The Top Regular Savers Discussion Thread

Born2Save_3

Principality BS - Current Maturity Options

Has anyone been able to specify opening and funding a Christmas 2026 Regular Saver as a maturity option for any maturing RS ?  Is the Xmas 2026 RS listed online as a maturity option ? If so, what was the outcome ? Was a message generated ?  Did you transfer the remainder of cash externally ?

Thanks in advance

Born2Save_3

Loughborough BS 5 Year Retirement Saver - Letter on incorrect interest payment.

Thanks to :

Kim_13
exel1966
clairec666
Essex123

and anyone else who replied.  You gave some good information and advice.

Born2Save_3

HEBS Issues

This thread is from a couple of years ago, but the same issues raised here are discussed there.  Not sure if it is still appropriate.

https://forums.moneysavingexpert.com/discussion/6492987/help-hanley-economic-bs/p1

Growingold

Born2Save_3 said:

Hanley Economic BS 1Yr Online Smart Saver: Transfer To Date and Time and Credit Date

I opened my account without issue on 21/10 and did the full transfer, faster payment, at 17:46 on the same day.  After a phone call to HEBS I would have expected that transfer to be included in the 21/10 batch of transactions and provided by Lloyds to HEBS early on 22/10.  I don't know if it actually was.  Anyway the credit appeared on my account on 23/10 with the same credit date, 23/10. 

So I think with any faster payment transfer to HEBS, best to do it (very) early in the day and do not expect it to be credited till the following day.  Which makes me think, should I do future transfers on the last day of the month ?  Also what would be the best way to manage 1st of month/end of month even on non banking days.

In the above situation, I lost 2 days at 4.55%A for £300.

Do card payments have the same credit date in the account as the date of transaction ?  I could do this from an overdraft, so I don't have the cash sitting in a current account.

Yes Debit card payments have the same credit date as the date of transaction.  I tested both these and faster payments (done very early in the day even)  As someone else said faster payments go through LLoyds and so not until next day at earliest which was confirmed by my experience whereas DC payments practically instant.  For me going forward DC wins the day.

Aidanmc

Growingold said:

Born2Save_3 said:

Hanley Economic BS 1Yr Online Smart Saver: Transfer To Date and Time and Credit Date

I opened my account without issue on 21/10 and did the full transfer, faster payment, at 17:46 on the same day.  After a phone call to HEBS I would have expected that transfer to be included in the 21/10 batch of transactions and provided by Lloyds to HEBS early on 22/10.  I don't know if it actually was.  Anyway the credit appeared on my account on 23/10 with the same credit date, 23/10. 

So I think with any faster payment transfer to HEBS, best to do it (very) early in the day and do not expect it to be credited till the following day.  Which makes me think, should I do future transfers on the last day of the month ?  Also what would be the best way to manage 1st of month/end of month even on non banking days.

In the above situation, I lost 2 days at 4.55%A for £300.

Do card payments have the same credit date in the account as the date of transaction ?  I could do this from an overdraft, so I don't have the cash sitting in a current account.

Yes Debit card payments have the same credit date as the date of transaction.  I tested both these and faster payments (done very early in the day even)  As someone else said faster payments go through LLoyds and so not until next day at earliest which was confirmed by my experience whereas DC payments practically instant.  For me going forward DC wins the day.

Would this only apply to working days?

bristolleedsfan

Growingold said:

Born2Save_3 said:

Hanley Economic BS 1Yr Online Smart Saver: Transfer To Date and Time and Credit Date

I opened my account without issue on 21/10 and did the full transfer, faster payment, at 17:46 on the same day.  After a phone call to HEBS I would have expected that transfer to be included in the 21/10 batch of transactions and provided by Lloyds to HEBS early on 22/10.  I don't know if it actually was.  Anyway the credit appeared on my account on 23/10 with the same credit date, 23/10. 

So I think with any faster payment transfer to HEBS, best to do it (very) early in the day and do not expect it to be credited till the following day.  Which makes me think, should I do future transfers on the last day of the month ?  Also what would be the best way to manage 1st of month/end of month even on non banking days.

In the above situation, I lost 2 days at 4.55%A for £300.

Do card payments have the same credit date in the account as the date of transaction ?  I could do this from an overdraft, so I don't have the cash sitting in a current account.

Yes Debit card payments have the same credit date as the date of transaction.  I tested both these and faster payments (done very early in the day even)  As someone else said faster payments go through LLoyds and so not until next day at earliest which was confirmed by my experience whereas DC payments practically instant.  For me going forward DC wins the day.

Taken from Skipton BS, maybe typical   "Interest from debit card payments will start to accrue on the second working day after the deposit was made"

csw5780

bristolleedsfan said:

Growingold said:

Born2Save_3 said:

Hanley Economic BS 1Yr Online Smart Saver: Transfer To Date and Time and Credit Date

I opened my account without issue on 21/10 and did the full transfer, faster payment, at 17:46 on the same day.  After a phone call to HEBS I would have expected that transfer to be included in the 21/10 batch of transactions and provided by Lloyds to HEBS early on 22/10.  I don't know if it actually was.  Anyway the credit appeared on my account on 23/10 with the same credit date, 23/10. 

So I think with any faster payment transfer to HEBS, best to do it (very) early in the day and do not expect it to be credited till the following day.  Which makes me think, should I do future transfers on the last day of the month ?  Also what would be the best way to manage 1st of month/end of month even on non banking days.

In the above situation, I lost 2 days at 4.55%A for £300.

Do card payments have the same credit date in the account as the date of transaction ?  I could do this from an overdraft, so I don't have the cash sitting in a current account.

Yes Debit card payments have the same credit date as the date of transaction.  I tested both these and faster payments (done very early in the day even)  As someone else said faster payments go through LLoyds and so not until next day at earliest which was confirmed by my experience whereas DC payments practically instant.  For me going forward DC wins the day.

Taken from Skipton BS, maybe typical   "Interest from debit card payments will start to accrue on the second working day after the deposit was made"

From HEBS Ts&Cs:

flaneurs_lobster

bristolleedsfan said:

Growingold said:

Born2Save_3 said:

Hanley Economic BS 1Yr Online Smart Saver: Transfer To Date and Time and Credit Date

I opened my account without issue on 21/10 and did the full transfer, faster payment, at 17:46 on the same day.  After a phone call to HEBS I would have expected that transfer to be included in the 21/10 batch of transactions and provided by Lloyds to HEBS early on 22/10.  I don't know if it actually was.  Anyway the credit appeared on my account on 23/10 with the same credit date, 23/10. 

So I think with any faster payment transfer to HEBS, best to do it (very) early in the day and do not expect it to be credited till the following day.  Which makes me think, should I do future transfers on the last day of the month ?  Also what would be the best way to manage 1st of month/end of month even on non banking days.

In the above situation, I lost 2 days at 4.55%A for £300.

Do card payments have the same credit date in the account as the date of transaction ?  I could do this from an overdraft, so I don't have the cash sitting in a current account.

Yes Debit card payments have the same credit date as the date of transaction.  I tested both these and faster payments (done very early in the day even)  As someone else said faster payments go through LLoyds and so not until next day at earliest which was confirmed by my experience whereas DC payments practically instant.  For me going forward DC wins the day.

Taken from Skipton BS, maybe typical   "Interest from debit card payments will start to accrue on the second working day after the deposit was made"

Going to be down to how the credited institution treats DC payments (obviously). The funds will not actually credit the institution's account for 2 working days (the payment will show on your current account as "pending") but many choose to treat such payments in the same way as retailers do - the payment is as good as cash and credit your account immediately. 

Such payments are rightly very hard to revoke.

where_are_we

kaysdee said:

You can make the deposit straight away. The account activation is just for withdrawing funds. I made the deposits immediately for both the Manchester RS and Newcastle RS and activated the nominated accounts for each when the respective letters arrived. 

Manchester RS - I posted my application plus opening cheque deposit for £500 dated 4/10 along with ID and proof of address documents. Received documents back in post ok and eventually got online stuff sorted including activating nominated accounts. At the beginning of this week sent a another secure message asking why my cheque had not been deposited and still no reply. Balance showing as 0. I am not impressed.
I am reluctant to now make a faster payment deposit so that when the cheque is eventually processed I will have made a double deposit.

mhoc

Question regarding Newcastle regular saver please.

My reg saver matured yesterday so I logged on today and the interest was added today 25th.
I opened a new regular saver which showed on the list of accounts straight away.
Then I did an transfer from the matured reg saver to fund the new reg saver and the Monument.
Even though it was an internal transfer these top up amounts are not showing.

Then I closed the old reg saver which is still showing the full total even though I've moved money out of it.

Logged off and logged on to see if the transfers showed and they didnt 

Assume it will be Monday before the account updates again???
 Its just odd that the new account is on the list straight away but not the transfers.