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

Dizzycap

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. 

Although I agree it's an ouch interest rate drop  , in the scheme of things overall it's in line with a number of RS, especially when you consider some other RS have also had interest rate cuts. Personally, I'd rather fund / part fund a 6% account than a 5.25% - 5% any day, although in a few months I may very well be eating my words and be happy to fund RSs in the 5% range. However, I will admit, I'm now using my Natwest Digital RS as a 'Save the Change / Moneybox' account - Any pennies left over at the end of the month, get thrown in knowing I can access funds as and when  

Bobblehat

Bob2000 said:

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?

I would wait until tomorrow. It seems, according to WB's CS agent, that they send the email out when the account is "almost fully" open! I got my email today and failed to open the online access after a couple of tries, but was told it should work tomorrow. You should get another email tomorrow with details of how to register for online access. 

Others on here have tried to fund it today and failed with COP, although some might have succeeded. Tomorrow should give a more certain level of success.

Bobblehat

trickydicky14 said:

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.

If you have funds languishing in 4.0% - 4.5% EA accounts, then 6% might still seem a good deal!

allegro120

clairec666 said:

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?

I've had RSs with Coventry none-stop for about 15 years until now. My Loyalty Seasonal ended on 20th December and there's nothing to replace it with.  Similar with YBS, I used to have a few running simultaneously but now it's only The 50 Pound.

Bob2000

Bobblehat said:

Bob2000 said:

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?

I would wait until tomorrow. It seems, according to WB's CS agent, that they send the email out when the account is "almost fully" open! I got my email today and failed to open the online access after a couple of tries, but was told it should work tomorrow. You should get another email tomorrow with details of how to register for online access. 

Others on here have tried to fund it today and failed with COP, although some might have succeeded. Tomorrow should give a more certain level of success.

Ok, thanks for that reply.
Fingers crossed for  tomorrow. 

allegro120

Hattie627 said:

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. 

These are rare.  I have 5 year £550pm for 55+ with Loughborough.  I used to have a 50+ account with Saga, can't remember now what type of account it was.

allegro120

ForumUser7 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.

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.

True.  In my recent experiences, I can't recall seeing any customers looking under 55 in branches I visited. 

allegro120

surreysaver said:

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?

It's a massive drop, most BSs dropped by 0.25% and less.  This doesn't put me off, I'll carry on funding, and if any other BS will offer me another 6% I have that too

jameseonline

Bridlington1 said:

Bridlington1 said:

s71hj said:

Saw 3 pages of new posts in 2 hours and thought some fantastic new RS must have been released, the Principality Green Shirt New Year Saver or some such. 

Well to put that right for you:

West Brom have launched a Winter Ready Savings Account at 6% fixed:
Can be opened online or in branch
Matures 31/10/26
£100/mth max
Max balance £1k
No withdrawals permitted until the end of its term.

In addition to the above I've just noticed this in the terms:

• If you make five or more deposits by 31 October 2026, you’ll be entered into a prize draw where four customers will each win £250 to help with their winter budget (subject to terms and conditions).

The summary box states the deposits need to be £1 or more to be eligible for the prize draw.

So another prize draw account, wonder if this is going to become the norm now

jameseonline

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.]

Poor rates &/or low deposit limit for YBS, it's not really that much of a surprise there's no change