The Top Regular Savers Discussion Thread

[Deleted User]

My First Direct regular saver matured yesterday, I was awaiting the 'disappearance' of the money and a 5 day wait.

Very pleasantly surprised that I've been able to get all the money today!

Bridlington1

surreysaver said:

PowerSavingMode said:

surreysaver said:

Bridlington1 said:

surreysaver said:

Speculator said:

Melton Adcock Regular Saver

Posted my application on Wednesday, account showing online this morning with zero balance.

Didn't realise you'd be able to see it online. Thought it was all managed offline. I might pop up and open an account then, I wasn't going to bother as I'd thought there was no online visibility 

It's also worth noting as well that you can make withdrawals from Melton's regular savers over the phone. IIRC when I made a withdrawal from one of their accounts last year the funds took a day or so to arrive in my nominated account.

Do you know whether I'd be able to withdraw online from Melton's Aldcock?

The product literature says: "you can make withdrawals from your account without notice or penalty, by visiting a branch of the Society or by sending us your passbook and written instructions to us. You can also transfer funds from your account to a nominated bank or building society account."

I presume that means you can either message (online?) Melton with your withdrawal instructions...

That's the trouble with presumptions. It says nothing about online visibility, but you have to manage it by post or in person. Another poster says they can see the account online. So it all starts to become a bit vague. That's why I'm asking!

All I can do in this case is relay my own experience with Melton BS.

I can confirm that last year I phoned them to make a withdrawal from my Melton RS Issue 4 and they sent the funds to my nominated bank account despite that account being advertised as branch/post, in that respect it's not too dissimilar to the way Leeds BS allows withdrawals over the phone.

Whilst I can view my Melton BS regular savers online I couldn't see an option in online banking to make a withdrawal when I tried last year unless I've missed it. I can't recall ever sending them a secure message online to make a withdrawal though so do not know if this is possible.

I'll be needing to make a withdrawal from Melton next month anyway to feed other regular savers so shall attempt to schedule a withdrawal by faster payment by secure message.

where_are_we

granta said:

Saffron Small Saver 

Mine matured a few days ago into an Instant Access account but I can't find a way to withdraw funds. For all my other Saffron accounts, there is a 'Transfer money' link, but that doesn't exist for this one. 
What are my options?

I requested to close my Small Saver by secure message to my nominated account and was impressed to receive the money the next day. The 4.7% rate for a new Small Saver does not impress me.

granta

10_66 said:

granta said:

Saffron Small Saver 

Mine matured a few days ago into an Instant Access account but I can't find a way to withdraw funds. For all my other Saffron accounts, there is a 'Transfer money' link, but that doesn't exist for this one. 
What are my options?

I had the same experience with my 12 Month Members Regular Saver yesterday morning.  After logging on and finding that there was no option to make a payment or transfer, I rang them and they said the Maturity Easy Access is "view" online only, you're not able to transfer or make payments yourself from this account.  The agent took my instructions over the phone, and the funds were in my linked bank account within a couple of hours. 

Thanks to everyone who replied about my Saffron query. I hadn't realised it as a view only account. I'll send them a message tomorrow to resolve. 

Kim_13

where_are_we said:

granta said:

Saffron Small Saver 

Mine matured a few days ago into an Instant Access account but I can't find a way to withdraw funds. For all my other Saffron accounts, there is a 'Transfer money' link, but that doesn't exist for this one. 
What are my options?

I requested to close my Small Saver by secure message to my nominated account and was impressed to receive the money the next day. The 4.7% rate for a new Small Saver does not impress me.

The Small Saver hasn’t really warranted funding since it became a variable rate account, since it was never table topping in the first place and always responds to a cut. I let mine mature having drawn it down to minimum and it sits there for membership purposes - it qualified me for the Members Month Offerings as I’ve had the same account number since I originally opened it as a fixed rate 2% version back in early 2022. 

liamcov

Does the Santander monthly saver renew after the year - ie. another 1 year fixed term at 5% starts?

allegro120

liamcov said:

Does the Santander monthly saver renew after the year - ie. another 1 year fixed term at 5% starts?

They automatically renew monthly saver if you have an active standing order set up from your Santander current account.

Bridlington1

Just a reminder the Penrith BS interest rate cuts come into effect tomorrow. Of note:

Account	Old rate	New rate	Date
Penrith BS Junior Affinity Regular Saver	4.70%	NO CHANGE	17/03/25
Penrith BS Regular Saver 200	4.00%	NO CHANGE	17/03/25
Penrith BS Regular Saver 200 Issue 2	5.00%	NO CHANGE	17/03/25
Penrith BS Regular Saver 300	6.00%	5.00%	17/03/25

Dizzycap

For those who hold the Club Lloyds RS @ 6.25%, any associated Club Lloyds Current Account fee is increasing from £3 to £5 per month from 2nd June, 2025. Usual waiver of acct fee for £2,000 or more credit. Credit amount has not changed for the fee to be waivered.

surreysaver

Bridlington1 said:

surreysaver said:

PowerSavingMode said:

surreysaver said:

Bridlington1 said:

surreysaver said:

Speculator said:

Melton Adcock Regular Saver

Posted my application on Wednesday, account showing online this morning with zero balance.

Didn't realise you'd be able to see it online. Thought it was all managed offline. I might pop up and open an account then, I wasn't going to bother as I'd thought there was no online visibility 

It's also worth noting as well that you can make withdrawals from Melton's regular savers over the phone. IIRC when I made a withdrawal from one of their accounts last year the funds took a day or so to arrive in my nominated account.

Do you know whether I'd be able to withdraw online from Melton's Aldcock?

The product literature says: "you can make withdrawals from your account without notice or penalty, by visiting a branch of the Society or by sending us your passbook and written instructions to us. You can also transfer funds from your account to a nominated bank or building society account."

I presume that means you can either message (online?) Melton with your withdrawal instructions...

That's the trouble with presumptions. It says nothing about online visibility, but you have to manage it by post or in person. Another poster says they can see the account online. So it all starts to become a bit vague. That's why I'm asking!

All I can do in this case is relay my own experience with Melton BS.

I can confirm that last year I phoned them to make a withdrawal from my Melton RS Issue 4 and they sent the funds to my nominated bank account despite that account being advertised as branch/post, in that respect it's not too dissimilar to the way Leeds BS allows withdrawals over the phone.

Whilst I can view my Melton BS regular savers online I couldn't see an option in online banking to make a withdrawal when I tried last year unless I've missed it. I can't recall ever sending them a secure message online to make a withdrawal though so do not know if this is possible.

I'll be needing to make a withdrawal from Melton next month anyway to feed other regular savers so shall attempt to schedule a withdrawal by faster payment by secure message.

I don't mind the odd account that involves faff! I'll have Nottinghamshire regular savers as it's easy for me to get to a branch. So I'll do the same with Melton - Grantham just happens to have a branch of each opposite each other!
I suppose as the Alcock has a long shelf life it's probably one worth having