Regular Savings Accounts: The Best Currently Available List!

kaMelo

Qyburn said:

For those with the TSB regular saver, how strictly do they enforce the standing order requirement? I don't keep money or receive income into the TSB current account so would prefer to make payments by FP from Lloyds. I suppose I could have a really small SO of the minimum £25/m and pay in the other £225 from Lloyds. Would that be accepted? I just don't like the idea of a SO paid from an account I have to remember to manually top up. 

They don't enforce it at all, you can set up a standing order or pay by faster payment from Lloyds account without a problem.
The one thing you cannot do is transfer money manually from the TSB current account to the regular saver.

soulsaver

arsenalboy said:

Wheres_My_Cashback said:

arsenalboy said:

Thanks for TSB replies, I will try chat line first but from past experience of banking chat lines, they will only advise and not action. They will probably direct me to the App but I will probably end up transferring out and waiting 9 months for my £2 interest!

I closed my a/c earlier today via chat, even though I'd removed funds a long time ago.

From commencing initial chat (6 minutes) to closure and interest paid it took 73 minutes even though they 'aimed to close in 2-3 days'.

thanks for that

TSB app chat line closure is auto, works without chatting to an agent.

soulsaver

Qyburn said:

For those with the TSB regular saver, how strictly do they enforce the standing order requirement? I don't keep money or receive income into the TSB current account so would prefer to make payments by FP from Lloyds. I suppose I could have a really small SO of the minimum £25/m and pay in the other £225 from Lloyds. Would that be accepted? I just don't like the idea of a SO paid from an account I have to remember to manually top up. 

I think the s/o from external is OK, but for certainty -  set up a S/O to the tsb c/a at Day1 & a S/O from the tsb c/a to the RS at day 2.

Et Voila - no manual intervention..

Nick_C

Qyburn said:

For those with the TSB regular saver, how strictly do they enforce the standing order requirement? I don't keep money or receive income into the TSB current account so would prefer to make payments by FP from Lloyds. I suppose I could have a really small SO of the minimum £25/m and pay in the other £225 from Lloyds. Would that be accepted? I just don't like the idea of a SO paid from an account I have to remember to manually top up. 

The T&Cs say you can only make one deposit each month. 

I don't know if this is enforced. 

Bridlington1

kaMelo said:

Qyburn said:

For those with the TSB regular saver, how strictly do they enforce the standing order requirement? I don't keep money or receive income into the TSB current account so would prefer to make payments by FP from Lloyds. I suppose I could have a really small SO of the minimum £25/m and pay in the other £225 from Lloyds. Would that be accepted? I just don't like the idea of a SO paid from an account I have to remember to manually top up. 

They don't enforce it at all, you can set up a standing order or pay by faster payment from Lloyds account without a problem.
The one thing you cannot do is transfer money manually from the TSB current account to the regular saver.

Well I managed to do just that on several occasions. I opened a TSB regular saver in January 2022, and from February until August 2022 I manually transferred £125 from my TSB current account to my regular saver every single month. Never had any issues.

kaMelo

Bridlington1 said:

kaMelo said:

Qyburn said:

For those with the TSB regular saver, how strictly do they enforce the standing order requirement? I don't keep money or receive income into the TSB current account so would prefer to make payments by FP from Lloyds. I suppose I could have a really small SO of the minimum £25/m and pay in the other £225 from Lloyds. Would that be accepted? I just don't like the idea of a SO paid from an account I have to remember to manually top up. 

They don't enforce it at all, you can set up a standing order or pay by faster payment from Lloyds account without a problem.
The one thing you cannot do is transfer money manually from the TSB current account to the regular saver.

Well I managed to do just that on several occasions. I opened a TSB regular saver in January 2022, and from February until August 2022 I manually transferred £125 from my TSB current account to my regular saver every single month. Never had any issues.

As in transfer between accounts in online banking? (Not through a standing order)
I've never been able to do that so I've just checked to see if it's changed. Whilst I can transfer money out of the monthly saver it's still not possible to do an internal transfer from any TSB account, be it the Spend and Save or other savings account, into the monthly saver account, it's just not listed as an available account to transfer into.

ForumUser7

kaMelo said:

Bridlington1 said:

kaMelo said:

Qyburn said:

For those with the TSB regular saver, how strictly do they enforce the standing order requirement? I don't keep money or receive income into the TSB current account so would prefer to make payments by FP from Lloyds. I suppose I could have a really small SO of the minimum £25/m and pay in the other £225 from Lloyds. Would that be accepted? I just don't like the idea of a SO paid from an account I have to remember to manually top up. 

They don't enforce it at all, you can set up a standing order or pay by faster payment from Lloyds account without a problem.
The one thing you cannot do is transfer money manually from the TSB current account to the regular saver.

Well I managed to do just that on several occasions. I opened a TSB regular saver in January 2022, and from February until August 2022 I manually transferred £125 from my TSB current account to my regular saver every single month. Never had any issues.

As in transfer between accounts in online banking? (Not through a standing order)
I've never been able to do that so I've just checked to see if it's changed. Whilst I can transfer money out of the monthly saver it's still not possible to do an internal transfer from any TSB account, be it the Spend and Save or other savings account, into the monthly saver account, it's just not listed as an available account to transfer into.

You have to add it as a payee for some reason, then it works

kaMelo

I never thought of doing that.

Wheres_My_Cashback

soulsaver said:

arsenalboy said:

Wheres_My_Cashback said:

arsenalboy said:

Thanks for TSB replies, I will try chat line first but from past experience of banking chat lines, they will only advise and not action. They will probably direct me to the App but I will probably end up transferring out and waiting 9 months for my £2 interest!

I closed my a/c earlier today via chat, even though I'd removed funds a long time ago.

From commencing initial chat (6 minutes) to closure and interest paid it took 73 minutes even though they 'aimed to close in 2-3 days'.

thanks for that

TSB app chat line closure is auto, works without chatting to an agent.

It is indeed, but who mentioned an agent ? 

Qyburn

On TSB Internet banking it said "Sorry, but you are not eligible for Monthly Saver" BUT down the bottom of the screen there was the button to apply anyway. So that's what I did, the account opened OK and no hassle funding it with a transfer from Lloyds.