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

TheBanker

Principality
Does anyone know how they handle RS Maturities at weekends? Mine matures tomorrow. I've asked for the money back to my current account. Will i receive it tomorrow, or will it be Monday?

dibbles212

TheBanker said:

Principality
Does anyone know how they handle RS Maturities at weekends? Mine matures tomorrow. I've asked for the money back to my current account. Will i receive it tomorrow, or will it be Monday?

I recently had matured funds go to my current account on a Saturday, so you should be fine.

liger

What happens to the TSB Monthly Saver if you switch out the TSB current account and you don't have any other accounts with TSB?  Should I close down the Monthly Saver before the switch takes place?

MarkFromCornwall

daz378 said:

…but then prompted me to change my password...I backed out out as thought this strange...when I rang guy said they do this periodically

Progressive BS
It’s excessive.  They have required me to change my password at least three times.

flaneurs_lobster

MarkFromCornwall said:

daz378 said:

…but then prompted me to change my password...I backed out out as thought this strange...when I rang guy said they do this periodically

Progressive BS
It’s excessive.  They have required me to change my password at least three times.

In a week? A year?

allegro120

Stargunner said:

allegro120 said:

GetRichOrDieSaving said:

Think I’ll be giving the YBS 5% variable a miss. I currently have a monthly RS outlay of £3,850 with the lowest rate being 6%. As they mature i will open/fund the 5.25%-5.75% regular savers that are currently on offer (e.g. Skipton, Halifax, Lloyds etc).

Still have Santander Edge at 6% and 3x Cahoot Sunny Day Savers at 5% also.

I have all of them so not really in need of 5% RSs, but still opened YBS 5%. I might need it at some point, you never know.  It took about 3 minutes to open and make £1 deposit.  I wouldn't have bothered if the opening required any more effort than this.  It's a healthy addition to my £1 accounts collection, most of them pay significantly lower rates   

I just don’t see the point in opening numerous RS accounts with a £1. If they are a variable interest rate that is not competitive to start with, they are never likely to become competitive. 

Yes, the chances for my balance to go over £1 are slim.  At the same time the account is harmless so I don't see the point in not having it.
If I didn't have EAs paying the same rate I would deposit the full allowance and put it on my RS distribution list for February.  

Kim_13

flaneurs_lobster said:

MarkFromCornwall said:

daz378 said:

…but then prompted me to change my password...I backed out out as thought this strange...when I rang guy said they do this periodically

Progressive BS
It’s excessive.  They have required me to change my password at least three times.

In a week? A year?

I got the impression when I was asked to change mine this month that it must be every three months, as I was a new customer in October 2025 when Rainy Day Issue 4 was launched.

Zekko

Progressive BS - Online Rainy Day Saver 4

I've just received an email notifying that the interest rate will be dropping from 7% --> 6.75% effective from 1st February 2026.

masonic

Progressive: Effectively I change my password each time I log in. That would fit with a quarterly schedule as I usually go at least 3 months between logins. Not an issue, although not a good security measure. NIST guidelines were updated in 2017 to recommend "Verifiers SHOULD NOT require memorized secrets to be changed arbitrarily (e.g., periodically)", due to the fact it tends to lead to weaker passwords being chosen.

Slinky

Zekko said:

Progressive BS - Online Rainy Day Saver 4

I've just received an email notifying that the interest rate will be dropping from 7% --> 6.75% effective from 1st February 2026.

RS 3 is going down from 5.5 to 5.25% effective same date. Fortunately mine finishes on 29th Jan