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

Hattie627

Coventry BS Sunny Day RS

Yes, I only opened this for the monthly prize draw. Been paying in £20 per month. I will keep going despite poor interest rate. In addition to the monthly draws there is a draw at the end with bigger prize. You'd think I was a gambler (I'm not!).

Kim_13

happybagger said:

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)

Yep, it’s like they think it’s an Easy Access or something. Their ordinary RS is even more uninspiring considering that as well as being nowhere near the top of the market, they would impose an interest penalty for a withdrawal unless it followed an interest rate change.

Hattie627

Beverley BS

Bonus now showing at £5.18. It's dated 1st Jan. Separate line from the interest dated 31 Dec

happybagger

Chorley BS

Both of their Reg Savers are now available again, with the new end dates, at 5.15% (reducing to 5.10% on 16/1/26)

Regular Saver to 31/12/26
Regional 2 Year Flexible Saver to 31/12/27 postcode restricted

Born2Save_3

SH88SH88 said:

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. 

In my experience, not at all...

You can do a manual transfer from your CA on the 1st, so longer earning time.  I have kept the SO but adjusted it to 1p.  There is some benefit for having the SO, ?RS roll over on anniversary?.  There is a way to transfer directly into the Santander RS account externally, and this has been discussed here.  The Santander RS account has a BS style roll number, so you need to also specify the right Sort and Account numbers.

You can also pay in more than the £200 monthly limit and so far I've not heard of anyone nor had my extra payments picked up on. What happens at the end, I don't know yet.  Interest may be paid on the 'over-the-full' deposits; it may not be. I made a monthly payment twice accidentally, and just left it as resolving the matter seemed like trouble.

HTH

Born2Save_3

MHBS RS Maturity Survey

Just received this email : 

"Dear B2S

You recently completed your Market Harborough Building Society regular saver maturity, and we’d love to understand more about your reinvestment choice.

This is a short survey and should only take around 4 minutes to complete.

<link to survey>

Your feedback is extremely important to us and will help shape our future maturities.

Thank you in advance.

Customer Experience Manager"

I'm miffed with MHBS for closing my extra accounts down last year and then restricting access to further RS by making them branch only.  Perhaps this is an opportunity to let them know they they should take a leaf from Principality/Skipton/Darlington/Progressive/Monmouthshire etc with regards maturity choices.  Simply because I would imagine that most people, not just RS experts, would move their money out of MHBS at maturity as the options provided were unappealing.

PS The link to the survey, stripped of all tracking and whatever is : 

https://www.surveymonkey.com/r/Regsavermaturity

friolento

SH88SH88 said:

Santander RS

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

  

 Not very, in my experience. Though YMMV. It’s a matter of trying, and keeping schtum about successes 😉

Bobblehat

Born2Save_3 said:

MHBS RS Maturity Survey

Just received this email : 

"Dear B2S

You recently completed your Market Harborough Building Society regular saver maturity, and we’d love to understand more about your reinvestment choice.

This is a short survey and should only take around 4 minutes to complete.

<link to survey>

Your feedback is extremely important to us and will help shape our future maturities.

Thank you in advance.

Customer Experience Manager"

I'm miffed with MHBS for closing my extra accounts down last year and then restricting access to further RS by making them branch only.  Perhaps this is an opportunity to let them know they they should take a leaf from Principality/Skipton/Darlington/Progressive/Monmouthshire etc with regards maturity choices.  Simply because I would imagine that most people, not just RS experts, would move their money out of MHBS at maturity as the options provided were unappealing.

Filled it in this morning ...... I mentioned that I saved less in one RS than the maximum due to their restrictive totals over two RSs. For the section on "Why did you move your money away from MHBS" .... I put it wasn't worth opening another RS while there was a large amount in the remaining RS. Just let us open two different issue RSs, each with their own sensible maximum .... like other BSs! 

happybagger

Re: Darlington BS interest

They are aware as there is a banner across the top of their homepage.
No account closures permitted until they sort it, apparently.

Hattie627

happybagger said:

Re: Darlington BS interest

They are aware as there is a banner across the top of their homepage.
No account closures permitted until they sort it, apparently.

Seems that the issue only affects the Regular Saver account (from the banner wording)