Regular Savings Accounts: The Best Currently Available List!

Bridlington1

ForumUser7 said:

Bridlington1 said:

I can't seem to see this mentioned anywhere, Bath BS are raising their regular saver rates from 1st March:
Homestart Regular Saver rising to 3.99%
16-25 Regular Saver rising to 6.75%
The Regular Saver rising to 3.59%

That’s great news! I’ve just seen it on the website now. Did you get an email? Usually they tend to email, but I didn’t get one this time

No email yet. I just typed Bath BS into my web browser as I wanted to log into online banking and it automatically came up with the regular savers page. I noticed the new rate change on there.

BestSeagull

pecunianonolet said:

For those with Natwest/RBS Reg savers and using Paypal to fill them up quickly by (ab)using double round ups. Make sure you opt for digital statements!

I did for RBS but forgot for Natwest. Received 22 letters with statements today. The pile is 5cm high. 

Do you mind explaining how double round ups work please?

Bridlington1

BestSeagull said:

pecunianonolet said:

For those with Natwest/RBS Reg savers and using Paypal to fill them up quickly by (ab)using double round ups. Make sure you opt for digital statements!

I did for RBS but forgot for Natwest. Received 22 letters with statements today. The pile is 5cm high. 

Do you mind explaining how double round ups work please?

Essentially every time you make a debit card payment the change from the nearest pound is doubled and transferred the digital regular saver.

So say you made a debit card payment of £1.01.
£2-£1.01 = 99p
99px2=£1.98
so £1.98 would be transferred from your current account to the digital regular saver (assuming you had sufficient funds in the account)

BestSeagull

Bridlington1 said:

BestSeagull said:

pecunianonolet said:

For those with Natwest/RBS Reg savers and using Paypal to fill them up quickly by (ab)using double round ups. Make sure you opt for digital statements!

I did for RBS but forgot for Natwest. Received 22 letters with statements today. The pile is 5cm high. 

Do you mind explaining how double round ups work please?

Essentially every time you make a debit card payment the change from the nearest pound is doubled and transferred the digital regular saver.

So say you made a debit card payment of £1.01.
£2-£1.01 = 99p
99px2=£1.98
so £1.98 would be transferred from your current account to the digital regular saver (assuming you had sufficient funds in the account)

Thank you. Do you use PayPal to avoid actually having to buy anything? Can you use the debit card to add money to your own PayPal account?

Bridlington1

BestSeagull said:

Bridlington1 said:

BestSeagull said:

pecunianonolet said:

For those with Natwest/RBS Reg savers and using Paypal to fill them up quickly by (ab)using double round ups. Make sure you opt for digital statements!

I did for RBS but forgot for Natwest. Received 22 letters with statements today. The pile is 5cm high. 

Do you mind explaining how double round ups work please?

Essentially every time you make a debit card payment the change from the nearest pound is doubled and transferred the digital regular saver.

So say you made a debit card payment of £1.01.
£2-£1.01 = 99p
99px2=£1.98
so £1.98 would be transferred from your current account to the digital regular saver (assuming you had sufficient funds in the account)

Thank you. Do you use PayPal to avoid actually having to buy anything? Can you use the debit card to add money to your own PayPal account?

I personally don't use paypal so couldn't give you a certain answer. I know some on this forum send multiple 1ps back and forth to people they know to get the round ups so no purchases are necessary.

I instead make deposits into the NS&I direct saver by debit card to avoid actually buying things which works quite well.

cricidmuslibale

Bridlington1 said:

BestSeagull said:

Bridlington1 said:

BestSeagull said:

pecunianonolet said:

For those with Natwest/RBS Reg savers and using Paypal to fill them up quickly by (ab)using double round ups. Make sure you opt for digital statements!

I did for RBS but forgot for Natwest. Received 22 letters with statements today. The pile is 5cm high. 

Do you mind explaining how double round ups work please?

Essentially every time you make a debit card payment the change from the nearest pound is doubled and transferred the digital regular saver.

So say you made a debit card payment of £1.01.
£2-£1.01 = 99p
99px2=£1.98
so £1.98 would be transferred from your current account to the digital regular saver (assuming you had sufficient funds in the account)

Thank you. Do you use PayPal to avoid actually having to buy anything? Can you use the debit card to add money to your own PayPal account?

I personally don't use paypal so couldn't give you a certain answer. I know some on this forum send multiple 1ps back and forth to people they know to get the round ups so no purchases are necessary.

I instead make deposits into the NS&I direct saver by debit card to avoid actually buying things which works quite well.

You can also make debit card deposits into Yorkshire Building Society savings accounts and, I understand, both Skipton and Cambridge Building Society savings accounts too.

SanguineOnSaturn

I've been making small payments to a credit card balance by Natwest debit card. The credit card will be paid in full when it's due.

ForumUser7

Leek Building Society Regular Saver Issue 3 -> 4% effective 01/03/2023

Source ~ https://www.leekbs.co.uk/news/bank-of-england-10-02-23/

pecunianonolet

Bridlington1 said:

BestSeagull said:

Bridlington1 said:

BestSeagull said:

pecunianonolet said:

For those with Natwest/RBS Reg savers and using Paypal to fill them up quickly by (ab)using double round ups. Make sure you opt for digital statements!

I did for RBS but forgot for Natwest. Received 22 letters with statements today. The pile is 5cm high. 

Do you mind explaining how double round ups work please?

Essentially every time you make a debit card payment the change from the nearest pound is doubled and transferred the digital regular saver.

So say you made a debit card payment of £1.01.
£2-£1.01 = 99p
99px2=£1.98
so £1.98 would be transferred from your current account to the digital regular saver (assuming you had sufficient funds in the account)

Thank you. Do you use PayPal to avoid actually having to buy anything? Can you use the debit card to add money to your own PayPal account?

I personally don't use paypal so couldn't give you a certain answer. I know some on this forum send multiple 1ps back and forth to people they know to get the round ups so no purchases are necessary.

I instead make deposits into the NS&I direct saver by debit card to avoid actually buying things which works quite well.

All the methods described work. I do Paypal and send £0.01 it to the other half. You can do 99 transaction per day for RBS and Natwest, so daily round ups of £198.02. Time of day seems to have also a slight impact on PP clearing transactions and only downside is that PP is not the fastest in clearing them. 

Just as FYI, same process with PP works for TSB Spend & Save to get the monthly £5 cashback.

Usually a Monday means much higher sums being transferred due to the weekend, had £560 recently in one transaction. Not always managed to to the 198 transactions a day. Paypal usually allows around 50 transactions in a row and stops working after so you need to get a different IP. I do the first lot on wifi and the second lot on phone network. So basically 4 sessions a day.

The banks also occasionally decline the transaction and block the card so you get a text message and they want you to confirm they are legit so you just reply with Y and you can keep going. Takes 1 min to unblock.

My RBS was opended before x-mas, did nothing over the festivities as I was on holiday. It's full since beginning of this week with 5k and Natwest was only opended mid Jan and is almost full too. Both pay monthly interest (PSA and tax management is relevant for me) and you can take out money and put back in as you wish. It's a lot of work and requires determination to fill them up but once they are full they perform well. 

35har1old

 Can only be opened by post