The Top Regular Savers Discussion Thread

flaneurs_lobster

devansuk said:

Has anyone done the natwest digital saver round up trick? Could they close your savings account or is it just frowned upon. Thanks All

Since the recent "upgrade" that allows X5 roundup I've been sending a penny between a couple of PayPal accounts once or twice a day, payment from my linked NatWest debit card. No other activity on this card.

Probably could go mad and do 99 payments in a day (think that's the max allowed) but think that falls under the "Taking The P1ss" clause in the T&Cs. Not sure how PP might react too.

I wouldn't worry too much, if RBS/NatWest were to start sanctioning people for this then it would be reported on here pretty quickly.

pecunianonolet

flaneurs_lobster said:

devansuk said:

Has anyone done the natwest digital saver round up trick? Could they close your savings account or is it just frowned upon. Thanks All

Since the recent "upgrade" that allows X5 roundup I've been sending a penny between a couple of PayPal accounts once or twice a day, payment from my linked NatWest debit card. No other activity on this card.

Probably could go mad and do 99 payments in a day (think that's the max allowed) but think that falls under the "Taking The P1ss" clause in the T&Cs. Not sure how PP might react too.

I wouldn't worry too much, if RBS/NatWest were to start sanctioning people for this then it would be reported on here pretty quickly.

It depends how you use your Paypal account. If the only payments are the penny transactions it is much riskier but if you use your Paypal account more frequently and for other transactions and also with other cards it is easier. Still, if you plan to do 99 transactions, spread them out 10-15 or so at a time and leave some breaks in between. It could trigger fraud checks and you need to give a reason and justify what the transactions are for (had that once) and it was resolved within 20 minutes without any support involvement. 

Much more complicated if you plan on doing 99 for Natwest and 99 for RBS in one day...

WillPS

A 1p debit card transaction anywhere will cost the merchant more than 1p. Tread carefully as the merchant would be entirely within their rights to tell you to do one if you take the mickey.

On the contrary, the transaction itself won't cost the card issuer anything (infact they might even earn a minute amount on it, although I'd suspect that's highly likely to be rounded out).

It's PayPal who I'd expect to kick up a stink here, not NatWest/RBS.

flaneurs_lobster

WillPS said:

It's PayPal who I'd expect to kick up a stink here, not NatWest/RBS.

Agreed, I don't use PayPal for anything else (bar a couple of direct debits that are never drawn on) so being kicked off would be no big deal, might well be problematic for others.

Bob2000

allegro120 said:

devansuk said:

Has anyone done the natwest digital saver round up trick? Could they close your savings account or is it just frowned upon. Thanks All

Yes, I've made a lot of £1.01 payments for double roundups. They won't close your account for doing this - roundups don't violate the t&c, on the contrary - Natwest/RBS encourage customers to use roundups. 

I was planning of buying a few carrots for pennies over 4-5 days during my lunch break and using the 5× round-up  which only recently  l discovered. Does anybody think I'll  get a block on the account?
I don't want to push my luck. 

Bob2000

Bob2000 said:

allegro120 said:

devansuk said:

Has anyone done the natwest digital saver round up trick? Could they close your savings account or is it just frowned upon. Thanks All

Yes, I've made a lot of £1.01 payments for double roundups. They won't close your account for doing this - roundups don't violate the t&c, on the contrary - Natwest/RBS encourage customers to use roundups. 

I was planning of buying a few carrots for pennies over 4-5 days during my lunch break and using the 5× round-up  which only recently  l discovered. Does anybody think I'll  get a block on the account?
I don't want to push my luck. 

Also  l don't really use the account  only got it for the Regular saver tbh.

Bridlington1

Bob2000 said:

allegro120 said:

devansuk said:

Has anyone done the natwest digital saver round up trick? Could they close your savings account or is it just frowned upon. Thanks All

Yes, I've made a lot of £1.01 payments for double roundups. They won't close your account for doing this - roundups don't violate the t&c, on the contrary - Natwest/RBS encourage customers to use roundups. 

I was planning of buying a few carrots for pennies over 4-5 days during my lunch break and using the 5× round-up  which only recently  l discovered. Does anybody think I'll  get a block on the account?
I don't want to push my luck. 

I'd be surprised if they had any objections to you buying a few carrots to be honest. They could block your card for any number of reasons, I seem to recall getting a credit card blocked after I spent 1p on a SIM only deal at one point, it was quickly unblocked.

Bob2000 said:

Bob2000 said:

allegro120 said:

devansuk said:

Has anyone done the natwest digital saver round up trick? Could they close your savings account or is it just frowned upon. Thanks All

Yes, I've made a lot of £1.01 payments for double roundups. They won't close your account for doing this - roundups don't violate the t&c, on the contrary - Natwest/RBS encourage customers to use roundups. 

I was planning of buying a few carrots for pennies over 4-5 days during my lunch break and using the 5× round-up  which only recently  l discovered. Does anybody think I'll  get a block on the account?
I don't want to push my luck. 

Also  l don't really use the account  only got it for the Regular saver tbh.

Have you got their reward account yet? If not I would open it. They give you £5/mth (though charge a £2 monthly fee, for paying out 2 DDs and logging into the app each month.

The £5/mth in rewards can be paid into the regular saver without it counting to the £150/mth limit.

s71hj

WillPS said:

A 1p debit card transaction anywhere will cost the merchant more than 1p. Tread carefully as the merchant would be entirely within their rights to tell you to do one if you take the mickey.

On the contrary, the transaction itself won't cost the card issuer anything (infact they might even earn a minute amount on it, although I'd suspect that's highly likely to be rounded out).

It's PayPal who I'd expect to kick up a stink here, not NatWest/RBS.

I do a lot of debit card transactions for tsb cashback and tend to spread them across various eg trading 21, Yorkshire bs, Skipton bs, hanley bs, Cambridge bs, Darlington bs and a number of others. Stops any one of them getting biffy with me!

Bridlington1

I have now updated the list of regular savers which have responded to the previous cut from 4.75% to 4.5% on 6/2/25. This list shall no longer be maintained following the Bank of England's decision to maintain the Base Rate at 4.5%.

The following banks and building societies that offer variable rate regular savers have not declared what they are doing to their regular savers following February's decision:

Aldermore

Chorley BS

Gatehouse

Hanley Economic BS

Market Harborough BS

Nationwide

Note a link to the list remains on the first page of the Archived Thread for future reference.

Additionally just a reminder that the Leeds BS interest rate cuts come into effect tomorrow. Of note:

Account	Old rate	New rate	Date
Leeds BS Home Deposit Saver Issues 1 & 2	5.05%	4.90%	21/03/25
Leeds BS Regular Saver (Issues 40, 41, 42, 43, 44,  45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 56, 57, 59 & 60)	4.95%	4.80%	21/03/25
Leeds BS Regular Saver Issue 55 & 58	5.10%	4.95%	21/03/25

surreysaver

devansuk said:

Has anyone done the natwest digital saver round up trick? Could they close your savings account or is it just frowned upon. Thanks All

I've only got another two and a half months before I get my NatWest and RBS accounts up to £5k, so probably not worth me bothering