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

trickydicky14

surreysaver said:

trickydicky14 said:

ForumUser7 said:

Funding Zopa

I'm still confused tbh. If I pay into the account details Zopa shows for savings, does that then go to the access account and then I can transfer internally into the RS? I.e. the RS itself has no sort code and account number? Thanks

Why not just use the auto save facility it's so simple and will pay money directly into your regular saver.

The auto save feature is unreliable 

Am I just lucky, I've been using it for a long time and it's never let me down as yet. And personally having to move almost 8k around each month with RS's I'm all for an easy life. But I understand it's a pain if it's gone wrong for someone.

WillPS

clairec666 said:

I'm trying to work out which banks allow you to close your current account but keep the regular saver open (for the purpose of getting switching bonuses!)
I've already successfully done this with Virgin, but couldn't do it with Halifax (they refused the switch out).
RBS's T&Cs say you can close the current account but will then only be able to withdraw from your regular saver in branch.
Anyone managed to do this with any other providers? Particularly TSB or Cooperative?

Halifax Regular Saver does not require a current account to be held. There must've been a different reason your switch failed.

friolento

surreysaver said:

trickydicky14 said:

ForumUser7 said:

Funding Zopa

I'm still confused tbh. If I pay into the account details Zopa shows for savings, does that then go to the access account and then I can transfer internally into the RS? I.e. the RS itself has no sort code and account number? Thanks

Why not just use the auto save facility it's so simple and will pay money directly into your regular saver.

The auto save feature is unreliable 

My autosave into Zopa has been working as designed, no issues. If it didn't, I would take the opportunity to complain to Zopa 

clairec666

WillPS said:

clairec666 said:

I'm trying to work out which banks allow you to close your current account but keep the regular saver open (for the purpose of getting switching bonuses!)
I've already successfully done this with Virgin, but couldn't do it with Halifax (they refused the switch out).
RBS's T&Cs say you can close the current account but will then only be able to withdraw from your regular saver in branch.
Anyone managed to do this with any other providers? Particularly TSB or Cooperative?

Halifax Regular Saver does not require a current account to be held. There must've been a different reason your switch failed.

Thanks - I successfully switched out after the regular saver matured, no feedback about why the initial switch failed but I assumed it was because the regular saver was still open

chris_the_bee

allegro120 said:

chris_the_bee said:

Bridlington1 said:

Following the BOE Base Rate being held at 4.25% on 19th June 2025 I am no longer updating my list of regular saver interest rate cuts following the BOE base rate cut on 8th May 2025.

The following providers of regular savers did not declare their intentions with regards to interest rates:
Nottingham BS
Gatehouse.


The full list of regular saver interest rate changes can be found below:
https://forums.moneysavingexpert.com/discussion/comment/81440959/#Comment_81440959

This link is also included on the first page of the Archived History of Regular Savers thread.

Gatehouse 

I’m writing to remind you we will be reducing the rate on your Gatehouse Bank Easy Access Maturity account effective 02 July 2025 as follows:

Current rate	New lower rate
4.35% Gross	4.15% Gross

Is it about issue 2?  I've closed it, but I still have EARS issue 1 which will reduce to 4.15% on 26th June. I wonder why they don't do them all on the same date. 

Gatehouse
My account is Issue 1

Dizzycap

ForumUser7 said:

Dizzycap said:

Section62 said:

Saffron

Just had an email from Saffron - which initially looked a bit scammy - that included a "Refer a Friend link" I've been invited to send to an eligible friend to eventually get a £15 book token.

Of note, the email clearly states "Your friend must be a new saffron customer to be eligible to open the account. Existing members do not qualify."  (T&C's apply)

[Edit for clarity:  Posted to highlight the (now) clear eligibility requirements for the account, not seeking anyone to refer.]

After applying for the Saffron 8% RS without the refer a friend bunk, Saffron stated they didn't have my phone number or email addy, which I know they have because I have another account with them and it was also included in the application - I didn't bother faffing about to chase it up! Today I receive both an email  & phone call from Saffron and they were only too happy to open the 8% RS as an existing customer without the refer a friend bunk. Opened and funded witin 2 minutes. 

Do you know whether they gave you the 'Refer a Friend Saver' or the 'Member's Month Loyalty Saver'? I'm struggling to understand what is meant by 'without the refer a friend bunk' - whether this means it was the one that didn't require referrals, or whether they waived the referral requirement.

My application was with the original  'Refer a Friend Saver' which couldn't be opened due to Saffron apparently not having my contact details, when they had. I didn't bother chasing it up and left it. I recevined an email a couple of days ago followed by a same day phone call to say they were happy to open an account for me, which they did & was funded within 2 minutes. Today I received an email to say I could still refer a friend to receive a £15 book voucher, but it wasn't obligatory to having & holding the 8% RS account. 

ordnancesurvey84

Natwest Digital Regular Saver
RBS Digital Regular Saver

Just a note of caution for those withdrawing and replacing funds from these accounts within a calendar month - (there've been posts on this thread about it being tolerated despite being against the accounts' terms).

I had £5000 in both these accounts. During the month of May, I withdrew £4999 from both accounts, leaving a £1 balance with the intention of replacing the funds before the end of the month.

For the NatWest account, I repaid the £4999 on Friday 30th May - and that was accepted.
For the RBS account, I repaid £4600 on Friday 30th May and £399 on Saturday 31st May.

The final £399 payment, because it was paid on the weekend, has been counted as a June payment and for some reason this has caused the account to reject all payments paid into the account in BOTH May and June, and I've had the balance reduced to £151 + beginning of June interest.

jaypers

My First Direct RS matures tomorrow (Sunday 22nd) but has disappeared completely today (Saturday 21st) so looks like maturity process has begun. Guessing I’ll see the funds early next week? 

friolento

jaypers said:

My First Direct RS matures tomorrow (Sunday 22nd) but has disappeared completely today (Saturday 21st) so looks like maturity process has begun. Guessing I’ll see the funds early next week? 

That's right. 

You should also be able to apply for your next one now, should you want one.

Bigwheels1111

jaypers said:

My First Direct RS matures tomorrow (Sunday 22nd) but has disappeared completely today (Saturday 21st) so looks like maturity process has begun. Guessing I’ll see the funds early next week? 

If you left the old savings account open that it matured into last year the money should be there tomorrow.