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Regular Saver Thread **New and Restarted**

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  • veryintrigued
    veryintrigued Posts: 3,843 Forumite
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    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
    colsten Posts: 17,597 Forumite
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    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
    adindas Posts: 6,824 Forumite
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    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
    DragonQ Posts: 2,193 Forumite
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    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
    abz88 Posts: 312 Forumite
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    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
    abz88 Posts: 312 Forumite
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    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
    colsten Posts: 17,597 Forumite
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    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
    abz88 Posts: 312 Forumite
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    Kind of my point colsten, nothing stopping then having a predicted profit of 1.6% but paying out 1%
  • colsten
    colsten Posts: 17,597 Forumite
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    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
    soulsaver Posts: 6,039 Forumite
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    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.
    Top Easy Access acs Ranked by rate: Top of The Pots - **No Chat** — MoneySavingExpert Forum
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