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

Bridlington1

Updates to the Archived Thread:

Since the Archived thread was launched just over 2 years ago I have been continually adding new regular saver Ts&Cs to it as and when they've been launched. This list has grown considerably since its launch, having more than doubled from under 200 at the time of launch to approximately 400 at the time of typing this.

The volume of data presents a few difficulties, firstly the fact that as the number of accounts grows it inevitably becomes harder to find the one you want in amongst it all. Secondly there is a limit to the number of characters I can have in a single post, this has meant that I've had to split the list over an increasing number of posts and if things continued as they were I would be in danger of running out of room on page 1 of the archived thread within the next year or two.

To counteract this I have reviewed each of the regular savers listed on the Archived thread and divided them into two groups:
1. Holdable regular savers- this includes all currently available regular savers, and all NLA regular savers in which the maturity dates of the final account to be opened is still in the future.
2. Entirely NLA regular savers- Accounts which went NLA rather a long time ago and all accounts should've now matured

Only holdable regular savers are to be listed on page 1 of the archived thread. The Entirely NLA regular savers have now been migrated to a new spreadsheet, the Regular Saver Archives spreadsheet, available via the view only link in this paragraph.

Every so often I plan to review the regular savers on the main list and move any new entirely NLA regular savers to the spreadsheet.

Born2Save_3

londoner62 said:

Born2Save_3 said:

YBS First Home eSaver 4.7%A, £500 a month, 2 years

Does anyone know if YBS do any checks on being a first home buyer ?  Or any other non-compliance ?

In the product details there is the following sentence :

'If you're not saving for your first home, we can transfer your money to an online easy access savings account.'

which I take to be a possible severe consequence should anyone not comply. 

They did not appear to do so for me.

Thank you for your reply.

I'll look into this one now. Hopefully, if challenged, it will be early in the term and I could use arguments like 'saving for my first home in Wales' or '...independent of my wife'. The rate offered is nothing special and right at my lower limit.

clairec666

The brief initial discussion about the Edge saver wasn't too much of a problem, it was the bickering that followed. Anyway, draw a line under it and get back on topic.

Just made a first deposit into the Manchester regular saver, and got a text about an hour later saying they'd received my deposit. Nice touch - saves me from obsessively checking my account so often. So thumbs up for Manchester.

I haven't seen mention of the Scottish Building Society regular saver being made available online yet. To me the hassle of a postal application wasn't worth it, but if I can apply online it'll be worth having. Not having had experience with Scottish before (hadn't even heard of them to be honest) I've no clue as to how long this account will be available for. As with other smaller providers, they might only offer it for a short time then close it when they've got enough funds, and as it's ranked pretty highly on moneyfactscompare they might get more applications than expected.

Anyway, I'm in no rush to open it, as I'd have to siphon off some funds from elsewhere, but once it's available I suspect it might be a case of "grab it before it disappears".

Slinky

OK, since we're back on topic again, I did ask about a gazillion pages back but never got any response. 

Furness BS credit standing orders made on the 1st to my account on the 2nd. Has anyone tried paying on the last day of the month to be credited on 1st of following month, which would, for the first month, technically be 2 payments in the same month?  Did it work?

Confused_Dog

Slinky said:

OK, since we're back on topic again, I did ask about a gazillion pages back but never got any response. 

Furness BS credit standing orders made on the 1st to my account on the 2nd. Has anyone tried paying on the last day of the month to be credited on 1st of following month, which would, for the first month, technically be 2 payments in the same month?  Did it work?

The Furness website states for bank transfers....

"The payment will normally reach the account no later than the end of the following working day (Monday – Friday excluding Bank Holidays)."

So its unlikely a payment made in from a members current account on the 31st October 2025 (a Friday) would show up on the account until Monday 3rd November 2025, the next working day.  The question and it is probably worth a call or e-mail to Furness BS to ask if they would get their sonic screwdriver out and start interest from the day it came out of your account, which you'd think would be on the statements from their bank.   Some of the building societies will do that.

Chaykin

Slinky said:

Furness BS credit standing orders made on the 1st to my account on the 2nd. Has anyone tried paying on the last day of the month to be credited on 1st of following month, which would, for the first month, technically be 2 payments in the same month?  Did it work?

I have this RS too and would like to know. I'm up for experimenting with this and I am going to do the £500.00 transfer first thing on Fri 31st of Oct 2025 and report back.

surreysaver

That's the Newcastle Monument Regular Saver successfully opened!
Shame the new Greggs pub is closed for a private event today  :'(

Bridlington1

Anyone else unable to make deposits into Manchester BS's regular savers?

I was able to make my initial deposit last month but this month's has bounced.

They've since said a letter sent to my address was returned and that they shan't accept deposits into the account until they've verified a copy of my passport and proof of address, which I sent over a week ago and have heard nothing back since then.

surreysaver

Bridlington1 said:

Anyone else unable to make deposits into Manchester BS's regular savers?

I was able to make my initial deposit last month but this month's has bounced.

They've since said a letter sent to my address was returned and that they shan't accept deposits into the account until they've verified a copy of my passport and proof of address, which I sent over a week ago and have heard nothing back since then.

I made this month's deposit on the 3rd and it hasn't bounced. I'll go online later and check it arrived okay 

EDIT Just checked; it arrived okay 

Hattie627

Bridlington1 said:

Anyone else unable to make deposits into Manchester BS's regular savers?

I was able to make my initial deposit last month but this month's has bounced.

They've since said a letter sent to my address was returned and that they shan't accept deposits into the account until they've verified a copy of my passport and proof of address, which I sent over a week ago and have heard nothing back since then.

Made my second deposit on 1st October by SO and hasn't bounced. Balance now £1K