The Top Regular Savers Discussion Thread

Bridlington1 · 19 February at 8:37PM

State Bank of India Regular Saver Account at 5% NLA, replaced by Issue 2 at 4.5%. This appears to have occurred on 14/2/25 so the first page of this thread has been updated to reflect this.

Kim_13 · 19 February at 11:42PM

Loughborough

I received an email (not on the secure messaging platform for some reason) advising that they had received my opening deposit and correctly quoting the amount of that deposit. The email was from the address the application was emailed to. It said that only one payment per month was allowed, but that they would make an exception this month if the payment was a test payment.

I wasn’t aware of 1 payment per month being a maximum, only that a payment was required each month. I don’t know if it’s a restriction they have put in because I said on the application form that I would use the account monthly, but it would be a first if they have.

Aidanmc · 20 February at 12:11AM

Kim_13 said:

Loughborough

I received an email (not on the secure messaging platform for some reason) advising that they had received my opening deposit and correctly quoting the amount of that deposit. The email was from the address the application was emailed to. It said that only one payment per month was allowed, but that they would make an exception this month if the payment was a test payment.

I wasn’t aware of 1 payment per month being a maximum, only that a payment was required each month. I don’t know if it’s a restriction they have put in because I said on the application form that I would use the account monthly, but it would be a first if they have.

Hmm, just looked at the Fixed monthly saver 5.05% that i opened recently, it does state in Key Features 'one deposit per calender month'. Never noticed this until you mentioned it. I also made a small initial deposit and was going to top it up before end of month.

Image: https://us-noi.v-cdn.net/6031891/uploads/editor/4s/ira5abc1oree.png

Guessing the Holiday monthly saver was the same,

WillPS · 20 February at 11:03AM

Kim_13 said:

Loughborough

I received an email (not on the secure messaging platform for some reason) advising that they had received my opening deposit and correctly quoting the amount of that deposit. The email was from the address the application was emailed to. It said that only one payment per month was allowed, but that they would make an exception this month if the payment was a test payment.

I wasn’t aware of 1 payment per month being a maximum, only that a payment was required each month. I don’t know if it’s a restriction they have put in because I said on the application form that I would use the account monthly, but it would be a first if they have.

That would explain the slightly cryptic 'are you going to send any more money?' question my wife was sent (but I wasn't)! Her reply was 'yes, in line with the terms of the account it will be funded by monthly standing order moving forwards'.

I'll change those (minimum funding) standing orders to the end of the month now to give us a chance to send more mid-month if we need to.

Thanks for the heads up.

Bridlington1 · 20 February at 5:46PM

Thanks for bringing the Loughborough BS one payment per month restriction to my attention. The first page of this thread and the listings in the archived thread have been updated accordingly.

PowerSavingMode · 20 February at 5:50PM

Bridlington1 said:

Thanks for bringing the Loughborough BS one payment per month restriction to my attention. The first page of this thread and the listings in the archived thread have been updated accordingly.

Yes, I have just noted that "Maximum of one receipt per calendar month" in my Loughborough RS, yet for months now I have been sending many deposits pcm — so far NONE of them have been returned, so I only hope that they have credited them all!

allegro120 · 20 February at 6:13PM

PowerSavingMode said:

Bridlington1 said:

Thanks for bringing the Loughborough BS one payment per month restriction to my attention. The first page of this thread and the listings in the archived thread have been updated accordingly.

Yes, I have just noted that "Maximum of one receipt per calendar month" in my Loughborough RS, yet for months now I have been sending many deposits pcm — so far NONE of them have been returned, so I only hope that they have credited them all!

I'm sure they have. They can't keep your money on your account and not pay interest. Normally any overpayments or incorrect payments are returned within a day or two. You can always call Loughborough and check your balance, if the balance is correct then your funds are earning the interest.

chris_the_bee · 20 February at 6:27PM

PowerSavingMode said:

Bridlington1 said:

Thanks for bringing the Loughborough BS one payment per month restriction to my attention. The first page of this thread and the listings in the archived thread have been updated accordingly.

Yes, I have just noted that "Maximum of one receipt per calendar month" in my Loughborough RS, yet for months now I have been sending many deposits pcm — so far NONE of them have been returned, so I only hope that they have credited them all!

Loughborough
The one payment per month rule does not appear to apply to their Holiday Monthly Saver.or the Limited Access Monthly Saver.only the 5 Year Retirement and 1 Year Fixed Rate Monthly Savers.