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

ChewyyBacca

happybagger said:

ChewyyBacca said:

I need to withdraw from/close Yorkshire Loyalty Regular eSaver at 4.85%, to release some funds for Jan

Before I do that, just wanted to check here, if YBS offers any favourable maturity accounts that I should wait for, as maturity of this RS is early Feb.
Thanks

they move it into an unrestricted easy access account paying 3.95% currently, so fairly reasonable as a stopgap and useful to leave a membership minimum.
withdrawal from it took until the end of the following day.

Bridlington1 said:

ChewyyBacca said:

I need to withdraw from/close Yorkshire Loyalty Regular eSaver at 4.85%, to release some funds for Jan

Before I do that, just wanted to check here, if YBS offers any favourable maturity accounts that I should wait for, as maturity of this RS is early Feb.
Thanks

The only thing to bear in mind with YBS is that their systems seem to struggle to calculate how long you've been a member when your membership consists of overlapping accounts as it seems to go off the length of time your oldest open account has been open. It's for this reason I've kept hold of an EA account from 2022 with £1 in it.

If it isn't your oldest open YBS account I'd just close it, the account just rolls into an EA account at a lower rate.

happybagger Thank you. I had forgotten about the withdrawal+1 day rigamarole. My RS funding will be delayed by a day

Bridlington1 Thank you. I need to look at account opening date, though my excel sheet isnt complete in this regard. Anywhere mentioned on webapp the AOD?

dibbles212

Moving funds

Thanks all. Looks like there's no clear consensus so I'll stick with what I'm doing for now.

happybagger

dibbles212 said:

Moving funds

Thanks all. Looks like there's no clear consensus so I'll stick with what I'm doing for now.

Just to add, the lost one day per month interest between the IA feeder account and current account works out at about £8 p/a. Whereas running my cash to RS accounts results in £1400 a year higher interest than in instant access.
For an easy life it's a no brainer for me.

AndyTh_2

coventry have their rate change up now https://www.coventrybuildingsociety.co.uk/content/dam/cbs/member/pdfs/savings/rate-change-notice.pdf

19th Jan
First Home Saver First Home Saver 1 and 2 - down to 4.25% (from 4.5%)
Loyalty Regular Saver (3) - down to 4.65% (from 4.90%)
Loyalty Seasonal Saver - down to 5% (from 5.25%)
Regular Savings Account - down to 3.7% (from 3.95%)
Regular Saver (6) - down to 4% (from 4.15%)
Sunny Day Saver - down to 4.15% (from 4.3%)

20th Jan
Loyalty Mortgage Saver 1 - down to 5% (from 5.25%)
Loyalty Mortgage Saver 2 - down to 4.55% (from 4.8%)
Childrens Regular Saver - down to 3.40% (from 3.65%)

trickydicky14

Darlington BS
I like others have received a large interest payment but also it appears they have returned my standing order for January, anyone else had this issue. 
I have one other payment to Scottish BS that is not showing but I assume that's due to a bank holiday in Scotland.

flaneurs_lobster

trickydicky14 said:

I have one other payment to Scottish BS that is not showing but I assume that's due to a bank holiday in Scotland.

Scottish bank holiday won't be the reason, Scottish BS have been taking 2 working days to show payments crediting the RS.

happybagger

trickydicky14 said:

Darlington BS
I like others have received a large interest payment but also it appears they have returned my standing order for January, anyone else had this issue. 

Darlington BS

My SO has gone from my current account and shows correctly in my Darlington account.

also Beverley BS

I have emailed to ask them what the situation is regarding the missing "bonus" element of interest

Hattie627

Darlington BS

SO of £250 not returned and now showing in my Darlington account. Interest of £93.49 dated 31 December still showing (not yet reversed)

SH88SH88

Santander RS

How strictly do they enforce the T&C's ?

I was thinking that it was a Calendar Month type account,  rather than an Account Month. Therefore I paid the initial deposit in mid-month (Dec) and the second payment earlier this month.
It also seems to imply that payment must be from a SO, whereas I did an internal transfer. 

happybagger

AndyTh_2 said:

coventry 
Sunny Day Saver - down to 4.15% (from 4.3%)

Rubbish rate gets even more rubbish for a RS but probably still worth keeping going with £10 p/m until August for the prize draw entry (incidentally @Bridlington1 the link to this account in "no chat" says wayback no longer has that page saved)