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The Top Regular Savers Discussion Thread
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Personally I used to just send in the society's prepaid envelopes, but I now steer clear of postal accounts more often than not, due to the ongoing service issues/delays at Royal Mail.
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N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.3 -
My FD reg saver matured on the 13th, just paid out 90 minutes ago.
Just waiting for new one to open.
Update, new reg saver open. One day later is very good.
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- I've only ever sent cheques in the normal post* and never had a problem but it's up to you.
- That'll depend on the T&Cs.
*To improve security, make the cheque out to, "<building society's name> a/c <your name>". This should keep the cheque from being deposited in an account at any other institution.
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I always send them 2nd class or in whatever envelope a building society has provided me with. Never used "special delivery" or "track" for this.
If you ask, Mansfield will send you application forms and prepaid envelopes.
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On the subject of cheques, should we post via special delivery, or would tracked 24 be sufficient?
As others have said, just sending it in the normal postal service should be fine.
If a cheque is "crossed" (two vertical lines through the "Pay" details) then it can only be paid into a bank account. If the words "Account Payee" are written between the crossing lines (now pre-printed by most banks by default) it can normally only be paid into a bank account which matches the details on the cheque. Because the volume of personal cheques has decreased so much, someone trying to cash or pay in a cheque contrary to the instructions on the cheque is going to stick out like a sore thumb, and if your bank pays out in such a situation then you are likely to be refunded.
Would it be permissible to send a cheque for a small amount (just to get a foot in the door) and then send the rest of the deposit for month one electronically?
It depends on the account T&C's. Some accounts might only allow one deposit per month.
If I'm making an application near to the month end I'd normally make the cheque deposit the full amount. If there is plenty of time before the month end I'd make the cheque for a pound or two less than the monthly deposit, so I can then send a 'test' faster payment of a pound or two ready to make the full faster payment the following month.
If the T&C's allow it, there's nothing wrong with sending a cheque for a token amount. But it is likely you won't be able to maximise your interest that way, unless you can get the paying in details for the new account as soon as it is open, rather than having to wait for the details to arrive in the post.
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Mansfield
From summary box - "You can vary the amount and pay more than one deposit per month into the account". So sending a cheque for a small amount and depositing the rest electronically should be fine.
Most regular savers allow multiple deposits as long as they don't exceed the maximum allowance in total. In cases where multiple deposits are not allowed it will be clearly stated in summary box/key features.
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Hi everyone I'm looking for a bit of guidance. I've worked out that I'm soon going to have around £1800 a month to save and I'm wondering where to save it. Any pointers please ?
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Impossible to say as we don't know your age, your tax rate, your total income, what you are saving or investing for, what your pension provisions are, what your risk levels are etc.
You are currently posting in the Regular Savers thread. Regular Savers are a specific kind of savings accounts. These may or may not suit your requirements. Page 1 of this thread has details of the best Regular Savers.For a complete list of all savings accounts, go to
If you are interested in a pension, there is a dedicated pensions board.3 -
In my former investing days many years back when you had to phone up a broker to buy or sell, I had registered mail either go missing or arrive late. I think if I remember correctly, three times I’ve claimed compensation from the post office which paid up without question. So this isn’t a recent problem.
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Have a look here
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