The Top Regular Savers Discussion Thread

Bridlington1

Bobblehat said:

Bridlington1 said:

Just a reminder the following accounts are set to see their rates cut tomorrow (1/3/25):

Account	Old rate	New rate	Date
Buckinghamshire BS Regular Saver	3.40%	3.15%	01/03/25
Buckinghamshire BS Regular Saver Locals	3.80%	3.55%	01/03/25
Stafford Railway BS Regular Saver	4.90%	4.75%	01/03/25

With the following set to reduce their rates on Monday 3/2/25:

Account	Old rate	New rate	Date
Bath BS 16-25 Regular Saver	7.09%	6.89%	03/03/25
Bath BS Homestart Regular Saver	4.54%	4.34%	03/03/25
Bath BS The Regular Saver	4.04%	3.89%	03/03/25
Coventry BS Children's Regular Saver	4.15%	3.90%	03/03/25
Coventry BS Colleague Regular Saver	5.00%	4.75%	03/03/25
Coventry BS First Home Saver	5.10%	4.85%	03/03/25
Coventry BS First Home Saver (2)	4.80%	NO CHANGE	03/03/25
Coventry BS Loyalty Mortgage RS	6.00%	5.75%	03/03/25
Coventry BS Loyalty Regular Saver (2)	6.25%	6.00%	03/03/25
Coventry BS Loyalty Seasonal Saver	6.00%	5.75%	03/03/25
Coventry BS Regular Saver	4.55%	4.30%	03/03/25
Coventry BS Regular Saver (5)	5.00%	4.75%	03/03/25
Coventry BS Regular Saver (6)	4.75%	4.50%	03/03/25
Coventry BS Sunny Day Saver	6.25%	6.00%	03/03/25
Coventry BS Young Saver	4.75%	4.50%	03/03/25
Darlington BS 12 Month RS	5.10%	5.00%	03/03/25
Leek BS Homebuyers Regular Savings	3.30%	3.05%	03/03/25
Leek BS Regular Saver Account Issue 1 & 2	3.30%	3.05%	03/03/25
Leek BS Regular Saver Account Issue 3	4.85%	4.65%	03/03/25
Vernon Online Regular Saver	6.50%	6.25%	03/03/25

Should the MONDAY rate reduction heading be 3/3/25?

It should and now is. Many thanks.

francoghezzi

Coventry

Am I right at thinking that with the rate reduction from 6 to 5.75% are we allowed to close the Coventry Regular Saving without any penalty?

Dizzycap

WillPS said:

Dizzycap said:

From personal experience recently, it took the Co-Op 3 days to open my New RS after confirmation of application by email. This was due to high demand and the system having a backlog of RS applications that needed to be worked through by staff. In today's RS climate, the important issue is that you get the 7% fixed RS, even if there's a couple of days delay in it being fully opened for a few extra pennies of interest on getting in funds before the end of the month, which at this point, is highly unlikely

The Co-op's Regular Saver isn't fixed.

I stand corrected. It might as well be, as it hasn't changed interest rate in the past 3 years.

Bridlington1

francoghezzi said:

Coventry

Am I right at thinking that with the rate reduction from 6 to 5.75% are we allowed to close the Coventry Regular Saving without any penalty?

That is correct. From the general Ts&Cs:

WillPS

Dizzycap said:

WillPS said:

Dizzycap said:

From personal experience recently, it took the Co-Op 3 days to open my New RS after confirmation of application by email. This was due to high demand and the system having a backlog of RS applications that needed to be worked through by staff. In today's RS climate, the important issue is that you get the 7% fixed RS, even if there's a couple of days delay in it being fully opened for a few extra pennies of interest on getting in funds before the end of the month, which at this point, is highly unlikely

The Co-op's Regular Saver isn't fixed.

I stand corrected. It might as well be, as it hasn't changed interest rate in the past 3 years.

It didn't even exist before last year.

Stargunner

My Co-op RS has just matured and morphed into a smart saver, but it is just showing a balance of £3000, no interest has been added. Is this normal, and does it get added at a later point.

Digital_Payback

Stargunner said:

My Co-op RS has just matured and morphed into a smart saver, but it is just showing a balance of £3000, no interest has been added. Is this normal, and does it get added at a later point.

Same here. Mine matured early morning, no interest added yet. 

jaypers

Happy Regular Saver Transfer Day everyone 

Bridlington1

jaypers said:

Happy Regular Saver Transfer Day everyone 

Or part 1 in my case given that today is a non-working day so I'll only be paying into about 2 dozen today, most of the rest'll get paid into on Monday due to the way they treat payments received on non-working days for interest purposes.

Hattie627

Stargunner said:

My Co-op RS has just matured and morphed into a smart saver, but it is just showing a balance of £3000, no interest has been added. Is this normal, and does it get added at a later point.

Mine matured on Thursday, it shows as a Smart Saver, without any interest added, for roughly 3 hours, then the interest appears. Mind you, mine happened on a working day, may be different as this is a Saturday.