Regular Savings Accounts: The Best Currently Available List!

s71hj

friolento said:

s71hj said:

WillPS said:

castle96 said:

How do you get these to £5k. They are only £150 p/mth

• Round ups on debit card (i.e. 'pay' 1p to get £1.98 added to the account)
• MyRewards payouts (when you select the Digital Regular Saver to payout to).
  

The above don't count towards the £150/month deposit cap. Otherwise it's 30-33 monthly deposits.

Sorry, I'm late to the whole Natwest/RBS round up thing. Is there a summary anywhere of the benefits that can be gained by using it and how to do so?. My current assumption is that the main one is that the £150 a month deposit limit can be increased by deliberately choosing to use the debit card in such a way as to generate round ups so you earn the 6% on more than £150 a month and reach £5000 limit quicker. Also on a related thing, can you have an RBS and Natwest RS then? I thought you could only have one or the other for some reason 

You can also deposit any Reward payments you may be earning at Natwest into the Digital Saver. Such payments don't count towards the monthly £150, either.

Same at RBS.

Thanks. From my point of view, the money I'm able to use to fund my multiple RS accounts comes from spending on 0% credit cards so if I switched to debit card spending it would reduce what I had available so I'll have to think if its worth partly switching to debit card spending.

Stargunner

s71hj said:

friolento said:

s71hj said:

WillPS said:

castle96 said:

How do you get these to £5k. They are only £150 p/mth

• Round ups on debit card (i.e. 'pay' 1p to get £1.98 added to the account)
• MyRewards payouts (when you select the Digital Regular Saver to payout to).
  

The above don't count towards the £150/month deposit cap. Otherwise it's 30-33 monthly deposits.

Sorry, I'm late to the whole Natwest/RBS round up thing. Is there a summary anywhere of the benefits that can be gained by using it and how to do so?. My current assumption is that the main one is that the £150 a month deposit limit can be increased by deliberately choosing to use the debit card in such a way as to generate round ups so you earn the 6% on more than £150 a month and reach £5000 limit quicker. Also on a related thing, can you have an RBS and Natwest RS then? I thought you could only have one or the other for some reason 

You can also deposit any Reward payments you may be earning at Natwest into the Digital Saver. Such payments don't count towards the monthly £150, either.

Same at RBS.

Thanks. From my point of view, the money I'm able to use to fund my multiple RS accounts comes from spending on 0% credit cards so if I switched to debit card spending it would reduce what I had available so I'll have to think if its worth partly switching to debit card spending.

You can use your debit card to pay into a savings account to earn the round ups. Then you can withdraw the money from the savings account.

janusd

orange-juice said:

s71hj said:

Sorry, I'm late to the whole Natwest/RBS round up thing. Is there a summary anywhere of the benefits that can be gained by using it and how to do so?. My current assumption is that the main one is that the £150 a month deposit limit can be increased by deliberately choosing to use the debit card in such a way as to generate round ups so you earn the 6% on more than £150 a month and reach £5000 limit quicker.  

Yeah, pretty much.

s71hj said:

Also on a related thing, can you have an RBS and Natwest RS then? I thought you could only have one or the other for some reason 

Yes, as long as you have RBS and Natwest current accounts, you should be able to open and hold their corresponding linked regular saver.

whilst this topic is being asked, is paying via standard order still compulsory for this account ? I see "extra" money can come in from external accounts (as long as it doesn't pass the £150 pm limit), but can you effectively cancel the SO and just pay in £150 from an external account ??

fonesaver

janusdesign said:

orange-juice said:

s71hj said:

Sorry, I'm late to the whole Natwest/RBS round up thing. Is there a summary anywhere of the benefits that can be gained by using it and how to do so?. My current assumption is that the main one is that the £150 a month deposit limit can be increased by deliberately choosing to use the debit card in such a way as to generate round ups so you earn the 6% on more than £150 a month and reach £5000 limit quicker.  

Yeah, pretty much.

s71hj said:

Also on a related thing, can you have an RBS and Natwest RS then? I thought you could only have one or the other for some reason 

Yes, as long as you have RBS and Natwest current accounts, you should be able to open and hold their corresponding linked regular saver.

whilst this topic is being asked, is paying via standard order still compulsory for this account ? I see "extra" money can come in from external accounts (as long as it doesn't pass the £150 pm limit), but can you effectively cancel the SO and just pay in £150 from an external account ??

I have never paid in by SO. Just do manual transfers from the relevant RBS/NatWest account.

s71hj

Stargunner said:

s71hj said:

friolento said:

s71hj said:

WillPS said:

castle96 said:

How do you get these to £5k. They are only £150 p/mth

• Round ups on debit card (i.e. 'pay' 1p to get £1.98 added to the account)
• MyRewards payouts (when you select the Digital Regular Saver to payout to).
  

The above don't count towards the £150/month deposit cap. Otherwise it's 30-33 monthly deposits.

Sorry, I'm late to the whole Natwest/RBS round up thing. Is there a summary anywhere of the benefits that can be gained by using it and how to do so?. My current assumption is that the main one is that the £150 a month deposit limit can be increased by deliberately choosing to use the debit card in such a way as to generate round ups so you earn the 6% on more than £150 a month and reach £5000 limit quicker. Also on a related thing, can you have an RBS and Natwest RS then? I thought you could only have one or the other for some reason 

You can also deposit any Reward payments you may be earning at Natwest into the Digital Saver. Such payments don't count towards the monthly £150, either.

Same at RBS.

Thanks. From my point of view, the money I'm able to use to fund my multiple RS accounts comes from spending on 0% credit cards so if I switched to debit card spending it would reduce what I had available so I'll have to think if its worth partly switching to debit card spending.

You can use your debit card to pay into a savings account to earn the round ups. Then you can withdraw the money from the savings account.

That's useful to know. Do most savings accounts have facility to pay money in via debit card? Not something I've come across before.

friolento

s71hj said:

friolento said:

s71hj said:

WillPS said:

castle96 said:

How do you get these to £5k. They are only £150 p/mth

• Round ups on debit card (i.e. 'pay' 1p to get £1.98 added to the account)
• MyRewards payouts (when you select the Digital Regular Saver to payout to).
  

The above don't count towards the £150/month deposit cap. Otherwise it's 30-33 monthly deposits.

Sorry, I'm late to the whole Natwest/RBS round up thing. Is there a summary anywhere of the benefits that can be gained by using it and how to do so?. My current assumption is that the main one is that the £150 a month deposit limit can be increased by deliberately choosing to use the debit card in such a way as to generate round ups so you earn the 6% on more than £150 a month and reach £5000 limit quicker. Also on a related thing, can you have an RBS and Natwest RS then? I thought you could only have one or the other for some reason 

You can also deposit any Reward payments you may be earning at Natwest into the Digital Saver. Such payments don't count towards the monthly £150, either.

Same at RBS.

Thanks. From my point of view, the money I'm able to use to fund my multiple RS accounts comes from spending on 0% credit cards so if I switched to debit card spending it would reduce what I had available so I'll have to think if its worth partly switching to debit card spending.

You can get Natwest/RBS rewards without spending with cards.

jim1999

s71hj said:

Thanks. From my point of view, the money I'm able to use to fund my multiple RS accounts comes from spending on 0% credit cards so if I switched to debit card spending it would reduce what I had available so I'll have to think if its worth partly switching to debit card spending.

I'd suggest that's unlikely.

If you get 0% cash, and put it in an easy-access ~5% account, you're earning 5% p.a. on what you spend.

If you stop doing that, and instead put cash into a 6.17% account, you're earning ~1.2% over and above what you'd earn in an easy access.

So you'd be making yourself worse off on the whole.

Furthermore, you're not even earning it on the amount you spend, you're earning it on the double-up which is worth up to £1.98 per purchase as far as I'm aware.

surreysaver

s71hj said:

Stargunner said:

s71hj said:

friolento said:

s71hj said:

WillPS said:

castle96 said:

How do you get these to £5k. They are only £150 p/mth

• Round ups on debit card (i.e. 'pay' 1p to get £1.98 added to the account)
• MyRewards payouts (when you select the Digital Regular Saver to payout to).
  

The above don't count towards the £150/month deposit cap. Otherwise it's 30-33 monthly deposits.

Sorry, I'm late to the whole Natwest/RBS round up thing. Is there a summary anywhere of the benefits that can be gained by using it and how to do so?. My current assumption is that the main one is that the £150 a month deposit limit can be increased by deliberately choosing to use the debit card in such a way as to generate round ups so you earn the 6% on more than £150 a month and reach £5000 limit quicker. Also on a related thing, can you have an RBS and Natwest RS then? I thought you could only have one or the other for some reason 

You can also deposit any Reward payments you may be earning at Natwest into the Digital Saver. Such payments don't count towards the monthly £150, either.

Same at RBS.

Thanks. From my point of view, the money I'm able to use to fund my multiple RS accounts comes from spending on 0% credit cards so if I switched to debit card spending it would reduce what I had available so I'll have to think if its worth partly switching to debit card spending.

You can use your debit card to pay into a savings account to earn the round ups. Then you can withdraw the money from the savings account.

That's useful to know. Do most savings accounts have facility to pay money in via debit card? Not something I've come across before.

They're few and far between. Just a few select ones 

s71hj

surreysaver said:

s71hj said:

Stargunner said:

s71hj said:

friolento said:

s71hj said:

WillPS said:

castle96 said:

How do you get these to £5k. They are only £150 p/mth

• Round ups on debit card (i.e. 'pay' 1p to get £1.98 added to the account)
• MyRewards payouts (when you select the Digital Regular Saver to payout to).
  

The above don't count towards the £150/month deposit cap. Otherwise it's 30-33 monthly deposits.

Sorry, I'm late to the whole Natwest/RBS round up thing. Is there a summary anywhere of the benefits that can be gained by using it and how to do so?. My current assumption is that the main one is that the £150 a month deposit limit can be increased by deliberately choosing to use the debit card in such a way as to generate round ups so you earn the 6% on more than £150 a month and reach £5000 limit quicker. Also on a related thing, can you have an RBS and Natwest RS then? I thought you could only have one or the other for some reason 

You can also deposit any Reward payments you may be earning at Natwest into the Digital Saver. Such payments don't count towards the monthly £150, either.

Same at RBS.

Thanks. From my point of view, the money I'm able to use to fund my multiple RS accounts comes from spending on 0% credit cards so if I switched to debit card spending it would reduce what I had available so I'll have to think if its worth partly switching to debit card spending.

You can use your debit card to pay into a savings account to earn the round ups. Then you can withdraw the money from the savings account.

That's useful to know. Do most savings accounts have facility to pay money in via debit card? Not something I've come across before.

They're few and far between. Just a few select ones 

surreysaver said:

s71hj said:

Stargunner said:

s71hj said:

friolento said:

s71hj said:

WillPS said:

castle96 said:

How do you get these to £5k. They are only £150 p/mth

• Round ups on debit card (i.e. 'pay' 1p to get £1.98 added to the account)
• MyRewards payouts (when you select the Digital Regular Saver to payout to).
  

The above don't count towards the £150/month deposit cap. Otherwise it's 30-33 monthly deposits.

Sorry, I'm late to the whole Natwest/RBS round up thing. Is there a summary anywhere of the benefits that can be gained by using it and how to do so?. My current assumption is that the main one is that the £150 a month deposit limit can be increased by deliberately choosing to use the debit card in such a way as to generate round ups so you earn the 6% on more than £150 a month and reach £5000 limit quicker. Also on a related thing, can you have an RBS and Natwest RS then? I thought you could only have one or the other for some reason 

You can also deposit any Reward payments you may be earning at Natwest into the Digital Saver. Such payments don't count towards the monthly £150, either.

Same at RBS.

Thanks. From my point of view, the money I'm able to use to fund my multiple RS accounts comes from spending on 0% credit cards so if I switched to debit card spending it would reduce what I had available so I'll have to think if its worth partly switching to debit card spending.

You can use your debit card to pay into a savings account to earn the round ups. Then you can withdraw the money from the savings account.

That's useful to know. Do most savings accounts have facility to pay money in via debit card? Not something I've come across before.

They're few and far between. Just a few select ones 

What are the select ones?

PowerSavingMode

s71hj said:

surreysaver said:

s71hj said:

Stargunner said:

s71hj said:

friolento said:

s71hj said:

WillPS said:

castle96 said:

How do you get these to £5k. They are only £150 p/mth

• Round ups on debit card (i.e. 'pay' 1p to get £1.98 added to the account)
• MyRewards payouts (when you select the Digital Regular Saver to payout to).
  

The above don't count towards the £150/month deposit cap. Otherwise it's 30-33 monthly deposits.

Sorry, I'm late to the whole Natwest/RBS round up thing. Is there a summary anywhere of the benefits that can be gained by using it and how to do so?. My current assumption is that the main one is that the £150 a month deposit limit can be increased by deliberately choosing to use the debit card in such a way as to generate round ups so you earn the 6% on more than £150 a month and reach £5000 limit quicker. Also on a related thing, can you have an RBS and Natwest RS then? I thought you could only have one or the other for some reason 

You can also deposit any Reward payments you may be earning at Natwest into the Digital Saver. Such payments don't count towards the monthly £150, either.

Same at RBS.

Thanks. From my point of view, the money I'm able to use to fund my multiple RS accounts comes from spending on 0% credit cards so if I switched to debit card spending it would reduce what I had available so I'll have to think if its worth partly switching to debit card spending.

You can use your debit card to pay into a savings account to earn the round ups. Then you can withdraw the money from the savings account.

That's useful to know. Do most savings accounts have facility to pay money in via debit card? Not something I've come across before.

They're few and far between. Just a few select ones 

surreysaver said:

s71hj said:

Stargunner said:

s71hj said:

friolento said:

s71hj said:

WillPS said:

castle96 said:

How do you get these to £5k. They are only £150 p/mth

• Round ups on debit card (i.e. 'pay' 1p to get £1.98 added to the account)
• MyRewards payouts (when you select the Digital Regular Saver to payout to).
  

The above don't count towards the £150/month deposit cap. Otherwise it's 30-33 monthly deposits.

Sorry, I'm late to the whole Natwest/RBS round up thing. Is there a summary anywhere of the benefits that can be gained by using it and how to do so?. My current assumption is that the main one is that the £150 a month deposit limit can be increased by deliberately choosing to use the debit card in such a way as to generate round ups so you earn the 6% on more than £150 a month and reach £5000 limit quicker. Also on a related thing, can you have an RBS and Natwest RS then? I thought you could only have one or the other for some reason 

You can also deposit any Reward payments you may be earning at Natwest into the Digital Saver. Such payments don't count towards the monthly £150, either.

Same at RBS.

Thanks. From my point of view, the money I'm able to use to fund my multiple RS accounts comes from spending on 0% credit cards so if I switched to debit card spending it would reduce what I had available so I'll have to think if its worth partly switching to debit card spending.

You can use your debit card to pay into a savings account to earn the round ups. Then you can withdraw the money from the savings account.

That's useful to know. Do most savings accounts have facility to pay money in via debit card? Not something I've come across before.

They're few and far between. Just a few select ones 

What are the select ones?

I'm not sure about paying into REGULAR savings accounts, but the following do allow debit card payments into their general savings accounts:

• Skipton Building Society
• Yorkshire Building Society