Regular Savings Accounts: The Best Currently Available List!

allegro120

pecunianonolet said:

Can anybody remind me which regular saver accounts can take funding on Sunday 1st and which ones only from Monday 2nd using manual transfers? I know some can take an incoming payment on Sunday but won't pay you interest, which is why they need funding on Monday.

Sunday
Aldermore, BoS, Coventry, Gatehouse, Halifax, Lloyds, Melton, Newcastle, Nottingham, Nationwide, Principality, TSB, YBS.
Monday
Co-op, Hanley, Loughborough, Mansfield, MHBS, MonBS, Progressive, Saffron, Skipton, VM, RBS, Natwest.

Bob2000

allegro120 said:

Bob2000 said:

allegro120 said:

liamcov said:

Bridlington1 said:

Principality BS to launch a 6 Month Regular Saver Issue 2 over the coming days.

No further details are known yet but the application link to the account has appeared on their website which implies Issue 1 at 8% shall be replaced within the next week or so.

What is the process for closing Issue 1 and opening another before it disappears? 

I've done this 2 weeks ago.  Can't remember the exact details but it was very straight forward, closed and immediately opened a new one online.

If you close today with a full balance instead of letting it mature what do you gain in interest?

It depends on a number of days and the amount you were holding in the account.

Opened 23rd June £1200 fully funded.

Kim_13

Bob2000 said:

allegro120 said:

Bob2000 said:

allegro120 said:

liamcov said:

Bridlington1 said:

Principality BS to launch a 6 Month Regular Saver Issue 2 over the coming days.

No further details are known yet but the application link to the account has appeared on their website which implies Issue 1 at 8% shall be replaced within the next week or so.

What is the process for closing Issue 1 and opening another before it disappears? 

I've done this 2 weeks ago.  Can't remember the exact details but it was very straight forward, closed and immediately opened a new one online.

If you close today with a full balance instead of letting it mature what do you gain in interest?

It depends on a number of days and the amount you were holding in the account.

Opened 23rd June £1200 fully funded.

I’d have thought it risky to do at this point - closing requires manual processing on Principality’s end, so Issue 2 might be all that’s available by the time it’s done, given that we know it’s coming.

Kim_13

Mee said:

I note Kim_13 mentioned  'interest payment date (tax)'  above. Has anyone done a comprehensive list of RS and/or other accounts and their interest payment dates?

Those that don’t pay on anniversary or maturity are the exception. From the top of my head:

NatWest/RBS - Monthly, first working day

Stafford - 31 October
Melton - 31 March
Hinckley and Rugby - 1 December
Hanley Economic - 31 August

Bob2000

Kim_13 said:

Bob2000 said:

allegro120 said:

Bob2000 said:

allegro120 said:

liamcov said:

Bridlington1 said:

Principality BS to launch a 6 Month Regular Saver Issue 2 over the coming days.

No further details are known yet but the application link to the account has appeared on their website which implies Issue 1 at 8% shall be replaced within the next week or so.

What is the process for closing Issue 1 and opening another before it disappears? 

I've done this 2 weeks ago.  Can't remember the exact details but it was very straight forward, closed and immediately opened a new one online.

If you close today with a full balance instead of letting it mature what do you gain in interest?

It depends on a number of days and the amount you were holding in the account.

Opened 23rd June £1200 fully funded.

I’d have thought it risky to do at this point - closing requires manual processing on Principality’s end, so Issue 2 might be all that’s available by the time it’s done, given that we know it’s coming.

OK, fair enough. 
Thank you for replying. 

allegro120

Bob2000 said:

allegro120 said:

Bob2000 said:

allegro120 said:

liamcov said:

Bridlington1 said:

Principality BS to launch a 6 Month Regular Saver Issue 2 over the coming days.

No further details are known yet but the application link to the account has appeared on their website which implies Issue 1 at 8% shall be replaced within the next week or so.

What is the process for closing Issue 1 and opening another before it disappears? 

I've done this 2 weeks ago.  Can't remember the exact details but it was very straight forward, closed and immediately opened a new one online.

If you close today with a full balance instead of letting it mature what do you gain in interest?

It depends on a number of days and the amount you were holding in the account.

Opened 23rd June £1200 fully funded.

I opened mine on 20th June, closed on 7th November, £1200 funded, got £20.51 interest.  That's approximately 4 and half months, so yours should be a little more than this.

Digital_Payback

allegro120 said:

Bob2000 said:

allegro120 said:

Bob2000 said:

allegro120 said:

liamcov said:

Bridlington1 said:

Principality BS to launch a 6 Month Regular Saver Issue 2 over the coming days.

No further details are known yet but the application link to the account has appeared on their website which implies Issue 1 at 8% shall be replaced within the next week or so.

What is the process for closing Issue 1 and opening another before it disappears? 

I've done this 2 weeks ago.  Can't remember the exact details but it was very straight forward, closed and immediately opened a new one online.

If you close today with a full balance instead of letting it mature what do you gain in interest?

It depends on a number of days and the amount you were holding in the account.

Opened 23rd June £1200 fully funded.

I opened mine on 20th June, closed on 7th November, £1200 funded, got £20.51 interest.  That's approximately 4 and half months, so yours should be a little more than this.

I did exactly the same, and like you got £20.51 interest. 

I then immediately opened another and began funding it. 

allegro120

Stargunner said:

Withdrew funds last night from matured Gatehouse RS and they have now arrived in my bank, in plenty of time to fund other RS accounts from the 1st

I've done a test withdrawal this morning, it took 6 and half hours to arrive.  It has supposedly been done by Faster Payment.  From memory Gatehouse withdrawals used to be faster than that.  

allegro120

Digital_Payback said:

allegro120 said:

Bob2000 said:

allegro120 said:

Bob2000 said:

allegro120 said:

liamcov said:

Bridlington1 said:

Principality BS to launch a 6 Month Regular Saver Issue 2 over the coming days.

No further details are known yet but the application link to the account has appeared on their website which implies Issue 1 at 8% shall be replaced within the next week or so.

What is the process for closing Issue 1 and opening another before it disappears? 

I've done this 2 weeks ago.  Can't remember the exact details but it was very straight forward, closed and immediately opened a new one online.

If you close today with a full balance instead of letting it mature what do you gain in interest?

It depends on a number of days and the amount you were holding in the account.

Opened 23rd June £1200 fully funded.

I opened mine on 20th June, closed on 7th November, £1200 funded, got £20.51 interest.  That's approximately 4 and half months, so yours should be a little more than this.

I did exactly the same, and like you got £20.51 interest. 

I then immediately opened another and began funding it. 

By May 2025 it will probably be the best paying RS . It was also good to push some interest into next tax year.  I've done the same with Skipton Loyalty RS.

allegro120

Kim_13 said:

Bob2000 said:

allegro120 said:

Bob2000 said:

allegro120 said:

liamcov said:

Bridlington1 said:

Principality BS to launch a 6 Month Regular Saver Issue 2 over the coming days.

No further details are known yet but the application link to the account has appeared on their website which implies Issue 1 at 8% shall be replaced within the next week or so.

What is the process for closing Issue 1 and opening another before it disappears? 

I've done this 2 weeks ago.  Can't remember the exact details but it was very straight forward, closed and immediately opened a new one online.

If you close today with a full balance instead of letting it mature what do you gain in interest?

It depends on a number of days and the amount you were holding in the account.

Opened 23rd June £1200 fully funded.

I’d have thought it risky to do at this point - closing requires manual processing on Principality’s end, so Issue 2 might be all that’s available by the time it’s done, given that we know it’s coming.

I did it early in the morning.  Checked that the product is still available before proceeding with refreshment.  It worked. But you are right, there is a risk that they might pull it at any time during the day.