Regular Savings Accounts: The Best Currently Available List!

redux

Bridlington1 said:

NS&I for me. I once did 396 in one day (99 from each of my Natwest/RBS current accounts)

I wonder whether you've actually sat and worked out the earned hourly rate in some of these schemes

It's one thing using up a bit of spare time, but people come to place a value on having the time spare

Bridlington1

redux said:

Bridlington1 said:

NS&I for me. I once did 396 in one day (99 from each of my Natwest/RBS current accounts)

I wonder whether you've actually sat and worked out the earned hourly rate in some of these schemes

It's one thing using up a bit of spare time, but people come to place a value on having the time spare

When I did those lot I think it worked it out to be around £3-4/hr.

What can I say. It was January, pouring it down with rain and pretty cold outside so I didn't want to go out. I had 5 hours to spare so thought I may as well do something productive. 

quirkydeptless

ForumUser7 said:

Has anyone had their ecology rs dd debited from their current account for this month yet please? I have down it as due to go yesterday (catering for the BH - 2nd WD), but it didn’t go and hasn’t again today either. Thanks

Both of mine went through Today

AmityNeon

ForumUser7 said:

Has anyone had their ecology rs dd debited from their current account for this month yet please? I have down it as due to go yesterday (catering for the BH - 2nd WD), but it didn’t go and hasn’t again today either. Thanks

Ecology DDs are debited from your account on the third working day of the month.

Sparky95

Does anyone know how long it takes for First Direct to transform their regular saver into an easy access when it matures? Mine did on the 30th, I've had the interest applied but still can't access the money or open a new regular saver.

10_66

Sparky95 said:

Does anyone know how long it takes for First Direct to transform their regular saver into an easy access when it matures? Mine did on the 30th, I've had the interest applied but still can't access the money or open a new regular saver.

First Direct are (in my experience) always slow.  I always end up having to call them to get them to release the funds, as I don't want their 1.30% interest that'll it'll be earning in the easy access account.  They say allow 5 working days, but it's taken longer than that for me if I don't nudge them.

OceanSound

Sparky95 said:

Does anyone know how long it takes for First Direct to transform their regular saver into an easy access when it matures? Mine did on the 30th, I've had the interest applied but still can't access the money or open a new regular saver.

The terms say up to 5 working days:

 It can take up to five working days for the account to convert and you'll earn interest at your new account's rate during that time. If you need access to it while this is happening, call us.

I opened a first direct rs back in 2019. It was opened on 27 August 2019. Just checked the current account statement and I can see an internal.transfer  of £ 3699.99 from my savings account to current account with date 26 AUg 2020. 

But as another forumite has said they needed to call, it could mean that things have changed and now it takes longer for the transformation.

Edit: if it takes longer than 5 working days make it a point to complain and ask for compensation!

Sparky95

10_66 said:

Sparky95 said:

Does anyone know how long it takes for First Direct to transform their regular saver into an easy access when it matures? Mine did on the 30th, I've had the interest applied but still can't access the money or open a new regular saver.

First Direct are (in my experience) always slow.  I always end up having to call them to get them to release the funds, as I don't want their 1.30% interest that'll it'll be earning in the easy access account.  They say allow 5 working days, but it's taken longer than that for me if I don't nudge them.

That's pretty rubbish really, every other bank I've used seem to manage alright it within a day or two. I'll give them until tomorrow before I call, but like you, I don't appreciate having my money stuck at 1.3%.

SueDebt

Sparky95 said:

Does anyone know how long it takes for First Direct to transform their regular saver into an easy access when it matures? Mine did on the 30th, I've had the interest applied but still can't access the money or open a new regular saver.

Mine also matured on 30th (a Sunday) but it appeared on Monday (a bank holiday).

However I applied for a new RS on the Monday bank holiday and that didn't appear until late last night. It said it could take a few days.

allegro120

ForumUser7 said:

Has anyone had their ecology rs dd debited from their current account for this month yet please? I have down it as due to go yesterday (catering for the BH - 2nd WD), but it didn’t go and hasn’t again today either. Thanks

Mine has gone in today.