The Top Regular Savers Discussion Thread

allegro120

https://forums.moneysavingexpert.com/discussion/comment/82058190#Comment_82058190

"With the Santander 8% rate, I plan to abide by the terms and conditions and keep things simple. I'll stick to the monthly anniversary date and fund the account via my Santander Current Account, continuing this until the annual milestone. I doubt they will reduce the rate to an unacceptable level in the first 12 months, anyway. I’m happy with what the account offers and don't feel like crossing the line for a small gain with the potential to end up on a blacklist.

Good luck to those who snuck in an extra payment. There were reports on here a while ago confirming that going over the limit happened without any repercussions, so there's a chance you'll get away with it.

allegro120

https://forums.moneysavingexpert.com/discussion/comment/82058492#Comment_82058492

Dudley

I don't know about weekends, but I've sent mine yesterday (Friday) morning and it was showing later in the day. I couldn't get CoP working for two days, so I ignored it and sent £500. My letter arrived next day after I emailed my application, so they have processed it on the same day.

pecunianonolet

A simpe risk benefit analysis tells me that just because you may get away with it doesn't justify doing it. I am not that desperate for a little extra given the risk. Have a pint less at your next pub visit, good for your pocket and your health 😋

thefrank

https://forums.moneysavingexpert.com/discussion/comment/82058632#Comment_82058632

Lovely to read something clever every now and then

clairec666

https://forums.moneysavingexpert.com/discussion/comment/82058632#Comment_82058632

I haven't got round to crunching the numbers in a spreadsheet, but a bit of common sense tells me that the potential interest gained by funding on the 1st is not worth it compared to the interest you could lose by having your account closed early.

If for convenience you want to fund on the 1st of the month, you can still do this, just don't fund on 1st July if you already made a late June payment. Start in August and everything will be fine.

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/82058632#Comment_82058632

Alternatively just do what I do and abstain from booze altogether, I've never touched a drop in my life. I prefer to spend my time dealing with regular savers and fiddling about with spreadsheets, occasionally popping onto this forum because a nice bank has decided to pay me 8%.

Bob2000

Santander regular saver.

So l got pulled in by all this talk of the new super duper 8% RS.

I opened a new current account earlier (already had old log in details) and at the end of the application process they asked if l want the 8% RS. You bet! Ta very much.

So just funded it with £200 so my next payment will be due on 3rd August??

Is that correct?

masonic

https://forums.moneysavingexpert.com/discussion/comment/82058762#Comment_82058762

Given that today is 4th July, wouldn't that be a day early?

Jazzking

Teachers RS

I accidentally double funded this on 1st July and the payment hasn't been returned yet so I'm £250 up compared to where I should be… What do people think, leave it there and possibly don't fund in August, or alert them to it, as to avoid being in breach of the T&C?

Of course it may get picked up next week, but when I've accidentally done this with Principality it's been returned usually within 24 hours…

pecunianonolet

https://forums.moneysavingexpert.com/discussion/comment/82058665#Comment_82058665

A healthy choice, I like high percentages so nothing better to complement a nice high paying regular saver with a good Scotch. My perfect match of ROI 🥃