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

pecunianonolet

Hattie627 said:

Yorkshire BS £50 Regular Saver

Opened on the first day of issue last year (10/09/24). Interest of £27.06 now credited (0200 hours, 9th September 2025). Account closed at £627.06 and funds moved out (due in current account on 10th).

Although the rate of 8% was impressive, the return is less than exciting after a year's saving. Still, every penny counts.

I had £27.16 credited but can't see a way of moving the entire balance out. It does say product will mature in 1 day in the app. Do I need to wait until tomorrow?

schiff

clairec666 said:

Hattie627 said:

Yorkshire BS £50 Regular Saver

Opened on the first day of issue last year (10/09/24). Interest of £27.06 now credited (0200 hours, 9th September 2025). Account closed at £627.06 and funds moved out (due in current account on 10th).

Although the rate of 8% was impressive, the return is less than exciting after a year's saving. Still, every penny counts.

Just think of it this way - each £50 deposit was earning a better rate than it could elsewhere.
 
Everyone's got their own criteria for whether a regular saver account is "worth it" compared to the admin involved. If I wasn't already a YBS customer I'd probably forego another 8% offering (if they offer it!) and sacrifice 1/8 of the interest to put it into Monmouthshire instead (which I'm unlikely to be able to fully fund each month). As I'm not a new YBS customer, admin will be minimal so I'll probably snap up anything they offer if it's over 7%.

I'm not a new  customer either having three or more open and working accounts for several years but every time I apply for a new account I'm overwhelmed with ID verifications. Every time. So much so that I've abandoned applications, unfortunately including that 8% RS. Even written a complaint letter to the CEO. And my mother was born in Sheffield lol

CuparLad

pecunianonolet said:

Hattie627 said:

Yorkshire BS £50 Regular Saver

Opened on the first day of issue last year (10/09/24). Interest of £27.06 now credited (0200 hours, 9th September 2025). Account closed at £627.06 and funds moved out (due in current account on 10th).

Although the rate of 8% was impressive, the return is less than exciting after a year's saving. Still, every penny counts.

I had £27.16 credited but can't see a way of moving the entire balance out. It does say product will mature in 1 day in the app. Do I need to wait until tomorrow?

No you don't. Go online (not the app) and close the account. You'll get the full balance in the linked account tomorrow.

pecunianonolet

CuparLad said:

pecunianonolet said:

Hattie627 said:

Yorkshire BS £50 Regular Saver

Opened on the first day of issue last year (10/09/24). Interest of £27.06 now credited (0200 hours, 9th September 2025). Account closed at £627.06 and funds moved out (due in current account on 10th).

Although the rate of 8% was impressive, the return is less than exciting after a year's saving. Still, every penny counts.

I had £27.16 credited but can't see a way of moving the entire balance out. It does say product will mature in 1 day in the app. Do I need to wait until tomorrow?

No you don't. Go online (not the app) and close the account. You'll get the full balance in the linked account tomorrow.

Thanks, that worked and could close the regular saver now. I am so used of doing things in apps that I keep forgetting that more functions are available in the online banking portal. 

schiff

Nobody has mentioned the weird new HSBC app. I'm reserving judgement but I hate it so far. I've withdrawn the full proceeds of the RS having initially left £250 in for the new one. But seeing the 5.00% rate for the next one I've withdrawn that too. I'll take my chances in Savers' Week.

Regarding First Direct. Though nothing at all is showing for the matured RS (today) I've successfully opened the new one at 7.00% Fixed.

allegro120

pecunianonolet said:

Hattie627 said:

Yorkshire BS £50 Regular Saver

Opened on the first day of issue last year (10/09/24). Interest of £27.06 now credited (0200 hours, 9th September 2025). Account closed at £627.06 and funds moved out (due in current account on 10th).

Although the rate of 8% was impressive, the return is less than exciting after a year's saving. Still, every penny counts.

I had £27.16 credited but can't see a way of moving the entire balance out. It does say product will mature in 1 day in the app. Do I need to wait until tomorrow?

YBS 
No, you don't have to wait.  I closed mine this morning, expecting funds to arrive tomorrow.  

I had £27.11, Don't know why I got 5p less, I've opened the account on 10th and paid in £50 every 1st of the month.

castle96

me too.   also Stafford Building Society that will take £1,000 per month at 4.4%? They periodically allow up to an extra £12,000 to be paid in on top and recently sent me such an offer as an existing customer.

pecunianonolet

allegro120 said:

pecunianonolet said:

Hattie627 said:

Yorkshire BS £50 Regular Saver

Opened on the first day of issue last year (10/09/24). Interest of £27.06 now credited (0200 hours, 9th September 2025). Account closed at £627.06 and funds moved out (due in current account on 10th).

Although the rate of 8% was impressive, the return is less than exciting after a year's saving. Still, every penny counts.

I had £27.16 credited but can't see a way of moving the entire balance out. It does say product will mature in 1 day in the app. Do I need to wait until tomorrow?

YBS 
No, you don't have to wait.  I closed mine this morning, expecting funds to arrive tomorrow.  

I had £27.11, Don't know why I got 5p less, I've opened the account on 10th and paid in £50 every 1st of the month.

Same here, a bit strange indeed as there shouldn't be any discrepancies. I consider myself lucky having gained 5p more, of which HMRC will get 2p 

Kim_13

£26.96 for me, which I suspect can be explained as I have sometimes funded by Halifax DC. As the account says it will mature in one day and the interest has been credited today, wouldn’t instructing closure today result in a deduction of a day’s worth of interest? 

ChewyyBacca

allegro120 said:

pecunianonolet said:

Hattie627 said:

Yorkshire BS £50 Regular Saver

Opened on the first day of issue last year (10/09/24). Interest of £27.06 now credited (0200 hours, 9th September 2025). Account closed at £627.06 and funds moved out (due in current account on 10th).

Although the rate of 8% was impressive, the return is less than exciting after a year's saving. Still, every penny counts.

I had £27.16 credited but can't see a way of moving the entire balance out. It does say product will mature in 1 day in the app. Do I need to wait until tomorrow?

YBS 
No, you don't have to wait.  I closed mine this morning, expecting funds to arrive tomorrow.  

I had £27.11, Don't know why I got 5p less, I've opened the account on 10th and paid in £50 every 1st of the month.

YBS 8% RS: Interest credited, though the account still shows 8% interest. Wouldnt it be prudent to leave approx £677 at 8% for another day, until YBS converts it to Easy Access Saver Reward @ 4.05%V (as per email)?

Or since the interest is already credited, the rate isnt 8% as account has matured, and online banking isnt updated yet to reflect the new name of the product and the new rate?