The Top Regular Savers Discussion Thread

simonsmithsays

friolento said:

flaneurs_lobster said:

simonsmithsays said:

kamkop said:

simonsmithsays said:

YBS Loyalty eSaver 5.45%

https://www.ybs.co.uk/savings/loyalty-savings-accounts?cmpid=eml-YBS-Xsell-Lapsed&spMailingID=30815003&spUserID=MjEyNzIxNjE3ODc2S0&spJobID=2670493556&spReportId=MjY3MDQ5MzU1NwS2

The interest rate on this account will go down to 5.25% gross per year/AER variable on 11 March 2025.

Seeing as they've (YBS) only just sent me this email offering that's absolutely scandalous that it's not mentioned (in the email)

...and on the second page of detail when you check the product online. Poor.

I have just applied fir this account. The impending rate drop is prominently highlighted. They couldn’t have made it any clearer.

I agree it's on the website 

It's absolutely nowhere on the email though with the, soon to be expired, rate the largest font on the whole email.

That's just shoddy click bait when the rate drop is sooo near 

Stargunner

friolento said:

CLUB LLOYDS RS 

If your only reason for having the Club Lloyds current account is access to the Club Lloyds RS: you only need to have the CL current account at the time of applying for the CL RS. 

Once your CL RS is open, you can immediately downgrade your CL current account to the fee-free Classic account. All doable in minutes, and does not affect the operation or interest rate of the CL RS.

I think the majority like to keep it for the Lifestyle benefits.

Archerychick

gt94sss2 said:

AndyTh_2 said:

Principality BS First Home Steps

Seems they are going to convert previous issues to the issue 5 on 6th March (I just got an email about it for my issue 3).

Those fortunate enough to have multiple issues of the Principality BS First Home Steps RS may want to check that Principality have correctly merged their accounts.

It seems that as well as merging all the previous issues into a issue 5 as previously communicated, they also merged any other issue 5 account that you already had open which they hadn't notified you about as "you can only have one issue 5 account".

This means that if your balance exceeds 50k in the merged account, you can't continue to contribute to Issue 5 even though the reason you would have had two of the same issue is solely down to PBS's decision to merge issues.. 

I suspect I will have to log a complaint to get this resolved..

I did wonder if they’d close the loop hole at some point. I have 2 issue 2 of their 6 month regular saver - no message at the moment and my accounts are still showing. Wonder if they’re working through them product by product 

ThePirates

Stargunner said:

friolento said:

CLUB LLOYDS RS 

I think the majority like to keep it for the Lifestyle benefits.

Exactly, cycling money through on its way to Halifax gives me Disney+ for free!

friolento

Stargunner said:

friolento said:

CLUB LLOYDS RS 

If your only reason for having the Club Lloyds current account is access to the Club Lloyds RS: you only need to have the CL current account at the time of applying for the CL RS. 

Once your CL RS is open, you can immediately downgrade your CL current account to the fee-free Classic account. All doable in minutes, and does not affect the operation or interest rate of the CL RS.

I think the majority like to keep it for the Lifestyle benefits.

My post was clearly not for the benefits of those people 

PRAISETHESUN

Stargunner said:

friolento said:

CLUB LLOYDS RS 

If your only reason for having the Club Lloyds current account is access to the Club Lloyds RS: you only need to have the CL current account at the time of applying for the CL RS. 

Once your CL RS is open, you can immediately downgrade your CL current account to the fee-free Classic account. All doable in minutes, and does not affect the operation or interest rate of the CL RS.

I think the majority like to keep it for the Lifestyle benefits.

It's good to communicate this as people tend to forget. Every time a Lloyds switch offer comes around people will ask what happens to any CL savings they hold if they downgrade their CL current account to allow them to open a new one to take advantage of the incentive.

nottsphil

wiseonesomeofthetime said:

nottsphil said:

chris_the_bee said:

Fingerbobs said:

Just opened a Principality Christmas 2025 RS, but I can't fund it. The sending bank just says the reference is invalid and refuses to send the payment. I've tried copying and pasting the details and re-typing everything, and tried two different sending banks, but they just refuse to send the payment. 
I didn't even realise the reference was checked. 

Principality
Principality takes 24 hours for COP to recognise new accounts.

I opened an Issue 35 regular saver bond 1
 this evening, and funded it straight away. Bank of Scotland couldn't get the reference verified of course, but let me proceed after a warning.

It's still showing at 5.15% right now by the way, despite being a fixed interest offering.

Why would you expect it to change?

Because it was at that rate before the previous Bank of England rate reduction, so I would have expected withdrawal and a new issue 36 launched to reflect the change.

nottsphil

simonsmithsays said:

nottsphil said:

simonsmithsays said:

francoghezzi said:

Please, if we could put the subject on top of our posts this forum would become more readable. The name of the bank or building society we're talking about might be perfect

I'd prefer the title of this thread to contain something like  'PLEASE STATE THE INSTITUTION YOU ARE REFERRING TO WHEN REPLYING'.

This might cut down on the amount of mind reading needed when forumites who don't.

Some don't even use the quote function!

Your last sentence implies that you need to state the institution whether or not you quote. If I've quoted somebody, then I'm certainly not going to state the institution again for others who can't be bothered to navigate the 'show previous quotes' feature.

You've misunderstood.

Some forumites don't quote the institution or product and neither do they quote the original post they are replying to.

I.e. it's impossible to fathom what product they are talking about when others have added comments on other products in the meantime.

You've misunderstood.

You've criticised a certain group of respondents (rightly so in some cases) then at the very end written "Some don't even use the quote function!" This can only mean that you are including those who do in the criticism, otherwise why would you use the word 'even'?

nottsphil

bioboybill said:

My wife signed up for an Easy Access account with West Bromwich BS online yesterday in the hope of accessing their 6% fixed RS. At the end of the application it said, "we'll get back to you with a decision in 3-5 days". Seriously? Every other bank or BS I've used manages to give you a decision in minutes! Is that typical with them?

I took out an ISA with them but was still not able to open a regular saver. Apparently, I'm not a member. So, they are now stuck with the administrative costs of a £1 ISA which I refuse to fund until recognised as a member.

nottsphil

Dizzycap said:

Bridlington1 said:

Newcastle BS Interest Rate Reductions From 7/3/25:

Of note:

Newcastle BS Regular Saver (Issue 1) ~~~~ NO CHANGE ~~~~~ Remains at 5.5%.

Good old Newcastle BS! They very rarely, if ever, change interest rates on variable rate accounts

But does that also apply when the Bank of England rate rises?