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

Pickledonionlover

Interest rate changes - yet to declare

Can I just do a sense check please? These are my RS outstanding.

Penrith (300 and e-saver)
Monmouthshire (RS8, app exclusive and branch exclusive)
Melton RS6 and Adcock
YBS £50 rs
Leeds iss 58
Mansfield RS4

Thanks in advance 

Bridlington1

Pickledonionlover said:

Interest rate changes - yet to declare

Can I just do a sense check please? These are my RS outstanding.

Penrith (300 and e-saver)
Monmouthshire (RS8, app exclusive and branch exclusive)
Melton RS6 and Adcock
YBS £50 rs
Leeds iss 58
Mansfield RS4

Thanks in advance 

YBS's £50 RS declared no change as part of their rate cuts on 2/2/26
Leeds RS Issue 58 falls from 4.85% to 4.6% on 4/2/26
Mansfield have announced rate cuts from 1/2/26, I do not yet know what's happening with Issue 4, but their currently available accounts have their rate changes known.

The rest are yet to declare as far as I'm aware.

Stargunner

Furness BS 160 Year Anniversary RS

I posted an application form and cheque 1st Class on Thursday. My RS has been opened and is now showing in the app. That was quick, shame they can't get deposits to show so quickly   

PRAISETHESUN

liger said:

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?

My understanding is that nothing happens to your RS, but without a current account then it makes withdrawals very annoying. I'd probably get it closed before your switch.

happybagger

I've just had an email from Earl Shilton on their rate changes
Their monthly regular saver goes from 3.60%

... to 6.00%

I kid you not. I had to double check it wasn't a new product.

edit: new product. the existing RS terms allow up to £1k per month and unlimited balances but the new interest rates show up to £500 pm max balance £5k

former product now listed as closed issue

source 

flaneurs_lobster

happybagger said:

I've just had an email from Earl Shilton on their rate changes
Their monthly regular saver goes from 3.60%

... to 6.00%

I kid you not. I had to double check it wasn't a new product.

I'm not sure what is happening here as the existing RS terms allow up to £1k per month and unlimited balances but the new interest rates show up to £500 pm max balance £5k

source 

Those terms are so different that it must be a new product?

NB: Current product is not unlimited funding (no product ever is)  - max balance £100k.

GetRichOrDieSaving

ESBS 

So are they releasing a new RS at 6% or just upping the rate of the current one, meaning that we open the current one first an await the 6% rate increase on 1st Feb? 

flaneurs_lobster

GetRichOrDieSaving said:

ESBS 

So are they releasing a new RS at 6% or just upping the rate of the current one, meaning that we open the current one first an await the 6% rate increase on 1st Feb? 

Really unclear, they should be calling the pre/post 01Feb products by different names. If it were the same product then you could conceivably get it open this month and deposit £1k before the £500/mth limit starts in Feb.

Not obvious to me if this product can be funded by bank transfer or is it branch/post only?

Think I'll wait for clarity on this before filling in the NINE PAGE application form. 

chris_the_bee

Stargunner said:

Furness BS 160 Year Anniversary RS

I posted an application form and cheque 1st Class on Thursday. My RS has been opened and is now showing in the app. That was quick, shame they can't get deposits to show so quickly   

Furness BS 160 Year Anniversary RS
Can one have an Online version and a Postal one at the same time?

OneUser1

Since the Earl Shilton also list the existing Monthly Saver as dropping from 3.6% down to 3.35% and as a "closed issue" on the future interest rates page, my personal interpretation is this 6% account will be a new issue. Plus I also suspect there might be a few hurdles to opening the 6% account.