The Top Regular Savers Discussion Thread

HHUK

surreysaver said:

My new Co-Op Regular Saver now showing in online banking. Must have appeared overnight 

Yes I saw It was available in my App and funded it by internal transfer at around 06:30 today. Still haven't received a notification about it by email or text from the bank.

Stargunner

Digital_Payback said:

Stargunner said:

My Co-op RS has just matured and morphed into a smart saver, but it is just showing a balance of £3000, no interest has been added. Is this normal, and does it get added at a later point.

Same here. Mine matured early morning, no interest added yet. 

I just called the Co-Op to query it and after a 20 min wait to get through I was advised that the interest will be applied on the next working day, which will be Monday. 

Just so glad that I don’t use the Co-Op for my my day to day banking.

allegro120

HHUK said:

surreysaver said:

My new Co-Op Regular Saver now showing in online banking. Must have appeared overnight 

Yes I saw It was available in my App and funded it by internal transfer at around 06:30 today. Still haven't received a notification about it by email or text from the bank.

AFAIK weekend deposits to Co-op don't start earning interest until the next working day.  

Speculator

Stargunner said:

My Co-op RS has just matured and morphed into a smart saver, but it is just showing a balance of £3000, no interest has been added. Is this normal, and does it get added at a later point.

Wife's co-op rs  matured today and exactly the same. 

Mine matured on 27th and interest was added on maturity.

Middle_of_the_Road

I paid into Coventry Sunny Day Saver at around 12:30 am today, and the payment has just been returned. 
Not sure what the issue could be. Anyone had the same?

roked

Middle_of_the_Road said:

I paid into Coventry Sunny Day Saver at around 12:30 am today, and the payment has just been returned. 
Not sure what the issue could be. Anyone had the same?

Some banks / BS do not finish their nightly processing until after 1am, maybe it took it as being still last month. I can confirm I sent mine 30 mins ago and its in the account. 

Middle_of_the_Road

roked said:

Middle_of_the_Road said:

I paid into Coventry Sunny Day Saver at around 12:30 am today, and the payment has just been returned. 
Not sure what the issue could be. Anyone had the same?

Some banks / BS do not finish their nightly processing until after 1am, maybe it took it as being still last month. I can confirm I sent mine 30 mins ago and its in the account. 

Thanks, will send it again.

HHUK

allegro120 said:
AFAIK weekend deposits to Co-op don't start earning interest until the next working day.  

The £250 was earning < 2% pa interest. I'm happy to take the hit of < 3p.

schiff

Bridlington1 said:

jaypers said:

Happy Regular Saver Transfer Day everyone 

Or part 1 in my case given that today is a non-working day so I'll only be paying into about 2 dozen today, most of the rest'll get paid into on Monday due to the way they treat payments received on non-working days for interest purposes.

I've been paying my monthly deposits to the two Lloyds RSs and the Halifax and Bank of Scotland RSs on the first of the month, weekend or not. Never thought of checking as the deposits were accepted automatically on the weekend days. All credited I now see on the FWDOTM. Have I been wasting my time?  

Bridlington1

schiff said:

Bridlington1 said:

jaypers said:

Happy Regular Saver Transfer Day everyone 

Or part 1 in my case given that today is a non-working day so I'll only be paying into about 2 dozen today, most of the rest'll get paid into on Monday due to the way they treat payments received on non-working days for interest purposes.

I've been paying my monthly deposits to the two Lloyds RSs and the Halifax and Bank of Scotland RSs on the first of the month, weekend or not. Never thought of checking as the deposits were accepted automatically on the weekend days. All credited I now see on the FWDOTM. Have I been wasting my time?  

LBG calculate deposits received on non-working days as having been received the same day for interest purposes so you'll be fine in that case. 

For future reference though I do state on each of the listings how the regular savers treat payments received on non-working days for interest purposes.