The Top Regular Savers Discussion Thread

jameseonline

s71hj said:

flaneurs_lobster said:

jameseonline said:

I'm surprised anyone bothers with the standard tbh, I've only really been bothering with the Club up until recently but I think I'll be emptying it gradually and having it as a backup/overflow account.

I guess if you have all the other decent regulars, but otherwise many may more than 5.25%.

Ive been paying in £2000 a month and £400 of which has been going to the 6.25% Club Lloyds (£1600 straight back out) , but you have both Nationwide and Virgin doing 6.5% these days & Monmouthshire with 6% & 7% accounts and high monthly deposit limits. 

TBH I've stopped funding anything less than 6% a month ago, I've simply run out of available funds.

The Monmouthshire ones rather changed everything 

Yup makes even less sense for me to be chained up to a First Direct or something, for now anyways.

Everything I fund I can pretty much access whenever I want wether that's by emptying gradually or closing without penalties.

clairec666

jameseonline said:

s71hj said:

flaneurs_lobster said:

jameseonline said:

I'm surprised anyone bothers with the standard tbh, I've only really been bothering with the Club up until recently but I think I'll be emptying it gradually and having it as a backup/overflow account.

I guess if you have all the other decent regulars, but otherwise many may more than 5.25%.

Ive been paying in £2000 a month and £400 of which has been going to the 6.25% Club Lloyds (£1600 straight back out) , but you have both Nationwide and Virgin doing 6.5% these days & Monmouthshire with 6% & 7% accounts and high monthly deposit limits. 

TBH I've stopped funding anything less than 6% a month ago, I've simply run out of available funds.

The Monmouthshire ones rather changed everything 

Yup makes even less sense for me to be chained up to a First Direct or something, for now anyways.

Everything I fund I can pretty much access whenever I want wether that's by emptying gradually or closing without penalties.

The plus side for First Direct is that it's fixed rate, so is very good if you don't mind your money being tied up until the maturity date.

Monmouthshire have essentially created an easy access account with 7% interest which you don't have to use like a regular saver at all, because of the high deposit limit I'm just putting in anything I can each month. But being mindful of the fact that it will mature next July so I'll have a big lump sum which needs a new home. Also it allows unlimited withdrawals but I haven't tested it to see how quick they pay out. Still, a 7% home for my spare cash, can't really complain.

cheekyweegit said:

Well just after midnight checked my Principality account, it's matured as requested into a 2nd regular saver issue 4, just waiting on the balance being paid into my nominated account.

I've another maturing next month so will see what happens with that and another in December so could be interesting.

Huge thanks to everyone who posts here especially Bridlington.  I've learned and am learning so much.....

Mine has also matured into an issue 4, has kept the same account number, and retained £200.

The excess money should have landed in my Natwest current account, but as of 7.30 hasn't arrived. So my lovely spreadsheet is in limbo at the moment, it looks like I'm £1000 down on yesterday!

jaypers

Monmouthshire - Opened a RS yesterday as a new customer. All went smoothly and everything, including the nominated account, seemed to be approved online. Logged into app ok and did a test payment from Barclays of £5. Still not showing today……Are MonBS a bit like Furness whereby they only process next working day? 

Bridlington1

jaypers said:

Monmouthshire - Opened a RS yesterday as a new customer. All went smoothly and everything, including the nominated account, seemed to be approved online. Logged into app ok and did a test payment from Barclays of £5. Still not showing today……Are MonBS a bit like Furness whereby they only process next working day? 

Deposits are treated as having been received the next working day for interest purposes. MBS's deposits take a while to show up regardless of whether it's a working day or not though but are usually backdated to the date it was sent so I wouldn't worry if a payment sent yesterday hasn't arrived yet.

Hal17

Clairec666 add a Pending Receipt cell to your spreadsheet. 

flaneurs_lobster

Hal17 said:

Clairec666 add a Pending Receipt cell to your spreadsheet. 

...or colour the cell, I use grey until the deposit is confirmed.

clairec666

flaneurs_lobster said:

Hal17 said:

Clairec666 add a Pending Receipt cell to your spreadsheet. 

...or colour the cell, I use grey until the deposit is confirmed.

Done. Nice to see my balance restored to yesterday's levels (plus interest).

I spend far too much of my time on my spreadsheet

Snapdragon

Halifax RS - Can anyone with experience of this situation, advise what will happen.....
Initially opened late in the month with manual payment, 2nd and remaining payments were made by S/O on the 1st of the month. Its now full (12*£25) = £3000) but doesn't mature until 25th Oct & S/O will try to put another £250 in on the 1st of October. Will they return the extra £250 as an overpayment or not be concerned?
Can I adjust S/O payment date in the app to skip a month to avoid the over-payment, if its likely they will return it?
Don't particularly want to cancel S/O as the RS account should auto roll-over into a new one on the 25th Oct presumably with same details, so I'd want the S/O to carry on paying on the 1st of month, rather than cancel and have to set up an identical one later. What have those who want it to roll over done? (Yes I know there are better rates elsewhere, but I have all those  ).

Just trying to keep effort involved to a minimum

surreysaver

Snapdragon said:

Halifax RS - Can anyone with experience of this situation, advise what will happen.....
Initially opened late in the month with manual payment, 2nd and remaining payments were made by S/O on the 1st of the month. Its now full (12*£25) = £3000) but doesn't mature until 25th Oct & S/O will try to put another £250 in on the 1st of October. Will they return the extra £250 as an overpayment or not be concerned?
Can I adjust S/O payment date in the app to skip a month to avoid the over-payment, if its likely they will return it?
Don't particularly want to cancel S/O as the RS account should auto roll-over into a new one on the 25th Oct presumably with same details, so I'd want the S/O to carry on paying on the 1st of month, rather than cancel and have to set up an identical one later. What have those who want it to roll over done? (Yes I know there are better rates elsewhere, but I have all those  ).

Just trying to keep effort involved to a minimum

The £250 on 1st October isn't an overpayment, as you can pay in £250 per calendar month.
What you can do is close the associated Easy Saver, that way the Regular Saver will change into an Easy Saver and you can open a new Regular Saver at the end of October.
You'll need to cancel the Standing Order after the 1st October if you do this, which if you want to keep effort to a minimum, is probably easier than posting your enquiry on here!

Snapdragon

surreysaver said:

Snapdragon said:

Halifax RS - Can anyone with experience of this situation, advise what will happen.....
Initially opened late in the month with manual payment, 2nd and remaining payments were made by S/O on the 1st of the month. Its now full (12*£25) = £3000) but doesn't mature until 25th Oct & S/O will try to put another £250 in on the 1st of October. Will they return the extra £250 as an overpayment or not be concerned?
Can I adjust S/O payment date in the app to skip a month to avoid the over-payment, if its likely they will return it?
Don't particularly want to cancel S/O as the RS account should auto roll-over into a new one on the 25th Oct presumably with same details, so I'd want the S/O to carry on paying on the 1st of month, rather than cancel and have to set up an identical one later. What have those who want it to roll over done? (Yes I know there are better rates elsewhere, but I have all those  ).

Just trying to keep effort involved to a minimum

The £250 on 1st October isn't an overpayment, as you can pay in £250 per calendar month 

Brilliant thanks, was assuming it was one of the RS's with a max value. That certainly makes life easier.