Regular Savings Accounts: The Best Currently Available List!

Eco_Miser

Descrabled said:

Yorkshire Penny Bank have always done this with both DD and SO. This is to reserve the cash over the weekend.

It is most obvious over bank holidays when a payment is delayed to the next working day. YB app shows a clock against such payments.

Another old time YB customer!

I think they had dropped the Penny before Direct Debits had been invented, and certainly before there was any way to tell what the balance was over a weekend or bank holiday.

eskbanker

Eco_Miser said:

I think they had dropped the Penny before Direct Debits had been invented

Wikipedia backs you up there, 1959 and 1964 respectively!

Descrabled

Yorkshire Penny Bank; used to avoid confusion with YBS.

I can confirm I had a savings account in my teens at YPB.  I opened a current account at the Midland Bank, over t'road, on going to university.  I still have this account although the 4 digit account number, "abcd", latter became "wxyzabcd" but retains the original sort-code.

I worked in Scotland during one summer and Midland had no branches in Scotland. So an arrangement to cash cheques was set up with, interestingly, Clydesdale Bank near where I was working. No debit cards or ATMs in them days.

trickydicky14

I think Scottish B.S regular saver 1.35% has been withdrawn.
Just tried the MSE link to find it has gone!
Please correct me if I am wrong.

BrownTrout

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?

They always back date to the date the money hit their account though and thier update is before 9am each morning

Fingerbobs

JamesRobinson48 said:

trickydicky14 said:

I think Scottish B.S regular saver 1.35% has been withdrawn.
Just tried the MSE link to find it has gone!
Please correct me if I am wrong.

Yes it's been pulled. On past form, it might be reinstated at a later date. But I imagine the % rate might be revisited in the interim.

Crikey, I just posted my application for this account yesterday - hope they honour it.

Ken68

Beggar......Posted mine today, been thinking about it for a few days. Lesson earned. 

Special_Saver2

Hi Everybody,

Here is this weekend's update to this thread.

- Scottish BS Regular Saver withdrawn

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

Morrigan_2020

Sorry this is probably daft question that has already been answered but its a long thread! 

Is there any restriction on having the regular savers from both RBS and Natwest at the same time?  I got a switching bonus from Natwest a bit ago so presume I won't be eligible for the RBS switch bonus anymore, but would be nice to get 3%!

Thanks.

eddie7612

Morrigan_2020 said:

Sorry this is probably daft question that has already been answered but its a long thread! 

Is there any restriction on having the regular savers from both RBS and Natwest at the same time?  I got a switching bonus from Natwest a bit ago so presume I won't be eligible for the RBS switch bonus anymore, but would be nice to get 3%!

Thanks.

No there isn't - I have both and had no problems. If you have enough direct debits you can even have a Reward account from both and collect the bonuses on both.