The Top Regular Savers Discussion Thread

Bob2000

GetRichOrDieSaving said:

Bob2000 said:

Nationwide regular saver. 

If l open this account with the intention  of funding my first deposit  on Sunday 30th, then my second Monday, 1st Dec. Will it work, or does Nationwide only do the next working day?

Yes that will work, as myself and many others will have done similar in the past. 

Thank you. 

Bridlington1

londoner62 said:

Bridlington1 

Is the Principality First Steps Issue 5 RS limited to five years (max £50,000) as per page 1 or open ended with a £50,000 holding limit. I cannot find mention of 5 years in the T's & C's.

Thank you for your ongoing commitment to this forum.

You're quite correct, there is no maturity date, the listing has now been updated accordingly, apologies for the misinformation.

The previous issues of this account had a 5 year term but they did a restructuring earlier in the year, bringing out the current issue and then converting any previous issues of the account into the new issue. They must've dropped the 5 year term as part of this but I didn't update this in the listing.

Kim_13

GetRichOrDieSaving said:

Bob2000 said:

Nationwide regular saver. 

If l open this account with the intention  of funding my first deposit  on Sunday 30th, then my second Monday, 1st Dec. Will it work, or does Nationwide only do the next working day?

Yes that will work, as myself and many others will have done similar in the past. 

I don't think it will, as Nationwide will date an internal transfer on a Sunday as Monday (therefore both payments would be in December.)

Before the cut off on Saturday and Monday, yes.

Ch1ll1Phlakes

Kim_13 said:

GetRichOrDieSaving said:

Bob2000 said:

Nationwide regular saver. 

If l open this account with the intention  of funding my first deposit  on Sunday 30th, then my second Monday, 1st Dec. Will it work, or does Nationwide only do the next working day?

Yes that will work, as myself and many others will have done similar in the past. 

I don't think it will, as Nationwide will date an internal transfer on a Sunday as Monday (therefore both payments would be in December.)

Before the cut off on Saturday and Monday, yes.

All my payments into my Flex Regular Saver have been dated the 1st, even when sent on the weekend. For example this month, the 1st fell on a Saturday and payment went through no problem and was dated accordingly.

My previous Flex Reg (Issue 3) had payments go through on the weekend with a statement date of the following working day, however, each payment was listed with the effective date of the 1st. 

Based on this a payment of the Sunday should go through ok. It may get a statement date of the 1st but an effective date of the 30th which is all that should matter.

EDIT: I'll add to this from the following Nationwide page (which is always hard to find) Payment and transfer limits | Nationwide

1. Payments between Nationwide accounts should be instant


2. Standing orders to Nationwide accounts should go out of the chosen date.


EDIT2: Just realised the OP never mentioned if they would be funding directly from a Nationwide current account. Poor assumption on my part as the top image only applies if the payment is made for a Nationwide CA

Jazzking

Hanley

After an age waiting for user ID in the post after applying for this on 21st Oct it turns out they'd sent me 2x separate secure messages asking for my ID and selfie which I provided yesterday and today email confirmed account is opened.

Email states payment can be made by bank transfer although I don't have don't have confirmed a/c number, just my application reference starting 000

Can I definitely do a bank transfer using the Hanley details and my application reference as the payment reference?  CoP failed, but not sure if that's just as the account was only officially opened today, or something else...

Desperate to get my Nov £300 in without waiting too many more days into the month!

PowerSavingMode

Jazzking said:

Hanley

After an age waiting for user ID in the post after applying for this on 21st Oct it turns out they'd sent me 2x separate secure messages asking for my ID and selfie which I provided yesterday and today email confirmed account is opened.

Email states payment can be made by bank transfer although I don't have don't have confirmed a/c number, just my application reference starting 000

Can I definitely do a bank transfer using the Hanley details and my application reference as the payment reference?  CoP failed, but not sure if that's just as the account was only officially opened today, or something else...

Desperate to get my Nov £300 in without waiting too many more days into the month!

Hanley Economic RS

I did that — using the application ref # as the reference for the first payment. It turned out, at least in my case, that the application reference # IS my account number! 

trickydicky14

Jazzking said:

Hanley

After an age waiting for user ID in the post after applying for this on 21st Oct it turns out they'd sent me 2x separate secure messages asking for my ID and selfie which I provided yesterday and today email confirmed account is opened.

Email states payment can be made by bank transfer although I don't have don't have confirmed a/c number, just my application reference starting 000

Can I definitely do a bank transfer using the Hanley details and my application reference as the payment reference?  CoP failed, but not sure if that's just as the account was only officially opened today, or something else...

Desperate to get my Nov £300 in without waiting too many more days into the month!

The reference number is your account number 100%

happybagger

For me cop took two days from account opening, so be aware if it's struggling to accept it

jameseonline

My Xmas Principality Regular has matured, £1358.37 has been sent to my Virgin account & £200 has stayed in the account & the account changed into a 6 month issue 4 as instructed. 😊

My 2nd Issue 4, yay 😁, I try to get another at the end of the month 🤣

GetRichOrDieSaving

Kim_13 said:

GetRichOrDieSaving said:

Bob2000 said:

Nationwide regular saver. 

If l open this account with the intention  of funding my first deposit  on Sunday 30th, then my second Monday, 1st Dec. Will it work, or does Nationwide only do the next working day?

Yes that will work, as myself and many others will have done similar in the past. 

I don't think it will, as Nationwide will date an internal transfer on a Sunday as Monday (therefore both payments would be in December.)

Before the cut off on Saturday and Monday, yes.

Apologise for the misinformation if this is the case, I can’t ever recall having an issue with deposits hitting the account when the first falls on a Sunday. However, I would recommend the OP goes with the Saturday to be sure.