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Regular Savings Accounts: The Best Currently Available List!

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  • bristolleedsfan
    bristolleedsfan Posts: 12,646 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 11 March 2021 at 4:19PM
    liamcov said:
    For Reg savers which require a SO (BOS, Hal, Lloyds x 2 and TSB for the ones I have) which are a minimum amount, can I top these up by doing an online bank transfer?

    I know some only allow 1 deposit per month (which would have been done with the SO) and I haven't needed to do so previously, but now due to dwindling rates...

    I never fund BOS, Hal, Lloyds x 2 by SO and yes more than 1 payment can be made per month, TSB "you can only pay in once a month by standing order"
  • liamcov
    liamcov Posts: 644 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    liamcov said:
    For Reg savers which require a SO (BOS, Hal, Lloyds x 2 and TSB for the ones I have) which are a minimum amount, can I top these up by doing an online bank transfer?

    I know some only allow 1 deposit per month (which would have been done with the SO) and I haven't needed to do so previously, but now due to dwindling rates...

    I never fund BOS, Hal, Lloyds x 2 by SO and yes more than 1 payment can be made per month, TSB "you can only pay in once a month by standing order"
    Ok thanks I'll have to change them then as I prefer to do it manually.

    So does that mean TSB only allow a SO? So I can't top it up afterwards?
  • bristolleedsfan
    bristolleedsfan Posts: 12,646 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 11 March 2021 at 4:35PM
    liamcov said:
    liamcov said:
    For Reg savers which require a SO (BOS, Hal, Lloyds x 2 and TSB for the ones I have) which are a minimum amount, can I top these up by doing an online bank transfer?

    I know some only allow 1 deposit per month (which would have been done with the SO) and I haven't needed to do so previously, but now due to dwindling rates...

    I never fund BOS, Hal, Lloyds x 2 by SO and yes more than 1 payment can be made per month, TSB "you can only pay in once a month by standing order"
    Ok thanks I'll have to change them then as I prefer to do it manually.

    So does that mean TSB only allow a SO? So I can't top it up afterwards?

    Yes, TSB only allows a SO Payment, not possible to make payment by internal transfer, you could try amending date on SO and see if second payment goes through
  • soulsaver
    soulsaver Posts: 6,618 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    liamcov said:
    For Reg savers which require a SO (BOS, Hal, Lloyds x 2 and TSB for the ones I have) which are a minimum amount, can I top these up by doing an online bank transfer?

    I know some only allow 1 deposit per month (which would have been done with the SO) and I haven't needed to do so previously, but now due to dwindling rates...

    I never fund BOS, Hal, Lloyds x 2 by SO and yes more than 1 payment can be made per month, TSB "you can only pay in once a month by standing order"
    For a change ,TSB's actual words are unambiguous:
    Monthly Savings Account | Savings | TSB Bank
    "You must set up a monthly standing order between £25 and up to £250 from a TSB current account. You can only make one payment each month into your account."

  • SFindlay
    SFindlay Posts: 393 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    liamcov said:
    liamcov said:
    For Reg savers which require a SO (BOS, Hal, Lloyds x 2 and TSB for the ones I have) which are a minimum amount, can I top these up by doing an online bank transfer?

    I know some only allow 1 deposit per month (which would have been done with the SO) and I haven't needed to do so previously, but now due to dwindling rates...

    I never fund BOS, Hal, Lloyds x 2 by SO and yes more than 1 payment can be made per month, TSB "you can only pay in once a month by standing order"
    Ok thanks I'll have to change them then as I prefer to do it manually.

    So does that mean TSB only allow a SO? So I can't top it up afterwards?

    Yes, TSB only allows a SO Payment, not possible to make payment by internal transfer, you could try amending date on SO and see if second payment goes through
    I don't have SO for TSB, I simply make a transfer from my TSB current account every month and never had a problem. I've never tried to make a second payment though so can't say if it would bounce back or not. 
  • bristolleedsfan
    bristolleedsfan Posts: 12,646 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 11 March 2021 at 6:15PM
    SFindlay said:
    liamcov said:
    liamcov said:
    For Reg savers which require a SO (BOS, Hal, Lloyds x 2 and TSB for the ones I have) which are a minimum amount, can I top these up by doing an online bank transfer?

    I know some only allow 1 deposit per month (which would have been done with the SO) and I haven't needed to do so previously, but now due to dwindling rates...

    I never fund BOS, Hal, Lloyds x 2 by SO and yes more than 1 payment can be made per month, TSB "you can only pay in once a month by standing order"
    Ok thanks I'll have to change them then as I prefer to do it manually.

    So does that mean TSB only allow a SO? So I can't top it up afterwards?

    Yes, TSB only allows a SO Payment, not possible to make payment by internal transfer, you could try amending date on SO and see if second payment goes through
    I don't have SO for TSB, I simply make a transfer from my TSB current account every month and never had a problem. I've never tried to make a second payment though so can't say if it would bounce back or not. 

    I cannot make an internal transfer to Monthly Saver, does not appear in list of accounts (To) and yes I have scrolled through list of accounts contained in (To)

    Transfer money between your accounts

    From
    To

    Monthly Saver

    • 1.00% Gross/AER% fixed for 12 months
    • Interest is paid on maturity
    • Instant access
    • Interest paid on balances over £1
    • Save from a minimum of £25 to a maximum of £250 by standing order each month
    https://www.tsb.co.uk/savings/monthly-saver/?WT.ac=A00428
    Make as many withdrawals as you like to your TSB current account, although you can only pay in once a month by standing order and cannot replace what you have withdrawn.



  • Saver53
    Saver53 Posts: 22 Forumite
    Sixth Anniversary 10 Posts
    soulsaver said:
    liamcov said:
    For Reg savers which require a SO (BOS, Hal, Lloyds x 2 and TSB for the ones I have) which are a minimum amount, can I top these up by doing an online bank transfer?

    I know some only allow 1 deposit per month (which would have been done with the SO) and I haven't needed to do so previously, but now due to dwindling rates...

    I never fund BOS, Hal, Lloyds x 2 by SO and yes more than 1 payment can be made per month, TSB "you can only pay in once a month by standing order"
    For a change ,TSB's actual words are unambiguous:
    Monthly Savings Account | Savings | TSB Bank
    "You must set up a monthly standing order between £25 and up to £250 from a TSB current account. You can only make one payment each month into your account."

    Despite this unambiguous condition, my wife and I have both funded our past and current TSB Monthly Savings Accounts by standing order from our main current account at another bank (Lloyds) without (so far) any repercussions. 
  • bristolleedsfan
    bristolleedsfan Posts: 12,646 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 11 March 2021 at 6:18PM
    Saver53 said:
    soulsaver said:
    liamcov said:
    For Reg savers which require a SO (BOS, Hal, Lloyds x 2 and TSB for the ones I have) which are a minimum amount, can I top these up by doing an online bank transfer?

    I know some only allow 1 deposit per month (which would have been done with the SO) and I haven't needed to do so previously, but now due to dwindling rates...

    I never fund BOS, Hal, Lloyds x 2 by SO and yes more than 1 payment can be made per month, TSB "you can only pay in once a month by standing order"
    For a change ,TSB's actual words are unambiguous:
    Monthly Savings Account | Savings | TSB Bank
    "You must set up a monthly standing order between £25 and up to £250 from a TSB current account. You can only make one payment each month into your account."

    Despite this unambiguous condition, my wife and I have both funded our past and current TSB Monthly Savings Accounts by standing order from our main current account at another bank (Lloyds) without (so far) any repercussions. 

    Yes I transferred a TSB account out, set up SO from a different TSB Account, forgot to cancel SO and ended up with 2 Standing Orders going into Monthly Saver during One Month with no repercussion
  • SFindlay
    SFindlay Posts: 393 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    SFindlay said:
    liamcov said:
    liamcov said:
    For Reg savers which require a SO (BOS, Hal, Lloyds x 2 and TSB for the ones I have) which are a minimum amount, can I top these up by doing an online bank transfer?

    I know some only allow 1 deposit per month (which would have been done with the SO) and I haven't needed to do so previously, but now due to dwindling rates...

    I never fund BOS, Hal, Lloyds x 2 by SO and yes more than 1 payment can be made per month, TSB "you can only pay in once a month by standing order"
    Ok thanks I'll have to change them then as I prefer to do it manually.

    So does that mean TSB only allow a SO? So I can't top it up afterwards?

    Yes, TSB only allows a SO Payment, not possible to make payment by internal transfer, you could try amending date on SO and see if second payment goes through
    I don't have SO for TSB, I simply make a transfer from my TSB current account every month and never had a problem. I've never tried to make a second payment though so can't say if it would bounce back or not. 

    I cannot make an internal transfer to Monthly Saver, does not appear in list of accounts (To) and yes I have scrolled through list of accounts contained in (To)

    Transfer money between your accounts

    From
    To

    Monthly Saver

    • 1.00% Gross/AER% fixed for 12 months
    • Interest is paid on maturity
    • Instant access
    • Interest paid on balances over £1
    • Save from a minimum of £25 to a maximum of £250 by standing order each month
    https://www.tsb.co.uk/savings/monthly-saver/?WT.ac=A00428
    Make as many withdrawals as you like to your TSB current account, although you can only pay in once a month by standing order and cannot replace what you have withdrawn.



    It doesn't need to be in your list of accounts to make a payment when you want, just set up a payment as you would if making a payment to any other account. 
  • where_are_we
    where_are_we Posts: 1,222 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Like Saver53 I am funding my recently renewed TSB MS by SO from an external current account. The first two have gone in ok. My TSB current account has a low balance since they stopped paying interest. I suppose instead I could set up £250 SO from my external CA to my TSB CA a few days before another £250 SO leaves the TSB CA for the MS.
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