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

allegro120

surreysaver said:

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.

And YBS are reducing the rates on variable rate accounts in a couple of weeks - I wonder if that includes this one?

No, 2nd October reduction was published a while ago, so presumably it will stay 6% until the next round.

WillPS

E_zroda said:

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?

1. I'm expecting the rate on this account to still be above 6% based on current base rate predictions
2. If it falls below that then the money will likely get redistributed elsewhere
3. If the YBS £50 is still available and makes sense (bearing in mind it's also variable!), I'll take one then. If not, and I end up saving those £50s at a rate lower than 6%, I will be able to live with that.

Dizzycap

subjecttocontract said:

jameseonline said:

Also while on subject of YBS they sent me a text message saying their branches are open on Saturday 27th September to help me during sUK Savings Week, that's nice but can't get to a branch🤣

YBS would have to do a lot better than their latest offer if they expect me to put my money with them during savings week.

It depends what gets offered during savings week - The YBS is a great little RS if you want to compound monthly interest using RS ,which I'm doing. It also allows 3 withdrawls, so if the rate drops or a better offer comes along - gone! 

You never know, Monmouthshire may have pulled the RS Issues 1's & exclusives ready to release Issue 2 during savings weeks - They'll be MSE mayhem, if they do! 

Stargunner

Dizzycap said:

subjecttocontract said:

jameseonline said:

Also while on subject of YBS they sent me a text message saying their branches are open on Saturday 27th September to help me during sUK Savings Week, that's nice but can't get to a branch🤣

YBS would have to do a lot better than their latest offer if they expect me to put my money with them during savings week.

It depends what gets offered during savings week - The YBS is a great little RS if you want to compound monthly interest using RS ,which I'm doing. It also allows 3 withdrawls, so if the rate drops or a better offer comes along - gone! 

You never know, Monmouthshire may have pulled the RS Issues 1's & exclusives ready to release Issue 2 during savings weeks - They'll be MSE mayhem, if they do! 

There won't be much compounding going on when you can only pay in a maximum of £50 per month.

drphila

Principality Issue 3 Maturity Today

Selected Option2 and opened new Issue 4 Monday lunchtime.

Computer says yes

Customer Services says.....er nothing

So now proud owner of 2nd Issue 4

And no, I wasn't wearing anything green

Hattie627

drphila said:

Principality Issue 3 Maturity Today

Selected Option2 and opened new Issue 4 Monday lunchtime.

Computer says yes

Customer Services says.....er nothing

So now proud owner of 2nd Issue 4

And no, I wasn't wearing anything green

Great. Does your surname have an R in it?

Slinky

drphila said:

Principality Issue 3 Maturity Today

Selected Option2 and opened new Issue 4 Monday lunchtime.

Computer says yes

Customer Services says.....er nothing

So now proud owner of 2nd Issue 4

And no, I wasn't wearing anything green

As far as I can see, I'm the same. Mine's due to mature on 30th. Picked the same options as you last night and I've had confirmation on screen saying I'll have a new Issue 4 on 30th, so I think I've got 2 issue 4s in addition to another Issue 3 maturing in January. Nothing showing in Messages

I've also got 2 Monmouth Exclusive RS1s due to the glitches when the accounts were first being set up.

DodgerPot

Bridlington1 said:

DodgerPot said:

subjecttocontract said:

Monmouth.....Mine is in the post to them. Application form posted on 15/9. I guess I might be too late then.

Me too ….. posted same date …. Think I’ve missed out on that one

Not necessarily. In my experience with postal applications you'll typically get a day or so leeway to take into account postal delays etc so if sent before the account went NLA you should be fine.

Building societies often accept the application even if it was sent a day or so after the account went NLA if everything was dated to before the account went NLA.

Thank you Bridlington1 
You were indeed correct 
My Monmouthshire Branch Exclusive Regular Saver has been accepted  and opened by post when I thought I’d missed out after the account became NLA.

Happy I just managed to grab that account 😃

drphila

Hattie627 said:

drphila said:

Principality Issue 3 Maturity Today

Selected Option2 and opened new Issue 4 Monday lunchtime.

Computer says yes

Customer Services says.....er nothing

So now proud owner of 2nd Issue 4

And no, I wasn't wearing anything green

Great. Does your surname have an R in it?

Nope......

Bob2000

PRINCIPALITY BUILDING SOCIETY 
6 MONTH ISSUE 3/4.

Just gave my maturing instruction online and asked to open a 2nd Issue 4 from my original  issue 3, if allowed, and the rest of the funds to nominated account. Will see on the 29th what happens.

If all goes OK  will have two issue 3's and two 4's.