The Top Regular Savers Discussion Thread

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Comments

  • happybagger
    happybagger Posts: 1,012 Forumite
    Eighth Anniversary 500 Posts Name Dropper Combo Breaker
    Section62 said:
    I have a stack of BS passbooks which have never returned to be updated since the day they were issued.
    I preferred it when a BS would punch a hole in it or stamp it "cancelled"; you can guarantee the current approach means that for decades to come family members will be finding old passbooks with what appears to be a "live" account asking on forums how to find out what happened to it, only to be disappointed.
  • Kim_13
    Kim_13 Posts: 3,190 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    happybagger said:
    Section62 said:
    I have a stack of BS passbooks which have never returned to be updated since the day they were issued.
    I preferred it when a BS would punch a hole in it or stamp it "cancelled"; you can guarantee the current approach means that for decades to come family members will be finding old passbooks with what appears to be a "live" account asking on forums how to find out what happened to it, only to be disappointed.
    I tear mine up, recycle the paper and shred the part with my name on it. Should anything happen to me, the only books that will be found are live - but some with minimum balance plus interest thereupon so those will still be a disappointment!
  • subjecttocontract
    subjecttocontract Posts: 2,555 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 22 March at 9:05PM
    My aim in life is to ensure that not to many people will be disappointed at my passing.
  • Foxhouse
    Foxhouse Posts: 38 Forumite
    10 Posts Photogenic First Anniversary
    If this has been posted before, apologies.

    Have just noticed that the Nat West Digital Regular Saver now offers roundups x3, x4 and x5 as well as the previous x1 and x2. Haven't noticed any restrictions on amounts either.
  • trickydicky14
    trickydicky14 Posts: 1,195 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Foxhouse said:
    If this has been posted before, apologies.

    Have just noticed that the Nat West Digital Regular Saver now offers roundups x3, x4 and x5 as well as the previous x1 and x2. Haven't noticed any restrictions on amounts either.
    Thanks, it was changed a few months back and it's helped me build up my account some what.
    I choose the rooms that I live in with care,
    The windows are small and the walls almost bare,
    There's only one bed and there's only one prayer;
    I listen all night for your step on the stair.
  • ChewyyBacca
    ChewyyBacca Posts: 335 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    edited 24 March at 9:01PM
    Leeds Home Deposit Saver RS is now 4.9% since 21 Mar. I read its product info page, it does not mention what is the minimum monthly amount, nor does it explicitly say if you can skip payments. It does mention min £100 operating balance.
    I dont want to add any more money into it at 4.9%, but also dont want to close the account at the moment.

    Any thoughts on this?
  • Hattie627
    Hattie627 Posts: 278 Forumite
    100 Posts Second Anniversary Name Dropper
    ChewyyBacca said:
    Leeds Home Deposit Saver RS is now 4.9% since 21 Mar. I read its product info page, it does not mention what is the minimum monthly amount, nor does it explicitly say if you can skip payments. It does mention min £100 operating balance.
    I dont want to add any more money into it at 4.9%, but also dont want to close the account at the moment.

    Any thoughts on this?
    I have always operated on the basis that, unless there is stated to be a specific penalty for missing one, or perhaps more than one, monthly payments, there is no requirement to make a payment every month. A typical example of such a term would be a stipulation that the account will be closed, or be changed into an easy access account at a  lower interest rate, if (eg) three monthly payments are missed.
  • Bridlington1
    Bridlington1 Posts: 3,446 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    ChewyyBacca said:
    Leeds Home Deposit Saver RS is now 4.9% since 21 Mar. I read its product info page, it does not mention what is the minimum monthly amount, nor does it explicitly say if you can skip payments. It does mention min £100 operating balance.
    I dont want to add any more money into it at 4.9%, but also dont want to close the account at the moment.

    Any thoughts on this?
    It never states you must make a deposit each month, only that the maximum amount you can deposit per month is £500. I would argue that making a monthly deposit is not necessary as depositing £0 in a particular month still satisfies this term.

    The same is true of their other regular saver, which I've held on and off (different issues) for about 3 years and have frequently skipped monthly deposits without penalty.
  • 10_66
    10_66 Posts: 3,422 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Dizzycap said:
    This might be useful to anyone who is holding:
    Around 7-10 days before your old RS matures, the system will allow you to open a New RS without any issues.
    Mine was due to mature on 6th December and I opened a new RS on the 28th November which was fully funded from my TSB current account on the 29th. I then subsequently changed the automatic set-up monthly deposit date to the beginning of the December onwards, also without issue.

    Looks like this early opening method is no longer possible, I've been trying to do this over the last few days (within the 7-10 days as mentioned above) and it just keeps stating that I can't open it as I already have one.
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