Regular Savings Accounts: The Best Currently Available List!

AmityNeon

allegro120 said:

masonic said:

allegro120 said:

apt 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.

VM accepts deposits 7 days a week.

I've deposited to VM at weekend and it showed as next working day. I don't know whether the money is credited on the date sent, but I assume it is not.

When I last deposited into my RS at the weekend (from an external account) it was credited immediately, but was future dated to the next working day.

The important part is the interest, whether it is credited at weekend or next working day. Deposits to LBG dated to the next working day but interest is credited from the date of arrival. I'm not sure if VM is doing the same, I suspect they don't and therefore I don't deposit into VM RS at weekends. It would be great is somebody who knows for sure clarified this.

For Virgin Money, credits on non-working days do not start earning interest until the next working day (tested for 1st September 2024). The transaction status will be pending, and eventually, there will be no record of the actual transaction date. This is unlike LBG and Nationwide, who include the actual transaction date in transaction details where the date differs from the posting date (and unlike NatWest, also pay interest).

As a side note, I do appreciate that Chase and Starling include the precise time of each transaction in their app interfaces (although not their statements), in addition to accurate dates.

simonsmithsays

subjecttocontract said:

Yesterday, Saturday, I sent  £7K to my ex Gatehouse regular saver account that's now paying 5%. Today, Sunday, I received an email confirming they had received the money. I'm impresse d.

Thanks for this.

I'm a day or so behind and in the last couple of hours have had the Profit Added and the reference has now changed.

Interestingly the bank transfer checks (from Nationwide) identified that the REG type of account no longer existed (but the ERG did).

So I'll now be depositing a wedge to Gatehouse.

Working out very well this so far as at 5% it'll be by far my best EA account. Hopefully, of those that are profiting from this, some of those being extremely critical earlier in this thread about them might return and balance out their previous posts.

Bobblehat

ChewyyBacca said:

For people who had their Gatehouse reg saver (EPR 7%) mature, what was the actual profit rate you received? Is it 7% or a tad different?

They paid within a few pennies what I calculated at 7%, received £155.86. I took into account when SO payments were delayed due to weekends, and the delayed 13th payment, so no reason to doubt they paid at 7%.

Bigwheels1111

TSB, I sent £250 at 12.03am this morning and it was showing in the account 20 seconds later.

wmb194

Bigwheels1111 said:

TSB, I sent £250 at 12.03am this morning and it was showing in the account 20 seconds later.

Is it dated today or tomorrow?

Bigwheels1111

wmb194 said:

Bigwheels1111 said:

TSB, I sent £250 at 12.03am this morning and it was showing in the account 20 seconds later.

Is it dated today or tomorrow?

When I look into the details it states Today.

sta0612

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.

Thanks for this. It’s incredibly helpful.

Does anyone know about HSBC, FD, Chorley or SRBS?

Just to note, deposits I’ve made into the following institutions’ regular savers today are showing dated as 2nd December:

Halifax
BOS
Lloyds
Nationwide

What this means for interest, I don’t know.

I’ve also made payments into Principality, but I’ve been unable to check when those have been dated yet.

KuchKuch

Flex Regular Saver Issue 2

As above I made a faster payment today, but its dated 2nd December.- I thought transactions done on non-working days do get acted as soon as possible and start earning interest that same day, but I'm now questioning that.

Also, can I make a 13th month payment on a Flex Regular Saver Issue 2 account?

TIA

Cold_comfort

ChewyyBacca said:

For people who had their Gatehouse reg saver (EPR 7%) mature, what was the actual profit rate you received? Is it 7% or a tad different?

An annual rate of 7% with 1/365th of that rate credited per day though the account actually lasted 366 days

simonsmithsays

simonsmithsays said:

subjecttocontract said:

Yesterday, Saturday, I sent  £7K to my ex Gatehouse regular saver account that's now paying 5%. Today, Sunday, I received an email confirming they had received the money. I'm impresse d.

Thanks for this.

I'm a day or so behind and in the last couple of hours have had the Profit Added and the reference has now changed.

Interestingly the bank transfer checks (from Nationwide) identified that the REG type of account no longer existed (but the ERG did).

So I'll now be depositing a wedge to Gatehouse.

Working out very well this so far as at 5% it'll be by far my best EA account. Hopefully, of those that are profiting from this, some of those being extremely critical earlier in this thread about them might return and balance out their previous posts.

Apologies for clogging this thread up with what's now a EA but....


Four hours after depositing a wedge into this newly matured account (on a Sunday) I've got the SMS confirming it's arrived and it's showing in the App

.
Bravo Gatehouse 👏 

Over and out for me on this one