The Top Regular Savers Discussion Thread

ctdctd

https://forums.moneysavingexpert.com/discussion/comment/82100468#Comment_82100468

They sent me a 2nd message, about a hour after the account open one, to say the account had been added to the online portal.

ToastLady

https://forums.moneysavingexpert.com/discussion/comment/82100468#Comment_82100468

https://forums.moneysavingexpert.com/discussion/comment/82100516#Comment_82100516

Thank you both. I'll leave it until tomorrow and check then. I've already funded and at least passed COP with BoS, unlike with Ecology last week.

Section62

https://forums.moneysavingexpert.com/discussion/comment/82100516#Comment_82100516

ESBS

I did 'add account' about 10 mins after the email and the account was added instantly.

What_time_is_it

Newcastle and Manchester Regular Savers (issue 2)

I’ve just opened one of each of these. I already have an issue 1 Regular Saver with each of them too. Does anyone know whether I can pay into them from any bank account? Or do deposits HAVE to come from the nominated account?

(it’s potentially a bit of a faff to be deleting and reentering payees each time if I need to use different reference numbers!)

Ghostcrawler

https://forums.moneysavingexpert.com/discussion/comment/82100658#Comment_82100658

I only have 1 issue with Newcastle so cant opine on that but below is my experience with Manchester

You get different reference numbers, so wont have any issues by having same nominated bank account. Mine is with Barclays and didn't have any problem in funding issue#2 and also funded issue#1 for this month after opening issue#2, funds appeared to both the issues as it's supposed to be

mon3ysav3r

https://forums.moneysavingexpert.com/discussion/comment/82100658#Comment_82100658

Unfortunately if like me you use RBS/Ulster/NatWest then you can't, as RBS online systems don't allow multiple payee's with the same account/sort code - even if they have different references.

What I did was open a "Easy Saver" with both building societies and pay into that, only requires £1 minimum to keep it open during the rest of the month.

Then login to each building societies online banking portal and do an internal transfer into each regular saver. One downside is that internal transfers at a weekend/bank holiday are not actioned until the next working day.

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82100667#Comment_82100667

In which case I would simply action a change of nominated account to one that does allow different references to be saved as separate payees, if payment from nominated is required - assuming you hold one such account of course.

Did it not invite you to enter a different nominated account when opening Issue 2? (I’m yet to open one, having entered NatWest when opening Issue 1.)

Thankfully they don’t have ‘you may only update your nominated online once every 6 months’ like Ecology.

fonesaver

https://forums.moneysavingexpert.com/discussion/comment/82100658#Comment_82100658

Manchester BS have to come from ONE nominated account. I phoned them and queried this. Why this rule? They are part of Newcastle BS that does not have this rule! I'm in the process of switching my nominated account from RBS to Nationwide. Note you can't do this straight away you need to wait for a letter with an authorisation code.

mon3ysav3r

>Did it not invite you to enter a different nominated account when opening Issue 2?

Sorry I can't remember if it was possible to have a different nominated account than issue 1 with either BS

fonesaver

https://forums.moneysavingexpert.com/discussion/comment/82100703#Comment_82100703

With Manchester BS you can't as you can only have ONE nominated account