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

Bobblehat

jaypers said:

Re Furness, I’ve found them to be about the slowest institution to credit money out of any that I have used. My Christmas Reg Saver matures tomorrow so it will be interesting how quick they are the other way!

Mine and Mrs Bobblehat's matured last night and we had instructed the funds to go to our nominated accounts. I was surprised to see it sat there this morning in a "Maturity Everyday Saver" earning 1.60%. I inquired via online chat why it had not been sent to the nominated accounts and was told it will get processed today manually and be available in nominated accounts tomorrow!

Like watching treacle flow! 

surreysaver

Bobblehat said:

jaypers said:

Re Furness, I’ve found them to be about the slowest institution to credit money out of any that I have used. My Christmas Reg Saver matures tomorrow so it will be interesting how quick they are the other way!

Mine and Mrs Bobblehat's matured last night and we had instructed the funds to go to our nominated accounts. I was surprised to see it sat there this morning in a "Maturity Everyday Saver" earning 1.60%. I inquired via online chat why it had not been sent to the nominated accounts and was told it will get processed today manually and be available in nominated accounts tomorrow!

Like watching treacle flow! 

I paid £2 into Furness on Friday evening. It materialised yesterday, when I paid £1 back into my nominated account. It was there this morning. So it must depend on whether their computer wants to do it or pass it to a human?

Hattie627

Furness BS Christmas RS

Mine matures on 22 January. I don't have online access, so posted the maturity instruction form (with passbook) on Friday last week (second class stamp), instructing closure on maturity with funds to transfer to nominated account.

Pleasantly surprised to receive email today from Furness, acknowledging receipt of my instructions and confirming that they will be implemented on maturity.

Nice touch by Furness. When posting instructions into the hands of Royal Mail, you can't help but worry that they go astray.

22nd is a Thursday, so I may have to wait until the Monday for the funds to arrive in NA.

Bridlington1

Mansfield BS Interest Rate Reductions 1/2/26:

Mansfield BS Bonus Regular Savings (Issue 8) ~~~ Reduction from 5.25% to 5.1% (both rates include a 1.85% bonus for 12 months).

lr1277

Scottish BS RS.

The rate is already 6%. Apparently it reduced on 8/1/26.

Bridlington1

lr1277 said:

Scottish BS RS.

The rate is already 6%. Apparently it reduced on 8/1/26.

Is the 6% rate showing that in online banking yet? I'm afraid I don't currently have access to view my account online.

I've had a skeg at their website and it seems there's contradictory info on there, one page says the 6% rate comes into effect 30/1/26:
https://www.scottishbs.co.uk/media/ydbf32f5/rate_page_web.pdf

Another page states the rate was effective 8/1/26:
https://www.scottishbs.co.uk/savings/savings-explained/savings-interest-rates/

I'm also yet to receive notification of any reduction to my regular saver rate. I don't know if their website contains a typo somewhere.

where_are_we

Bridlington1 said:

Mansfield BS Interest Rate Reductions 1/2/26:

Mansfield BS Bonus Regular Savings (Issue 8) ~~~ Reduction from 5.25% to 5.1% (both rates include a 1.85% bonus for 12 months).

My MBSBRS(8) account`s 12 month1.85% bonus rate runs out at the end of this month. Is it possible to close the account withdrawing final balance to nominated account and then a few days later open a new one?

figgyc

Bridlington1 said:

lr1277 said:

Scottish BS RS.

The rate is already 6%. Apparently it reduced on 8/1/26.

Is the 6% rate showing that in online banking yet? I'm afraid I don't currently have access to view my account online.

I checked SBS Online and it still shows 6.50% for me.

Some of the accounts under the page you linked say:

Interest rates effective from 8 January 2026 for accounts opened on or after that date.
For accounts opened before 7 January 2026, rates are effective from 30 January 2026.

not the Regular Saver mind, but that seems to be the approach taken?

gt94sss2

I received a letter from Scottish Building Society today confirming that the interest rate on my Regular Saver will reduce to 6% (from 6.5%) from the 30 January.

Dizzycap

lr1277 said:

Scottish BS RS.

The rate is already 6%. Apparently it reduced on 8/1/26.

Not for me. My online account still shows 6.5% and I've yet to receive a letter or any communication reguarding a reduction in interest rate, even though we all know it's going to happen.

The Scottish BS website presently shows the RS @ 6% - Only one RS to be held in a single name at anytime.