The Top Regular Savers Discussion Thread

francoghezzi

Kim_13 said:

Anyone get an email from Coventry reminding them to pay in by the end of July to qualify for the last Sunny Day Saver draw in August? I don’t know why they send it to me as I paid in on the 1st and now wonder whether paying in too early in the month has meant being erroneously left out. At least when you didn’t win with Nationwide you got an email confirming that you had been entered.

I do think that the e mail is just a generic reminder, nothing to do with your personal balance on that account and has been obviously sent to everybody. I deposited money well after the first week in July and received it today as well

J63320

Kim_13 said:

Anyone get an email from Coventry reminding them to pay in by the end of July to qualify for the last Sunny Day Saver draw in August? I don’t know why they send it to me as I paid in on the 1st and now wonder whether paying in too early in the month has meant being erroneously left out. At least when you didn’t win with Nationwide you got an email confirming that you had been entered.

I think some banks and building societies aren’t very clever with their emails. I opened a Club Lloyds Monthly Saver last week and transferred the maximum monthly payment of £400 into it on the same day. The following day I got an email from Lloyds saying that in order to make the most of my new account I should pay some money into it as soon as possible!

clairec666

francoghezzi said:

Kim_13 said:

Anyone get an email from Coventry reminding them to pay in by the end of July to qualify for the last Sunny Day Saver draw in August? I don’t know why they send it to me as I paid in on the 1st and now wonder whether paying in too early in the month has meant being erroneously left out. At least when you didn’t win with Nationwide you got an email confirming that you had been entered.

I do think that the e mail is just a generic reminder, nothing to do with your personal balance on that account and has been obviously sent to everybody. I deposited money well after the first week in July and received it today as well

I haven't had a reminder. Then again, I can't find any email correspondence from Coventry, even when I opened accounts, so maybe I didn't supply them with an email address.

chris_the_bee

Payments to BS over weekends
I seem to remember there was a list of which BS do not accept payments over weekends, deferring them to the next business day.
Also similar for after business hours payments.
Can anyone help please.

UndergroundSaxClub

Hopefully an easy one.

Recently completed a switch to RBS for the £125 incentive, now opening a DRS for the extra £50. Is using this account as advertised "pointless" if I have a lump sum, or can save around 800pcm rather than 150? I'm not great with numbers, but I think I would get a better return just sticking a big lump into an easy-access savings account rather than top this up for X amount of years.

PRAISETHESUN

UndergroundSaxClub said:

Hopefully an easy one.

Recently completed a switch to RBS for the £125 incentive, now opening a DRS for the extra £50. Is using this account as advertised "pointless" if I have a lump sum, or can save around 800pcm rather than 150? I'm not great with numbers, but I think I would get a better return just sticking a big lump into an easy-access savings account rather than top this up for X amount of years.

The higher interest rate will always be the better place to save your money, even with the deposit restrictions for RS accounts. Best way to maximise your return is to whack your lump sum into a high interest easy access savings account and drip feed it each month into the even higher interest DRS account (or any of the other RS accounts discussed in this thread).

UndergroundSaxClub

PRAISETHESUN said:

UndergroundSaxClub said:

Hopefully an easy one.

Recently completed a switch to RBS for the £125 incentive, now opening a DRS for the extra £50. Is using this account as advertised "pointless" if I have a lump sum, or can save around 800pcm rather than 150? I'm not great with numbers, but I think I would get a better return just sticking a big lump into an easy-access savings account rather than top this up for X amount of years.

The higher interest rate will always be the better place to save your money, even with the deposit restrictions for RS accounts. Best way to maximise your return is to whack your lump sum into a high interest easy access savings account and drip feed it each month into the even higher interest DRS account (or any of the other RS accounts discussed in this thread).

Thanks, guess it never hurts to have a backup. Currently have a Santander Edge saver at 5.84% for a year (I think) with 4k, and everything else in their Easy Access Saver, due to drop to 3% in August

Slinky

UndergroundSaxClub said:

PRAISETHESUN said:

UndergroundSaxClub said:

Hopefully an easy one.

Recently completed a switch to RBS for the £125 incentive, now opening a DRS for the extra £50. Is using this account as advertised "pointless" if I have a lump sum, or can save around 800pcm rather than 150? I'm not great with numbers, but I think I would get a better return just sticking a big lump into an easy-access savings account rather than top this up for X amount of years.

The higher interest rate will always be the better place to save your money, even with the deposit restrictions for RS accounts. Best way to maximise your return is to whack your lump sum into a high interest easy access savings account and drip feed it each month into the even higher interest DRS account (or any of the other RS accounts discussed in this thread).

Thanks, guess it never hurts to have a backup. Currently have a Santander Edge saver at 5.84% for a year (I think) with 4k, and everything else in their Easy Access Saver, due to drop to 3% in August

Can you look at Chase? I've got a boosted easy access pot earning 4.55%

Aidanmc

chris_the_bee said:

Payments to BS over weekends
I seem to remember there was a list of which BS do not accept payments over weekends, deferring them to the next business day.
Also similar for after business hours payments.
Can anyone help please.

If you go to the first page of this thread, where the list of current regular savers are, under each listing gives details whether or not deposits are credited on non working days.

Great work here by Bridlington1

Bridlington1

UndergroundSaxClub said:

PRAISETHESUN said:

UndergroundSaxClub said:

Hopefully an easy one.

Recently completed a switch to RBS for the £125 incentive, now opening a DRS for the extra £50. Is using this account as advertised "pointless" if I have a lump sum, or can save around 800pcm rather than 150? I'm not great with numbers, but I think I would get a better return just sticking a big lump into an easy-access savings account rather than top this up for X amount of years.

The higher interest rate will always be the better place to save your money, even with the deposit restrictions for RS accounts. Best way to maximise your return is to whack your lump sum into a high interest easy access savings account and drip feed it each month into the even higher interest DRS account (or any of the other RS accounts discussed in this thread).

Thanks, guess it never hurts to have a backup. Currently have a Santander Edge saver at 5.84% for a year (I think) with 4k, and everything else in their Easy Access Saver, due to drop to 3% in August

I typically pay into whichever accounts give me the highest rate of interest for my money, if I pay the maximum into the top regular saver and still have money leftover I fill up the second best regular saver, then the third best one etc. You'll likely find many on this forum have a few dozen or more regular savers on the go at any one time (my peak was over 60 regular savers).