Regular Savings Accounts: The Best Currently Available List!

flaneurs_lobster

trickydicky14 said:

surreysaver said:

trickydicky14 said:

Are folks asking for options other than moving your money into an easy access account?

The email I received a week ago gives that as the only option. I was not ask what I wish to do with the money just told it would convert to an easy access.

Am I missing something.

I presume you are yet to receive the email the rest of us have received this morning?

It looks like that's a NO. My account is due on the 1st Dec and the only email I have been sent has the text that is in surreysaver post above.

The email today is for "M-day - 5". If you're due 1 Dec, you should get the same on Tuesday. 

Bobblehat

flaneurs_lobster said:

trickydicky14 said:

Are folks asking for options other than moving your money into an easy access account?

The email I received a week ago gives that as the only option. I was not ask what I wish to do with the money just told it would convert to an easy access.

Am I missing something.

Here's the relevant text from the letter I received:

Your Gatehouse Bank Fixed Term Deposit account is due to mature in 5 days.

To view details of your maturity options, log into your account at www.gatehousebank.com. You will have the option of continuing to save through another Fixed Term Deposit account or withdraw your funds.

If we do not receive your maturity instruction before the maturity date, your deposit will be transferred to a Gatehouse Bank Easy Access account. To read more about the Gatehouse Bank Easy Access account and to view the terms and conditions for the account, please visit www.gatehousebank.com/personal/savings/easy-access-account.

It's the last paragraph above that leads you to believe that you can instruct them what to do at maturity, that coupled to the ambiguous "or withdraw your funds", from the previous paragraph. What they don't say is how you can withdraw your funds! Is it only by withdrawing from the newly opened Easy Access account, or is it by giving them other instructions. Not the best communication I've received from a bank ..... closer to the worst!

WillPS

callum9999 said:

WillPS said:

callum9999 said:

Are you sure that's a good use of your time? 

I'm not sure why people see fit to make these sorts of judgments on here. It's a money saving forum. If people want to spend their time saving the pennies that's totally up to them.

callum9999 said:

You can generally get Morrisons gift cards for at least a 3% discount online, would you not be better off getting your shopping with that while leaving the round-up cash in one of the numerous accounts that pay around 5%? Unless I've missed something, the gift card discount saves you more than the additional interest you would earn from the roundups, and you don't have to stand at a till doing transaction after transaction every day!

You're totally missing something it takes almost 3 years to 'fill up' a Natwest/RBS digital regular saver with £150 monthly deposits alone.

A double round up generates a deposit up to £1.98 a time - or perhaps a more realistic £1.80 for a 10p banana. That £1.80 will earn an additional 1.8p of interest in Y1 (when compared to a 5% easy access), an additional 1.8p of interest in Y2 and potentially almost an additional 1.8p of interest in Y3 - all presuming that 1% arbitrage remains.

The cashback on that 10p banana had it been paid for with a discounted gift card would have been less than half a penny. 

For clarity, I don't do this - but I don't scorn those who do it, in fact I commend them for their thriftiness. I just can't be bothered myself.

It was incredibly obvious that my questioning was over the apparent fact that their laborious actions were seemingly saving/earning them LESS than the alternative I suggested. You seem to understand that so I have no idea why you're throwing a hissy fit over something you know full well I'm not doing...

Indeed, it was obvious - as is the error you're continuing to persist, albeit dressed up with layers of unpleasantness. 

Hint: it doesn't have to be <10p in order to be effective. Any amount ending between £x.00 and £x.20 is potentially worth doing, although the value erodes vs a 3% cashback as x increases, anything below a fiver would certainly yield better, if you can be bothered.

trickydicky14

West Brom Building Soc Regular saver.
Can I get a 13th payment into this account? Mine is due on the 22nd Dec so hoping I could stick £250 in on the 1st.
Info just states, £250 per calendar month.

Aidanmc

trickydicky14 said:

West Brom Building Soc Regular saver.
Can I get a 13th payment into this account? Mine is due on the 22nd Dec so hoping I could stick £250 in on the 1st.
Info just states, £250 per calendar month.

I don't think so.

The least you can pay in monthly is £10 and the most you can pay in monthly is £250. The most you can put away over the 12 month term is £3,000.

Hattie627

trickydicky14 said:

West Brom Building Soc Regular saver.
Can I get a 13th payment into this account? Mine is due on the 22nd Dec so hoping I could stick £250 in on the 1st.
Info just states, £250 per calendar month.

Assuming its Issue 7 you have, the terms state a maximum balance of £3000 over the 12 months.

trickydicky14

Aidanmc and Hattie 627
Thank you, I missed the bit about max balance, I'd better cancel my standing order for Dec.

FishInGlass

Hattie627 said:

I've had an email today from Gatehouse Bank saying that my Regular Saver issue 1 matures on 29th November and asking me to enter maturity instructions online. When I go online and into my account, I can't find anywhere to enter maturity instructions. Just wondered if anyone else is experiencing/has experienced this? Maturity is only 5 days away.

My email as someone else has mentioned refers to a Gatehouse Bank Fixed Term Deposit account. However the first email which I received on the 15th November specifically refers to my Regular Saver giving both the current balance and end of term date stating that the money will be moved to an Easy Access account (presumably on the maturity date, but this is not explicitly stated). I will email them for clarification.

Update I have just had an automated response that my email will be responded to in the next 4 working days. Just enough time then to get the issue resolved

schiff

Gatehouse

Isn't the 5.30% RS still available?

poolboy

Natwest reg saver - my morrisons double round ups by paying each item individually takes about 10 secs per transaction.  I obviously don't do it when there's a q but reg savers have become a hobby.  I m maxed out now, my natwest saver is paying c25 gbp pcm, a nice little earner for doing v little.