The Top Regular Savers Discussion Thread

jameseonline

Cobbler_tone said:

Current regular savers I use, what am I missing as a new customer that is worth the while?

Zopa: 7.5% AER £300 PM
Nationwide: 6.5% £200 PM
Santander: 5% £200 PM
Nat West: 6.17% AER £150 PM

The rest in Gatehouse 4.65% AER

You should really be looking at 1st page but consider RBS in addition to your NatWest, Club Lloyds, standard Lloyds, First Direct, CO OP, Santander Edge Saver, TSB, Principality, BOS & Halifax, basically anything over 5% is good & ones you can take money out of without penalties.

gt94sss2

Cobbler_tone said:

The rest in Gatehouse 4.65% AER

Others have responded to the rest of your post, but just on this.. if you are taking about the Gatehouse easy access account, it pays 4.75% AER not 4.65%

Cobbler_tone

gt94sss2 said:

Cobbler_tone said:

The rest in Gatehouse 4.65% AER

Others have responded to the rest of your post, but just on this.. if you are taking about the Gatehouse easy access account, it pays 4.75% AER not 4.65%

I just jotted down what my app says "4.65% Gross p.a/AER"

Cobbler_tone

jameseonline said:

Cobbler_tone said:

Current regular savers I use, what am I missing as a new customer that is worth the while?

Zopa: 7.5% AER £300 PM
Nationwide: 6.5% £200 PM
Santander: 5% £200 PM
Nat West: 6.17% AER £150 PM

The rest in Gatehouse 4.65% AER

You should really be looking at 1st page but consider RBS in addition to your NatWest, Club Lloyds, standard Lloyds, First Direct, CO OP, Santander Edge Saver, TSB, Principality, BOS & Halifax, basically anything over 5% is good & ones you can take money out of without penalties.

Thank you. I think I am done with new accounts for now. 7 including Chase and a CC is enough for me to flick through. The Santander Edge Saver did get my interest (as I already have the RS) but then saw the monthly fee. Ultimately beyond these RS's and my Gatehouse account they can take what I can invest with ISA season starting soon too.

My favourite account and platform is still Chase (a first issue member), who I use for my current account. I just hope they launch some more attractive products soon.

CricketLady

Just a quick thank you for the many of you on this forum who gave me the advice regarding making a thirteenth payment on regular savers and also to make my payments as early in the month as possible - my TSB 6% matured today (29th January) and because I changed my standing order date to the 2nd of each month after my initial payment went out at the end of January last year, then made a thirteenth payment in early January this year, I've amassed almost £111, which is much more than the £80ish I was expecting. 

Where possible I've done this for other regular savers I have, it really does seem worthwhile sliding in that extra thirteenth payment, and whilst I was able to instantly set up another TSB regular saver for my first standing order payment to be taken tomorrow, I will obviously change it to the 2nd of the month once it's gone.

Have a great Wednesday, everyone!

jaypers

CricketLady said:

Just a quick thank you for the many of you on this forum who gave me the advice regarding making a thirteenth payment on regular savers and also to make my payments as early in the month as possible - my TSB 6% matured today (29th January) and because I changed my standing order date to the 2nd of each month after my initial payment went out at the end of January last year, then made a thirteenth payment in early January this year, I've amassed almost £111, which is much more than the £80ish I was expecting. 

Where possible I've done this for other regular savers I have, it really does seem worthwhile sliding in that extra thirteenth payment, and whilst I was able to instantly set up another TSB regular saver for my first standing order payment to be taken tomorrow, I will obviously change it to the 2nd of the month once it's gone.

Have a great Wednesday, everyone!

That’s interesting as TSB state that £3k is the max that can be paid in. So they definitely accepted the extra £250? Reason I ask is that mine matures on 28th Feb and there is £3k in there as of yesterday. 

soulsaver

Off topic, but:

£250/100X6.00 /365 x 28 = £1.15... But bear in mind even if you're not trying very hard you'll be getting 4.50% elsewhere, so

£250/100X1.5 /365 x 28 = £0.19 better off for the 13th payment... not c.£30

allegro120

jaypers said:

CricketLady said:

Just a quick thank you for the many of you on this forum who gave me the advice regarding making a thirteenth payment on regular savers and also to make my payments as early in the month as possible - my TSB 6% matured today (29th January) and because I changed my standing order date to the 2nd of each month after my initial payment went out at the end of January last year, then made a thirteenth payment in early January this year, I've amassed almost £111, which is much more than the £80ish I was expecting. 

Where possible I've done this for other regular savers I have, it really does seem worthwhile sliding in that extra thirteenth payment, and whilst I was able to instantly set up another TSB regular saver for my first standing order payment to be taken tomorrow, I will obviously change it to the 2nd of the month once it's gone.

Have a great Wednesday, everyone!

That’s interesting as TSB state that £3k is the max that can be paid in. So they definitely accepted the extra £250? Reason I ask is that mine matures on 28th Feb and there is £3k in there as of yesterday. 

TSB 
I could have made my 13th payment this month, but I didn't because my notes (made a few years ago) tell me that there is £3k limit.  I've just opened a new one this morning, downloaded t&c and cant see any limits there.  Also looked at t&c from last year, they are identical (no £3k limit mentioned).  Could anyone point out at where does it say about £3000 limit please?

flaneurs_lobster

allegro120 said:

jaypers said:

CricketLady said:

Just a quick thank you for the many of you on this forum who gave me the advice regarding making a thirteenth payment on regular savers and also to make my payments as early in the month as possible - my TSB 6% matured today (29th January) and because I changed my standing order date to the 2nd of each month after my initial payment went out at the end of January last year, then made a thirteenth payment in early January this year, I've amassed almost £111, which is much more than the £80ish I was expecting. 

Where possible I've done this for other regular savers I have, it really does seem worthwhile sliding in that extra thirteenth payment, and whilst I was able to instantly set up another TSB regular saver for my first standing order payment to be taken tomorrow, I will obviously change it to the 2nd of the month once it's gone.

Have a great Wednesday, everyone!

That’s interesting as TSB state that £3k is the max that can be paid in. So they definitely accepted the extra £250? Reason I ask is that mine matures on 28th Feb and there is £3k in there as of yesterday. 

TSB 
I could have made my 13th payment this month, but I didn't because my notes (made a few years ago) tell me that there is £3k limit.  I've just opened a new one this morning, downloaded t&c and cant see any limits there.  Also looked at t&c from last year, they are identical (no £3k limit mentioned).  Could anyone point out at where does it say about £3000 limit please?

This is from the current Monthly Saver Summary Box

You must set up a monthly standing order between £25 and up to £250 from a TSB current account.
You can only make one payment each month into your account.
£3,000 is the maximum that can be paid into your Monthly Saver.

Given that they don't enforce the SO from the current account rule I guess it's also possible the £3k rule policing is equally lax.

PloughmansLunch

flaneurs_lobster said:

allegro120 said:

jaypers said:

CricketLady said:

Just a quick thank you for the many of you on this forum who gave me the advice regarding making a thirteenth payment on regular savers and also to make my payments as early in the month as possible - my TSB 6% matured today (29th January) and because I changed my standing order date to the 2nd of each month after my initial payment went out at the end of January last year, then made a thirteenth payment in early January this year, I've amassed almost £111, which is much more than the £80ish I was expecting. 

Where possible I've done this for other regular savers I have, it really does seem worthwhile sliding in that extra thirteenth payment, and whilst I was able to instantly set up another TSB regular saver for my first standing order payment to be taken tomorrow, I will obviously change it to the 2nd of the month once it's gone.

Have a great Wednesday, everyone!

That’s interesting as TSB state that £3k is the max that can be paid in. So they definitely accepted the extra £250? Reason I ask is that mine matures on 28th Feb and there is £3k in there as of yesterday. 

TSB 
I could have made my 13th payment this month, but I didn't because my notes (made a few years ago) tell me that there is £3k limit.  I've just opened a new one this morning, downloaded t&c and cant see any limits there.  Also looked at t&c from last year, they are identical (no £3k limit mentioned).  Could anyone point out at where does it say about £3000 limit please?

This is from the current Monthly Saver Summary Box

You must set up a monthly standing order between £25 and up to £250 from a TSB current account.
You can only make one payment each month into your account.
£3,000 is the maximum that can be paid into your Monthly Saver.

Given that they don't enforce the SO from the current account rule I guess it's also possible the £3k rule policing is equally lax.

I've checked my TSB Easy Saver which in a past life (2024) was a regular saver - 13 payments in and ~£108 interest