The Top Regular Savers Discussion Thread

jaypers

Thought we would see the Virgin Money RS quarterly interest payment today. Alas it seems not.

mattojgb

ForumUser7 said:

Bridlington1 said:

It's worth noting that Skipton have a habit of launching a loyalty regular saver and stating that the eligibility cut off date is the day before it was launched so I would try to get a foot in the door ASAP with Skipton if you haven't already done so.

Re Skipton, anyone think it is worth refreshing at this point please? Mine matures in April or something, and while the funds would be going below 7%, I could secure the rate for another year? Thanks

Re Skipton - I was wondering about refreshing/renewing this too. Mine matures 14th Jan. Seems possible that they may launch a new version around 11 Jan with a lower interest rate.

Dizzycap

OneUser1 said:

The famous Gatehouse Regular Saver turned Easy Access drops from 5% to 4.75% at the end of January. 

You beat me to it! Still, not too bad in terms of Easy Access rates without restrictions.

wiseonesomeofthetime

jaypers said:

Thought we would see the Virgin Money RS quarterly interest payment today. Alas it seems not.

My Virgin Money interest deposits have always appeared on the next working day, albeit dated last working day of the month, so will probably appear Thursday, dated today.

surreysaver

jaypers said:

Thought we would see the Virgin Money RS quarterly interest payment today. Alas it seems not.

It'll be paid at the end of the day (they don't know you're not going to take any money out today), and with tomorrow being a Bank Holiday, will probably appear on Thursday 

jaypers

surreysaver said:

jaypers said:

Thought we would see the Virgin Money RS quarterly interest payment today. Alas it seems not.

It'll be paid at the end of the day (they don't know you're not going to take any money out today), and with tomorrow being a Bank Holiday, will probably appear on Thursday 

Just wanted to update my spreadsheet 😆

wiseonesomeofthetime

surreysaver said:

jaypers said:

Thought we would see the Virgin Money RS quarterly interest payment today. Alas it seems not.

It'll be paid at the end of the day (they don't know you're not going to take any money out today), and with tomorrow being a Bank Holiday, will probably appear on Thursday 

Isn't that what I just said?  😂

Aidanmc

do we concur the following will credit payments tomorrow,

Coventry, Halifax, Melton. WestBrom, Newcastle, Nationwide,

Principality, YBS, TSB, Lloyds, BOS, Aldermore

Possibly others

LZC

Bridlington1 said:

Bridlington1 said:

PowerSavingMode said:

At the risk of showing just how thrilling I'm expecting my New Year's Day to be, is it pointless sending faster payments over to any regular saver on New Year's Day?

Thanks for reminding me. 

The answer to your question depends on the bank/building society in question, some treat payments received on non-working days as having been received the next working day for interest purposes, others do not.

I shall go through the first post of the thread and add a remark to each listing to state how payments received into each account on non-working days are treated.

I'm at work tomorrow so this shall probably be finalised at some point late tomorrow evening (30/12/24) so you should know by New Year's Eve whether you should fund each account listed on the first page on New Year's Day or not.

Following on from the above the listings on the first page of this thread have now been updated to state how payments received into each account on non-working days are treated as promised.

Thank you. 

FWIW I believe Leek may be same day if before noon. 

The first in September fell on a Sunday and my statement shows it as the 1st. 

According to Ts&Cs cash and electronic payments paid into your account earn interest from the day we add it to your balance.

When it is added to your balance is less clear but “faster payments sent between 8am and 12noon are available from 2pm the same day” and presumably it must have been added to your balance in order to be available. 

https://www.leekbs.co.uk/content/images/page/files/General%20Savings%20Terms%20and%20Conditions.pdf

Similarly for West Brom my September payment was shown as received 1st September. All I can find for West Brom is that interest is calculated daily. 

Aidanmc

Thanks @Bridlington1 , just seen the updates to Regular saver Non-working day deposits.....brilliant