The Top Regular Savers Discussion Thread

trickydicky14

wmb194 said:

trickydicky14 said:

Zopa RS
My RS is due to mature on the 4th Oct, that's 7 days time. Should I just stop the S.O that pays into this account?
I'm just a bit unsure as most of my RS's are funded via SO from my other bank accounts and as you know, Zopa automatically draw money in so it's a little different. And if I do stop payments, is it easy to set them up again when I open a new RS with Zopa.

I’d cancel it. At maturity it becomes an easy access savings account (“pot”).

I fund mine manually via the current account and don’t bother with, “autosave.”

https://www.zopa.com/help/article/what-happens-when-the-12-month-term-on-my-regular-saver-pot-ends

Thanks that's very helpful. I did not know you can fund it via a SO from another bank that's why I used the auto save.
Can you fund directly into the RS or do you need to set up a SO from Zopa CA? It's just that I can't see any account details on my RS to use to set up a SO from my bank yet my Zopa CA will let me set up a SO to the RS.
Hope you can understand that.

flaneurs_lobster

trickydicky14 said:

wmb194 said:

trickydicky14 said:

Zopa RS
My RS is due to mature on the 4th Oct, that's 7 days time. Should I just stop the S.O that pays into this account?
I'm just a bit unsure as most of my RS's are funded via SO from my other bank accounts and as you know, Zopa automatically draw money in so it's a little different. And if I do stop payments, is it easy to set them up again when I open a new RS with Zopa.

I’d cancel it. At maturity it becomes an easy access savings account (“pot”).

I fund mine manually via the current account and don’t bother with, “autosave.”

https://www.zopa.com/help/article/what-happens-when-the-12-month-term-on-my-regular-saver-pot-ends

Thanks that's very helpful. I did not know you can fund it via a SO from another bank that's why I used the auto save.
Can you fund directly into the RS or do you need to set up a SO from Zopa CA? It's just that I can't see any account details on my RS to use to set up a SO from my bank yet my Zopa CA will let me set up a SO to the RS.
Hope you can understand that.

You can feed the Zopa CA with a SO from anywhere but the transfer to the RS needs to be manual (or so I've found). Probably just as easy to do the whole thing manually, takes two minutes if the funds are coming from a clearing bank.

clairec666

trickydicky14 said:

wmb194 said:

trickydicky14 said:

Zopa RS
My RS is due to mature on the 4th Oct, that's 7 days time. Should I just stop the S.O that pays into this account?
I'm just a bit unsure as most of my RS's are funded via SO from my other bank accounts and as you know, Zopa automatically draw money in so it's a little different. And if I do stop payments, is it easy to set them up again when I open a new RS with Zopa.

I’d cancel it. At maturity it becomes an easy access savings account (“pot”).

I fund mine manually via the current account and don’t bother with, “autosave.”

https://www.zopa.com/help/article/what-happens-when-the-12-month-term-on-my-regular-saver-pot-ends

Thanks that's very helpful. I did not know you can fund it via a SO from another bank that's why I used the auto save.
Can you fund directly into the RS or do you need to set up a SO from Zopa CA? It's just that I can't see any account details on my RS to use to set up a SO from my bank yet my Zopa CA will let me set up a SO to the RS.
Hope you can understand that.

Zopa's "smart savings hub" (which contains your regular saver account) has its own account number and sort code. I don't know what happens if you set up a SO from your bank into that - it definitely doesn't go to the regular saver, it probably goes into the "primary" pot paying 3.25%.

You can set up auto-save on Zopa to pull money from an external account straight into your regular saver, which uses TrueLayer. I haven't actually used this as I do it manually each month depending on funds, but it looks like you can set up the date of the transfer and the frequency and then just sit back and let everything work for you.

Edit: this possibly is a new-ish feature, I vaguely recall when I set up my Zopa account a few months back that everything had to go via the current account.

dibbles212

I have successfully used autosave for Zopa from my external account to my Zopa regular saver.

AndyTh_2

clairec666 said:

trickydicky14 said:

wmb194 said:

trickydicky14 said:

Zopa RS
My RS is due to mature on the 4th Oct, that's 7 days time. Should I just stop the S.O that pays into this account?
I'm just a bit unsure as most of my RS's are funded via SO from my other bank accounts and as you know, Zopa automatically draw money in so it's a little different. And if I do stop payments, is it easy to set them up again when I open a new RS with Zopa.

I’d cancel it. At maturity it becomes an easy access savings account (“pot”).

I fund mine manually via the current account and don’t bother with, “autosave.”

https://www.zopa.com/help/article/what-happens-when-the-12-month-term-on-my-regular-saver-pot-ends

Thanks that's very helpful. I did not know you can fund it via a SO from another bank that's why I used the auto save.
Can you fund directly into the RS or do you need to set up a SO from Zopa CA? It's just that I can't see any account details on my RS to use to set up a SO from my bank yet my Zopa CA will let me set up a SO to the RS.
Hope you can understand that.

Zopa's "smart savings hub" (which contains your regular saver account) has its own account number and sort code. I don't know what happens if you set up a SO from your bank into that - it definitely doesn't go to the regular saver, it probably goes into the "primary" pot paying 3.25%.

You can set up auto-save on Zopa to pull money from an external account straight into your regular saver, which uses TrueLayer. I haven't actually used this as I do it manually each month depending on funds, but it looks like you can set up the date of the transfer and the frequency and then just sit back and let everything work for you.

Edit: this possibly is a new-ish feature, I vaguely recall when I set up my Zopa account a few months back that everything had to go via the current account.

It's not new, it was there either at launch of the current account for beta or a week or so later (needed an app update to use it for any zopa account), so October last year. I've not been able to use it just due to Chase not supporting regular auto-save, it was available for my Lloyds account (but no use for me)

trickydicky14

flaneurs_lobster said:

trickydicky14 said:

wmb194 said:

trickydicky14 said:

Zopa RS
My RS is due to mature on the 4th Oct, that's 7 days time. Should I just stop the S.O that pays into this account?
I'm just a bit unsure as most of my RS's are funded via SO from my other bank accounts and as you know, Zopa automatically draw money in so it's a little different. And if I do stop payments, is it easy to set them up again when I open a new RS with Zopa.

I’d cancel it. At maturity it becomes an easy access savings account (“pot”).

I fund mine manually via the current account and don’t bother with, “autosave.”

https://www.zopa.com/help/article/what-happens-when-the-12-month-term-on-my-regular-saver-pot-ends

Thanks that's very helpful. I did not know you can fund it via a SO from another bank that's why I used the auto save.
Can you fund directly into the RS or do you need to set up a SO from Zopa CA? It's just that I can't see any account details on my RS to use to set up a SO from my bank yet my Zopa CA will let me set up a SO to the RS.
Hope you can understand that.

You can feed the Zopa CA with a SO from anywhere but the transfer to the RS needs to be manual (or so I've found). Probably just as easy to do the whole thing manually, takes two minutes if the funds are coming from a clearing bank.

Just looking at my Zopa CA and it appears I can setup a SO to pay into my RS

masonic

trickydicky14 said:

flaneurs_lobster said:

trickydicky14 said:

wmb194 said:

trickydicky14 said:

Zopa RS
My RS is due to mature on the 4th Oct, that's 7 days time. Should I just stop the S.O that pays into this account?
I'm just a bit unsure as most of my RS's are funded via SO from my other bank accounts and as you know, Zopa automatically draw money in so it's a little different. And if I do stop payments, is it easy to set them up again when I open a new RS with Zopa.

I’d cancel it. At maturity it becomes an easy access savings account (“pot”).

I fund mine manually via the current account and don’t bother with, “autosave.”

https://www.zopa.com/help/article/what-happens-when-the-12-month-term-on-my-regular-saver-pot-ends

Thanks that's very helpful. I did not know you can fund it via a SO from another bank that's why I used the auto save.
Can you fund directly into the RS or do you need to set up a SO from Zopa CA? It's just that I can't see any account details on my RS to use to set up a SO from my bank yet my Zopa CA will let me set up a SO to the RS.
Hope you can understand that.

You can feed the Zopa CA with a SO from anywhere but the transfer to the RS needs to be manual (or so I've found). Probably just as easy to do the whole thing manually, takes two minutes if the funds are coming from a clearing bank.

Just looking at my Zopa CA and it appears I can setup a SO to pay into my RS

Yes this is right. It's only external current accounts where the autosave is required to feed the RS directly.

PowerSavingMode

where_are_we said:

PowerSavingMode said:

Manchester Regular Saver (Issue 1)

Has anyone had any issues opening this, please? 

I successfully (or so I thought) opened this in the wee hours of the 23rd Sep, and despite having an email saying something about needing further ID (but not saying what and how) "We advised you of this at the end of the application and will send you an email shortly which will remind you of what we need," — there was NO mention of said advice at the end of my application! — I have not heard a thing back from them. I have sent emails, and just get auto-response "we will get back to you..."

Manchester RS - This is exactly what has happened to my application. Hopefully they will respond before too long. Like you, I was a bit late in applying (got distracted by the Beverley offer) and now my hopes of getting in 2 payments soon, with first one before the end of September are not great.

Manchester Regular Saver (Issue 1)

I've today received the email that they said I had received on the 23rd but hadn't (hmm). It says I need to send original documents (driving licence etc) or copies of ID documents by post — which, to be honest, i can't be bothered to do. Shame, but no big loss... 

Born2Save_3

Stafford BS RS Issue 1

Poor rate now at 4.4%A and a PITA passbook account.  I'm now about 2 weeks past the 12 months opening date and it is still showing as a RS Issue 1.  I thought that if it matured I might be able to transfer the money to an EA account I have with them and do a faster payment out without involving passbooks or postage.

I'm just wondering if it does mature or if something else happens ?  I withdrew most of the money when the rate dropped to below my RS threshold and recall posting the passbook and a withdrawal form.

gt94sss2

Born2Save_3 said:

Stafford BS RS Issue 1

I'm just wondering if it does mature or if something else happens ?  I withdrew most of the money when the rate dropped to below my RS threshold and recall posting the passbook and a withdrawal form.

It's an open ended account with a maximum balance of £100,000.