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

allegro120

happybagger said:

nottsphil said:

GetRichOrDieSaving said:

Darlington -  Progressive BS - 

I’ll be making complaints to both in due course.

I've had the same issue with Chorley. When should I have got my money if the RS matured on 31 December? I prearranged for it to continue, with matured funds going into the linked current account.

Chorley use Bacs not faster payments so can take 3 working days (their terms say up to 5!)

And, if like me you time your visit to Chorley to do it in branch, they will do it in branch by chaps at a cost of £25!! Bacs not available in branch, but you can take a cheque. So I took the cheque!

All a bit behind the times really but within their terms

31st December is probably the worst date for maturity. 5 days of cash drag and it will be exactly the same next year.  £3.38 loss for me this time. Slightly disappointing but the net return is still above what I get from EAs.  

If I was near the branch I would go for branch-cheque option. Last time I cashed cheque in HSBC the money arrived next day.

trickydicky14

West Brom B.S
My regular saver was showing with interest on the morning of the 31st so requested it all sent to my nominated bank account, now looks like I wont see my money until Monday the 5th.

alfred64

trickydicky14 said:

West Brom B.S
My regular saver was showing with interest on the morning of the 31st so requested it all sent to my nominated bank account, now looks like I wont see my money until Monday the 5th.

They work Sat mornings. My branch rs has two months to run. I am hoping another rs will be issued , even if it's 5% or 5.5%.  I've had a decent run with West Brom.

Kim_13

alfred64 said:

trickydicky14 said:

West Brom B.S
My regular saver was showing with interest on the morning of the 31st so requested it all sent to my nominated bank account, now looks like I wont see my money until Monday the 5th.

They work Sat mornings. My branch rs has two months to run. I am hoping another rs will be issued , even if it's 5% or 5.5%.  I've had a decent run with West Brom.

If I recall correctly from when mine matured, funds landed suddenly on a Saturday afternoon. So it’s possible but due to how my bank dated the transaction (high street account) I wasn’t able to move the funds onward until the Monday and earned no interest in the interim.

Bigwheels1111

My Progressive reg saver matured today.
I was able to withdraw all but £1.00.
I will ring on Monday to get that sent over and account closed.
Anyone know how long they take to transfer finds.
Thanks in advance.

They just sent me an email, looks like some time Monday as it’s a non working day today.

Bridlington1

dibbles212 said:

happybagger said:

dibbles212 said:

arthurdick said:

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.

Oh well, to be expected, I don't blame them, if it help them keep afloat, all good.  I will still be staying with them once it is sorted, it was nice to see it though.

I attempted to withdraw and close from my Issue 1 this afternoon after noticing that the rate is dropping to 4.5% later this month, and I need the funds soon. The interest accrued looked reasonable (it shows what is accrued when you confirm closure), and it allowed me to withdraw and close the account. I'll hopefully receive the money later today.

Sounds like a different issue of the RS. Mine is at 6%

I'm taking Issue 1 to be the RS at 4.75% and Issue 2 to be the one at 6%.

Both dropping by 0.25% on 20th Jan.

In addition to the above I've just spoken to them and their 12 Month RS Issue 3 is due to remain unchanged so shall remain at 4.75%. This gives the following:

Account	Old Rate	New Rate	Date
Darlington BS 12 Month Regular Saver Issue 1	4.75%	4.50%	20/01/2026
Darlington BS 12 Month Regular Saver Issue 2	6.00%	5.75%	20/01/2026
Darlington BS 12 Month Regular Saver Issue 3	4.75%	NO CHANGE	20/01/2026

Stargunner

Bigwheels1111 said:

My Progressive reg saver matured today.
I was able to withdraw all but £1.00.
I will ring on Monday to get that sent over and account closed.
Anyone know how long they take to transfer finds.
Thanks in advance.

They just sent me an email, looks like some time Monday as it’s a non working day today.

Mine matured today as well.

There was an option to close the account and withdraw the full balance, which is what I did.

Bigwheels1111

Stargunner said:

Bigwheels1111 said:

My Progressive reg saver matured today.
I was able to withdraw all but £1.00.
I will ring on Monday to get that sent over and account closed.
Anyone know how long they take to transfer finds.
Thanks in advance.

They just sent me an email, looks like some time Monday as it’s a non working day today.

Mine matured today as well.

There was an option to close the account and withdraw the full balance, which is what I did.

AHH missed that.

Does not hurt to leave a £1 in the account.

Just in case they offer a better rate later for existing customers.

DealSeeker11

Beverley Building Society 

My RS account is still showing 1% despite putting in £150/month since Sep. Someone mentioned theirs is now showing 5.5% as expected, is this the case with everyone?

Bridlington1

DealSeeker11 said:

Beverley Building Society 

My RS account is still showing 1% despite putting in £150/month since Sep. Someone mentioned theirs is now showing 5.5% as expected, is this the case with everyone?

For me the bonus interest of 4.5% has been paid on top of the 1% interest, however the account's interest rate still shows as 1%, presumably because I haven't met the criteria for earning the bonus rate for 2026.