Regular Savings Accounts: The Best Currently Available List!

someone

eskbanker said:While hypothetically possible, I'm not aware of any evidence that anyone has ever been scammed as a result of fake payment account details being posted on this forum or similar?

I don't know anyone who has been electrocuted but if I see someone near some exposed wires I would point it out. In the same way I reported the posts on this thread that had bank details in.

eskbanker

someone said:

eskbanker said:While hypothetically possible, I'm not aware of any evidence that anyone has ever been scammed as a result of fake payment account details being posted on this forum or similar?

I don't know anyone who has been electrocuted but if I see someone near some exposed wires I would point it out. In the same way I reported the posts on this thread that had bank details in.

Flawed analogy - are you seriously trying to suggest that you've never read or heard of someone being electrocuted, even if you don't personally know anyone who has?

Anyway, this is all heading further off topic so probably best to leave it there....

polymaff

Good thing I didn't comment upon the difficulty of knowing a dead person - as against knowing of. ...

Nick_C

Can someone tell me where I can find the Regular Savings Accounts thread? I seem to have stumbled onto Discussion Time. 

wiseonesomeofthetime

Unfortunately, @Nick_C, it descends into this on a regular basis.

RG2015

wiseonesomeofthetime said:

Unfortunately, @Nick_C, it descends into this on a regular basis.

Very droll!

lightbulb2760

Saffron BS 12 Month Fixed Rate Members Regular Saver (Issue 8)
I've successfully applied for this, and received an email confirming that the account is now open, but haven't yet funded it. I asked Saffron when the maturity date would be, and they replied that it would be 12 months from the date of funding. I queried this, to make sure they didn't mean 12 months from the date of opening, and they confirmed it is from the date of funding. So I intend to make the first payment on 31st December, followed by payments on the 1st of the month (for January on the 4th), with the 12th and final payment on 1st November. I understand the maximum balance is £6000, so there's no possibility of a thirteenth payment on 1st December, and this will maximise the interest with account maturity on 31st December 2021.

Can anyone else confirm that the account's maturity is calculated from the date of first funding, rather than the date of opening? It sounds rather unusual...

MK62

.....though surely with a zero balance between now and 31st Dec, it will earn no interest......unless I'm missing something...

JamesRobinson48

lightbulb2760 said:

Saffron BS 12 Month Fixed Rate Members Regular Saver (Issue 8)
I've successfully applied for this, and received an email confirming that the account is now open, but haven't yet funded it. I asked Saffron when the maturity date would be, and they replied that it would be 12 months from the date of funding. I queried this, to make sure they didn't mean 12 months from the date of opening, and they confirmed it is from the date of funding. So I intend to make the first payment on 31st December, followed by payments on the 1st of the month (for January on the 4th), with the 12th and final payment on 1st November. I understand the maximum balance is £6000, so there's no possibility of a thirteenth payment on 1st December, and this will maximise the interest with account maturity on 31st December 2021. 

Where does it say there's a max balance of £6000?  I've only seen a max £500pm per calendar month. When I applied for the product, Saffron's system asked me to specify the amount of my initial contribution, bizarrely for amounts up to £6500. I took that to imply that a permitted 13th monthly instalment of £500 is indeed contemplated.  Also, you might wish to steer clear of 31st December. The Saffron rubric states: 'To ensure you receive the maximum monthly interest your payments need to reach your account by the 28th of each month for them to be counted'.  Finally, if you opened an account and you then don't fund it for the next 3 weeks, I wonder if there's a risk that the BS might close it.
 

lightbulb2760

Yes, but that won't be a problem if the 12 months doesn't start until the first funds reach the account on 31st December, as the last payment will be earning two months less one day interest. If I had funded on account opening, say on the 2nd December, then that final payment would only be earning interest for 1 month and 1 day.