Regular Savings Accounts: The Best Currently Available List!

Bridlington1

ForumUser7 said:

Yorkshire Building Society Christmas Regular Savers to be withdrawn from sale 28/02/2023

Source ~ https://www.express.co.uk/finance/personalfinance/1738592/Yorkshire-building-society-savings-account-top-interest-rates

Just in case anybody just misses the application deadline the postal application form can be found here:
https://forums.moneysavingexpert.com/discussion/comment/79807983#Comment_79807983

BestSeagull

For those regular savers which require a standing order from the current account, what happens if there are insufficient funds in the current account? 
I prefer to do all my transfers in manually, so I would be topping up the current account a few days before the standing order is due but if for any reason the top up wasn't done, would it bounce back or overdraw? There is no arranged overdraft in place.

Bridlington1

BestSeagull said:

For those regular savers which require a standing order from the current account, what happens if there are insufficient funds in the current account? 
I prefer to do all my transfers in manually, so I would be topping up the current account a few days before the standing order is due but if for any reason the top up wasn't done, would it bounce back or overdraw? There is no arranged overdraft in place.

It depends on the bank and your circumstances. Some will put you into an unarranged overdraft, others will send you a text to say that the SO hasn't gone through due to insufficient funds and to pay in the funds by whatever time or else the payment will not be made.

kaMelo

There are only two that I can think of that require deposit via standing order, FD and HSBC. Set up a standing order to deposit the necessary funds into each current account then you can manually do the rest of your regular savers  as and when you want to.

flaneurs_lobster

kaMelo said:

There are only two that I can think of that require deposit via standing order, FD and HSBC. Set up a standing order to deposit the necessary funds into each current account then you can manually do the rest of your regular savers  as and when you want to.

Don't the RBS/NatWest Digital RS accounts require a SO from a current account for at least £1?

kaMelo

flaneurs_lobster said:

kaMelo said:no

There are only two that I can think of that require deposit via standing order, FD and HSBC. Set up a standing order to deposit the necessary funds into each current account then you can manually do the rest of your regular savers  as and when you want to.

Don't the RBS/NatWest Digital RS accounts require a SO from a current account for at least £1?

No, they imply they do but they don't.

Band7

flaneurs_lobster said:

kaMelo said:

There are only two that I can think of that require deposit via standing order, FD and HSBC. Set up a standing order to deposit the necessary funds into each current account then you can manually do the rest of your regular savers  as and when you want to.

Don't the RBS/NatWest Digital RS accounts require a SO from a current account for at least £1?

They do ask you to set up an SO from one of their accounts when you first se tup the Digital Saver. You can delete that SO immediately and make your deposits from a non - Natwest/RBS account, either by SO or FP. I have been feeding my Natwest/RBS Digital Savers with Santander SOs since day one.

Similar with TSB.

Like @kaMelo, I can only think of HSBC and FD who insist on SOs from their accounts. Having said this, there's been a poster claiming a few weeks back that they can also be replaced with your preferred method of depositing. I haven't tried that myself as I am quite happy with sending the appropriate amounts by SO to my HSBC/FD current accounts, a day before the SOs for the RS is due

chris_the_bee

kaMelo said:

flaneurs_lobster said:

kaMelo said:no

There are only two that I can think of that require deposit via standing order, FD and HSBC. Set up a standing order to deposit the necessary funds into each current account then you can manually do the rest of your regular savers  as and when you want to.

Don't the RBS/NatWest Digital RS accounts require a SO from a current account for at least £1?

No, they imply they do but they don't.

TSB say must be SO from TSB current account but a number of forumites on this thread report it not being enforced.

flaneurs_lobster

Thanks @kaMelo @Band7

I knew that the Digital RS could be fed outwith the SO but didn't realise that the setup SO could be dispensed with. Since both mine are only shifting a quid it would make sense to remove them.

Bridlington1

chris_the_bee said:

kaMelo said:

flaneurs_lobster said:

kaMelo said:no

There are only two that I can think of that require deposit via standing order, FD and HSBC. Set up a standing order to deposit the necessary funds into each current account then you can manually do the rest of your regular savers  as and when you want to.

Don't the RBS/NatWest Digital RS accounts require a SO from a current account for at least £1?

No, they imply they do but they don't.

TSB say must be SO from TSB current account but a number of forumites on this thread report it not being enforced.

I can confirm they never enforce that one. I only made 1 deposit into it by SO, the rest were all by bank transfer from my TSB current account.