The Top Regular Savers Discussion Thread

surreysaver

Moving funds - tend to move mine out of Cahoot or Santander after 20.30.at night, so the withdrawal is dated the following day 

s71hj

surreysaver said:

Moving funds - tend to move mine out of Cahoot or Santander after 20.30.at night, so the withdrawal is dated the following day 

Yep, same here, just did it in fact. Arrives instantly without fail so far. 

Dizzycap

where_are_we said:

Moving funds - another vote for the same day ever since easy access interest rates increased significantly. Santander allow you until 2pm to fulfil SO`s. I do it in the morning. 

That means you are running your SO's on 2nd attempts. SO's go out at around 1am on the date that they're due. It's ok if your bank makes all the 2nd SO attempts, but sometimes banking systems move on some SO's to payment for the next month because the initial payment should have already been made. Personally, I've found Lloyds is a terror for 2nd attempt 2pm SO errors, resulting in you having to make manual payments which is a pain when you've got a number of RSs, in addition to, Lloyds having stopped you being able to label your SO's, leaving just your name & a load of account numbers  Aparently, it's progress 

ChewyyBacca

I need to withdraw from/close Yorkshire Loyalty Regular eSaver at 4.85%, to release some funds for Jan

Before I do that, just wanted to check here, if YBS offers any favourable maturity accounts that I should wait for, as maturity of this RS is early Feb.
Thanks

Bridlington1

Just a reminder the Aldermore Regular Saver Account (Issue 3) reduces from 4.5% to 4.2% today.

happybagger

ChewyyBacca said:

I need to withdraw from/close Yorkshire Loyalty Regular eSaver at 4.85%, to release some funds for Jan

Before I do that, just wanted to check here, if YBS offers any favourable maturity accounts that I should wait for, as maturity of this RS is early Feb.
Thanks

they move it into an unrestricted easy access account paying 3.95% currently, so fairly reasonable as a stopgap and useful to leave a membership minimum.
withdrawal from it took until the end of the following day.

Bridlington1

ChewyyBacca said:

I need to withdraw from/close Yorkshire Loyalty Regular eSaver at 4.85%, to release some funds for Jan

Before I do that, just wanted to check here, if YBS offers any favourable maturity accounts that I should wait for, as maturity of this RS is early Feb.
Thanks

The only thing to bear in mind with YBS is that their systems seem to struggle to calculate how long you've been a member when your membership consists of overlapping accounts as it seems to go off the length of time your oldest open account has been open. It's for this reason I've kept hold of an EA account from 2022 with £1 in it.

If it isn't your oldest open YBS account I'd just close it, the account just rolls into an EA account at a lower rate.

ChewyyBacca

happybagger said:

ChewyyBacca said:

I need to withdraw from/close Yorkshire Loyalty Regular eSaver at 4.85%, to release some funds for Jan

Before I do that, just wanted to check here, if YBS offers any favourable maturity accounts that I should wait for, as maturity of this RS is early Feb.
Thanks

they move it into an unrestricted easy access account paying 3.95% currently, so fairly reasonable as a stopgap and useful to leave a membership minimum.
withdrawal from it took until the end of the following day.

Bridlington1 said:

ChewyyBacca said:

I need to withdraw from/close Yorkshire Loyalty Regular eSaver at 4.85%, to release some funds for Jan

Before I do that, just wanted to check here, if YBS offers any favourable maturity accounts that I should wait for, as maturity of this RS is early Feb.
Thanks

The only thing to bear in mind with YBS is that their systems seem to struggle to calculate how long you've been a member when your membership consists of overlapping accounts as it seems to go off the length of time your oldest open account has been open. It's for this reason I've kept hold of an EA account from 2022 with £1 in it.

If it isn't your oldest open YBS account I'd just close it, the account just rolls into an EA account at a lower rate.

happybagger Thank you. I had forgotten about the withdrawal+1 day rigamarole. My RS funding will be delayed by a day

Bridlington1 Thank you. I need to look at account opening date, though my excel sheet isnt complete in this regard. Anywhere mentioned on webapp the AOD?

dibbles212

Moving funds

Thanks all. Looks like there's no clear consensus so I'll stick with what I'm doing for now.

happybagger

dibbles212 said:

Moving funds

Thanks all. Looks like there's no clear consensus so I'll stick with what I'm doing for now.

Just to add, the lost one day per month interest between the IA feeder account and current account works out at about £8 p/a. Whereas running my cash to RS accounts results in £1400 a year higher interest than in instant access.
For an easy life it's a no brainer for me.