The Top Regular Savers Discussion Thread

Russ66

https://forums.moneysavingexpert.com/discussion/comment/81883328#Comment_81883328

Pretty sure Zopa does not save the reference numbers for saved payees, it always seems to default to "sent with Zopa" for some reason.

DodgerPot

https://forums.moneysavingexpert.com/discussion/comment/81883402#Comment_81883402

Ah Thanks for the info 👍

It’s the first time I’d set up a payee from Zopa

I’ve done another payment into principality RS from Zopa but had to add the reference again so yes it hadn’t saved

clairec666

https://forums.moneysavingexpert.com/discussion/comment/81883402#Comment_81883402

This is worth knowing. Some current accounts are better suited for funding regular savers than others. E.g. Natwest doesn't let you set up saved payees with same account number but different references. So not well suited for funding the likes of Principality and Skipton where you need to use the reference.

clairec666

Anyone who's moaned about the excessive number of Principality-related posts in the past, issue 5 seems to have appeared without too much fuss.

Brace yourselves though. A lot of people have an issue 4 maturing on the 28th. Which means maturity options should be available... er... tomorrow. 😁

x44

HSBC seems to save a new payee entry each time you change the reference.

So if you make lots of payments to firm x for some work against a different invoice number each time in the reference field as they ask you to do, you end up with umpteen copies of the same payee with each of your past (never to be used again) invoice numbers!

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/81883503#Comment_81883503

But to take your minds off it Nottingham BS have released new issues of their regular savers. Ts&Cs remain the same as does the interest rate, which remains at 4.25%. The only change of note is the new maturity date of 31/3/27. P1 of this thread shall be updated shortly, Ts&Cs have already been archived.

Bob2000

Maybe someone can draw up a list of best banks for funding saving accounts.

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/81883526#Comment_81883526

In my experience Nationwide and Co-op are two of the better ones as you can set up multiple payees to the same sort code/account number with different references and give them all custom nicknames so are handy for funding multiple Principality accounts. It's especially useful for the likes of Manchester BS where deposits made into all accounts must come from a single nominated account

First Direct and HSBC are also good ones so long as you don't have multiple regular savers with the same sort code and account number (otherwise it changes the reference number on all instances of the account to the most recent reference).

NatWest/RBS/Ulster will only let you have one payee to the same sort code/account number but does allow payee nicknames.

TSB also allows payee nicknames but I've not experimented with multiple accounts with the same sort code and account number so would need to do further testing.

Santander and Lloyds Banking Group don't allow payee nicknames in my experience so are fine provided you can identify the account from the reference number.

Zopa isn't great given that it never saves the reference number so defaults to ``Sent from Zopa".

Cynergy I still can't get into their app or online banking so couldn't honestly tell you.

Zippy29

https://forums.moneysavingexpert.com/discussion/comment/81883535#Comment_81883535

I use Bank of Scotland and they allow me to set up multiple standing orders to the same organisations with different reference numbers.

snow62

Quote Bridlington1: Santander and Lloyds Banking Group don't allow payee nicknames in my experience so are fine provided you can identify the account from the reference number.

Santander do number the payees, though, so if you keep a record of the numbers it's easy to pick the right payee.