Regular Savings Accounts: The Best Currently Available List!

Ken68

RolandFlagg said:

If I close a Virgin Regular Saver (passbook version) before the 12 months is up, will I still get the interest added up to the closing date, with no penalties?

Yes Roland, I inadvertently closed mine a fortnight early. Sent in the form and received a very nice call from Newcastle and immediate bank transfer. My local store is now open so hopefully can visit  for Issues 18 and 19.

schiff

Chorley RS (Issue 2)
Maturing today, sent in my withdrawal request on June 12th. Still showing at £3000 with no movement. Has anyone received their proceeds from this yet?

[Deleted User]

schiff said:

Chorley RS (Issue 2)
Maturing today, sent in my withdrawal request on June 12th. Still showing at £3000 with no movement. Has anyone received their proceeds from this yet?

No, mine still showing as £3000 with no interest added and no movement. As the first day of the account was 1st July, I assume that the account matures at close of business today with money sent tomorrow.

SuperHans1

I have a question that I hope someone can help me with please. I have a new M&S Monthly Saver which was opened today and M&S have set the standing order for the 30th of each month. If I change this to the 1st (tomorrow) would I earn additional interest? I seem to remember someone disputing this on the old board and that the maximum interest you could earn was fixed? Is this the same for the HSBC and First Direct Regular Savers? 

Nuggy96

SuperHans1 said:

I have a question that I hope someone can help me with please. I have a new M&S Monthly Saver which was opened today and M&S have set the standing order for the 30th of each month. If I change this to the 1st (tomorrow) would I earn additional interest? I seem to remember someone disputing this on the old board and that the maximum interest you could earn was fixed? Is this the same for the HSBC and First Direct Regular Savers? 

Hi Super, you cannot change the standing order date as the calendar month is from the date you open so if you open on i.e. 7th June, the calendar month is 7th June to 6th August and so forth. This limits your account to £3600 for a £300pm, or £3000 for £250, can't remember what M&S is off top of my head

LeoBlue2

Just a quick heads-up. This morning received an e-mail from SAGA, which informs me the interest rate on my easy access saver is being reduced to 0.55% from 0.8%. When I opened this account just a few months ago it was 1%, plus 0.2% bonus for 12 months.  Believe it is still shown at the higher rate on MSE. 

LeoBlue2

Thanks for removing it so quickly.  Will move my savings to NS&I if I manage to register on-line, which is virtually impossible at the moment as they are not answering phone calls or replying to on-line chats.

polymaff

Nuggy96 said:

SuperHans1 said:

I have a question that I hope someone can help me with please. I have a new M&S Monthly Saver which was opened today and M&S have set the standing order for the 30th of each month. If I change this to the 1st (tomorrow) would I earn additional interest? I seem to remember someone disputing this on the old board and that the maximum interest you could earn was fixed? Is this the same for the HSBC and First Direct Regular Savers? 

Hi Super, you cannot change the standing order date as the calendar month is from the date you open so if you open on i.e. 7th June, the calendar month is 7th June to 6th August and so forth. This limits your account to £3600 for a £300pm, or £3000 for £250, can't remember what M&S is off top of my head

Correction! You can bring the date forward, but all the baskets do is to put the money into their account until the original date - then credit to you.  The baskets ...

Nuggy96

polymaff said:

Nuggy96 said:

SuperHans1 said:

I have a question that I hope someone can help me with please. I have a new M&S Monthly Saver which was opened today and M&S have set the standing order for the 30th of each month. If I change this to the 1st (tomorrow) would I earn additional interest? I seem to remember someone disputing this on the old board and that the maximum interest you could earn was fixed? Is this the same for the HSBC and First Direct Regular Savers? 

Hi Super, you cannot change the standing order date as the calendar month is from the date you open so if you open on i.e. 7th June, the calendar month is 7th June to 6th August and so forth. This limits your account to £3600 for a £300pm, or £3000 for £250, can't remember what M&S is off top of my head

Correction! You can bring the date forward, but all the baskets do is to put the money into their account until the original date - then credit to you.  The baskets ...

yeah so my point stands, either way it doesn't go in your account haha. without going into the nitty gritty, it's just a straight no you can't might as well keep the money in your own account

colsten

LeoBlue2 said:

Just a quick heads-up. This morning received an e-mail from SAGA, which informs me the interest rate on my easy access saver is being reduced to 0.55% from 0.8%. When I opened this account just a few months ago it was 1%, plus 0.2% bonus for 12 months.  Believe it is still shown at the higher rate on MSE. 

LeoBlue2 said:

Thanks for removing it so quickly.  Will move my savings to NS&I if I manage to register on-line, which is virtually impossible at the moment as they are not answering phone calls or replying to on-line chats.

Neither the SAGA nor the NS&I accounts are Regular Savers, which are a special type of savings account. Please go to the first few posts in this thread for a list of Regular Savers.

There's a separate thread about the NS&I Income Bonds.