The Top Regular Savers Discussion Thread

flaneurs_lobster · 27 July at 11:43AM

https://forums.moneysavingexpert.com/discussion/comment/82072436#Comment_82072436

FWIW, just had second reminder from Skipton about maturity instructions - still broken.

allegro120 · 27 July at 12:24PM

https://forums.moneysavingexpert.com/discussion/comment/82082404#Comment_82082404

Virgin

There's no maximum balance rule for this account so you can make 13th payment.

Poor_Leno · 27 July at 2:58PM

https://www.bankofscotland.co.uk/savings/accounts/monthly-saver.html

Interestingly, while this page says you need a current account to open the BOS 8% monthly saver in those three bullet points at the top, it seems not. I noticed near the foot of the page, headed by "Open a monthly saver" it said and to quote the text here ;

Apply online
Whether you're an existing customer or not, you can apply on our website.

So, I went ahead to try and open it, stating that I did not already have a BOS account and, voila, it opened successfully. Perhaps this has already been noted, but MSE doesn't currently have it listed as "open to all", when it is, albeit only by online application, whereas I think you do need the current account to open in a branch or phone, but managing it online is good enough for me and probably most people, so anyone in need of an 8% regular saver should check it out for sure! I might still grab the switch bonus later on with them too and actually open a current account, but wanted to get the saver opened in case they pull it soon enough, as it looks like their switch is a bit of a faff with needing 3 DDs active from the account being switched from.

Seems also, it will let me deposit now, and then again on 1st by standing order from another account, so you can choose whenever you like to pay into it just as long as its not more than 250 in a calendar month, same as the Nationwide flex saver basically, so it will be possible to make 13 deposits.. not that it will accrue much more interest, I just like accounts where you can double up what you put into it within a few days, and save that bit more.

fuzzzzy · 27 July at 3:34PM

https://forums.moneysavingexpert.com/discussion/comment/82082700#Comment_82082700

But you will only be able to withdraw to a BoS account?

As far as I can see the monthly saver will convert to an instant access savings account after 12 months but it is not clear if you can make withdrawals to an external account from this account. Anyone know?

Kim_13 · 27 July at 4:11PM

Tipton 125 Anniversary

Also went via the contact us route asking if it was possible to open without a branch visit and have received funding details, although nothing showing in my app yet. Was told that a passbook will be posted out once funded.

The account has just failed COP, so my question is to those who have already funded, does it work the next day? Wouldn’t mind overriding with £1 but I entered £125 on the application form. If COP works the next day, does it work on first name, last name (which is what NatWest ask for.) The funding details gave payee name as Title, First Initial, Middle Initial, Surname. If the latter payee name is required for a match, can I safely send via an account that will run COP against that format (Chase will I think.) NatWest is the nominated account against the Tipton account that allowed me to qualify to open this RS from outside their postcode areas.

Didn’t want to take up their time asking if MSErs had the answers - plus potentially useful information for others.

Thanks