Regular Savings Accounts: The Best Currently Available List!

NannaH

I opened a FD current acc on Thursday online,  got my debit card yesterday, had to ring and set up telephone banking before I could use the app then  added £1k online via bank transfer and then opened a regular saver via the app,  it said it will be up and running in a few days and hasn’t yet taken the first £300. 

isasmurf

Rich2808 said:

happybagger said:

This is becoming instagram for account openings. dozens of posts that actually contain no really useful info.
Surely, FD have launched an account, read the terms, open it or not, move on?

I think it is perfectly legitimate to get these comments/posts for a few days when a new product launches or an existing regular saver sees its interest rate massively boosted as FD has done.   FD does not provide an email confirmation when you apply - and its perfectly legitimate to raise questions for example about the application process and delays in your new account when opened online appearing in online banking.

Its not a tiny building society - the HSBC group which supports it is a huge global entity - and given you need to be an existing current account customer (so they have your details) I see no reason why it simply doesn't appear instantaneously. If I was FD I probably wouldn't have launched this just before a bank holiday weekend for this reason given the flood of applications they would have got on Thursday.

Its only a minor issue - but this is surely what this forum is for as not everyone has the same financial expertise etc.

The issue is not whether this is what this forum is for, but whether they should be posted in this thread. It would be much better if all questions and comments on the First Direct regular saver or any other account get posted in a dedicated thread for that account rather than in a general thread, especially when it is a popular account that generates lots of posts. It would save people who aren't interested in the FD RS from opening this thread and having to scroll through lots of posts they aren't interested in. It would help infrequent visitors to this forum coming here who may have questions to find that their question has been asked and answered already more easily. 

Descrabled

Monmouthshire Christmas Saver 4

I missed that this accounnt increased to 1.5% from 17 March. How did I miss that change?

I still have Chorley and Principality Christmas Savers paying 1.05% wih nominal addition each month.

I also have nominal amounts going into SRBS 1.15%, ESBS 1.3%, and Loughborough Flex 1.1%. All have sizable balances that will be reduced to minimum if their interest rate do not improve by the end of May.

I have alredy removed most money from Mansfied, Ecology, and Nationwide S to S.

I expect HSBC to match the 3.5% of First Direct in near future.

soulsaver

Descrabled said:

Monmouthshire Christmas Saver 4

I missed that this accounnt increased to 1.5% from 17 March. How did I miss that change?

Yep - I didn't get a notification either. I had dropped my SO to £5 from May, so glad you mentioned it! And in time to put back up to £1k pm from May pay.

Malchester

soulsaver said:

Descrabled said:

Monmouthshire Christmas Saver 4

I missed that this accounnt increased to 1.5% from 17 March. How did I miss that change?

Yep - I didn't get a notification either. I had dropped my SO to £5 from May, so glad you mentioned it! And in time to put back up to £1k pm from May pay.

I assume this acc is no longer available to open now?

Nick_C

A note about using Chase as a feeder account.

Standing Orders from Chase are processed on the day they are scheduled for.

You can schedule Faster Payments and Standing Orders for a Sunday.

Some banks only send Standing orders on bank working days.

My Cambridge BS, Skipton BS, and Virgin Money Regular Savers have all been credited today.  (I used to fund them from my Club Lloyds Current Account, and they would not have been sent/credited until Tuesday.)

Cambridge and Skipton receiving accounts are held by Barclays.

Incidentally, although the payment to Skipton from Chase has processed today and is showing now in my Skipton RS, when I tried to process a transfer from a Skipton instant access savings account to my Skipton RS, it scheduled it for Tuesday.  So funding the Skipton RS from Chase is faster than funding it from a Skipton account on non banking days.

Finally, a payment from Chase to my Saffron BS Regular Saver, which is also received via Barclays, has not been credited to my Saffron account.  I expect it will show up on Tuesday.

SFindlay

Nick_C said:

A note about using Chase as a feeder account.

Standing Orders from Chase are processed on the day they are scheduled for.

You can schedule Faster Payments and Standing Orders for a Sunday.

Some banks only send Standing orders on bank working days.

My Cambridge BS, Skipton BS, and Virgin Money Regular Savers have all been credited today.  (I used to fund them from my Club Lloyds Current Account, and they would not have been sent/credited until Tuesday.)

Cambridge and Skipton receiving accounts are held by Barclays.

Incidentally, although the payment to Skipton from Chase has processed today and is showing now in my Skipton RS, when I tried to process a transfer from a Skipton instant access savings account to my Skipton RS, it scheduled it for Tuesday.  So funding the Skipton RS from Chase is faster than funding it from a Skipton account on non banking days.

Finally, a payment from Chase to my Saffron BS Regular Saver, which is also received via Barclays, has not been credited to my Saffron account.  I expect it will show up on Tuesday.

Thanks for this, have those faster payments come from your Chase current account or direct from the Chase savings account?

Descrabled

Monmouthshire Christmas Saver 4 (no longer available)

As per T&C we can make multiple payments up to the £1k limit so will make extra payment on Tuesday pending revision of SO for June.

Daliah

SFindlay said:

Nick_C said:

A note about using Chase as a feeder account.

Standing Orders from Chase are processed on the day they are scheduled for.

You can schedule Faster Payments and Standing Orders for a Sunday.

Some banks only send Standing orders on bank working days.

My Cambridge BS, Skipton BS, and Virgin Money Regular Savers have all been credited today.  (I used to fund them from my Club Lloyds Current Account, and they would not have been sent/credited until Tuesday.)

Cambridge and Skipton receiving accounts are held by Barclays.

Incidentally, although the payment to Skipton from Chase has processed today and is showing now in my Skipton RS, when I tried to process a transfer from a Skipton instant access savings account to my Skipton RS, it scheduled it for Tuesday.  So funding the Skipton RS from Chase is faster than funding it from a Skipton account on non banking days.

Finally, a payment from Chase to my Saffron BS Regular Saver, which is also received via Barclays, has not been credited to my Saffron account.  I expect it will show up on Tuesday.

Thanks for this, have those faster payments come from your Chase current account or direct from the Chase savings account?

Directly from the Chase savings account (which is presently the best feeder account for regular savers).

dcs34

EDIT: in reference to discussion on Monmouthshire Christmas Saver 4 now up from 1% to 1.5%


Checked online and yes, showing 1.5% - how did you know this came in from 17th March?

(Thanks to Descrabled for showing how to find interest rates for withdrawn accounts from MBS - been searching that one for a while!)

Given Chase are offering 1.5% with easy access (instant withdrawals) I will continue to not fund it anyway!