Regular Saver Thread **New and Restarted**

sully1311

polymaff said:

A "your Regular E-Saver is due to mature" email two weeks before the maturity date, here, last June, for an E-saver.

Dear Polymaff,
Thank you for investing with us. When your Regular E-Saver matures, we will transfer your savings to our Easy Access E-Saver Reward Issue 18 account, which pays a variable interest rate of 1.16% Gross‡/AER†. This account is available exclusively to maturing Regular E-Saver customers.

Thanks for this but it's not an E-Saver, it's the in store only version.

sully1311

Wheres_My_Cashback said:

sully1311 said:

My Virgin Regular Saver is going to mature on the 1st March. I just wanted to know what’s the easiest way to withdraw funds without having to go into the branch? Do they write to you beforehand to let you know it’s going to mature and give you options?

ive read the withdrawal options for this account but they seem to be general terms and not specific to the account. Is it possible for them to do a BACS/FP transfer to my current account?

sully1311 said:

My Virgin Regular Saver is going to mature on the 1st March. I just wanted to know what’s the easiest way to withdraw funds without having to go into the branch? Do they write to you beforehand to let you know it’s going to mature and give you options?

ive read the withdrawal options for this account but they seem to be general terms and not specific to the account. Is it possible for them to do a BACS/FP transfer to my current account?

Ring Virgin HO, ask them to send you maturity instruction paperwork and pre-paid envelopes (x the amount of accounts you have), complete and request Faster Payment to your nominated account, post back to them with your passbook.
They have always transferred funds on maturity date for all of my matured accounts.

Thanks for this. Will do in the morning.

20SmthngSver

Saffron Building Society - Small Saver
4% but can only add max. of £50 per month for 12 months. Meaning £13 interest. 
Not designed as a children's account, but I guess it could be added to there as it could be good for kids.
https://www.saffronbs.co.uk/savings/immediate-access-savings-accounts/small-saver-gr4/

colsten

20SmthngSver said:

Saffron Building Society - Small Saver
4% but can only add max. of £50 per month for 12 months. Meaning £13 interest. 
Not designed as a children's account, but I guess it could be added to there as it could be good for kids.
https://www.saffronbs.co.uk/savings/immediate-access-savings-accounts/small-saver-gr4/

Limited to residents of the following post codes: 

• CB
• CO
• CM
• SG
• RM
• IG
• EN
• AL
• SS

Mee

"20SmthngSver said:

Saffron Building Society - Small Saver
4% but can only add max. of £50 per month for 12 months. Meaning £13 interest. 
Not designed as a children's account, but I guess it could be added to there as it could be good for kids.
https://www.saffronbs.co.uk/savings/immediate-access-savings-accounts/small-saver-gr4/

"
Not for me at the moment due to "Only hold one Regular Saver or Small Saver with Saffron Building Society at a time"

abz88

Can't see an update on this (although it could be hidden in between comments on people's thoughts on the sites new layout), but Saffron RS is now down to 2.5% as of Thursday 6th but allows a pay in of £500
https://www.saffronbs.co.uk/savings/immediate-access-savings-accounts/12-month-fixed-rate-regular-saver-issue-5-gr3/

glider3560

abz88 said:

Can't see an update on this (although it could be hidden in between comments on people's thoughts on the sites new layout), but Saffron RS is now down to 2.5% as of Thursday 6th but allows a pay in of £500
https://www.saffronbs.co.uk/savings/immediate-access-savings-accounts/12-month-fixed-rate-regular-saver-issue-5-gr3/

Looks like a new issue (Issue 5).  Branch only opening, but no residency requirements (unlike the "Small Saver").

abz88

glider3560 said:

abz88 said:

Can't see an update on this (although it could be hidden in between comments on people's thoughts on the sites new layout), but Saffron RS is now down to 2.5% as of Thursday 6th but allows a pay in of £500
https://www.saffronbs.co.uk/savings/immediate-access-savings-accounts/12-month-fixed-rate-regular-saver-issue-5-gr3/

Looks like a new issue (Issue 5).  Branch only opening, but no residency requirements (unlike the "Small Saver").

My Issue 3 is due to mature next month, would have been happy enough with 2.5% giving other rates are dropping to the 2% mark, but if it's branch only then not one I'll be able to use unless they make an exception for existing customers like with previous issues.

caroline1973lefty

Hi there, sorry if this is a silly question but my head is melting!  I’ve got about £6k in a Natwest Savings Builder account (which pays 1.5% apr on balances up to 10,000, for any month where balance increases by £50). At the moment I can afford to save more, possibly 500 or so month - is it worth me now opening a regular saver with say Coventry that pays 2.5%, and just paying 50 to Natwest to get the monthly bonus interest? Or would I get more (in the short term) if I stashed it all on top of the larger sum. Importantly, I am only really thinking short term right now cos I might need all this money in the next few months, not sure at the moment, but both Natwest and Coventry are fairly penalty fee (just lose a month’s interest). I guess it’s not big financial difference given sums involved but very little helps and I’d like to think I’m doing sensible thing (for once...)

caroline1973lefty

caroline1973lefty said:

Hi there, sorry if this is a silly question but my head is melting!  I’ve got about £6k in a Natwest Savings Builder account (which pays 1.5% apr on balances up to 10,000, for any month where balance increases by £50). At the moment I can afford to save more, possibly 500 or so month - is it worth me now opening a regular saver with say Coventry that pays 2.5%, and just paying 50 to Natwest to get the monthly bonus interest? Or would I get more (in the short term) if I stashed it all on top of the larger sum. Importantly, I am only really thinking short term right now cos I might need all this money in the next few months, not sure at the moment, but both Natwest and Coventry are fairly penalty fee (just lose a month’s interest). I guess it’s not big financial difference given sums involved but very little helps and I’d like to think I’m doing sensible thing (for once...)

“Every” little helps, I meant!!