Regular Saver Thread **New and Restarted**

veryintrigued

schiff wrote: »

I have 4 with Nottingham BS, two with Monmouthshire BS, two with Chorley BS - in my name, for the avoidance of doubt.

I've got a few more than that with Notts...

Also YBS from a former N&P and the YBS normal one.

Around 40 RS in total.

Frankly I'd be lost without them.

;-)

colsten

Sadly, the Al Rayan 1.6% Everyday Saver is now no longer available to new applicants.

The rate is maintained for now on existing accounts (new accounts are a paltry 1%).

adindas

colsten wrote: »

Sadly, the Al Rayan 1.6% Everyday Saver is now no longer available to new applicants.

The rate is maintained for now on existing accounts (new accounts are a paltry 1%).

Sadly, it might be a signal that they will reduce the interest after sometimes.

I have diverted one of my BOS SO to Al Rayan. It seems like I might have to divert it again to another AC when the interest drop.

DragonQ

pafpcg wrote: »

HBOS
Yorkshire BS
Principality BS
Monmouthshire BS
Virgin Money

I have 1x BoS, 1x Halifax, 1x Lloyds. Didn't know I could have multiple of each!

abz88

colsten wrote: »

Sadly, the Al Rayan 1.6% Everyday Saver is now no longer available to new applicants.

The rate is maintained for now on existing accounts (new accounts are a paltry 1%).

As its a Sharia account, do they have to reduce the 1.6% for existing customers or do they just pay out less as its not a guaranteed sum or technically interest?

abz88

vermania wrote: »

Yes, they have been consistently offering regular RSs with more generous rates for some time. The merger, and HSBC rate drops might cause a rethink. Make hay while the sun shines everyone! :money:

They were also the only provider that I had an account with that raised the RS interest when the BoE increased the base rate last year. My E-Saver Issue 10 went from 2.25% to 2.5%, can't see that happening after they merge somehow.

colsten

abz88 wrote: »

As its a Sharia account, do they have to reduce the 1.6% for existing customers or do they just pay out less as its not a guaranteed sum or technically interest?

The predicted profit on issue 1 is still 1.6%

abz88

Kind of my point colsten, nothing stopping then having a predicted profit of 1.6% but paying out 1%

colsten

abz88 wrote: »

Kind of my point colsten, nothing stopping then having a predicted profit of 1.6% but paying out 1%

I have always had the predicted profit paid out.

soulsaver

abz88 wrote: »

Kind of my point colsten, nothing stopping then having a predicted profit of 1.6% but paying out 1%

This is a regular saver thread; do try to stay on topic.