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Regular Savings Accounts: The Best Currently Available List!

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  • qbadger
    qbadger Posts: 89 Forumite
    Second Anniversary 10 Posts Name Dropper
    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
    Hattie627 Posts: 346 Forumite
    100 Posts Second Anniversary Name Dropper
    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.
  • Mr._H_2 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.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    100 Posts Name Dropper
    edited 6 June at 12:49PM
    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
    Stargunner Posts: 988 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    edited 6 June at 12:49PM
    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
    Chaykin Posts: 96 Forumite
    Part of the Furniture 10 Posts Photogenic Combo Breaker
    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?
  • 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. 
    Nationwide left my RS open  earlier this year when I switched my current account away (I was quite surprised!).  
  • 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. 
    Nationwide left my RS open  earlier this year when I switched my current account away (I was quite surprised!).  
    Will you have any issues moving your money out without a linked NWide account?
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