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

trickydicky14

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.

For a drop in rates of 0.4% and 4 months to run I think I will stick.

s71hj

flaneurs_lobster said:

s71hj said:

Bob2000 said:

trickydicky14 said:

devansuk said:

I have the fear of withdrawing my natwest digital regular saver account to another higher interest easy access account because it took me years to get to 5k from only £150 a month out! Anyone else feel the same? Wondering if its worth it for the extra 0.5 %

The thing is you can get to 5K much quicker these days with 5x round ups.

I know last month l managed to add an extra £208.83 just by using the ×5 round up.
Bit sick of carrots and bananas now, though!

Presumably round ups can also be achieved eg by debit card payments into own account with a building society account, Trading 212, Revolut etc etc rather than supermarket purchases? It's something I want to start doing, hence the question!

I've got the debit card linked to PayPal and doing a Friends'n'Family transfer of 1p from Me1 to Me2 (2nd PayPal account). Been doing this once daily since the 5x roundup came in. Shifts £4.95/day to the DRS. Takes a minute.

Don't really use PayPal or the NatWest account for anything else so no real concerns about being shut down.

What is the process for that on the PayPal app. I've never quite managed to work it out!

flaneurs_lobster

s71hj said:

flaneurs_lobster said:

s71hj said:

Bob2000 said:

trickydicky14 said:

devansuk said:

I have the fear of withdrawing my natwest digital regular saver account to another higher interest easy access account because it took me years to get to 5k from only £150 a month out! Anyone else feel the same? Wondering if its worth it for the extra 0.5 %

The thing is you can get to 5K much quicker these days with 5x round ups.

I know last month l managed to add an extra £208.83 just by using the ×5 round up.
Bit sick of carrots and bananas now, though!

Presumably round ups can also be achieved eg by debit card payments into own account with a building society account, Trading 212, Revolut etc etc rather than supermarket purchases? It's something I want to start doing, hence the question!

I've got the debit card linked to PayPal and doing a Friends'n'Family transfer of 1p from Me1 to Me2 (2nd PayPal account). Been doing this once daily since the 5x roundup came in. Shifts £4.95/day to the DRS. Takes a minute.

Don't really use PayPal or the NatWest account for anything else so no real concerns about being shut down.

What is the process for that on the PayPal app. I've never quite managed to work it out!

The adding of a card or the paying f&f or having 2 accounts?

s71hj

flaneurs_lobster said:

s71hj said:

flaneurs_lobster said:

s71hj said:

Bob2000 said:

trickydicky14 said:

devansuk said:

I have the fear of withdrawing my natwest digital regular saver account to another higher interest easy access account because it took me years to get to 5k from only £150 a month out! Anyone else feel the same? Wondering if its worth it for the extra 0.5 %

The thing is you can get to 5K much quicker these days with 5x round ups.

I know last month l managed to add an extra £208.83 just by using the ×5 round up.
Bit sick of carrots and bananas now, though!

Presumably round ups can also be achieved eg by debit card payments into own account with a building society account, Trading 212, Revolut etc etc rather than supermarket purchases? It's something I want to start doing, hence the question!

I've got the debit card linked to PayPal and doing a Friends'n'Family transfer of 1p from Me1 to Me2 (2nd PayPal account). Been doing this once daily since the 5x roundup came in. Shifts £4.95/day to the DRS. Takes a minute.

Don't really use PayPal or the NatWest account for anything else so no real concerns about being shut down.

What is the process for that on the PayPal app. I've never quite managed to work it out!

The adding of a card or the paying f&f or having 2 accounts?

The paying bit

MisterMotivated

clairec666 said:

MisterMotivated said:

Stargunner said:

[Quoted post removed by Forum Team]

Same for me. 2nd issue 3 now open.

I mistakenly made a 7th payment of £200 to my issue 2 on the 1st June. I expected the money to be returned to me, but it was credited to the account which gave me a total of £1400.

£200 is now sitting in my issue 3 and £1228 is being paid to my nominated bank acc.

Hopefully when some of their interest rates drop on 19th, they'll release a 6 Month Regular Saver Issue 4

But probably with a lower interest rate than the issue 3  :'(

Still, even if it's 7%, it'll be worth having

True, but that would then give me the chance at having 4x 6 Month Regular Savers 

flaneurs_lobster

s71hj said:

flaneurs_lobster said:

s71hj said:

flaneurs_lobster said:

s71hj said:

Bob2000 said:

trickydicky14 said:

devansuk said:

I have the fear of withdrawing my natwest digital regular saver account to another higher interest easy access account because it took me years to get to 5k from only £150 a month out! Anyone else feel the same? Wondering if its worth it for the extra 0.5 %

The thing is you can get to 5K much quicker these days with 5x round ups.

I know last month l managed to add an extra £208.83 just by using the ×5 round up.
Bit sick of carrots and bananas now, though!

Presumably round ups can also be achieved eg by debit card payments into own account with a building society account, Trading 212, Revolut etc etc rather than supermarket purchases? It's something I want to start doing, hence the question!

I've got the debit card linked to PayPal and doing a Friends'n'Family transfer of 1p from Me1 to Me2 (2nd PayPal account). Been doing this once daily since the 5x roundup came in. Shifts £4.95/day to the DRS. Takes a minute.

Don't really use PayPal or the NatWest account for anything else so no real concerns about being shut down.

What is the process for that on the PayPal app. I've never quite managed to work it out!

The adding of a card or the paying f&f or having 2 accounts?

The paying bit

Ok, assuming that you have a "friend or family" with a PayPal account (although I'm not actually sure that's needed) and that they are in your Contacts, accessible to your PayPal app.

Take Send/Request from Home page
Put friend's name in search bar (or touch search bar to bring up your Contacts list)
Select your pal, brings up screen where you enter ".01" in the £ field and hit send
A Review screen - check that your Debit card is the correct one and that the payment shows as "Friends and family" and the PayPal fee = £0.
Hit Send
Confirmation message saying "You've sent £0.01 to Your Friend, you tight !!!!!!"
That pal should appear on your home screen under "Send again".

That's obviously all using the app, I'm assuming doing it in a browser will be similar.

Good luck.

redpete

Anyone opened the Saffron Refer a Friend RS as a new customer without receiving a referral email? 

allegro120

Kim_13 said:

It would be interesting to know whether anyone escapes being caught - perhaps if an account stays open long enough to get a 2nd payment in (or 3rd if anyone got a payment in dated 31 May.)

Saffron?
I didn't escape.  My MMLS and my OH's RaF weren't affected because they are both legitimate.  The other two (my RaF and my OH's MMLS) were closed as expected.  Fair play. 

Dizzycap

Curious to know if anyone has had a letter from Coventry about the £1,000 prize draw relating to the Coventry Loyalty RS (3)? Wondering if anyone has won?

Bridlington1

Nationwide BS Flex Regular Saver (Issue 5) at 6.5% to go NLA. Replaced by Issue 6 at the same rate.