Regular Savings Accounts: The Best Currently Available List!

friolento

I had my regular monthly SO from Santander to Coventry BS paid unexpectedly today, Sunday 17th. It was also credited at CBS today.

Whilst the date of the SO is correct, something v. strange is going on, as normally Santander do not process SOs at weekends. I don't know whether this was a freak one-off or whether they are now processing SOs on non-banking days.

PowerSavingMode

friolento said:

I had my regular monthly SO from Santander to Coventry BS paid unexpectedly today, Sunday 17th. It was also credited at CBS today.

Whilst the date of the SO is correct, something v. strange is going on, as normally Santander do not process SOs at weekends. I don't know whether this was a freak one-off or whether they are now processing SOs on non-banking days.

I've noticed this recently, too. Also, NatWest — who have always honoured Direct Debits regardless of whether or not I have funds to cover them (I usually credit the account to cover them when I get the alert (same day) that I set up) — have started to not cover the DDs and then charge me for a 'return unpaid' payment. 

Wheres_My_Cashback

Coventry RS5 rate increase confirmation

https://www.gbnews.com/money/coventry-building-society-savings-interest-rate

And now confirmed in Coventry online banking too

lightbulb2760

Santander S/Os paid today (a non-working day)

I have a number of weekly standing orders, and I see that tomorrow's SOs have all been paid today, presumably before the nominal cut-off time of 2015 (any transactions after this time are dated tomorrow: a small payment into my account today is so dated with tomorrow's date). I am now into my arranged overdraft because of this, with no opportunity to avoid the consequential overdraft interest which will be charged. I'm not happy...

t1redmonkey

Wheres_My_Cashback said:

Coventry RS5 rate increase confirmation

https://www.gbnews.com/money/coventry-building-society-savings-interest-rate

I saw that story on my phone, I was confused why the article was calling it a 'market leading' rate!

friolento

lightbulb2760 said:

Santander S/Os paid today (a non-working day)

I have a number of weekly standing orders, and I see that tomorrow's SOs have all been paid today, presumably before the nominal cut-off time of 2015 (any transactions after this time are dated tomorrow: a small payment into my account today is so dated with tomorrow's date). I am now into my arranged overdraft because of this, with no opportunity to avoid the consequential overdraft interest which will be charged. I'm not happy...

Apparently it happened in error and they are aware. You probably still have to contact them / complain about it.


Discussion  here: https://forums.moneysavingexpert.com/discussion/6473263/santander-sos-at-weekends

Kazza242

According to Moneyfacts, Melton Building Society are launching a new account, called Regular Saver 4, paying 5.50%

This may be of interest to savers who live or work near to one of their branches or existing Melton BS members.  

• Pay in up to £150 per month
• The maximum account balance is £4,500
• The account matures on 19/11/2025
• The account is available to open via branch only
• It looks as though they do allow some withdrawals (further details will be on the Melton website once the product details are uploaded).

Melton BS Regular Saver page is here.

orange-juice

DJDools said:

friolento said:

I had my regular monthly SO from Santander to Coventry BS paid unexpectedly today, Sunday 17th. It was also credited at CBS today.

Whilst the date of the SO is correct, something v. strange is going on, as normally Santander do not process SOs at weekends. I don't know whether this was a freak one-off or whether they are now processing SOs on non-banking days.

I've noticed this recently, too. Also, NatWest — who have always honoured Direct Debits regardless of whether or not I have funds to cover them (I usually credit the account to cover them when I get the alert (same day) that I set up) — have started to not cover the DDs and then charge me for a 'return unpaid' payment. 

Are you sure you definitely covered the amount by the correct time? Never had that problem with NW but did have it with Virgin Money and a standing order (which I don’t remember receiving a notification for but can’t go back and check!)

Bigwheels1111

This is why I like First Direct.

As long as you fund the account before 23.45pm the same day, no charges are given.

I woke up to find I was 8k overdrawn, ISA funding the the AA screwed up.

FD system looked at my accounts and found I had enough to cover the payment and made it.

Paid money from savings into current account and all was fine.

I funded 5 regular savers today, £700 overdrawn for 60 minutes.

Due to credits from other accounts going in after RS debits.

Bridlington1

Tipton & Cosley Fixed Rate Regular Saver to 31 October 2024 now 6.2% (branch/post/app).