The Top Regular Savers Discussion Thread

allegro120

Kim_13 said:

Hope no one minds me asking here as it seemed too obvious a question for the Bank Account board but one that many here would know the answer to. I have just upgraded to NatWest Reward and understand that the monthly rewards can be set to pay into the Digital Regular Saver without counting toward the £150 monthly limit, but cannot find how to select this. Or do I actually need to have accrued rewards before I can choose?

Thanks

When you get your reward you will have to select what you want to do with it. When you select to cash it you will get a choice between your CA and RS,  It doesn't count toward the limit.

clairec666

Bridlington1 said:

clairec666 said:

Bridlington1 said:

clairec666 said:

Bridlington1 said:

Russ66 said:

Bridlington1 said:

One option would be to open now but then refresh if still available in a month or two to push the maturity date on a bit.

This way you can still secure the account and don't risk missing out if it goes NLA sooner than it did last year but retain the option of pushing the maturity date on a couple of months if still available at the time.

Probably being a bit dull here but what do you mean by "Refresh"
Do you mean open one now then close it & open another down the line if still available? TIA

By ``refresh" I mean close an account to reopen the same account. So yes, with Principality accounts (and others) I'll often open one when they're launched, then close and reopen the account at the end of the month if still available.

For future reference I have also included this term in the list of common abbreviations and their meanings on page 1 of this thread.

I wondered about compiling a list of "niche" regular saver stuff, like 13th payments, debit card deposits, which accounts can be easily refreshed etc., allowances that roll over each month (like Skipton for example)...

Would this be of interest to anyone?
The information on page 1 of this thread is fine as it is, so doesn't need to be cluttered with any more information.

I seem to recall someone mentioned (or possibly started) compiling a list of banks/building societies that accept 13th payments on their regular savers but it was abandoned as there's too many niche cases where it depends on the specific regular saver. 

Savings accounts that allow debit card payments are already covered in another thread I maintain so don't think this needs another thread.

I am considering compiling a list of bank/building society faster payment cut off times though so this is already on my radar, just haven't got round to it yet as tidying up the archived thread took priority recently.

For accounts that can easily be refreshed, I suppose I could incorporate this into my existing listings.

I'll have a think about it, apologies I've only got a few mins left of my dinner break at work so haven't the time to give a full response to your suggestion at the moment.

No worries, enjoy your dinner

The cut off times would definitely be of interest to me.
I'm not bothered about the 13th payment thing myself, but I see a lot of messages from people about it, so thought it would be useful to collate the information in one place.

As for refreshing accounts, I know there are some where you can't re-open straight away, and have to wait until the anniversary of opening. Might be of use to some people.

With regards to 13th payments, when setting up the thread I've taken the view that whether or not an account accepts the additional payment can be implied already from the summaries, e.g. if the maximum balance is listed as N/A and the account operates on a calendar month basis then it shall accept the extra payment unless there is a special condition that dictates otherwise. If it has a maximum balance which is equal to the total number of months the account lasts multiplied by the max monthly deposit then the extra deposit isn't permitted.

I did include this  in my summary of changes to the structure of the thread when I took over this thread late last year, but I suppose I could make this more explicit, e.g. include in the opening description something along the lines of ``All accounts allow a 13th payment if they operate on a calendar month basis unless stated otherwise." and then state in the special conditions when an account does not accept the 13th payment.

I probably wouldn't include that exact wording since it's not strictly accurate, e.g. for accounts such as Principality's 6 Month RS which doesn't last 12 months.

Cut off times would probably take the form of a separate thread which includes multiple banks/building societies (not just the ones that offer regular savers), it's not going to be the quickest list to compile given the number of different banks/building societies. I am also conscious that I am likely to have some overtime coming up later this month so there's a good chance I'll be pressed for time during the middle of the month (not to the extent that I was in late Jan/early Feb though) so this might add a further delay. I therefore shan't specify when I expect this thread to be launched beyond saying it's on my radar and I plan to launch it at some stage and I'll add a link to it to p1 of this thread when it gets launched.

With regards to refreshing accounts, upon reflection there's an element of ``your milage may vary" at play, e.g. for some people they may decide to ask for further ID as a one off etc but not for others, or it may be quick to refresh an account if you have other accounts with that bank/building society but not if it's your only account. I also remain conscious that I don't want each listing to become too long otherwise it starts to defeat the point of summarising them in the first place.

Therefore I might shelve the suggestion of including which accounts can easily be refreshed for now as I have concerns about the practicality of implementing it and I also have no issues with people asking which accounts can be refreshed easily in this thread and others discussing their experiences in refreshing accounts, indeed it's one of the purposes of this thread.

With regards to the earlier suggestion about listing which accounts allow deposits to be made by debit card, they are already included on the thread below under the section ``Savings accounts that let you pay in by debit card".
https://forums.moneysavingexpert.com/discussion/6445857/savings-investment-dds-and-debit-card-deposits-an-updated-list/p1

The list on the thread above already lists Cambridge, Darlington, Dudley, Hanley, Leeds (initial deposit only), Monmouthshire (branch only), Newcastle (branch only), Progressive, Skipton and YBS, if there's any I've missed please let me know on the Savings/investment DDs and debit card deposits- An updated list thread or send me a message directly and I can add them. For any queries or discussion about the debit card functionality specifically I would suggest using the above above thread.

As ever though I remain open to any further suggestions you or anyone else might have if they wish to send me a message directly. I must stress however that I can never guarantee I can implement all suggestions (there's many reasons why I don't wear my underpants on the outside of my trousers, the fact that I am not superman is one of them) but I do consider them.

Don't feel obliged to put in any more work than you already do!

Thinking of it, the debit card payments thing deserves a separate thread from regular savers, as it can be used to fund all sorts of non-RS accounts. I barely transfer into any other type of account at the moment, so had forgotten anything else existed.

Born2Save_3

Leeds BS RS Maturity

Thanks to Bridlington1 and AndyTh_2 for your replies and advice.  It is going to be helpful to me, just not when I thought I would need it...

I had some login issues yesterday and in a call to Leeds today to remedy, found out that the accounts that I thought were maturing this month actually run for 2 years, so don't mature till a year from now.

Gatehouse Bank RS Issue 2

Thanks to GetRichOrDieSaving for your reply.

I've just received messages stating that the account has matured and the profit added.  However as of now the account hasn't converted to an Easy Access Matured RS account, so I'm unable to select this account to make a transfer out.  I guess this will happen later or tomorrow as the account matures then.  So long as I can make the transfer early, I think it should be in my nominated on the same day or maybe next working day.  Interestingly, the matured funds account has a slightly better rate of 3.9%G than the other Easy Access accounts I have with them at 3.83%G.  Not as good as the RS Issue 1 maturity account !  Maybe if enough people call or message them about having another RS they may consider it. Gatehouse offer some unusual mortgage products, like BathBS and their mortgages for students, which is a great idea.

Born2Save_3

Loughborough BS RS Maturity Instructions

Does anyone know if LoughboroughBS are sticklers for returning the passbook/passcard with completed signed maturity instructions ? If you return maturity instructions via email, a scan/photo of the completed signed document, is that accepted without a scan/photo of the passbook/passcard ? In lieu of the signed maturity instructions document have they accepted just email instruction or a message via their online messaging system ?

I called today and the person I spoke to said that the signed completed maturity instructions document would be accepted alone, then changed and said the passbook/passcard would be necessary.

I'm just wondering what people have found through their experience.

Thanks in advance.

allegro120

clairec666 said:

Bridlington1 said:

clairec666 said:

Bridlington1 said:

clairec666 said:

Bridlington1 said:

Russ66 said:

Bridlington1 said:

One option would be to open now but then refresh if still available in a month or two to push the maturity date on a bit.

This way you can still secure the account and don't risk missing out if it goes NLA sooner than it did last year but retain the option of pushing the maturity date on a couple of months if still available at the time.

Probably being a bit dull here but what do you mean by "Refresh"
Do you mean open one now then close it & open another down the line if still available? TIA

By ``refresh" I mean close an account to reopen the same account. So yes, with Principality accounts (and others) I'll often open one when they're launched, then close and reopen the account at the end of the month if still available.

For future reference I have also included this term in the list of common abbreviations and their meanings on page 1 of this thread.

I wondered about compiling a list of "niche" regular saver stuff, like 13th payments, debit card deposits, which accounts can be easily refreshed etc., allowances that roll over each month (like Skipton for example)...

Would this be of interest to anyone?
The information on page 1 of this thread is fine as it is, so doesn't need to be cluttered with any more information.

I seem to recall someone mentioned (or possibly started) compiling a list of banks/building societies that accept 13th payments on their regular savers but it was abandoned as there's too many niche cases where it depends on the specific regular saver. 

Savings accounts that allow debit card payments are already covered in another thread I maintain so don't think this needs another thread.

I am considering compiling a list of bank/building society faster payment cut off times though so this is already on my radar, just haven't got round to it yet as tidying up the archived thread took priority recently.

For accounts that can easily be refreshed, I suppose I could incorporate this into my existing listings.

I'll have a think about it, apologies I've only got a few mins left of my dinner break at work so haven't the time to give a full response to your suggestion at the moment.

No worries, enjoy your dinner

The cut off times would definitely be of interest to me.
I'm not bothered about the 13th payment thing myself, but I see a lot of messages from people about it, so thought it would be useful to collate the information in one place.

As for refreshing accounts, I know there are some where you can't re-open straight away, and have to wait until the anniversary of opening. Might be of use to some people.

With regards to 13th payments, when setting up the thread I've taken the view that whether or not an account accepts the additional payment can be implied already from the summaries, e.g. if the maximum balance is listed as N/A and the account operates on a calendar month basis then it shall accept the extra payment unless there is a special condition that dictates otherwise. If it has a maximum balance which is equal to the total number of months the account lasts multiplied by the max monthly deposit then the extra deposit isn't permitted.

I did include this  in my summary of changes to the structure of the thread when I took over this thread late last year, but I suppose I could make this more explicit, e.g. include in the opening description something along the lines of ``All accounts allow a 13th payment if they operate on a calendar month basis unless stated otherwise." and then state in the special conditions when an account does not accept the 13th payment.

I probably wouldn't include that exact wording since it's not strictly accurate, e.g. for accounts such as Principality's 6 Month RS which doesn't last 12 months.

Cut off times would probably take the form of a separate thread which includes multiple banks/building societies (not just the ones that offer regular savers), it's not going to be the quickest list to compile given the number of different banks/building societies. I am also conscious that I am likely to have some overtime coming up later this month so there's a good chance I'll be pressed for time during the middle of the month (not to the extent that I was in late Jan/early Feb though) so this might add a further delay. I therefore shan't specify when I expect this thread to be launched beyond saying it's on my radar and I plan to launch it at some stage and I'll add a link to it to p1 of this thread when it gets launched.

With regards to refreshing accounts, upon reflection there's an element of ``your milage may vary" at play, e.g. for some people they may decide to ask for further ID as a one off etc but not for others, or it may be quick to refresh an account if you have other accounts with that bank/building society but not if it's your only account. I also remain conscious that I don't want each listing to become too long otherwise it starts to defeat the point of summarising them in the first place.

Therefore I might shelve the suggestion of including which accounts can easily be refreshed for now as I have concerns about the practicality of implementing it and I also have no issues with people asking which accounts can be refreshed easily in this thread and others discussing their experiences in refreshing accounts, indeed it's one of the purposes of this thread.

With regards to the earlier suggestion about listing which accounts allow deposits to be made by debit card, they are already included on the thread below under the section ``Savings accounts that let you pay in by debit card".
https://forums.moneysavingexpert.com/discussion/6445857/savings-investment-dds-and-debit-card-deposits-an-updated-list/p1

The list on the thread above already lists Cambridge, Darlington, Dudley, Hanley, Leeds (initial deposit only), Monmouthshire (branch only), Newcastle (branch only), Progressive, Skipton and YBS, if there's any I've missed please let me know on the Savings/investment DDs and debit card deposits- An updated list thread or send me a message directly and I can add them. For any queries or discussion about the debit card functionality specifically I would suggest using the above above thread.

As ever though I remain open to any further suggestions you or anyone else might have if they wish to send me a message directly. I must stress however that I can never guarantee I can implement all suggestions (there's many reasons why I don't wear my underpants on the outside of my trousers, the fact that I am not superman is one of them) but I do consider them.

Don't feel obliged to put in any more work than you already do!

Thinking of it, the debit card payments thing deserves a separate thread from regular savers, as it can be used to fund all sorts of non-RS accounts. I barely transfer into any other type of account at the moment, so had forgotten anything else existed.

I've stopped doing it completely. Only used this facility for £15 rewards from Halifax and in the past 8 months I was using Family EA for this, I prefer allocating cash drag away from highest paying accounts.

allegro120

Born2Save_3 said:

Leeds BS RS Maturity

Thanks to Bridlington1 and AndyTh_2 for your replies and advice.  It is going to be helpful to me, just not when I thought I would need it...

I had some login issues yesterday and in a call to Leeds today to remedy, found out that the accounts that I thought were maturing this month actually run for 2 years, so don't mature till a year from now.

Gatehouse Bank RS Issue 2

Thanks to GetRichOrDieSaving for your reply.

I've just received messages stating that the account has matured and the profit added.  However as of now the account hasn't converted to an Easy Access Matured RS account, so I'm unable to select this account to make a transfer out.  I guess this will happen later or tomorrow as the account matures then.  So long as I can make the transfer early, I think it should be in my nominated on the same day or maybe next working day.  Interestingly, the matured funds account has a slightly better rate of 3.9%G than the other Easy Access accounts I have with them at 3.83%G.  Not as good as the RS Issue 1 maturity account !  Maybe if enough people call or message them about having another RS they may consider it. Gatehouse offer some unusual mortgage products, like BathBS and their mortgages for students, which is a great idea.

Gatehouse.
It's been a long time, but as far as I can remember the Matured had different rates from the "Original" (I had all three of them at some point). Funds were available to withdraw the next day.  Withdrawals, if made before 1pm, arrive on the same day, but (in my experience) can take up to 7 hours to arrive.  They don't process withdrawals at weekends.

allegro120

Born2Save_3 said:

Loughborough BS RS Maturity Instructions

Does anyone know if LoughboroughBS are sticklers for returning the passbook/passcard with completed signed maturity instructions ? If you return maturity instructions via email, a scan/photo of the completed signed document, is that accepted without a scan/photo of the passbook/passcard ? In lieu of the signed maturity instructions document have they accepted just email instruction or a message via their online messaging system ?

I called today and the person I spoke to said that the signed completed maturity instructions document would be accepted alone, then changed and said the passbook/passcard would be necessary.

I'm just wondering what people have found through their experience.

Thanks in advance.

No experience of maturity yet, but I've asked them when I was opening my first one in branch. It's either to turn up with passbook and ID or post written instruction together with passbook.  Either way you'll get a cheque. 

alfred64

Hanley Economic Building Society - NoReply Mailbox <noreply@thehanley.co.uk>

11/5/2025 12:42:38 AM
Your new account is open, however we have noticed that you have yet to deposit any funds into the account.

Well, I funded via FP on the 1st, so someone's playing with it because it  hasn't been returned.

 I've just sent email  -  savingsteam@thehanley.co.uk
 Confirmed. They have received my email.
                                                                                      

Born2Save_3

alfred64 said:

Hanley Economic Building Society - NoReply Mailbox <noreply@thehanley.co.uk>

11/5/2025 12:42:38 AM
Your new account is open, however we have noticed that you have yet to deposit any funds into the account.

Well, I funded via FP on the 1st, so someone's playing with it because it  hasn't been returned.

 I've just sent email  -  savingsteam@thehanley.co.uk
                                                                                      

The payment details for HEBS are :

Sort code: 30-01-20
Account number: 09995102
Reference: Your HEBS account no ie 00012345

FP to HEBS is slow; best case is next working day. It maybe that it won't be credited till today, Wednesday 5th.

Best to call HEBS to check, also check with your bank what sort, account and ref has been used for the transfer, just in case you need to do a recall.

HTH

nigelholl2

masonic said:

Pompeydave1967 said:

For a direct comparison, I currently have about £46k cycling through 25 regular savers spread over the year. This is currently earning me £2,900 interest per year. If I put that same money in a 1 or 2 year fix paying 4.45% I'd only earn £2,000. The extra £900 is worth the hassle to me. It's probably an hour a month I spend dealing with maturing accounts, distributing the money between the others and applying for new ones.

It always makes me smile when we discuss the time taken to actually administer or manage the stable of RSs we have, as the time we take following the various threads and looking at other sources of information is so much more.

Just my obscure through, other views are available