The Top Regular Savers Discussion Thread

Bob2000

Bigwheels1111 said:

Bob2000 said:

Bigwheels1111 said:

Bob2000 said:

Quick question.  I have a first direct  regular saver, which had its last deposit  on the 29th, but was taken on the 30th. Can anybody tell me when it will be matured and interest added?

It is hit and miss.

The fastest way is to keep the savings account they opened last year active. If you had a reg saver with them last year.

For me in that situation this year my savings and interest were in the account next day.

As soon as the reg saver vanished I applied for a new one, Took 3/4 day.

If you do not have the old savings account open, 3/5 days is the average wait for your money.

Or call and ask for it today, they will move it and give access.

Ok, thank you for the information.
I opened a saving account  with them in Feb, and it currently  has £1 in it. Would they use that to transfer the RS into?

No, It is called, Savings account @ 1.35% interest rate.

They open it not you. I just left £0.01p in it last year.

Yes, that's what the interest  rate is on the one l already opened. It's still showing as a regular saver.

Bob2000

allegro120 said:

Bigwheels1111 said:

Bob2000 said:

Bigwheels1111 said:

Bob2000 said:

Quick question.  I have a first direct  regular saver, which had its last deposit  on the 29th, but was taken on the 30th. Can anybody tell me when it will be matured and interest added?

It is hit and miss.

The fastest way is to keep the savings account they opened last year active. If you had a reg saver with them last year.

For me in that situation this year my savings and interest were in the account next day.

As soon as the reg saver vanished I applied for a new one, Took 3/4 day.

If you do not have the old savings account open, 3/5 days is the average wait for your money.

Or call and ask for it today, they will move it and give access.

Ok, thank you for the information.
I opened a saving account  with them in Feb, and it currently  has £1 in it. Would they use that to transfer the RS into?

No, It is called, Savings account @ 1.35% interest rate.

They open it not you. I just left £0.01p in it last year.

They don't open it for you if you already have one.  Mine was opened over 20 years ago and all my matured FD RSs were transferred there since.
Also there's no minimum balance for FD savings account so it's not necessary to keep any money there.

So the one l already opened earlier this year at 1.35% should get the RS funds transferred  across when they are ready?

allegro120

Bob2000 said:

allegro120 said:

Bigwheels1111 said:

Bob2000 said:

Bigwheels1111 said:

Bob2000 said:

Quick question.  I have a first direct  regular saver, which had its last deposit  on the 29th, but was taken on the 30th. Can anybody tell me when it will be matured and interest added?

It is hit and miss.

The fastest way is to keep the savings account they opened last year active. If you had a reg saver with them last year.

For me in that situation this year my savings and interest were in the account next day.

As soon as the reg saver vanished I applied for a new one, Took 3/4 day.

If you do not have the old savings account open, 3/5 days is the average wait for your money.

Or call and ask for it today, they will move it and give access.

Ok, thank you for the information.
I opened a saving account  with them in Feb, and it currently  has £1 in it. Would they use that to transfer the RS into?

No, It is called, Savings account @ 1.35% interest rate.

They open it not you. I just left £0.01p in it last year.

They don't open it for you if you already have one.  Mine was opened over 20 years ago and all my matured FD RSs were transferred there since.
Also there's no minimum balance for FD savings account so it's not necessary to keep any money there.

So the one l already opened earlier this year at 1.35% should get the RS funds transferred  across when they are ready?

Yes, this is correct.  

Bobblehat

Bob2000 said:

allegro120 said:

Bigwheels1111 said:

Bob2000 said:

Bigwheels1111 said:

Bob2000 said:

Quick question.  I have a first direct  regular saver, which had its last deposit  on the 29th, but was taken on the 30th. Can anybody tell me when it will be matured and interest added?

It is hit and miss.

The fastest way is to keep the savings account they opened last year active. If you had a reg saver with them last year.

For me in that situation this year my savings and interest were in the account next day.

As soon as the reg saver vanished I applied for a new one, Took 3/4 day.

If you do not have the old savings account open, 3/5 days is the average wait for your money.

Or call and ask for it today, they will move it and give access.

Ok, thank you for the information.
I opened a saving account  with them in Feb, and it currently  has £1 in it. Would they use that to transfer the RS into?

No, It is called, Savings account @ 1.35% interest rate.

They open it not you. I just left £0.01p in it last year.

They don't open it for you if you already have one.  Mine was opened over 20 years ago and all my matured FD RSs were transferred there since.
Also there's no minimum balance for FD savings account so it's not necessary to keep any money there.

So the one l already opened earlier this year at 1.35% should get the RS funds transferred  across when they are ready?

You may already know this, but the rate drops on 21st July to 1.30% AER/ 1.29% Gross. Not a big problem if like me you shift the funds out elsewhere asap!

Bob2000

allegro120 said:

Bob2000 said:

allegro120 said:

Bigwheels1111 said:

Bob2000 said:

Bigwheels1111 said:

Bob2000 said:

Quick question.  I have a first direct  regular saver, which had its last deposit  on the 29th, but was taken on the 30th. Can anybody tell me when it will be matured and interest added?

It is hit and miss.

The fastest way is to keep the savings account they opened last year active. If you had a reg saver with them last year.

For me in that situation this year my savings and interest were in the account next day.

As soon as the reg saver vanished I applied for a new one, Took 3/4 day.

If you do not have the old savings account open, 3/5 days is the average wait for your money.

Or call and ask for it today, they will move it and give access.

Ok, thank you for the information.
I opened a saving account  with them in Feb, and it currently  has £1 in it. Would they use that to transfer the RS into?

No, It is called, Savings account @ 1.35% interest rate.

They open it not you. I just left £0.01p in it last year.

They don't open it for you if you already have one.  Mine was opened over 20 years ago and all my matured FD RSs were transferred there since.
Also there's no minimum balance for FD savings account so it's not necessary to keep any money there.

So the one l already opened earlier this year at 1.35% should get the RS funds transferred  across when they are ready?

Yes, this is correct.  

Ok, thank you.

Bob2000

Bobblehat said:

Bob2000 said:

allegro120 said:

Bigwheels1111 said:

Bob2000 said:

Bigwheels1111 said:

Bob2000 said:

Quick question.  I have a first direct  regular saver, which had its last deposit  on the 29th, but was taken on the 30th. Can anybody tell me when it will be matured and interest added?

It is hit and miss.

The fastest way is to keep the savings account they opened last year active. If you had a reg saver with them last year.

For me in that situation this year my savings and interest were in the account next day.

As soon as the reg saver vanished I applied for a new one, Took 3/4 day.

If you do not have the old savings account open, 3/5 days is the average wait for your money.

Or call and ask for it today, they will move it and give access.

Ok, thank you for the information.
I opened a saving account  with them in Feb, and it currently  has £1 in it. Would they use that to transfer the RS into?

No, It is called, Savings account @ 1.35% interest rate.

They open it not you. I just left £0.01p in it last year.

They don't open it for you if you already have one.  Mine was opened over 20 years ago and all my matured FD RSs were transferred there since.
Also there's no minimum balance for FD savings account so it's not necessary to keep any money there.

So the one l already opened earlier this year at 1.35% should get the RS funds transferred  across when they are ready?

You may already know this, but the rate drops on 21st July to 1.30% AER/ 1.29% Gross. Not a big problem if like me you shift the funds out elsewhere asap!

I didn't know that so thank you.

But it was only opened to receive  the regular saver funds anyway. Was hoping it would  have speeded up the process  but doesn't look like it.

Bobblehat

Bob2000 said:

Bobblehat said:

Bob2000 said:

allegro120 said:

Bigwheels1111 said:

Bob2000 said:

Bigwheels1111 said:

Bob2000 said:

Quick question.  I have a first direct  regular saver, which had its last deposit  on the 29th, but was taken on the 30th. Can anybody tell me when it will be matured and interest added?

It is hit and miss.

The fastest way is to keep the savings account they opened last year active. If you had a reg saver with them last year.

For me in that situation this year my savings and interest were in the account next day.

As soon as the reg saver vanished I applied for a new one, Took 3/4 day.

If you do not have the old savings account open, 3/5 days is the average wait for your money.

Or call and ask for it today, they will move it and give access.

Ok, thank you for the information.
I opened a saving account  with them in Feb, and it currently  has £1 in it. Would they use that to transfer the RS into?

No, It is called, Savings account @ 1.35% interest rate.

They open it not you. I just left £0.01p in it last year.

They don't open it for you if you already have one.  Mine was opened over 20 years ago and all my matured FD RSs were transferred there since.
Also there's no minimum balance for FD savings account so it's not necessary to keep any money there.

So the one l already opened earlier this year at 1.35% should get the RS funds transferred  across when they are ready?

You may already know this, but the rate drops on 21st July to 1.30% AER/ 1.29% Gross. Not a big problem if like me you shift the funds out elsewhere asap!

I didn't know that so thank you.

But it was only opened to receive  the regular saver funds anyway. Was hoping it would  have speeded up the process  but doesn't look like it.

Generally, keeping that saver account does speed things up. Bigwheels1111 summed it up well in a previous comment on 1st July in this thread. As they mentioned, if you are really in a hurry, they are very good at opening a new RS for you by phone.

mebu60

Principality 6 Month RS 7.5% AER / 7.36% gross

Apologies if already mentioned, I've only skimmed back two pages. 

My existing 6 Month RS 8.0% matures 3 September. About to find out if can have 6 Month RSs (plus Christmas RS 7.0%). 

clairec666

mebu60 said:

Principality 6 Month RS 7.5% AER / 7.36% gross

Apologies if already mentioned, I've only skimmed back two pages. 

My existing 6 Month RS 8.0% matures 3 September. About to find out if can have 6 Month RSs (plus Christmas RS 7.0%). 

You should be able to get the 7.5% account (which is issue 3) as your 8% account was a previous issue. You can have one of each issue.

Hattie627

mebu60 said:

Principality 6 Month RS 7.5% AER / 7.36% gross

Apologies if already mentioned, I've only skimmed back two pages. 

My existing 6 Month RS 8.0% matures 3 September. About to find out if can have 6 Month RSs (plus Christmas RS 7.0%). 

If maturity date not until 3 September, you wont get maturity options for another month. Do you mean maturity date is 3 August?