The Top Regular Savers Discussion Thread

clairec666

flaneurs_lobster said:

happybagger said:

janusd said:

happybagger said:

Furness online login now working following the updates, for anyone looking to check

already ahead of you, but this RS in not yet an online option.

As an option to open that way, yes I know that. But for anyone that has opened it already will show up. Earlier on people were saying they'd posted one off but wanted to see if it was open.

Am now fully caught up in the feeding frenzy that is the (possible) online release of the 160th Anniversary RS. 

Any mileage in getting ID and access out of the way by getting their £1 min EA beforehand?

No harm in getting the ID bit out the way first. It took me a few attempts to pass their checks (trying to take a photo of my passport, and a selfie, that their system accepted; it was probably bad lighting that was to blame).

clairec666

RunsFromRobots said:

Probably a daft question, but I've had regular saver accounts with Lloyds, Nationwide and Principality for a few months now.

When can I expect to start seeing some interest?

The majority of regular saver accounts (including, I think, all the ones you've mentioned) pay interest on maturity. Some pay monthly, some pay on a specific date each year. Check the T&Cs of each account. Or page 1 of this thread.

Bridlington1

RunsFromRobots said:

Probably a daft question, but I've had regular saver accounts with Lloyds, Nationwide and Principality for a few months now.

When can I expect to start seeing some interest?

All pay interest when the accounts mature, with the exception of the Principality First Home Steps RS and 1 Year Triple Access RS which also pay interest on 1st January.

Accounts also pay interest if they're closed early.

flaneurs_lobster

RunsFromRobots said:

Probably a daft question, but I've had regular saver accounts with Lloyds, Nationwide and Principality for a few months now.

When can I expect to start seeing some interest?

Look at the summary sheets for the accounts, they will all detail when the interest is paid.

The ones you mention all credit interest at maturity ie after a year. (is that true of all PrinBS RS's?).

Hattie627

RunsFromRobots said:

Probably a daft question, but I've had regular saver accounts with Lloyds, Nationwide and Principality for a few months now.

When can I expect to start seeing some interest?

Most Regular Savers credit interest on maturity, which is usually on the one year anniversary of opening the account (or sometimes the one year anniversary of the first deposit into the account)., If it's a 6 month account (like some of the Principality RS's) the account will mature on the 6 month date when interest will be credited.

There are exceptions to this. Check the product summary sheet which you should have downloaded or printed when you opened the account.

Kim_13

RunsFromRobots said:

Probably a daft question, but I've had regular saver accounts with Lloyds, Nationwide and Principality for a few months now.

When can I expect to start seeing some interest?

If you want to start seeing some interest straight away, then NatWest/RBS Digital Regular Saver would be the one to open as it pays interest monthly. The rate will soon be 5.25% variable, though it has the advantage that it doesn't have an end date and will pay that rate on £5,000. A Principality 6 Month will pay the interest after 6 months, but the majority are a year after you open them (unless the society has some other annual interest payment point e.g. HEBS on 31st August.)

Slinky

My Ulster bank (part of Nat West group) account pays interest monthly, but that's not a regular saver.

Stargunner

Slinky said:

My Ulster bank (part of Nat West group) account pays interest monthly, but that's not a regular saver.

Lots of savings accounts pay interest monthly, but the ones that are not regular savers are not relevant to this thread

s71hj

I think I'll post off a Furness application form to try my hand. I'm thinking the best approach will be to pay £160 by FP into my existing Everyday saver then fill the form in to transfer £160 from that to a newly opened account. Does anybody know sort code and account number for a Furness everyday saver. Cannot find it anywhere online or in my paper notes!!