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

WillPS

flaneurs_lobster said:

janusdesign said:

flaneurs_lobster said:

poshrule_uk said:

I have miscalculated the amount of funds I have for my HSBC Regular Saver this month and reduced my standing order down and have now realised I could have met the full amount of £250. As the standing order is due tomorrow I can't increase the amount back up. Can I just transfer over the difference tomorrow to make it up to £250 or have I got to wait until next month so I can pay in this month's subscription?

Don't believe so, payments have to be by standing order.

I don't believe that payments have to be made via Standing Order - or at least if that is a condition (I know it says it on page 1 too), it isn't enforced.
I think it was previously discussed in this thread (which is where I got the idea) that you could cancel the SO and, as long as the payments are received from the relevant HSBC current account, those deposits will be fine - this is what I do, I transfer £250 from my main banking external current account to the HSBC current account and then do an internal transfer across to the regular saver... i've done that for at least the last 9 months with no issues.

I stand corrected, I don't have one of these RSs and assumed (wrongly) that it would be as the First Direct equivalent, unless I'm wrong about that too?

First Direct is the only one to enforce payment by standing order/from linked current account AIUI.

Santander and Zopa don't provide BACS details so you can only internally transfer.

HSBC, LBG and maybe some others state that it should/must be but actually don't care how the money gets to them.

poshrule_uk

Thanks everyone. I will transfer the difference over in the morning!

Hattie627

Bridlington1 said:

Just a reminder the following interest rate cuts come into effect tomorrow:

Account	Old rate	New rate	Date
Skipton Home Deposit Saver Issue 1-3	4.56%	4.31%	09/06/2025
Suffolk BS Online 1 Year Variable Rate Regular Saver (30.09.2025)	5.00%	4.75%	09/06/2025
Suffolk BS Variable Rate Regular Saver (31.05.2026)	4.80%	4.55%	09/06/2025
Suffolk BS 1 Year Variable Rate Regular Saver (31.12.2025) (includes online)	5.00%	4.75%	09/06/2025
Suffolk BS 2 Year Variable Rate Regular Saver (31.12.2026)	4.80%	4.55%	09/06/2025
Suffolk BS 1 Year Variable Rate Regular Saver (31.03.2026) (includes online)	5.00%	4.75%	09/06/2025
Suffolk BS 2 Year Variable Rate Regular Saver (31.12.2025)	4.80%	4.55%	09/06/2025

Thanks for the timely reminder.

I've today closed my Skipton BS Home Deposit Saver Issue 1. Rate is falling to 4.31% tomorrow, which is lower than currently achievable on instant access. I opened the HDS in July 2024 and it was due to last for two years, but early closure is allowed (not partial withdrawals). Balance of £6000 in the account with closing interest being credited of £125.24.

Money_Grabber13579

My second principality account has matured and it was also blocked from maturing into a 2nd regular saver account (but not by the same person who was mentioned here previously). So looks like that opportunity might be coming to an end.

surreysaver

Money_Grabber13579 said:

My second principality account has matured and it was also blocked from maturing into a 2nd regular saver account (but not by the same person who was mentioned here previously). So looks like that opportunity might be coming to an end.

I've got four. I wonder if they're going to go through and have a cull?

janusd

Money_Grabber13579 said:

My second principality account has matured and it was also blocked from maturing into a 2nd regular saver account (but not by the same person who was mentioned here previously). So looks like that opportunity might be coming to an end.

your best bet would have been to give them a call before maturity - they did it for me (so that's my 3rd) despite what I was told by secure messaging.

Kim_13

Money_Grabber13579 said:

My second principality account has matured and it was also blocked from maturing into a 2nd regular saver account (but not by the same person who was mentioned here previously). So looks like that opportunity might be coming to an end.

I received my letter yesterday for a maturity on the 21st. Being a bit short of cash this month it works for me to just get it all paid out, then any future issue can hopefully get a better date (this was my Issue 1 originally so both that and now Issue 2 have matured on a non-working day, and it wouldn’t be a working day until December 2026 if continually renewed.) Better to take the money and utilise allowances where I know the rate will be honoured rather than leaving cash needing to be redistributed later, I think.

allegro120

Kim_13 said:

Money_Grabber13579 said:

My second principality account has matured and it was also blocked from maturing into a 2nd regular saver account (but not by the same person who was mentioned here previously). So looks like that opportunity might be coming to an end.

I received my letter yesterday for a maturity on the 21st. Being a bit short of cash this month it works for me to just get it all paid out, then any future issue can hopefully get a better date (this was my Issue 1 originally so both that and now Issue 2 have matured on a non-working day, and it wouldn’t be a working day until December 2026 if continually renewed.) Better to take the money and utilise allowances where I know the rate will be honoured rather than leaving cash needing to be redistributed later, I think.

There might be no future issue, we don't know.  You can mature into issue 3 whilst available, put £1 in it and you don't have to fund it any further, but it will be there for you if you need it.  
Weekends.  In my experience funds matured at weekend always arrive to my bank account on the same day.

cheekyweegit

I'm another with 3 Principality Issue 3 accounts now, Started off with Issue 1 which matured last Month to an Issue 3, with everything being said on here I didn't expect my Issue 2 to be matures into another Issue 3, but I've had confirmation in the post that it's going ahead and should happen on the 10th.  I'll wait with baited breath.

My original issue still has 3 months to run so that will be end of September before I know what will happen with that.  I quite like the 6 months savings, handy if you are saving up for something in the not to distant future and don't want to commit for too long.

Now this £50 refer a friend one, if only we had a thread for referrals for this and also should I open a Skipton a/c with just £1 in it and wait patiently for their next offer?  They seem to be popular and with a good reputations.

PS thanks to all who post in here / the savings board.  I've learned so much but could very probably do better.

Next on the list to start looking for is a replacement for my chip ISA when the bonus runs out next month, but boy did the transfer from Zopa to Chip take seemingly for ever (23 days - not all working days).

Kim_13

cheekyweegit said:

I'm another with 3 Principality Issue 3 accounts now, Started off with Issue 1 which matured last Month to an Issue 3, with everything being said on here I didn't expect my Issue 2 to be matures into another Issue 3, but I've had confirmation in the post that it's going ahead and should happen on the 10th.  I'll wait with baited breath.

My original issue still has 3 months to run so that will be end of September before I know what will happen with that.  I quite like the 6 months savings, handy if you are saving up for something in the not to distant future and don't want to commit for too long.

Now this £50 refer a friend one, if only we had a thread for referrals for this and also should I open a Skipton a/c with just £1 in it and wait patiently for their next offer?  They seem to be popular and with a good reputations.

PS thanks to all who post in here / the savings board.  I've learned so much but could very probably do better.

Next on the list to start looking for is a replacement for my chip ISA when the bonus runs out next month, but boy did the transfer from Zopa to Chip take seemingly for ever (23 days - not all working days).

The Refer a Friend offer was Saffron - but as their only best buy account other than that is Members’ Month, it’s likely a 2 year wait before £1 pays dividends - if they continue offering these accounts, the cut off date seems to be having been a member on 1 June of the previous year. By putting £1 in, you also make yourself ineligible for the Refer a Friend account should you subsequently find someone qualified to refer you.

£1 with Skipton is a very good idea - their cut off dates have form for being 1 day before the launch of a Member Exclusive account. 

In case it wasn’t clear from my previous post, I already have a Principality Issue 3 maxed out to date. It was not attempting to exploit the loophole that I am toying with. I also have experience of funds arriving on a weekend, but the fact that it is a weekend prevents onward distribution (if not at the current account end, then a number of providers treating non-working day deposits as received the next working day - including Skipton Member Bonus Saver, where the monies will be heading ready to fund Regular Savers going forward.)