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

masonic

Kim_13 said:

allegro120 said:

Dizzycap said:

allegro120 said:

Bridlington1 said:

Loughborough BS have launched two regular savers:


Loughborough BS 1 Year Super Saver Account (Local) at 6% (var), £1k min monthly deposit, £2k max monthly deposit. 

Loughborough BS 2 Year Super Saver Account (Local) at 5%, £500 min monthly deposit, £1k max monthly deposit. 


Both accounts allow 1 withdrawal per account year (1st April-31st March) plus closure, are branch/post only and available only to new and existing customers residing in the postcodes LE, DE, NG.

Judging by the way they appear on moneyfacts they seem to have been launched before today so I'm listing them as being launched on 14/4/25 for now.

It says on the website that you can open them in branch or by post.  I called my nearest branch and has been told that you can only open it in branch, so I've made an appointment for next Tuesday.

That's very strange, as there's a downloadable print off form available on the Loughborough website for the BS 1 Year Super Saver (local) @ 6% (var) to send through the post? 🤔I printed it off directly this morning with no problems. Will have to wait and see if there's any opening issues via postal application, but I doubt it!

Yes, I suspect the advice I was given was incorrect.  However, given the circumstances it should be quicker for me to open in branch.  I have no working printer and forthcoming 4 days of Easter break could delay the process. Luckily I'm only 8 miles away from the branch.

Last time (Holiday Monthly Saver 5.6%) I've asked them to send me the form, scanned it and sent by e-mail together with pictures of ID - that worked, took only 6 days (incl. weekend) for the account to be opened.  I'm not sure if e-mail application would work for 1 Year Super Saver, but this could be the quickest way.

I didn’t see anything to suggest that email applications were accepted this time whereas it was clearly stated before.

This is what I see on the "How to Apply" tab:

allegro120

WillPS said:

It probably varies by society, but my experience is that if you're an existing member of a society opening a new account, they will prefill an application form for you using the details on file and issue a new passbook there and then without an appointment.

If you're a new or returning member they tend to want appointments.

This happened to me recently when I opened Loughborough 5 Year Retirement as a new customer.  I gave them my details on the phone when booked the appointment and my application form was prefilled.  

Dizzycap

masonic said:

Kim_13 said:

allegro120 said:

Dizzycap said:

allegro120 said:

Bridlington1 said:

Loughborough BS have launched two regular savers:


Loughborough BS 1 Year Super Saver Account (Local) at 6% (var), £1k min monthly deposit, £2k max monthly deposit. 

Loughborough BS 2 Year Super Saver Account (Local) at 5%, £500 min monthly deposit, £1k max monthly deposit. 


Both accounts allow 1 withdrawal per account year (1st April-31st March) plus closure, are branch/post only and available only to new and existing customers residing in the postcodes LE, DE, NG.

Judging by the way they appear on moneyfacts they seem to have been launched before today so I'm listing them as being launched on 14/4/25 for now.

It says on the website that you can open them in branch or by post.  I called my nearest branch and has been told that you can only open it in branch, so I've made an appointment for next Tuesday.

That's very strange, as there's a downloadable print off form available on the Loughborough website for the BS 1 Year Super Saver (local) @ 6% (var) to send through the post? 🤔I printed it off directly this morning with no problems. Will have to wait and see if there's any opening issues via postal application, but I doubt it!

Yes, I suspect the advice I was given was incorrect.  However, given the circumstances it should be quicker for me to open in branch.  I have no working printer and forthcoming 4 days of Easter break could delay the process. Luckily I'm only 8 miles away from the branch.

Last time (Holiday Monthly Saver 5.6%) I've asked them to send me the form, scanned it and sent by e-mail together with pictures of ID - that worked, took only 6 days (incl. weekend) for the account to be opened.  I'm not sure if e-mail application would work for 1 Year Super Saver, but this could be the quickest way.

I didn’t see anything to suggest that email applications were accepted this time whereas it was clearly stated before.

This is what I see on the "How to Apply" tab:

Yes, that's what I did. Downloaded, completed, scanned & sent with usual ID doc scans via email. I should hear something tomorrow morning either way

Kim_13

West Brom Fixed Rate Regular Saver (Issue 7) paying 6% has also gone to branch opening only. 

Speculator

Looks like the Market Harborough Fixed rate regular saver has gone down to 5.8%

Fixed Term Regular Saver (30.06.2026) - Market Harborough

thefrank

Speculator said:

Looks like the Market Harborough Fixed rate regular saver has gone down to 5.8%

Fixed Term Regular Saver (30.06.2026) - Market Harborough

This is a new account and it has a fixed rate of interest from the date it is funded until the maturity date so it can't go down. The only change in interest rate is as if we compare it to the two previous regular savers both fixed to 6% (the first one could be opened on line and it matures Nov 25, the second was branch only like this issue and it matures march 26)

alfred64

Kim_13 said:

West Brom Fixed Rate Regular Saver (Issue 7) paying 6% has also gone to branch opening only. 

Perhaps the bs is doing this so that the interest rate can remain at 6% now that the rate has become competitive. It will surely restrict applicants anyway. Easy for me as I live in the West Midlands.
When I first opened the account despite - ' You can also pop in to your local branch or book an appointment.'
the branch I entered insisted I make an appointment despite there being not a single customer in the branch, but three staff talking amongst themselves. I left it at that and visited another branch a few miles away and was able to open the account on the spot. Upon maturity I could withdraw only £500 in cash with the remainder by cheque (less £250 which started another account)  Never thought to enquire if it could be sent by bank transfer. Will do so next time.
 

Speculator

francoghezzi said:

Speculator said:

Looks like the Market Harborough Fixed rate regular saver has gone down to 5.8%

Fixed Term Regular Saver (30.06.2026) - Market Harborough

This is a new account and it has a fixed rate of interest from the date it is funded until the maturity date so it can't go down. The only change in interest rate is as if we compare it to the two previous regular savers both fixed to 6% (the first one could be opened on line and it matures Nov 25, the second was branch only like this issue and it matures march 26)

Thats why I said "fixed" rate regular saver. On page 1, it still says 6% so needs amending.

surreysaver

Speculator said:

francoghezzi said:

Speculator said:

Looks like the Market Harborough Fixed rate regular saver has gone down to 5.8%

Fixed Term Regular Saver (30.06.2026) - Market Harborough

This is a new account and it has a fixed rate of interest from the date it is funded until the maturity date so it can't go down. The only change in interest rate is as if we compare it to the two previous regular savers both fixed to 6% (the first one could be opened on line and it matures Nov 25, the second was branch only like this issue and it matures march 26)

Thats why I said "fixed" rate regular saver. On page 1, it still says 6% so needs amending.

It hasn't gone down. It's a different account. The account on the first page is No Longer Available, but is still 6% as it is 'fixed'

Bridlington1

surreysaver said:

Speculator said:

francoghezzi said:

Speculator said:

Looks like the Market Harborough Fixed rate regular saver has gone down to 5.8%

Fixed Term Regular Saver (30.06.2026) - Market Harborough

This is a new account and it has a fixed rate of interest from the date it is funded until the maturity date so it can't go down. The only change in interest rate is as if we compare it to the two previous regular savers both fixed to 6% (the first one could be opened on line and it matures Nov 25, the second was branch only like this issue and it matures march 26)

Thats why I said "fixed" rate regular saver. On page 1, it still says 6% so needs amending.

The account on the first page is No Longer Available, but is still 6% as it is 'fixed'

The account listed on the first page should now be the new version (at 5.8%) with the previous issue at 6% listed under the ``Recently NLA Regular Savers" heading. I updated it before I went to work this morning.