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Regular Savings Accounts: The Best Currently Available List!
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Stargunner said:[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.
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!)0 -
Chaykin said:
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)
The payment window is based on calendar months so in your case you could deposit earlier than the 20th, but for HSBC/FD, it's not recommended. Full interest is only paid up to the maximum monthly balance (MMB). The MMB increases by the monthly contribution limit at the start of every account month (not calendar month), and balances above the MMB only earn interest at the standard (lower) savings rate, so you don't want to fund on the 1st of each month if you opened your account on the 20th.
Chaykin said:First Direct's Regular Saver T&Cs are very similar but I guess those are policed/enforced?
First Direct's implementation is more restrictive as internal transfers are not allowed, but the SO can be cancelled and recreated (for a different date if desired, but as above, it's not recommended).
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where_are_we said:4
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where_are_we said:1
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Special_Saver2 said:
- Penrith Regular E-Saver 200 (Issue 1) and Penrith Regular Saver 200 (Issue 2) added paying 5% gross p.a. variable on up to £200 per year for 2 years; for Penrith Regular E-Saver 200 (Issue 1) this is online only allowing 4 withdrawals per calendar year (the account will be closed upon the 5th withdrawal in the same calendar year) and can be opened by people aged over 18 (I presume that this is poorly worded and that they will allow people aged 18 to open the account); For those new to this thread, the first few posts are regularly updated and are on the first page
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1
And no, it's not poorly worded because 18 years 1 month is more than (ie over)18 years. I've never, ever known anybody to question whether (for example) the right of over-18s to buy alcohol might mean they can only do so at 19.0 -
Bobblehat said:where_are_we said:
Yeah, i made a withdrawal today around 2-3pm and its being processed tomorrow.
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Did anyone else have interest credit in Market Harborough Regular Saver on 30 Nov 2024?
T&Cs stated 'Annual interest paid on maturity'6 -
ChewyyBacca said:Did anyone else have interest credit in Market Harborough Regular Saver on 30 Nov 2024?
T&Cs stated 'Annual interest paid on maturity'
Yes, i noticed that today
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ChewyyBacca said:Did anyone else have interest credit in Market Harborough Regular Saver on 30 Nov 2024?
T&Cs stated 'Annual interest paid on maturity'1
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