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Regular Savings Accounts: The Best Currently Available List!

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  • happybagger
    happybagger Posts: 1,033 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Combo Breaker
    Maybe. I think if this is what it's all about, but I think their comment "we...are excited about what the future holds for the Society and its members" is overegging it a bit...

    Can't see why they haven't commented today on what the "excitement" was all about; I mean, shout it from the rooftops!
  • Fingerbobs
    Fingerbobs Posts: 1,702 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Maybe. I think if this is what it's all about, but I think their comment "we...are excited about what the future holds for the Society and its members" is overegging it a bit...

    Can't see why they haven't commented today on what the "excitement" was all about; I mean, shout it from the rooftops!
    It was probably just a regular "all-hands" type meeting. We have them every so often where I work, as I think most companies probably do. The senior management just talk about the last year/month or whatever and the strategy for the future, with a chance for staff to ask questions of the senior management. Very generic stuff. I doubt anything earth-shattering will come out of it. 
  • Nick_C
    Nick_C Posts: 7,602 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Home Insurance Hacker!
    YBS Loyalty Regular Saver

    Just transferred £500 from my instant access account to the LRS, and pleased to see it has gone through with today's date.  (Wasn't sure if it would go through as Tuesday.)

    (My YBS IA account is funded with a Halifax debit card  :) satisfying one of the criteria for the £5 Reward).
  • soulsaver
    soulsaver Posts: 6,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Nick_C said:
    YBS Loyalty Regular Saver

    Just transferred £500 from my instant access account to the LRS, and pleased to see it has gone through with today's date.  (Wasn't sure if it would go through as Tuesday.)

    (My YBS IA account is funded with a Halifax debit card  :) satisfying one of the criteria for the £5 Reward).
    You know can fund the YBS LRS with a debit card payment, direct? 
  • Newly_retired
    Newly_retired Posts: 3,183 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Excuse my ignorance but how exactly does one do that?
  • Nick_C
    Nick_C Posts: 7,602 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Home Insurance Hacker!
    soulsaver said:
    Nick_C said:
    YBS Loyalty Regular Saver

    Just transferred £500 from my instant access account to the LRS, and pleased to see it has gone through with today's date.  (Wasn't sure if it would go through as Tuesday.)

    (My YBS IA account is funded with a Halifax debit card  :) satisfying one of the criteria for the £5 Reward).
    You know can fund the YBS LRS with a debit card payment, direct? 
    Yes, but deposits by DC take two days to clear.

    So if I made a deposit today by DC, the money wouldn't start earning interest until next Wednesday 5th.

    By making a DC deposit to my IASA last Wednesday (or earlier), the funds had cleared yesterday and I was able to transfer them into my LRSA today.
  • Nick_C
    Nick_C Posts: 7,602 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Home Insurance Hacker!
    Excuse my ignorance but how exactly does one do that?
    Excuse my ignorance but how exactly does one do that?
    I don't think you can do it in the app.  You need to use online banking.

    Click on your LRS account to select it.  
    From the menu on the left hand side of the screen, select "Deposit Money"

    But it takes two working days to clear.  Which is why I suggest depositing in an instant access account, then transferring it across on the first of the month.

    I've got an old IASA which is paying 0.3% on £1
  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    Nick_C said

    But it takes two working days to clear.  Which is why I suggest depositing in an instant access account, then transferring it across on the first of the month.

    I've got an old IASA which is paying 0.3% on £1
    Surely it takes 2 days to clear init your instant access account, too?
  • Nick_C
    Nick_C Posts: 7,602 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Home Insurance Hacker!
    colsten said:
    Nick_C said

    But it takes two working days to clear.  Which is why I suggest depositing in an instant access account, then transferring it across on the first of the month.

    I've got an old IASA which is paying 0.3% on £1
    Surely it takes 2 days to clear init your instant access account, too?
    Yes. Of course.  But

    1) some people struggle for ideas to meet the £500 monthly spend on a Debit Card to qualify for the monthly £5 Halifax Reward.

    2) it takes a day for a debit card transaction to be applied to most current accounts, so you only lose one day's interest if you are feeding from a current account that pays interest. 

    3)  my strategy has allowed me to fund my YBS LRS account today, instead of on Tuesday.  Would a FP into YBS have credited today?  I don't know. Others will be able to answer that.
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