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

happybagger

Chaykin said:

Also - Manchester BS - new Festive Regular Saver - 6.5%, £150/month, 12 month term. It says "Apply online or in branch" in one place but later on it says "Opening your account: In branch." so looks like opening in branch only. Tried some link manipulation but to no avail.

As Manchester is a trading name of Newcastle BS, I checked there, and they also have the same 6.5% Festive RS available, again branch only opening

Neither MBS or NBS account is available from their online portal as an existing customer under "Apply Online"

rallycurve

Principality BS

Regarding the renewal of a matured RS, would it be better to renew to an additional 6 month regular saver at 7.50% (£200 pm) or go with an additional Christmas regular saver at 6.50% (£150pm) but lasting for a full year? 

I am assuming it'll be possible to have multiple Christmas RS too via maturity instructions

Kim_13

rallycurve said:

Principality BS

Regarding the renewal of a matured RS, would it be better to renew to an additional 6 month regular saver at 7.50% (£200 pm) or go with an additional Christmas regular saver at 6.50% (£150pm) but lasting for a full year? 

I am assuming it'll be possible to have multiple Christmas RS too via maturity instructions

Personally, I'd take the 6m - but this may be my disappointment that they increased the contribution and cut the rate, rather than leaving it unchanged.

Extra contribution is £600, for circa £15 more interest than 2 x 6m savers (but that relies on being able to get another 6m in June and circle the £1,200 again.) 

Then again I'm not completely filling the savers I've got, so the appeal of the 1 year/£1,800 would be higher if I were.

thefrank

MHBS
On line the options (see above) for the maturity instructions for the Regular Saver ending 30/11: there is a message in on line banking. No appealing RS on offer so a full closure could be the most reasonable decision (at least for me). Easy process to set up what is needed: took me just a couple of minutes. Money will be transferred by the end of the 1st of December.
Instructions must be provided by 5pm Friday 28 November

mhoc

rallycurve said:

Principality BS

Regarding the renewal of a matured RS, would it be better to renew to an additional 6 month regular saver at 7.50% (£200 pm) or go with an additional Christmas regular saver at 6.50% (£150pm) but lasting for a full year? 

I am assuming it'll be possible to have multiple Christmas RS too via maturity instructions

I have one maturing Principality on the 17th November that I've opted to turn into an additional Christmas saver - mainly so that I have a regular saver maturing in November 2026 - there is a gap in November 2026 where nothing was maturing so I've been tackling this issue from various angles this month. 

But having looked at my other Principality savers list there are several more with December 5th 2025 onwards maturing days so in another week these will need maturity instructions and I will need to work out which ones I need to mature June 2026 and which ones December 2026 ...

jaypers

happybagger said:

Chaykin said:

Also - Manchester BS - new Festive Regular Saver - 6.5%, £150/month, 12 month term. It says "Apply online or in branch" in one place but later on it says "Opening your account: In branch." so looks like opening in branch only. Tried some link manipulation but to no avail.

As Manchester is a trading name of Newcastle BS, I checked there, and they also have the same 6.5% Festive RS available, again branch only opening

Neither MBS or NBS account is available from their online portal as an existing customer under "Apply Online"

If I open one of these in branch, can I then manage online? Looking at Manchester’s website, it seems that you can’t. 

Kim_13

MHBS Options, nothing exclusive about those.

As I suspected, the funds won’t land until 1 December: 

Important dates:

• Your Fixed Term Regular Saver Account Matures on 30th November 2025

• You need to provide your instructions by 5.00pm Friday 28 November 2025

• The instruction you provide for your account will be completed and any funds released

by 5.00pm the latest on 1 December 2025

A leaflet was attached for an otherwise unmentioned Save and Support Easy Access paying 1%, which I assume is the default for anyone who doesn’t submit instructions.

clairec666

francoghezzi said:

rallycurve said:

Principality BS

Regarding the renewal of a matured RS, would it be better to renew to an additional 6 month regular saver at 7.50% (£200 pm) or go with an additional Christmas regular saver at 6.50% (£150pm) but lasting for a full year? 

I am assuming it'll be possible to have multiple Christmas RS too via maturity instructions

The 12 months RS with no doubts (unless you believe in fairy tales like those who recently told me in this forum that in 6 months time the second 6m RS you'll be able to open for the rest of the year we are talking about could have a better interest rate than 7.5%) 

Let's not get into that argument again. 6.5% could be the better option, depending on circumstances. A lot depends on whether you've got spare capacity in other accounts for when the 6 month account matures.

Cweb

MHBS

Save & Support appears to be the default instant access saver which despite literature can be opened and operated online. I've opened this for society membership continuity since is a £1 account then is option D to pay the maturity funds all away as nothing competitive for me.

flaneurs_lobster

Cweb said:

MHBS

Save & Support appears to be the default instant access saver which despite literature can be opened and operated online. I've opened this for society membership continuity since is a £1 account then is option D to pay the maturity funds all away as nothing competitive for me.

That's a useful jog, I've had £100 in their Cash ISA earning next-to-sodall for 2 years, was a prerequisite to opening Regular Savers. I'll open one of these Save & Support jobs w/ a quid at maturity and shut the ISA down.