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

happybagger

Scottish BS Regular Saver effective 30 January from 6.50% down to 6.00%

source

clairec666

cricidmuslibale said:

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.]

I've had better luck with Coventry - they've only cut my ISA rate from 4.15% to 4%. Fairly pleased with that. Their regular saver offerings haven't been very enticing for a while now.

As for other building societies, Nationwide have kept their regular saver at 6.5% for quite a while now, and Principality have dropped rates on other accounts since 18/12 but no change to their regular saver offering. Issue 5 coming?

Bridlington1

Bobblehat said:

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 

Well I'm eligible but closer to the minimum age than the maximum age so I've pounced, it'll go nicely alongside my Bath 16-25 RS which doesn't mature for another 3 years.

I've tweaked the categories on P1 of this thread slightly as the maximum age of 30 shall make a lot of people ineligible, thus p1 of this thread now stipulates that for an account to be included in the Open to All section it must have no maximum age for the applicant, thus Harpenden RS offering today shall be added to the newly renamed Local/Loyal/Beta/Age Restricted/New Member Only accounts section.

Hattie627

I'm at the opposite end of the age spectrum. Other than children's accounts, I don't think we have seen many RS accounts which exclusive to adults within a certain age range. Hope this is not a new trend. 

Kim_13

happybagger said:

Scottish BS Regular Saver effective 30 January from 6.50% down to 6.00%

source

Ouch. That's me not funding it this month. I was going to do so with my Premium Bond winnings but may as well keep hold of it in anticipation of a new Principality issue and making February's funding easier. 

Particularly bad that they have cut by double the base rate cut on a product that is still accepting applications. 

Bobblehat

Bridlington1 said:

Bobblehat said:

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 

Well I'm eligible but closer to the minimum age than the maximum age .....

I have to take my (Bobble)hat off to the energy and enthusiasm of youth 

ForumUser7

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.

Good to see societies moving to capture younger demographics. Most tend to just go with fintechs nowadays, so it is important for their future survival.

surreysaver

Kim_13 said:

happybagger said:

Scottish BS Regular Saver effective 30 January from 6.50% down to 6.00%

source

Ouch. That's me not funding it this month. I was going to do so with my Premium Bond winnings but may as well keep hold of it in anticipation of a new Principality issue and making February's funding easier. 

Particularly bad that they have cut by double the base rate cut on a product that is still accepting applications. 

Scottish

 Don't forget it's easy access, and the rate's not going down until the end of the month.

Maybe the biggish drop is in readiness for the account being launched online and the subsequent rise in demand?

trickydicky14

Kim_13 said:

happybagger said:

Scottish BS Regular Saver effective 30 January from 6.50% down to 6.00%

source

Ouch. That's me not funding it this month. I was going to do so with my Premium Bond winnings but may as well keep hold of it in anticipation of a new Principality issue and making February's funding easier. 

Particularly bad that they have cut by double the base rate cut on a product that is still accepting applications. 

That's not nice, that's a big drop.

Bob2000

WEST BROWWICH WINTER SAVER.

I applied for the account  yesterday noon and then received  a text and email that they were checking my ID.
Today at 10.26am, I had another email stating  that they needed  additional ID, so I resent my passport. 

Just got in, and it looks like the account  is open.
So do l apply to register for online access  or wait for WB to send me an email/letter?