The Top Regular Savers Discussion Thread

ThePirates

https://forums.moneysavingexpert.com/discussion/comment/82010207#Comment_82010207

Thanks for all the replies!

Just thinking of opening one speculatively as it's a fixed rate. Now that Principality have (hopefully temporarily) given up top spot.

MisterMotivated

https://forums.moneysavingexpert.com/discussion/comment/82010424#Comment_82010424

In fairness, the last sentence was a joke. It begs the question though: if I had said I was quoting Halifax's T&Cs or their official company line, do you think forum members would've left it at that? It's funny how the MSE team are so easily forgiven, nay, defended, for providing inaccurate information, yet when a forum member posts based on that information, it's a major faux pas and they must be correct multiple times, even after holding their hands up to the 'error'. Considering how quickly various forum members pointed out that you apparently don't need to fund the account every month, you'd think someone would've highlighted the inaccuracy of the information on the site to the team responsible for maintaining it. Given how many times Martin has spoken about stoozing, or using mule accounts for switching bonuses (neither of which are even remotely in the spirit of the offers of which they take advantage), I didn't think he/the MSE team would be adhere so strictly to the terms around whether or not you 'must' pay into a regular saver every month.

It's no wonder this forum has a reputation for hostility. And to think I only posted in the first place to get rid of the zombie quote lingering in my Comment box. I guess I'll just keep my metaphorical mouth shut from now on.

KneadtheDough

https://forums.moneysavingexpert.com/discussion/comment/82006904#Comment_82006904

First Direct

I didn't know one could do that. I'm sure I asked this very thing (minimum for SO and then 'topping up' as and when during the month, 1x or more) via 'in-app chat' a year or so ago, and was told a firm no. But, you've had no issues thus far?

clairec666

https://forums.moneysavingexpert.com/discussion/comment/82010561#Comment_82010561

I'm guessing they were talking about a different account, as they're quoting a £150 monthly limit instead of FD's £300. As far as I'm aware, FD can only be funded by one payment a month, and not by external transfer, although I personally haven't tested this out.

EDIT: Looks like they quoted the wrong post, and were actually talking about Natwest/RBS.

clairec666

Another quick First Direct question…

standing order would usually go out on the 24th (i.e. today), from previous experience weekend payments get pushed on to Monday, but as tomorrow is a bank holiday would it go out on Tuesday instead? In the app, it says the next payment is due today, doesn't seem to automatically adjust for non-working days.

masonic

https://forums.moneysavingexpert.com/discussion/comment/82010664#Comment_82010664

I've not known one go out on a non-working day. I assume it works like a normal standing order.

Yes, I've also noticed next payment dates not being adjusted.

saverkev

https://forums.moneysavingexpert.com/discussion/comment/82010664#Comment_82010664

First Direct

In my experience it will go out Tuesday but in the unlikely event it goes out before you should receive a push notification telling you you are overdrawn(if this is the case)

clairec666

https://forums.moneysavingexpert.com/discussion/comment/82010684#Comment_82010684

https://forums.moneysavingexpert.com/discussion/comment/82010691#Comment_82010691

Thanks both. I'll post an update in case it helps anyone else in future.

allegro120

https://forums.moneysavingexpert.com/discussion/comment/82010664#Comment_82010664

In my 30 years experience with FD standing orders were never actioned at weekends and bank holidays. Yours should go out on Tuesday.

Digital_Payback

KneadtheDough:

A thousand apologies. I was thinking of the Nat West / RBS monthly savers, not the First Direct one! My experience of the FD RS is that it must be one payment by DD.