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

AndyTh_2

masonic said:

Stargunner said:

CBS reducing Loyalty Seasonal Saver

Must have already been mentioned. I just got the email too, but on looking in my spreadsheet I'd already noted it.

yes, was mentioned here by me (and Bridlingdon1 added also the ones I didn't think were relevant), and also
the no chat https://forums.moneysavingexpert.com/discussion/comment/81291968/#Comment_81291968

Similar drops for most other Coventry BS accounts

simonsmithsays

Interestingly Monmouthshire have a interest rate update from the 14/2 and the NLA RS I have with them is showing an unchanged rate.

Exclusive RS2 (5.65%)

https://www.monbs.com/savings/personal-savings-accounts/

WillPS

Aidanmc said:

flaneurs_lobster said:

Aidanmc said:

Regarding the Santander Regular saver, i know the terms say that it must be funded from Santander curremt account but has anyone tried funding it from an eternal account without consequences?

Works for me.

Is there some way to find out the Santander RS sort code and acc number

all i can find is

sort code - SAVING

account no - R12345678

There are no BACS details, the account can only be transferred to or from using a Santander current account.

WillPS

simonsmithsays said:

Interestingly Monmouthshire have a interest rate update from the 14/2 and the NLA RS I have with them is showing an unchanged rate.

Exclusive RS2 (5.65%)

https://www.monbs.com/savings/personal-savings-accounts/

It's already down 0.35% from the 6% it launched at last Summer. I suspect they've priced in whatever rate drop they needed to in order to cover themselves until maturity.

Bridlington1

Loughborough BS Holiday Saver at 5.6% now NLA.

For those still wishing to open the account if you're quick you may be able to get an application in by post with the form backdated to yesterday:
https://www.theloughborough.co.uk/wp-content/uploads/2023/04/Savings-Application-form-V8-Feb-25.pdf

Additionally Nottingham BS Branch Regular Saver 2 has been launched at 4.75% var (branch only), £500/mth max, unlimited withdrawals.

jaypers

Coventry RS reduction incoming…….

WillPS

Bridlington1 said:

Additionally Nottingham BS Branch Regular Saver 2 has been launched at 4.75% var (branch only), £500/mth max, unlimited withdrawals.

Mediocre interest rate and variable (which with Nottm means it'll probably follow the base rate downwards reliably). Also the usual Nottm issues of being branch only with zero in the way of online access or even postal servicing (unless they offer an online version).

Good spot but I'll be passing on this one.

simonsmithsays

Bridlington1 said:

Additionally Nottingham BS Branch Regular Saver 2 has been launched at 4.75% var (branch only), £500/mth max, unlimited withdrawals.

The unlimited withdrawals make this an excellent product for those near a branch.

Section62

simonsmithsays said:

Bridlington1 said:

Additionally Nottingham BS Branch Regular Saver 2 has been launched at 4.75% var (branch only), £500/mth max, unlimited withdrawals.

The unlimited withdrawals make this an excellent product for those near a branch.

Nottingham

Not sure I'd go as far as "excellent".  The unlimited withdrawals are useful in case Nottingham reduce the rate significantly below what is available elsewhere, but being able to withdraw unlimited times from an account which has a monthly deposit limit of only £500 is a feature not dissimilar to the kind posessed by chocolate teapots.  Either 4.75% (variable) turns out to be a rate which is better than most, in which case it would be unwise to make use of the withdrawals, or else 4.75% (variable) turns out not to be so good compared to the alternatives, in which case it would be unwise to leave more than the minimum balance in the account for any longer than you have to.

Comparing to (say) Coventry's 5 Access Saver (Online) (2) account - currently 4.66%, dropping to 4.5% on 03/03 - the Nottingham offer doesn't look so tempting to me.  The Coventry limited access account doesn't have the limited monthly deposits, and the number of accesses means it can be dipped into if necessary and/or if the rate becomes uncompetitive.  Most of all, it can be managed entirely online without need to phone up to check whether deposits have been received, or visiting a branch to open/withdraw.

I like the Nottingham.  The branch staff are lovely and helpful.  But the management need to sort themselves out when it comes to online access, and they need to up their game on interest rates and go back to the days when it was worth running several Nottingham RS accounts at the same time because they were consistently up there with the best.  In my view this is an OK product if you can get to a branch with minimal time/financial expense, but personally I wouldn't want the Nottingham's senior management to rest on their laurels thinking what they were offering was "excellent".  Other views are equally valid though.

Bigwheels1111

I’m just waiting for my West Bromwich reg saver to payout, Today I think it is.
Ive also applied for another, takes 3-5 days.
But a 6% fixed it’s a good option.