The Top Regular Savers Discussion Thread

francoghezzi

SCOTTISH BUILDING SOCIETY SO
Just had a chat with a nice lady at the Scottish BS regarding the timing to update the online banking with the standing orders from nominated bank accounts or other institutions. It looks that is normally taking 48 hours. So for those still wondering if their money sent last week-end or during Sunday night safely landed the best advice is to check the on line portal at some point today and remember this quite slow process for the months to come (and brace yourselves when it comes to the deposit on the first of January )

CricketLady

Good morning all,

I need to withdraw £3000 from my Halifax regular saver which is due to mature on the 11th (Tuesday) as I have a big bill to pay today.  I managed to withdraw £3000 from my Bank of Scotland (well, £2999, I left £1 in for the interest to have something to "stick to" when it gets added on at maturity, also on Tuesday) but with my Halifax I only have the option to RENEW.  

If I renew does that mean I'll be able to get my cash out and start again with another £250 or will that £3000 stay in the account until 11th November 2026?  

I definitely need this cash and can't wait till Tuesday so is there a better way to access the £3k?

Sorry for silly question but CricketLady has definitely reached a certain age!

And sending you all lots of love xx

francoghezzi

CricketLady said:

Good morning all,

I need to withdraw £3000 from my Halifax regular saver which is due to mature on the 11th (Monday) as I have a big bill to pay today.  I managed to withdraw £3000 from my Bank of Scotland (well, £2999, I left £1 in for the interest to have something to "stick to" when it gets added on at maturity, also on Monday) but with my Halifax I only have the option to RENEW.  

If I renew does that mean I'll be able to get my cash out and start again with another £250 or will that £3000 stay in the account until 11th November 2026?  

I definitely need this cash and can't wait till Monday so is there a better way to access the £3k?

Sorry for silly question but CricketLady has definitely reached a certain age!

And sending you all lots of love xx

It works exactly like Lloyds. Do not close it, just renew it choosing between the savings accounts with low interests rates, then take your money and interests accrued to today, close immediately the new account with a lower interest and re-open the regular saver 5.5% that will re-appear between your options clicking on the apply button. I have done it on 31/10 so as to be able to deposit twice in 24 hours starting again the RS

Kim_13

francoghezzi said:

SCOTTISH BUILDING SOCIETY SO
Just had a chat with a nice lady at the Scottish BS regarding the timing to update the online banking with the standing orders from nominated bank accounts. It looks that is normally taking 48 hours. So for those still wondering if their money sent last week-end or during Sunday night safely landed the best advice is to check the on line portal at some point today and remember this quite slow process for the months to come (and brace yourselves when it comes to the deposit on the first of January :-) )

You mentioned nominated accounts, but I wasn’t aware that funds had to come from the nominated account? I nominated the account the cheque came from as I thought that would be easier but would rather pay in from another account going forward if possible.

Speculator

Kim_13 said:

francoghezzi said:

SCOTTISH BUILDING SOCIETY SO
Just had a chat with a nice lady at the Scottish BS regarding the timing to update the online banking with the standing orders from nominated bank accounts. It looks that is normally taking 48 hours. So for those still wondering if their money sent last week-end or during Sunday night safely landed the best advice is to check the on line portal at some point today and remember this quite slow process for the months to come (and brace yourselves when it comes to the deposit on the first of January :-) )

You mentioned nominated accounts, but I wasn’t aware that funds had to come from the nominated account? I nominated the account the cheque came from as I thought that would be easier but would rather pay in from another account going forward if possible.

can't see anything in the T&Cs to say it must come from your nominated account.

francoghezzi

Kim_13 said:

francoghezzi said:

SCOTTISH BUILDING SOCIETY SO
Just had a chat with a nice lady at the Scottish BS regarding the timing to update the online banking with the standing orders from nominated bank accounts. It looks that is normally taking 48 hours. So for those still wondering if their money sent last week-end or during Sunday night safely landed the best advice is to check the on line portal at some point today and remember this quite slow process for the months to come (and brace yourselves when it comes to the deposit on the first of January :-) )

You mentioned nominated accounts, but I wasn’t aware that funds had to come from the nominated account? I nominated the account the cheque came from as I thought that would be easier but would rather pay in from another account going forward if possible.

I prefer to pay from the nominated account in order to avoid any problems and because, frankly, I don't remember which BS accept payments even from other sources. So I prefer the easy way, but it is just personal. I edited my post to make sure that this is clearer . Wherever your money comes from the on line banking should be updated at some point today

GetRichOrDieSaving

Hal17 said:

GetRichOrDieSaving said:

Born2Save_3 said:

GetRichOrDieSaving said:

My Gatehouse RS Issue 2 has been credited with interest ahead of maturity tomorrow (04.11.25) and I have instructed a full balance transfer to my nominated account. 

Mines maturing on 5/11/25 and I've just taken a look, to see if there are any maturity options/instructions.  I couldn't see any thing like that, so I'm just wondering how you gave instructions ?  Was it a future dated transfer or did you send a message or something else ?

Sadly nothing to replace the issue 2.  As I recall the issue 2 wasn't available for that long and there hasn't been anything RS shaped since from Gatehouse.  I had a look at new accounts and no RS or actually anything that outstanding.

I was able to arrange a transfer via the app dated for tomorrow. You should be able to do the same tomorrow for your account maturing 05/11/25 I’d imagine. 

Thank you for the update. Mine matured today and when I logged in to transfer the funds you could not actual nominate an account to transfer from. I did as you suggested and downloaded the App. 

That allowed me to complete a transfer and the funds will be in my nominated account tomorrow. 

No problem at all. I logged back into my app this morning and the account is gone, so assume all is being taken care of and the money will hit my nominated account within the next 24hrs. 

Bigwheels1111

I pay 22 reg savers all from one bank account.
For two reasons.
One, easiest way to do it.
Two, I then know where to complain when it goes wrong.
To be honest I’ve had no issues with standing order payments.

where_are_we

soulsaver said:

Just watch out for Chorley BS maturity process on their RSs.

Goes to an EA maturity account. Tried to withdraw all the funds in there Friday.

Their system tells you that the w/d request has been submitted and they'll be in touch.

Took them until Monday morning to tell they've rejected the transaction as it would take the balance below the min of £25. I should use the 'close account' option to w/d all the balance.

So miffed, I do. "..the w/d request has been submitted and they'll be in touch." Again.

Still no sign of the money - only 4 days later......

Yes I know there's a w.e... it's in the terms (probably)... Great customer experience? 

You are not the only one waiting on Chorley RS maturity funds. Closed matured RS on Friday. It`s now Tuesday and money has not appeared.
I should have withdrawn all funds leaving £25 and then closed account.

BestSeagull

flaneurs_lobster said:

wmb194 said:

Aidanmc said:

Hanley BS RS
Any idea what the little asterisk means, if anything?

I think it's indicating that it's not yet cleared. On Saturday when I made the DC deposit it also showed an asterisk as well but this morning it's disappeared.

** NOTE TO SELF **
Next month make deposit to Hanley BS RS by DC, because it'll clear quicker than my FP which is still nowhere to be seen.

Not necessarily!
I paid by debit card on the first as it's supposed to be immediate. Some sort of "rare" occurrence happened, according to them, and I am still waiting for it to be credited to my account. Apparently they can see it but it's not within their control yet so we have to keep waiting until that happens. I am assured they will backdate it so that I won't loose interest though.