The Top Regular Savers Discussion Thread

francoghezzi

trickydicky14 said:

MANCHESTER REGULAR SAVER.

Just logged in for the first time and I see you have to enter a ‘Authentication code’ to use your linked bank account and it says, this will come in a letter.

Can I still fund the regular saver from my ‘linked account’ before this code arrives and is used?

I’m thinking the code is more about making withdrawals and not deposits.

Thanks for any help.

YES, you can fund the account. The code will be sent by post to activate your nominated account for withdrawals. Make sure the funds for your deposit come from your nominated account, tho, otherwise they will be rejected. You can send between £1 and £500 every calendar month. Opening your bank profile you'll soon see something like this. Once you receive the letter with the code you can enter the details

schiff

trickydicky14 said:

MANCHESTER REGULAR SAVER.

Just logged in for the first time and I see you have to enter a ‘Authentication code’ to use your linked bank account and it says, this will come in a letter.

Can I still fund the regular saver from my ‘linked account’ before this code arrives and is used?

I’m thinking the code is more about making withdrawals and not deposits.

Thanks for any help.

Yes, you can

Bobblehat

s71hj said:

Nationwide RS 7
I'm rather against a brick wall on how to set up the payment to fund this. I assumed that sort code and account number would work and I could create my own identifier for 'Reference' but COP fails, highlighting the account number. Had a quick look unwelcome email but couldn't see anything that helped. 

kermchem said:

Ch1ll1Phlakes said:

s71hj said:

Nationwide RS 7
I'm rather against a brick wall on how to set up the payment to fund this. I assumed that sort code and account number would work and I could create my own identifier for 'Reference' but COP fails, highlighting the account number. Had a quick look unwelcome email but couldn't see anything that helped. 

You need to wait until the day after opening to set up payments using COP

But as the Nationwide Flex RS issue 7 requires you to have a Nationwide current account you can do a transfer today from that. COP not needed "in house".

Hattie627 said:

Hattie627 said:

dealyboy said:

Nationwide Regular Saver Issue 7

I experienced the same problems as many others did with the maturity of the RS issue 3 maturity on Monday 22nd. This morning (24th) I was able to successfully open an RS issue 7.

Having read the community comments here and on other threads I think the most likely explanation is that the completion of the maturity failed overnight Sunday/Monday leaving the RS issue 3 unclosed; this pushed back the process by 1 day; noting as many have said that you have to wait till the following day to open a new RS.

Thanks. With a maturity date on Monday 22nd, I have been able to successfully open (and fund) a new Flex RS (Issue 7) this morning. CoP not yet recognising the account but I transferred £200 from Santander to my Nationwide current account and transferred from there into the RS. Will delay setting up the SO until tomorrow. All in all, not the smoothest of maturities but Nationwide is usually efficient, so this is hopefully a one-off

Nationwide Flex Account RS

I was the second person to report today (as above) that I had successfully opened this account, so my apologies if I have, by so doing, annoyed anyone.

However, in my defence m'Lud, I would point out that I included information that CoP was not working (yet) but that I had got round this by transferring the opening deposit to my Nationwide current account and then internally transferred to my new RS. From reading later posts, I see that someone was highlighting difficulty in funding due to CoP failure. 

So my apparently pointless post did have some value after all! Do not judge lest thee be judged... (or something like that

So there......  😁

Nationwide Flex RS ... and many others ....

The 1st and 2nd deposit manually from an associated CA or EA to a RS is part of my "Late Opening" strategy. The 1st deposit from there avoids COP problems and the 2nd deposit from there (a day or two later) avoids any delays in setting up SO's e.g near a weekend or BH. It can sometimes cost a few pence in lost interest, but the convenience of a fast up-and-running-once-open account is worth it in my book. The SO can then be set up at leisure before the 3rd deposit is due. YMMV!

Bobblehat

trickydicky14 said:

MANCHESTER REGULAR SAVER.

Just logged in for the first time and I see you have to enter a ‘Authentication code’ to use your linked bank account and it says, this will come in a letter.

Can I still fund the regular saver from my ‘linked account’ before this code arrives and is used?

I’m thinking the code is more about making withdrawals and not deposits.

Thanks for any help.

MANCHESTER REGULAR SAVER

Spotted this in the welcome pack .....



Handy if for some reason you want to fund  1st deposit later this month   

mon3ysav3r

trickydicky14 said:

MANCHESTER REGULAR SAVER.

Just logged in for the first time and I see you have to enter a ‘Authentication code’ to use your linked bank account and it says, this will come in a letter.

Can I still fund the regular saver from my ‘linked account’ before this code arrives and is used?

I’m thinking the code is more about making withdrawals and not deposits.

Thanks for any help.

Yes, I have just this morning funded my Manchester BS RS from my linked account before the code has arrived in the post, and received a txt message and email to confirm the deposit was received.

Their FAQ says that the account number to use in the reference is 13 digits long, but mine is only 7 (story of my life!) and seemed to work.

Beneficiary: Your first and last name

Sort code: 23 02 95

Bank account number: 00000001

Reference: Your Manchester Building Society account number. Your account number is a 13-digit account number

UPDATE: Just checked online and this mornings deposit is already showing in the account, impressive for a Building Society!

Bobblehat

mon3ysav3r said:

trickydicky14 said:

MANCHESTER REGULAR SAVER.

Just logged in for the first time and I see you have to enter a ‘Authentication code’ to use your linked bank account and it says, this will come in a letter.

Can I still fund the regular saver from my ‘linked account’ before this code arrives and is used?

I’m thinking the code is more about making withdrawals and not deposits.

Thanks for any help.

Yes, I have just this morning funded my Manchester BS RS from my linked account before the code has arrived in the post, and received a txt message and email to confirm the deposit was received.

Their FAQ says that the account number to use in the reference is 13 digits long, but mine is only 7 (story of my life!) and seemed to work.

Beneficiary: Your first and last name

Sort code: 23 02 95

Bank account number: 00000001

Reference: Your Manchester Building Society account number. Your account number is a 13-digit account number

MANCHESTER REGULAR SAVER

Also spotted this in the welcome pack ..... implying that just the 7 numeric code is needed for the Reference (my substitution of red "n"s for obvious reasons!)



Can anyone confirm that this worked successfully?

gt94sss2

Bobblehat said:

mon3ysav3r said:

trickydicky14 said:

MANCHESTER REGULAR SAVER.

Just logged in for the first time and I see you have to enter a ‘Authentication code’ to use your linked bank account and it says, this will come in a letter.

Can I still fund the regular saver from my ‘linked account’ before this code arrives and is used?

I’m thinking the code is more about making withdrawals and not deposits.

Thanks for any help.

Yes, I have just this morning funded my Manchester BS RS from my linked account before the code has arrived in the post, and received a txt message and email to confirm the deposit was received.

Their FAQ says that the account number to use in the reference is 13 digits long, but mine is only 7 (story of my life!) and seemed to work.

Beneficiary: Your first and last name

Sort code: 23 02 95

Bank account number: 00000001

Reference: Your Manchester Building Society account number. Your account number is a 13-digit account number

MANCHESTER REGULAR SAVER

Also spotted this in the welcome pack ..... implying that just the 7 numeric code is needed for the Reference (my substitution of red "n"s for obvious reasons!)



Can anyone confirm that this worked successfully?

Yes, you should use the 7 digit number for the payment reference 

Stargunner

Bobblehat said:

mon3ysav3r said:

trickydicky14 said:

MANCHESTER REGULAR SAVER.

Just logged in for the first time and I see you have to enter a ‘Authentication code’ to use your linked bank account and it says, this will come in a letter.

Can I still fund the regular saver from my ‘linked account’ before this code arrives and is used?

I’m thinking the code is more about making withdrawals and not deposits.

Thanks for any help.

Yes, I have just this morning funded my Manchester BS RS from my linked account before the code has arrived in the post, and received a txt message and email to confirm the deposit was received.

Their FAQ says that the account number to use in the reference is 13 digits long, but mine is only 7 (story of my life!) and seemed to work.

Beneficiary: Your first and last name

Sort code: 23 02 95

Bank account number: 00000001

Reference: Your Manchester Building Society account number. Your account number is a 13-digit account number

MANCHESTER REGULAR SAVER

Also spotted this in the welcome pack ..... implying that just the 7 numeric code is needed for the Reference (my substitution of red "n"s for obvious reasons!)



Can anyone confirm that this worked successfully?

It worked fine for me with a COP match  It showed ip as Manchester BS and not Newcastle

Hattie627

clairec666 said:

(I should probably stop over-thinking this and just leaving the account open - I don't know why superfluous empty accounts annoy me so much!)

I'm the same. I hate having superfluous empty accounts lying around. I feel it's untidy and I like my finances to be as neat and tidy as possible. I have to resist the temptation to close accounts as soon as they are superfluous. In the past, the tendency to close unused accounts too quickly has caused me to miss out on loyalty opportunities. Once I decide to stop playing the RS game, I will have to do a deep clean of everything. 

ChewyyBacca

Like many others, I had been waiting for this week- 22 Sep to 28 Sep, with so much anticipation. I had marked my calendar in three different places, so as not to forget. I thought I wont have enough or any money, when many fantastic new Regular Savers will be launched. So I sat and spent an hour doing cash flow analysis for the next two months, which RSs to withdraw money from, fishing out the product information and terms and condition documents.

So far, its been lack lustre. Just 1 modest new offering - Manchester BS @5.5%. The week is getting away & its already Wednesday. A fading hope that Friday might bring some awesome new offer like the jaw dropping 10% Exclusive RS we had with Virgin Money last year or 7% fixed from the ever so conservative 5 percenter HSBC!

Though it will leave just two working days in the month for an account to open and fund. If there are hiccups, it will push us well into next month.
Well, lets hope?