We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!

The Top Regular Savers Discussion Thread

1…100210031004100510061008»

Comments

  • Hattie627
    Hattie627 Posts: 593 Forumite
    500 Posts Second Anniversary Name Dropper
    edited Today at 2:24PM
    happybagger said:
    Separately, for anyone with the Dudley BS Loyalty Regular Saver (still available), the rate will fall to 5.75% on 14 January. (source: letter)
    Funny, it's still showing on the website as available at 6% and nothing about imminent reduction to 5.75%
  • gt94sss2
    gt94sss2 Posts: 6,298 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    alfred64 said:
    happybagger said:
    Separately, for anyone with the Dudley BS Loyalty Regular Saver (still available), the rate will fall to 5.75% on 14 January. (source: letter)
    Have they indicated whether the Regular Saver (5%) will decrease? I did not qualify for the loyalty one. If this one falls below current rate I shall probably stop funding it.
    Yes, that is also decreasing to 4.75%
  • lucky77
    lucky77 Posts: 220 Forumite
    Part of the Furniture 100 Posts
    Monmouthshire RS issue 8
    Clairec666 - you were asking for recent experience of "refreshing" this account.
    I did so this week.  Bit of a faff as due to "technical glitch" had to set new PIN and get App ID. You can't just close existing account. Says you need to phone or message.  I phoned and was told in fact you have to send message on App to prove your identity.  Having said that, it was closed a few hours later and I was able to open a new issue 8.  

    Happy Christmas and many thanks to all who have posted helpful advice on this forum, especially Bridlington. It has been much appreciated.
  • clairec666
    clairec666 Posts: 927 Forumite
    500 Posts Name Dropper
    lucky77 said:
    Monmouthshire RS issue 8
    Clairec666 - you were asking for recent experience of "refreshing" this account.
    I did so this week.  Bit of a faff as due to "technical glitch" had to set new PIN and get App ID. You can't just close existing account. Says you need to phone or message.  I phoned and was told in fact you have to send message on App to prove your identity.  Having said that, it was closed a few hours later and I was able to open a new issue 8.  

    Happy Christmas and many thanks to all who have posted helpful advice on this forum, especially Bridlington. It has been much appreciated.
    Hah, good old Monmouthshire, bless 'em. I might look for an easier option elsewhere!
  • roked
    roked Posts: 109 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    rob37uk said:
    Andystriker said:
    Merry Christmas to all on this thread.  Thanks to Bridlington and everyone else who keeps us up to date.

    Dudley Festive Regular Saver

    I sent, by 1st class post, my application with my opening chq.  I posted it on Monday this week, 22nd December.  I was not expecting to hear back until after New Year.

    To my amazement, I have just had todays post 24th December, and in it is the acceptance letter from Dudley with a shiney new passbook.
    There is a Freepost address for Dudley that worked fine in the last few days to open a Festive saver 
    Freepost DD203 
    Dudley
    West Midlands   
    DY1 1BR

    Thanks for this! I missed out on the online one and the fact that both the application and withdrawal had to be done by post, on the other account, was putting me off. This sweetened it enough for me to go for it. Will be interested to see if it gets processed before the end of the month
  • Bridlington1
    Bridlington1 Posts: 4,321 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    alfred64 said:
    happybagger said:
    Separately, for anyone with the Dudley BS Loyalty Regular Saver (still available), the rate will fall to 5.75% on 14 January. (source: letter)
    Have they indicated whether the Regular Saver (5%) will decrease? I did not qualify for the loyalty one. If this one falls below current rate I shall probably stop funding it.
    In addition does anyone know if the two festive RSs were mentioned in this round of rate cuts?

    I'm yet to receive any post today so don't know if the letters only mention the accounts you hold or whether they mention all the affected accounts. Tried phoning Dudley but they've shut early for Christmas so shan't be open till Monday 29th.

    Hattie627 said:
    happybagger said:
    Separately, for anyone with the Dudley BS Loyalty Regular Saver (still available), the rate will fall to 5.75% on 14 January. (source: letter)
    Funny, it's still showing on the website as available at 6% and nothing about imminent reduction to 5.75%
    They wouldn't be the first to do this, Progressive BS's website didn't update till the cuts came into effect the last few times, I've had to phone them to get advanced notice of cuts to their rates in the past. Their phone lines are shut till 30th though so unless they've sent out letters I shan't have any info till at least then.
  • clairec666
    clairec666 Posts: 927 Forumite
    500 Posts Name Dropper
    I've been keeping track of which of my accounts are facing an interest drop, which are staying the same, and which are yet to be announced. I'm only looking at accounts I actually have myself, so this is not a complete list:

    Natwest / RBS - digital regular saver drops to 5.25% AER
    Cooperative - remaining at 7%
    Zopa - remaining at 7.1%
    Skipton - tracks base rate
    Nationwide - nothing yet announced (variable rate)
    Monmouthshire - nothing yet announced (variable rate)
    Darlington - nothing yet announced (variable rate)
    Progressive - nothing yet announced (variable rate)
    Hanley - nothing yet announced (variable rate)
    Manchester - nothing yet announced (variable rate)
    Principality - fixed rate, no new issue released yet (cuts to other accounts already announced)
    Virgin - fixed rate, account not currently on offer
    First Direct - fixed rate, no drop announced for new accounts
    TSB - fixed rate, no drop announced for new accounts
    Lloyds group - fixed rate, no drop announced for new accounts

    I'm particularly keeping a lookout for Monmouthshire, Darlington, Progressive and Hanley, as they are variable rate and also some of my higher-paying accounts.
  • clairec666
    clairec666 Posts: 927 Forumite
    500 Posts Name Dropper
    Thanks - much more thorough than my list! Quite a few still to be announced, I'm anticipating a few more cuts to come.
  • Bridlington1
    Bridlington1 Posts: 4,321 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    clairec666 said:
    Thanks - much more thorough than my list! Quite a few still to be announced, I'm anticipating a few more cuts to come.
    We're still only 6 days in to be fair. But for those trying to avoid all things festive, the regular savers election night coverage has only just begun and shall continue to run into 2026.

    Of those yet to declare, possible ones to watch would be:

    Kent Reliance and Melton BS have yet to cut any of their regular savers to my knowledge since the BOE Base Rate was at 5.25% so if they hold again this time that'll be 6 consecutive interest rate cuts they've held their rates and would cement their status as ``safe seats".

    For a big name many shall be watching Nationwide who are also yet to cut their Flex Regular Saver interest rates so issues 4 onwards have remained at 6.5% thus far. This'll be of particular concern for those holding the account in case of a possible fairer share payment next year.

    Bath BS have made cuts on each occasion so may be vulnerable to further cuts.

    Monmouthshire BS have also been vulnerable to cuts in the past, often sharper than others so it'll be interesting to see what the swing shall be this time round in relation to the 0.25% cut to the base rate.

    Last year YBS's £50 RS bucked the trend and held its 8% rate till maturity despite cuts elsewhere among YBS's regular savers, will this year's 50 Pound RS at 6% be as fortunate?

    One that's likely slipped under the radar of many is that GB Bank entered the regular savers market earlier this year at 4%, they held last time but have recently gone NLA. How they act may be worth observing in case they re-enter the market at a higher rate in the future.

    Of course the above could prove to be a complete and utter load of nonsense.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.9K Banking & Borrowing
  • 253.9K Reduce Debt & Boost Income
  • 454.7K Spending & Discounts
  • 246K Work, Benefits & Business
  • 602.1K Mortgages, Homes & Bills
  • 177.8K Life & Family
  • 259.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture