The Old Regular Savers Discussion Thread 28/12/24-29/1/26

judgingjudy

Halifax Regular Saver

I note that the specifics of this account say that the funds should reach your account by the 25th of the month. Is there any reason for this?  If I open and fund it today, does anybody know whether it cause any issue?  I can't see why it should, but would welcome experience.

fonesaver

judgingjudy said:

Halifax Regular Saver

I note that the specifics of this account say that the funds should reach your account by the 25th of the month. Is there any reason for this?  If I open and fund it today, does anybody know whether it cause any issue?  I can't see why it should, but would welcome experience.

I've opened and funded on the 30th before and then again on the 1st with no problems 

ColdIron

It's just to protect your standing orders from failing due to weekends and bank holidays

You will be fine, remember to set your standing orders to the 1st of the month to maximise your interest and be able to make 13 payments

surreysaver

judgingjudy said:

Halifax Regular Saver

I note that the specifics of this account say that the funds should reach your account by the 25th of the month. Is there any reason for this?  If I open and fund it today, does anybody know whether it cause any issue?  I can't see why it should, but would welcome experience.

Its just to guard against non-working days or delays in the shortest month of the year. As long as you transfer the money by end of the the last working day of the month you should be fine.

flaneurs_lobster

surreysaver said:

judgingjudy said:

Halifax Regular Saver

I note that the specifics of this account say that the funds should reach your account by the 25th of the month. Is there any reason for this?  If I open and fund it today, does anybody know whether it cause any issue?  I can't see why it should, but would welcome experience.

Its just to guard against non-working days or delays in the shortest month of the year. As long as you transfer the money by end of the the last working day of the month you should be fine.

Or just do as I do and fund manually on the first of the month.

judgingjudy

Thanks all. I did wonder if it was to do with funds reaching it in time.

dekkard

judgingjudy said:

Halifax Regular Saver

I note that the specifics of this account say that the funds should reach your account by the 25th of the month. Is there any reason for this?  If I open and fund it today, does anybody know whether it cause any issue?  I can't see why it should, but would welcome experience.

Was about to ask the same question about the BOS Monthly Saver.

ColdIron

All LBG RSs say the same thing for the same reason

Bob2000

Good afternoon.
Just some thoughts and advice from you, MSE experts.
 
I opened a suffolk building society  regular saver this week, the 5% fixed still to fund but got 14 days l think.

Anyway, while this was opened, the Monthshire regular  saver  became  available, so l applied  for that too. I already  have an EA account with MBS (£1.33).

Haven't got funds to fully fund both but was thinking of putting  £500 into the MBS regular saver for the first two months, then either leave it at that or fund bare minimum.

The suffolk RS will be a replacement  for the virgin 10% one when that matures on 31st. I already have 3 regular  saver  paying better, but all funded for the next few months.

Aidanmc

Bob2000 said:

Good afternoon.
Just some thoughts and advice from you, MSE experts.
 
I opened a suffolk building society  regular saver this week, the 5% fixed still to fund but got 14 days l think.

Anyway, while this was opened, the Monthshire regular  saver  became  available, so l applied  for that too. I already  have an EA account with MBS (£1.33).

Haven't got funds to fully fund both but was thinking of putting  £500 into the MBS regular saver for the first two months, then either leave it at that or fund bare minimum.

The suffolk RS will be a replacement  for the virgin 10% one when that matures on 31st. I already have 3 regular  saver  paying better, but all funded for the next few months.

Have you got all the higher paying regular savers listed on page 1 of this thread?

Theres a good few higher than the 5% Suffolk 

I normally start with the higher interest regular savers first working my way down