Regular Savings Accounts: The Best Currently Available List!

happybagger

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

happybagger said:

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

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

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

Excuse my ignorance but how exactly does one do that?

Nick_C

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

Newly_retired said:

Excuse my ignorance but how exactly does one do that?

Newly_retired said:

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

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

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.

Special_Saver2

Hi Folks,

Here is this weekend's update to this thread.

- Nationwide BS Start to Save account entry updated as I made a typographical error (I had meant to type you could pay in £100 per month, not £1,000 per month!) - it would have been an amazing account if it had allowed that much to be paid in!

I cannot see anything else to change for this week.

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