The Old Regular Savers Discussion Thread 28/12/24-29/1/26

rob37uk

Andystriker said:

Merry Christmas to all on this thread.  Thanks to Bridlington and everyone else who keeps us up to date.

Dudley Festive Regular Saver

I sent, by 1st class post, my application with my opening chq.  I posted it on Monday this week, 22nd December.  I was not expecting to hear back until after New Year.

To my amazement, I have just had todays post 24th December, and in it is the acceptance letter from Dudley with a shiney new passbook.

There is a Freepost address for Dudley that worked fine in the last few days to open a Festive saver 

Freepost DD203 

Dudley
West Midlands   
DY1 1BR

happybagger

Separately, for anyone with the Dudley BS Loyalty Regular Saver (still available), the rate will fall to 5.75% on 14 January. (source: letter)

alfred64

happybagger said:

Separately, for anyone with the Dudley BS Loyalty Regular Saver (still available), the rate will fall to 5.75% on 14 January. (source: letter)

Have they indicated whether the Regular Saver (5%) will decrease? I did not qualify for the loyalty one. If this one falls below current rate I shall probably stop funding it.

Hattie627

happybagger said:

Separately, for anyone with the Dudley BS Loyalty Regular Saver (still available), the rate will fall to 5.75% on 14 January. (source: letter)

Funny, it's still showing on the website as available at 6% and nothing about imminent reduction to 5.75%

gt94sss2

alfred64 said:

happybagger said:

Separately, for anyone with the Dudley BS Loyalty Regular Saver (still available), the rate will fall to 5.75% on 14 January. (source: letter)

Have they indicated whether the Regular Saver (5%) will decrease? I did not qualify for the loyalty one. If this one falls below current rate I shall probably stop funding it.

Yes, that is also decreasing to 4.75%

lucky77

Monmouthshire RS issue 8

Clairec666 - you were asking for recent experience of "refreshing" this account.

I did so this week.  Bit of a faff as due to "technical glitch" had to set new PIN and get App ID. You can't just close existing account. Says you need to phone or message.  I phoned and was told in fact you have to send message on App to prove your identity.  Having said that, it was closed a few hours later and I was able to open a new issue 8.  

Happy Christmas and many thanks to all who have posted helpful advice on this forum, especially Bridlington. It has been much appreciated.

clairec666

lucky77 said:

Monmouthshire RS issue 8

Clairec666 - you were asking for recent experience of "refreshing" this account.

I did so this week.  Bit of a faff as due to "technical glitch" had to set new PIN and get App ID. You can't just close existing account. Says you need to phone or message.  I phoned and was told in fact you have to send message on App to prove your identity.  Having said that, it was closed a few hours later and I was able to open a new issue 8.  

Happy Christmas and many thanks to all who have posted helpful advice on this forum, especially Bridlington. It has been much appreciated.

Hah, good old Monmouthshire, bless 'em. I might look for an easier option elsewhere!

roked

rob37uk said:

Andystriker said:

Merry Christmas to all on this thread.  Thanks to Bridlington and everyone else who keeps us up to date.

Dudley Festive Regular Saver

I sent, by 1st class post, my application with my opening chq.  I posted it on Monday this week, 22nd December.  I was not expecting to hear back until after New Year.

To my amazement, I have just had todays post 24th December, and in it is the acceptance letter from Dudley with a shiney new passbook.

There is a Freepost address for Dudley that worked fine in the last few days to open a Festive saver 

Freepost DD203 

Dudley
West Midlands   
DY1 1BR

Thanks for this! I missed out on the online one and the fact that both the application and withdrawal had to be done by post, on the other account, was putting me off. This sweetened it enough for me to go for it. Will be interested to see if it gets processed before the end of the month

Bridlington1

alfred64 said:

happybagger said:

Separately, for anyone with the Dudley BS Loyalty Regular Saver (still available), the rate will fall to 5.75% on 14 January. (source: letter)

Have they indicated whether the Regular Saver (5%) will decrease? I did not qualify for the loyalty one. If this one falls below current rate I shall probably stop funding it.

In addition does anyone know if the two festive RSs were mentioned in this round of rate cuts?

I'm yet to receive any post today so don't know if the letters only mention the accounts you hold or whether they mention all the affected accounts. Tried phoning Dudley but they've shut early for Christmas so shan't be open till Monday 29th.

Hattie627 said:

happybagger said:

Separately, for anyone with the Dudley BS Loyalty Regular Saver (still available), the rate will fall to 5.75% on 14 January. (source: letter)

Funny, it's still showing on the website as available at 6% and nothing about imminent reduction to 5.75%

They wouldn't be the first to do this, Progressive BS's website didn't update till the cuts came into effect the last few times, I've had to phone them to get advanced notice of cuts to their rates in the past. Their phone lines are shut till 30th though so unless they've sent out letters I shan't have any info till at least then.

clairec666

I've been keeping track of which of my accounts are facing an interest drop, which are staying the same, and which are yet to be announced. I'm only looking at accounts I actually have myself, so this is not a complete list:

Natwest / RBS - digital regular saver drops to 5.25% AER
Cooperative - remaining at 7%
Zopa - remaining at 7.1%
Skipton - tracks base rate
Nationwide - nothing yet announced (variable rate)
Monmouthshire - nothing yet announced (variable rate)
Darlington - nothing yet announced (variable rate)
Progressive - nothing yet announced (variable rate)
Hanley - nothing yet announced (variable rate)
Manchester - nothing yet announced (variable rate)
Principality - fixed rate, no new issue released yet (cuts to other accounts already announced)
Virgin - fixed rate, account not currently on offer
First Direct - fixed rate, no drop announced for new accounts
TSB - fixed rate, no drop announced for new accounts
Lloyds group - fixed rate, no drop announced for new accounts

I'm particularly keeping a lookout for Monmouthshire, Darlington, Progressive and Hanley, as they are variable rate and also some of my higher-paying accounts.