The Top Regular Savers Discussion Thread

snookerloopy96

https://forums.moneysavingexpert.com/discussion/comment/82085282#Comment_82085282

Thanks, I'd hope they will seeing as most are going from their respective current accounts.

surreysaver

https://forums.moneysavingexpert.com/discussion/comment/82085269#Comment_82085269

First page of this thread advises which accounts pay interest on non working days on an account by account basis.

On my spreadsheet I have a code on each account so I know; although most of my regular savers are funded by standing order, if I have the time I'll fund those worth funding at the weekend whilst at the same time adjusting the standing order to skip a month

snookerloopy96

https://forums.moneysavingexpert.com/discussion/comment/82085286#Comment_82085286

I don't have a spreadsheet but I've got a record of all my accounts, but mainly limited to rates and maximum funding.

Its not a huge thing tbh because any monies 'waiting' to go into the RS are already earning 5 or 6%.

I've bookmarked that page though for future reference, thanks for the tip.

fuzzzzy

https://forums.moneysavingexpert.com/discussion/comment/82085153#Comment_82085153

Why do both the Lloyds and BoS monthly savers say "........ save £25 -£250 by the 25th of each month"?

Is there any problem funding after the 25th? Do they just state this to avoid people inadvertently paying in late over say a bank holiday weekend and finding their payment does not arrive until the next month? Presumably if you pay in from an account with instant payment times then you can pay in right up to the last day of the month?

jd84

https://forums.moneysavingexpert.com/discussion/comment/82085298#Comment_82085298

Yes it's mainly for standing order purposes.

A payment after 8pm on a Friday won't credit until the next working day, which could sometimes be a Tuesday.

surreysaver

https://forums.moneysavingexpert.com/discussion/comment/82085298#Comment_82085298

Just in case there's February, non working days involved, or a hold up with a faster payment

surreysaver

I suppose you'd have to work out how much extra earning a percent or two by funding on non working days over the course of a year to determine whether it's worth the effort.

I do shift work, so often won't have the time at a weekend to faff like this, but sometimes I do have the time

ThePirates

https://forums.moneysavingexpert.com/discussion/comment/82085276#Comment_82085276

I'd guess that they created the 8% with Halifax because they did want to lose all their Halifax customers before they transferred them to Lloyds? If there was no Halifax 8% people might go to Santander for theirs?

topyam

Principality

Just got my maturity letter for a RS maturing mid August. No decent options - just bonds offering poor interest rates…

Is it worth my while waiting out until closer to the maturity date to see if Principality release a decent rate RS?
If I make my choice, can I change it closer to the date if I want or is that my decision locked in?

Anybody else in the same situation?

snookerloopy96

https://forums.moneysavingexpert.com/discussion/comment/82085416#Comment_82085416

Its more of a conundrum if you haven't any other accounts with them?

If you have anything (not another 6 month RS) which keeps you as a member I'd just have the lot out and put it in the higher rated accounts, thats what I'm doing.