Reg Saver S/O question

JohalaReewi · 16 January 2009 at 2:03PM

The Skipton xmas saver is a good one for 13 payments. You can open one early November and it matures late November a year later so you have 13 months in which to make payments and the final payment on 1st November gets a good 3 weeks interest added. They are also set up to receive faster payments.

anna42hmr · 16 January 2009 at 9:01PM

so glad i found this thread as i have got 3 reg savers running at the moment, halifax, barclays and skipton xmas saver

any one know what barclays are like for a 13th payment??

Exceller8 · 5 February 2009 at 1:01AM

any one know what Barclays are like for a 13th payment??

Looking @ Special_Saver2's regular saving thread you are only allowed 12 monthly deposits for Barclays RS acc.XLR8

Matures After 12 Months

Barclays Monthly Savings

Interest rate: 5.84% gross p.a. / 6% gross AER fixed
Monthly payment: £20-250
Miss any payments: Yes, miss as many as you like, no penalties
Penalty-free withdrawals: No, your savings get 2.99% gross p.a. for that month if any withdrawals
How to open account: Online (only if you have a Barclays current account) or in branch
Special conditions: After 12 months, the account will be changed to a savings account paying a lower rate of interest. Only 12 deposits can be made per year. Applicants must be 16 or over.

rb10 · 5 February 2009 at 10:33AM

Exceller8 wrote: »

Looking @ Special_Saver2's regular saving thread you are only allowed 12 monthly deposits for Barclays RS acc.XLR8

Matures After 12 Months

Barclays Monthly Savings

Interest rate: 5.84% gross p.a. / 6% gross AER fixed
Monthly payment: £20-250
Miss any payments: Yes, miss as many as you like, no penalties
Penalty-free withdrawals: No, your savings get 2.99% gross p.a. for that month if any withdrawals
How to open account: Online (only if you have a Barclays current account) or in branch
Special conditions: After 12 months, the account will be changed to a savings account paying a lower rate of interest. Only 12 deposits can be made per year. Applicants must be 16 or over.

Not necessarily. Halifax advertise as only allowing 12 monthly deposits, but in reality will allow a 13th.

Lady_K · 27 September 2009 at 11:24AM

Can anyone advise me on getting 13 payments into halifax reg saver in these circumstances please?

Present reg saver £250 a month matured on 4th Sept next due payment is set at 1st October but I'm going to increase it to £500 a month

As it matured and was swooped into my nominated account on 4th Sept could I sneak a £500 in now 27th or tomorrow 28th and then get another one in on 1st? October to get £1000 in quickly?

noh · 27 September 2009 at 11:29AM

If there has not already been a payment into your regular saver in the month of September you can do what you propose.

Lady_K · 27 September 2009 at 11:39AM

noh wrote: »

If there has not already been a payment into your regular saver in the month of September you can do what you propose.

I just checked and there was a payment into the account on 1st sept, is there no way I can get 13 payments in?

anna42hmr · 27 September 2009 at 12:17PM

Lady_K wrote: »

I just checked and there was a payment into the account on 1st sept, is there no way I can get 13 payments in?

if the account was swept on 4th september, you would now be into the new 12 month account so cant see why you cant make a payment in september as it would be the first payment into the new 12 month period. (as the old account has matured so effectivly starting a new account)

My halifax one is due to mature on 18th december, so my last payment into that account is due to go in on 1st december, but once the account has been swept on 19th december, i intend to fund the new 12 month term in december on 20/21st december

Lady_K · 27 September 2009 at 12:25PM

anna42hmr wrote: »

if the account was swept on 4th september, you would now be into the new 12 month account so cant see why you cant make a payment in september as it would be the first payment into the new 12 month period.

My halifax one is due to mature on 18th december, so my last payment into that account is due to go in on 1st december, but once the account has been swept on 19th december, i intend to fund the new 12 month term in december on 19th/20th december

Thats what I was wondering but I don't want them to penalize me for it in any way... I know they refused a payment by sending it back to my account last year and I cant remember exactly how it happened I'm not sure if I tried it last year and it failed

Has anyone done this sucessfully?

Lady_K · 27 September 2009 at 2:15PM

Regarding the 13 payments with continuing Halifax reg saver

Please let me know if anyone thinks this will mess up my account so I can change the direct debit again if necessary

My 12th payment went in on 1st Sept,
Account matured and transferred to web saver on 4th Sept,
Now changed dd to 28th Sept (2nd payment in month but 1st payment of year)
Will then change dd to 1st Oct for 2nd payment of year to go in

Whats the chances of this working please?

Reg Saver S/O question

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