The Top Regular Savers Discussion Thread

surreysaver

gt94sss2 said:

friolento said:

No problem with my SO for the Nationwide RS. Mine comes from Santander, which bank(s) are the failed SOs from?

My unsuccessful SO was from Santander..

I think Santander Standing Orders go through quite early  - I always get high or low balance notifications around 21.00 for the next day when Santander are involved. 

allegro120

friolento said:

friolento said:

Middle_of_the_Road said:

Bridlington1 said:

Middle_of_the_Road said:

Bridlington1 said:

Just a reminder Hanley Economic BS Online Regular Saver (NLA) reduces from 5% to 4.7% from 1/5/25 (tomorrow).

Thanks for the reminder.
I'm contemplating favouring my Cov.FHS2  this month @ 4.8%.
Are there any terms for Hanley on minimum deposit, or missing monthly deposits?

From the Ts&Cs:

The account must be opened with £1,000.

The minimum balance is £1,000, the maximum balance is £100,000.

A subscription of between £250 and £1,000 should be received each calendar month and you can vary the amount you wish to save. You can make more than one subscription per month providing the maximum subscription is not exceeded. You can make subscriptions by Standing Order, Bank Transfer or Debit Card. Please note Debit Card deposits can be only be made via the Online Portal/Mobile App.

If no subscriptions are made for 3 consecutive months or if 3 or more monthly subscriptions are missed throughout the anniversary year the Society, after giving you 60 days notice of our intention to do so, reserves the right to close the account and either return the balance or transfer it to an Instant Access Account.

You can make 5 withdrawals per tax year (6 April to 5 April) without penalty. All other withdrawals are subject to 30 days loss of interest on the amount withdrawn. Withdrawals will be made to the nominated bank account provided at the time of opening the account. £1,000 must remain in the account following a withdrawal.

https://web.archive.org/web/20231209161548/https://thehanley.co.uk/savings-accounts/

Thanks, will reduce the deposit to £250 going forward.

I have withdrawn my balance bar £1 and will chance no deposits for the next few months to see how they react 

HEBS appear to be very sharp. I already had an email reminding me that the min balance is £1,000 and that they would close my account in 60 days if my withdrawal was intentional. I duly made a £1,000 deposit as I don't want to give up that account - yet.

Thanks for trying and sharing.  I withdrew the minimum allowed £10k today (arrived within 4 hours), but wasn't sure how to deal with the rest.  Now I know I will be closing this account tomorrow or Monday.  The money will camp in 4.8% Chase until 8th May and then move to 4.75% Cahoots. Cahoot usually gives 60 day notice, so no point for me keeping £1k+interest in HEBS.  I hope closure is as quick as withdrawal, not the next working day.

Has anyone had any experience in closing Hanley's online/app accounts?

Bridlington1

allegro120 said:

friolento said:

friolento said:

Middle_of_the_Road said:

Bridlington1 said:

Middle_of_the_Road said:

Bridlington1 said:

Just a reminder Hanley Economic BS Online Regular Saver (NLA) reduces from 5% to 4.7% from 1/5/25 (tomorrow).

Thanks for the reminder.
I'm contemplating favouring my Cov.FHS2  this month @ 4.8%.
Are there any terms for Hanley on minimum deposit, or missing monthly deposits?

From the Ts&Cs:

The account must be opened with £1,000.

The minimum balance is £1,000, the maximum balance is £100,000.

A subscription of between £250 and £1,000 should be received each calendar month and you can vary the amount you wish to save. You can make more than one subscription per month providing the maximum subscription is not exceeded. You can make subscriptions by Standing Order, Bank Transfer or Debit Card. Please note Debit Card deposits can be only be made via the Online Portal/Mobile App.

If no subscriptions are made for 3 consecutive months or if 3 or more monthly subscriptions are missed throughout the anniversary year the Society, after giving you 60 days notice of our intention to do so, reserves the right to close the account and either return the balance or transfer it to an Instant Access Account.

You can make 5 withdrawals per tax year (6 April to 5 April) without penalty. All other withdrawals are subject to 30 days loss of interest on the amount withdrawn. Withdrawals will be made to the nominated bank account provided at the time of opening the account. £1,000 must remain in the account following a withdrawal.

https://web.archive.org/web/20231209161548/https://thehanley.co.uk/savings-accounts/

Thanks, will reduce the deposit to £250 going forward.

I have withdrawn my balance bar £1 and will chance no deposits for the next few months to see how they react 

HEBS appear to be very sharp. I already had an email reminding me that the min balance is £1,000 and that they would close my account in 60 days if my withdrawal was intentional. I duly made a £1,000 deposit as I don't want to give up that account - yet.

Thanks for trying and sharing.  I withdrew the minimum allowed £10k today (arrived within 4 hours), but wasn't sure how to deal with the rest.  Now I know I will be closing this account tomorrow or Monday.  The money will camp in 4.8% Chase until 8th May and then move to 4.75% Cahoots. Cahoot usually gives 60 day notice, so no point for me keeping £1k+interest in HEBS.  I hope closure is as quick as withdrawal, not the next working day.

Has anyone had any experience in closing Hanley's online/app accounts?

I closed mine at the end of the 2023-4 tax year. I sent them a secure message asking them to close the account on a specific date and they closed the account. IIRC funds arrived late on the day the account was closed.

I suspect you'd be pushing it a bit if you wanted the funds by the end of Friday as they've a fairly early cut off time so could end up with funds ``in transit" over the bank holiday weekend so I'd be tempted to send them a message asking them to close the account on Tuesday.

allegro120

apt said:

Looks like new owner Nationwide is not upholding the tradition of Virgin Regular Savers which allowed you to have one of each issue. People used to go down to the branch about every 6 weeks to open another 3% regular saver. The new account won't be of any interest for those with the 10% RS unless it is still available in August.

In my memory it was every 2 months, but I could be wrong
This tradition has been broken at the point of merger with Yorkshire and Clydesdale.  10.38% was the first RS since.
Hopefully issue 2 or issue 3 at competitive rate will be available on 1st August.  I don't think we'll feel the impact of merger for some time.

allegro120

pecunianonolet said:

gt94sss2 said:

Nationwide Flex Regular Saver Issue 3

Has anyone had any problems funding this today?

It looks like my scheduled standing order payment was returned to the funding account for some reason..

Manuel transfer to current account and internal transfer. No issues at all.

Same here.  This method never failed.

friolento

surreysaver said:

gt94sss2 said:

friolento said:

No problem with my SO for the Nationwide RS. Mine comes from Santander, which bank(s) are the failed SOs from?

My unsuccessful SO was from Santander..

I think Santander Standing Orders go through quite early  - I always get high or low balance notifications around 21.00 for the next day when Santander are involved. 

Mine went ok from Santander

surreysaver

friolento said:

surreysaver said:

gt94sss2 said:

friolento said:

No problem with my SO for the Nationwide RS. Mine comes from Santander, which bank(s) are the failed SOs from?

My unsuccessful SO was from Santander..

I think Santander Standing Orders go through quite early  - I always get high or low balance notifications around 21.00 for the next day when Santander are involved. 

Mine went ok from Santander

They'll go okay. But it depends whether the receiving organisation receives them okay.

friolento

surreysaver said:

friolento said:

surreysaver said:

gt94sss2 said:

friolento said:

No problem with my SO for the Nationwide RS. Mine comes from Santander, which bank(s) are the failed SOs from?

My unsuccessful SO was from Santander..

I think Santander Standing Orders go through quite early  - I always get high or low balance notifications around 21.00 for the next day when Santander are involved. 

Mine went ok from Santander

They'll go okay. But it depends whether the receiving organisation receives them okay.

We're turning in circles a little bit.

Nationwide accepted my SOs coming from Santander.

They didn't accept SOs coming from some other people's Santander.

Dizzycap

allegro120 said:

friolento said:

friolento said:

Middle_of_the_Road said:

Bridlington1 said:

Middle_of_the_Road said:

Bridlington1 said:

Just a reminder Hanley Economic BS Online Regular Saver (NLA) reduces from 5% to 4.7% from 1/5/25 (tomorrow).

Thanks for the reminder.
I'm contemplating favouring my Cov.FHS2  this month @ 4.8%.
Are there any terms for Hanley on minimum deposit, or missing monthly deposits?

From the Ts&Cs:

The account must be opened with £1,000.

The minimum balance is £1,000, the maximum balance is £100,000.

A subscription of between £250 and £1,000 should be received each calendar month and you can vary the amount you wish to save. You can make more than one subscription per month providing the maximum subscription is not exceeded. You can make subscriptions by Standing Order, Bank Transfer or Debit Card. Please note Debit Card deposits can be only be made via the Online Portal/Mobile App.

If no subscriptions are made for 3 consecutive months or if 3 or more monthly subscriptions are missed throughout the anniversary year the Society, after giving you 60 days notice of our intention to do so, reserves the right to close the account and either return the balance or transfer it to an Instant Access Account.

You can make 5 withdrawals per tax year (6 April to 5 April) without penalty. All other withdrawals are subject to 30 days loss of interest on the amount withdrawn. Withdrawals will be made to the nominated bank account provided at the time of opening the account. £1,000 must remain in the account following a withdrawal.

https://web.archive.org/web/20231209161548/https://thehanley.co.uk/savings-accounts/

Thanks, will reduce the deposit to £250 going forward.

I have withdrawn my balance bar £1 and will chance no deposits for the next few months to see how they react 

HEBS appear to be very sharp. I already had an email reminding me that the min balance is £1,000 and that they would close my account in 60 days if my withdrawal was intentional. I duly made a £1,000 deposit as I don't want to give up that account - yet.

Thanks for trying and sharing.  I withdrew the minimum allowed £10k today (arrived within 4 hours), but wasn't sure how to deal with the rest.  Now I know I will be closing this account tomorrow or Monday.  The money will camp in 4.8% Chase until 8th May and then move to 4.75% Cahoots. Cahoot usually gives 60 day notice, so no point for me keeping £1k+interest in HEBS.  I hope closure is as quick as withdrawal, not the next working day.

Has anyone had any experience in closing Hanley's online/app accounts?

Yes, I received a message from them saying balance below £1,000 please fund or we'll close your account. I messaged them in the app and asked for closuer and all done same day as message request.

35har1old

allegro120 said:

friolento said:

friolento said:

Middle_of_the_Road said:

Bridlington1 said:

Middle_of_the_Road said:

Bridlington1 said:

Just a reminder Hanley Economic BS Online Regular Saver (NLA) reduces from 5% to 4.7% from 1/5/25 (tomorrow).

Thanks for the reminder.
I'm contemplating favouring my Cov.FHS2  this month @ 4.8%.
Are there any terms for Hanley on minimum deposit, or missing monthly deposits?

From the Ts&Cs:

The account must be opened with £1,000.

The minimum balance is £1,000, the maximum balance is £100,000.

A subscription of between £250 and £1,000 should be received each calendar month and you can vary the amount you wish to save. You can make more than one subscription per month providing the maximum subscription is not exceeded. You can make subscriptions by Standing Order, Bank Transfer or Debit Card. Please note Debit Card deposits can be only be made via the Online Portal/Mobile App.

If no subscriptions are made for 3 consecutive months or if 3 or more monthly subscriptions are missed throughout the anniversary year the Society, after giving you 60 days notice of our intention to do so, reserves the right to close the account and either return the balance or transfer it to an Instant Access Account.

You can make 5 withdrawals per tax year (6 April to 5 April) without penalty. All other withdrawals are subject to 30 days loss of interest on the amount withdrawn. Withdrawals will be made to the nominated bank account provided at the time of opening the account. £1,000 must remain in the account following a withdrawal.

https://web.archive.org/web/20231209161548/https://thehanley.co.uk/savings-accounts/

Thanks, will reduce the deposit to £250 going forward.

I have withdrawn my balance bar £1 and will chance no deposits for the next few months to see how they react 

HEBS appear to be very sharp. I already had an email reminding me that the min balance is £1,000 and that they would close my account in 60 days if my withdrawal was intentional. I duly made a £1,000 deposit as I don't want to give up that account - yet.

Thanks for trying and sharing.  I withdrew the minimum allowed £10k today (arrived within 4 hours), but wasn't sure how to deal with the rest.  Now I know I will be closing this account tomorrow or Monday.  The money will camp in 4.8% Chase until 8th May and then move to 4.75% Cahoots. Cahoot usually gives 60 day notice, so no point for me keeping £1k+interest in HEBS.  I hope closure is as quick as withdrawal, not the next working day.

Has anyone had any experience in closing Hanley's online/app accounts?

Is Cahoot not paying 5% now?