The Top Regular Savers Discussion Thread

20122013

friolento said:

Middle_of_the_Road said:

20122013 said:

SANTANDER MONTHLY SAVER -  how can I make my monthly payment without incurring the Edge current account monthly fee? I have tried to set up a Standing Order from another bank account as I only have a 'R'account number and no sort code, so it was not possible.

PS I have posted this question already but cannot find it to delete it.

The regular saver can only be funded by standing order from your Edge current account.
Doing so will not trigger the fee. Only direct debits would do that.

It can be funded from any Santander account and it doesn’t require a standing order.

If I add funds to my Edge current account to pay into the Monthly Saver, will that not trigger the monthly account fee?

friolento

gt94sss2 said:

20122013 said:

SANTANDER MONTHLY SAVER -  how can I make my monthly payment without incurring the Edge current account monthly fee? I have tried to set up a Standing Order from another bank account as I only have a 'R'account number and no sort code, so it was not possible.

Apparently there is a way which someone posted in this thread last month but it has since been removed. I presume this is because MSE don't like users posting account details in case it leads to some form of scam.

The R account has to be used as the reference number for the payment.

When you do an internal transfer, whether one-off or by SO,  you don’t need any R number, or other number. They do force you to enter something into the Reference field, however. Mine says “for the RS”. I did set up the SO in the app - not sure it would be different if you do it in online banking 

gt94sss2

friolento said:

gt94sss2 said:

20122013 said:

SANTANDER MONTHLY SAVER -  how can I make my monthly payment without incurring the Edge current account monthly fee? I have tried to set up a Standing Order from another bank account as I only have a 'R'account number and no sort code, so it was not possible.

Apparently there is a way which someone posted in this thread last month but it has since been removed. I presume this is because MSE don't like users posting account details in case it leads to some form of scam.

The R account has to be used as the reference number for the payment.

When you do an internal transfer, whether one-off or by SO,  you don’t need any R number, or other number. They do force you to enter something into the Reference field, however. Mine says “for the RS”. I did set up the SO in the app - not sure it would be different if you do it in online banking 

I was referring to using the R number as the reference when making a payment from a non Santander account

jameseonline

You can fund the edge saver from every day current, edge current etc, to not trigger a fee, don't meet the conditions that trigger the fee 

surreysaver

20122013 said:

friolento said:

Middle_of_the_Road said:

20122013 said:

SANTANDER MONTHLY SAVER -  how can I make my monthly payment without incurring the Edge current account monthly fee? I have tried to set up a Standing Order from another bank account as I only have a 'R'account number and no sort code, so it was not possible.

PS I have posted this question already but cannot find it to delete it.

The regular saver can only be funded by standing order from your Edge current account.
Doing so will not trigger the fee. Only direct debits would do that.

It can be funded from any Santander account and it doesn’t require a standing order.

If I add funds to my Edge current account to pay into the Monthly Saver, will that not trigger the monthly account fee?

No. As long as you've not had any direct debits from the account.

savethepandas

mebu60 said:

Nope, maturity date is 3 September, Issue 2. Expect they'll be writing to me about that in a couple of weeks or so. 

Maturity instructions have appeared on the Principality site today for accounts maturing on 17th July.

schiff

Having apparently failed to satisfy the Mitek tests related to my opening the latest YBS RS - I've since been receiving reminders 'You have two days left to complete the requirements', 'One day left...', 'Today is the LAST day! ...' I've now out of the blue had the clearance! I can fund it! Yet I've done nothing since the first reminder came except close three of my four EA accounts with them, reducing the other to the £1 minimum and deciding not to pursue such a poor interest rate in the first place. Especially since the announcement of the EA account at the wonderful Principality. 
The two RSs that I still have are there for now as the 4.80% and 5.05% interest rates are just about acceptable.

allegro120

Stolas said:

allegro120 said:

clairec666 said:

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.

You can have as many as you can get of each issue.  I have four issue 3 accounts.

How exactly do you manage this - do you simply open multiple accounts and hope they don’t notice? 

The terms seem pretty clear “This can be a joint account, but you can’t have more than one of this issue number of the Regular Saver in your name.” 

I opened the first issue3 when it was launched.  The other 3 were offered as maturity options for other Regular Savers.  I also have two Christmas RSs, first was opened at the launch - second as a maturity option.

allegro120

Middle_of_the_Road said:

20122013 said:

SANTANDER MONTHLY SAVER -  how can I make my monthly payment without incurring the Edge current account monthly fee? I have tried to set up a Standing Order from another bank account as I only have a 'R'account number and no sort code, so it was not possible.

PS I have posted this question already but cannot find it to delete it.

The regular saver can only be funded by standing order from your Edge current account.
Doing so will not trigger the fee. Only direct debits would do that.

No, it doesn't have to be standing order.  I was funding it directly from Santander current accounts for many years.  Last year I have set up SO for £1 from Edge CA for convenience of not needing to renew it manually every year, the rest of the money I transfer manually when I want to increase my balance.

Stolas

allegro120 said:

Stolas said:

allegro120 said:

clairec666 said:

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.

You can have as many as you can get of each issue.  I have four issue 3 accounts.

How exactly do you manage this - do you simply open multiple accounts and hope they don’t notice? 

The terms seem pretty clear “This can be a joint account, but you can’t have more than one of this issue number of the Regular Saver in your name.” 

I opened the first issue3 when it was launched.  The other 3 were offered as maturity options for other Regular Savers.  I also have two Christmas RSs, first was opened at the launch - second as a maturity option.

Ah I see! I have an issue 2 regular saver maturing this month, so if I’m understanding you correctly I can transfer across that balance to a new issue 3 at maturity?