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

dcs34

Bridlington1 said:

Principality BS Interest Rate Reductions 5/2/26:

Principality BS 1 Year Triple Access Regular Saver from 4.95% to 4.75%
First Home Steps Savings Account (Issue 5) from 4.2% to 4%

It may be worth noting whether the interest reduction applies only to new accounts or if rate drops will affect existing customers (appreciate the BS don't always make it clear!)

Bridlington1

dcs34 said:

Bridlington1 said:

Principality BS Interest Rate Reductions 5/2/26:

Principality BS 1 Year Triple Access Regular Saver from 4.95% to 4.75%
First Home Steps Savings Account (Issue 5) from 4.2% to 4%

It may be worth noting whether the interest reduction applies only to new accounts or if rate drops will affect existing customers (appreciate the BS don't always make it clear!)

I wouldn't've thought it necessary to state that explicitly, for all cuts I mention the changes affect anyone who holds the accounts specified.

If a bank or building society decides they want to cut the rate for new customers but not existing customers they'd bring out a new issue at a lower rate and leave the previous issue unchanged. If they decide they want to cut the rate for existing customers but not new customers they'd bring out a new issue at the same rate and cut the previous issue(s). In both cased you'd be speaking of new issues, which would be classed as different accounts and listed separately for the purposes of the lists I maintain.

allegro120

dcs34 said:

Bridlington1 said:

Principality BS Interest Rate Reductions 5/2/26:

Principality BS 1 Year Triple Access Regular Saver from 4.95% to 4.75%
First Home Steps Savings Account (Issue 5) from 4.2% to 4%

It may be worth noting whether the interest reduction applies only to new accounts or if rate drops will affect existing customers (appreciate the BS don't always make it clear!)

These rates are variable and the changes affect everyone holding these accounts.  If the product is still available to new customers the change will apply to them too.  They always make it clear what the rate is, it's a legal requirement for saving products.  If providers want to offer a different rate to new applicants they normally release a different product (different issue of the same or different name). 

flaneurs_lobster

allegro120 said:

dcs34 said:

Bridlington1 said:

Principality BS Interest Rate Reductions 5/2/26:

Principality BS 1 Year Triple Access Regular Saver from 4.95% to 4.75%
First Home Steps Savings Account (Issue 5) from 4.2% to 4%

It may be worth noting whether the interest reduction applies only to new accounts or if rate drops will affect existing customers (appreciate the BS don't always make it clear!)

These rates are variable and the changes affect everyone holding these accounts.  If the product is still available to new customers the change will apply to them too.  They always make it clear what the rate is, it's a legal requirement for saving products.  If providers want to offer a different rate to new applicants they normally release a different product (different issue of the same or different name). 

...unless they are a FinTech which seem to offer differing rates on the same product depending on which day of the week you join, often describing it as a "bonus" rather than an alteration to the underlying rate.

Bridlington1

Leeds BS Regular Saver (Issue 71) at 4.7% set to go NLA. Replaced by Issue 72 at 4.45%.

clairec666

flaneurs_lobster said:

allegro120 said:

dcs34 said:

Bridlington1 said:

Principality BS Interest Rate Reductions 5/2/26:

Principality BS 1 Year Triple Access Regular Saver from 4.95% to 4.75%
First Home Steps Savings Account (Issue 5) from 4.2% to 4%

It may be worth noting whether the interest reduction applies only to new accounts or if rate drops will affect existing customers (appreciate the BS don't always make it clear!)

These rates are variable and the changes affect everyone holding these accounts.  If the product is still available to new customers the change will apply to them too.  They always make it clear what the rate is, it's a legal requirement for saving products.  If providers want to offer a different rate to new applicants they normally release a different product (different issue of the same or different name). 

...unless they are a FinTech which seem to offer differing rates on the same product depending on which day of the week you join, often describing it as a "bonus" rather than an alteration to the underlying rate.

Thankfully they save their rate-meddling for ISAs and leave our precious regular savers alone. The only decent regular saver offered by a fin tech company is Zopa, and their rate has stayed the same for months. Imagine the extra volume of posts on this thread if Plum, Trading 212, etc. released regular savers and we were subjected to their ever-changing "newbie bonuses"!

Bridlington1

clairec666 said:

flaneurs_lobster said:

allegro120 said:

dcs34 said:

Bridlington1 said:

Principality BS Interest Rate Reductions 5/2/26:

Principality BS 1 Year Triple Access Regular Saver from 4.95% to 4.75%
First Home Steps Savings Account (Issue 5) from 4.2% to 4%

It may be worth noting whether the interest reduction applies only to new accounts or if rate drops will affect existing customers (appreciate the BS don't always make it clear!)

These rates are variable and the changes affect everyone holding these accounts.  If the product is still available to new customers the change will apply to them too.  They always make it clear what the rate is, it's a legal requirement for saving products.  If providers want to offer a different rate to new applicants they normally release a different product (different issue of the same or different name). 

...unless they are a FinTech which seem to offer differing rates on the same product depending on which day of the week you join, often describing it as a "bonus" rather than an alteration to the underlying rate.

Thankfully they save their rate-meddling for ISAs and leave our precious regular savers alone. The only decent regular saver offered by a fin tech company is Zopa, and their rate has stayed the same for months. Imagine the extra volume of posts on this thread if Plum, Trading 212, etc. released regular savers and we were subjected to their ever-changing "newbie bonuses"!

I think if they ever did that I'd probably just end up listing the interest changes as the underlying rate only and include the caveat that some may be receiving a bonus rate of interest on top. I'll cross that bridge when/if I come to it.

Though I seem to recall someone mentioning Chase could launch a RS at some stage and they are one of the ones who do this with EA accounts. That being said their round ups pot has remained unchanged at 5% for rather a long time (2021 IIRC) and the terms of the round ups account isn't that far off being a RS since all they need to do is add a term to say you can make additional monthly deposits up to £xx/mth by SO on top of the round ups so if I were to speculate I would say they'd be more likely to keep the interest rate on any future RS alone and not bother with loads of bonus rates of interest.

surreysaver

The 5% fixed Regular Savers are beginning to look enticing!

trickydicky14

Don't know about 'beginning' I've been keeping an eye on them for a while now. I have a few that I'll be funding a bit more now.

s71hj

Is it possible to pay in to Zopa RS by standing order rather than autosave? I've had a quick look ad couldn't see a way though I could see that it's possible to cancel /postpone autosave