The Top Regular Savers Discussion Thread

jameseonline

Born2Save_3 said:

After doing a number of RS funding transfers, is your bank/building society forcing you to go through further security to complete each transfer ?

I fund most of my RS with manual faster payments with Nationwide.  After doing around 30 transfers now, I have to verify most of the following transfers using a card and the card reader calculator type device.  I find this a complete PITA, it slows me down significantly and I lose the rhythm.  My process involves taking screen shots before and after each transfer and before I do the transfer I double check the account number and amount with my list.

I haven't spoken to Nationwide about this, but I suspect if I did I'll get some fob off answer about security procedures.  I can sort of understand that, however it would be nice if I could some how turn on a higher number of transfers I can do, do them, then turn off and go back to normal.  Bit like self defined transfer limits with some banks and accounts.

What would be really good is to be able to have complete faster payments transfers set up and ready to go.  This would include all the payee details and an amount of money.  Then I can just select and transfer.  No need to enter amounts. Also I control when the transfer happens.

Any suggestions / comments ?  I don't really want to use standing orders because of their unpredictability and other issues.

I imagine any bank etc would be doing extra checks if you doing so many transfers in a short time period, in terms of Nationwide have you tried to get the card reader thing removed?, as far as I know you can get it removed and do things purely through app in theory.

However you need the card reader in the 1st place which I don't think I have due to moving a few times.

I do transfers from my Virgin account and majority of the time I have no issues but ANY change in behaviour can trigger extra checks or even get you accounts blocked and you trying to prove who you are multiple times before blocks are removed.

All I can further suggest is you don't do everything through Nationwide otherwise you'll have to keep putting up with the delays, I certainly don't fund anywhere near 30 regular savers at the start of every month which is why I probably don't get issues generally speaking 

luci

s71hj said:

luci said:

The hospital scenario is a valid one and much more likely than being hit by a bus.

I was hospitalised in Tenerife for 2 weeks in January totally out of the blue. I was grateful that all my bill payments and transfers were automated and it was one less thing to worry about.

The other side of that coin is if automation is from an account that requires money putting in it to cover the payments though. If I don't put the money into Santander before tomorrow due to say hospitalisation I'll have £15000 of overdraft fee / failed standing order transactions

I know I have enough incoming each month to cover my outgoings, but I appreciate that I'm not cycling large amounts of money for RSs.

masonic said:

Plus, if you are in such a situation and need funds to cover immediate medical expenses or a medical evacuation, you might be glad of the money remaining somewhere readily accessible.

I did need a 4000 euro deposit on admission to hospital, which I used a credit card for. The travel insurance company picked up all ongoing expenses within a few days.

jameseonline

topyam said:

Do you all wait to add £ until the first working day, or just add on the 1st of the month (for those accounts which don't recognise non working days?)

I fund on 1st day of the month regardless, it's habit, really cba to workout what day of the week is a working day, then remember to fund it on a working day, as long as the money is sent, job done until next month 

jameseonline

clairec666 said:

Quick Principality question - I submitted my maturity instructions, but there doesn't appear to be a way of going back and editing/checking them. Having a bit of a panic that I've opted to send the funds to a current account that doesn't exist any more... Does anyone remember, when you choose option 4 and choose which external account to send to, does it automatically suggest your linked current account, or do you have to input the sort code and account number manually?

Thanks everyone

I'm pretty sure I had to put it in manually, get it verified etc, I selected option 2 though.

As you can't edit instructions online by default all I can suggest is calling them &/or secure message.

jameseonline

friolento said:

clairec666 said:

Quick Principality question - I submitted my maturity instructions, but there doesn't appear to be a way of going back and editing/checking them. Having a bit of a panic that I've opted to send the funds to a current account that doesn't exist any more... Does anyone remember, when you choose option 4 and choose which external account to send to, does it automatically suggest your linked current account, or do you have to input the sort code and account number manually?

Thanks everyone

IIRC, they COP-check the external account, don’t they?

If you CASS-switched the external account, your money will still arrive with you, as it gets redirected to an existing account (unless you closed it…)

If in doubt, call Principality and get your instructions changed 

That's a good point 

mon3ysav3r

I use NatWest to make most of my Regular Saver payments. Yesterday on the 1st I made 15 payments ranging from 150 quid to 1200 to various banks and building societies, and I transferred 5 lots of money into the account from various other banks to pay for the above payments.

Because they were existing payees I did not have to use any form of multi-factor authentication (card reader or sms text message). From a convenience point of view that is a great and really quick to do as you just click the make another payment button, all the accounts are in my name.

I hadn't even thought that funding our regular savers could look suspicious, until now that is. 

ChewyyBacca

Weekend deposits in Darlington BS
The first page says for Darlington, Deposits on non-working days: Treated as having been received the same day.

I transferred today around 1:30 pm, no credit in Reg Saver as of 7 pm.
Is there a specific cut off time say 1 pm that I missed or the credit will be reflected online tomorrow on monday, but the interest payment will start from sunday (today)?

SJMALBA

ChewyyBacca said:

Weekend deposits in Darlington BS
The first page says for Darlington, Deposits on non-working days: Treated as having been received the same day.

I transferred today around 1:30 pm, no credit in Reg Saver as of 7 pm.
Is there a specific cut off time say 1 pm that I missed or the credit will be reflected online tomorrow on monday, but the interest payment will start from sunday (today)?

FWIW, I sent mine yesterday morning, and it was showing when I checked yesterday evening.

Bridlington1

ChewyyBacca said:

Weekend deposits in Darlington BS
The first page says for Darlington, Deposits on non-working days: Treated as having been received the same day.

I transferred today around 1:30 pm, no credit in Reg Saver as of 7 pm.
Is there a specific cut off time say 1 pm that I missed or the credit will be reflected online tomorrow on monday, but the interest payment will start from sunday (today)?

I made a payment into Darlington BS yesterday morning and the payment shows in my account dated 1/11/25.

I've never bothered to check Darlington's online banking so soon after making a faster payment to it but I made a payment into their RS issue 1 on the evening of 12th August and the payment shows as dated 12/8/25 in Darlington's online banking but as having left on 13/8/25 in Ulster (account I sent it from) so would assume your payment'll show at some point tomorrow but dated today.

surreysaver

Bigwheels1111 said:

I like to try and open reg savers on the last day of the month if possible.
So that I can max out its potential, like with Monmouthshire £500 & £1000 reg savers.
Open 3 months and a day but have £2000 & £4000 in them.
So I should get max interest for almost 2 months at the end.
With principality I’m adding a seventh payment, as a few have commented that it gets accepted.
I funded 5 reg savers manually at 12.01 am today before I went to sleep.
I would like to say it was for a few extra pennies , but to be truthful I could not be bothered to set up the DD 
last month on 3 of them. Plus my principality Xmas saver changed to an issue 4 and opened a new Xmas saver.
By 12.15am they were all funded and DD were in place.
A grand total of 22 fully funded each reg savers now.
Takes £5600 to fund them all, one of two mature every month which helps with that.
My reserves are almost depleted now so I think my addiction must end for a while.

I previously opened mine towards the end of the month (and spaced them out so they mature at regular intervals), but have been caught out a couple of times when regular savers have been withdrawn and I've lost out.
These days I open them when they become available, but try to avoid opening to prevent them maturing on a Friday/Weekend, so save the issue of money sitting around on non-working days earning next to nothing