Regular Savings Accounts: The Best Currently Available List!

Special_Saver2

Hi Folks,

Happy New Year!

Here is this weekend's update to this thread.

- Scottish BS Junior Regular Saver Account (children only) withdrawn - Halifax Kids' Monthly Saver interest rate reduced from 4% to 3.5% - Principality BS Christmas 2021 Regular Saver Bond withdrawn - Kent Reliance Regular Savings (Issue 5) paying 1.5% replaced with issue 6 paying 1%

I will do the next update next weekend.

SS2

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For those new to this thread, the first few posts are constantly updated and are on the first page
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

1882

Yesterday being the first of the month I manually transferred money to my plethora of RS accounts rather than wait until Monday for the usual SO's. All have shown up except the Monmouthshire BS one - should I worry or will it show up on Monday when the bank hols areover?

veryintrigued

1882 said:

Yesterday being the first of the month I manually transferred money to my plethora of RS accounts rather than wait until Monday for the usual SO's. All have shown up except the Monmouthshire BS one - should I worry or will it show up on Monday when the bank hols areover?

Don't worry

surreysaver

veryintrigued said:

1882 said:

Yesterday being the first of the month I manually transferred money to my plethora of RS accounts rather than wait until Monday for the usual SO's. All have shown up except the Monmouthshire BS one - should I worry or will it show up on Monday when the bank hols areover?

Don't worry

Be Happy 

surreysaver

1882 said:

Yesterday being the first of the month I manually transferred money to my plethora of RS accounts rather than wait until Monday for the usual SO's. All have shown up except the Monmouthshire BS one - should I worry or will it show up on Monday when the bank hols areover?

I wonder whether it will make a difference to the interest payments? 

schiff

1882 said:

Yesterday being the first of the month I manually transferred money to my plethora of RS accounts rather than wait until Monday for the usual SO's. All have shown up except the Monmouthshire BS one - should I worry or will it show up on Monday when the bank hols areover?

Have they all shown as having been credited in your RS accounts on Jan 1st? It's Sat/Sun.

SuperHans1

1882 said:

Yesterday being the first of the month I manually transferred money to my plethora of RS accounts rather than wait until Monday for the usual SO's. All have shown up except the Monmouthshire BS one - should I worry or will it show up on Monday when the bank hols areover?

Monmouthshire only process payments on working days so I just use a standing order for payments in to my accounts with them.

With an HSBC current account I can set up faster payments up to twelve months in advance. When I open a new regular saver this enables me to set up payments for the 1st of the month (including weekends or bank holidays) for the entire year. Other current accounts such as Lloyds are very restrictive with the payments that you can set up. Do people use any other current accounts aside from HSBC/First Direct with this flexibility?

kaMelo

SuperHans1 said:

1882 said:

Yesterday being the first of the month I manually transferred money to my plethora of RS accounts rather than wait until Monday for the usual SO's. All have shown up except the Monmouthshire BS one - should I worry or will it show up on Monday when the bank hols areover?

Monmouthshire only process payments on working days so I just use a standing order for payments in to my accounts with them.

With an HSBC current account I can set up faster payments up to twelve months in advance. When I open a new regular saver this enables me to set up payments for the 1st of the month (including weekends or bank holidays) for the entire year. Other current accounts such as Lloyds are very restrictive with the payments that you can set up. Do people use any other current accounts aside from HSBC/First Direct with this flexibility?

RBS/Natwest allow five months in advance for faster payments which is obviously less than the twelve on offer from HSBC.
Do I use it? Not really. Some are set as SO because they have to be, the rest I like to do manually to prevent a costly mistake.

schiff

SuperHans1 said

With an HSBC current account I can set up faster payments up to twelve months in advance. When I open a new regular saver this enables me to set up payments for the 1st of the month (including weekends or bank holidays) for the entire year. Other current accounts such as Lloyds are very restrictive with the payments that you can set up. Do people use any other current accounts aside from HSBC/First Direct with this flexibility?

All my HSBC SOs are dated the 1st of the month and are actioned by them on the first working day of the month. Are you saying that FPs are different?

SuperHans1

schiff said:

SuperHans1 said

With an HSBC current account I can set up faster payments up to twelve months in advance. When I open a new regular saver this enables me to set up payments for the 1st of the month (including weekends or bank holidays) for the entire year. Other current accounts such as Lloyds are very restrictive with the payments that you can set up. Do people use any other current accounts aside from HSBC/First Direct with this flexibility?

All my HSBC SOs are dated the 1st of the month and are actioned by them on the first working day of the month. Are you saying that FPs are different?

Yes