The Top Regular Savers Discussion Thread

jd84

Born2Save_3 said:

Vernon BS Online RS Maturity

I've received an email telling me that on the 30th of this month they will add the interest and transfer everything bar  £1 to an EA.

I'd like to get £250 back in on the 30th and also do my usual £250 on the 1st.  Can I do that or am I stuffed because I've already put £250 in this month ?  Can I just transfer £250 or £249 back in from the EA account ?  Or if I can do another £250/£249 in on the 30th, from my external nominated account ?

Did anyone notice what time of day the interest is added and balance transferred to the EA ?  Hoping it happens early in the day, so I can try transfers during working hours.

I'm wondering if I call, I could ask for £250 to be transferred back on the 30th.  Has anyone had success with this ?

Thanks in advance.

Pretty sure transferring all but £1 leaves your existing account stays open, so unlikely to accept £500 in the same calendar month, but worth a try if you have the cash flow available.

poolboy

Thanks the manchester rs is a winner.  I was going to go for beverley but the lack of access put me off.  The 500 pcm is v generous too.

friolento

Stargunner said:

subjecttocontract said:

Stargunner said:

subjecttocontract said:

Stargunner said:

subjecttocontract said:

Yes I can understand that, the 4.15% would annoy me as well.
The Beverley 5.5% would annoy me as well, that's why it's not being opened by me. It would get shown up by all the others that provide a better return.

5.5% is higher than my EA savings accounts, so I have gone for it. 

Well it's hardly easy access. I thought that if you withdraw money from the account..... doesn't the interest paid stay at 1% ?

That is correct.

i don’t need it to be easy access, but as it pays more than my easy access accounts I have gone for it.

I still don't understand the accounts attraction unless, you already have the many other reg savers that pay more than 5.5%.

I have all the others. If I didn’t, I wouldn’t be going for it, as there are many better and more straightforward ones.

You don't have to justify why you went for a given account. 

friolento

trickydicky14 said:

subjecttocontract said:

Stargunner said:

subjecttocontract said:

Stargunner said:

subjecttocontract said:

Yes I can understand that, the 4.15% would annoy me as well.
The Beverley 5.5% would annoy me as well, that's why it's not being opened by me. It would get shown up by all the others that provide a better return.

5.5% is higher than my EA savings accounts, so I have gone for it. 

Well it's hardly easy access. I thought that if you withdraw money from the account..... doesn't the interest paid stay at 1% ?

That is correct.

i don’t need it to be easy access, but as it pays more than my easy access accounts I have gone for it.

I still don't understand the accounts attraction unless, you already have the many other reg savers that pay more than 5.5%.

Am I missing something, why not open the new Manchester B.S regular saver. Same rate 5.5% also variable and up to £500 a month and with easy access without all the conditions. And it runs for 2 years. And the system is fast, my deposit showed within an hour plus you get a text and email to tell you it's arrived.

What's all the criticim of people who opened accounts that you wouldn't open? Why do you assume that those who opened the Beverley one don't already have at least one Manchester one?

subjecttocontract

There was no criticism meant on my part, I just wanted to understand why the Beverley account seemed to be so attractive.......in case I was missing something.  The comments on here have persuaded me that the Manchester reg saver will make an ideal easy access account which I will open. Many thanks.

clairec666

subjecttocontract said:

There was no criticism meant on my part, I just wanted to understand why the Beverley account seemed to be so attractive.......in case I was missing something.  The comments on here have persuaded me that the Manchester reg saver will make an ideal easy access account which I will open. Many thanks.

One pro for the Beverley account is that it appears to be open-ended, so your money won't mature into a lower-paying account after a year. The benefits of this are somewhat negated by the strict withdrawal conditions and the massive interest drop if you make a withdrawal.

It might be a helpful account for some people, if for example they know they're unlikely to need access to the money, if they've already maxed out their ISA and all higher-paying regular savers, etc.

Born2Save_3

jd84 said:

Born2Save_3 said:

Vernon BS Online RS Maturity

I've received an email telling me that on the 30th of this month they will add the interest and transfer everything bar  £1 to an EA.

I'd like to get £250 back in on the 30th and also do my usual £250 on the 1st.  Can I do that or am I stuffed because I've already put £250 in this month ?  Can I just transfer £250 or £249 back in from the EA account ?  Or if I can do another £250/£249 in on the 30th, from my external nominated account ?

Did anyone notice what time of day the interest is added and balance transferred to the EA ?  Hoping it happens early in the day, so I can try transfers during working hours.

I'm wondering if I call, I could ask for £250 to be transferred back on the 30th.  Has anyone had success with this ?

Thanks in advance.

Pretty sure transferring all but £1 leaves your existing account stays open, so unlikely to accept £500 in the same calendar month, but worth a try if you have the cash flow available.

Thanks.  The transfer all bar £1 and leave the account open is the way the account works, as I understand it.  Which is great as there's no rush or issues with having to open a new to continue.  Keeping £250 in this month is ideal as it will be earning for the most time.

trickydicky14

friolento said:

trickydicky14 said:

subjecttocontract said:

Stargunner said:

subjecttocontract said:

Stargunner said:

subjecttocontract said:

Yes I can understand that, the 4.15% would annoy me as well.
The Beverley 5.5% would annoy me as well, that's why it's not being opened by me. It would get shown up by all the others that provide a better return.

5.5% is higher than my EA savings accounts, so I have gone for it. 

Well it's hardly easy access. I thought that if you withdraw money from the account..... doesn't the interest paid stay at 1% ?

That is correct.

i don’t need it to be easy access, but as it pays more than my easy access accounts I have gone for it.

I still don't understand the accounts attraction unless, you already have the many other reg savers that pay more than 5.5%.

Am I missing something, why not open the new Manchester B.S regular saver. Same rate 5.5% also variable and up to £500 a month and with easy access without all the conditions. And it runs for 2 years. And the system is fast, my deposit showed within an hour plus you get a text and email to tell you it's arrived.

criticism

What's all the criticim of people who opened accounts that you wouldn't open? Why do you assume that those who opened the Beverley one don't already have at least one Manchester one?

I think you are a bit quick out of the starting blocks. My comments are just pointing out that the Manchester account is in lots of ways a better account. And yes some folks may well have both and that’s fine. I have about 4 accounts as well as the Manchester RS which pay 5.5% and every one of them have better T&C’s then the Beverley account. All I’m doing is bringing it to the attention of others. And it's criticism with an 'S'

Born2Save_3

ForumUser7 said:

Born2Save_3 said:

Beverley BS RS I1

I applied very early this morning and had a referral.  Around midday received a call and had a very pleasant conversation with a member of staff, who was very helpful, to resolve my particular issue.  I own my own domain name so create unique email addresses for each organisation.  The Beverley lady explained that the online system is new to them and it didn't like my domain name.  For some part to work it needs to be a known domain name, such as yahoo, hotmail, etc et al.  This is interesting as the login system is I think the customisable system that Newcastle BS have created, I think.  But the issue could be with the online application system I used as a new member.

Any way, I received some emails to my own domain and then after the call emails to the big provider email.  Was able to log in to get the account details.  Then did the transfers, with COP, so sent full £150.

As a double check prior to the transfer I wanted to independently check Bev BS's details and found this HMRC list :

https://www.gov.uk/hmrc-internal-manuals/tax-credits-manual/tcm0314000

specifically for Bev BS :

https://www.gov.uk/hmrc-internal-manuals/tax-credits-manual/tcm0314060

So overall, very pleased.  Another new BS to add to the collection, and one I've been looking at for a while.

In the application I noticed that is is possible to have interest either added or paid away.  I selected to add.  I'm just wondering if anyone noticed if this can be changed to pay away to nominated though the website ?  If over the years the interest remains good, a fair amount could be accumulated with interest paid away and keeping the bonus.

N.B. Not all details there are up to date - for example bath’s details are out of date

Good to know.  So much for all the dues paid...  And I heard something a couple of months back that Reeves wants the Ni No's for all RS type account holders.

Born2Save_3

Born2Save_3 said:

Vernon BS Online RS Maturity

I've received an email telling me that on the 30th of this month they will add the interest and transfer everything bar  £1 to an EA.

I'd like to get £250 back in on the 30th and also do my usual £250 on the 1st.  Can I do that or am I stuffed because I've already put £250 in this month ?  Can I just transfer £250 or £249 back in from the EA account ?  Or if I can do another £250/£249 in on the 30th, from my external nominated account ?

Did anyone notice what time of day the interest is added and balance transferred to the EA ?  Hoping it happens early in the day, so I can try transfers during working hours.

I'm wondering if I call, I could ask for £250 to be transferred back on the 30th.  Has anyone had success with this ?

Thanks in advance.

Any one else like to comment ?