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

ChewyyBacca

jameseonline said:

clairec666 said:

jameseonline said:

Am I right in thinking you can have Skipton Regular & Skipton Member Regular?, as someone that no longer holds the member regular I'm thinking of getting both as overflow accounts. I'm sure I read you can't have the regular if you already have a member regular but can have member if you have regular.

Certainly worked for me back in July - open the non-member one first, then the member one.

They're quite useful as overflow accounts as any unused monthly allowance rolls over to the next month, so you could leave them with £1 for a few months then stick a lump sum in later. Only downside is that they don't allow withdrawals, but there's no loss of interest if you close early (confirmed from personal experience).

Rollover is a good feature & closing early with no interest loss is also good 

Can someone please explain the concept of ''Rollover''?
My Santander Reg Saver Iss 19 is finishing its 12 months, though i have noted in my excel sheet ''Automatic rollover''. What exactly happens here?

Kim_13

ChewyyBacca said:

jameseonline said:

clairec666 said:

jameseonline said:

Am I right in thinking you can have Skipton Regular & Skipton Member Regular?, as someone that no longer holds the member regular I'm thinking of getting both as overflow accounts. I'm sure I read you can't have the regular if you already have a member regular but can have member if you have regular.

Certainly worked for me back in July - open the non-member one first, then the member one.

They're quite useful as overflow accounts as any unused monthly allowance rolls over to the next month, so you could leave them with £1 for a few months then stick a lump sum in later. Only downside is that they don't allow withdrawals, but there's no loss of interest if you close early (confirmed from personal experience).

Rollover is a good feature & closing early with no interest loss is also good 

Can someone please explain the concept of ''Rollover''?
My Santander Reg Saver Iss 19 is finishing its 12 months, though i have noted in my excel sheet ''Automatic rollover''. What exactly happens here?

Rollover in the Skipton context means that unused deposit allowance can be carried forward, so if you opened with £1 now you could pay in £499 on September payday (for example.)

With other providers, eg. Halifax, rollover means them automatically emptying the RS into a EA and beginning a new RS without you needing to reapply.

s71hj

Kim_13 said:

ChewyyBacca said:

jameseonline said:

clairec666 said:

jameseonline said:

Am I right in thinking you can have Skipton Regular & Skipton Member Regular?, as someone that no longer holds the member regular I'm thinking of getting both as overflow accounts. I'm sure I read you can't have the regular if you already have a member regular but can have member if you have regular.

Certainly worked for me back in July - open the non-member one first, then the member one.

They're quite useful as overflow accounts as any unused monthly allowance rolls over to the next month, so you could leave them with £1 for a few months then stick a lump sum in later. Only downside is that they don't allow withdrawals, but there's no loss of interest if you close early (confirmed from personal experience).

Rollover is a good feature & closing early with no interest loss is also good 

Can someone please explain the concept of ''Rollover''?
My Santander Reg Saver Iss 19 is finishing its 12 months, though i have noted in my excel sheet ''Automatic rollover''. What exactly happens here?

Rollover in the Skipton context means that unused deposit allowance can be carried forward, so if you opened with £1 now you could pay in £499 on September payday (for example.)

With other providers, eg. Halifax, rollover means them automatically emptying the RS into a EA and beginning a new RS without you needing to reapply.

I must admit I've never heard of any other provider taking the Skipton approach. And indeed I wasn't aware of it in the case of Skipton so thanks to the OP for drawing attention to it

Bridlington1

s71hj said:

Kim_13 said:

ChewyyBacca said:

jameseonline said:

clairec666 said:

jameseonline said:

Am I right in thinking you can have Skipton Regular & Skipton Member Regular?, as someone that no longer holds the member regular I'm thinking of getting both as overflow accounts. I'm sure I read you can't have the regular if you already have a member regular but can have member if you have regular.

Certainly worked for me back in July - open the non-member one first, then the member one.

They're quite useful as overflow accounts as any unused monthly allowance rolls over to the next month, so you could leave them with £1 for a few months then stick a lump sum in later. Only downside is that they don't allow withdrawals, but there's no loss of interest if you close early (confirmed from personal experience).

Rollover is a good feature & closing early with no interest loss is also good 

Can someone please explain the concept of ''Rollover''?
My Santander Reg Saver Iss 19 is finishing its 12 months, though i have noted in my excel sheet ''Automatic rollover''. What exactly happens here?

Rollover in the Skipton context means that unused deposit allowance can be carried forward, so if you opened with £1 now you could pay in £499 on September payday (for example.)

With other providers, eg. Halifax, rollover means them automatically emptying the RS into a EA and beginning a new RS without you needing to reapply.

I must admit I've never heard of any other provider taking the Skipton approach. And indeed I wasn't aware of it in the case of Skipton so thanks to the OP for drawing attention to it

First Direct also allows you to catch up on missed deposits in later months, same goes for HSBC.

Bridlington1

Principality BS 6 Month Regular Saver (Issue 3) at 7.5% to go NLA within hours.

Replaced by Issue 4 at the same rate.

schiff

I suppose it's the utmost cheek opening the Issue 4 by application now, and then expecting it to be one of the choices when I get word about my existing 6 month account's maturity in two weeks time. Or ensuring it anyway by opening it today and seeing what happens. You never know with Principality.
Not showing on the home page yet though.

Bridlington1

Bridlington1 said:

Principality BS 6 Month Regular Saver (Issue 3) at 7.5% to go NLA within hours.

Replaced by Issue 4 at the same rate.

One thing I'll also add is that if you open the account this month it'll mature in February 2026. Given that today's 28th this would mean that if opened at any point during the rest of this month the maturity date would be 28th February 2026 thus removing any advantage in delaying opening till the end of this month.

jameseonline

Bridlington1 said:

Principality BS 6 Month Regular Saver (Issue 3) at 7.5% to go NLA within hours.

Replaced by Issue 4 at the same rate.

OMG I was wondering when this would happen, everyone that can get the issue 3 (if you haven't got 1 already) & then an issue 4  asap then I dunno maybe convert a previous issue if nearing maturity if Principality allows 😏🤔

WillPS

2 x MonBS Branch Saver applications submitted, in hope. Popped a first class label on in an attempt to get ahead of the masses of Freepost envelopes winging their way to Newport...

jameseonline

schiff said:

I suppose it's the utmost cheek opening the Issue 4 by application now, and then expecting it to be one of the choices when I get word about my existing 6 month account's maturity in two weeks time. Or ensuring it anyway by opening it today and seeing what happens. You never know with Principality.
Not showing on the home page yet though.

Just aim to get 1 by applying asap, anything more (via maturity) is a bonus