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

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Comments

  • Foxhouse
    Foxhouse Posts: 38 Forumite
    10 Posts Photogenic First Anniversary
    If this has been posted before, apologies.

    Have just noticed that the Nat West Digital Regular Saver now offers roundups x3, x4 and x5 as well as the previous x1 and x2. Haven't noticed any restrictions on amounts either.
  • trickydicky14
    trickydicky14 Posts: 1,539 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Foxhouse said:
    If this has been posted before, apologies.

    Have just noticed that the Nat West Digital Regular Saver now offers roundups x3, x4 and x5 as well as the previous x1 and x2. Haven't noticed any restrictions on amounts either.
    Thanks, it was changed a few months back and it's helped me build up my account some what.
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  • ChewyyBacca
    ChewyyBacca Posts: 398 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    edited 24 March 2025 at 9:01PM
    Leeds Home Deposit Saver RS is now 4.9% since 21 Mar. I read its product info page, it does not mention what is the minimum monthly amount, nor does it explicitly say if you can skip payments. It does mention min £100 operating balance.
    I dont want to add any more money into it at 4.9%, but also dont want to close the account at the moment.

    Any thoughts on this?
  • Hattie627
    Hattie627 Posts: 763 Forumite
    500 Posts Third Anniversary Name Dropper
    ChewyyBacca said:
    Leeds Home Deposit Saver RS is now 4.9% since 21 Mar. I read its product info page, it does not mention what is the minimum monthly amount, nor does it explicitly say if you can skip payments. It does mention min £100 operating balance.
    I dont want to add any more money into it at 4.9%, but also dont want to close the account at the moment.

    Any thoughts on this?
    I have always operated on the basis that, unless there is stated to be a specific penalty for missing one, or perhaps more than one, monthly payments, there is no requirement to make a payment every month. A typical example of such a term would be a stipulation that the account will be closed, or be changed into an easy access account at a  lower interest rate, if (eg) three monthly payments are missed.
  • Bridlington1
    Bridlington1 Posts: 4,901 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    ChewyyBacca said:
    Leeds Home Deposit Saver RS is now 4.9% since 21 Mar. I read its product info page, it does not mention what is the minimum monthly amount, nor does it explicitly say if you can skip payments. It does mention min £100 operating balance.
    I dont want to add any more money into it at 4.9%, but also dont want to close the account at the moment.

    Any thoughts on this?
    It never states you must make a deposit each month, only that the maximum amount you can deposit per month is £500. I would argue that making a monthly deposit is not necessary as depositing £0 in a particular month still satisfies this term.

    The same is true of their other regular saver, which I've held on and off (different issues) for about 3 years and have frequently skipped monthly deposits without penalty.
  • 10_66
    10_66 Posts: 3,557 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Dizzycap said:
    This might be useful to anyone who is holding:
    Around 7-10 days before your old RS matures, the system will allow you to open a New RS without any issues.
    Mine was due to mature on 6th December and I opened a new RS on the 28th November which was fully funded from my TSB current account on the 29th. I then subsequently changed the automatic set-up monthly deposit date to the beginning of the December onwards, also without issue.

    Looks like this early opening method is no longer possible, I've been trying to do this over the last few days (within the 7-10 days as mentioned above) and it just keeps stating that I can't open it as I already have one.
  • allegro120
    allegro120 Posts: 2,721 Forumite
    1,000 Posts Third Anniversary Name Dropper
    10_66 said:
    Dizzycap said:
    This might be useful to anyone who is holding:
    Around 7-10 days before your old RS matures, the system will allow you to open a New RS without any issues.
    Mine was due to mature on 6th December and I opened a new RS on the 28th November which was fully funded from my TSB current account on the 29th. I then subsequently changed the automatic set-up monthly deposit date to the beginning of the December onwards, also without issue.

    Looks like this early opening method is no longer possible, I've been trying to do this over the last few days (within the 7-10 days as mentioned above) and it just keeps stating that I can't open it as I already have one.
    I tried this too and it didn't work, so I had to wait until the maturity date as per t&c.
  • Dizzycap
    Dizzycap Posts: 2,065 Ambassador
    1,000 Posts Third Anniversary Photogenic Debt-free and Proud!
    10_66 said:
    Dizzycap said:
    This might be useful to anyone who is holding:
    Around 7-10 days before your old RS matures, the system will allow you to open a New RS without any issues.
    Mine was due to mature on 6th December and I opened a new RS on the 28th November which was fully funded from my TSB current account on the 29th. I then subsequently changed the automatic set-up monthly deposit date to the beginning of the December onwards, also without issue.

    Looks like this early opening method is no longer possible, I've been trying to do this over the last few days (within the 7-10 days as mentioned above) and it just keeps stating that I can't open it as I already have one.
    I'd keep retrying around 6-7 days as I've found it has varied from year to year. This year it was 10 days for me, the year before before 6 days before maturity of old RS. I always managed to open my new RS early via APP, if that's any help ;) Also, make sure the TSB App is up to date ;)
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