The Top Regular Savers Discussion Thread

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 🥃

Bob2000

https://forums.moneysavingexpert.com/discussion/comment/82058764#Comment_82058764

Doh! I stand corrected.

4th August then??

masonic

https://forums.moneysavingexpert.com/discussion/comment/82058819#Comment_82058819

Bingo

.....

Kim_13

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

Was the current account opened instantly? I had been debating this one on the basis that I have login details (the Limited Edition Easy Access account, currently with £1 in) but never had a current account with them. Didn't want to apply for one (thereby excluding myself from a possible future switching offer) if it might take an age to be opened like my NatWest one did and the RS might be withdrawn before I could get them open.

Growingold

https://forums.moneysavingexpert.com/discussion/comment/82058851#Comment_82058851

Just be aware that Santander do a hard credit search when opening a current account even if you're an existing customer. Well they did for me. Something to be aware of if you're going to be applying for mortgage/credit in the near future.