The Top Regular Savers Discussion Thread

fabsaver

We are penny pinchers of the highest guild

Brilliant 🤣 That should be our new forum motto.

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82059991#Comment_82059991

Saturday is not a banking day despite some branches and phone lines being open in the morning.

janusd

https://forums.moneysavingexpert.com/discussion/comment/82060050#Comment_82060050

if you mean the deposit - my point was that if the info on p1 was accurate, Saturday's deposit (made on a non-working day) should have been shown as being made on Saturday rather than today… not bothered personally, just thought Brid should know.

as another update, the additional £450 sent this morning is now showing in the account - the £50 showing as "OPENING ELECT RECEIP"; the £450 as "BC BACS RECEIPT" - both dated today.

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/82060074#Comment_82060074

The Ts&Cs aren't especially clear in this regard, but when contacted Dudley BS claimed they were like Furness BS in the sense that even though payments received outside of working hours will show as dated the next working day, they'll be backdated to the day received for interest purposes.

The point about the account term beginning from date of first deposit though, if others are experiencing the same then I'll happily update p1 of this thread to reflect this.

clairec666

https://forums.moneysavingexpert.com/discussion/comment/82060004#Comment_82060004

I'm going to print that on a badge

KneadtheDough

https://forums.moneysavingexpert.com/discussion/comment/82060098#Comment_82060098

I implore the insertion of a hyphen! We are penny-pinchers of the highest guild. (Sorry, if I could, I would try to proofread postage stamps!) ;)

adindaspantai

I managed to open Santander 8% Monthly Saver after asking CS to close the existing 5% Monthly Saver. I understand that the next payment based on the opening date not calender month. So if the account are open on July 3 (say), the next payment must be on July 3 or after ? Is my understanding correct ?

This Santander Monthly account does not have the typical Bank AC number. Is it still possible to set up a Standing or sort of Automatic payment rather than manual payment ?

Thank you for the head up !

surreysaver

https://forums.moneysavingexpert.com/discussion/comment/82060233#Comment_82060233

Correct. Santander operate on an account month rather than a calendar month, so your month begins when you opened the account.

You cannot (or are not supposed to) set up a standing order from an external account, only from a Santander account.

EssexHebridean

Just opened the 8% Santander account and noted the comments about the funding dates. I'll probably deal with the funding of mine by a standing order from our main current account into my santander sole current account, and then a further SO bouncing that on a couple of days later. That removes the possibility of me c0ck1ng things up by doing the transfer on the 1st without even thinking about it!

That helps cover the gap which Principality will be creating then!

Bridlington1

Beverley BS Regular Saver Issue 2 has been launched at 5.5% (includes conditional 4.5% bonus)

To get the conditional bonus you must deposit each month a deposit between £10 – £500 must be received into the account, the account should see no withdrawals in the year and the account must remain open at 31st December.

Online opening only.

Unlimited withdrawals permitted and you can miss payments, but if you do the bonus is forfeited for the year.

No maturity date, nothing in Ts&Cs to prevent those who have issue 1 from opening the account.