The Top Regular Savers Discussion Thread

Bridlington1

Apologies, I've been a bit slower than usual. Just a reminder the following interest rate cuts came into effect today:

Account	Old Rate	New Rate	Date
Chorley BS Home Saver	4.25%	NO CHANGE	16/01/2026
Chorley BS Regional 2 Year Flexible Saver (all issues)	5.15%	5.10%	16/01/2026
Chorley BS Regular Saver (all issues)	5.15%	5.10%	16/01/2026
Dudley BS Loyalty One Year Regular Saver	6.00%	5.75%	16/01/2026
Dudley BS One Year Regular Saver Issue 9	5.00%	4.75%	16/01/2026
HRBS Children’s Regular Saver	3.75%	3.65%	16/01/2026
HRBS Christmas Saver 30 Day Notice	5.00%	4.90%	16/01/2026
HRBS Regular Saver 30 Day Notice Issue 2	4.10%	4.00%	16/01/2026

Bridlington1

Cumberland BS Interest Rate Reductions 18/2/26:

Account	Old Rate	New Rate	Date
Cumberland BS Cumberland Regular Saver	4.50%	4.25%	18/02/2026
Cumberland BS First Home Saver – Issue 2	4.00%	3.75%	18/02/2026

allegro120

daz378 said:

Just sent sent 250 from my bank to my progressive regular saver...when I tried to sign in accepted password  and WhatsApp code...but then prompted me to change my password...I backed out out as thought this strange...when I rang guy said they do this periodically...only had account few months..I've never heard  of this

Yes, it is very rare so is the use of WhatsApp for sending codes.  Progressive is very distinctive 

allegro120

TheBanker said:

Principality
Does anyone know how they handle RS Maturities at weekends? Mine matures tomorrow. I've asked for the money back to my current account. Will i receive it tomorrow, or will it be Monday?

My Principality weekend maturities have always arrived on the day as promised.  You should receive yours tomorrow.

Pickledonionlover

allegro120 said:

daz378 said:

Just sent sent 250 from my bank to my progressive regular saver...when I tried to sign in accepted password  and WhatsApp code...but then prompted me to change my password...I backed out out as thought this strange...when I rang guy said they do this periodically...only had account few months..I've never heard  of this

Yes, it is very rare so is the use of WhatsApp for sending codes.  Progressive is very distinctive 

That's very diplomatic 👍 

ForumUser7

PowerSavingMode said:

Speculator said:

Sorry if already posted but Progressive Online Regular Rainy Day Saver Account 3 down to 5.25% from ½

Progressive Online Regular Rainy Day Saver

Thank you. For anyone wondering, the product terms and general savings terms state that this account can't be closed because of the rate reduction — I've just trawled through the documentation. Ah well...

Terms do seem to suggest fixed term accounts don’t allow closure where the rate reduces, but this feels highly unorthodox for a variable rate product. Anyone tried to close because of the rate change and been prohibited?

allegro120

liger said:

What happens to the TSB Monthly Saver if you switch out the TSB current account and you don't have any other accounts with TSB?  Should I close down the Monthly Saver before the switch takes place?

You don't need to close it.  If they want to close your Monthly Saver they will do it for you, but most likely it will stay there until maturity.  I would simply open another TSB current account as a back up or a candidate for another switch. I've done a number of in and out switches with TSB, it's handy to have more than one current account with them.

allegro120

Kim_13 said:

flaneurs_lobster said:

MarkFromCornwall said:

daz378 said:

…but then prompted me to change my password...I backed out out as thought this strange...when I rang guy said they do this periodically

Progressive BS
It’s excessive.  They have required me to change my password at least three times.

In a week? A year?

I got the impression when I was asked to change mine this month that it must be every three months, as I was a new customer in October 2025 when Rainy Day Issue 4 was launched.

Progressive
I became a new customer on 5th July 2024 (issue 1) and only had to change my password once, I think it was when they refurbished their online platform.

Kim_13

ForumUser7 said:

PowerSavingMode said:

Speculator said:

Sorry if already posted but Progressive Online Regular Rainy Day Saver Account 3 down to 5.25% from ½

Progressive Online Regular Rainy Day Saver

Thank you. For anyone wondering, the product terms and general savings terms state that this account can't be closed because of the rate reduction — I've just trawled through the documentation. Ah well...

Terms do seem to suggest fixed term accounts don’t allow closure where the rate reduces, but this feels highly unorthodox for a variable rate product. Anyone tried to close because of the rate change and been prohibited?

They allow unlimited withdrawals so all but £1 (the minimum balance) can be withdrawn at any time. Even if they would still not allow closure, it would be difficult to argue that the rate reduction on £1 was of a material detriment to them, especially as the drop has done no more than pass on the base rate cut.

allegro120

PowerSavingMode said:

Speculator said:

Sorry if already posted but Progressive Online Regular Rainy Day Saver Account 3 down to 5.25% from ½

Progressive Online Regular Rainy Day Saver

Thank you. For anyone wondering, the product terms and general savings terms state that this account can't be closed because of the rate reduction — I've just trawled through the documentation. Ah well...

It can't be closed but the withdrawals are allowed.  The only sacrifice is £1 and compounding interest at a lower rate, which is still above what any EA account can generate at this time.