The Top Regular Savers Discussion Thread

roked

masonic said:

allegro120 said:

masonic said:

jaypers said:

Has anyone tried crediting their Principality accounts today? They sit in Barclays and status page there still says payment issues so wasn’t sure whether it would work as yet. 

I was weighing up whether to make my Skipton RS payment via card today (also uses Barclays), but in the end did a bank transfer and it arrived fairly promptly. I'd forgotten Principality was Barclays too, so didn't even check until just now and that is there too.

Card payments.
I leave all card payments until the next working day.  In my understanding if I pay in by card on Saturday it will extend a loss of interest to 2 more days.  Am I wrong?

I don't know. No interest is payable on credit balances in my current account. I like to keep things simple and pull out a lump sum from my savings account and fire off all payments in a single 10 minute session. But a debit card transaction would take a couple of days to debit the source account anyway, so 2 days loss of interest seems unlikely.

I opened my Skipton RS on 21st Jan and made an initial payment by debit card. This shows as being credited 21/01/2025. It wasn't debited from my current account until 22/01/2025, so -1 days loss of interest. I don't know if Skipton credit weekend debit card payments immediately or next working day, if the latter, I'd guess 0 days loss of interest, which is slightly worse than -1.

It may show as being the same (working) day, you don't earn interest on it for 2 business days, that's why I use bank transfer instead (on a workday). This is from skipton website :

Interest from debit card payments starts to accrue on the third business day, from and including the day on which a debit card payment is made into your account (if this is a business day).

surreysaver

ForumUser7 said:

simonsmithsays said:

ForumUser7 said:

Cambridge Extra Reward RS

Aware debit card deposits into this account can be made online, but looked on the portal and can’t figure out how. Can anyone advise please? Thank you

In the App you select the CBS account and then hit Payments.

Doesn’t seem to be an option for me - weird!

What I do is use my debit card to put £300 into Your Saver, then transfer that £300 into the Regular Saver. Just remember Your Saver only allows one transfer a month 

[Deleted User]

For my latest round of funding my RS I need to withdraw some money from Skipton. I take it their services might be affected by the Barclays outage?

cricidmuslibale

[Deleted User] said:

For my latest round of funding my RS I need to withdraw some money from Skipton. I take it their services might be affected by the Barclays outage?

@Hichandrossi  Yes, withdrawals from Skipton are affected by the Barclays outage, unfortunately. I made a Faster Payment withdrawal of approx. £2k from Skipton midway through Friday afternoon in order to fund a handful of Regular Savers that credit payments on non-working days, yesterday. Unfortunately that money has still not reached the current account from which I make most of my RS deposits and so it will probably be Monday morning at the earliest now before I can start funding any of my Regular Savers this month. I guess I'll just have to be patient and accept a small loss (= a few days) of interest for those Regular Savers which could or rather should have been funded yesterday.

jameseonline

surreysaver said:

ForumUser7 said:

simonsmithsays said:

ForumUser7 said:

Cambridge Extra Reward RS

Aware debit card deposits into this account can be made online, but looked on the portal and can’t figure out how. Can anyone advise please? Thank you

In the App you select the CBS account and then hit Payments.

Doesn’t seem to be an option for me - weird!

What I do is use my debit card to put £300 into Your Saver, then transfer that £300 into the Regular Saver. Just remember Your Saver only allows one transfer a month 

I didn't realise the transfer once a month thing,  they credited interest for me end of last year of £4.56, they also according to the app did a product switch & did another interest payment  on 3rd January of 2p.

So yeah got the £4.56 out on 1st Jan, & was left confused in regards to everything else because I didn't request a product switch, why did I get an extra 2p so soon after the £4.56?, why couldn't I transfer out again last month🤣

If anyone can help with my confusion that would be great, alternatively I might have to ring them.

Born2Save_3

The BBC are stating 

"In a statement, Barclays said: "We're in direct contact with HMRC and they are aware of the technical issues with our system."

It added: "We will ensure that no customer is left out of pocket because of delayed payments caused by this incident.""

https://www.bbc.co.uk/news/articles/cd9qzg92g72o

I'm waiting on £10k+ from GateHouse, that should have arrived on Friday and as of yet, has not.

I'm taking screen shots of GateHouse and my receiving bank.

Any suggestions on the best way to prepare for a compensation claim, in this case ?

This would be for loss of interest and for the inability to provide a service within an expected time frame, maybe more ?

masonic

Born2Save_3 said:

The BBC are stating 

"In a statement, Barclays said: "We're in direct contact with HMRC and they are aware of the technical issues with our system."

It added: "We will ensure that no customer is left out of pocket because of delayed payments caused by this incident.""

https://www.bbc.co.uk/news/articles/cd9qzg92g72o

I'm waiting on £10k+ from GateHouse, that should have arrived on Friday and as of yet, has not.

I'm taking screen shots of GateHouse and my receiving bank.

Any suggestions on the best way to prepare for a compensation claim, in this case ?

This would be for loss of interest and for the inability to provide a service within an expected time frame, maybe more ?

Unless you were transferring to a linked account you hold with Barclays, it would be Gatehouse who you'd need to complain to, and Gatehouse has not yet made a similar statement. To be clear you still have a complaint against Gatehouse, but they may not take quite the same stance as Barclays.

Providing you have evidence of the rate payable on the money in the savings account you intended to move the money to, then you ought to be able to claim for the difference in rates between the two accounts over the number of days until your transfer is actually received, or for the whole rate if they do not agree to pay normal interest for the period they were unable to send the money. If this £10k+ was being transferred to get a better rate following the rate reduction of the Gatehouse product, then I do not think there will be a "maybe more" limb to your complaint.

subjecttocontract

I've already informed Gatehouse that I will be making a claim for compensation after my transfer is completed. In my case it's further complicated as I'm out of the country this week which may delay my access to the money. If Gatehouse have a problem with that they will need to take it up with Barclays, after all, it's their decision to use Barclays, not mine.

I'm aware however that my situation is insignificant compared to those people who, as a result of Barclays, can't pay bills, put food on the table or complete house sales/purchases !

friolento

masonic said:

Born2Save_3 said:

The BBC are stating 

"In a statement, Barclays said: "We're in direct contact with HMRC and they are aware of the technical issues with our system."

It added: "We will ensure that no customer is left out of pocket because of delayed payments caused by this incident.""

https://www.bbc.co.uk/news/articles/cd9qzg92g72o

I'm waiting on £10k+ from GateHouse, that should have arrived on Friday and as of yet, has not.

I'm taking screen shots of GateHouse and my receiving bank.

Any suggestions on the best way to prepare for a compensation claim, in this case ?

This would be for loss of interest and for the inability to provide a service within an expected time frame, maybe more ?

Unless you were transferring to a linked account you hold with Barclays, it would be Gatehouse who you'd need to complain to, and Gatehouse has not yet made a similar statement. To be clear you still have a complaint against Gatehouse, but they may not take quite the same stance as Barclays.

Providing you have evidence of the rate payable on the money in the savings account you intended to move the money to, then you ought to be able to claim for the difference in rates between the two accounts over the number of days until your transfer is actually received, or for the whole rate if they do not agree to pay normal interest for the period they were unable to send the money. If this £10k+ was being transferred to get a better rate following the rate reduction of the Gatehouse product, then I do not think there will be a "maybe more" limb to your complaint.

The money was debited from the Gatehouse account on Jan 31, so there will now be at least 2 days  of liost interest on it as the money is in the ether. That’s at least £3 lost interest in my case (nearly £12k involved), using just the Gatehouse 4.75% rate. A tad more if I use the rates of the accounts the money is destined to. 

But most of my transfers to the higher rate accounts happen by SO, and SOs don’t get executed until the early hours of tomorrow. Some of my money is also earmarked for DDs - Council Tax, Credit Card payments, Utilities. So as long as the Gatehouse money arrives sometime today, I am in no worse situation than I would have been anyway. Even if I was, I would probably not raise a complaint for £3. 
 

It will become a bigger issue if the money doesn’t arrive today as my SOs and DDs will fail at the first attempt in the early hours of tomorrow. There are then still a few hours before my bank will retry the SOs and DDs sometime after 14:00 tomorrow. Should the Gatehouse money have arrived by then, I am financially no worse off than I would have been had it been in my current account on Jan 31. 

If the Barclays delay continues beyond 14:00 tomorrow, it’s turning from a nuisance into a real issue. Apart from loss of interest, I will then have to deal with missed DDs, associated penalties, and credit file markers. In this case, I will definitely raise a complaint with Gatehouse. As a customer of Barclays, Gatehouse would be able to claim back from Barclays any compensation Gatehouse need to pay me. I would also hold Gatehouse responsible for the removal of any late payment markers from my credit files. I pray to heaven that none of this will become necessary but I think it might be possible that Barclays is in a TSB-like meltdown and the outage could continue for days 😩😩😩

BestSeagull

Bridlington1 said:

Principality BS Christmas 2025 Regular Saver Bond at 7% now NLA.

EDITED TO ADD:
Leeds BS Regular Saver (Issue 60) at 4.95% is also NLA. Replaced by Issue 61 at a lower rate of 4.8%.

My Leeds RS has just matured and I was going to open issue 61 to replace it but just had a quick look at the Home Deposit Saver.
I'm not a first time buyer but I see that it's open to "home movers" too. Presumably that means it's open to anyone (within the other terms) then as they can't really monitor whether you end up moving or not?