The Top Regular Savers Discussion Thread

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 Standing Order.

Hal17

Has anyone closed a Suffolk Building Society fixed regular saver before maturity? The T&C say you can close the account without penalty. I guess you would need to request this via message. Many thanks.

clairec666

https://forums.moneysavingexpert.com/discussion/comment/82010794#Comment_82010794

Thanks. Payment didn't go out today, so presumably will be tomorrow. Now I know for next time.

Section62

https://forums.moneysavingexpert.com/discussion/comment/82010963#Comment_82010963

Which issue/version do you mean? The T&C's often vary slightly between different issues, and branch and online versions have different processes.

Hattie627

https://forums.moneysavingexpert.com/discussion/comment/82010963#Comment_82010963

Only the most recently issued Suffolk BS fixed rate RS allows early closure, earlier versions (both online or Branch) don't allow it.

dcs34

Slightly off-topic notes below but I figure it might be relevant to regular saver obsessives - @Bridlington1 do please say if I should move this elsewhere!

With the current fallow period of new regular savers and the end of some of the more lucrative regular savers on offer (e.g. Principality renewals), I've been filling the time trying to broaden my membership of Building Societies. My hope is this might come in handy should these smaller BSs decide to offer loyalty/'existing customer only' higher-rate regular saver accounts as Cambridge BS and Vernon BS currently do.

I've scoured through most of the BSs websites to open their lowest deposit (~£5), non-ISA, viewable online, easy access accounts. This resulted in a few leftover oddities which I figure might (1) be of interest to some on here doing a similar exercise, or (2) prompt someone to tell me something I've overlooked!

Those requiring a higher minimum deposit:

• Cambridge BS - minimum deposit is £100 for online E/A accounts
• Marsden BS - minimum deposit is £5000 for online fixed term bond accounts
• Suffolk BS - minimum deposit is £100 for online E/A accounts
• Teachers BS - minimum deposit is £100 for online E/A accounts
• Vernon BS - minimum deposit is £100 for online E/A accounts

Those requiring customers to reside in a limited postcode area (with no exceptions or loopholes I could find):

• Cumberland BS - customer address must be in north-west England
• Swansea BS - customer address must be in Wales (online system will reject other addresses)

Those with other "barriers":

• Hinckley & Rugby BS - must apply for an online account via post/branch
• Loughborough BS - no online accounts offered (and no online management system as far as I can tell)

Those that don't offer personal savings accounts:

• Chelsea BS - part of YBS, mortgages only
• National Counties BS - business accounts only (Family BS is their personal banking "brand")
• Norwich & Peterborough BS - part of YBS, mortgages only