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

thefrank

HSBC 7%

Thank you all for your answers. I had forgotten to check page 1 but that gave me the joy of receiving a little help from other human beings. Isn't it all these lives of ours are meant to be?

wmb194

francoghezzi said:

HSBC Reg Saver 7%

I was wondering if there is a minimum amount to be paid in monthly (maybe like Fd reg saver that needs at least £25) ? Thanks for help

I read the terms as £zero or £25 to £250. Last year I went multiple months with no deposits and it matured and paid interest as expected.

AmityNeon

wmb194 said:

francoghezzi said:

HSBC Reg Saver 7%

I was wondering if there is a minimum amount to be paid in monthly (maybe like Fd reg saver that needs at least £25) ? Thanks for help

I read the terms as £zero or £25 to £250. Last year I went multiple months with no deposits and it matured and paid interest as expected.

The terms have no provisions for months with no deposits. In practice, nothing unexpected or untoward occurs, and interest is paid as per the terms of the account.

I stopped depositing back when 5% became uncompetitive.

surreysaver

AmityNeon said:

wmb194 said:

francoghezzi said:

HSBC Reg Saver 7%

I was wondering if there is a minimum amount to be paid in monthly (maybe like Fd reg saver that needs at least £25) ? Thanks for help

I read the terms as £zero or £25 to £250. Last year I went multiple months with no deposits and it matured and paid interest as expected.

The terms have no provisions for months with no deposits. In practice, nothing unexpected or untoward occurs, and interest is paid as per the terms of the account.

I stopped depositing back when 5% became uncompetitive.

If there are no provisions for months with no deposits, then you can make zero deposits

AmityNeon

surreysaver said:

AmityNeon said:

wmb194 said:

francoghezzi said:

HSBC Reg Saver 7%

I was wondering if there is a minimum amount to be paid in monthly (maybe like Fd reg saver that needs at least £25) ? Thanks for help

I read the terms as £zero or £25 to £250. Last year I went multiple months with no deposits and it matured and paid interest as expected.

The terms have no provisions for months with no deposits. In practice, nothing unexpected or untoward occurs, and interest is paid as per the terms of the account.

I stopped depositing back when 5% became uncompetitive.

If there are no provisions for months with no deposits, then you can make zero deposits

To clarify, the terms do state:

You must pay into the account every month.

After the first payment into the account, you must make 11 more payments on the same date each month by standing order from a qualifying current account.

Each payment must be between £25 and £250.

You can only make one payment each month. But if the payment is less than £250, you can pay in more in later months. That’s only as long as the total amount paid in doesn’t go over the Maximum Monthly Savings for that month.

The are no provisions specifying what occurs if customers fail to adhere to the 'must' directives, only for circumstances where customers somehow manage to pay in more than the Maximum Monthly Amount:

We’ll pay the Flexible Saver interest rate on any amount you pay in over the Maximum Monthly Amount.

Chaykin

Chorley BS. Is it "and" or is it "or"? It's a big difference!

According to...

https://www.chorleybs.co.uk/savings/regular-saver-accounts/regular-saver-28022026 (on Account Management tab)

https://www.chorleybs.co.uk/savings/regional-savings-accounts/regional-2-year-flexible-saver-28022027-postcode-restrictions-apply (on Account Management tab)

https://online.chorleybs.co.uk/Registration/DownloadDocument?documentId=305

https://online.chorleybs.co.uk/Registration/DownloadDocument?documentId=767

...it's "and".

But when you go to apply they change it to "or":

So basically can you have both "Regular Saver (28.02.2026)" & "Regional 2 Year Flexible Saver (28.02.2027)" opened at the same time?

where_are_we

I have both a Chorley Seasonal Saver and a Regular Saver. I have had the Seasonal Saver for a few years and before opening the Regular Saver I queried whether having the two together was ok and was told it was. On that basis I would imagine you can have both the Regular Saver and the Regional 2 year Flexible saver open at the same time and there might be someone local out there who has all three!

subjecttocontract

Can't see the point of having a Chorley Reg Saver the interest on offer isn't competitive. 
Why would someone go for a 5.15% account when there are lots of better paying accounts available ?
Am I missing something ?

Stargunner

subjecttocontract said:

Can't see the point of having a Chorley Reg Saver the interest on offer isn't competitive. 
Why would someone go for a 5.15% account when there are lots of better paying accounts available ?
Am I missing something ?

Some people on here have and fund all the higher paying Reg Savers that are available. 

Personally, I already have enough at higher rates, so I won’t be applying for one of these.

Middle_of_the_Road

subjecttocontract said:

Can't see the point of having a Chorley Reg Saver the interest on offer isn't competitive. 
Why would someone go for a 5.15% account when there are lots of better paying accounts available ?
Am I missing something ?

They probably have all the higher paying regular saver accounts, and excess cash in lower easy access accounts.