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

Jazzking

Kim_13 said:

Jazzking said:

Hanley

Further to my last message about the delayed account opening (applied online 21st Oct and made debit card payment) and my keenness to get my November payment in ASAP I did indeed make a BACS payment using my application number at the weekend.

Today, I got my UserId in the post so logged in and was disappointed to see that my initial DC payment was credited on the 5th Nov and my 8th Nov payment was "funds received - not allocated" and today the £300 was marked as "Payment reversed - Funds returned" presumably as I'd unknowingly exceeded the monthly pay-in limit...

Not the end of the world, but frustrating to have missed the end/start of month double payment so thought worth sharing in case others may be in a similar situation when opening an account as a new customer.

Strange, especially if they did not ask you for ID (as a delay in processing it would be the only reason I could see for a card payment not being credited within a few days of it being made at worst.) 

Mine was credited as the day I made it as an existing customer (although possibly not earning interest until the asterix that appears next to it disappears, I'm not sure.)

Yes, it was them asking for ID (and subsequent second email I'd missed asking for the passport and selfie) that caused the delay, however I hadn't expected that this would have pushed the account opening and credit of the first payment into November when they prompted me to do it upon application.  Lesson learned from me, and like I said, not the end of the world, the £300 will just be back in an easy access account until December.

s71hj

My wife's Club Lloyd's monthly saver has matured and she's opened another again at 6.25% for a year. Have immediately added £400. Am I reading in correctly that we can make another 12 payments? Hoping that the maturity of mine will happen later today. Don't know why hers has happened and not mine! 

allegro120

s71hj said:

My wife's Club Lloyd's monthly saver has matured and she's opened another again at 6.25% for a year. Have immediately added £400. Am I reading in correctly that we can make another 12 payments? Hoping that the maturity of mine will happen later today. Don't know why hers has happened and not mine! 

Yes, you can make another 12 payments. 

SH88SH88

Skipton RS

Has the eligibility criteria for the Member RS just changed. ?  I'm reasonably sure that previously you had to be a member from approx Jan 25, but now it seems to be 10/11/25 .

However , the T&C's seem to state that you can only hold one RS ... so presumably I'd need to close the ordinary RS in order to open the Member RS (to gain 0.5% per annum). Has this always been the case, or am I misinterpreting the T&C's ??

Bridlington1

SH88SH88 said:

Skipton RS

Has the eligibility criteria for the Member RS just changed. ?  I'm reasonably sure that previously you had to be a member from approx Jan 25, but now it seems to be 10/11/25 .

However , the T&C's seem to state that you can only hold one RS ... so presumably I'd need to close the ordinary RS in order to open the Member RS (to gain 0.5% per annum). Has this always been the case, or am I misinterpreting the T&C's ??

Well spotted, this is a new issue of their Members RS. Both issues pay the same rate but the key differences in the Ts&Cs are as you mention:

Issue 4 allowed you to open the account if you held one of their other regular savers, issue 5 states you can not hold issue 5 alongside any other Skipton RSs, so yes you would need to close the ordinary 5.5% RS to get hold of this one.

The eligibility cut off date has also been moved on like you say.

They have also launched issue 2 of their ordinary Regular Saver (also at 5.5%) with the updated term that "You can only hold one product from [their] Regular Saver range in your name at any one time."

These shall be updated on p1 of this thread later today.

All I can say is that I was lucky to have refreshed both RSs at the turn of the month to free up funds for other RSs, as it means I now have their 5.5% RS and their Member RS Issue 4 until the end of October 2026.

elkyfer

I opened Skipton RS issue 1 in last August, the system does not allow me to open the member one. I am gonna check to close it and open the member one.

I ordered a Nationwide chequebook, looks like does not have fees, Barclays has.

mhoc

Skipton members saver

Please can I ask - I have a Skipton Regular saver issue 1 opened in July 2025 paying 5.5% - from the above discussion it seems I have to close this one - how do I go about doing this?
And there is no penalty for early closure?

And then I can open the members saver 6% the same day or do I wait until the next day? 

Yes I know its only 0.5% more but this actually suits my purpose as the new Skipton members saver will mature in November 2026.
I have nothing maturing that month to feed the next months December 2026 regular saver standing orders. 
Its on my list to refresh the Halifax and possibly also one of the LLoyds bank reg savers later in November with the same purpose. 

I also have Skipton members bonus issue 2 paying a miserable 4.75% opened in June 2025 but that can sit there until I need it. 

elkyfer

No penalties for closing the Skipton RS, but it looks like, they do not pay the interest of the last month's. Member is 0'5% & 50 pounds extra.

DealSeeker11

elkyfer said:

No penalties for closing the Skipton RS, but it looks like, they do not pay the interest of the last month's. Member is 0'5% & 50 pounds extra.

According to their terms interest is calculated daily so you shouldn’t miss the last month’s due to closing?

elkyfer

4.4 If you instruct us to close the account before your interest is due, all the money in the account, together with interest earned, 

will be paid to you when the account is closed.

It looks like they are gonna pay the interest.