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Regular Savings Accounts: The Best Currently Available List!

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  • allegro120
    allegro120 Posts: 1,848 Forumite
    1,000 Posts Second Anniversary Name Dropper
    I currently have a Current Account with Nationwide and hold a Flex RS. However I’m switching to Lloyds this week, will the Flex RS be closed or will it remain open? I have a credit card with them so will still hold an account and have access to the app. 
    Probably be transferred to a lesser paying account .
    If you're doing switching, its worth using donor accounts rather than switching main accounts

    Thanks, I did read that in the T&Cs but they use the word “may” meaning that they may not and was wondering if anyone had experience of this themselves. I do appreciate you taking the time to search and post that though. 

    With regards to the doner account use. I’ve never really bothered too much in getting involved to that level. I’m happy to move my custom over to another bank if the incentives are there. Plus as you will be aware, you often have to meet and maintain certain criteria to avoid monthly fee's, e.g for Lloyds the account I’ve gone for requires £2000 payment per month and three direct debits. So I just find it easier to go along with it all and move every couple of years or so 👍🏼
    Can't remember which bank it was, but I recall breaking this rule and my RS stayed alive until the end of its original term.  However, I wouldn't recommend doing this.  I think the best solution is opening another qualifying current account with Nationwide before switching.  You can then switch the existing account with all its direct debits and the new one will serve the purpose of keeping your RS going. There's no point risking the closure of well performing RS.  

    I'm not sure if your Nationwide credit card will qualify.  According to t&c you have to have current account.
  • surreysaver
    surreysaver Posts: 4,802 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Lloyds Reg Saver

    OH put 400 into the reg saver yesterday (newly opened) and tried to fund with another 400 today and Lloyds is saying that it isn't possible as it would exceed the monthly limit. I put 400 into mine just now and it shows the date of 2nd December. Looks like funding Lloyds on a weekend isn't an option.

    Nationwide Reg Saver

    Payment made and showing as 2nd December
    Lloyds say the payment needs to be made by 25th, although in reality last working day of the month is fine as long as there's no delays. 
    I think opening on a weekend when the month changes is pushing your luck!
    I consider myself to be a male feminist. Is that allowed?
  • AmityNeon said:

    Lloyds Reg Saver
    OH put 400 into the reg saver yesterday (newly opened) and tried to fund with another 400 today and Lloyds is saying that it isn't possible as it would exceed the monthly limit. I put 400 into mine just now and it shows the date of 2nd December. Looks like funding Lloyds on a weekend isn't an option.

    Yes it is, but LBG has quirk #4:

    1. Deposits are credited on non-working days.
    2. Deposits earn interest when credited on non-working days.
    3. On non-working days, transaction post dates are future-dated to the next working day, and the true transaction date (and value date for interest purposes) is included in the transaction details.
    4. The monthly contribution limit per calendar month is based on the post date, so a deposit on Saturday 30th September will have a post date of 2nd December and therefore count towards December's contribution, yet still earn interest from 30th September.

    Nationwide Reg Saver
    Payment made and showing as 2nd December

    As above with LBG, but #4 does not apply; Nationwide will accept a monthly deposit on Saturday 30th September and another deposit on Sunday 1st December (both transactions will have the same post date of 2nd December and their respective true/value dates in their transaction details).

    Most helpful and interesting that very little details could make such a difference. 
  • AmityNeon said:

    Lloyds Reg Saver
    OH put 400 into the reg saver yesterday (newly opened) and tried to fund with another 400 today and Lloyds is saying that it isn't possible as it would exceed the monthly limit. I put 400 into mine just now and it shows the date of 2nd December. Looks like funding Lloyds on a weekend isn't an option.

    Yes it is, but LBG has quirk #4:

    1. Deposits are credited on non-working days.
    2. Deposits earn interest when credited on non-working days.
    3. On non-working days, transaction post dates are future-dated to the next working day, and the true transaction date (and value date for interest purposes) is included in the transaction details.
    4. The monthly contribution limit per calendar month is based on the post date, so a deposit on Saturday 30th September will have a post date of 2nd December and therefore count towards December's contribution, yet still earn interest from 30th September.

    Nationwide Reg Saver
    Payment made and showing as 2nd December

    As above with LBG, but #4 does not apply; Nationwide will accept a monthly deposit on Saturday 30th September and another deposit on Sunday 1st December (both transactions will have the same post date of 2nd December and their respective true/value dates in their transaction details).

    I suspect you have your months wrong here as this makes no sense to me in current text.
  • Section62
    Section62 Posts: 9,720 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    AmityNeon said:

    Lloyds Reg Saver
    OH put 400 into the reg saver yesterday (newly opened) and tried to fund with another 400 today and Lloyds is saying that it isn't possible as it would exceed the monthly limit. I put 400 into mine just now and it shows the date of 2nd December. Looks like funding Lloyds on a weekend isn't an option.

    Yes it is, but LBG has quirk #4:

    1. Deposits are credited on non-working days.
    2. Deposits earn interest when credited on non-working days.
    3. On non-working days, transaction post dates are future-dated to the next working day, and the true transaction date (and value date for interest purposes) is included in the transaction details.
    4. The monthly contribution limit per calendar month is based on the post date, so a deposit on Saturday 30th September will have a post date of 2nd December and therefore count towards December's contribution, yet still earn interest from 30th September.

    Nationwide Reg Saver
    Payment made and showing as 2nd December

    As above with LBG, but #4 does not apply; Nationwide will accept a monthly deposit on Saturday 30th September and another deposit on Sunday 1st December (both transactions will have the same post date of 2nd December and their respective true/value dates in their transaction details).

    I suspect you have your months wrong here as this makes no sense to me in current text.
    September = November
  • Re NatWest and RBS digital reg savers

     I have not received any interest on either of these for December? 
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