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schiff

Probably been asked before. If I withdraw £150 plus the accumulated excess over £850 from my RBoS digital saver and then deposit £150 and do that every following month, does that maximise the benefit from both the increased interest rate and the monthly deposit limit?

Wheres_My_Cashback

schiff said:

Probably been asked before. If I withdraw £150 plus the accumulated excess over £850 from my RBoS digital saver and then deposit £150 and do that every following month, does that maximise the benefit from both the increased interest rate and the monthly deposit limit?

Asked a few times before and lately just 2 pages back. All of the above is unnecessary, just stop the S/O and move the interest.

RG2015

schiff said:

RG2015 said:

Daliah said:

grumbler said:

Thank you all for the replies. I was a little busy last year to be on top of everything, but even last year I'd expect a little more than 0.5% from a regular savings account. And even with recent rise in the rates this 2%(!) hike doesn't look right. They sort of admit that 0.5% was pathetic.

Last year, you could easily have got 3% for some of your money. @Special_Saver2 puts in a considerable effort to make it easy for us to pick the most appropriate offers. The Santander RS dropped from the top 10 in March 2018. 2.5%, OTH, is now in joint 2nd for adult Regular Savers. 

"OTH" ?

I always get caught out by acronyms but even Google had no answer for this.

On theother hand.

I thought that, but on what planet does a four word description become a 3 letter acronym?

BAM

Bloodystupidifyou  Ask  Me

RG2015

Daliah said:

grumbler said:

Thank you all for the replies. I was a little busy last year to be on top of everything, but even last year I'd expect a little more than 0.5% from a regular savings account. And even with recent rise in the rates this 2%(!) hike doesn't look right. They sort of admit that 0.5% was pathetic.

Last year, you could easily have got 3% for some of your money. @Special_Saver2 puts in a considerable effort to make it easy for us to pick the most appropriate offers. The Santander RS dropped from the top 10 in March 2018. 2.5%, OTH, is now in joint 2nd for adult Regular Savers. 

IanManc said:

RG2015 said:

schiff said:

RG2015 said:

Daliah said:

grumbler said:

Thank you all for the replies. I was a little busy last year to be on top of everything, but even last year I'd expect a little more than 0.5% from a regular savings account. And even with recent rise in the rates this 2%(!) hike doesn't look right. They sort of admit that 0.5% was pathetic.

Last year, you could easily have got 3% for some of your money. @Special_Saver2 puts in a considerable effort to make it easy for us to pick the most appropriate offers. The Santander RS dropped from the top 10 in March 2018. 2.5%, OTH, is now in joint 2nd for adult Regular Savers. 

"OTH" ?

I always get caught out by acronyms but even Google had no answer for this.

On theother hand.

I thought that, but on what planet does a four word description become a 3 letter acronym?

BAM

Bloodystupidifyou  Ask  Me

It doesn't. The abbreviation for "on the other hand" is OTOH.  😉

OTOH (abbreviation) definition and synonyms | Macmillan Dictionary

schiff said:

RG2015 said:

Daliah said:

grumbler said:

Thank you all for the replies. I was a little busy last year to be on top of everything, but even last year I'd expect a little more than 0.5% from a regular savings account. And even with recent rise in the rates this 2%(!) hike doesn't look right. They sort of admit that 0.5% was pathetic.

Last year, you could easily have got 3% for some of your money. @Special_Saver2 puts in a considerable effort to make it easy for us to pick the most appropriate offers. The Santander RS dropped from the top 10 in March 2018. 2.5%, OTH, is now in joint 2nd for adult Regular Savers. 

"OTH" ?

I always get caught out by acronyms but even Google had no answer for this.

On theother hand.

Ah thanks, I see.

@Daliah made a mistake and @schiff failed to mention this in their response.

PRAISETHESUN

schiff said:

Probably been asked before. If I withdraw £150 plus the accumulated excess over £850 from my RBoS digital saver and then deposit £150 and do that every following month, does that maximise the benefit from both the increased interest rate and the monthly deposit limit?

As @Wheres_My_Cashback says - no need to complicate things. The terms for both NatWest and RBS digital savers seem to say that once you reach £1k you can cancel your SO, so there's no need to do anything further except skim off the interest each month

Malchester

For RBS you don't need to keep the SO going. I have cancelled mine after first payment of £1 went in. Now just transfer as much as I want when I want up to £150

RG2015

PRAISETHESUN said:

schiff said:

Probably been asked before. If I withdraw £150 plus the accumulated excess over £850 from my RBoS digital saver and then deposit £150 and do that every following month, does that maximise the benefit from both the increased interest rate and the monthly deposit limit?

As @Wheres_My_Cashback says - no need to complicate things. The terms for both NatWest and RBS digital savers seem to say that once you reach £1k you can cancel your SO, so there's no need to do anything further except skim off the interest each month

They do say this.

Daliah

RG2015 said:

Daliah said:

grumbler said:

Thank you all for the replies. I was a little busy last year to be on top of everything, but even last year I'd expect a little more than 0.5% from a regular savings account. And even with recent rise in the rates this 2%(!) hike doesn't look right. They sort of admit that 0.5% was pathetic.

Last year, you could easily have got 3% for some of your money. @Special_Saver2 puts in a considerable effort to make it easy for us to pick the most appropriate offers. The Santander RS dropped from the top 10 in March 2018. 2.5%, OTH, is now in joint 2nd for adult Regular Savers. 

IanManc said:

RG2015 said:

schiff said:

RG2015 said:

Daliah said:

grumbler said:

Thank you all for the replies. I was a little busy last year to be on top of everything, but even last year I'd expect a little more than 0.5% from a regular savings account. And even with recent rise in the rates this 2%(!) hike doesn't look right. They sort of admit that 0.5% was pathetic.

Last year, you could easily have got 3% for some of your money. @Special_Saver2 puts in a considerable effort to make it easy for us to pick the most appropriate offers. The Santander RS dropped from the top 10 in March 2018. 2.5%, OTH, is now in joint 2nd for adult Regular Savers. 

"OTH" ?

I always get caught out by acronyms but even Google had no answer for this.

On theother hand.

I thought that, but on what planet does a four word description become a 3 letter acronym?

BAM

Bloodystupidifyou  Ask  Me

It doesn't. The abbreviation for "on the other hand" is OTOH.  😉

OTOH (abbreviation) definition and synonyms | Macmillan Dictionary

schiff said:

RG2015 said:

Daliah said:

grumbler said:

Thank you all for the replies. I was a little busy last year to be on top of everything, but even last year I'd expect a little more than 0.5% from a regular savings account. And even with recent rise in the rates this 2%(!) hike doesn't look right. They sort of admit that 0.5% was pathetic.

Last year, you could easily have got 3% for some of your money. @Special_Saver2 puts in a considerable effort to make it easy for us to pick the most appropriate offers. The Santander RS dropped from the top 10 in March 2018. 2.5%, OTH, is now in joint 2nd for adult Regular Savers. 

"OTH" ?

I always get caught out by acronyms but even Google had no answer for this.

On theother hand.

Ah thanks, I see.

@Daliah made a mistake and @schiff failed to mention this in their response.

TUO - two unforgiveable offences

RG2015

Daliah said:

RG2015 said:

Daliah said:

grumbler said:

Thank you all for the replies. I was a little busy last year to be on top of everything, but even last year I'd expect a little more than 0.5% from a regular savings account. And even with recent rise in the rates this 2%(!) hike doesn't look right. They sort of admit that 0.5% was pathetic.

Last year, you could easily have got 3% for some of your money. @Special_Saver2 puts in a considerable effort to make it easy for us to pick the most appropriate offers. The Santander RS dropped from the top 10 in March 2018. 2.5%, OTH, is now in joint 2nd for adult Regular Savers. 

IanManc said:

RG2015 said:

schiff said:

RG2015 said:

Daliah said:

grumbler said:

Thank you all for the replies. I was a little busy last year to be on top of everything, but even last year I'd expect a little more than 0.5% from a regular savings account. And even with recent rise in the rates this 2%(!) hike doesn't look right. They sort of admit that 0.5% was pathetic.

Last year, you could easily have got 3% for some of your money. @Special_Saver2 puts in a considerable effort to make it easy for us to pick the most appropriate offers. The Santander RS dropped from the top 10 in March 2018. 2.5%, OTH, is now in joint 2nd for adult Regular Savers. 

"OTH" ?

I always get caught out by acronyms but even Google had no answer for this.

On theother hand.

I thought that, but on what planet does a four word description become a 3 letter acronym?

BAM

Bloodystupidifyou  Ask  Me

It doesn't. The abbreviation for "on the other hand" is OTOH.  😉

OTOH (abbreviation) definition and synonyms | Macmillan Dictionary

schiff said:

RG2015 said:

Daliah said:

grumbler said:

Thank you all for the replies. I was a little busy last year to be on top of everything, but even last year I'd expect a little more than 0.5% from a regular savings account. And even with recent rise in the rates this 2%(!) hike doesn't look right. They sort of admit that 0.5% was pathetic.

Last year, you could easily have got 3% for some of your money. @Special_Saver2 puts in a considerable effort to make it easy for us to pick the most appropriate offers. The Santander RS dropped from the top 10 in March 2018. 2.5%, OTH, is now in joint 2nd for adult Regular Savers. 

"OTH" ?

I always get caught out by acronyms but even Google had no answer for this.

On theother hand.

Ah thanks, I see.

@Daliah made a mistake and @schiff failed to mention this in their response.

TUO - two unforgiveable offences

Why can't people just say what they mean? I'm out of this.

Wheres_My_Cashback

Be thankful that you don't know an organisation that has acronyms within acronyms !

Otherwise known as a Backronym.