Regular Savings Accounts: The Best Currently Available List!

Nick_C

schiff said:

Nick_C said:

@schiff so what is this monthly cashback that you think you can get by using a NatWest Debit Card to pay in to a savings account? 

It's called a Reward. The only experience I have is with a Halifax debit card and a Skipton savings account. Do £500 of debit card payments in a month and deposit £1500 per month to the Halifax Reward current account. You get £5 reward the following month.

You do with Halifax.  That is well known. 

You don't with NatWest!! - not for using a Debit Card to pay into a savings account as you seem to be suggesting. 

BooJewels

Has anyone been able to open one of the Skipton Regular Savers and fund it from another Skipton account?  I've opened the RS, as I have both an Easy Access Saver and a Base Rate Tracker - and the RS terms say you can transfer from another Skipton account as long as there aren't restrictions in doing so on that other Skipton account.  I didn't think there would be on the EA especially - but the app will only let me move funds between those two accounts.

I've tried doing it both ways - from the EA, to transfer out to another account (only BRT listed) and from the RS to fund it from another Skipton account.  If I have to fund it from a current account it will totally defeat the object for me, as the funds are in the EA account, as they're paid there monthly from a fix.

Section62

BooJewels said:

Has anyone been able to open one of the Skipton Regular Savers and fund it from another Skipton account?  I've opened the RS, as I have both an Easy Access Saver and a Base Rate Tracker - and the RS terms say you can transfer from another Skipton account as long as there aren't restrictions in doing so on that other Skipton account.  I didn't think there would be on the EA especially - but the app will only let me move funds between those two accounts.

Yes, at the end of the account opening process I transferred £1 from my easy access account to the new RS account... no problem at all.

BooJewels

Thanks @Section62 - that's what I expected/hoped would happen - but it only gave the options to fund it of debit card, cheque or electronic transfer.  I went back and tried the electronic transfer and it just gives the details you need to pay by transfer from another account.  None of the 'transfer from' options showed the RS as an option to transfer to.  I'll look again in the morning - maybe the account wasn't yet fully integrated into my account.

Kazza242

BooJewels said:

Has anyone been able to open one of the Skipton Regular Savers and fund it from another Skipton account?  I've opened the RS, as I have both an Easy Access Saver and a Base Rate Tracker - and the RS terms say you can transfer from another Skipton account as long as there aren't restrictions in doing so on that other Skipton account.  I didn't think there would be on the EA especially - but the app will only let me move funds between those two accounts.

I've tried doing it both ways - from the EA, to transfer out to another account (only BRT listed) and from the RS to fund it from another Skipton account.  If I have to fund it from a current account it will totally defeat the object for me, as the funds are in the EA account, as they're paid there monthly from a fix.

Yes, I transferred my payment to my Skipton easy access account and then did an internal transfer to the 7.50% regular saver. 

I did this via Skipton online banking (web browser) though, not via the mobile app.

I would recommend logging into Skipton online via your PC or laptop and doing the internal transfer from there.

BooJewels

Many thanks @Kazza242 - I'd just had exactly the same thought myself - wondered if it was perhaps a limitation of the app.  I'll try again from my computer in the morning, I'm too tired now.  Thanks for the help.

Bridlington1

schiff said:

Nick_C said:

@schiff so what is this monthly cashback that you think you can get by using a NatWest Debit Card to pay in to a savings account? 

It's called a Reward. The only experience I have is with a Halifax debit card and a Skipton savings account. Do £500 of debit card payments in a month and deposit £1500 per month to the Halifax Reward current account. You get £5 reward the following month.

I have the Natwest reward account as well as its carbon copy at RBS.

You can get double round ups on your Natwest debit card if you opt in, i.e. if you make a £1.01 debit card deposit into a savings account using your Natwest debit card they will round £1.98 into your digital regular saver (as long as you have sufficient funds in the account).

This is not cashback, it is merely moving your own money to another account to earn a bit of extra interest. Moreover this is not specific to the reward accounts, it also applies to their select account as well as all of their other current accounts if my memory serves me well.

JamesPeter

Darlington Building Society:

I couldn't see this posted already (?), but the Darlington BS Regular Monthly Saver has increased from 4.00% to 4.25%.

Teen RS and Young Saver RS now up to 3.95%.

https://www.darlington.co.uk/savings-accounts/regular-savings-accounts/

No increase on the no longer available Special Occasion Saver RS 

Edit - Young Saver RS and Teen Saver just put up to 3.95% - changed above!

wiseonesomeofthetime

BooJewels said:

Has anyone been able to open one of the Skipton Regular Savers and fund it from another Skipton account?  I've opened the RS, as I have both an Easy Access Saver and a Base Rate Tracker - and the RS terms say you can transfer from another Skipton account as long as there aren't restrictions in doing so on that other Skipton account.  I didn't think there would be on the EA especially - but the app will only let me move funds between those two accounts.

I've tried doing it both ways - from the EA, to transfer out to another account (only BRT listed) and from the RS to fund it from another Skipton account.  If I have to fund it from a current account it will totally defeat the object for me, as the funds are in the EA account, as they're paid there monthly from a fix.

I had the same problem.

Ended up sending the money from my Tracker to my current account to pay back in. All in the app though.

Subsequent posts seem to suggest that it can be done via browser, so I shall try sort that out today. Edit: Confirmed possible via desktop browser. Thanks


Couldn't transfer at time of application as my funds were in Tandem at 3.75% instead of my Tracker at 3.60% (I then moved £250 from Tandem to current account to Tracker, for internal transfer, but couldn't complete that in my app).

BooJewels

In respect of the Skipton new member regular saver at 7.5%, I can confirm that although I couldn't transfer funds into it from my EA account using the app, I have been able to from a web browser.  I could have done it either way; funding the RS from another account, or transferring it from the EA out to the RS.  Where in the app you had 3 options to fund the RS (debit card, cheque or FPO), on the web page there was a fourth to transfer from another Skipton account.  The web page itself was problematic today, everything was very slow and I had to refresh pages a few times for options to show, so maybe everyone is trying to do the same.

I've also been able to set it up as a monthly payment for 12 months on the 2nd of each month.

ETA:  I've just seen your edit @wiseonesomeofthetime - glad you've sorted it too.