The Top Regular Savers Discussion Thread

PloughmansLunch

I opened a Newcastle Monument this morning. It doesn't show as an available account if you are logged in, so I logged out and registered as a new customer using the exact same email / password / 3 security questions etc as previously submitted, and it appeared in my Newcastle BS app within an hour. This month's payment in is already showing an hour or so after the account first appeared.

Aidanmc

surreysaver said:

Kim_13 said:

surreysaver said:

Aidanmc said:

Going to have to dip in to my 5.5% RS's to fund higher interest ones next month.
My current 5.5's are RBS (max), Natwest (3k), Halifax, Progressive and recently opened Manchester.
Does it really matter which one i start with?

Start with NatWest and RBS, as they're really 5.37% (the 5.5% is the AER, not the gross) as the interest is paid monthly 

The NatWest is 5.5% as it isn't full and interest is compounding. Wouldn't RBS be a little above 5.5% provided the poster is drawing out the interest each month and paying it into an account paying more than 5.5%, or 5.5% if the interest goes into Manchester for example and earns 5.5% there?

I get that, but if money is going to begin to be removed, then it won't be compounding enough to reach 5.5%. If it was going to be left to reach £5k, then I would agree, but if the poster is looking at removing funds, and all else being equal, I would start with those that pay interest monthly, as the gross is lower.
There may be other variables to take into account, such as fixed rates, which tax year interest is going to be paid etc

Will probably have to raid all the 5.5's before end of the year. Currently have 18 RS's 6%+
Will start with Progressive as i can't have the 7% one 

chris_the_bee

Aidanmc said:

surreysaver said:

Kim_13 said:

surreysaver said:

Aidanmc said:

Going to have to dip in to my 5.5% RS's to fund higher interest ones next month.
My current 5.5's are RBS (max), Natwest (3k), Halifax, Progressive and recently opened Manchester.
Does it really matter which one i start with?

Start with NatWest and RBS, as they're really 5.37% (the 5.5% is the AER, not the gross) as the interest is paid monthly 

The NatWest is 5.5% as it isn't full and interest is compounding. Wouldn't RBS be a little above 5.5% provided the poster is drawing out the interest each month and paying it into an account paying more than 5.5%, or 5.5% if the interest goes into Manchester for example and earns 5.5% there?

I get that, but if money is going to begin to be removed, then it won't be compounding enough to reach 5.5%. If it was going to be left to reach £5k, then I would agree, but if the poster is looking at removing funds, and all else being equal, I would start with those that pay interest monthly, as the gross is lower.
There may be other variables to take into account, such as fixed rates, which tax year interest is going to be paid etc

Will probably have to raid all the 5.5's before end of the year. Currently have 18 RS's 6%+
Will start with Progressive as i can't have the 7% one 

Progressive
Does that mean you cannot have the 7% Online RS as well as the 5.5% RS?
The Online RS T's&C's say:- "Only one Online Regular Rainy-Day Saver Account (any issue) can be held per person."

Ch1ll1Phlakes

chris_the_bee said:

Aidanmc said:

surreysaver said:

Kim_13 said:

surreysaver said:

Aidanmc said:

Going to have to dip in to my 5.5% RS's to fund higher interest ones next month.
My current 5.5's are RBS (max), Natwest (3k), Halifax, Progressive and recently opened Manchester.
Does it really matter which one i start with?

Start with NatWest and RBS, as they're really 5.37% (the 5.5% is the AER, not the gross) as the interest is paid monthly 

The NatWest is 5.5% as it isn't full and interest is compounding. Wouldn't RBS be a little above 5.5% provided the poster is drawing out the interest each month and paying it into an account paying more than 5.5%, or 5.5% if the interest goes into Manchester for example and earns 5.5% there?

I get that, but if money is going to begin to be removed, then it won't be compounding enough to reach 5.5%. If it was going to be left to reach £5k, then I would agree, but if the poster is looking at removing funds, and all else being equal, I would start with those that pay interest monthly, as the gross is lower.
There may be other variables to take into account, such as fixed rates, which tax year interest is going to be paid etc

Will probably have to raid all the 5.5's before end of the year. Currently have 18 RS's 6%+
Will start with Progressive as i can't have the 7% one 

Progressive
Does that mean you cannot have the 7% Online RS as well as the 5.5% RS?
The Online RS T's&C's say:- "Only one Online Regular Rainy-Day Saver Account (any issue) can be held per person."

Yes you can only have one or the other. The 5.5% was also Online Regular Rainy Day Saver Account (i.e. it was Issue 3) and the 7% one is Issue 4.

clivep

chris_the_bee said:

Aidanmc said:

surreysaver said:

Kim_13 said:

surreysaver said:

Aidanmc said:

Going to have to dip in to my 5.5% RS's to fund higher interest ones next month.
My current 5.5's are RBS (max), Natwest (3k), Halifax, Progressive and recently opened Manchester.
Does it really matter which one i start with?

Start with NatWest and RBS, as they're really 5.37% (the 5.5% is the AER, not the gross) as the interest is paid monthly 

The NatWest is 5.5% as it isn't full and interest is compounding. Wouldn't RBS be a little above 5.5% provided the poster is drawing out the interest each month and paying it into an account paying more than 5.5%, or 5.5% if the interest goes into Manchester for example and earns 5.5% there?

I get that, but if money is going to begin to be removed, then it won't be compounding enough to reach 5.5%. If it was going to be left to reach £5k, then I would agree, but if the poster is looking at removing funds, and all else being equal, I would start with those that pay interest monthly, as the gross is lower.
There may be other variables to take into account, such as fixed rates, which tax year interest is going to be paid etc

Will probably have to raid all the 5.5's before end of the year. Currently have 18 RS's 6%+
Will start with Progressive as i can't have the 7% one 

Progressive
Does that mean you cannot have the 7% Online RS as well as the 5.5% RS?
The Online RS T's&C's say:- "Only one Online Regular Rainy-Day Saver Account (any issue) can be held per person."

Correct, and annoyingly the 5.5% one can't be closed to allow the 7% one to be opened.

Newly_retired

Despite the Monument website crashing I have had an email telling me my account is open, so my final choice of password must have been acceptable.  No time to check online yet.

csw5780

bristolleedsfan said:

Newcastle BS -  two profiles-  I sent secure message asking for profiles to be merged, reply told me to phone and they be happy to help.   

Turns out I now have a second login id. Maybe I used different security questions or nominated accounts as there is a message to validate 🙄

😈 does this open the door to a second account…..

bristolleedsfan

csw5780 said:

bristolleedsfan said:

Newcastle BS -  two profiles-  I sent secure message asking for profiles to be merged, reply told me to phone and they be happy to help.   

Turns out I now have a second login id. Maybe I used different security questions or nominated accounts as there is a message to validate 🙄

😈 does this open the door to a second account…..

I registered using exactly same details/nominated account as original NBS profile, I will not be phoning to have profiles merged. 

clivep

bristolleedsfan said:

csw5780 said:

bristolleedsfan said:

Newcastle BS -  two profiles-  I sent secure message asking for profiles to be merged, reply told me to phone and they be happy to help.   

Turns out I now have a second login id. Maybe I used different security questions or nominated accounts as there is a message to validate 🙄

😈 does this open the door to a second account…..

I registered using exactly same details/nominated account as original NBS profile, I will not be phoning to have profiles merged. 

Newcastle BS:

Ditto...

I have sent a secure message asking the profiles to be merged but I won't bother if they say I need to phone them.

Update...

Secure message reply to my secure message, informing me that the profiles will be merged within 5-7 working days.

Also, email confirming my deposit receipt.

friolento

csw5780 said:

friolento said:

10_66 said:

BestSeagull said:

10_66 said:

Newcastle Monument
I applied online (not app) as new customer but the new account isn't showing when I log on.  Did those that can already see the new account apply via online or app, please?  I did receive an email saying application received.

I thought I'd wait a while before replying as it hadn't been long since I applied when I read your post but it's been nearly 12 hours now and mine has still not appeared. 

Just checked mine again this morning and it's still missing too.  Considering there's only one way of applying for it online, I wonder why this appears to have failed.

10_66 said:

BestSeagull said:

10_66 said:

Newcastle Monument
I applied online (not app) as new customer but the new account isn't showing when I log on.  Did those that can already see the new account apply via online or app, please?  I did receive an email saying application received.

I thought I'd wait a while before replying as it hadn't been long since I applied when I read your post but it's been nearly 12 hours now and mine has still not appeared. 

Just checked mine again this morning and it's still missing too.  Considering there's only one way of applying for it online, I wonder why this appears to have failed.

Mine’s still missing, too

Newcastle BS

It seems you have two profiles?

No I don't have two profiles. Matter resolved now - for some unexplained reason, my application was held up and  appeared to need manual intervention at the Newcastle end. May be the reason was that their system crashed at the very end of my application. I didn't call them but the Monument RS is now showing and my first deposit is showing.