The Top Regular Savers Discussion Thread

Speculator

mhoc said:

Please can I ask can a Santander regular saver be refreshed - ie an ongoing one closed and a shiny new one opened immediately? 
Mine does not mature until May and I doubt if it will be still 5% and fixed by then ...

Think it can but you have to contact them to close it and it can take 2 working days according to their website.

simonsmithsays

simonsmithsays said:

happybagger said:

simonsmithsays said:

CricketLady said:

The Yorkshire Building Society 5% Christmas account is now live, I know this isn't everyone's cup of tea but for those that would like it, it is £150 per month until 31st October xx

Wind forward a month and it the base rate is cut and this (variable) product stays the same rate then it might receive a very different reaction on here.

I've opened it in any case

Maybe. Maybe not. It is variable too, of course.
Not much going for base rate cuts at the moment

Seems to be odds on?

Good news is the variable YBS Christmas RS has been kept at 5% with today's YBS new rates announcement after the Base Rate cut.

Wonder how long it'll be available for.

simonsmithsays

simonsmithsays said:

simonsmithsays said:

happybagger said:

simonsmithsays said:

CricketLady said:

The Yorkshire Building Society 5% Christmas account is now live, I know this isn't everyone's cup of tea but for those that would like it, it is £150 per month until 31st October xx

Wind forward a month and it the base rate is cut and this (variable) product stays the same rate then it might receive a very different reaction on here.

I've opened it in any case

Maybe. Maybe not. It is variable too, of course.
Not much going for base rate cuts at the moment

Seems to be odds on?

Good news is the variable YBS Christmas RS has been kept at 5% with today's YBS new rates announcement after the Base Rate cut.

Wonder how long it'll be available for.

YBS

Other good news is that the £50 rs remains unchanged at 8% but the loyalty RS will be reduced from 5.45 to 5.25

https://www.ybs.co.uk/documents/productdata/YBM1607RC.pdf

AndyTh_2

and YBS Regular eSaver will be reduced from 4.85% to 4.65%

Bob2000

Kim_13 said:

Bob2000 said:

Bob2000 said:

Kim_13 said:

Bob2000 said:

10_66 said:

Principality 1 Year Triple Access
I opened this last April and it's now got the full £600 in it.  Can anyone confirm if Principality adhere to their maximum limits, please (I'm afraid my memory fails me), as there's another couple of months' left before it matures?

Well, today, they returned £12.62 to my current  account  from the same RS as mentioned  above. Don't know why because l always deposit exactly £50 on the 1st by SO??
So I can't see them letting an extra £50 slipp past them!

Was there £12.62 interest at some point? I remember this being questioned here when the account launched, due to the mid term payment of interest.

Though April to February = 11 payments, so surely they should only reject entirely if the interest had been more than £50 to take the balance to £600. Impossible given the rate and maximum balance involved. I overfunded one a few months ago and they returned the excess but not the whole payment.

From 30/4/24 == 2/12/24 £50 Standing orders.
 Then 1/1/25.  £12.56  then another £50 on the 2/1/25 and finally 3/2/25 £37.35?

I spoke to a staff member  at my local branch and she's wasn't sure why.

Well that explains  that then?? £537.35 in account  now??

There might have been some logic had they done this in January, as your balance increased by more than £50 then due to the interest. 

I would contact them and consider complaining. Clearly your balance has only increased by £37.35 in February so they should have accepted the £12.65, as you were paying in the maximum permitted and no more. They should also accept £50 or a top up to £600 next month, whichever is lower.

 Hopefully  it's sorted now. I'll ask if it can be back dated too because I can't get to the branch until next Wednesday.

Bridlington1

Following the BOE Base Rate cut from 4.75% to 4.5%:

As per last time I shall once again be maintaining as list of rate cuts announced since 6/2/25, I'll post a list of the rate cuts announced so far later tonight which shall be updated as and when they are announced. I'm doing a fair amount of overtime over the next week or two so updates are likely going to be slower than last time, apologies in advance for this.

Since the BOE Base Rate was reduced:

Skipton Home Deposit Saver (Issue 2) NLA, replaced by Issue 3 at 4.56%.

Skipton BS Member Regular Saver (Issue 4) to reduce from 6.75% to 6.5% within the next 14 days (tracks 2% above BOE Base rate).

I've noticed this on Skipton's website so I'd expect further rate cuts to follow.:


I have also noted the YBS rate cuts.

I shall update both this thread and the archived thread to reflect the above changes later this evening.

Kim_13

Bob2000 said:

Kim_13 said:

Bob2000 said:

Bob2000 said:

Kim_13 said:

Bob2000 said:

10_66 said:

Principality 1 Year Triple Access
I opened this last April and it's now got the full £600 in it.  Can anyone confirm if Principality adhere to their maximum limits, please (I'm afraid my memory fails me), as there's another couple of months' left before it matures?

Well, today, they returned £12.62 to my current  account  from the same RS as mentioned  above. Don't know why because l always deposit exactly £50 on the 1st by SO??
So I can't see them letting an extra £50 slipp past them!

Was there £12.62 interest at some point? I remember this being questioned here when the account launched, due to the mid term payment of interest.

Though April to February = 11 payments, so surely they should only reject entirely if the interest had been more than £50 to take the balance to £600. Impossible given the rate and maximum balance involved. I overfunded one a few months ago and they returned the excess but not the whole payment.

From 30/4/24 == 2/12/24 £50 Standing orders.
 Then 1/1/25.  £12.56  then another £50 on the 2/1/25 and finally 3/2/25 £37.35?

I spoke to a staff member  at my local branch and she's wasn't sure why.

Well that explains  that then?? £537.35 in account  now??

There might have been some logic had they done this in January, as your balance increased by more than £50 then due to the interest. 

I would contact them and consider complaining. Clearly your balance has only increased by £37.35 in February so they should have accepted the £12.65, as you were paying in the maximum permitted and no more. They should also accept £50 or a top up to £600 next month, whichever is lower.

 Hopefully  it's sorted now. I'll ask if it can be back dated too because I can't get to the branch until next Wednesday.

They mentioned a 6 Month Regular Saver rather than the 1 Year Triple Access - is this their error as that’s probably the account most of the customers they deal with want or have, or could you possibly have mixed your reference numbers up and sent it to another account?

Probably their error as there’s also a typo in conversation and I don’t believe my 6 Month Regular paid interest on 1 January.

Bob2000

Kim_13 said:

Bob2000 said:

Kim_13 said:

Bob2000 said:

Bob2000 said:

Kim_13 said:

Bob2000 said:

10_66 said:

Principality 1 Year Triple Access
I opened this last April and it's now got the full £600 in it.  Can anyone confirm if Principality adhere to their maximum limits, please (I'm afraid my memory fails me), as there's another couple of months' left before it matures?

Well, today, they returned £12.62 to my current  account  from the same RS as mentioned  above. Don't know why because l always deposit exactly £50 on the 1st by SO??
So I can't see them letting an extra £50 slipp past them!

Was there £12.62 interest at some point? I remember this being questioned here when the account launched, due to the mid term payment of interest.

Though April to February = 11 payments, so surely they should only reject entirely if the interest had been more than £50 to take the balance to £600. Impossible given the rate and maximum balance involved. I overfunded one a few months ago and they returned the excess but not the whole payment.

From 30/4/24 == 2/12/24 £50 Standing orders.
 Then 1/1/25.  £12.56  then another £50 on the 2/1/25 and finally 3/2/25 £37.35?

I spoke to a staff member  at my local branch and she's wasn't sure why.

Well that explains  that then?? £537.35 in account  now??

There might have been some logic had they done this in January, as your balance increased by more than £50 then due to the interest. 

I would contact them and consider complaining. Clearly your balance has only increased by £37.35 in February so they should have accepted the £12.65, as you were paying in the maximum permitted and no more. They should also accept £50 or a top up to £600 next month, whichever is lower.

 Hopefully  it's sorted now. I'll ask if it can be back dated too because I can't get to the branch until next Wednesday.

They mentioned a 6 Month Regular Saver rather than the 1 Year Triple Access - is this their error as that’s probably the account most of the customers they deal with want or have, or could you possibly have mixed your reference numbers up and sent it to another account?

Probably their error as there’s also a typo in conversation and I don’t believe my 6 Month Regular paid interest on 1 January.

Well spotted because l totally  missed it. 
Thank you for that!
Yes the account number  is correct  just sent them another message to clarify  l can still go ahead with the deposits. 

jameseonline

Well the Skipton Member Regular Saver 6.75% rate didn't last long did it?, rah.

Guessing Coventry Loyalty Regular Saver will go down?, although that's finishing for me in just over a month, but that started at 6.75% (currently @ 6.25%, which is same rate as Sunny Day) I believe.

nottsphil

simonsmithsays said:

francoghezzi said:

Please, if we could put the subject on top of our posts this forum would become more readable. The name of the bank or building society we're talking about might be perfect

I'd prefer the title of this thread to contain something like  'PLEASE STATE THE INSTITUTION YOU ARE REFERRING TO WHEN REPLYING'.

This might cut down on the amount of mind reading needed when forumites who don't.

Some don't even use the quote function!

Your last sentence implies that you need to state the institution whether or not you quote. If I've quoted somebody, then I'm certainly not going to state the institution again for others who can't be bothered to navigate the 'show previous quotes' feature.