Regular Savings Accounts: The Best Currently Available List!

Kim_13

jim1999 said:

Kim_13 said:

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

I recall Tipton paying on specific day of the year as well, perhaps 31st Dec

I have them in my records as paying on 30th December last year, although 31st December 2023 was a Sunday so they might pay on that day otherwise. They then paid the rest on the day the account matured.

Bridlington1

allegro120 said:

LZC said:

allegro120 said:

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.

Thank you, that is incredibly helpful. 

Does anyone know the answer for West Brom and Leeds?

Don't know about Leeds, but West Brom is OK for weekends.

I've got Leeds BS down as accepting deposits on non-working days.

Due to a quirk of the calendar December 2024 is the first of 4 consecutive months where 1st falls on a non-working day so these lists become of particular use.

t1redmonkey

I'm curious how long this maturity account Gatehouse have moved us into will remain at 5% for.

granta

Co-op Regular Saver

Is it possible to close this account early and then re-open a new one fairly soon after? If so, what is the method? I can't see how to close the account online.

dgpur

t1redmonkey said:

I'm curious how long this maturity account Gatehouse have moved us into will remain at 5% for.

It’s such a better (and a market leading) account than expected, so I’m just happy to have it. I’d say we must surely be in for at least 6 months, but I wouldn’t like to predict longer.

s71hj

Kim_13 said:

Nick_C said:

Stargunner said:

received an email from Monmouthshire BS advising that they are reducing the rate on the below from 13th December.

EXCLUSIVE REGULAR SAVER - ISSUE 2

Old Rate (%) 6.00  New Rate (%)  5.65

From the T&cs for this account:-

• If we put the rate down, we’ll let you know as soon as we can - with at least 30 days’ notice."

They are trying to do this with 14 days notice!!

https://web.archive.org/web/20240821170621/https://www.monbs.com/savings/exclusive-regular-saver-issue-2/

And thanks @Bridlington1 for archiving the T&Cs

Note also that you can close the account because the interest rate is being reduced.

They changed this from 1 October. Had about 3 letters advising of it in early September (not that that left quite 30 days notice to implement the change from 30 days to 14, but anyway.)

But they're in a contract with us that says 30 days ???

Dizzycap

granta said:

Co-op Regular Saver

Is it possible to close this account early and then re-open a new one fairly soon after? If so, what is the method? I can't see how to close the account online.

You have to close the Co-Op RS by phone. It takes around 3-4 days for the RS to fully close. The capital is moved into your co-op current account on activation of the closure followed by the interest once the RS is fully closed.

You can re-apply for a new reg saver on the same day as you activate the closure of the old,  as it also takes a few days for the new RS to be opened.

Kim_13

s71hj said:

Kim_13 said:

Nick_C said:

Stargunner said:

received an email from Monmouthshire BS advising that they are reducing the rate on the below from 13th December.

EXCLUSIVE REGULAR SAVER - ISSUE 2

Old Rate (%) 6.00  New Rate (%)  5.65

From the T&cs for this account:-

• If we put the rate down, we’ll let you know as soon as we can - with at least 30 days’ notice."

They are trying to do this with 14 days notice!!

https://web.archive.org/web/20240821170621/https://www.monbs.com/savings/exclusive-regular-saver-issue-2/

And thanks @Bridlington1 for archiving the T&Cs

Note also that you can close the account because the interest rate is being reduced.

They changed this from 1 October. Had about 3 letters advising of it in early September (not that that left quite 30 days notice to implement the change from 30 days to 14, but anyway.)

But they're in a contract with us that says 30 days ???

We would be deemed to have accepted the change having not opted to close our accounts by 1 October when the change they advised of came into effect. There was potentially a complaint in the letter being received inside the 30 days then required to make the change, but I figured it would probably have been 30+ without a poor postal service.

Stargunner

s71hj said:

Kim_13 said:

Nick_C said:

Stargunner said:

received an email from Monmouthshire BS advising that they are reducing the rate on the below from 13th December.

EXCLUSIVE REGULAR SAVER - ISSUE 2

Old Rate (%) 6.00  New Rate (%)  5.65

From the T&cs for this account:-

• If we put the rate down, we’ll let you know as soon as we can - with at least 30 days’ notice."

They are trying to do this with 14 days notice!!

https://web.archive.org/web/20240821170621/https://www.monbs.com/savings/exclusive-regular-saver-issue-2/

And thanks @Bridlington1 for archiving the T&Cs

Note also that you can close the account because the interest rate is being reduced.

They changed this from 1 October. Had about 3 letters advising of it in early September (not that that left quite 30 days notice to implement the change from 30 days to 14, but anyway.)

But they're in a contract with us that says 30 days ???

Don’t worry! That reduction of interest for 16 days will only reduce your overall interest by less than £1.

NorwichMan

I opened a Principality Christmas 2025 RS last night, tried to fund it but COP not working with the account number/reference I was given. Tried again this morning but get the same message. I am tempted to go ahead anyway because if possible I would like to make a November payment today and December payment tomorrow.

Is it normal for COP to take a while to start working especially over a weekend? Should be low risk to ignore the warning if I'm sure about the details? Will a payment made today (Saturday 30 November) get credited as a November payment?