The Top Regular Savers Discussion Thread

WillPS

This is how YBS do things. Nothing new, advice is always to leave it where it is as it includes interest which hasn't yet been earned.

Bigwheels1111

My YBS £100.34 this year.

simonsmithsays

WillPS said:

This is how YBS do things. Nothing new,

Yep I'm well aware of this - others may not be and helping others, i.e. replying to the OP, is what this thread is all about. 

advice is always to leave it where it is as it includes interest which hasn't yet been earned.

Not for me - I instructed the withdrawal for the majority of it yesterday so I can distribute it to higher paying accounts today (it's arrived this morning).

Yorkshire Loyalty Regular Saver eSaver

happybagger

Swansea BS Reg Saver
Not a top payer but for anyone with it.
No decrease in the rate change letter (effective 1 March 2025) received today
4.25% paid monthly 4.33% AER - monthly interest only available.

BestSeagull

WillPS said:

Aidanmc said:

Can i hold Melton RS 6 and also open the current RS 5?

The only stipulation is that it is "Limited to one account per person". By my read, that means you can have one of each account offered and RS5 is clearly a different product to RS6. 

Might be worth looking in to as an account with no fixed maturity. It'll be interesting to see what happens with their rates, noting that they're still "reviewing" following the lowering of the base rate. I might bite if the rate is maintained.

Melton.
This is correct.  I spoke to them just to be sure as it's a paper application and I didn't want to go to the bother if it might be rejected. But it's fine to have both.

mhoc

Apologies if its already been discussed previously.
I have just renewed my Halifax regular savers - so  I have a saver maturing in February 2026 to aid cash flow purposes but mainly to keep the 5.5% fixed rate for another year. 
But now I am wondering if I should do the same with Lloyds regular savers, renew and then restart. 
Renewing them now would not help with having a spread of savers maturing in different months which would be a minus point and also both of our Lloyds regular savers are just 3 months old so not a high balance in them.
But is an interest rate drop for Lloyds inevitable and sooner rather than later so should I just get on and do it ....

surreysaver

Who knows what interest rates are going to be in a year's time. If you end up second guessing, then you'll probably be worse off 

fromscratch

mhoc said:

But now I am wondering if I should do the same with Lloyds regular savers, renew and then restart. 
Renewing them now would not help with having a spread of savers maturing in different months which would be a minus point and also both of our Lloyds regular savers are just 3 months old so not a high balance in them.
But is an interest rate drop for Lloyds inevitable and sooner rather than later so should I just get on and do it ....

I had a letter yesterday about 2 other savers I have with Lloyds (child saver and some really low interest thing I don't keep any Money in)- the rates of those are both reducing. But the Club Lloyds Saver was not on the letter so I don't think they are reducing the rate- yet. 

flaneurs_lobster

fromscratch said:

mhoc said:

But now I am wondering if I should do the same with Lloyds regular savers, renew and then restart. 
Renewing them now would not help with having a spread of savers maturing in different months which would be a minus point and also both of our Lloyds regular savers are just 3 months old so not a high balance in them.
But is an interest rate drop for Lloyds inevitable and sooner rather than later so should I just get on and do it ....

I had a letter yesterday about 2 other savers I have with Lloyds (child saver and some really low interest thing I don't keep any Money in)- the rates of those are both reducing. But the Club Lloyds Saver was not on the letter so I don't think they are reducing the rate- yet. 

The Lloyds Monthly Savers (Club & otherwise) are Fixed Rate for their year duration so their rates won't be changing.

WillPS

flaneurs_lobster said:

fromscratch said:

mhoc said:

But now I am wondering if I should do the same with Lloyds regular savers, renew and then restart. 
Renewing them now would not help with having a spread of savers maturing in different months which would be a minus point and also both of our Lloyds regular savers are just 3 months old so not a high balance in them.
But is an interest rate drop for Lloyds inevitable and sooner rather than later so should I just get on and do it ....

I had a letter yesterday about 2 other savers I have with Lloyds (child saver and some really low interest thing I don't keep any Money in)- the rates of those are both reducing. But the Club Lloyds Saver was not on the letter so I don't think they are reducing the rate- yet. 

The Lloyds Monthly Savers (Club & otherwise) are Fixed Rate for their year duration so their rates won't be changing.

But of course the rate for new applications could change at any time. That said there is remarkably little movement among the loss leading 'current account sidekick' offers thusfar, other than HSBC briefly boosting theirs around Savings Week then dropping it back. Long may it remain so....