The Top Regular Savers Discussion Thread

10_66

kar999 said:

Apologies if this has been answered previously but with the TSB monthly saver I believe the T&C's state that the regular monthly payment should be by standing order.

Does this have to be from a TSB current a/c?
Or...
Can it be a s/o from another bank?
or...
Can it be by a bank transfer from another bank?

Many thanks in anticipation.

I pay into mine by s.o. for another bank.

simonsmithsays

Bridlington1 said:

Descrabled said:

Saffron Small Saver

Last week I said that this regular saver was worth having at 4.75% because of the customer service; I thought the reduction would be 0.25%. I'm not sure that it's now worth retaining because the larger reduction indicates a problem at Saffron.

I'll decide when/if they offer a further fixed rate when their fixed rate regular saver matures in June.

Thanks anyway Brid.

I emptied my small saver a while back to free up funds for other regular savers. I'm holding onto it for now though as it's due to mature on 30/4/25 and I'd like to push the interest into the next tax year but I can't see myself funding it fully funding it again before then so £1 is all that remains in it. It's my oldest Saffron account so I'll most likely ``refresh" it around late April again into another Small Saver speculatively and keep it for membership purposes.

At 4.7% though it risks being removed from page 1 of this thread under the current thresholds. That being said I'm currently leaning towards reducing the thresholds for inclusion shortly anyway due to the top easy access account interest rates slipping in recent weeks so it may end up being retained on page 1.

I'll bet you have their 8% fixed with an early June maturity which would be sufficient for these purposes?

👍

Bigwheels1111

10_66 said:

kar999 said:

Apologies if this has been answered previously but with the TSB monthly saver I believe the T&C's state that the regular monthly payment should be by standing order.

Does this have to be from a TSB current a/c?
Or...
Can it be a s/o from another bank?
or...
Can it be by a bank transfer from another bank?

Many thanks in anticipation.

I pay into mine by s.o. for another bank.

I pay 17 reg savers including TSB by standing orders, all from one bank First Direct.
Never had any issues.

allegro120

kar999 said:

Apologies if this has been answered previously but with the TSB monthly saver I believe the T&C's state that the regular monthly payment should be by standing order.

Does this have to be from a TSB current a/c?
Or...
Can it be a s/o from another bank?
or...
Can it be by a bank transfer from another bank?

Many thanks in anticipation.

I'm funding TSB monthly saver by a bank transfer from another bank.

WillPS

So far as I know only First Direct, Santander and Zopa* make it impossible to pay in directly using BACS details. My understanding is that if the money is sat in your account then it is earning interest, so even if the terms indicate they want things in a certain way, unless they have prevented or rejected bank transfers it will gain interest at the advertised rate.

*Zopa do provide an open banking-based method of achieving the same thing as a standing order

happybagger

Suffolk BS
Rate changes to be implemented on 11 March 2025 BUT no changes to regular saver accounts:

One Year Variable Rate Regular Saver, or
Holiday Save/Smart Save (NLA)

Rate documents from here.

Dizzycap

Principality eMail:

Reduction of Principality Variable RS Rates:

Principality 1 Year Triple Access Regular Saver (Online)

Current variable interest rate 5.60% Gross* each year/AER†

New variable interest rate 5.40% Gross* each year/AER†

Principality Online Bonus Triple Access Issue 4

Current variable interest rate 4.70% Gross* each year/AER† with bonus // 3.20% Gross* each year/AER† without bonus

New variable interest rate 4.50% Gross* each year/AER† with bonus // 3.00% Gross* each year/AER† without bonus

kar999

kar999 said:

Apologies if this has been answered previously but with the TSB monthly saver I believe the T&C's state that the regular monthly payment should be by standing order.

Does this have to be from a TSB current a/c?
Or...
Can it be a s/o from another bank?
or...
Can it be by a bank transfer from another bank?

Many thanks in anticipation.

Many thanks for all the replies. Most appreciated .

I will be funding mine from another bank but by S. Order rather than bank transfer 

flaneurs_lobster

Dizzycap said:

Principality eMail:

Reduction of Principality Variable RS Rates:

Thanks.

When?

Bridlington1

simonsmithsays said:

Bridlington1 said:

Descrabled said:

Saffron Small Saver

Last week I said that this regular saver was worth having at 4.75% because of the customer service; I thought the reduction would be 0.25%. I'm not sure that it's now worth retaining because the larger reduction indicates a problem at Saffron.

I'll decide when/if they offer a further fixed rate when their fixed rate regular saver matures in June.

Thanks anyway Brid.

I emptied my small saver a while back to free up funds for other regular savers. I'm holding onto it for now though as it's due to mature on 30/4/25 and I'd like to push the interest into the next tax year but I can't see myself funding it fully funding it again before then so £1 is all that remains in it. It's my oldest Saffron account so I'll most likely ``refresh" it around late April again into another Small Saver speculatively and keep it for membership purposes.

At 4.7% though it risks being removed from page 1 of this thread under the current thresholds. That being said I'm currently leaning towards reducing the thresholds for inclusion shortly anyway due to the top easy access account interest rates slipping in recent weeks so it may end up being retained on page 1.

I'll bet you have their 8% fixed with an early June maturity which would be sufficient for these purposes?

👍

You bet wisely @simonsmithsays. I've got the 8% Member's Month RS and previously had the 9% one from the year before.

I could use the 8% RS for membership purposes but out of personal preference/habit I generally (though not always) keep hold of my oldest account with each building society for membership purposes.

This has served me well in some cases such as YBS which have been known to have difficulty identifying continuous membership with overlapping accounts online so I've an account that has sat with £1 for nearly 3 years.

Regardless though for the most part the Small Saver has been reasonably competitive so has received funding earlier in the tax year before being emptied so it was going to be kept till after April for tax purposes anyway so may as well get refreshed in April again.