The Top Regular Savers Discussion Thread

Stargunner

OrangeBlueGreen said:

Scottish BS

How quickly/slowly did your welcome letter and passbooks arrive? My account has been open for a couple of weeks and don't really want to contact them if it's normal.

I applied online last Monday and also posted my cheque 1st class the same day. Received the welcome pack and passbook on Saturday and the deposit was dated last Tuesday in the passbook.

refluxer

Slinky said:

Slightly off topic, but I'm sure this will be relevant to others, I've just started using Zopa with their 4.75% account as my holding account for funds waiting to go into my RS. Previously using Chase. Can anyone tell me whether they process 5 figure transfers promptly to, in my case, Santander, where my standing orders are set up from? I usually do a manual transfer from the holding account the day before payments are due.

When I first opened a Zopa Smart Saver account (back in 2022), withdrawals from an Access pot to my high-street bank current account took around 15-20 minutes but a year or so later, they were more-or-less instant (took less than a minute). 

chris_the_bee

veggieblob said:

chris_the_bee said:

judgingjudy said:

chris_the_bee said:

Bank of Scotland
Anyone had any luck opening  the Monthly Saver?
I keep getting "Something went wrong" message.
Tried since Thursday

They have quite stringent rules about opening a new account if you have previously had one which you've closed early; is this the case?  I've had some problems with them in the past where I closed one about 7/8 months early to "refresh" it, as I've heard people calling it on here; I wasn't able to open a new one for a while, about 4/5 months if I remember correctly.

Although they're the same banking group as Halifax and Lloyds, they don't operate in the same way, as the patronising customer service person took great delight in telling me!

No, it matured Thursday 23rd October, but thanks.

Did you make a payment into the account in October?  If so it may be a case of the max into a RS per month?

No payment made in October. Still no luck. I will phone them shortly.

chris_the_bee

Confused_Dog said:

No, it lets me apply for other accounts OK. Looks like a phone call on Monday if it still doesn't play ball then.nderLloyds/Halifax/Bank of Scotland all had issues with their IT systems last week and they were caught up in the Amazon/AWS server problems.  It is a fresh week so will it let you reapply this morning?

If it doesn't I'd be seriously tempted to look at an account with another provider given there are a number of accounts currently available paying more than 5%.

No luck yet. I will phone them shortly.

allegro120

Slinky said:

Slightly off topic, but I'm sure this will be relevant to others, I've just started using Zopa with their 4.75% account as my holding account for funds waiting to go into my RS. Previously using Chase. Can anyone tell me whether they process 5 figure transfers promptly to, in my case, Santander, where my standing orders are set up from? I usually do a manual transfer from the holding account the day before payments are due.

Transfers from Zopa to Santander should be instant.

friolento

Slinky said:

Slightly off topic, but I'm sure this will be relevant to others, I've just started using Zopa with their 4.75% account as my holding account for funds waiting to go into my RS. Previously using Chase. Can anyone tell me whether they process 5 figure transfers promptly to, in my case, Santander, where my standing orders are set up from? I usually do a manual transfer from the holding account the day before payments are due.

Definitely off topic, particularly so because there is a Zopa savings thread 
https://forums.moneysavingexpert.com/discussion/6635599/zopa-savings-pots

chris_the_bee

Hanley Economic
Their website states max 2 withdrawals per tax year, but 1 year Online Smart Saver (TAR10) T's&C's sheet sent with welcome letter states max 2 per Society year. CS have confirmed the website is correct and T's&C's sheet will be corrected.

ChewyyBacca

chris_the_bee said:

Hanley Economic
Their website states max 2 withdrawals per tax year, but 1 year Online Smart Saver (TAR10) T's&C's sheet sent with welcome letter states max 2 per Society year. CS have confirmed the website is correct and T's&C's sheet will be corrected.

What is Hanley's Society year? Calendar year or something unique?

Kim_13

ChewyyBacca said:

chris_the_bee said:

Hanley Economic
Their website states max 2 withdrawals per tax year, but 1 year Online Smart Saver (TAR10) T's&C's sheet sent with welcome letter states max 2 per Society year. CS have confirmed the website is correct and T's&C's sheet will be corrected.

What is Hanley's Society year? Calendar year or something unique?

1st September to 31st August (on which they pay out interest mid term.)

As the website said 2 per tax year, they would have had to make the change as that is more favourable to the consumer (4 withdrawals over the account term if timed right rather than 2.)

chris_the_bee

1st September to 31st August. But see above as it is irrelevant to the account.