The Top Regular Savers Discussion Thread

dingling68

Skipton Regular Saver - deposit date

I have been told on chat that the interest will be calculated from 1st August, as the late date of 4th August is due to a processing delay at their end but I guess we won't know for sure until the interest is credited

hpas251

Digital_Payback 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?

I’m still waiting for 2 automated payments to be credited to 2 separate Skipton regular savers, funds sent from Starling Bank at 1.40am yesterday, 1st August. 

I had this problem with a manual payment sent at 12.10am on Friday. It was finally credited this morning. There seems to a delay when payments are sent in the early hours of the morning of the 1st of the month. The system at either Skipton or Barclays (who process payments on behalf of Skipton) seems to not recognise that it's a new month until later in the day. RBS and Nationwide do not have this problem though.

jameseonline

Just managed to pay into a Principality 6 month despite Virgin telling me on phone they released the payment and getting a notification on app following a block days ago.

Got several adjustments on my current account transactions list too which are to do with the 1st of August payments I made & disappeared off the transactions list.

So basically nothing went anywhere & £200 went into my current account today.

*SIGH*

hpas251

SH88SH88 said:

Digital_Payback said:

easysaver said:

Unreliable Skipton BS
My deposits made early hours on 1st Aug are now showing but dated 4th Aug.
Standing orders/scheduled payments have now been cancelled. I'll make manual payments during business hours, if I remember/have time etc.
Question for MSE's, does this happen with any other bank/building society who also offer RS's? It's the randomness of the process that irritates me more than the actual delay. Does anyone actually have an explanation for why some payments get credited on the day and others are only credited the following business day? I've not heard any explanation that holds up.
Very poor form from Skipton BS.

 It maybe that Standing Order payments are treated differently from Faster Payment. The latter seem to be processed faster and on the same day. 

Digital_Payback said:

easysaver said:

Unreliable Skipton BS
My deposits made early hours on 1st Aug are now showing but dated 4th Aug.
Standing orders/scheduled payments have now been cancelled. I'll make manual payments during business hours, if I remember/have time etc.
Question for MSE's, does this happen with any other bank/building society who also offer RS's? It's the randomness of the process that irritates me more than the actual delay. Does anyone actually have an explanation for why some payments get credited on the day and others are only credited the following business day? I've not heard any explanation that holds up.
Very poor form from Skipton BS.

 It maybe that Standing Order payments are treated differently from Faster Payment. The latter seem to be processed faster and on the same day. 

Skipton seem to be allergic to Weekends, if you try to do an INTERNAL transfer on a Saturday it refuses and says only on weekdays,  so this gets forward dated to be actioned on Monday .....

Ditto for Bank Holidays. Nationwide can do instant internal transfers on weekends and BHs though.

Reg_Smeeton

badger09 said:

Reg_Smeeton said:

Re:  Monmouthshire Exclusive RS issue 2 ( the 4.9% one)

I thought this account had no withdrawals before maturity but I can see online that I have the option to withdraw or transfer to my other MBS accounts. Is this due to the interest rate recently dropping or was I mistaken in my assumption? Just assessing my options as mine still has six weeks to run and could do with freeing up some money to fund more competitive RS’s at the moment

I queried this with MONBS and was told it was not possible to close this RS. Mine was due to mature late August but I closed it online several months early. Expected amount of interest was credited to date of closure. 

Have attempted to close mine online now, I sent MonBS the instruction over the weekend, now showing in the online portal as “processed” but still displaying with the full balance, and interest hasn’t been added yet. 

I’m fairly sure I’m operating outside of the T&Cs but will report back whether they are currently allowing closure as I’m sure other forumites will have similarly uncompetitive accounts still some weeks from maturity