Regular Savings Accounts: The Best Currently Available List!

bristolleedsfan

SFindlay said:

bristolleedsfan said:

liamcov said:

bristolleedsfan 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

https://www.tsb.co.uk/savings/instant-access/

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your TSB current account, although you can only pay in once a month by standing order and cannot replace what you have withdrawn.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

soulsaver said:

bristolleedsfan 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

Saver53 said:

soulsaver said:

bristolleedsfan 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

bristolleedsfan said:

SFindlay said:

bristolleedsfan said:

liamcov said:

bristolleedsfan 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

https://www.tsb.co.uk/savings/instant-access/

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

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.

bristolleedsfan

SFindlay said:

bristolleedsfan said:

SFindlay said:

bristolleedsfan said:

liamcov said:

bristolleedsfan 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

https://www.tsb.co.uk/savings/instant-access/

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. 

Yes, I guessed unlike Lloyds Banking Group who do allow internal transfers to Monthly Saver Account(s) TSB took that ability away, to get around clear unambigious rules/T+C you set up a payment as would normally be the case to external accounts and each month make a payment to TSB Monthly Saver as opposed to what you said you do  "I simply make a transfer from my TSB current account every month"

SFindlay

bristolleedsfan said:

SFindlay said:

bristolleedsfan said:

SFindlay said:

bristolleedsfan said:

liamcov said:

bristolleedsfan 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

https://www.tsb.co.uk/savings/instant-access/

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. 

as opposed to what you said you do  "I simply make a transfer from my TSB current account every month"

I do simply make a transfer from my TSB current account! No it's  not an "internal" transfer but never the less I pay direct from my current account to my RS and not via a SO which is what the OP was asking!

creditavenger

My wife and I have just opened 1 Year Regular Saver Issue 4 accounts with the Furness Building Society.
They are passbook based postal/branch accounts paying a variable interest rate of 1% and they allow a max contribution of £250 per month.
Unremarkable, I hear you say...... but we were allowed to open 4 accounts each.

The terms and conditions for the account actually state "There are no restrictions on how many regular saver accounts you can open" but sadly we were advised that 4 each was the max possible, scuppering my cunning plan somewhat. Still pretty good though!

Here is a link:       https://www.furnessbs.co.uk/savings/products/regular-saver/1-year-regular-saver/

The Furness is a Building Society with a 150 year history with strong local community and charitable links.
My dealings have been with the Poulton based branch  Tel: 01253 892212 opening hours 10 am to 2 pm.
The branch manager and her staff are particularly friendly, professional and very efficient. I can highly recommend them.

cosh25

creditavenger said:

Unremarkable, I hear you say...... but we were allowed to open 4 accounts each.

The terms and conditions for the account actually state "There are no restrictions on how many regular saver accounts you can open" but sadly we were advised that 4 each was the max possible, scuppering my cunning plan somewhat. Still pretty good though!

Thanks for the heads up.
After looking at the account on their website, I do find it strange they state that there is no limit on how many you can open, but then limit it to 4. They should just state 4.

creditavenger

cosh25 said:

creditavenger said:

Unremarkable, I hear you say...... but we were allowed to open 4 accounts each.

The terms and conditions for the account actually state "There are no restrictions on how many regular saver accounts you can open" but sadly we were advised that 4 each was the max possible, scuppering my cunning plan somewhat. Still pretty good though!

Thanks for the heads up.
After looking at the account on their website, I do find it strange they state that there is no limit on how many you can open, but then limit it to 4. They should just state 4.

Apparently someone had taken this "executive decision" after a customer had recently tried to open 20. Rather bizarrely that was the exact figure that I'd originally had in mind too.