The Top Regular Savers Discussion Thread

Bridlington1

HRBS Interest Rate Reductions 29/8/25:

Hinckley and Rugby BS Regular Saver 30 Day Notice Account (Issue 2) from 4.35% to 4.1%
Regular Saver 30 Day Notice (NLA) from 4.25% to 4%

wmb194

gt94sss2 said:

wmb194 said:

Slinky said:

My take on it would be if it's an account which has a sort code and an 8 digit bank account, then it'll be an individual account in my name and would therefore be personal, which could be confirmed by a CoP if the account has been set up.  A sort code, 8 digit bank account and a further reference implies the account is a pooling account for everybodies money, differentiated by the reference number. Therefore the account name is the institution, and it's a business account.

Well that's my reasoning anyway!

No, you set it up as a personal account in your name and COP will check that reference matches to your name.

The other day I was told this won't work with Suffolk Building society as its one of the few building societies that hasn't implemented COP.

It's a requirement for all building societies to support COP including Suffolk Building Society 

https://www.suffolkbuildingsociety.co.uk/help-and-support/ states 

Payee: Use your first and last name (please don’t use ‘Suffolk Building Society’); and

Reference: please use your unique Suffolk Building Society mortgage / savings account number where you wish the funds to be placed.

Under "How to pay into your savings account"

Well COP with Suffolk didn't work for me on a postal RS so Lloyds blocked my account and that's what the Lloyds fraud guy said when unblocking it but perhaps he was out of date. 

I've just checked it using Santander: the COP for the postal RS still doesn't work - "reference number doesn't exist" - but for my online RS it does. Same sort codes and account numbers but different references. Strange.

friolento

Slinky said:

My take on it would be if it's an account which has a sort code and an 8 digit bank account, then it'll be an individual account in my name and would therefore be personal, which could be confirmed by a CoP if the account has been set up.  A sort code, 8 digit bank account and a further reference implies the account is a pooling account for everybodies money, differentiated by the reference number. Therefore the account name is the institution, and it's a business account.

Well that's my reasoning anyway!

Your theory is way too farfetched, and also wrong in many cases. For example, for the Darlington RS.

As an earlier poster has said, it makes no difference whether you use Personal or Business but for CoP to work, you must be using your name, not a company name. Some of us aren't too fuzzed about CoP matches, either, and use any old name in the name name field.All that matters for payments to arrive at the desired destination is a correct sort code and account number, plus a reference number if the receiving company has told you that you need to use a reference number.

20122013

Zopa Regular Saver Pot / RS how can I fund the account on the app?

As I have funded the Zopa bank account.

Under the 'Growth hub', I can see Smart Savings Hub, Zopa account and  can see the Zopa Regular Saver Pot but when click on any of them nothing happens. 

jaypers

20122013 said:

Zopa Regular Saver Pot / RS how can I fund the account on the app?

As I have funded the Zopa bank account.

Under the 'Growth hub', I can see Smart Savings Hub, Zopa account and  can see the Zopa Regular Saver Pot but when click on any of them nothing happens. 

Payments.
Move Money.
Then select your ‘From’ and ‘To’ accounts.

20122013

jaypers said:

20122013 said:

Zopa Regular Saver Pot / RS how can I fund the account on the app?

Payments.

Move Money.
Then select your ‘From’ and ‘To’ accounts.

money transferred to RS but RS account is not showing with the other 2 accounts?

also, can i leave the other 2 accounts with NIL balance?

and do a SO direct to the RS or does it have to be via the Zopa bank account, please?

Dizzycap

trickydicky14 said:

soulsaver said:

Market Harb BS. Anyone had the over payment conversation yet?

Have not heard anything as yet, I'm keeping my head down.

Yes, and the accounts department are working through all the over paid accounts  I've had 1 RS closed with full monies and all interest todate returned (maturity was end of November).  A second RS with £2250 returned with the remaining £750 being ok but won't be adding anymore funds (matures end of November with all interest accured including the overpaid amount). My 3rd RS is running as normal @ £250 per month (matures end of March 2026).

After receiving the letter, I decided it was far better for me to tell MH which accounts I wanted overpaid funds to be removed from  i.e. 2 x RS ending in Novermber rather than them taking it upon themselves to empty and close the RS ending March 2026   

Just to clarify, I hadn't applied for anymore MH RS, so it may not be a case of applying for another that has tipped the system & bulding society off to multiple RS with the monthly max being paid into each every month rather than splitting the £250 monthly max between the RS accounts as per the T&C's.

ToastLady

20122013 said:

jaypers said:

20122013 said:

Zopa Regular Saver Pot / RS how can I fund the account on the app?

Payments.

Move Money.
Then select your ‘From’ and ‘To’ accounts.

money transferred to RS but RS account is not showing with the other 2 accounts?

also, can i leave the other 2 accounts with NIL balance?

and do a SO direct to the RS or does it have to be via the Zopa bank account, please?

RS account will be shown under Pots in Smart Savings Hub.
Yes, you can leave current account and Primary Pot with nil balance, although I've got a few pence in both from interest.
Can't help with SO, always do a manual transfer.

PRAISETHESUN

ToastLady said:

20122013 said:

jaypers said:

20122013 said:

Zopa Regular Saver Pot / RS how can I fund the account on the app?

Payments.

Move Money.
Then select your ‘From’ and ‘To’ accounts.

money transferred to RS but RS account is not showing with the other 2 accounts?

also, can i leave the other 2 accounts with NIL balance?

and do a SO direct to the RS or does it have to be via the Zopa bank account, please?

RS account will be shown under Pots in Smart Savings Hub.
Yes, you can leave current account and Primary Pot with nil balance, although I've got a few pence in both from interest.
Can't help with SO, always do a manual transfer.

Zopa have their autosave feature, which pulls money from a current account you link through open banking directly into the RS. A few of us had an issue where it was missed for some reason in June so I do mine manually at the moment.

trickydicky14

Dizzycap said:

trickydicky14 said:

soulsaver said:

Market Harb BS. Anyone had the over payment conversation yet?

Have not heard anything as yet, I'm keeping my head down.

Yes, and the accounts department are working through all the over paid accounts  I've had 1 RS closed with full monies and all interest todate returned (maturity was end of November).  A second RS with £2250 returned with the remaining £750 being ok but won't be adding anymore funds (matures end of November with all interest accured including the overpaid amount). My 3rd RS is running as normal @ £250 per month (matures end of March 2026).

After receiving the letter, I decided it was far better for me to tell MH which accounts I wanted overpaid funds to be removed from  i.e. 2 x RS ending in Novermber rather than them taking it upon themselves to empty and close the RS ending March 2026   

Just to clarify, I hadn't applied for anymore MH RS, so it may not be a case of applying for another that has tipped the system & bulding society off to multiple RS with the monthly max being paid into each every month rather than splitting the £250 monthly max between the RS accounts as per the T&C's.

Can I ask, at what point do you have a say in what account the money is taken from and returned? Like you, I would rather have it taken from my Nov maturing account and not my March account.