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

masonic

surreysaver said:

where_are_we said:

clairec666 said:

s71hj said:

Out of interest, how many people on here utilise 0% credit cards to support their regular saver.... habit like I do. 

Yes, but only recently, as I was brought up with the mindset that credit card = bad.
I can now use them safe in the knowledge that I have the savings to cover paying them off.

I have been slow stoozing with 0% purchases zero fee credit cards for many years. Then when the offer expires I use a 0% zero fee balance transfer to extend further the "free money" time when I am making more than 5% in RS`s. With high interest rates over the last couple of years there has never been a better time to stooze. My stoozing is up to about £20k.
But only do this if you have the capital to pay off the debt completely before any 0% offer runs out and you have the discipline to adhere to all the T&C`s. Consult the credit card forum on stoozing for further information.

There has been a better time to stooze - about 20 years ago, before the financial crisis. Higher rates in ISAs and lower balance transfer fees than there are now

I've managed to avoid paying any BT fees on my ~£11k stooze pot. This does mean slightly more frequent BTs though and a limited choice of providers. I would agree it was better pre-gfc, especially if you factor in cashback on 0% purchase cards.

Kim_13

dcs34 said:

Melton BS
Anyone having issues getting confirmation of payee matches? I've paid one account, but when setting up the payment for the second it thinks I'm paying to a personal HSBC account.

Yep, wanted to add Adcock to a different current account a week or so ago but no match, either with old or adjusted new details. Guessing it's part of a wider issue and that's why they haven't relaunched any Regular Savers yet.

chris_the_bee

Kim_13 said:

dcs34 said:

Melton BS
Anyone having issues getting confirmation of payee matches? I've paid one account, but when setting up the payment for the second it thinks I'm paying to a personal HSBC account.

Yep, wanted to add Adcock to a different current account a week or so ago but no match, either with old or adjusted new details. Guessing it's part of a wider issue and that's why they haven't relaunched any Regular Savers yet.

Melton BS
I found that you have to quote all of your names including middle, then I had a successful COP.

jameseonline

Think I'm sorted for this month, decided to put £1000 into Monmouthshire 7%, £400 into Club Lloyds 6.25%(as I couldn't fund all my Principality) & £250 into Virgin 6.5%, rest of money into topping up my Edge Saver.

Also funded my Saffron Members Month & COOP as usual.

Was hoping to get a Google Pixel 10 Pro XL 1TB on Google Store but they seem to be out of stock due to Black Friday etc😌, I have store credit to use up too, I also want a charging dock they have on the site but they've never even stocked it.

jd84

Principality 

I made a 7th payment into an Issue 3 this morning and it's showing a £1400 balance, so I can confirm that works.
The extra £200 will be kept in the account when it matures to an issue 4 later this month.

Santander 

Someone mentioned paying in more than £200 recently, I have also tested and not had the overpayment returned. Maybe they won't pay interest on the extra.

jameseonline

jd84 said:

Principality 

I made a 7th payment into an Issue 3 this morning and it's showing a £1400 balance, so I can confirm that works.
The extra £200 will be kept in the account when it matures to an issue 4 later this month.

Santander 

Someone mentioned paying in more than £200 recently, I have also tested and not had the overpayment returned. Maybe they won't pay interest on the extra.

It may work initially but I'm sure people have said before they've had it returned before.

As for Santander I'm not sure because I stopped using their Regular Saver several years ago because better accounts came along.

I use their Edge Saver these days though.

FishInGlass

masonic said:

surreysaver said:

where_are_we said:

clairec666 said:

s71hj said:

Out of interest, how many people on here utilise 0% credit cards to support their regular saver.... habit like I do. 

Yes, but only recently, as I was brought up with the mindset that credit card = bad.
I can now use them safe in the knowledge that I have the savings to cover paying them off.

I have been slow stoozing with 0% purchases zero fee credit cards for many years. Then when the offer expires I use a 0% zero fee balance transfer to extend further the "free money" time when I am making more than 5% in RS`s. With high interest rates over the last couple of years there has never been a better time to stooze. My stoozing is up to about £20k.
But only do this if you have the capital to pay off the debt completely before any 0% offer runs out and you have the discipline to adhere to all the T&C`s. Consult the credit card forum on stoozing for further information.

There has been a better time to stooze - about 20 years ago, before the financial crisis. Higher rates in ISAs and lower balance transfer fees than there are now

I've managed to avoid paying any BT fees on my ~£11k stooze pot. This does mean slightly more frequent BTs though and a limited choice of providers. I would agree it was better pre-gfc, especially if you factor in cashback on 0% purchase cards.

I have about at £13k stooze pot which is well below my current RS holdings. I also trying to avoid BT fees although I did open one for 0.99% on transfer but with £30 Quidco. If there is no favourable transfer option I will pay off the balance and open a new 0% purchace card instead. As other posters have said you have to be very disciplined with this approach.

StevieR

My Chorley Regular Saver 30/11/25 has matured and £400 of it has rolled over into a new Regular Saver 30/11/26

masonic

jameseonline said:

jd84 said:

Principality 

I made a 7th payment into an Issue 3 this morning and it's showing a £1400 balance, so I can confirm that works.
The extra £200 will be kept in the account when it matures to an issue 4 later this month.

Santander 

Someone mentioned paying in more than £200 recently, I have also tested and not had the overpayment returned. Maybe they won't pay interest on the extra.

It may work initially but I'm sure people have said before they've had it returned before.

So far, I've got away with this. It's one less thing to keep track of (remembering not to fund in the final calendar month), so I'm happy for them to return the overpayment if they want to.

flaneurs_lobster

masonic said:

jameseonline said:

jd84 said:

Principality 

I made a 7th payment into an Issue 3 this morning and it's showing a £1400 balance, so I can confirm that works.
The extra £200 will be kept in the account when it matures to an issue 4 later this month.

Santander 

Someone mentioned paying in more than £200 recently, I have also tested and not had the overpayment returned. Maybe they won't pay interest on the extra.

It may work initially but I'm sure people have said before they've had it returned before.

So far, I've got away with this. It's one less thing to keep track of (remembering not to fund in the final calendar month), so I'm happy for them to return the overpayment if they want to.

It's not so much the risk of an overpayment being returned that stops me making that 7th payment, it's the consequential attention then paid to the other savers....