Regular Savings Accounts: The Best Currently Available List!

Kim_13

Bigwheels1111 said:

ThePirates said:

Bigwheels1111 said:

TSB, Gatehouse & Principality reg savers opened and funded this morning.
Now I can fund again tomorrow to max interest.

Wouldn't you have maximised your interest by opening last week and getting an extra week's interest on your first deposit?

I think that opening on the last day of the month and then putting another payment in the next day is best.

As you are earning the higher rate for 2 months worth of payments, but within two days.

Not two months.

This, subject to being able to get the money out at the end on a working day. 31st October 2025 will be a Friday, and funds are accessible the same day (unlike Monmouthshire, YBS, Tipton) so today would be an optimal day to open an account with them.

Put another way, the maximum balance is £3,000 which by opening today (whether the now withdrawn 5.5% issue or the 5.15% replacement) could be reached on 1 September 2025 subject to having the funds to max it out (interest on the maximum balance is then earned for 60 days.) An account opened tomorrow would reach that level no earlier than 1 October 2025, with only 31 days to run.

I also grabbed Issue 34 but only with £1 as no funds available. Not near the top of the pile at the moment but could become so before the term is up.

Marcoos

Bigwheels1111 said:

TSB, Gatehouse & Principality reg savers opened and funded this morning.
Now I can fund again tomorrow to max interest.

Thinking of opening the TSB one, but says it has to be funded via a Standing Order, or is that not the case?

WillPS

Marcoos said:

Bigwheels1111 said:

TSB, Gatehouse & Principality reg savers opened and funded this morning.
Now I can fund again tomorrow to max interest.

Thinking of opening the TSB one, but says it has to be funded via a Standing Order, or is that not the case?

As nearly always - it isn't the case. The lone exception is First Direct. Santander (and Zopa?) don't provide BACS account details for their regular savers but still support manual internal transfers.

Bigwheels1111

Marcoos said:

Bigwheels1111 said:

TSB, Gatehouse & Principality reg savers opened and funded this morning.
Now I can fund again tomorrow to max interest.

Thinking of opening the TSB one, but says it has to be funded via a Standing Order, or is that not the case?

First payment was bank transfer.

I will do the same in the morning.

Then set up SO from my FD account.

Not sure if it can be direct or has to be via TSB account.

Will call to ask.

allegro120

Bigwheels1111 said:

Marcoos said:

Bigwheels1111 said:

TSB, Gatehouse & Principality reg savers opened and funded this morning.
Now I can fund again tomorrow to max interest.

Thinking of opening the TSB one, but says it has to be funded via a Standing Order, or is that not the case?

First payment was bank transfer.

I will do the same in the morning.

Then set up SO from my FD account.

Not sure if it can be direct or has to be via TSB account.

Will call to ask.

I fund my TSB RS on the 1st of each month directly from other banks (FD, Santander or Chase).  There is no need for SO.

s71hj

WillPS said:

Marcoos said:

Bigwheels1111 said:

TSB, Gatehouse & Principality reg savers opened and funded this morning.
Now I can fund again tomorrow to max interest.

Thinking of opening the TSB one, but says it has to be funded via a Standing Order, or is that not the case?

As nearly always - it isn't the case. The lone exception is First Direct. Santander (and Zopa?) don't provide BACS account details for their regular savers but still support manual internal transfers.

That is a reassurance as I realised yesterday my unfunded Santander monthly saver can kind of be used as a high interest easy access at a higher rate than edge and edge saver but I couldn't set an so up in time for this month so did a manual transfer, then so from 1st.

dekkard

Have the Principality changed their guidance on making payments in?

Their (newish) website says to make payments in using your own name as the payee name. I could have sworn the previous guidance was to use 'Principality Building Society' as the payee and select the 'Business' account option.

subjecttocontract

It is for existing customers.

t1redmonkey

dekkard said:

Have the Principality changed their guidance on making payments in?

Their (newish) website says to make payments in using your own name as the payee name. I could have sworn the previous guidance was to use 'Principality Building Society' as the payee and select the 'Business' account option.

I paid in some money this morning the same way I've always done it (using PBS as the payee, and selecting them as Business) and it successfully credited the account I sent it to.

Kim_13

dekkard said:

Have the Principality changed their guidance on making payments in?

Their (newish) website says to make payments in using your own name as the payee name. I could have sworn the previous guidance was to use 'Principality Building Society' as the payee and select the 'Business' account option.

Potentially.

I opened the 5.5% and took a screenshot of the confirmation screen, from which I copied and pasted the details into online banking to make the payment. It still said Principality Building Society as the name and to select business, but this time I got no COP match. I can’t recall that happening before, so a change half-completed maybe.