Regular Saver Thread **New and Restarted**

Special_Saver2

Hi Folks,


I have completed this weekend's update.


I have changed the Virgin Money Regular Saver from issue 10 to issue 11 and I have added the Nottingham BS Sunshine Regular Saver. For the Nottingham BS account, the website page says it is instant access with two penalty-free withdrawals per interest year whereas the downloadable PDF document says there are no withdrawals until maturity. I would suggest you check the details before opening this account. It is a variable interest rate account so they could in theory drop the interest rate and leave you no way to withdraw your money when it is earning the lower interest rate.


I will do another update next weekend.

SS2

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For those new to this thread, the first few posts are constantly updated and are on the first page

interest_Ted

They have today withdrawn issue 16 which paid 2.55% and replaced with issue 17 paying 2.30%. (Just as I was about to open a new reg saver as my issue 5 just matured today).
Unhappy Ted.:mad:

Speculator

interest_Ted wrote: »

They have today withdrawn issue 16 which paid 2.55% and replaced with issue 17 paying 2.30%. (Just as I was about to open a new reg saver as my issue 5 just matured today).
Unhappy Ted.:mad:

Call them.

Say you have already sent the forms out yesterday and noticed they have withdrawn issue 16 today.

They probably will still accept applications for several days after it has been withdrawn to allow for postal applications.

karlie88

interest_Ted wrote: »

They have today withdrawn issue 16 which paid 2.55% and replaced with issue 17 paying 2.30%. (Just as I was about to open a new reg saver as my issue 5 just matured today).
Unhappy Ted.:mad:

Sneaky.

Leeds BS are probably anticipating a 0.25% base rate rise by Bank of England in the next few months. So when/if the news is announced, the variable 2.3% should, in theory, increase to 2.55%.

Majority of customers will think that Leeds BS are great by passing on the increase. Many of us on here are not so easily fooled.

mhoc

karlie88 wrote: »

Sneaky.

Leeds BS are probably anticipating a 0.25% base rate rise by Bank of England in the next few months. So when/if the news is announced, the variable 2.3% should, in theory, increase to 2.55%.

Majority of customers will think that Leeds BS are great by passing on the increase. Many of us on here are not so easily fooled.

Very sneaky of them.
I am just very glad I read the advice on here and took a gamble and opened the Leeds 16 at the back end of June.
Looking online yesterday all 3 were showing - issue 4, issue 5 including the interest and issue 16.

EachPenny

karlie88 wrote: »

Majority of customers will think that Leeds BS are great by passing on the increase. Many of us on here are not so easily fooled.

I held back because the maturity date of Issue 16 would make it a very short lived RS and gambled on issue 17 soon being launched with a full run available. I'm not that upset though, I'm feeling close to saturation point with RS accounts and don't mind waiting for issue 18 or 19.

I've not been happy with Leeds shenanigins for a long time. I certainly wouldn't describe them as 'great'

pearl123

I opened a Nationwide Flexclusive Regular Saver two months ago. I've had a Nationwide Flexi current account for a couple of years. Used it for one year and kept £1.00 or so in in since the interest rate dropped.

Just looked fully at the terms and conditions for the Regular Flex Saver and noticed one needs to have been paying in the current account for three months to open it. I presume that fact that I ran a Nationwide current account in the past and its still open makes me qualify for interests on the Regular saver? i hope this all makes sense!

ColdIron

Depends what you mean by a flexi current account. The FlexAccount needs funding by £750 but it doesn't pay interest and you say that your interest rate dropped so I am guessing you have a FlexDirect which doesn't need £750

1. hold a FlexOne, FlexStudent, FlexDirect or FlexPlus account, OR
2. hold a FlexAccount and:
   • have been paying in £750+ a month for the last 3 months (excluding transfers from any Nationwide account held by you or anyone else)

pearl123

ColdIron wrote: »

Depends what you mean by a flexi current account. The FlexAccount needs funding by £750 but it doesn't pay interest and you say that your interest rate dropped so I am guessing you have a FlexDirect which doesn't need £750

1. hold a FlexOne, FlexStudent, FlexDirect or FlexPlus account, OR
2. hold a FlexAccount and:
   • have been paying in £750+ a month for the last 3 months (excluding transfers from any Nationwide account held by you or anyone else)

The first year when i opened the current account i pinging in £750. but when the first year finished I just allowed a couple of pounds to remain in the account. Recently, I've started again transferring £1000. in and out, but it was after opening the monthly flexi saver. Maybe, i should give them a ring to double check.

ColdIron

Giving them a ring would clear it up but so would identifying what account you have, FlexAccount or FlexDirect. It will tell you on your statements or online