Regular Savings Accounts: The Best Currently Available List!

Aidanmc

allegro120 said:

Bridlington1 said:

allegro120 said:

The next 1st of the month falls on Sunday.  Does anyone know whether the following providers credit interest on funds deposited at weekends: Aldermore, Coventry, MHBS and Newcastle? 

Aldermore- I've never made a payment on a non-working day but the Ts&Cs suggest money received on a non-working day will start to earn interest that day

Coventry- Yes

MHBS- Cut-off of 3pm on a working day

Newcastle-  Not the clearest but implies funds received on a non-working day will earn interest from that day.

The Newcastle BS general Ts&Cs state ``The money will show in your account the same working day, and typically within 2 hours." but will start earning interest ``From the day we receive the money.". Their FAQs state: ``If a deposit is made by electronic transfer, you will receive interest on the day we receive your funds."

Thank you! My list for manual deposits is now completed:
Ayes - Aldermore, BoS, Coventry, Gatehouse, Halifax, Lloyds, Melton, MonBS, Newcastle, Nottingham, Nationwide, Principality, TSB, YBS.
Noes - Co-op, Hanley, Loughborough, Mansfield, MHBS, Progressive, Saffron, Skipton, Virgin.
Does this look correct?

Would Natwest and RBS be in Ayes ?

Bridlington1

Aidanmc said:

allegro120 said:

Bridlington1 said:

allegro120 said:

The next 1st of the month falls on Sunday.  Does anyone know whether the following providers credit interest on funds deposited at weekends: Aldermore, Coventry, MHBS and Newcastle? 

Aldermore- I've never made a payment on a non-working day but the Ts&Cs suggest money received on a non-working day will start to earn interest that day

Coventry- Yes

MHBS- Cut-off of 3pm on a working day

Newcastle-  Not the clearest but implies funds received on a non-working day will earn interest from that day.

The Newcastle BS general Ts&Cs state ``The money will show in your account the same working day, and typically within 2 hours." but will start earning interest ``From the day we receive the money.". Their FAQs state: ``If a deposit is made by electronic transfer, you will receive interest on the day we receive your funds."

Thank you! My list for manual deposits is now completed:
Ayes - Aldermore, BoS, Coventry, Gatehouse, Halifax, Lloyds, Melton, MonBS, Newcastle, Nottingham, Nationwide, Principality, TSB, YBS.
Noes - Co-op, Hanley, Loughborough, Mansfield, MHBS, Progressive, Saffron, Skipton, Virgin.
Does this look correct?

Would Natwest and RBS be in Ayes ?

Both would be in the Noes I'm afraid.

allegro120

Aidanmc said:

allegro120 said:

Bridlington1 said:

allegro120 said:

The next 1st of the month falls on Sunday.  Does anyone know whether the following providers credit interest on funds deposited at weekends: Aldermore, Coventry, MHBS and Newcastle? 

Aldermore- I've never made a payment on a non-working day but the Ts&Cs suggest money received on a non-working day will start to earn interest that day

Coventry- Yes

MHBS- Cut-off of 3pm on a working day

Newcastle-  Not the clearest but implies funds received on a non-working day will earn interest from that day.

The Newcastle BS general Ts&Cs state ``The money will show in your account the same working day, and typically within 2 hours." but will start earning interest ``From the day we receive the money.". Their FAQs state: ``If a deposit is made by electronic transfer, you will receive interest on the day we receive your funds."

Thank you! My list for manual deposits is now completed:
Ayes - Aldermore, BoS, Coventry, Gatehouse, Halifax, Lloyds, Melton, MonBS, Newcastle, Nottingham, Nationwide, Principality, TSB, YBS.
Noes - Co-op, Hanley, Loughborough, Mansfield, MHBS, Progressive, Saffron, Skipton, Virgin.
Does this look correct?

Would Natwest and RBS be in Ayes ?

Definitely Noes. I didn't include them because they are not on my list anymore, I've reached the £5k limit in both and now just withdrawing the interest.

surreysaver

simonsmithsays said:

trickydicky14 said:

Sometimes the compensation culture gets out of hand me thinks

Agreed

Some on these forums actively look for ways to seek an OTT payment whilst trying to project a false guise of 'Ill show them' when they've missed out on a matter of pence.

Anyway - back to Regular Savers anyone?

This is about regular savers. The T&Cs need to state the upper limits of what you can deposit. That is the whole point of regular savers, and when the upper limits are stated (i.e. £300pm) and they reject payments claiming its above the limit when it isn't, it is very much relevent to this thread when forum members discuss this issue.

surreysaver

Dizzycap said:

gt94sss2 said:

Aidanmc said:

Just received the 'rejected deposit' email from Gatehouse.

Funds will be returned to source account within 2 working days

Is anyone planning to complain that rejecting the 13th payment is not in line with their T&C?

Edit: I believe that several did when the same issue occurred recently with Monmouthshire BS

Absolutely not. There's only a few days between squeezing a 13th payment in and my maturity date, so it's not worth it.

Not a few days, it's nearly a month. Mine matures on 29th November 

gt94sss2

trickydicky14 said:

Sometimes the compensation culture gets out of hand me thinks

As others have said, my post was not related to seeking compensation but asking if anyone was planning to query why Gatehouse have rejected payments which are in line with their terms and conditions. 

Quite often the only way you can question these actions is via lodging a complaint.

masonic

simonsmithsays said:

Or is following the T&C's only done when it's in ones 'interest'?

Clearly that is one account with two working references.

chris_the_bee

simonsmithsays said:

surreysaver said:

simonsmithsays said:

trickydicky14 said:

Sometimes the compensation culture gets out of hand me thinks

Agreed

Some on these forums actively look for ways to seek an OTT payment whilst trying to project a false guise of 'Ill show them' when they've missed out on a matter of pence.

Anyway - back to Regular Savers anyone?

This is about regular savers. The T&Cs need to state the upper limits of what you can deposit. That is the whole point of regular savers, and when the upper limits are stated (i.e. £300pm) and they reject payments claiming its above the limit when it isn't, it is very much relevent to this thread when forum members discuss this issue.

It's still pence.

I.e. I guarantee that lots on here circling the, already mentioned, compensation have a decent Easy Access account that they'll be keeping that returned £300 in.

I'll bet that's running around 5%.  

So that's a loss of maybe 50p, for that missing £300, over that month from the 7% Gatehouse?

Recording on here how much compensation forumites have 'made' (reading this thread some definitely are primed for these discrepancies) isn't my cup of tea.

Chasing £25, £50 compensation for a personal 50p loss (£1.75 top line) certainly isn't something I'd feel comfortable with 'to show the pesky institution'.

Each to their own I guess...

Probably worth someone starting a 'Gatehouse we demand some compensation thread' where you can compare the amounts you're keen to get and how you're going to get it!

The compensation isn't necessarily about it's monetary value to an individual. The total compensation paid by a BS will be recorded in the accounts and should be seen by someone near the top of the management chain. As it will affect the BS profits, hopefully questions will be asked and the delinquent individual or department should be admonished. 

HHUK

DJDools said:

I did the same, but am still awaiting for the funds to be transferred to my nominated account. 

Tipton

I mentioned above that I sent my instructions for my Regular Saver Issue 2 OCT 24 (App) by private message on 20 October, and received an acknowledgement the following day confirming that the funds would be withdrawn on 1 November and land in my nominated bank account on Monday 4 November.

surreysaver

And the funds from my matured Principality Maturity Winter Regular Saver just landed in my nominated account on a Sunday!