The Top Regular Savers Discussion Thread

ThePirates

My FD RS took 5 working days to pay out, not impressed. New one opened and funded in 1 day though which was good. 
Similar to @dingling68 my Principality matured, paid out and opened a 2nd Iss 3 the same day.

dingling68

First Direct Regular Saver 

Just logged on and although the money isn’t yet showing in my saver account, the “your account is maturing” message was no longer showing and I was able to open a new regular saver 

allegro120

ThePirates said:

My FD RS took 5 working days to pay out, not impressed. New one opened and funded in 1 day though which was good. 
Similar to @dingling68 my Principality matured, paid out and opened a 2nd Iss 3 the same day.

Same with my Principality issue1.  Matured today, 2nd iss 3 opened and funded (the same account number as the closed account) and the rest of money arrived to my bank account at about 11am.

Over62

First Direct regular Saver

Mine matured on Sunday 4 May and the funds arrived in my existing First Direct savings account on Bank Holiday Monday 5 May.  I applied for a new regular saver and am waiting for it to be opened.

ToastLady

I opened both Halifax RS and Bank of Scotland Monthly Saver on 7th May 24, strangely Halifax matured and paid out on 7th, but BoS matured and paid out today 8th May. Thought that they would both mature on same day, being in the same banking group. Not complaining and no big deal at all and got an extra 49 pence interest paid by BoS. New accounts opened and funded, but with different dates this year.

masonic

My First Direct RS matured yesterday. I'd already applied for a new one the evening prior. Money arrived in my savings account late yesterday evening, so I'm now waiting for the new one to be opened. If that gets done today I'll have only shifted by 1 day, which would be a record.

Only today has the "your account is maturing" message appeared in the app (after the funds had already appeared in my savings account).

trickydicky14

dingling68 said:

I would like to give a shout out to Principality. My first 6 month regular saver matured today. £200 transferred to a new issue 3 and the balance to my nominated account in accordance with my maturity instructions all by mid morning 

First Direct should ask them how they do it 

Same as you, very impressed with the service.

gele

dingling68 said:

I would like to give a shout out to Principality. My first 6 month regular saver matured today. £200 transferred to a new issue 3 and the balance to my nominated account in accordance with my maturity instructions all by mid morning 

First Direct should ask them how they do it 

That's great! I'm very excited as mine matures tomorrow and maturity instructions as yours. I have an issue 3 already and was wondering if they'd let it mature into a second one. It was there as one of the options and it seems from comments that it will. 

allegro120

masonic said:

My First Direct RS matured yesterday. I'd already applied for a new one the evening prior. Money arrived in my savings account late yesterday evening, so I'm now waiting for the new one to be opened. If that gets done today I'll have only shifted by 1 day, which would be a record.

Only today has the "your account is maturing" message appeared in the app (after the funds had already appeared in my savings account).

My First Direct RS matured today, money arrived this morning. I've applied for a new one yesterday, the account is opened and funded this morning.  So no shift for me this time. 

mhoc

clairec666 said:

s71hj said:

clairec666 said:

I'm glad I'm not the only one who keeps a spreadsheet of regular savers! I'm a bit of an Excel geek, so I loved making mine. I've got a nice little colour scale thing to highlight the best interest rates so I can fund those first, and different colours for the ones with standing orders, then each month I make manual deposits after pay day (my pay varies a lot so some months I can pump a lot more into my regular savers) and un-highlight the ones I've paid.

Anyone fancy sharing a link to a blank spreadsheet! I'm a bit daunted and sort of don't know where to start!

This is roughly what I've got:
https://docs.google.com/spreadsheets/d/1qAg4gDqIIuX9YO7JG7uHY5nggL90aUQMqrhUtn3JHPo/edit?usp=sharing
Obviously I've removed any personal information and have edited the amounts too. Mine is a little more complicated and has linked sheets from separate years.

Natwest and RBS behave a little differently, in that the interest is paid in monthly and compounded. So the formulas in their rows are different. To extend to the next month, highlight the 3 columns for this month and drag across to the next month to auto-fill. At the moment the "min/max deposits" and "maturity date" columns don't do anything in regards to cell formulas, you'll have to work out each month which accounts are maturing.

Note that if you're adding up the "total interest" column for tax purposes, you would have to take into account which year the interest was paid in; monthly totals for last year are missing, so your "total" for each account will usually be higher than the row total.

What is missing from this chart is the actual account number - I seem to think HMRC list your savings interest with the account number ... although Ive not seen a HMRC interest list ...