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

Slinky

Slinky said:

Well I've cancelled them, but they're still showing in the list of payments to be made  (Santander). Will check on Monday to see if the cancellations have been processed.

I will probably try my luck with Principality so I'd rather not draw attention to myself in advance.

The standing orders from Santander I cancelled at the weekend have been processed and are no longer showing as due to be paid on Friday.

What_time_is_it

Bridlington1 said:

What_time_is_it said:

Morning all.
I have quite a few regular savers maturing in Jan and Feb. Can any contributors enlighten me as to whether the following do or do not accept a “13th payment”?

Bank of Scotland 
Chorley
Coventry
Darlington
Ford
Furness
Halifax
Loughborough
Mansfield
Newcastle
Principality
Progressive
Suffolk
West Brom

Thanks! 🙂

BOS- 13th payment is allowed
Chorley- Set end date but no maximum balance so yes.
Coventry- Depends on the account, some go by account month, others go by calendar month
Darlington- Is it the 12 Month RS Issue 1? If so then max balance is £3k so no 13th payment permitted
Ford- Yes
Furness- Yes
Halifax- Yes
Loughborough- Is it the 1Y Fixed Rate RS Issue 2? If so no.
Mansfield- Yes, but account doesn't mature as such, the bonus bit of the interest rate just ends, this'll need to be done by branch or post.
Newcastle- No
Principality- No
Progressive- No
Suffolk- Yes
West Brom- No

You are an absolute legend @Bridlington1
Thank you so much.

Bridlington1

What_time_is_it said:

Bridlington1 said:

What_time_is_it said:

Morning all.
I have quite a few regular savers maturing in Jan and Feb. Can any contributors enlighten me as to whether the following do or do not accept a “13th payment”?

Bank of Scotland 
Chorley
Coventry
Darlington
Ford
Furness
Halifax
Loughborough
Mansfield
Newcastle
Principality
Progressive
Suffolk
West Brom

Thanks! 🙂

BOS- 13th payment is allowed
Chorley- Set end date but no maximum balance so yes.
Coventry- Depends on the account, some go by account month, others go by calendar month
Darlington- Is it the 12 Month RS Issue 1? If so then max balance is £3k so no 13th payment permitted
Ford- Yes
Furness- Yes
Halifax- Yes
Loughborough- Is it the 1Y Fixed Rate RS Issue 2? If so no.
Mansfield- Yes, but account doesn't mature as such, the bonus bit of the interest rate just ends, this'll need to be done by branch or post.
Newcastle- No
Principality- No
Progressive- No
Suffolk- Yes
West Brom- No

You are an absolute legend @Bridlington1
Thank you so much.

No worries. One thing to note with Mansfield is that some have sent a completed application form for a new Bonus RS along with instructions to close the old one and they've refreshed the account that way.

Alternatively if you prefer you can just ask them to close the account on a set future date, i.e. send instructions by post now telling them to close the Bonus RS on the day the bonus rate of interest expires. They'll then just keep hold of your passbook and carry out the closure on the date specified.

Withdrawals by post are by cheque but they can split it into smaller cheques of whichever values you wish for ease of getting into the banking apps.

soulsaver

soulsaver said:

Kim_13 said:

… That would explain why I haven’t heard anything. Found an undeliverable in my junk box, saying the file size is too large. PDF is 13.4MB, but the maximum allowed is 15MB. According to the message the email was 56MB - how?! 

Tried extracting the images but they come to more than 15MB that way as it’s a 4 page form 🤷🏻‍♀️

Try 'PDFGear' to merge pages to one PDF. Omit 4th page (office use only, IIRC)? Or ring them and ask if you can omit it, if you'd like to be certain?

My 4 page single PDF was 483 kBs, sent 22nd Dec

topyam

Just got the Principality one year fixed rate bond (4.85%). What wasn't appealing a while ago, now is... Tbh can't see many fixed rate RS hanging about. 

Hattie627

topyam said:

Just got the Principality one year fixed rate bond (4.85%). What wasn't appealing a while ago, now is... Tbh can't see many fixed rate RS hanging about. 

Always good to get a fixed rate RS while it's available. As long as you can close early if necessary, which Principality allows.

happybagger

Anybody with a Furness BS 1 year RS, it's going down from 4.00 to 3.75 on 12 Jan. Had an email despite mine having already matured.
Last winter they offered a festive RS in January, here's hoping.

Bridlington1

Leeds BS Interest Rate Reductions 4/2/26:

Home Deposit Saver (balances under £30k)~~~ NO CHANGE ~~~ Remains at 4.8%. The rate for balances above £30k reduces from 1.7% to 1.45% however.

REGULAR SAVER (ISSUE 51, 52, 53, 54, 56, 57, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, & 71) ~~~ Reduction from 4.7% to 4.45% for balances below £6k

REGULAR SAVER (ISSUE 55 & 58) ~~~ Reduction from 4.85% to 4.6% for balances below £6k

surreysaver

Hattie627 said:

topyam said:

Just got the Principality one year fixed rate bond (4.85%). What wasn't appealing a while ago, now is... Tbh can't see many fixed rate RS hanging about. 

Always good to get a fixed rate RS while it's available. As long as you can close early if necessary, which Principality allows.

Even if you fund it with the minimum required, I'll tend to open fixed rate ones

topyam

Msurreysaver said:

Hattie627 said:

topyam said:

Just got the Principality one year fixed rate bond (4.85%). What wasn't appealing a while ago, now is... Tbh can't see many fixed rate RS hanging about. 

Always good to get a fixed rate RS while it's available. As long as you can close early if necessary, which Principality allows.

Even if you fund it with the minimum required, I'll tend to open fixed rate ones

That certainty is v appealing atm
I can see fixed rate RS becoming less common tbh amd those that are available becoming NLA