopefully knowing that you took the most humane decision to ease her suffering brings some kind of solace.

I'm sorry to hear about your dog. You're right, taking the most humane decision does bring some solace as she didn't deserve to spend her final days in pain and her suffering was short-lived but it's still a ghastly time.

RosieRooBear said:

@Bridlington1, so sorry for your loss, I know exactly how you feel and how heartbreaking it is to lose a family pet. I lost my first family cat when she was 18 and I was 23 (32 years ago). I then lost my own two cats a few years ago when they were 15 and 18, I still think of all of them with lots of love. I still have a 13 year old dog, and I’m dreading the day when she goes, hopefully not for a few years.

Your cat would have known how much she had been loved and cherished her whole life, and you should take comfort in knowing you and your family gave her the best life she could have had.

I'm sorry to hear about your losses. Hopefully your dog has a long time left.

I take comfort in the fact that my cat was able to spend her last day laid in a sunbeam which she always loved to do and was never alone on her last night. 

She spent most of her last night sat on my lap getting stroked and told how wonderful she was and whilst she was barely able to make a sound during her final few days, she did manage a very faint purr during her last cuddle and died at the vet being stroked by me so I like to think she died as happy as she could be, knowing that she was loved and adored by those who knew her best.

Thanks to both of you for your kind words and to all those who have expressed their condolences. I'm genuinely touched by the response I've got on this forum during this difficult time.

trickydicky14

orange-juice said:

GlasgowExpat2 said:

I’m getting near the £5,000 limit on my NatWest Regular Saver. Does anything happen to the account if you stop making payments? Or should I just reduce the direct debit to £1

No, you can stop your payments into the account. Probably worthwhile skimming off the interest each month and keeping it at 5k, since that's the max amount that'll attract the higher interest rate.

NatWest digital saver, I put the max of £150 into the account and also use the ‘round ups’ to get the figures up as quick as possible.

Question, when I reach the magic 5k do I also stop the round ups or are they exempt from the 5K limit and continue to earn interest. I think I know the answer but I'll ask the question.

Dizzycap

DJDools said:

Bridlington1 said:

...Apologies for this taking longer than expected, sadly my cat's health took a turn for the worse not long after I made that post and she had to be put down yesterday at the age of 19 to prevent her suffering a prolonged and painful death. 

I'd had that cat since 2006 when I was only 3 years old and wanted to ensure she spent her final hours feeling as happy as she could be and knowing how much she was and shall always be adored. As I'm sure you'll appreciate, I haven't been focusing on savings accounts much over the last few days as a result...

I'm so sorry to hear about your cat. It's an awful thing when a beloved pet takes a turn like this after the sunset years. I myself had to go through something similar with my dog a few years back. It's incredibly painful, I know, but hopefully knowing that you took the most humane decision to ease her suffering brings some kind of solace.

I've been through both of these very painful and heartbreaking experiences. I promised myself I would never go through them again but received a call 4 years ago after my beautiful Rubie King Charles had to be put to sleep at only 10 from my local VET in need of an urgent adoption of a newborn sick and runt of the litter Dachshund. Needless to say, bed out, bowls down, puppy pads down, blankets out and Dachsund in my hands within 30 minutes. She's never looked back and wants for nothing

Time is a healer but it's never full. I still have a tear or two for those animals that I've had to say goodbye to, so my thoughts are with everyone who has and is suffering with this grief at this time xxx

friolento

trickydicky14 said:

orange-juice said:

GlasgowExpat2 said:

I’m getting near the £5,000 limit on my NatWest Regular Saver. Does anything happen to the account if you stop making payments? Or should I just reduce the direct debit to £1

No, you can stop your payments into the account. Probably worthwhile skimming off the interest each month and keeping it at 5k, since that's the max amount that'll attract the higher interest rate.

NatWest digital saver, I put the max of £150 into the account and also use the ‘round ups’ to get the figures up as quick as possible.

Question, when I reach the magic 5k do I also stop the round ups or are they exempt from the 5K limit and continue to earn interest. I think I know the answer but I'll ask the question.

Quick google shows this

There are no special rules for different deposit methods.

[Deleted User]

allegro120 said:

GlasgowExpat2 said:

I’m getting near the £5,000 limit on my NatWest Regular Saver. Does anything happen to the account if you stop making payments? Or should I just reduce the direct debit to £1

You don't have to pay in. When you reach £5k limit you can just withdraw monthly interest.  I've done that in the past when the limit was £1k and doing it now with £5k.  

How do you pay direct debit straight  in this RS?
Thanks

E_zroda

[Deleted User] said:

allegro120 said:

GlasgowExpat2 said:

I’m getting near the £5,000 limit on my NatWest Regular Saver. Does anything happen to the account if you stop making payments? Or should I just reduce the direct debit to £1

You don't have to pay in. When you reach £5k limit you can just withdraw monthly interest.  I've done that in the past when the limit was £1k and doing it now with £5k.  

How do you pay direct debit straight  in this RS?
Thanks

You beat me to the same question. I am guessing they meant SO, so won't get too excited....

allegro120

trickydicky14 said:

orange-juice said:

GlasgowExpat2 said:

I’m getting near the £5,000 limit on my NatWest Regular Saver. Does anything happen to the account if you stop making payments? Or should I just reduce the direct debit to £1

No, you can stop your payments into the account. Probably worthwhile skimming off the interest each month and keeping it at 5k, since that's the max amount that'll attract the higher interest rate.

NatWest digital saver, I put the max of £150 into the account and also use the ‘round ups’ to get the figures up as quick as possible.

Question, when I reach the magic 5k do I also stop the round ups or are they exempt from the 5K limit and continue to earn interest. I think I know the answer but I'll ask the question.

There is no point in using round-ups anymore when you've reached "the magic £5k".

judexx

Bridlington1 said:

I take comfort in the fact that my cat was able to spend her last day laid in a sunbeam which she always loved to do and was never alone on her last night. 

So sorry for your loss Bridlington1 - that paints a lovely picture of her lying in a sunbeam and hopefully will be how you'll remember her.

And thanks for all the work you do on this forum

surreysaver

chris_the_bee said:

allegro120 said:

trickydicky14 said:

orange-juice said:

GlasgowExpat2 said:

I’m getting near the £5,000 limit on my NatWest Regular Saver. Does anything happen to the account if you stop making payments? Or should I just reduce the direct debit to £1

No, you can stop your payments into the account. Probably worthwhile skimming off the interest each month and keeping it at 5k, since that's the max amount that'll attract the higher interest rate.

NatWest digital saver, I put the max of £150 into the account and also use the ‘round ups’ to get the figures up as quick as possible.

Question, when I reach the magic 5k do I also stop the round ups or are they exempt from the 5K limit and continue to earn interest. I think I know the answer but I'll ask the question.

There is no point in using round-ups anymore when you've reached "the magic £5k".

If your round-ups are say £10 per month, then reduce your balance to £4,965 to allow for the monthly interest and the round-ups.
Then repeat every month

Why? You'd just stop the round-ups, surely?

Descrabled

RBS/NatWest digital savers

I have had both these savers at £5,000 for 12 months now. I have stopped all use of debit card transactions and no longer add money to the digital saver.

On the first working day of the month, I calculate the interest that will be paid by simple interest at 6% for each day between the first working day of last month and the first working day of this month. I then remove that amount rounded to the nearest penny from the digital saver to the current account and thence onwards.

So on November 1st the calculation is £5000×6%×31÷365=£24•4795. (31 is the number of days between 1 October and 1 November). I will take £24•48 from the digital saver on 1 November and move through the current account. On 2 November the interest will be added to the digital saver dated 1 November.

November's interest will be added on 3rd December, as the first working day is on 2nd, and will again be £24•48.

Note this only works if the debit card is no longer used for round-ups, standing orders or transfers to the digital saver are stopped, there's £5000 in the digital saver, and you want to maximise your interest.