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

figgyc

Just got an email that the Progressive Building Society Online Regular Rainy Day Saver (currently not available for new customers) is lowering from 7% to 6.75% as of Feb 3rd:

Hello [name],

Re: Change in interest rate on your account

This email is to advise that the Society has reviewed the interest rate payable on your Online Regular Rainy Day Saver. The interest rate will reduce from 7.00% Gross*/AER** (variable) to 6.75% Gross*/AER** (variable) and the change will be effective from Monday 3rd February 2025.

On maturity, your Online Regular Rainy Day Saver will roll into a variable rate online instant access account, at the interest rate available at that time.

If you have any questions, please login and Submit an Enquiry through our online portal or contact our Support Team on 0800 0294 997. Line opening times can be found at theprogressive.com/opening-hours.

surreysaver

figgyc said:

Just got an email that the Progressive Building Society Online Regular Rainy Day Saver (currently not available for new customers) is lowering from 7% to 6.75% as of Feb 3rd:

Hello [name],

Re: Change in interest rate on your account

This email is to advise that the Society has reviewed the interest rate payable on your Online Regular Rainy Day Saver. The interest rate will reduce from 7.00% Gross*/AER** (variable) to 6.75% Gross*/AER** (variable) and the change will be effective from Monday 3rd February 2025.

On maturity, your Online Regular Rainy Day Saver will roll into a variable rate online instant access account, at the interest rate available at that time.

If you have any questions, please login and Submit an Enquiry through our online portal or contact our Support Team on 0800 0294 997. Line opening times can be found at theprogressive.com/opening-hours.

I came here at 13.53 to post the same thing 

fergie_

wmb194 said:

granta said:

ToastLady said:

PowerSavingMode said:

ToastLady said:

Slinky said:

Bigwheels1111 said:

GetRichOrDieSaving said:

silvercar said:

Coventry loyalty seasonal saver, 6%, max £250 per month, 12 month term, 30 days loss of interest on amount withdrawn before 31/10/25 , then free access. 

Seems I can now pick this one up, presumably because I’ve been a member now long enough to meet the criteria. 

If I opened and funded on 31st Jan could I then fund again on 1st Feb? Anyone know? 

Coventry and First Direct are the only 2 that don’t allow this.
The day it’s opened is the day you make the next payment.
Opened on the 18th of January, next payment on the 18th of February.

Zopa RS doesn't either.

Regarding Zopa, it is worth signing up for the waiting list. I was only on it for about a month-6 weeks before getting the invite for the CA

Don't know when you applied for Zopa current account, but was 15 days for me in November from added to waitlist to being offered current account. 

Zopa current account / RS

I've been on the waitlist for at least a few months and nada so far...

Have you checked your app? Invitation doesn't come via email.

So if I download the app, do I have to take out a product first? I haven't downloaded it as I'm not a customer currently. But happy to take out a current account if they offer it to me.

Zopa current account/RS

I opened a savings account, deposited a pound and then one or two weeks later an invite to open the current account appeared in the app. I had to keep checking the app, though. I didn't receive an email or an app alert.

I opened my savings account and flexible cash ISA (which is quite competitive for small sums) on 1st of January and signed up for current account notifications a week or so ago. The invite was in the app today, so took a few minutes (photos and ID required) to open the CA and then seconds to open the RA it then allows.

ForumUser7

figgyc said:

Just got an email that the Progressive Building Society Online Regular Rainy Day Saver (currently not available for new customers) is lowering from 7% to 6.75% as of Feb 3rd:

Hello [name],

Re: Change in interest rate on your account

This email is to advise that the Society has reviewed the interest rate payable on your Online Regular Rainy Day Saver. The interest rate will reduce from 7.00% Gross*/AER** (variable) to 6.75% Gross*/AER** (variable) and the change will be effective from Monday 3rd February 2025.

On maturity, your Online Regular Rainy Day Saver will roll into a variable rate online instant access account, at the interest rate available at that time.

If you have any questions, please login and Submit an Enquiry through our online portal or contact our Support Team on 0800 0294 997. Line opening times can be found at theprogressive.com/opening-hours.

Ah that’s a relief - thought I’d read 6.25% on the email lol

Dizzycap

fergie_ said:

wmb194 said:

granta said:

ToastLady said:

PowerSavingMode said:

ToastLady said:

Slinky said:

Bigwheels1111 said:

GetRichOrDieSaving said:

silvercar said:

Coventry loyalty seasonal saver, 6%, max £250 per month, 12 month term, 30 days loss of interest on amount withdrawn before 31/10/25 , then free access. 

Seems I can now pick this one up, presumably because I’ve been a member now long enough to meet the criteria. 

If I opened and funded on 31st Jan could I then fund again on 1st Feb? Anyone know? 

Coventry and First Direct are the only 2 that don’t allow this.
The day it’s opened is the day you make the next payment.
Opened on the 18th of January, next payment on the 18th of February.

Zopa RS doesn't either.

Regarding Zopa, it is worth signing up for the waiting list. I was only on it for about a month-6 weeks before getting the invite for the CA

Don't know when you applied for Zopa current account, but was 15 days for me in November from added to waitlist to being offered current account. 

Zopa current account / RS

I've been on the waitlist for at least a few months and nada so far...

Have you checked your app? Invitation doesn't come via email.

So if I download the app, do I have to take out a product first? I haven't downloaded it as I'm not a customer currently. But happy to take out a current account if they offer it to me.

Zopa current account/RS

I opened a savings account, deposited a pound and then one or two weeks later an invite to open the current account appeared in the app. I had to keep checking the app, though. I didn't receive an email or an app alert.

I opened my savings account and flexible cash ISA (which is quite competitive for small sums) on 1st of January and signed up for current account notifications a week or so ago. The invite was in the app today, so took a few minutes (photos and ID required) to open the CA and then seconds to open the RA it then allows.

WOW that was good going! I had to wait weeks, so good for you

s71hj

fergie_ said:

wmb194 said:

granta said:

ToastLady said:

PowerSavingMode said:

ToastLady said:

Slinky said:

Bigwheels1111 said:

GetRichOrDieSaving said:

silvercar said:

Coventry loyalty seasonal saver, 6%, max £250 per month, 12 month term, 30 days loss of interest on amount withdrawn before 31/10/25 , then free access. 

Seems I can now pick this one up, presumably because I’ve been a member now long enough to meet the criteria. 

If I opened and funded on 31st Jan could I then fund again on 1st Feb? Anyone know? 

Coventry and First Direct are the only 2 that don’t allow this.
The day it’s opened is the day you make the next payment.
Opened on the 18th of January, next payment on the 18th of February.

Zopa RS doesn't either.

Regarding Zopa, it is worth signing up for the waiting list. I was only on it for about a month-6 weeks before getting the invite for the CA

Don't know when you applied for Zopa current account, but was 15 days for me in November from added to waitlist to being offered current account. 

Zopa current account / RS

I've been on the waitlist for at least a few months and nada so far...

Have you checked your app? Invitation doesn't come via email.

So if I download the app, do I have to take out a product first? I haven't downloaded it as I'm not a customer currently. But happy to take out a current account if they offer it to me.

Zopa current account/RS

I opened a savings account, deposited a pound and then one or two weeks later an invite to open the current account appeared in the app. I had to keep checking the app, though. I didn't receive an email or an app alert.

I opened my savings account and flexible cash ISA (which is quite competitive for small sums) on 1st of January and signed up for current account notifications a week or so ago. The invite was in the app today, so took a few minutes (photos and ID required) to open the CA and then seconds to open the RA it then allows.

Yep. My wife had no email but just logged in to the app and there was an icon bottom right corner of the front page with the opportunity to apply.

spreadsheeterapple

Skipton Member Regular Saver issue 3 at 7% fixed NLA

new issue 4 up now, different interest rate terms, this one is variable and tied to base rate, check below.

Member Regular Saver Issue 4	No withdrawals, early closure allowed. Exclusively for Skipton members who joined on or before 20/01/25.	Save from £1. If you save the   maximum of £250 a month for the   12 month term, your savings   including interest could total   £3,109	6.75%gross pa/AER   variable for 12 months.   Tracks 2.00% above Bank of England base rate for 12   months

• You can only hold one Member Regular Saver in your name at any one time (either a Member Regular Saver or a Branch Member Regular Saver)
• Joint accounts aren’t allowed

SonOfPearl

spreadsheeterapple said:

Skipton Member Regular Saver issue 3 at 7% fixed NLA

new issue 4 up now, different interest rate terms, this one is variable and tied to base rate, check below.

Member Regular Saver Issue 4	No withdrawals, early closure allowed. Exclusively for Skipton members who joined on or before 20/01/25.	£1. If you save the maximum of £250 a month for the 12 month term, your savings including interest could total £3,109	6.75%gross pa/AER variable for 12 months. Tracks 2.00% above Bank of England base rate for 12 months

Also...

                                

chris_the_bee

Skipton Member Regular Saver issue 3

• Joint accounts aren’t allowed.
• You can only hold one Member Regular Saver in your name at any one time (either a Member Regular Saver or a Branch Member Regular Saver).

Shame.

subjecttocontract

I see Skipton changed the eligibility criteria for their loyalty reg saver iss 4 to ......on or before 20.01.25. Some of us that didn't qualify for iss 3 will now be able to apply for iss 4.