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

Section62

Dizzycap said:

WillPS said:

mhoc said:

West Brom Winter Ready

Applied yesterday afternoon and today I had notification and the email with account details and I can fund from tomorrow - a long winded way of doing it but there it is ...

It's becoming increasingly common an instruction, and it usually is because they have gone for a Confirmation of Payee integration which runs once nightly.

I usually ignore the instruction, send straight away and just accept COP won't work; never had a deposit rejected yet!

I've just tried that and Lloyds ain't having none of it today. I can't even set-up a pre-dated SO as it's the same issue - Never had an issue before..... Oh well, yet more faffing around again tomorrow it is 

Same with Santander just now - claims the West Brom account number is wrong and gives no option to proceed with the payment.

Bobblehat

WillPS said:

mhoc said:

West Brom Winter Ready

Applied yesterday afternoon and today I had notification and the email with account details and I can fund from tomorrow - a long winded way of doing it but there it is ...

It's becoming increasingly common an instruction, and it usually is because they have gone for a Confirmation of Payee integration which runs once nightly.

I usually ignore the instruction, send straight away and just accept COP won't work; never had a deposit rejected yet!

According to CS at WBrom ... the account isn't "fully open yet"! That is why I can't set up a PIN for online access. Try again tomorrow they said! 

alfred64

When I opened my Dudley Regular Saver in Dudley branch  I was able to open it there and then without prior appointment. Same branch Festive Regular Saver unable to open it on spot  for some reason. Filled in form and left it with them. Received letter soon afterwards stating account now open and could fund it either in branch or online when passbook would be sent to me.
 All funding details followed and payments for December and then January sent by Faster Payments.
Since then no passbook, no letter, not a dicky bird from them.
 Will probably call later in week when I am in Dudley.
 

saverkev

West Brom

Got confirmation this morning of account open but unable to make deposit as account not recognised so not even got to cop (tried a few banks). However as my regular saver matured today I instructed them to transfer £100 into the Winter Ready account and balance to my nominated account - the money for my nominated account has left the West Brom account but not yet the £100.

happybagger

alfred64 said:

Festive Regular Saver unable to open it on spot  for some reason. Filled in form and left it with them. Received letter soon afterwards stating account now open and could fund it either in branch or online when passbook would be sent to me.
 All funding details followed and payments for December and then January sent by Faster Payments.
Since then no passbook, no letter, not a dicky bird from them.

I did the same but in a different branch, they were very busy so I had no problem with that, but I also left the £250 cash with the form, meaning they needed to give me a receipt. By doing this it ensured the form didn't disappear into the ether.

I received the passbook the following morning.

Sounds to me simply like the passbook is "lost in the post"

Bridlington1

YBS Interest Rate Reductions 5/2/26:

Account	Old Rate	New Rate	Date
YBS 50 Pound Regular Saver/eSaver	6.00%	NO CHANGE	05/02/2026
YBS First Home Saver/eSaver	4.70%	NO CHANGE	05/02/2026
YBS Loyalty Regular Saver/eSaver	4.85%	NO CHANGE	05/02/2026
YBS Regular Saver/eSaver	4.25%	NO CHANGE	05/02/2026

Bridlington1

Vernon BS Interest Rate Reductions 1/2/26:

Vernon BS Online Regular Saver ~~~ NO CHANGE ~~~ Remains at 5.75%

Kazza242

Harpenden Building Society have launched a new account called '18-30 Regular Saver (issue 1)', paying 6.00% (variable). 

As the account name indicates, this regular saver can only be opened by applicants who are aged between 18 to 30 years old.

- Up to £200 can be deposited per month
- The account runs for 12 months
- Max investment £2,400
- Available to open via Harpenden Online only (account cannot be opened by post or branch)

Further details, here.

Bobblehat

Kazza242 said:

Harpenden Building Society have launched a new account called '18-30 Regular Saver (issue 1)', paying 6.00% (variable). 

As the account name indicates, this regular saver can only be opened by applicants who are aged between 18 to 30 years old.

- Up to £200 can be deposited per month
- The account runs for 12 months
- Max investment £2,400
- Available to open via Harpenden Online only (account cannot be opened by post or branch)

Further details, here.

40+ years too late for me 

cricidmuslibale

Bridlington1 said:

YBS Interest Rate Reductions 5/2/26:

Account	Old Rate	New Rate	Date
YBS 50 Pound Regular Saver/eSaver	6.00%	NO CHANGE	05/02/2026
YBS First Home Saver/eSaver	4.70%	NO CHANGE	05/02/2026
YBS Loyalty Regular Saver/eSaver	4.85%	NO CHANGE	05/02/2026
YBS Regular Saver/eSaver	4.25%	NO CHANGE	05/02/2026

Well done Yorkshire Building Society!!! It really is a refreshing change to see a large, very well established building society decide to hold its Regular Saver interest rates after a recent Bank of England base rate cut of 0.25%, which lest we forget was voted for by the narrowest possible margin of 5 votes to 4! (Such a close vote in favour of a cut usually means the base rate will be held after the next B of E monetary committee meeting (6th Feb) with a more decisive vote in favour of holding it at 3.75%.)

What a contrast to e.g. Coventry Building Society which, despite the very narrow vote in favour of a base rate cut, did not hesitate to slash the vast majority of its interest rates from 19/20 January, with most of its Regular Saver interest rates due to be cut by the full 0.25% including the so-called Loyalty Regular Saver 3 which will have its interest rate reduced to a very mediocre (for a Loyalty RS) 4.65% variable! The vast majority of standard Regular Savers have higher interest rates than this!

[There are even bigger interest rate reductions of up to 0.45% for Coventry's limited access accounts from 19/20 January, which gives the strong impression (to me at least) that Coventry BS is taking its often quite loyal savers rather too much for granted at present; however that debate is for another thread.]