The Top Regular Savers Discussion Thread

nomorekids

Hattie627 said:

nomorekids said:

Bobblehat said:

clairec666 said:

Well, some may be tempted to empty and close the account before any correction is made. Feels a bit dishonest though.

If on the other hand they don't correct it automatically, I'm not going out of my way to repay them...

Assuming they don't also pay what was expected in August (~£80), I'd like ~£9 to be paid in August, that would make it up to around £102 (£93+£9) is was expecting had the correct interest been paid in December and August!

I expect them to correct December's interest and will make a note to check what the total figure is in August. In my case estimated at ~£18+£84 

and compensate for those who have to pay extra tax on the 31st Dec interest paid? I wonder ............

may be easier to just reverse and pay what everyone is expecting\?

I think they will reverse the credit and re-credit with correct amount, If they leave it as it is and correct at the next interest date, they will be losing out on the use of the money they have overpaid. I doubt that this would be affordable. They are a small mutual. This could put them out of business.

yes i agree with you @hattie627

mon3ysav3r

Same, my Darlington 12 M Reg eSaver issues 2 and 3 have had incorrectly high interest payments of 93.49 and 41.09. My issue 1 has not had any interest added.

dibbles212

WillPS said:

dibbles212 said:

Dudley

Have those that applied for the Dudley online regular saver a couple of weeks ago received login details yet? 

You don't "receive login details", you register using the roll number they provide you.

Ah, okay, thanks. I only received an email saying I would receive a welcome pack so assumed this would provide any login details. I shall try to register using my roll number.

clairec666

Bobblehat said:

clairec666 said:

Well, some may be tempted to empty and close the account before any correction is made. Feels a bit dishonest though.

If on the other hand they don't correct it automatically, I'm not going out of my way to repay them...

Assuming they don't also pay what was expected in August (~£80), I'd like ~£9 to be paid in August, that would make it up to around £102 (£93+£9) is was expecting had the correct interest been paid in December and August!

I expect them to correct December's interest and will make a note to check what the total figure is in August. In my case estimated at ~£18+£84 

Whatever happens, I'll definitely be double, triple and quadruple-checking the August interest payments - clearly something is wrong with Darlington's calculator so I can't trust them to pay the correct amount!

Hattie627

It's been good to start 2026 with a Regular Saver interest anomaly. Good talking point for New Year's Day! Keeps us RS-addicts on our toes knowing that we can't always rely on the banks' IT to get it right. 

We should drink a toast to the Regular Saver designers and their IT teams. Long may they keep the new accounts rolling out, with a few quirks thrown onto their systems along the way.

SnowMan

Looking at some of the numbers it appears possible that the Darlington mistake might be that they have calculated interest to 31st December 2026 (including the interest for 31st December itself) instead of 31st December 2025.

Does that tie in with anyone's numbers?

Bobblehat

SnowMan said:

Looking at some of the numbers it appears possible that the Darlington mistake might be that they have calculated interest to 31st December 2026 (including the interest for 31st December itself) instead of 31st December 2025.

Does that tie in with anyone's numbers?

Not mine! See numbers quoted in my earlier post for a 11/08/2025 start with subsequent payments on 1st working day of month until 03/08/2026.

clairec666

SnowMan said:

Looking at some of the numbers it appears possible that the Darlington mistake might be that they have calculated interest to 31st December 2026 (including the interest for 31st December itself) instead of 31st December 2025.

Does that tie in with anyone's numbers?

That roughly ties in with my figures. I was expecting about £15.50 in interest and have been credited with just short of £84. Currently have £1150 in the account, if that sat there for another year with no additions I'd get 6% of that amount, which is £69.
69 + 15 = 84.

SnowMan

Bobblehat said:

SnowMan said:

Looking at some of the numbers it appears possible that the Darlington mistake might be that they have calculated interest to 31st December 2026 (including the interest for 31st December itself) instead of 31st December 2025.

Does that tie in with anyone's numbers?

Not mine! See numbers quoted in my earlier post for a 11/08/2025 start with subsequent payments on 1st working day of month until 03/08/2026.

I make it you would have been paid £93.45 if my theory is correct. You seemed to be saying you were paid £93?

And the correct amount should have been £18.45

masonic

Mine seems to be within pennies of what I would have expected if they added on a full year at the current balance.