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

savethepandas

Stargunner said:

Dizzycap said:

Bridlington1 said:

Dizzycap said:

Sorry if already mentioned: The Principality BS Christmas RS is NLA.

Still seems to be showing as available at my end but it has now moved to the maturity accounts section and the option to make an application through conventional means has been removed.

Principality BS Christmas 2026 Regular Saver

I'll move the account to the Local/Loyal/Beta/Age Restricted/New Member Only accounts section for the time being as from what I can see existing customers with maturing accounts can still select it as a maturity instruction. When it goes fully NLA I'll remove it entirely at that point.

Okay, that makes some sense. It's unfortunate that as you can only hold one PBS Christmas 2026 RS as per T&C's, it's not a maturity option unless you haven't already got one.

I have 3 x Christmas 2026 RS

My partner got his second from an account maturing on the 17th Jan, he was stopped from getting a six month one as a maturity option in December.

Was about to post, when I saw the NLA post.

surreysaver

clairec666 said:

Hattie627 said:

Furness BS 160th Anniversary RS

Of note, a monthly payment of at least £1 (up to £160) is a requirement to maintain the account at the rate. Not many RS's have a minimum monthly payment requirement these days, so this may catch some holders out.

Thanks, that's worth knowing. Although at 6.75% it's going to be near the top of my list for funding each month so I'm unlikely to miss it out.

My spreadsheet is very good at flagging up (via conditional formatting) accounts which have a minimal monthly payment. I'm currently trying to get it to flag up Hanley's "can't miss more than 3 months" rule, but it's a tad more complicated to implement, especially as it's over 2 different tax years which are on separate sheets.

What I tend to do, even if an account doesn't require a minimum monthly payment, is just to pay £1 in via standing order monthly anyway if it's an account I don't want to fund.  That way, if I do want to fund it at a later date, all I have to do is alter the standing order rather than have to set one up.  

allegro120

Born2Save_3 said:

Santander Regular Saver / Monthly Saver 

I hope mine will be maturing today and as this is my first time, I'm not certain what and when will happen.

I've got an SO in place for 1p and this has not been taken today.  Can I expect the balance and interest to be transferred to my CA after midnight, with the RS remaining at £0 and with a new/updated SO for the next 12 months ?  Will the SO value change, maybe back to £200 ?

As I did manual payments for £200 on the first for several months, I've managed to get 13 payments into the account, so the balance is £2600+ a few pennies. I'll find out if this slight overpayment is going have any consequences.

Santander
The money should appear in your CA tomorrow.  RS and SO (if you didn't set up the end date) ) should rollover.  They can't change the value of your SO.  You don't need to do anything, just remember to get your funds out of CA and put this money in a betterplace .

MaxBlax

Newbie Question

Whilst I could of course read the terms and conditions of each of the plethora of Regular Saver (RS) accounts available, I thought an experienced forumite would be able to help by providing an answer to my newbie question below.

Whilst there may be exceptions, my understanding of how RS accounts typically work is that they generally have a maturity date, e.g. one year after the account opening date, and maturity options typically involve the RS account being closed.

However, are there any RS accounts with maturity options where the account is NOT closed and the FULL balance of the account continues to earn interest at the specified rate?

For example, after accumulating £1,800 by saving £150 pcm for 12 months in a 5.5% RBS/NatWest Digital Regular Saver and continuing to deposit £150 pcm into the account in the second year, will the FULL balance of the account earn interest at 5.5%?

Many thanks in advance of any helpful contribution provided.

E_zroda

MaxBlax said:

Newbie Question

Whilst I could of course read the terms and conditions of each of the plethora of Regular Saver (RS) accounts available, I thought an experienced forumite would be able to help by providing an answer to my newbie question below.

Whilst there may be exceptions, my understanding of how RS accounts typically work is that they generally have a maturity date, e.g. one year after the account opening date, and maturity options typically involve the RS account being closed.

However, are there any RS accounts with maturity options where the account is NOT closed and the FULL balance of the account continues to earn interest at the specified rate?

For example, after accumulating £1,800 by saving £150 pcm for 12 months in a 5.5% RBS/NatWest Digital Regular Saver and continuing to deposit £150 pcm into the account in the second year, will the FULL balance of the account earn interest at 5.5%?

Many thanks in advance of any helpful contribution provided.

Well done for the £1800, but the example you have chosen is not what you might call a typical RS as it does not have maturity date. You can continue putting £150 in it; the rate is paid only on the first 5K and is actually dropping soon.
EDIT: Sorry, dropped 3 days ago

Born2Save_3

allegro120 said:

Born2Save_3 said:

Santander Regular Saver / Monthly Saver 

I hope mine will be maturing today and as this is my first time, I'm not certain what and when will happen.

I've got an SO in place for 1p and this has not been taken today.  Can I expect the balance and interest to be transferred to my CA after midnight, with the RS remaining at £0 and with a new/updated SO for the next 12 months ?  Will the SO value change, maybe back to £200 ?

As I did manual payments for £200 on the first for several months, I've managed to get 13 payments into the account, so the balance is £2600+ a few pennies. I'll find out if this slight overpayment is going have any consequences.

Santander
The money should appear in your CA tomorrow.  RS and SO (if you didn't set up the end date) ) should rollover.  They can't change the value of your SO.  You don't need to do anything, just remember to get your funds out of CA and put this money in a betterplace .

Thanks. And sound advice !

MaxBlax

E_zroda said:

MaxBlax said:

Newbie Question

Whilst I could of course read the terms and conditions of each of the plethora of Regular Saver (RS) accounts available, I thought an experienced forumite would be able to help by providing an answer to my newbie question below.

Whilst there may be exceptions, my understanding of how RS accounts typically work is that they generally have a maturity date, e.g. one year after the account opening date, and maturity options typically involve the RS account being closed.

However, are there any RS accounts with maturity options where the account is NOT closed and the FULL balance of the account continues to earn interest at the specified rate?

For example, after accumulating £1,800 by saving £150 pcm for 12 months in a 5.5% RBS/NatWest Digital Regular Saver and continuing to deposit £150 pcm into the account in the second year, will the FULL balance of the account earn interest at 5.5%?

Many thanks in advance of any helpful contribution provided.

Well done for the £1800, but the example you have chosen is not what you might call a typical RS as it does not have maturity date. You can continue putting £150 in it; the rate is paid only on the first 5K and is actually dropping soon.

The example I gave was, as it was intended to be, an atypical RS and NOT a typical RS.

E_zroda

MaxBlax said:

Newbie Question

...

For example, after accumulating £1,800 by saving £150 pcm for 12 months in a 5.5% RBS/NatWest Digital Regular Saver and continuing to deposit £150 pcm into the account in the second year, will the FULL balance of the account earn interest at 5.5%?

...

Apologies for my failure grasping the semantics of the above

WillPS

clairec666 said:

Hattie627 said:

Furness BS 160th Anniversary RS

Of note, a monthly payment of at least £1 (up to £160) is a requirement to maintain the account at the rate. Not many RS's have a minimum monthly payment requirement these days, so this may catch some holders out.

Thanks, that's worth knowing. Although at 6.75% it's going to be near the top of my list for funding each month so I'm unlikely to miss it out.

My spreadsheet is very good at flagging up (via conditional formatting) accounts which have a minimal monthly payment. I'm currently trying to get it to flag up Hanley's "can't miss more than 3 months" rule, but it's a tad more complicated to implement, especially as it's over 2 different tax years which are on separate sheets.

I've just scheduled a £25 payment for the end of January, April and July. If I've already filled them, and I forget to cancel the scheduled payment, they'll (presumably) return the overage. No biggy.

Bridlington1

MaxBlax said:

E_zroda said:

MaxBlax said:

Newbie Question

Whilst I could of course read the terms and conditions of each of the plethora of Regular Saver (RS) accounts available, I thought an experienced forumite would be able to help by providing an answer to my newbie question below.

Whilst there may be exceptions, my understanding of how RS accounts typically work is that they generally have a maturity date, e.g. one year after the account opening date, and maturity options typically involve the RS account being closed.

However, are there any RS accounts with maturity options where the account is NOT closed and the FULL balance of the account continues to earn interest at the specified rate?

For example, after accumulating £1,800 by saving £150 pcm for 12 months in a 5.5% RBS/NatWest Digital Regular Saver and continuing to deposit £150 pcm into the account in the second year, will the FULL balance of the account earn interest at 5.5%?

Many thanks in advance of any helpful contribution provided.

Well done for the £1800, but the example you have chosen is not what you might call a typical RS as it does not have maturity date. You can continue putting £150 in it; the rate is paid only on the first 5K and is actually dropping soon.

The example I gave was, as it was intended to be, an atypical RS and NOT a typical RS.

So if I'm understanding your question correctly you're wanting to know if there are any other regular savers which have no maturity date, or if it does mature the rate never drops below the standard regular saver interest rate and you're not forced to withdraw any of the balance?

If so there's none in the latter category but there's a few with no maturity date. On P1 of this thread I maintain a list of the top currently available regular savers on offer. If you search for Length of account term: No maturity date then you'll be able to flick through all the ones without a maturity date.

There's 7 of these that I'm aware of above that are eligible to be included on p1 of this thread including the NatWest and RBS regular savers you mention. Mansfield's RS will come up if you search for Length of account term: No maturity date but the rate drops after 12 months so wouldn't meet your criteria.