We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Saffron Regular Savers

Hi
Just wondered if you already have the Members Month Loyalty Saver at 9%  if you can hold one of their Regular Savers as well or does this count as the only Regular Save you can hold at one time.
Thanks

Comments

  • friolento
    friolento Posts: 3,490 Forumite
    1,000 Posts Second Anniversary Name Dropper Photogenic
    I have both. IIRC, the restriction applies to the 12 Month Members' Regular Saver and the Small Saver only, not to the Members Month Loyalty Saver. I did apply for a second 12 Month Members' Regular Saver by mistake, when I was after the Loyalty saver. It was opened originally but they closed it within days.
  • Section62
    Section62 Posts: 11,025 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    Hi
    Just wondered if you already have the Members Month Loyalty Saver at 9%  if you can hold one of their Regular Savers as well or does this count as the only Regular Save you can hold at one time.
    Thanks
    The 9% Member Loyalty RS was treated as a special product (like the 170th Birthday one a while back) which they allowed members to have in addition to the (standard) 12 month RS or Small Saver RS.

    If in doubt, give them a call.  Their call centre staff are very helpful and have good product knowledge.
  • Growingold
    Growingold Posts: 569 Forumite
    Seventh Anniversary 100 Posts Name Dropper
    Section62 said:
    Hi
    Just wondered if you already have the Members Month Loyalty Saver at 9%  if you can hold one of their Regular Savers as well or does this count as the only Regular Save you can hold at one time.
    Thanks
    The 9% Member Loyalty RS was treated as a special product (like the 170th Birthday one a while back) which they allowed members to have in addition to the (standard) 12 month RS or Small Saver RS.

    If in doubt, give them a call.  Their call centre staff are very helpful and have good product knowledge.
    Call centre and brancges closed today staff training :)
  • happybagger
    happybagger Posts: 1,335 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Combo Breaker

    open until 2pm
  • where_are_we
    where_are_we Posts: 1,338 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I have both the 9% Members Loyalty RS and the 5% Standard RS - no problems. As has been stated you can only have one of either the Standard RS and the Small Saver RS. Last increase of interest rate on the Standard RS was 26/7. Will there be a response to the latest BOE increase?
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.3K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.