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

nomorekids

liamcov said:

New account from Saffron! 

Refer a Friend regular saver 8%

£50 month / max £600.

Must complete a 'survey' providing the name of another Saffron customer who has 'referred' you (otherwise they say they will close your account down!)

https://www.saffronbs.co.uk/MM_Refer_a_Friend_Saver

Thank you for posting, do you know the incentive for the referrer? Or is the incentive a way of getting this account by by passing the one year rule for the members saver?

jim1999

Saffron BS

I also can't see any indication that existing members can't apply, which seems odd?

liamcov

nomorekids said:

liamcov said:

New account from Saffron! 

Refer a Friend regular saver 8%

£50 month / max £600.

Must complete a 'survey' providing the name of another Saffron customer who has 'referred' you (otherwise they say they will close your account down!)

https://www.saffronbs.co.uk/MM_Refer_a_Friend_Saver

Thank you for posting, do you know the incentive for the referrer? Or is the incentive a way of getting this account by by passing the one year rule for the members saver?

I suppose the friend they are referring can refer them to the same product, that's my intention. 

Aidanmc

Saffron BS

You must have been referred by an existing member holding a Member’s Month Loyalty Saver.

So we just need name of 1 person holding a Members monthly loyalty saver and we can all be their friend?

Bridlington1

Aidanmc said:

Saffron BS

You must have been referred by an existing member holding a Member’s Month Loyalty Saver.

So we just need name of 1 person holding a Members monthly loyalty saver and we can all be their friend?

Although I must stress the forum rules prohibit the exchanging of personal details so if you were to do this you would need to do this outside of this forum.

surreysaver

My Principality Regular Saver 34 natured today into my third 6 Month Regular Saver 3.
So I should be able to deposit the second £200 tomorrow.

Speculator

Saffron BS

Can they be related or is it strictly friend only?

Also, although it says 

• You can only hold one account of this type of regular saver (Refer a Friend Saver).

I have a feeling they will close your account if you already have a members monthly loyalty.

Section62

Bridlington1 said:

Aidanmc said:

Saffron BS

You must have been referred by an existing member holding a Member’s Month Loyalty Saver.

So we just need name of 1 person holding a Members monthly loyalty saver and we can all be their friend?

Although I must stress the forum rules prohibit the exchanging of personal details so if you were to do this you would need to do this outside of this forum.

I'd also guess Saffron might invesitgate if the same name crops up a large number of times.

It feels like this account is intended for brand new/recent members who won't be eligible for the Member's Month product but know someone who is - in other words it widens eligibility for a loyalty-type RS product, without making it available to everyone.  It also feels like there is a missing condition that you can't apply for this product if you already have a Member's Month Loyalty Saver (or are eligible for one).  Perhaps they will do it the other way round and make holders of the Refer a Friend product ineligible for the forthcoming Member's Month product?

Bridlington1

Section62 said:

Bridlington1 said:

Aidanmc said:

Saffron BS

You must have been referred by an existing member holding a Member’s Month Loyalty Saver.

So we just need name of 1 person holding a Members monthly loyalty saver and we can all be their friend?

Although I must stress the forum rules prohibit the exchanging of personal details so if you were to do this you would need to do this outside of this forum.

I'd also guess Saffron might invesitgate if the same name crops up a large number of times.

It feels like this account is intended for brand new/recent members who won't be eligible for the Member's Month product but know someone who is - in other words it widens eligibility for a loyalty-type RS product, without making it available to everyone.  It also feels like there is a missing condition that you can't apply for this product if you already have a Member's Month Loyalty Saver (or are eligible for one).  Perhaps they will do it the other way round and make holders of the Refer a Friend product ineligible for the forthcoming Member's Month product?

But then again if they do that there's the possibility of opening the Member's Month Loyalty Saver first and then applying for the refer-a-friend one as the RAF terms don't exclude those who hold the loyalty account.

For now I've added this account to the open to all list based on the terms I can see. Ts&Cs have been archived to the wayback machine for future reference:
https://web.archive.org/web/20250531084120/https://www.saffronbs.co.uk/MM_Refer_a_Friend_Saver

where_are_we

Saffron Refer a friend - Myself and OH are already Saffron customers. Would it be possible for one of us to refer the other and even vice versa? I would imagine it is aimed at new Saffron customers so I have my doubts.