Regular Savings Accounts: The Best Currently Available List!

s71hj

masonic said:

I decided to use their Open Banking autosave feature to work around this. The money should be pulled in automatically.

I set it on autosave to the 20th to be absolutely safe to get one in this month. Wondering then if I can change to 1st to get another in quickly.

masonic

s71hj said:

masonic said:

I decided to use their Open Banking autosave feature to work around this. The money should be pulled in automatically.

I set it on autosave to the 20th to be absolutely safe to get one in this month. Wondering then if I can change to 1st to get another in quickly.

I don't really understand what you are trying to achieve. The first payment can be made by faster payment on the day you open the account. Subsequent payments cannot be made until the mensiversary of opening the account. You can change the autosave, but it won't enable you to make more than one payment during an account month. Are you deliberately delaying making the first payment having opened the account on 1st Dec?

jaypers

figgyc said:

On the Zopa above - is it possible to open another Zopa RS pot if you close your first one? Thinking I might do that since mine is set to the 3rd and am slightly annoyed it's another funding date to deal with (on top of the 1st and my FD reg which is currently on the 16th, although that matures this month so I can shift it for the new year)

Actually in general: does anyone (iOS user perhaps?) have a full copy of the terms/summary box? I think the only way to see it is on the app when you apply, and on Android the app blocked me from taking a screenshot when I tried.

Hope this helps……..

ToastLady

figgyc said:

On the Zopa above - is it possible to open another Zopa RS pot if you close your first one? Thinking I might do that since mine is set to the 3rd and am slightly annoyed it's another funding date to deal with (on top of the 1st and my FD reg which is currently on the 16th, although that matures this month so I can shift it for the new year)

Actually in general: does anyone (iOS user perhaps?) have a full copy of the terms/summary box? I think the only way to see it is on the app when you apply, and on Android the app blocked me from taking a screenshot when I tried.

I have no idea, and not going to try and close to find out that the boat has sailed. If you do try it and it works you can let us know. I have a different funding date to all my other RS's too, I've just marked it on my calendar app as a monthly reminder. 

I could find no way of saving or taking a screenshot of the t's and c's either (android) when applying. I tried looking in the app again unsuccessfully, but that doesn't mean it's not there, could just be me being useless. 

Thanks Jaypers, I hadn't seen your post when I posted this.

flaneurs_lobster

ToastLady said:

I could find no way of saving or taking a screenshot of the t's and c's either (android) when applying. I tried looking in the app again unsuccessfully, but that doesn't mean it's not there, could just be me being useless. 

Thanks Jaypers, I hadn't seen your post when I posted this.

Yes thanks for that. How did you find them? I went looking (I'm pretty strict about saving T&Cs/summaries when I open accounts) with no luck and not having this for the Zopa product was bugging me.

jaypers

flaneurs_lobster said:

ToastLady said:

I could find no way of saving or taking a screenshot of the t's and c's either (android) when applying. I tried looking in the app again unsuccessfully, but that doesn't mean it's not there, could just be me being useless. 

Thanks Jaypers, I hadn't seen your post when I posted this.

Yes thanks for that. How did you find them? I went looking (I'm pretty strict about saving T&Cs/summaries when I open accounts) with no luck and not having this for the Zopa product was bugging me.

I’ve got an iPhone and I took some screenshots during the application. 

where_are_we

Finally got the Zopa Current Account invite. ID and Selfie ok first time. Opened a current account and deposited £1. Opened RS@7.5% fixed. Transferred £300 from my Zopa ISA as an opening deposit for RS. After not being able to see the RS sort code and account number needed to set up 11 SO`s from nominated account I used the autosave instead (Recurring variable payment) to set up £300 monthly payments from my nominated account. During this process I was able to see my RS account details. 
Will my Recurring variable monthly payment from my nominated account show up as a Standing Order in it`s list of SO`s? Autosave is new territory for me. I would have liked to specify 11 SO`s (autosave does not allow you to do this) but I suppose in 12 months time when the RS matures into a smart saver access pot I will stop the payments manually. I presume Zopa will notify me of the RS maturity. 

masonic

No I don't think the OB authorisation is to set up a new SO. Presumably it will be pushed as a FP each month. No new SO here.

The regular saver is a pot within their smart saver, so I don't think it can be credited directly from an external account.

AmityNeon

where_are_we said:

Finally got the Zopa Current Account invite. ID and Selfie ok first time. Opened a current account and deposited £1. Opened RS@7.5% fixed. Transferred £300 from my Zopa ISA as an opening deposit for RS. After not being able to see the RS sort code and account number needed to set up 11 SO`s from nominated account I used the autosave instead (Recurring variable payment) to set up £300 monthly payments from my nominated account. During this process I was able to see my RS account details.

The account details are the same as the Smart Saver account; the regular saver is just a special type of 'pot' inside it. Auto-save has to be used for automated deposits to go directly into the RS pot (which Zopa handles on their side). Zopa not providing a choice of end date is probably due to the RS product being so new (and not even fully available).

where_are_we said:

Will my Recurring variable monthly payment from my nominated account show up as a Standing Order in it`s list of SO`s? Autosave is new territory for me.

No, but your bank should provide a list of your Variable Recurring Payments, usually found in the Open Banking section where you also find your list of authorised connections. VRPs are an additional type of regular payment, alongside Standing Orders, Direct Debits and Continuous Payment Authorities.

HHUK

where_are_we said:

I presume Zopa will notify me of the RS maturity. 

From their FAQs: We’ll drop you an email 30 days before the 12-month term ends and another one once the term has ended