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

clairec666

Swingometers at the ready!

But instead of a swing between blue and red, I like to look at the swing between ISAs and regular savers. As my regular saver collection has built up to the point where I'm taxed on my interest, I need to weigh up the interest rate after tax vs what I can get in an ISA.

Sometimes ISA rates seem more competitive, and sometimes it swings in favour of more regular savers.

ISA rates have dropped off quite a bit recently, and regular savers are (thus far) not falling quite as much.

It's the "marginal seats" that are of most interest - the accounts from 5-5.5%.

gt94sss2

Bridlington1 said:

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. 

The Dudley letter was dated the 18th December (the same date as the base rate change)

The Festive Saver did not go on sale until the 19th so I assume it is unaffected. 

The letter only mentions the accounts you hold with Dudley.

Archerychick

Bridlington1 said:

clairec666 said:

Thanks - much more thorough than my list! Quite a few still to be announced, I'm anticipating a few more cuts to come.

We're still only 6 days in to be fair. But for those trying to avoid all things festive, the regular savers election night coverage has only just begun and shall continue to run into 2026.





 

Much appreciated, so much time on my hands over the next few weeks! I’ve already set up my projection and budget for 2026. Also checked that I can pull funds out of various regular savers late March so I make sure I use my full ISA allowance otherwise the tax bill next year will be larger!

happybagger

gt94sss2 said:

Bridlington1 said:

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. 

The Dudley letter was dated the 18th December (the same date as the base rate change)

The Festive Saver did not go on sale until the 19th so I assume it is unaffected. 

The letter only mentions the accounts you hold with Dudley.

I asked this when I called in and opened the branch version, I already had the online one, advisor and branch was very busy I have to admit. No "current plans" to change the rates. She read through " so many emails I've had this morning" and also described the online version as "withdrawn" rather than paused or suspended etc.

Hattie627

happybagger said:

gt94sss2 said:

Bridlington1 said:

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. 

The Dudley letter was dated the 18th December (the same date as the base rate change)

The Festive Saver did not go on sale until the 19th so I assume it is unaffected. 

The letter only mentions the accounts you hold with Dudley.

I asked this when I called in and opened the branch version, I already had the online one, advisor and branch was very busy I have to admit. No "current plans" to change the rates. She read through " so many emails I've had this morning" and also described the online version as "withdrawn" rather than paused or suspended etc.

Dudley BS Festive Saver

Having successfully opened and funded the online version on the day it launched last week, I wasn't going to bother with the branch/postal version. However, having had a spare hour this afternoon and with the helpful post earlier today providing a freepost address for Dudley, I decided to print out the application form and fill it out along with a cheque in my favour for £250 as the initial deposit. The envelope won't be collected by Royal Mail until Saturday (if even then) so I won't post it until Friday. Hopefully I won't be too late but I won't be too upset if I am.

Thanks for all the helpful posts on this topic.

Dizzycap

Bridlington1 said:

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.

In consideration that both the Festive RS were available the day after the interest rate cut, I would assume that the rate cut had been factored in the 5.5% rate offered on the Festive RS - which is probably why the online FRS version was pulled so fast! There's no message in my Dudley account or info in the Dudley Festive RS letter I received today dated 22nd December to say there will be any interest rate cut on the FRS.

Dizzycap

Hattie627 said:

happybagger said:

gt94sss2 said:

Bridlington1 said:

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. 

The Dudley letter was dated the 18th December (the same date as the base rate change)

The Festive Saver did not go on sale until the 19th so I assume it is unaffected. 

The letter only mentions the accounts you hold with Dudley.

I asked this when I called in and opened the branch version, I already had the online one, advisor and branch was very busy I have to admit. No "current plans" to change the rates. She read through " so many emails I've had this morning" and also described the online version as "withdrawn" rather than paused or suspended etc.

Dudley BS Festive Saver

Having successfully opened and funded the online version on the day it launched last week, I wasn't going to bother with the branch/postal version. However, having had a spare hour this afternoon and with the helpful post earlier today providing a freepost address for Dudley, I decided to print out the application form and fill it out along with a cheque in my favour for £250 as the initial deposit. The envelope won't be collected by Royal Mail until Saturday (if even then) so I won't post it until Friday. Hopefully I won't be too late but I won't be too upset if I am.

Thanks for all the helpful posts on this topic.

I've done the same except I sent my postal application on Friday 19th December and still have't heard anything from Dudley regarding my postal application or had my cheque cashed. Others seemed to have had their postal application accepted quicker with their FRS opened within a few days, so it'll either be opened or not. I also expect that Dudley have been inundated with postal applications based upon their systems inability to cope with the number of online applications in a single day before it was pulled.

As a side note: I received the usual set of Principality account maturity options on the 23rd december which I asked to be reinvested into another 2026 Christmas saver @ 6.5% and I've now received the bog standard 'you can only have one account as per our T&C's' rejection message. Fair enough.......

nomorekids

So sorry @dizzycap for your rejection too by principality, christmas present to me this morning from principality who seem to have honoured my maturity instructions and now have another Reg Saver 4. Nationwide wont let me log on to check to balance less £200 transferred but from Principality transaction history it looks like it has. I'll post update over next few days if this is reversed. Fingered crossed maturity date of 25th means I can keep it.

Dizzycap

nomorekids said:

So sorry @dizzycap for your rejection too by principality, christmas present to me this morning from principality who seem to have honoured my maturity instructions and now have another Reg Saver 4. Nationwide wont let me log on to check to balance less £200 transferred but from Principality transaction history it looks like it has. I'll post update over next few days if this is reversed. Fingered crossed maturity date of 25th means I can keep it.

@ nomorekids - I hope all goes through and it isn't reversed. Others have had their maturity instructions honored only to find their new account (same account number) is closed a day or two later and funds returned. I really hope this isn't the case for you   

Bob2000

Dizzycap said:

nomorekids said:

So sorry @dizzycap for your rejection too by principality, christmas present to me this morning from principality who seem to have honoured my maturity instructions and now have another Reg Saver 4. Nationwide wont let me log on to check to balance less £200 transferred but from Principality transaction history it looks like it has. I'll post update over next few days if this is reversed. Fingered crossed maturity date of 25th means I can keep it.

@ nomorekids - I hope all goes through and it isn't reversed. Others have had their maturity instructions honored only to find their new if successful account (same account number) is closed a day or two later and funds returned. I really hope this isn't the case for you   

Yup, it happened to me yesterday. Asked for my healthy habits  to be converted into another Xmas RS (on the 20th), would have been my 3rd.
So far, they haven't noticed  my cheeky  extra one.

Merry Christmas to everyone.