Regular Savings Accounts: The Best Currently Available List!

pecunianonolet

Mr._H_2 said:

HSBC Regular Saver
Anyone here have an HSBC regular saver? Do you know if I can cancel the auto-created standing order from my HSBC current account, and then fund the regular saver from an external account instead?

francoghezzi said:

Mr._H_2 said:

HSBC Regular Saver
Anyone here have an HSBC regular saver? Do you know if I can cancel the auto-created standing order from my HSBC current account, and then fund the regular saver from an external account instead?

You can't cancel it, you can only change the amount you pay, starting from a minimum of £25

Not having a regular saver with HSBC currently, but had them in the past and always funded manually, never had a SO. They say minimum funding is £25 as per T&C's but when rates were rising and others were paying more I stopped funding it and let it run it's course to maturity. That part of the T&C's doesn't seem to be enforced.

Stargunner

Mr._H_2 said:

HSBC Regular Saver
Anyone here have an HSBC regular saver? Do you know if I can cancel the auto-created standing order from my HSBC current account, and then fund the regular saver from an external account instead?

I have a HSBC RS snd i fund it each month by transferring £250 to my HSBC current acc from another bank and then I do an internal transfer to transfer the funds to my RS

Mr._H_2

pecunianonolet said:

Mr._H_2 said:

HSBC Regular Saver
Anyone here have an HSBC regular saver? Do you know if I can cancel the auto-created standing order from my HSBC current account, and then fund the regular saver from an external account instead?

Not having a regular saver with HSBC currently, but had them in the past and always funded manually

From an external (non-HSBC) account?

qbadger

allegro120 said:

Melton BS

I deposited to Melton RS  yesterday (Sunday 1st Dec). The money is credited and dated 2nd December.  For some reason it was marked in my spreadsheet as 'weekend friendly', but now thinking that this info could be wrong and this account doesn't pay interest on weekend deposits.  Does anyone know the correct answer?  I couldn't find it in t&c.

My deposit from yesterday is also dated today, but in the statement description it says: "Posted: 01/12/2024".

Perhaps their interest calculation is based on posted date instead (opposite of LBG).

Hattie627

Stargunner said:

Mr._H_2 said:

HSBC Regular Saver
Anyone here have an HSBC regular saver? Do you know if I can cancel the auto-created standing order from my HSBC current account, and then fund the regular saver from an external account instead?

I have a HSBC RS snd i fund it each month by transferring £250 to my HSBC current acc from another bank and then I do an internal transfer to transfer the funds to my RS

This is what I do and have never encountered any problems. You CAN cancel the SO (set up by HSBC when you open the RS) from your HSBC c/account to your HSBC RS. Not sure about funding your RS directly from an external source, never tried it.

pecunianonolet

Mr._H_2 said:

pecunianonolet said:

Mr._H_2 said:

HSBC Regular Saver
Anyone here have an HSBC regular saver? Do you know if I can cancel the auto-created standing order from my HSBC current account, and then fund the regular saver from an external account instead?

Not having a regular saver with HSBC currently, but had them in the past and always funded manually

From an external (non-HSBC) account?

From an external account to HSBC current account and manual transfer into the reg saver. Never tried to fund it directly.

AmityNeon

qbadger said:

allegro120 said:

Melton BS
I deposited to Melton RS  yesterday (Sunday 1st Dec). The money is credited and dated 2nd December.  For some reason it was marked in my spreadsheet as 'weekend friendly', but now thinking that this info could be wrong and this account doesn't pay interest on weekend deposits.  Does anyone know the correct answer? I couldn't find it in t&c.

My deposit from yesterday is also dated today, but in the statement description it says: "Posted: 01/12/2024".

T&Cs indicate as such.

18. Interest accrues on any sums you have saved (with the exception of offset accounts) from the actual date of deposit.

31. For payments received by the Society on a non-working day, these will show on your account the next working day and be backdated to the date received by the Society

[Deleted User]

janusdesign said:

[Deleted User] said:

Made a boo boo and paid an extra £200 to the Principality reg saver, the one with a limit of £1200.

I've just rang them and they did confirm that there is going to be a similar saver about to open.

Rather strangely my £200 is going to be held in the existing account until I give my maturity instructions and won't be returned.

Totally my fault but hoped it would be returned.

interestingly, I did the same thing myself yesterday, but to their standard regular saver (£250pm, max £3k) - realised as soon as I sent the payment.

following your post, i've just checked the account and the balance is showing as £3,250 - it matures on the 22nd, so I won't bother chasing this overpayment, i'll just see what happens at maturity (but check its balance periodically until then!)

Just checked and my 'extra' £200 isn't showing, think I will send them an online message.

Stargunner

[Deleted User] said:

janusdesign said:

[Deleted User] said:

Made a boo boo and paid an extra £200 to the Principality reg saver, the one with a limit of £1200.

I've just rang them and they did confirm that there is going to be a similar saver about to open.

Rather strangely my £200 is going to be held in the existing account until I give my maturity instructions and won't be returned.

Totally my fault but hoped it would be returned.

interestingly, I did the same thing myself yesterday, but to their standard regular saver (£250pm, max £3k) - realised as soon as I sent the payment.

following your post, i've just checked the account and the balance is showing as £3,250 - it matures on the 22nd, so I won't bother chasing this overpayment, i'll just see what happens at maturity (but check its balance periodically until then!)

Just checked and my 'extra' £200 isn't showing, think I will send them an online message.

Have you checked your own bank account, because they returned my £200 to mine last night.

Chaykin

Regarding the discussion about HSBC Regular Saver I guess the below sentence from their T&Cs is therefore not policed/enforced? (boldings mine)

After the first payment into the account, you must make 11 more payments on the same date each month by standing order from a qualifying current account.

If not then manually doing an internal transfer on 1st of each month (or changing the date of the existing SO to be the 1st) would be a bit more beneficial as we all know. (account opened on the 20th of the month)

First Direct's Regular Saver T&Cs are very similar but I guess those are policed/enforced?