The Top Regular Savers Discussion Thread

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 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.