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

AndyTh_2

AndyTh_2 said:

JamesRobinson48 said:

AndyTh_2 said:

Has anyone got any tips on how to open the Leeds BS regular saver online if you've already got a login? For me applying just takes me to the main logged in page after login.

Leeds - it works fine for me (although I don't actually want this RS).  Possibly you didn't start by opening the pdf attachments, as they ask you to do?:

Before you apply, please read the summary box above, our Product Terms & Conditions (PDF), General Terms & Conditions (PDF) and the FSCS Information Sheet (PDF).

No, this is the page after, which offers

Apply for your Regular Saver (issue 62)

Do you already have a Leeds Building Society login?

Yes, I have a login | No, I don't have a login

nvm, I tried in another browser profile and it worked, must be ublock origin, even though I disabled it for Leeds website.

Bridlington1

A summary of changes to the listings on the first page of The Top Regular Savers Discussion Thread between 31st January 2025 and 28th February 2025:

A link to this post is included on the first page of The Archived History Of Regular Savers Thread *** NO CHAT*** thread.

I have now cleared out the recently NLA regular savers list on the first page of The Top Regular Savers Discussion Thread.

The following accounts have been added between 31/1/25 and 28/2/25 (see first page of The Top Regular Savers Discussion Thread for details):

Chorley BS Regional 2 Year Flexible Saver (31.01.2027) at 5.15% ~~~ Launched 4/2/25
Skipton Home Deposit Saver (Issue 3) at 4.56% ~~~ Launched 6/2/25
Leeds BS Home Deposit Saver (Issue 3) at 4.9% ~~~ Launched 7/2/25
Chorley BS Regular Saver (31.01.2026) at 5.15% ~~~ Launched 7/2/25
Nottingham BS Branch Regular Saver 2 at 4.75% ~~~ Launched 17/2/25
State Bank of India Regular Saver Account Issue 2 at 4.5% ~~~ Launched 14/2/25

The following accounts have been removed between 31/1/25 and 28/2/25:

~~~~~~NLA 31/1/25 ~~~~~~Principality BS Christmas 2025 Regular Saver Bond
Interest rate: 7% gross p.a. fixed
Monthly payment: £0-£125 per calendar month
Miss any payments: Yes, as many as you like
Penalty-free withdrawals: No withdrawals allowed except for early closure which is allowed without penalty
Age of applicant: Age 16 or older
How to open account: Branch or online
Length of account term: 12 months from the date of opening
Maximum balance: £1,500
Deposits on non-working days: Treated as having been received the same day.
Special conditions: N/A

~~~~~~NLA 31/1/25 ~~~~~~Leeds BS Regular Saver (Issue 60) ~~~ Launched 31/12/24
Interest rate: 4.95% gross p.a. variable (this interest rate first noted 29th November 2024)
Monthly payment: £0-£250 per calendar month
Miss any payments: Yes, miss as many as you wish
Penalty-free withdrawals: One withdrawal per calendar year (including account closure) without notice or loss of interest, subject to the minimum balance of £100 being maintained
Age of applicant: Aged 18 or over
How to open account: Branch, online or post
Length of account term: Matures 4/1/2027
Maximum balance: £6,000 plus interest
Deposits on non-working days: Treated as having been received the same day.
Special conditions: You may only hold one Leeds Building Society Regular Saver product of any issue at a time. Withdrawals/closure can be made by faster payment over the phone.

~~~~~~NLA 6/2/25 ~~~~~~Skipton Home Deposit Saver (Issue 2)
Interest rate: 4.81% gross p.a. variable (this interest rate first noted 7th November 2024)
Monthly payment: £0-£500 per calendar month
Miss any payments: Yes, as many as you wish
Penalty-free withdrawals: No withdrawals except for account closure, which you can do without notice and without penalty
Age of applicant: Aged 16 years old or older
How to open account: Branch, online, telephone or post
Length of account term: 24 months from date of first deposit
Maximum balance: £12,000 plus interest
Deposits on non-working days: Treated as having been received the next working day.
Special conditions: Any unused monthly allowances can be rolled over to future months, up to a maximum of £12,000 over the 24 month term.

~~~~~~NLA 7/2/25 ~~~~~~Leeds BS Home Deposit Saver (Issue 2)
Interest rate: 5.05% gross p.a. variable
Monthly payment: £0-£500 per calendar month
Miss any payments: No stated penalties for missing any payments
Penalty-free withdrawals: One penalty free withdrawal per calendar year excluding closure subject to the minimum balance of £100 being maintained
Age of applicant: Aged 18 or older
How to open account: Branch, online or post
Length of account term: No maturity date
Maximum balance: £30,000 plus interest
Deposits on non-working days: Treated as having been received the same day.
Special conditions: There is a £500 bonus if you take out a residential mortgage subject to certain conditions (see website for more details). Withdrawals/closure can be made by faster payment over the phone.

~~~~~~NLA 7/2/25 ~~~~~~Chorley BS Regular Saver (31.12.2025)  ~~~ Launched 2/1/25
Interest rate: 5.15% gross p.a. variable
Monthly payment: £25-£400 per calendar month
Miss any payments: Yes, miss as many as you like
Penalty-free withdrawals: None, but the account can be closed early without penalty
Age of applicant: Age 18 years old or older
How to open account: Branch, post or online
Length of account term: Matures on 31/12/25
Maximum balance: N/A
Deposits on non-working days: Treated as having been received the next working day.
Special conditions: Initial deposit must be received by 31/1/25. Only one Regular Saver and one Seasonal Saver can be held in any 12 month rolling period.

~~~~~~NLA 11/2/25 ~~~~~~Furness BS 1 Year Regular Saver (Issue 5)
Interest rate: 4.75% gross p.a. variable
Monthly payment: £1-£250 per calendar month
Miss any payments: No If a monthly payment is missed they will give you 14 days written notice and transfer your balance to an access account and the relevant interest rate will apply from this date. 
Penalty-free withdrawals: Yes, 1 withdrawal during the account term, additional withdrawals will result in the account being converted into an access account..
Age of applicant: Aged 16 or over
How to open account: Online, branch and post
Length of account term: 12 months from opening
Maximum balance: N/A
Deposits on non-working days: Treated as having been received the next working day.
Special conditions: Payments in are credited the working day after being sent.

~~~~~~NLA 14/2/25*** ~~~~~~State Bank of India Regular Saver Account
Interest rate: 5% gross p.a. fixed
Monthly payment: £20-£1,000 per calendar month
Miss any payments: None; if the minimum deposit is not made during a month, the interest rate will drop to the prevailing Instant Access Savings Account interest rate for that month
Penalty-free withdrawals: None; you will earn interest at a lower rate – the same rate offered on their Instant Access Savings Account for the month in which a withdrawal is made
Age of applicant: 18 years or over
How to open account: To open a Regular Savers account, you must first have an SBIUK Instant Access Savings Account or Current Account. You can open this by visiting one of the SBIUK branches.
Length of account term: 12 months from the date of opening
Maximum balance: N/A
Deposits on non-working days: Treated as having been received the next working day.
Special conditions: You must have a current account or instant access savings account with them and use this to deposit funds into the regular saver account  *** Account removed from lists on 19/2/25 but appears to have gone NLA on 14/2/25.

~~~~~~NLA 17/2/25 ~~~~~~Loughborough Holiday Monthly Saver: Maturity Date 31st May 2026~~~ Launched 3/2/25
Interest rate: 5.6% gross p.a. variable
Monthly payment: £1-£250 per calendar month ***
Miss any payments: No. If you miss a monthly payment, the account will be closed and transferred to a Regular Saver issue 1 (currently at 2.5%).
Penalty-free withdrawals: One withdrawal per account year (1st June to 31st May) excluding closure
Age of applicant: Aged 16 or over
How to open account: Branch or post
Length of account term: Matures 31/5/2026
Maximum balance: £4,000 plus interest
Deposits on non-working days: Treated as having been received the next working day.
Special conditions: *** This must be as a single payment, multiple deposits within the same month are not permitted even if the total amount deposited is less than £250.

~~~~~~NLA 25/2/25 ~~~~~~Penrith BS Junior Affinity Regular Saver - Greener Every Day (Children's RS)
Interest rate: 4.7% gross p.a. variable
Monthly payment: £5-£100 per calendar month
Miss any payments: Yes, you can miss as many as you like
Penalty-free withdrawals: As many as you like
Age of applicant: Under 16
How to open account: Branch and post only
Length of account term: 5 years from account opening
Maximum balance: None stated other than the Society’s total limit on combined savings should not exceed £250,000
Deposits on non-working days: Treated as having been received the next working day.
Special conditions: N/A

~~~~~~NLA 28/2/25 ~~~~~~Leeds BS Regular Saver (Issue 61) ~~~ Launched 31/1/25

Interest rate: 4.8% gross p.a. variable
Monthly payment: £0-£250 per calendar month
Miss any payments: Yes, miss as many as you wish
Penalty-free withdrawals: One withdrawal per calendar year (including account closure) is permitted subject to the minimum balance of £100 being maintained. Further withdrawals can be made subject to 30 days loss of interest on the amount withdrawn.
Age of applicant: Aged 18 or over
How to open account: Branch, online or post
Length of account term: Matures 1/2/2027
Maximum balance: £6,000 plus interest
Deposits on non-working days: Treated as having been received the same day.
Special conditions: You may only hold one Leeds Building Society Regular Saver product of any issue at a time. Withdrawals/closure can be made by faster payment over the phone.

The following accounts have been removed due to their rates being due to drop below the threshold for inclusion:

Bath BS Homestart Regular Saver
Interest rate: 4.54% gross p.a. variable (reduces to 4.34% from 3/3/25)
Monthly payment: £50-£250 per calendar month
Miss any payments: Yes, just as long as you do not miss two consecutive months' payments in a row
Penalty-free withdrawals: Yes, two per calendar year
Age of applicant: Aged 18-34
How to open account: Branch, online or app
Length of account term: Matures on 35th birthday
Maximum balance: £57,000 including interest
Deposits on non-working days: Treated as having been received the next working day.

Special conditions: N/A

Mansfield BS Young Regular Saver (3rd Issue)
Interest rate: 4.5% gross p.a. variable (reduces to 4.25% from 7/3/25)
Monthly payment: £1-£100 per calendar month
Miss any payments: Yes, you can miss as many as you like
Penalty-free withdrawals: 2 penalty free withdrawals per calendar year including closure. Additional withdrawals are subject to the loss of 90 days interest on the amount withdrawn. 
Age of applicant: Under 18
How to open account: Branch and post only
Length of account term: Matures on 18th birthday
Maximum balance: £25,000
Deposits on non-working days: Treated as having been received the next working day.
Special conditions: The account can be opened up to and including age 17 by those resident in Nottinghamshire, Derbyshire or South Yorkshire, or existing members. Accounts that are outside of the geographical area above will also be accepted where a parent, grandparent or legal guardian of the child is an existing member.

Bridlington1

Regular Savers Thread Announcement:

It has now been two months since I launched this version of The Top Regular Savers Discussion Thread following on from @Special_Saver2's 17 years of sterling work in maintaining it.

At the time I took the decision to continue the core function of the previous threads whilst making some changes to the structure and scope of the thread, including but not limited to halving the number of sections from 8 to 4, clarifying that NLA regular savers can be discussed and introducing a greater interaction between this thread and The Archived History Of Regular Savers Thread *** NO CHAT*** thread.

I would like to thank you all for your patience in giving the new structure time to be implemented and to all those who have contributed to this thread over the last two months.

After evaluating how the thread is being run in recent weeks and considering the feedback many of you have provided privately I have taken the decision to continue running the two threads in the way I have done for the last two months, with updates to both threads being made daily as and when new accounts are launched, withdrawn or interest rates have changed.

Updates To Main Regular Savers Thread:

There are however some changes that have been made, mainly to the layout of the first pages of the threads.

Changes to headings:
As you may have noticed I have began using the ``Heading2" format for post titles in order to make them stand out more and improve readability. This change has been implemented both on this thread and The Archived History Of Regular Savers Thread *** NO CHAT*** thread. 

Changes to formatting of some regular saver listings:
Some listings on the first page of this thread had some extra lines inserted after I had saved the posts despite none appearing when editing the posts. I have now resolved this issue for the sake of neatness.

Changes to opening posts on both threads:
In order to make the opening posts on both threads easier to follow I have divided the text in the introductory posts into clearer sections. The overwhelming majority of the text itself remains unchanged however.

I have also added a list of common abbreviations and terms frequently used throughout this thread to make it easier for new users who may be less familiar with regular savers.

More general changes:

Changes to thresholds:
Previously I was only including accounts where the interest rate is 4.75% or better, or 4.5% if the account has favourable conditions (e.g. you can pay in £500 per month or more, the interest rate is fixed, or if the account matures after at least 2 years).

As you shall no doubt be aware the BOE Base Rate was cut from 4.75% to 4.5% on 6/2/25. After reviewing the wider savings landscape following this decision I have chosen to alter the thresholds for regular savers to be included on the main Regular Savers List. 

I am now including accounts where the interest rate is 4.6% or better, or 4.4% if the account has favourable conditions (e.g. you can pay in £500 per month or more, the interest rate is fixed, or if the account matures after at least 2 years).

I have now removed the following regular savers as they have announced reductions to their interest rates to below these new thresholds:

Bath BS Homestart Regular Saver at 4.54% (reducing to 4.34% from 3/3/25)

Mansfield BS Young Regular Saver (3rd Issue) at 4.5% (reducing to 4.25% from 7/3/25)

Bridlington1

Just a reminder the following accounts are set to see their rates cut tomorrow (1/3/25):

Account	Old rate	New rate	Date
Buckinghamshire BS Regular Saver	3.40%	3.15%	01/03/25
Buckinghamshire BS Regular Saver Locals	3.80%	3.55%	01/03/25
Stafford Railway BS Regular Saver	4.90%	4.75%	01/03/25

With the following set to reduce their rates on Monday 3/3/25:

Account	Old rate	New rate	Date
Bath BS 16-25 Regular Saver	7.09%	6.89%	03/03/25
Bath BS Homestart Regular Saver	4.54%	4.34%	03/03/25
Bath BS The Regular Saver	4.04%	3.89%	03/03/25
Coventry BS Children's Regular Saver	4.15%	3.90%	03/03/25
Coventry BS Colleague Regular Saver	5.00%	4.75%	03/03/25
Coventry BS First Home Saver	5.10%	4.85%	03/03/25
Coventry BS First Home Saver (2)	4.80%	NO CHANGE	03/03/25
Coventry BS Loyalty Mortgage RS	6.00%	5.75%	03/03/25
Coventry BS Loyalty Regular Saver (2)	6.25%	6.00%	03/03/25
Coventry BS Loyalty Seasonal Saver	6.00%	5.75%	03/03/25
Coventry BS Regular Saver	4.55%	4.30%	03/03/25
Coventry BS Regular Saver (5)	5.00%	4.75%	03/03/25
Coventry BS Regular Saver (6)	4.75%	4.50%	03/03/25
Coventry BS Sunny Day Saver	6.25%	6.00%	03/03/25
Coventry BS Young Saver	4.75%	4.50%	03/03/25
Darlington BS 12 Month RS	5.10%	5.00%	03/03/25
Leek BS Homebuyers Regular Savings	3.30%	3.05%	03/03/25
Leek BS Regular Saver Account Issue 1 & 2	3.30%	3.05%	03/03/25
Leek BS Regular Saver Account Issue 3	4.85%	4.65%	03/03/25
Vernon Online Regular Saver	6.50%	6.25%	03/03/25

happybagger

@Bridlington1 SRBS Reg Saver goes to 4.75% not 4.70
source

Bridlington1

happybagger said:

@Bridlington1 SRBS Reg Saver goes to 4.75% not 4.70
source

Now updated, many thanks.

Bobblehat

Bridlington1 said:

Just a reminder the following accounts are set to see their rates cut tomorrow (1/3/25):

Account	Old rate	New rate	Date
Buckinghamshire BS Regular Saver	3.40%	3.15%	01/03/25
Buckinghamshire BS Regular Saver Locals	3.80%	3.55%	01/03/25
Stafford Railway BS Regular Saver	4.90%	4.75%	01/03/25

With the following set to reduce their rates on Monday 3/2/25:

Account	Old rate	New rate	Date
Bath BS 16-25 Regular Saver	7.09%	6.89%	03/03/25
Bath BS Homestart Regular Saver	4.54%	4.34%	03/03/25
Bath BS The Regular Saver	4.04%	3.89%	03/03/25
Coventry BS Children's Regular Saver	4.15%	3.90%	03/03/25
Coventry BS Colleague Regular Saver	5.00%	4.75%	03/03/25
Coventry BS First Home Saver	5.10%	4.85%	03/03/25
Coventry BS First Home Saver (2)	4.80%	NO CHANGE	03/03/25
Coventry BS Loyalty Mortgage RS	6.00%	5.75%	03/03/25
Coventry BS Loyalty Regular Saver (2)	6.25%	6.00%	03/03/25
Coventry BS Loyalty Seasonal Saver	6.00%	5.75%	03/03/25
Coventry BS Regular Saver	4.55%	4.30%	03/03/25
Coventry BS Regular Saver (5)	5.00%	4.75%	03/03/25
Coventry BS Regular Saver (6)	4.75%	4.50%	03/03/25
Coventry BS Sunny Day Saver	6.25%	6.00%	03/03/25
Coventry BS Young Saver	4.75%	4.50%	03/03/25
Darlington BS 12 Month RS	5.10%	5.00%	03/03/25
Leek BS Homebuyers Regular Savings	3.30%	3.05%	03/03/25
Leek BS Regular Saver Account Issue 1 & 2	3.30%	3.05%	03/03/25
Leek BS Regular Saver Account Issue 3	4.85%	4.65%	03/03/25
Vernon Online Regular Saver	6.50%	6.25%	03/03/25

Should the MONDAY rate reduction heading be 3/3/25?

Edit p.s. thanks for the hard work!

Bridlington1

Bobblehat said:

Bridlington1 said:

Just a reminder the following accounts are set to see their rates cut tomorrow (1/3/25):

Account	Old rate	New rate	Date
Buckinghamshire BS Regular Saver	3.40%	3.15%	01/03/25
Buckinghamshire BS Regular Saver Locals	3.80%	3.55%	01/03/25
Stafford Railway BS Regular Saver	4.90%	4.75%	01/03/25

With the following set to reduce their rates on Monday 3/2/25:

Account	Old rate	New rate	Date
Bath BS 16-25 Regular Saver	7.09%	6.89%	03/03/25
Bath BS Homestart Regular Saver	4.54%	4.34%	03/03/25
Bath BS The Regular Saver	4.04%	3.89%	03/03/25
Coventry BS Children's Regular Saver	4.15%	3.90%	03/03/25
Coventry BS Colleague Regular Saver	5.00%	4.75%	03/03/25
Coventry BS First Home Saver	5.10%	4.85%	03/03/25
Coventry BS First Home Saver (2)	4.80%	NO CHANGE	03/03/25
Coventry BS Loyalty Mortgage RS	6.00%	5.75%	03/03/25
Coventry BS Loyalty Regular Saver (2)	6.25%	6.00%	03/03/25
Coventry BS Loyalty Seasonal Saver	6.00%	5.75%	03/03/25
Coventry BS Regular Saver	4.55%	4.30%	03/03/25
Coventry BS Regular Saver (5)	5.00%	4.75%	03/03/25
Coventry BS Regular Saver (6)	4.75%	4.50%	03/03/25
Coventry BS Sunny Day Saver	6.25%	6.00%	03/03/25
Coventry BS Young Saver	4.75%	4.50%	03/03/25
Darlington BS 12 Month RS	5.10%	5.00%	03/03/25
Leek BS Homebuyers Regular Savings	3.30%	3.05%	03/03/25
Leek BS Regular Saver Account Issue 1 & 2	3.30%	3.05%	03/03/25
Leek BS Regular Saver Account Issue 3	4.85%	4.65%	03/03/25
Vernon Online Regular Saver	6.50%	6.25%	03/03/25

Should the MONDAY rate reduction heading be 3/3/25?

It should and now is. Many thanks.

thefrank

Coventry

Am I right at thinking that with the rate reduction from 6 to 5.75% are we allowed to close the Coventry Regular Saving without any penalty?

Dizzycap

WillPS said:

Dizzycap said:

From personal experience recently, it took the Co-Op 3 days to open my New RS after confirmation of application by email. This was due to high demand and the system having a backlog of RS applications that needed to be worked through by staff. In today's RS climate, the important issue is that you get the 7% fixed RS, even if there's a couple of days delay in it being fully opened for a few extra pennies of interest on getting in funds before the end of the month, which at this point, is highly unlikely

The Co-op's Regular Saver isn't fixed.

I stand corrected. It might as well be, as it hasn't changed interest rate in the past 3 years.