The Top Regular Savers Discussion Thread

Gers

Chorley BS - email:

We are writing to let you know about a change to our Regular Saver and Seasonal Saver Accounts which will take place from 1st January 2025.

 After listening to feedback from our Members, we will be increasing the monthly subscription that can be paid into the account to £400.00. Backdated monthly deposits are not allowed.

Section62

saverkev said:

CricketLady said:

Hello everyone, happy new year when it comes

I'm not sure if I've got something wrong (I usually have!) but I set up my 7% HSBC regular saver account on the 12th of the month (September) and either HSBC or I set up the standing order to go from the 12th on subsequent months.

However, in December I trialled deleting the standing order and simply transferred the money over manually from my HSBC current account to the regular saver account with no problems on the 2nd of the month. 

I only mention this because I've assumed previously that it was just like the First Direct regular saver account, as in, they set up the standing order on the date the account is opened and it cannot be changed.    

So sorry if I'm wrong or have missed something but am purely intending to help

xx

HSBC Regular Saver

T's & C's state pay in by standing order but it seems you can also transfer in.
I seem to remember someone stating that although you can pay in earlier than the set due date the payment will only receive interest at the set (7%) rate from the the due date - a lower interest rate payable in the meantime.

That's certainly the way it used to work.  There have been various people claiming to get the full 7% on all amounts from the date deposited, but AFAIK none of them provided anything like convincing evidence this was the case.  Happy to be corrected if I've misremembered.

Personally I play it safe now - having been caught once.  I just leave the SO as it was and forego the possibility of a little bit more interest. (appreciate this is a heresy)

SJMALBA

ForumUser7 said:

Bridlington1 said:

It seems the new year has made Leek BS's technical systems become rather generous, it says their regular saver has risen from 5% to 30% or 17.25% depending on where you look:

I think it's been fixed - showing 5% at my end  

Showing as 5% for me, too (dropping to 4.85% - 2.1.25), for 'Regular Saver Account (Issue 3)'.

simonsmithsays

OneUser1 said:

The famous Gatehouse Regular Saver turned Easy Access drops from 5% to 4.75% at the end of January. 

This is definitely relevant for this RS thread (apart from it morphing from a RS) as it may bring into play RS we have where you're not, currently, paying in the maximum in.

Mine is a Furness RS 5 4.75%.

simonsmithsays

Mansfield RS 31/12/24  interest has been paid to my two RS folks.

That just leaves the following 31/12 for me:

Penrith BS

Buck RS

Virgin RS

ForumUser7

Bridlington1 said:

ForumUser7 said:

Bridlington1 said:

It seems the new year has made Leek BS's technical systems become rather generous, it says their regular saver has risen from 5% to 30% or 17.25% depending on where you look:

I think it's been fixed - showing 5% at my end  

Still shows as 30% for me, their website is also showing a 90 day notice account paying 50% among other accounts:

Which browser? I'm on Safari. Doubt it'll be honoured unfortunately haha. Would be a nice new year's treat though!

masonic

The mystery has been solved. Someone at Leek left in a link to a dev site by mistake. Some nice accounts over there. I wish I could sign up.

Bridlington1

masonic said:

The mystery has been solved. Someone at Leek left in a link to a dev site by mistake. Some nice accounts over there. I wish I could sign up.

Indeed.

I clicked on the link to the Leek BS regular saver on the first page of this thread at about 5pm and for some reason instead of it sending me to:
https://www.leekbs.co.uk/savings/1saver3/

It redirected me to
https://dev-leekbs.apknowhow.co.uk/savings/1saver3/

happybagger

Gers said:

Chorley BS - email:

We are writing to let you know about a change to our Regular Saver and Seasonal Saver Accounts which will take place from 1st January 2025.

 After listening to feedback from our Members, we will be increasing the monthly subscription that can be paid into the account to £400.00. Backdated monthly deposits are not allowed.

I was in a Chorley branch yesterday discussing their accounts, I don't think the staff were aware at that point. Must have been kept embargoed

gt94sss2

happybagger said:

Gers said:

Chorley BS - email:

We are writing to let you know about a change to our Regular Saver and Seasonal Saver Accounts which will take place from 1st January 2025.

 After listening to feedback from our Members, we will be increasing the monthly subscription that can be paid into the account to £400.00. Backdated monthly deposits are not allowed.

I was in a Chorley branch yesterday discussing their accounts, I don't think the staff were aware at that point. Must have been kept embargoed

I would be surprised. 

I posted this development on the 9 December in the old RS thread at https://forums.moneysavingexpert.com/discussion/comment/81153288/#Comment_81153288

Happy New Year all!