RBS Digital Regular Saver

surreysaver

crumpet_man said:

I opened one with NatWest and RBS.

Me too

PRAISETHESUN

lightbulb2760 said:

PRAISETHESUN said:

I've also opened one with both NatWest and RBS as I hold Reward current accounts with both banks. Applied late last night and the accounts are visible online this morning. I manually transferred £50 into each of them today (the default SO was for early next week) and amended the SOs to 01Oct, paying in monthly. Will see what happens, but can't see how that will fall foul of only paying in £50/month.

As have I. I set the SO as 1st October, and made manual payments of £50 into both accounts too. Unfortunately both payments have been returned.

Interesting - hasn't happened to me yet. Were your manual payments from the same accounts your SOs were set to pay from?

kaMelo said:

This is not a time limited regular saver with a maturity date, as such the benefit of changing SO dates to the first of the month are limited at best.
It means you hit £1000 about three weeks earlier and will gain around 15 pence in the process. I know they say every little helps but this is a step too far.

Similar to others, mine isn't a penny-pinching exercise but more of a budgeting one. I get paid on the last working day of the month so having most of my DDs and SOs go out on the 1st of the month makes it easier to see what's leftover to spend/save.

surreysaver

I'm wondering if the 'month' for this account is an account month, rather than calendar month, just that the T&Cs don't state that 

cooldude255220

surreysaver said:

I'm wondering if the 'month' for this account is an account month, rather than calendar month, just that the T&Cs don't state that 

FAQs:

What do you mean by a month?
A maximum of £50 can be paid into the account in a calendar month, i.e 1st – 31st.

lightbulb2760

PRAISETHESUN said:

lightbulb2760 said:

PRAISETHESUN said:

I've also opened one with both NatWest and RBS as I hold Reward current accounts with both banks. Applied late last night and the accounts are visible online this morning. I manually transferred £50 into each of them today (the default SO was for early next week) and amended the SOs to 01Oct, paying in monthly. Will see what happens, but can't see how that will fall foul of only paying in £50/month.

As have I. I set the SO as 1st October, and made manual payments of £50 into both accounts too. Unfortunately both payments have been returned.

Interesting - hasn't happened to me yet. Were your manual payments from the same accounts your SOs were set to pay from?

kaMelo said:

This is not a time limited regular saver with a maturity date, as such the benefit of changing SO dates to the first of the month are limited at best.
It means you hit £1000 about three weeks earlier and will gain around 15 pence in the process. I know they say every little helps but this is a step too far.

Similar to others, mine isn't a penny-pinching exercise but more of a budgeting one. I get paid on the last working day of the month so having most of my DDs and SOs go out on the 1st of the month makes it easier to see what's leftover to spend/save.

Re: Praise the Sun's post: No, the manual payments were sent from an external current account. I rang NatWest today, and was told the payments were returned because the accounts are not yet fully open.

Herbalus

lightbulb2760 said:

PRAISETHESUN said:

lightbulb2760 said:

PRAISETHESUN said:

I've also opened one with both NatWest and RBS as I hold Reward current accounts with both banks. Applied late last night and the accounts are visible online this morning. I manually transferred £50 into each of them today (the default SO was for early next week) and amended the SOs to 01Oct, paying in monthly. Will see what happens, but can't see how that will fall foul of only paying in £50/month.

As have I. I set the SO as 1st October, and made manual payments of £50 into both accounts too. Unfortunately both payments have been returned.

Interesting - hasn't happened to me yet. Were your manual payments from the same accounts your SOs were set to pay from?

kaMelo said:

This is not a time limited regular saver with a maturity date, as such the benefit of changing SO dates to the first of the month are limited at best.
It means you hit £1000 about three weeks earlier and will gain around 15 pence in the process. I know they say every little helps but this is a step too far.

Similar to others, mine isn't a penny-pinching exercise but more of a budgeting one. I get paid on the last working day of the month so having most of my DDs and SOs go out on the 1st of the month makes it easier to see what's leftover to spend/save.

Re: Praise the Sun's post: No, the manual payments were sent from an external current account. I rang NatWest today, and was told the payments were returned because the accounts are not yet fully open.

Bizarre. How can you have a half-open account? Anyway...!

veryintrigued

Herbalus said:

lightbulb2760 said:

PRAISETHESUN said:

lightbulb2760 said:

PRAISETHESUN said:

I've also opened one with both NatWest and RBS as I hold Reward current accounts with both banks. Applied late last night and the accounts are visible online this morning. I manually transferred £50 into each of them today (the default SO was for early next week) and amended the SOs to 01Oct, paying in monthly. Will see what happens, but can't see how that will fall foul of only paying in £50/month.

As have I. I set the SO as 1st October, and made manual payments of £50 into both accounts too. Unfortunately both payments have been returned.

Interesting - hasn't happened to me yet. Were your manual payments from the same accounts your SOs were set to pay from?

kaMelo said:

This is not a time limited regular saver with a maturity date, as such the benefit of changing SO dates to the first of the month are limited at best.
It means you hit £1000 about three weeks earlier and will gain around 15 pence in the process. I know they say every little helps but this is a step too far.

Similar to others, mine isn't a penny-pinching exercise but more of a budgeting one. I get paid on the last working day of the month so having most of my DDs and SOs go out on the 1st of the month makes it easier to see what's leftover to spend/save.

Re: Praise the Sun's post: No, the manual payments were sent from an external current account. I rang NatWest today, and was told the payments were returned because the accounts are not yet fully open.

Bizarre. How can you have a half-open account? Anyway...!

Monmouthshire logic!

RG2015

Herbalus said:

lightbulb2760 said:

PRAISETHESUN said:

lightbulb2760 said:

PRAISETHESUN said:

I've also opened one with both NatWest and RBS as I hold Reward current accounts with both banks. Applied late last night and the accounts are visible online this morning. I manually transferred £50 into each of them today (the default SO was for early next week) and amended the SOs to 01Oct, paying in monthly. Will see what happens, but can't see how that will fall foul of only paying in £50/month.

As have I. I set the SO as 1st October, and made manual payments of £50 into both accounts too. Unfortunately both payments have been returned.

Interesting - hasn't happened to me yet. Were your manual payments from the same accounts your SOs were set to pay from?

kaMelo said:

This is not a time limited regular saver with a maturity date, as such the benefit of changing SO dates to the first of the month are limited at best.
It means you hit £1000 about three weeks earlier and will gain around 15 pence in the process. I know they say every little helps but this is a step too far.

Similar to others, mine isn't a penny-pinching exercise but more of a budgeting one. I get paid on the last working day of the month so having most of my DDs and SOs go out on the 1st of the month makes it easier to see what's leftover to spend/save.

Re: Praise the Sun's post: No, the manual payments were sent from an external current account. I rang NatWest today, and was told the payments were returned because the accounts are not yet fully open.

Bizarre. How can you have a half-open account? Anyway...!

I got a secure message at 6:00 pm on Tuesday saying the account would be ready to use on Wednesday. I guess @lightbulb2760 just jumped the gun.

Dandytf

Op
Could be tempted to switch from help2save to rbs saver as I made a small withdrawal recently.
Consider next week or two, maybe go 25 rbs 25 investment Fund.
I'm rbs account holder anyway.
Thanks

Klopek

I see some people stating that their RBS created SO was visible as soon as the regular saver appeared in their account. My account was opened on the 23rd and visible the day afterwards. I still cannot see any sign of a SO being setup.

This is actually my preference, as I have already paid into the account using an external bank account and will continue to do so. I am just slightly worried that the RBS SO will suddenly appear and attempt to transfer money when it might not be available.