The Top Regular Savers Discussion Thread

WillPS

clairec666 said:

20122013 said:

Do all regular savings account pay interests on the interest incurred? if not, I will withdraw the interest.

A lot of regular savers (most?) pay interest once, at maturity. Zopa is an exception (pays monthly) and also Natwest and RBS, which pay monthly and also pay a lower rate of interest above £5000. For these two, if your balance hits £5000, it's worth withdrawing the interest each month.

Also any regular saver which has a term longer than a year will have to pay interest at least once a year.

Some building societies pay interest on a fixed day each year as well as maturity (Mansfield is one such society).

subjecttocontract

clairec666 said:

20122013 said:

Do all regular savings account pay interests on the interest incurred? if not, I will withdraw the interest.

A lot of regular savers (most?) pay interest once, at maturity. Zopa is an exception (pays monthly) and also Natwest and RBS, which pay monthly and also pay a lower rate of interest above £5000. For these two, if your balance hits £5000, it's worth withdrawing the interest each month.

....and
* Virgin  pay quarterly.
* Melton pay (on my accounts) end of March & end of May.
* Market Harb' pay end of November.

clairec666

subjecttocontract said:

clairec666 said:

20122013 said:

Do all regular savings account pay interests on the interest incurred? if not, I will withdraw the interest.

A lot of regular savers (most?) pay interest once, at maturity. Zopa is an exception (pays monthly) and also Natwest and RBS, which pay monthly and also pay a lower rate of interest above £5000. For these two, if your balance hits £5000, it's worth withdrawing the interest each month.

....and
* Virgin  pay quarterly.
* Melton pay (on my accounts) end of March & end of May.
* Market Harb' pay end of November.

The more recent Virgin regular saver (the 6.5% one that was available in May) only pays interest at maturity. Having seen the last couple of pages of this thread, should simplify things considerably!

innocentlove

flaneurs_lobster said:

» show previous quotes

I've got the debit card linked to PayPal and doing a Friends'n'Family transfer of 1p from Me1 to Me2 (2nd PayPal account). Been doing this once daily since the 5x roundup came in. Shifts £4.95/day to the DRS. Takes a minute.

@flaneurs_lobster It is a great explanation about "paying bit" on Page 306. I'd appreciate if you could shed some light on the process of having a Me2 account please. Cheers!

flaneurs_lobster

innocentlove said:

@flaneurs_lobster It is a great explanation about "paying bit" on Page 306. I'd appreciate if you could shed some light on the process of having a Me2 account please. Cheers!

Should just be a matter of opening a new PayPal account using a different email address from the existing one, don't believe this is in breach of their Terms. If you want to use the app for both accounts then having the second account on a different device makes it much easier.

Then just send a Friends & Family payment to the "new" email address.

crumpet_man

flaneurs_lobster said:

innocentlove said:

@flaneurs_lobster It is a great explanation about "paying bit" on Page 306. I'd appreciate if you could shed some light on the process of having a Me2 account please. Cheers!

Should just be a matter of opening a new PayPal account using a different email address from the existing one, don't believe this is in breach of their Terms. If you want to use the app for both accounts then having the second account on a different device makes it much easier.

Then just send a Friends & Family payment to the "new" email address.

Pretty sure you are only allowed two PayPal accounts if one is persontand one is business:

https://www.paypal.com/uk/cshelp/article/how-do-i-change-the-type-of-paypal-account-i-have-help339

Having said that, I am aware of people having multiple PayPal accounts.

innocentlove

Thanks a lot @flaneurs_lobster for taking time in explaining. Cheers!

Thanks @crumpet_man for the info. Cheers!

WillPS

Apologies if it's been mentioned, but I see it's not on Page 1 yet.

Nottingham Branch Saver Issue 3 (matures 30/06/26) is NLA and has been replaced by Issue 4 (maturing 30/09/26). Interest rate remains 4.75% var, max pay in of £500 and unlimited withdrawals (in branch only).

https://www.thenottingham.com/savings/products/branch-regular-saver

Bridlington1

WillPS said:

Apologies if it's been mentioned, but I see it's not on Page 1 yet.

Nottingham Branch Saver Issue 3 (matures 30/06/26) is NLA and has been replaced by Issue 4 (maturing 30/09/26). Interest rate remains 4.75% var, max pay in of £500 and unlimited withdrawals (in branch only).

https://www.thenottingham.com/savings/products/branch-regular-saver

It shall be added shortly, it appears to've been launched on 30th June too so must've somehow got missed.

s71hj

innocentlove said:

Thanks a lot @flaneurs_lobster for taking time in explaining. Cheers!

Thanks @crumpet_man for the info. Cheers!

I have been doing multiple daily debit card payments for £1.01 from my and wife's RBS and Natwest accounts into various accounts in our own name. These include Cambridge BS, Skipton BS, PayPal, Hanley BS, Newbury BS, Starling bank. There are more options but I try and stick with the ones with apps as it's quicker. Managing to increase balances of each RBS and Natwest RS by 2 or £300 a week as a result.