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

Born2Save_3

judgingjudy said:

Hanley Economic

As a new customer, I opened and funded the new account last week (account applied for on Tuesday 21st, FP sent Friday 24th when I got confirmation of my account details, credit date on my online account is 25th, which I got access to yesterday, Tuesday 28th). From what I'm reading on here, payments usually show on the next day and as this is funded by calendar month and the 1st is a Saturday, should I look to make a payment on Friday morning, hoping it will have a credit date of Saturday 1st, or would that be rejected?

Not sure if this has been covered somewhere or not so apologies if it's a duplicate.

I think you have to balance the interest you'd gain against that which you may lose. If your transfer isn't credited till the next or even later working day, how many days has your money been in transit and therefore not earning for you ?  If it could have been in your easy access/whatever account in that time you would have been earning on it.  With Hanley, I think the best case with a transfer is you'll lose a days interest.  I think doing a card deposit, maybe on the first working day in the month, is the best way. I'm sure there will be discussion on this in the first days of next month.

pecunianonolet

I have Princi reg savers maturing tomorrow and need to provide maturity instructions. Providing on the last possible day after business hours has worked fine for me and OH so far avoiding rejections. I hope it's fixed before midnight so I can still provide instructions...

Cweb

Scottish Building Society

Finally received my log-in details dated 14th October. Feel a bit less smug now about using the freepost address (appreciate their entirely not linked) as they’ve sent me the details in a non-franked envelope and not paid the postage, so Royal Mail have booked the receipt date as 25th October then charged me £5 to find out the contents of the mystery mail.

Hopefully it’s a one-off rather than a batch problem. 

surreysaver

Aidanmc said:

Ch1ll1Phlakes said:

Hanley BS

Opened my account 27/10 around 8pm and made first payment by card using application reference. Received email about welcome pack on 28th at 11am. Phoned today to confirm the account was open and funded, which it was. Also was given my User ID over the phone. Checked my online account (setting a new User ID) and found payment was recorded as 27/10. 

Very happy with this all. Just gonna wait on the letters in the post that I no longer need.

So maybe its better to do card payments into Hanley rather than bank transfers?

I suspect it might be. Use an account with an overdraft, then the £300 can sit in another account earning ~4-5% for the day.
In fact, I think I'll cancel the standing order. Shame Halifax stopped their rewards!

Aidanmc

Cweb said:

Scottish Building Society

Finally received my log-in details dated 14th October. Feel a bit less smug now about using the freepost address (appreciate their entirely not linked) as they’ve sent me the details in a non-franked envelope and not paid the postage, so Royal Mail have booked the receipt date as 25th October then charged me £5 to find out the contents of the mystery mail.

Hopefully it’s a one-off rather than a batch problem. 

Will you try to claim it back from Scottish BS?

pecunianonolet

Principality BS back up and fully operational now. 

masonic

Scottish BS

It seems they are through the backlog as my postal application, which I sent last Thursday (freepost), probably received Monday, has been processed and the cheque deducted from my linked account today. Good to know I've got a payment in for October, which was the hope when sending. 

Bridlington1

pecunianonolet said:

Principality BS back up and fully operational now. 

Also worth noting that for anyone wishing to open their 6 Month RS who was waiting till the end of the month to open it, now would be a good time to open it.

If you open the 6 Month RS tomorrow it'll mature on 30th April 2026, giving you the same maturity date as if you'd opened it today, resulting in here being no advantage delaying your application by a day.

Bridlington1

Just a reminder that for those who have it the NLA Coventry BS Loyalty Seasonal Saver allows penalty-free withdrawals from Saturday 1/11/25.

This may be of particular note if you're in the position of not having enough funds to feed November's regular savers and are looking for accounts to raid given that the account's rate now stands at 5.25%.

Slinky

Hanley

Just in case anybody was wondering, the Hanley Welcome Pack comes by email.