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

Stargunner

Bobblehat said:

mon3ysav3r said:

trickydicky14 said:

MANCHESTER REGULAR SAVER.

Just logged in for the first time and I see you have to enter a ‘Authentication code’ to use your linked bank account and it says, this will come in a letter.

Can I still fund the regular saver from my ‘linked account’ before this code arrives and is used?

I’m thinking the code is more about making withdrawals and not deposits.

Thanks for any help.

Yes, I have just this morning funded my Manchester BS RS from my linked account before the code has arrived in the post, and received a txt message and email to confirm the deposit was received.

Their FAQ says that the account number to use in the reference is 13 digits long, but mine is only 7 (story of my life!) and seemed to work.

Beneficiary: Your first and last name

Sort code: 23 02 95

Bank account number: 00000001

Reference: Your Manchester Building Society account number. Your account number is a 13-digit account number

MANCHESTER REGULAR SAVER

Also spotted this in the welcome pack ..... implying that just the 7 numeric code is needed for the Reference (my substitution of red "n"s for obvious reasons!)



Can anyone confirm that this worked successfully?

It worked fine for me with a COP match  It showed ip as Manchester BS and not Newcastle

Hattie627

clairec666 said:

(I should probably stop over-thinking this and just leaving the account open - I don't know why superfluous empty accounts annoy me so much!)

I'm the same. I hate having superfluous empty accounts lying around. I feel it's untidy and I like my finances to be as neat and tidy as possible. I have to resist the temptation to close accounts as soon as they are superfluous. In the past, the tendency to close unused accounts too quickly has caused me to miss out on loyalty opportunities. Once I decide to stop playing the RS game, I will have to do a deep clean of everything. 

ChewyyBacca

Like many others, I had been waiting for this week- 22 Sep to 28 Sep, with so much anticipation. I had marked my calendar in three different places, so as not to forget. I thought I wont have enough or any money, when many fantastic new Regular Savers will be launched. So I sat and spent an hour doing cash flow analysis for the next two months, which RSs to withdraw money from, fishing out the product information and terms and condition documents.

So far, its been lack lustre. Just 1 modest new offering - Manchester BS @5.5%. The week is getting away & its already Wednesday. A fading hope that Friday might bring some awesome new offer like the jaw dropping 10% Exclusive RS we had with Virgin Money last year or 7% fixed from the ever so conservative 5 percenter HSBC!

Though it will leave just two working days in the month for an account to open and fund. If there are hiccups, it will push us well into next month.
Well, lets hope?

subjecttocontract

I fear yours is a forlorn hope.
Expend your effort (& money) on what's already on offer.

KneadtheDough

PowerSavingMode said:

ForumUser7 said:

YBS

Anyone's £50 RS restrictions cleared please yet? 

YBS £50 RS

Nope. Opened Saturday, passed the 'Mitek' verification straightaway and still waiting... I've been with YBS for a number of years and have quite a few savings accounts already, FWIW.

YBS £50 RS

And still stuck at the starting gates for this one. I did send YBS a message about not being able to deposit due to 'restrictions', to which YBS responded: 

"I have had a look into your account and it shows the account is going through some further checks.Under regulations for the prevention and detection of financial crime, we have a responsibility to verify the identity of each applicant before opening a new account, even existing customers." (!)

Bridlington1

Beverley BS Regular Saver Issue 1 has been launched at 5.5% (variable)

Rate includes a bonus of 4.5% pf you deposit between £10 and £150/mth and make no withdrawals in the calendar year. Account must remain open on 31st December in order to receive the bonus.

£150/mth max

Unlimited withdrawals however withdrawals result in the bonus being lost for that year.

Online only

No maturity date specified.

Interest paid 31st December each year.

HHUK

Bridlington1 said:

Beverley BS Regular Saver Issue 1 5.5% (variable)

Thought for a moment that said 15.5% !   

dealyboy

HHUK said:

Bridlington1 said:

Beverley BS Regular Saver Issue 1 5.5% (variable)

Thought for a moment that said 15.5% !   

... we're clutching at typos 

Bridlington1

Chorley BS Home Saver has been launched at 4.25% (var)

Account lasts 5 years
2 withdrawals/yr
£500/mth max
No stated penalty for missing payments
Available to all over 18
£30k max balance over the account term

If you choose to take out a Chorley Building Society residential mortgage or remortgage, you may be eligible for a £500 cashback on successful completion of the mortgage. 

Bridlington1

dealyboy said:

HHUK said:

Bridlington1 said:

Beverley BS Regular Saver Issue 1 5.5% (variable)

Thought for a moment that said 15.5% !   

... we're clutching at typos 

Sadly the space is correct, I'll amend my post for clarity though.