The Top Regular Savers Discussion Thread

simonsmithsays

Descrabled said:

simonsmithsays said:

Saffron small saver maturity 

Received an email today advising that I should be able to choose my instructions via the app.

Well these instructions aren't available on the app or online.

Remind me please - is it normally the next day this option becomes visible?

TIA

The answer to your question is within the email, if you read it carefully. The options will appear in the app and online 14 days before maturity and can be used up to and no later than the day the account matures.

I assume that maturity instructions will also be received in the post and can be actioned by mail as in previous years..

That's very helpful thank you.

I'll be honest I would rarely scroll down past a 'yours sincerely', signature and footer (see image) especially with no asterisk to highlight there is additional information further down the email.

Aidanmc

where_are_we said:

Yorkshire Building Society - I have not had received maturity instructions for my Loyalty Regular E Saver @5.45%. I made my first deposit on 22 February 2024. I presume it goes to an easy access savings account after one year ie. 22 February 2025. On that day I will withdraw the balance and open a new one. I see the interest rate drops to 5.25% on 11/3/25. Because this account allows one withdrawal, I will open a new one as 5.25% is still competitive.

Has anyone else not had a maturity warning email?

Mine matures on 26th, received an email on 11th in my spam folder.

allegro120

simonsmithsays said:

Saffron small saver maturity 

Received an email today advising that I should be able to choose my instructions via the app.

Well these instructions aren't available on the app or online.

Remind me please - is it normally the next day this option becomes visible?

TIA

Saffron
I can't do it via the app yet.  It clearly states "This will be available up to 14 days before the maturity date".  I diarised the action accordingly, we'll see what happens.  Last time I arranged my renewal on the phone because the online option didn't work. 

Bigwheels1111

where_are_we said:

Yorkshire Building Society - I have not had received maturity instructions for my Loyalty Regular E Saver @5.45%. I made my first deposit on 22 February 2024. I presume it goes to an easy access savings account after one year ie. 22 February 2025. On that day I will withdraw the balance and open a new one. I see the interest rate drops to 5.25% on 11/3/25. Because this account allows one withdrawal, I will open a new one as 5.25% is still competitive.

Has anyone else not had a maturity warning email?

It does indeed go into an easy access account.
If you transfer it out on Saturday I’m not sure if it will arrive until Monday or Tuesday.
West Brom is 6% fixed.
So taken that out a second year Instead.


https://www.westbrom.co.uk/savings/regular-savers

Thanks for saving with us - we hope you've been happy with your Loyalty Regular eSaver. account.

We just wanted to let you know that your Loyalty Regular eSaver. currently paying a variable^ interest rate of 5.45% Gross* p.a./AER** is maturing on 21-FEB-2025.

On 22-FEB-2025 we'll automatically transfer your savings to our Easy Access Saver Reward, in line with the terms and conditions of your account. This pays a variable^ interest rate, currently 4.40% Gross* p.a./AER** (correct as of today, but as a variable rate product this is subject to change). 

alfred64

Bigwheels1111 said:

https://www.westbrom.co.uk/savings/regular-savers

Thanks for saving with us - we hope you've been happy with your Loyalty Regular eSaver. account.

We just wanted to let you know that your Loyalty Regular eSaver. currently paying a variable^ interest rate of 5.45% Gross* p.a./AER** is maturing on 21-FEB-2025.

On 22-FEB-2025 we'll automatically transfer your savings to our Easy Access Saver Reward, in line with the terms and conditions of your account. This pays a variable^ interest rate, currently 4.40% Gross* p.a./AER** (correct as of today, but as a variable rate product this is subject to change). 

 4.4% is not bad, though. Better than some who transfer it to a 2.75% account. Useful for a holding account until you start withdrawing into something better.

Growingold

If it helps anyone with YBS withdrawals at the weekend I have found they are one of the few banks that if a withdrawal is initiated on a Saturday it arrives next day (Sunday) into the account requested. 

allegro120

alfred64 said:

Bigwheels1111 said:

https://www.westbrom.co.uk/savings/regular-savers

Thanks for saving with us - we hope you've been happy with your Loyalty Regular eSaver. account.

We just wanted to let you know that your Loyalty Regular eSaver. currently paying a variable^ interest rate of 5.45% Gross* p.a./AER** is maturing on 21-FEB-2025.

On 22-FEB-2025 we'll automatically transfer your savings to our Easy Access Saver Reward, in line with the terms and conditions of your account. This pays a variable^ interest rate, currently 4.40% Gross* p.a./AER** (correct as of today, but as a variable rate product this is subject to change). 

 4.4% is not bad, though. Better than some who transfer it to a 2.75% account. Useful for a holding account until you start withdrawing into something better.

Easy Access Saver Reward will go down to 4.15% from 11th March.

mhoc

Regarding Saffron I left a secure message on the website yesterday and they have accepted maturity instructions by this route - £500 into a new regular saver and the residue back to my linked account. 
They also said that the account number will remain the same so you dont and to cancel your standing order, just alter the final dates. 

jameseonline

mhoc said:

Regarding Saffron I left a secure message on the website yesterday and they have accepted maturity instructions by this route - £500 into a new regular saver and the residue back to my linked account. 
They also said that the account number will remain the same so you dont and to cancel your standing order, just alter the final dates. 

Saffron 12 month  @ 4.75%?

Descrabled

mhoc said:

Regarding Saffron I left a secure message on the website yesterday and they have accepted maturity instructions by this route - £500 into a new regular saver and the residue back to my linked account. 
They also said that the account number will remain the same so you dont and to cancel your standing order, just alter the final dates. 

Saffron Small Saver
Thanks, did likewise and received confirmation within half-an-hour. Great service even at 4.75% interest.