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

flaneurs_lobster

Section62 said:

Finding Saffron's latest offering poor doesn't equate to not supporting Saffron in their efforts to expand their branch network.  We can say 'good on Saffron' for investing in this community, whilst being unimpressed with their marketing suggesting this product is 'special' and somehow doing members a favour.

Would it not be more supportive of its local community to offer 6-7% as a branch-only product? Perhaps limiting it further by insisting on a CM6 postcode? 

There's a branch of the Nationwide 300m from the Saffron BS branch, their RS pays 6.5%.

WillPS

s71hj said:

Well.. A massive vote of thanks is in order to the collective knowledge of this forum that led me to print 2 generic application forms and post them to the Stone branch for the Hanley branch regular saver. Accounts now show in both mine and my wife's Hanley apps. 

Result! Glad they haven't slammed the doors shut.

Bobblehat

flaneurs_lobster said:

Section62 said:

Finding Saffron's latest offering poor doesn't equate to not supporting Saffron in their efforts to expand their branch network.  We can say 'good on Saffron' for investing in this community, whilst being unimpressed with their marketing suggesting this product is 'special' and somehow doing members a favour.

Would it not be more supportive of its local community to offer 6-7% as a branch-only product? Perhaps limiting it further by insisting on a CM6 postcode? 

There's a branch of the Nationwide 300m from the Saffron BS branch, their RS pays 6.5%.

I suppose there is a small argument that says that the NWide RS could support 605 local communities .... and maybe more that don't even have a branch?

Bridlington1

surreysaver said:

ForumUser7 said:

7sefton said:

SH88SH88 said:

Good news ... a new RS ! ... bad news, restrictions galore and a lowish rate.

Saffron BS have a new Braintree branch, to celebrate they've launched the Braintree RS. Branch only for opening (specifically the Braintree branch) .. 36 months (unusual), account can be managed by phone/webchat/post/branch ... max £250 per month,  rate 4% . 

How did you find about this launching so quickly, apparently it only opened this morning?

Can’t speak for OP, but Saffron emailed me

Me too ...

The account also appeared on moneyfacts at 12:07 this morning. At 4% the account's rate is too low to make it onto p1 of this thread under the current thresholds, but as ever I shan't rule out including it depending depending on how the savings landscape evolves over the coming weeks/months.

Slinky

alfred64 said:

Regular savers are not known for being the most ethical. They abide by the 'greed is good' philosophy.

That's not very fair. Savers have suffered from many years of miserable interest rates, you can't blame anyone for wanting to make up for some of it now they've improved.  Looking back at spreadsheets, I've had fixed rates of 0.6% and 0.63%.  I made the mistake of locking in for 5 years at 1.5% which has only just paid out.

I've only discovered the better rates for regular savers across this past year, and will happily try and make up for some of the poor rates in the past.

castle96

Ethics... Conscience.... I just want the best rates/return, if I have to bend the rules/T&Cs, I just don't care!

Chaykin

s71hj said:

Well.. A massive vote of thanks is in order to the collective knowledge of this forum that led me to print 2 generic application forms and post them to the Stone branch for the Hanley branch regular saver. Accounts now show in both mine and my wife's Hanley apps. 

Hanley Economic BS

Lucky you! I failed with Biddulph branch but reposted yesterday (with 2nd class stamp) to Stone as well. Fingers crossed!

Out of curiosity - when did you post? 1st or 2nd class?

happybagger

castle96 said:

Ethics... Conscience.... I just want the best rates/return, if I have to bend the rules/T&Cs, I just don't care!

Quite. The product is made available to take up, so what's the issue with doing so?
I haven't come across anyone whinging I buy milk in 12s at Farmfoods yet, maybe they should.

s71hj

Chaykin said:

s71hj said:

Well.. A massive vote of thanks is in order to the collective knowledge of this forum that led me to print 2 generic application forms and post them to the Stone branch for the Hanley branch regular saver. Accounts now show in both mine and my wife's Hanley apps. 

Hanley Economic BS

Lucky you! I failed with Biddulph branch but reposted yesterday (with 2nd class stamp) to Stone as well. Fingers crossed!

Out of curiosity - when did you post? 1st or 2nd class?

Saturday 1st

allegro120

Slinky said:

SH88SH88 said:

Good news ... a new RS ! ... bad news, restrictions galore and a lowish rate.

Saffron BS have a new Braintree branch, to celebrate they've launched the Braintree RS. Branch only for opening (specifically the Braintree branch) .. 36 months (unusual), account can be managed by phone/webchat/post/branch ... max £250 per month,  rate 4% . 

You'd have to be pretty rich to have exhausted all the other better possibilities than this one. Maybe the good folk of Braintree are particularly well heeled.

.. or pretty negligent not to have any EA accounts paying above that rate.