Regular Saver Thread **New and Restarted**

Fingerbobs

Fingerbobs wrote: »

Cheque only, according to the Maturity Instructions form I've just received today.

My cheque from the Tipton and Coseley arrived in the post this morning. Very quick.

eastofeden

Mine too, Fingerbobs! Really good service, I’m very impressed.

wiseonesomeofthetime

Kernel_Sanders wrote: »

Well it still pays 1% (whenever a monthly £1000 is credited)

I stopped paying in a £1000pm over a year ago, when I switched my salary to another current account. I still get my pennies of interest each month.

My RS expires first week in April. Took it out the day before they pulled the plug.

arsenalboy

Fingerbobs wrote: »

My cheque from the Tipton and Coseley arrived in the post this morning. Very quick.

Yes ours came as well.

Have got so used to various BS taking advantage of the weekend. Normally with maturity the cheque is prepared the next working day and then sent, but they exclude Saturday at their convenience even though they are working.
So because maturity was yesterday i.e., Friday, I was not expecting it to arrive until early next week.

Tip top by the Tipton!

vermania

adindas wrote: »

This is subject to individual circumstances, but for many people I believe it is better to have 1.35% instant access saving rather than to have 1.5% regular saver with no withdrawal allowed.

This is a shame, I like The Nottingham. I hope it isn't a sign of things to come. My bar is a little higher, I decided the last regular saver at 2.5% wasn't worth the drive over to St Albans just for that (now that Virgin no longer requires a branch visit and having exhausted the tourist attractions, I have no other reason to go!). I agree with your sentiment about access. I'm minded not to renew my 2% restricted access regular savers in the coming year for that reason.

schiff

I made a decision in the middle of last year not to bother with RSs paying under 2.5% but that was before the decisions about Nationwide, M&S, HSBC et al and finally the Santander interest rate drop (where most of my lying about money sits) I've changed my mind. Things have changed, a lot.

On two conditions, fixed rate and unlimited access. I've done the last two Virgins and this weekend opened a TSB RS. I shouldn't have to access them so effectively it's like having money in a current account earning twice what Nationwide will pay me.

I should add that none of these accounts need to cost anything in travel.

gozaimasu

Really annoying, I went into the app and took a screenshot of my regular saver showing an account maturity date of 2021 - but they sent me an email a couple of days ago saying it matures soon. Reckon if I complain I can get them to extend the account for another year? Obviously I'm going to try since I have nothing to lose, but I'm interested to know what everyone else's app says about their account maturity date.

MDMD

schiff wrote: »

I made a decision in the middle of last year not to bother with RSs paying under 2.5% but that was before the decisions about Nationwide, M&S, HSBC et al and finally the Santander interest rate drop (where most of my lying about money sits) I've changed my mind. Things have changed, a lot.

On two conditions, fixed rate and unlimited access. I've done the last two Virgins and this weekend opened a TSB RS. I shouldn't have to access them so effectively it's like having money in a current account earning twice what Nationwide will pay me.

I should add that none of these accounts need to cost anything in travel.

I’m doing the same, although I have a third condition that the interest must pay out after April 2021 (which rules out the Virgin accounts with their 11 March payment date) because my 2020/21 0% rate band has already been used up by other higher paying accounts. After 40% tax the 2% accounts are down to 1.2% and I currently get 1.5% in an ISA with a backup flexible (albeit variable) ISA paying 1.1%. The admin isn’t worth it otherwise.

There’s also a fourth condition that it should require no additional current accounts that I don’t already have.

So I’m opening the standard Lloyds, Halifax and TSB ones in April this year.

hgt

gozaimasu wrote: »

Really annoying, I went into the app and took a screenshot of my regular saver showing an account maturity date of 2021 - but they sent me an email a couple of days ago saying it matures soon. Reckon if I complain I can get them to extend the account for another year? Obviously I'm going to try since I have nothing to lose, but I'm interested to know what everyone else's app says about their account maturity date.

I doubt you'll get any joy I'm afraid seeing as they pulled the account in April 2019, and as they run for 12 months, the last possible maturity date anyone can have is April 2020.

polymaff

MDMD wrote: »

I’m doing the same, although I have a third condition that the interest must pay out after April 2021 (which rules out the Virgin accounts with their 11 March payment date) because my 2020/21 0% rate band has already been used up by other higher paying accounts. After 40% tax the 2% accounts are down to 1.2% and I currently get 1.5% in an ISA with a backup flexible (albeit variable) ISA paying 1.1%. The admin isn’t worth it otherwise.

There’s also a fourth condition that it should require no additional current accounts that I don’t already have.

So I’m opening the standard Lloyds, Halifax and TSB ones in April this year.

I'm working on 2% as acceptable for RS accounts. The rule I apply - maybe you two, too - is that it must be funded by regular income. Trickle-feeding a 2% RS from a 1.5% instant access is the thin end of the wedge...:)


At present...:rotfl: