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

Stargunner

Bridlington1 said:

easysaver said:

Moneyfacts showing Yorkshire BS £50 Regular Saver @ 8%. Not currently showing on YBS.co.uk

Previously indicated by @Bridlington1 although iirc the rate was unknown at the time.

YBS £50 RS now showing as 6% on moneyfacts after disappearing this afternoon.

£50/mth max
3 withdrawal days per year
Can skip months if you wish
£600 max balance
Interest rate variable if my sources were correct.

I will be giving this one a miss. Due to the low monthly limit of £50  it would only earn me around £4 more than just leaving the money in my easy access savings accounts 

Kim_13

Stargunner said:

Bridlington1 said:

easysaver said:

Moneyfacts showing Yorkshire BS £50 Regular Saver @ 8%. Not currently showing on YBS.co.uk

Previously indicated by @Bridlington1 although iirc the rate was unknown at the time.

YBS £50 RS now showing as 6% on moneyfacts after disappearing this afternoon.

£50/mth max
3 withdrawal days per year
Can skip months if you wish
£600 max balance
Interest rate variable if my sources were correct.

I will be giving this one a miss. Due to the low monthly limit of £50  it would only earn me around £4 more than just leaving the money in my easy access savings accounts 

Me too. I have Dudley, Monmouthshire and Darlington all opened recently, and Melton Issue 6 running for another year, so £1,450 of capacity at 6% variable (in addition to any of my soon to be maturing fixes that can be replaced.) At £50 per month you’d expect them to beat that rate.

ThePirates

Bridlington1 said:

easysaver said:

Moneyfacts showing Yorkshire BS £50 Regular Saver @ 8%. Not currently showing on YBS.co.uk

Previously indicated by @Bridlington1 although iirc the rate was unknown at the time.

YBS £50 RS now showing as 6% on moneyfacts after disappearing this afternoon.

£50/mth max
3 withdrawal days per year
Can skip months if you wish
£600 max balance
Interest rate variable if my sources were correct.

Disappointing... 6% is below my current minimum threshold, Monmouthshire have really shaken things up!

trickydicky14

ThePirates said:

Bridlington1 said:

easysaver said:

Moneyfacts showing Yorkshire BS £50 Regular Saver @ 8%. Not currently showing on YBS.co.uk

Previously indicated by @Bridlington1 although iirc the rate was unknown at the time.

YBS £50 RS now showing as 6% on moneyfacts after disappearing this afternoon.

£50/mth max
3 withdrawal days per year
Can skip months if you wish
£600 max balance
Interest rate variable if my sources were correct.

Dissipating... 6% is below my current minimum threshold, Monmouthshire have really shaken things up!

This account is showing on the YBS website now, not that I'm rushing out to claim it. It's a bit of a joke when you put it up against the likes of Monmouth and to be fair a lot of other accounts available. 

jaypers

ThePirates said:

Bridlington1 said:

easysaver said:

Moneyfacts showing Yorkshire BS £50 Regular Saver @ 8%. Not currently showing on YBS.co.uk

Previously indicated by @Bridlington1 although iirc the rate was unknown at the time.

YBS £50 RS now showing as 6% on moneyfacts after disappearing this afternoon.

£50/mth max
3 withdrawal days per year
Can skip months if you wish
£600 max balance
Interest rate variable if my sources were correct.

Dissipating... 6% is below my current minimum threshold, Monmouthshire have really shaken things up!

For 8% I would have grabbed it. For 6% and max £50 I really can’t be bothered. 

Kim_13

trickydicky14 said:

ThePirates said:

Bridlington1 said:

easysaver said:

Moneyfacts showing Yorkshire BS £50 Regular Saver @ 8%. Not currently showing on YBS.co.uk

Previously indicated by @Bridlington1 although iirc the rate was unknown at the time.

YBS £50 RS now showing as 6% on moneyfacts after disappearing this afternoon.

£50/mth max
3 withdrawal days per year
Can skip months if you wish
£600 max balance
Interest rate variable if my sources were correct.

Dissipating... 6% is below my current minimum threshold, Monmouthshire have really shaken things up!

This account is showing on the YBS website now, not that I'm rushing out to claim it. It's a bit of a joke when you put it up against the likes of Monmouth and to be fair a lot of other accounts available. 

Especially when it was listed at 8% yesterday. I’d have taken 6% fixed or 7% variable, but 6% variable isn’t worth the hassle.

WillPS

Probably won't bother with an application even for YBS - 6% accounts are already being lined up to be culled in the next couple of months to keep MonBS topped up at 7%. Even if it became competitive through other reductions midterm the potential gain would be tiny.

It'll make sense for someone, but not for me.

E_zroda

WillPS said:

Probably won't bother with an application even for YBS - 6% accounts are already being lined up to be culled in the next couple of months to keep MonBS topped up at 7%. Even if it became competitive through other reductions midterm the potential gain would be tiny.

It'll make sense for someone, but not for me.

What would be the plan for the 000s in MonBS when their rate starts dropping down after the initial inflow from MSEs money?

subjecttocontract

Not worth the effort for £19 gross interest, £15 for a basic rate taxpayer or £11 for a higher rate payer. I can make more than that doing other stuff. But the account is really designed to get people to start saving who wouldn't normally save. YBS must certainly know that they aren't going to raise much with such a poor offering.

Hal17

Hal17 said:

castle96 said:

print it off from the links and send to them with a cheque. Worked for me/others. - maybe too late now but worth a go

Thanks, just put two applications in the post box. Fingers crossed. 

Well that worked really well. Two Monmouthshire Branch accounts opened yesterday, glad I sent them first class post. I did not enclose a cheque, but added funds yesterday. Thanks to those for the heads up.