Regular Savings Accounts: The Best Currently Available List!

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

ForumUser7

With the rate change to the Skipton Home Deposit Saver Issue 1, are we not supposed to be able to make a penalty free withdrawal please? The account allows closure, but normally with other providers a rate change means a withdrawal is allowed. Thanks 

flaneurs_lobster

ForumUser7 said:

With the rate change to the Skipton Home Deposit Saver Issue 1, are we not supposed to be able to make a penalty free withdrawal please? The account allows closure, but normally with other providers a rate change means a withdrawal is allowed. Thanks 

Not sure what you mean by "supposed to be able to...", the t&cs are definitive, no partial withdrawals from this account for any reason.

allegro120

I received  'maturity options' from Principality for Maturity Winter Regular Saver Bond.  I've logged in and picked the Christmas 2025 Regular Saver (7%) option, instructed £125 of matured funds to go there and the rest FP to my current account.  The way it's done is Maturity Winter will morph into Christmas 2025 (i.e. the account number will remain the same). Next I opened my speadsheet to input the details and realised that I already have Christmas 2025 opened in October. I am tempted to leave it as is and see if I can get away with two Christmas 2025s.  Or the other option is to call Principality and tell them I've made a mistake.  Any thoughts?

flaneurs_lobster

allegro120 said:

I am tempted to leave it as is and see if I can get away with two Christmas 2025s.  Or the other option is to call Principality and tell them I've made a mistake.  Any thoughts?

I'd let it ride, unless I needed that £125 elsewhere.

How far out from maturity are you? I've got an RS maturing on 20/12, might see if they offer me double-dibs on the Xmas 25 too.

ForumUser7

flaneurs_lobster said:

ForumUser7 said:

With the rate change to the Skipton Home Deposit Saver Issue 1, are we not supposed to be able to make a penalty free withdrawal please? The account allows closure, but normally with other providers a rate change means a withdrawal is allowed. Thanks 

Not sure what you mean by "supposed to be able to...", the t&cs are definitive, no partial withdrawals from this account for any reason.

I'd read in some companies' ts and cs that when they reduce rates you can make a withdrawal within x days. Suffolk for example is allowing partial withdrawals or closure on their no-access variable rate RSs. Thanks for confirming though.