The Top Regular Savers Discussion Thread

20122013

With RS accounts do you have to fund the account on the same date each month? I am just going through each account and it seems, Halifax RS account I have funded on a different day this month, not sure whether I will earn interest on this.

gt94sss2

20122013 said:

With RS accounts do you have to fund the account on the same date each month?

No, you don't.

wmb194

20122013 said:

With RS accounts do you have to fund the account on the same date each month? I am just going through each account and it seems, Halifax RS account I have funded on a different day this month, not sure whether I will earn interest on this.

What do the T&Cs say?

allegro120

20122013 said:

With RS accounts do you have to fund the account on the same date each month? I am just going through each account and it seems, Halifax RS account I have funded on a different day this month, not sure whether I will earn interest on this.

No, you can fund them fund them whenever you like within the limit set by the account t&c.  In case of Halifax you can fund it up to £250 on any day/s during the calendar month.  Yes you will earn interest from the date you funded it.

surreysaver

20122013 said:

With RS accounts do you have to fund the account on the same date each month? I am just going through each account and it seems, Halifax RS account I have funded on a different day this month, not sure whether I will earn interest on this.

Some you do (HSBC and First Direct), as they set the standing order date. Although you can change it.
Beware some accounts don't run on calendar month, they run on account month, so whereas most accounts the month begins on the 1st, some of them depend upon what date of the month they were opened (Coventry and Santander spring to mind).

clairec666

20122013 said:

With RS accounts do you have to fund the account on the same date each month? I am just going through each account and it seems, Halifax RS account I have funded on a different day this month, not sure whether I will earn interest on this.

Generally, no - most of them have a maximum deposit "per calendar month" so you can deposit at any time in the month and will start earning interest from that date. Exceptions that spring to mind are First Direct (which forces you to deposit on the same day each month) and Zopa (where you can deposit at any time, but the new "month" date is the date you opened the account, e.g. mine is the 27th each month).

Bridlington1

Leeds BS Interest Rate Reductions 17/9/25:

Home Deposit Saver (all issues) ~~~ NO CHANGE to headline rate on balances of under £30k so remains at 4.8%. Rate for balances above £30k to reduce from 1.85% to 1.7%

REGULAR SAVER (ISSUE 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 56, 57, 59, 60, 61, 62, 63, 64, 65 & 66)  ~~~ NO CHANGE to headline rate on balances of under £6k so remains at 4.7%. Rate for balances above £30k to reduce from 1.85% to 1.7%

REGULAR SAVER (ISSUE 55 & 58) ~~~ NO CHANGE to headline rate on balances of under £6k so remains at 4.85%. Rate for balances above £30k to reduce from 1.85% to 1.7%

Saver684926

Darlington Building Society Regular Monthly Saver and Green Monthly Saver

Hello,

Did anyone receive any correspondence regarding the conversion of these accounts to easy access savings accounts please?

If you did, can you please advise if you held more than £100 in either of the accounts?

If you did not, can you also advise if you held more than £100 in either of the accounts please?

Darlington Building Society have advised communications around the product change were only sent to members with more than £100 in one of the affected accounts, and they say this is in line with their ts and cs. However I think communications should have been sent to all members (or at least put in branch/online) and that not doing so was not in line with the terms, as there is no stated required minimum balance for notifying of changes to 'specific terms' (while there is relating to interest rates).

I looked through this thread, and it seems weird that no one posted about the changes before they occurred, which is why I am asking the question as it will help confirm if:

1. Communications were actually sent out to anyone (on balance of probabilities, someone on here probably had more than £100 in either account)
2. If communications were actually limited to those with more than £100 balances

Thank you

ForumUser7

Welcome to the forum.

My accounts were converted and I was not notified either, but I did hold less than £100. They probably are supposed to notify us.

I don't think anyone did post before the changes occurred, but I posted (as did @BestSeagull ) when we became aware, albeit after the changes had taken place. I am unsure what their balance was. I don't believe anyone else posted about the same issue, so perhaps it is just us three affected.

gt94sss2

Saver684926 said:

Darlington Building Society Regular Monthly Saver and Green Monthly Saver

Did anyone receive any correspondence regarding the conversion of these accounts to easy access savings accounts please?

If you did, can you please advise if you held more than £100 in either of the accounts?

I had a Darlington RS with over £100 that matured recently and I asked them why I did not receive notification that this was going to occur.

They claimed that the maturity notifications had been sent by email and may have ended up in my Spam folder.

Don't really buy that but not really worth the effort to pursue