Regular Savings Accounts: The Best Currently Available List!

AmityNeon

@Expotter
So you can cancel your SO and create another for ASAP this month. Once that pays out, cancel again and create another for 1st March to repeat monthly.

This requires manually entering the details of your Regular Saver as a payee because the First Direct interface doesn’t provide an option to set up regular payments to internal accounts. The Regular Saver specifically also does not appear as a payee for one-off payments either, and any attempt to make a manual payment into it (via new payee details) will result in an error.

Whether you can make multiple SO payments in a calendar month (totalling the deposit limit or less), I haven’t risked testing. Perhaps it’s possible considering your current SO is scheduled for two payments in March.

HSBC’s interface is less restrictive in that the Regular Saver does appear as a payee for both one-off and regular payments, but the same restrictions likely apply, such as bouncing any incoming deposit that isn’t specifically a standing order from your current account.

rallycurve

Principality First Home Steps increased by 0.2%, now 3.25% / 3.45% / 3.95%

Kazza242

rallycurve said:

Principality First Home Steps increased by 0.2%, now 3.25% / 3.45% / 3.95%

Principality BS have applied the interest rate increase to both issues 1 and 2 of their First Home Saver accounts (online and branch-based).  

3.95% on £7,501 - £25,000
3.45% £2,501 - £7,500
3.25% £1 - £2,500

The new rates are effective from today (16th February 2023).

https://www.principality.co.uk/

Asghar

Bridlington1 said:

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.

I tried NS&I yesterday and after only about four transactions, was asked to verify each one after that in the NatWest app. So I gave up and switched to PayPal.

Sensory

What happens in practice if you don’t fund HSBC (and I suppose First Direct) with the £25 minimum?

liamcov

Does the TSB monthly saver allow a 13th payment?

artyboy

Natwest (and presumably RBS) digital saver now up to 6% gross / 6.17% AER 👍

surreysaver

artyboy said:

Natwest (and presumably RBS) digital saver now up to 6% gross / 6.17% AER 👍

Since February 14th I believe. Was mentioned a few pages ago 

surreysaver

liamcov said:

Does the TSB monthly saver allow a 13th payment?

In theory, if you haven't paid the maximum of £250 per month into the account, as there is a maximum of £3k payments into the account allowed 

youngretired

Is the TSB monthly saver a calendar month or from opening. I know in the past it was a calendar month so you could change the date to 1st monthly, but this time all I can find is once per month mentioned and must be paid within the first 30 days from opening.