The Top Regular Savers Discussion Thread

Bob2000

easysaver said:

Skipton BS
Anyone else waiting for their deposits (faster payment from Chase at 01:23 on 1st Aug) from yesterday to show on their account(s)? I've experienced this before and it's irritating to say the least.
What do others do to avoid it? Can I fund my base rate tracker and do internal transfers from there? But won't that payment not get credited on time too? Fundamentally, is Skipton BS just unreliable?

Yes, I'm still waiting for mine to show up. The payment was sent by SO (early hours 1st Aug) with two other building societies, and they showed up 1 hour and  11 hour later.

Last months payment took under 40 minutes  when l looked.
It's not as if they are a smaller Building Society either.
Annoying.

SJMALBA

I had payments returned by CBS because their system didn't update (on one occasion) until 01:30, so I now do payments to them during the day - looks like I may have to add Skipton to that as well...?

TykeUK

easysaver said:

Skipton BS
Anyone else waiting for their deposits (faster payment from Chase at 01:23 on 1st Aug) from yesterday to show on their account(s)? I've experienced this before and it's irritating to say the least.
What do others do to avoid it? Can I fund my base rate tracker and do internal transfers from there? But won't that payment not get credited on time too? Fundamentally, is Skipton BS just unreliable?

I had the same problem & phoned them this morning. They eventually found the payment & the reference had been messed up with my name included as well as the Skipton account number. Said they would request it to be allocated manually & might take a couple of days but there would be no loss of interest

jrh22542254

allegro120 said:

jrh22542254 said:

I read somewhere on here that you could open a Virgin RS using the 05 account system, and also open one if you have an 08 account ? 
However when I try to do this using 08 , I dont have an option to open the regular saver ?
I have an 05 current account but not a current account starting 08?
Is this the reason ?
You have to have two current accounts with Virgin, one on the 08 system and one on the 05 system?
Thanks.

You can open RS with 05 and 82, which are identical systems.  08 has different type of products, so you can't have 08 RS.

OK thanks. I dont have an 82 account . How can I open one please ? 

ColdIron

SJMALBA said:

easysaver said:

Skipton BS
Anyone else waiting for their deposits (faster payment from Chase at 01:23 on 1st Aug) from yesterday to show on their account(s)? I've experienced this before and it's irritating to say the least.
What do others do to avoid it? Can I fund my base rate tracker and do internal transfers from there? But won't that payment not get credited on time too? Fundamentally, is Skipton BS just unreliable?

Yes, mine, sent from Bank of Scotland, just before 01:00 on the 1st, still isn't showing - just been on chat with Skipton, and the CSA said that they can't investigate further as the 'payments team' don't work at the weekend, but 'it's likely just a delay on their side', and that it will be credited back to the day sent. This is the first time I've had this problem with Skipton

Same here. £250 SO from BRT to RS still not showing but separate manual movement of £250 into Bonus saver made on the same day is showing. My SO date has been advanced to 01/09/2025

CS say it will 'probably' show on Monday but no one can see that it has happened, or what the statement date is/will be as some team or another doesn't work weekends

allegro120

Bridlington1 said:

easysaver said:

Skipton BS
Anyone else waiting for their deposits (faster payment from Chase at 01:23 on 1st Aug) from yesterday to show on their account(s)? I've experienced this before and it's irritating to say the least.
What do others do to avoid it? Can I fund my base rate tracker and do internal transfers from there? But won't that payment not get credited on time too? Fundamentally, is Skipton BS just unreliable?

The payments I sent to Skipton yesterday dinner time are showing in my account.

I've found Skipton's systems in general don't seem to like payments into regular savers too early in the day on the first of the month so I usually fund them during business hours.

I've scheduled my deposit to Skipton from Cahoot for 1st August (these are usually processed at around 1-2am) and received e-mail from Skipton confirming the deposit at 7.04 am.

allegro120

jrh22542254 said:

allegro120 said:

jrh22542254 said:

I read somewhere on here that you could open a Virgin RS using the 05 account system, and also open one if you have an 08 account ? 
However when I try to do this using 08 , I dont have an option to open the regular saver ?
I have an 05 current account but not a current account starting 08?
Is this the reason ?
You have to have two current accounts with Virgin, one on the 08 system and one on the 05 system?
Thanks.

You can open RS with 05 and 82, which are identical systems.  08 has different type of products, so you can't have 08 RS.

OK thanks. I dont have an 82 account . How can I open one please ? 

I don't know.  I've inherited it 82 from Clydesdale as part of merger in 2019, I'm not sure how you can get it now.

Ch1ll1Phlakes

easysaver said:

Skipton BS
Anyone else waiting for their deposits (faster payment from Chase at 01:23 on 1st Aug) from yesterday to show on their account(s)? I've experienced this before and it's irritating to say the least.
What do others do to avoid it? Can I fund my base rate tracker and do internal transfers from there? But won't that payment not get credited on time too? Fundamentally, is Skipton BS just unreliable?

£250 payment to Skipton Mem Reg Saver from Nationwide by Standing order is showing in my account this morning. Didn't check yesterday as normally I have no problems with standing orders.

Also if you've experienced it before it could be to do with the specific links between Chase and Skipton that are the issue. Check your name details match between the two organisations as faster payments uses Confirmation of payee. But even if this is the case any payment sent with faster payments should be credited no later than the next working day.

I've never had issues with Nationwide or Skipton, and I wouldn't call them unreliable.

EDIT: Just want to add to this that any transfers to Skipton Member Regular Savers should be sent as payments to a business account (as per instructions on their website - see here Member Regular Saver). If you have the standing order set up as personal, it may take them some time to figure out where the payment needs to go.

mebu60

easysaver said:

Skipton BS
Anyone else waiting for their deposits (faster payment from Chase at 01:23 on 1st Aug) from yesterday to show on their account(s)? I've experienced this before and it's irritating to say the least.
What do others do to avoid it? Can I fund my base rate tracker and do internal transfers from there? But won't that payment not get credited on time too? Fundamentally, is Skipton BS just unreliable?

No, but I am still waiting for the maturity funds from my Member RS Issue 3 which matured yesterday. 

gt94sss2

ccluedo said:

I emptied and closed my Virgin RS on morning of 31st and gave an external account for interest due.
I also opened a RS 3 on 1st. No problems. 
This morning I see the 10% RS has correctly disappeared but the Everyday Saver has appeared. I would have thought my actions on 31st negated the need for yet another account (which I'll just want to close) being set up. 

The Everyday Saver is your renamed RS3 account, not a new account.

Virgin have not yet processed your account closure request.