The Top Regular Savers Discussion Thread

surreysaver

https://forums.moneysavingexpert.com/discussion/comment/81881277#Comment_81881277

Which is why a lot of regular saver T&Cs state standing orders should be no later than 25th of the month. It's to cater for February.

clairec666

https://forums.moneysavingexpert.com/discussion/comment/81881323#Comment_81881323

Worth mentioning that it's okay to ignore the date restriction for most months. The 25th is a "worst case scenario" for Februarys where the 28th is a Sunday, which only happens every few years anyway. If funding manually you can leave it as late as you like. But if you prefer to set up a standing order and forget about it, setting it for the 25th covers all bases.

Edit: plus also bear in mind which providers process payments over the weekend.

gpman

https://forums.moneysavingexpert.com/discussion/comment/81881277#Comment_81881277

Thanks, but I would have thought most MSEers who use Standing Orders set them up to be paid on the 1st of the month, rather than the 28th, for accounts whose funding window is per calendar month. Some may even delay until the 2nd, to avoid the situation of a payment sent at say 00:01h by your ultra efficient bank on 1st beating the slow coach Building Societies, who may not reset their funding window until 2, 3 or 4am.

1st March 2026 is a Sunday, so funding will probably be delayed by a day in any case, but the problems you otherwise raise probaby won't apply to most.

Do you always get paid on 28th of the month? (or presumably the banking day before where the 28th is not a banking day). I thought most people who get paid monthly receive their pay on the last working day of the month. I am aware of some rarer cases who usually receive their pay on the last Friday of the month.

x44

https://forums.moneysavingexpert.com/discussion/comment/81881253#Comment_81881253

I am going to be a bit contraversial here - and say that you are just annoying them for no reason: and they are the second smallest building society in the UK so can even less afford the time dealing with this.

The ESBS website is quite clear that this is a branch only regular saver account and that it cannot be opened online or by post - it's in big red letters on the webpage for the regular saver account just to make the point There is no application form to download from the webpage to further emphaise this, so you must have taken a generic application form from a link on one of their other accounts pages and used that instead to submit.

Ch1ll1Phlakes

Principality 6 Month Issue 5

Nice to see the new account with the same rate.

Took a chance yesterday to close and open my Issue 4 and glad I didn't wait any longer. Helps that Principality are predictable for new Issues becoming available on a Thursday.

Probably won't open my Issue 5 until near the end of the month as I normally do with regular savers.

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/81881342#Comment_81881342

It was their choice to email the poster and return the cheque at their own expense though - in their shoes I would just have shredded the lot to keep costs down.

Bob2000

https://forums.moneysavingexpert.com/discussion/comment/81881277#Comment_81881277

I have a similar dilemma with my First Direct RS going out on 30th. (Didn't intend for that date but their fast turnaround caught me off guard).

I spoke to them on phone and was told that my payment would be taken on the 1st of March.

The Customer service person then said they would take another payment on March 30th as normal.

As far as l can remember this is the only late dated standard order l have.

So if one of yours is a First direct least you know about that.

csw5780

https://forums.moneysavingexpert.com/discussion/comment/81881334#Comment_81881334

Yes 28th, or earlier if a weekend/bank holiday.

csw5780

https://www.principality.co.uk/home/savings/savings-accounts/6-month-regular-saver Principality 6m RS ISSUE 5

https://www.principality.co.uk/home/savings/savings-accounts/6-month-regular-saver

clairec666

https://forums.moneysavingexpert.com/discussion/comment/81881453#Comment_81881453

First Direct works a little differently because your monthly limit resets on the "monthiversary" of opening, not per calendar month as is typical for other regular savers. So if your February payment goes out on March 1st, it doesn't prevent you making your March deposit as normal.