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

devansuk

Thanks for all the comments about the DRS it was the Santander edge account  I'm thinking of transferring too. 

Ive always dipped into other regualar savers when I've needed too but never my drs!

ThePirates

flaneurs_lobster said:

clairec666 said:

steven141 said:

Our Regular Saver pot rate is changing soon

As a Zopa bank account customer, you’re eligible to open a Regular Saver pot. It lets you save up to £300 a month, withdraw anytime and earn 7.5% AER* (7.25% gross**) — fixed for a year.

This rate will expire on 17th June. After that, you'll still be able to open a Regular Saver pot, but you’ll earn a lower, variable interest rate of 7.1% AER* (6.87% gross**).

To open a Regular Saver pot in your Smart Savings Hub, tap ‘Open a pot’ and select the ‘Regular Saver pot’ option.

Snap it up now - the existing rate is fixed for a year, the new (lower) rate is variable.

My Zopa RS is fixed until 03/10. Worth trying to close and reopen to secure 7.5% for another year?

I haven't checked the t&cs yet. Hope I saved them, finding such things on the Zopa website is hard.

Mine runs out in November, so a close and restart, if possible, would be useful.

ForumUser7

Can someone remind me - is it still a case of you need to wait to be invited for Zopa CA then open the RS please? Thanks

flaneurs_lobster

ForumUser7 said:

Can someone remind me - is it still a case of you need to wait to be invited for Zopa CA then open the RS please? Thanks

According to their website you still need to be invited to open a (beta) current account. It does not mention a regular saver. 

Do you have an "account" with them (ie some money in a saver pot or some other product)?

ForumUser7

flaneurs_lobster said:

ForumUser7 said:

Can someone remind me - is it still a case of you need to wait to be invited for Zopa CA then open the RS please? Thanks

According to their website you still need to be invited to open a (beta) current account. It does not mention a regular saver. 

Do you have an "account" with them (ie some money in a saver pot or some other product)?

Thanks

No, I don't. They've never had the highest rate available to me. Hopefully when the 7.1% RS comes out, the beta status is removed and it's available to all applicants 

masonic

flaneurs_lobster said:

ForumUser7 said:

Can someone remind me - is it still a case of you need to wait to be invited for Zopa CA then open the RS please? Thanks

According to their website you still need to be invited to open a (beta) current account. It does not mention a regular saver. 

Do you have an "account" with them (ie some money in a saver pot or some other product)?

The RS is a pot in their Smart Saver product. Available only to current account holders.

clairec666

ForumUser7 said:

Can someone remind me - is it still a case of you need to wait to be invited for Zopa CA then open the RS please? Thanks

I'm new to Zopa, installed the app last week and was immediately able to open the current account, and once that was set up I was able to open the regular saver. No invite necessary.

flaneurs_lobster said:

clairec666 said:

steven141 said:

Our Regular Saver pot rate is changing soon

As a Zopa bank account customer, you’re eligible to open a Regular Saver pot. It lets you save up to £300 a month, withdraw anytime and earn 7.5% AER* (7.25% gross**) — fixed for a year.

This rate will expire on 17th June. After that, you'll still be able to open a Regular Saver pot, but you’ll earn a lower, variable interest rate of 7.1% AER* (6.87% gross**).

To open a Regular Saver pot in your Smart Savings Hub, tap ‘Open a pot’ and select the ‘Regular Saver pot’ option.

Snap it up now - the existing rate is fixed for a year, the new (lower) rate is variable.

My Zopa RS is fixed until 03/10. Worth trying to close and reopen to secure 7.5% for another year?

I haven't checked the t&cs yet. Hope I saved them, finding such things on the Zopa website is hard.

Failed to find any proper T&Cs, but the FAQs don't say anything about closing the regular saver pot. General T&Cs at https://www.datocms-assets.com/23873/1729850844-smart-saver-terms-update-29-10-2024.pdf.

flaneurs_lobster

clairec666 said:

ForumUser7 said:

Can someone remind me - is it still a case of you need to wait to be invited for Zopa CA then open the RS please? Thanks

I'm new to Zopa, installed the app last week and was immediately able to open the current account, and once that was set up I was able to open the regular saver. No invite necessary.

flaneurs_lobster said:

clairec666 said:

steven141 said:

Our Regular Saver pot rate is changing soon

As a Zopa bank account customer, you’re eligible to open a Regular Saver pot. It lets you save up to £300 a month, withdraw anytime and earn 7.5% AER* (7.25% gross**) — fixed for a year.

This rate will expire on 17th June. After that, you'll still be able to open a Regular Saver pot, but you’ll earn a lower, variable interest rate of 7.1% AER* (6.87% gross**).

To open a Regular Saver pot in your Smart Savings Hub, tap ‘Open a pot’ and select the ‘Regular Saver pot’ option.

Snap it up now - the existing rate is fixed for a year, the new (lower) rate is variable.

My Zopa RS is fixed until 03/10. Worth trying to close and reopen to secure 7.5% for another year?

I haven't checked the t&cs yet. Hope I saved them, finding such things on the Zopa website is hard.

Failed to find any proper T&Cs, but the FAQs don't say anything about closing the regular saver pot. General T&Cs at https://www.datocms-assets.com/23873/1729850844-smart-saver-terms-update-29-10-2024.pdf.

Thanks for those. Not much use, just says pots can be closed once they are empty. 

If there were only a month or so to run at 7.5% I'd risk it but 4 months - nah.

trickydicky14

ForumUser7 said:

flaneurs_lobster said:

ForumUser7 said:

Can someone remind me - is it still a case of you need to wait to be invited for Zopa CA then open the RS please? Thanks

According to their website you still need to be invited to open a (beta) current account. It does not mention a regular saver. 

Do you have an "account" with them (ie some money in a saver pot or some other product)?

Thanks

No, I don't. They've never had the highest rate available to me. Hopefully when the 7.1% RS comes out, the beta status is removed and it's available to all applicants 

You know what they say, you've got to be in it to win it.

clairec666

flaneurs_lobster said:

clairec666 said:

ForumUser7 said:

Can someone remind me - is it still a case of you need to wait to be invited for Zopa CA then open the RS please? Thanks

I'm new to Zopa, installed the app last week and was immediately able to open the current account, and once that was set up I was able to open the regular saver. No invite necessary.

flaneurs_lobster said:

clairec666 said:

steven141 said:

Our Regular Saver pot rate is changing soon

As a Zopa bank account customer, you’re eligible to open a Regular Saver pot. It lets you save up to £300 a month, withdraw anytime and earn 7.5% AER* (7.25% gross**) — fixed for a year.

This rate will expire on 17th June. After that, you'll still be able to open a Regular Saver pot, but you’ll earn a lower, variable interest rate of 7.1% AER* (6.87% gross**).

To open a Regular Saver pot in your Smart Savings Hub, tap ‘Open a pot’ and select the ‘Regular Saver pot’ option.

Snap it up now - the existing rate is fixed for a year, the new (lower) rate is variable.

My Zopa RS is fixed until 03/10. Worth trying to close and reopen to secure 7.5% for another year?

I haven't checked the t&cs yet. Hope I saved them, finding such things on the Zopa website is hard.

Failed to find any proper T&Cs, but the FAQs don't say anything about closing the regular saver pot. General T&Cs at https://www.datocms-assets.com/23873/1729850844-smart-saver-terms-update-29-10-2024.pdf.

Thanks for those. Not much use, just says pots can be closed once they are empty. 

If there were only a month or so to run at 7.5% I'd risk it but 4 months - nah.

"From time to time, we may make exclusive pot types available in the Zopa app that have certain eligibility criteria (such as needing to have another Zopa product).... If you don’t meet the eligibility criteria, you won’t be able to access this particular pot type, but you’ll still be able to use the rest of your account like normal."

Sounds like there's no guarantee you'll be able to open a new regular saver, so I wouldn't risk it!