The Top Regular Savers Discussion Thread

Hattie627

I'm at the opposite end of the age spectrum. Other than children's accounts, I don't think we have seen many RS accounts which exclusive to adults within a certain age range. Hope this is not a new trend. 

Kim_13

happybagger said:

Scottish BS Regular Saver effective 30 January from 6.50% down to 6.00%

source

Ouch. That's me not funding it this month. I was going to do so with my Premium Bond winnings but may as well keep hold of it in anticipation of a new Principality issue and making February's funding easier. 

Particularly bad that they have cut by double the base rate cut on a product that is still accepting applications. 

Bobblehat

Bridlington1 said:

Bobblehat said:

Kazza242 said:

Harpenden Building Society have launched a new account called '18-30 Regular Saver (issue 1)', paying 6.00% (variable). 

As the account name indicates, this regular saver can only be opened by applicants who are aged between 18 to 30 years old.

- Up to £200 can be deposited per month
- The account runs for 12 months
- Max investment £2,400
- Available to open via Harpenden Online only (account cannot be opened by post or branch)

Further details, here.

40+ years too late for me 

Well I'm eligible but closer to the minimum age than the maximum age .....

I have to take my (Bobble)hat off to the energy and enthusiasm of youth 

ForumUser7

Kazza242 said:

Harpenden Building Society have launched a new account called '18-30 Regular Saver (issue 1)', paying 6.00% (variable). 

As the account name indicates, this regular saver can only be opened by applicants who are aged between 18 to 30 years old.

- Up to £200 can be deposited per month
- The account runs for 12 months
- Max investment £2,400
- Available to open via Harpenden Online only (account cannot be opened by post or branch)

Further details, here.

Good to see societies moving to capture younger demographics. Most tend to just go with fintechs nowadays, so it is important for their future survival.

surreysaver

Kim_13 said:

happybagger said:

Scottish BS Regular Saver effective 30 January from 6.50% down to 6.00%

source

Ouch. That's me not funding it this month. I was going to do so with my Premium Bond winnings but may as well keep hold of it in anticipation of a new Principality issue and making February's funding easier. 

Particularly bad that they have cut by double the base rate cut on a product that is still accepting applications. 

Scottish

 Don't forget it's easy access, and the rate's not going down until the end of the month.

Maybe the biggish drop is in readiness for the account being launched online and the subsequent rise in demand?

trickydicky14

Kim_13 said:

happybagger said:

Scottish BS Regular Saver effective 30 January from 6.50% down to 6.00%

source

Ouch. That's me not funding it this month. I was going to do so with my Premium Bond winnings but may as well keep hold of it in anticipation of a new Principality issue and making February's funding easier. 

Particularly bad that they have cut by double the base rate cut on a product that is still accepting applications. 

That's not nice, that's a big drop.

Bob2000

WEST BROWWICH WINTER SAVER.

I applied for the account  yesterday noon and then received  a text and email that they were checking my ID.
Today at 10.26am, I had another email stating  that they needed  additional ID, so I resent my passport. 

Just got in, and it looks like the account  is open.
So do l apply to register for online access  or wait for WB to send me an email/letter?

Dizzycap

Kim_13 said:

happybagger said:

Scottish BS Regular Saver effective 30 January from 6.50% down to 6.00%

source

Ouch. That's me not funding it this month. I was going to do so with my Premium Bond winnings but may as well keep hold of it in anticipation of a new Principality issue and making February's funding easier. 

Particularly bad that they have cut by double the base rate cut on a product that is still accepting applications. 

Although I agree it's an ouch interest rate drop  , in the scheme of things overall it's in line with a number of RS, especially when you consider some other RS have also had interest rate cuts. Personally, I'd rather fund / part fund a 6% account than a 5.25% - 5% any day, although in a few months I may very well be eating my words and be happy to fund RSs in the 5% range. However, I will admit, I'm now using my Natwest Digital RS as a 'Save the Change / Moneybox' account - Any pennies left over at the end of the month, get thrown in knowing I can access funds as and when  

Bobblehat

Bob2000 said:

WEST BROWWICH WINTER SAVER.

I applied for the account  yesterday noon and then received  a text and email that they were checking my ID.
Today at 10.26am, I had another email stating  that they needed  additional ID, so I resent my passport. 

Just got in, and it looks like the account  is open.
So do l apply to register for online access  or wait for WB to send me an email/letter?

I would wait until tomorrow. It seems, according to WB's CS agent, that they send the email out when the account is "almost fully" open! I got my email today and failed to open the online access after a couple of tries, but was told it should work tomorrow. You should get another email tomorrow with details of how to register for online access. 

Others on here have tried to fund it today and failed with COP, although some might have succeeded. Tomorrow should give a more certain level of success.

Bobblehat

trickydicky14 said:

Kim_13 said:

happybagger said:

Scottish BS Regular Saver effective 30 January from 6.50% down to 6.00%

source

Ouch. That's me not funding it this month. I was going to do so with my Premium Bond winnings but may as well keep hold of it in anticipation of a new Principality issue and making February's funding easier. 

Particularly bad that they have cut by double the base rate cut on a product that is still accepting applications. 

That's not nice, that's a big drop.

If you have funds languishing in 4.0% - 4.5% EA accounts, then 6% might still seem a good deal!