Regular Savings Accounts: The Best Currently Available List!

thefrank

qbadger said:

So if you've already funded the 1st issue in full this month, you'll need to wait until 02 Jan before funding the 2nd issue?

I do think so, you could open the account anyway because you have 10 days to fund it, but I don't see the point considering that it would have no sense to take it out of the market before January

Gers

MH RS 2 - I'm gambling that the 10 working day funding window doesn't include the bank holidays.

flaneurs_lobster

Gers said:

MH RS 2 - I'm gambling that the 10 working day funding window doesn't include the bank holidays.

Should be OK

Is there a time limit to fund my account?
It’s important to remember your account must be funded with the pledged amount within ten calendar days.

Bigwheels1111

solartom said:

For anyone with an Principality 2 Year Health Habit RS they added anual interest to my accaunt  on its 1 year anniversary

£21.40 for me.

janusd

solartom said:

For anyone with an Principality 2 Year Health Habit RS they added annual interest to my account on its 1 year anniversary

they also paid the maturity interest on my £3,250 5.5% fixed RS account - it was £98.78, which is more than the MSE RS calculator expects for £3k, so they must have paid interest on that 13th payment too!

Am i right in thinking that they automatically send statements in the post for matured accounts? I know they didn't do that when I closed a RS account early recently (just requested one for that via secure message).

Bridlington1

qbadger said:

So if you've already funded the 1st issue in full this month, you'll need to wait until 02 Jan before funding the 2nd issue?

I've fully funded the 1st issue and have just opened issue 2. I shall send £10 across to issue 2 tomorrow as an experiment so shall report back whether the £250 combined monthly deposit rule is actually enforced in practice.

schiff

solartom said:

For anyone with an Principality 2 Year Health Habit RS they added annual interest to my account  on its 1 year anniversary

Can only be withdrawn by closing the account which most of us wouldn't wish to. So it's income of tax year 2025/26. 

subjecttocontract

schiff said:

solartom said:

For anyone with an Principality 2 Year Health Habit RS they added annual interest to my account  on its 1 year anniversary

Can only be withdrawn by closing the account which most of us wouldn't wish to. So it's income of tax year 2025/26. 

Surely the tax liability doesn't depend on whether it's something you wish to do or not but, wether you can access the funds......and you can access them in 24/25 tax year if you want to.

Nick_C

subjecttocontract said:

schiff said:

solartom said:

For anyone with an Principality 2 Year Health Habit RS they added annual interest to my account  on its 1 year anniversary

Can only be withdrawn by closing the account which most of us wouldn't wish to. So it's income of tax year 2025/26. 

Surely the tax liability doesn't depend on whether it's something you wish to do or not but, wether you can access the funds......and you can access them in 24/25 tax year if you want to.

If they have added the interest to your account then you have received it.  That money is in your name.  And presumably the interest is compounded so you are benefitting from it.  It will be part of this year's income.

Bobblehat

I've been trying to get my head around the comments about opening the new Market Harborough Fixed term RS (31.03.2026) in conjunction with already having the (30.11.2025) RS.

I've just looked at the T&C's for the older one and noticed that there is a section about having two fixed term RS's ....



and a similar section in the new RS T&C's .....


My questions are ....

1) Do you think that the new T&C's over-ride the old T&C's for the old RS?
2) How will this affect the potential pay-in to both? If you've already funded the old one with £1000 by December 2024 and start funding in Jan 2025 with £240 in the new and £10 in the old? 

Struggling to get my head around when (if at all) I'd fall foul of any of the above funding restrictions before one or the other RS matures? I assume that the interim interest payments (i.e. paid on 30.11.24 for the older RS and the equivalent for the new RS [31.03.2025?] don't count).

I'd appreciate your thoughts especially if you feel I'm over thinking this!