The Top Regular Savers Discussion Thread

Bridlington1

Melton BS Adcock Regular Saver at 6.5% appears to have gone to branch opening only. 

Bridlington1

Loughborough BS have launched two regular savers:


Loughborough BS 1 Year Super Saver Account (Local) at 6% (var), £1k min monthly deposit, £2k max monthly deposit. 

Loughborough BS 2 Year Super Saver Account (Local) at 5%, £500 min monthly deposit, £1k max monthly deposit. 


Both accounts allow 1 withdrawal per account year (1st April-31st March) plus closure, are branch/post only and available only to new and existing customers residing in the postcodes LE, DE, NG.

Judging by the way they appear on moneyfacts they seem to have been launched before today so I'm listing them as being launched on 14/4/25 for now.

Kim_13

Bridlington1 said:

Loughborough BS have launched two regular savers:


Loughborough BS 1 Year Super Saver Account (Local) at 6% (var), £1k min monthly deposit, £2k max monthly deposit. 

Loughborough BS 2 Year Super Saver Account (Local) at 5%, £500 min monthly deposit, £1k max monthly deposit. 


Both accounts allow 1 withdrawal per account year (1st April-31st March) plus closure, are branch/post only and available only to new and existing customers residing in the postcodes LE, DE, NG.

Judging by the way they appear on moneyfacts they seem to have been launched before today so I'm listing them as being launched on 14/4/25 for now.

I won’t be opening them as the minimum is too high for the rate (6% is the lowest I’m fully funding anything at), but I find their wording odd. I wonder if they mean existing customers or new customers residing in postcodes LE, DE or NG, although it reads as though you need a qualifying postcode regardless of being an existing customer or not. If that is the case, why not just say residents of LE, DE or NG?

There is an interest poster dated 14/4/25 with them on, so that likely was the launch date - presumably they only issue them when there is a rate change or new account to list.

happybagger

Kim_13 said: it reads as though you need a qualifying postcode regardless of being an existing customer or not. If that is the case, why not just say residents of LE, DE or NG?

Probably as clarification.
To save people like me phoning up or visiting the branch and saying "well I am an existing customer of (nn) years, why would you wish to exclude such a valued customer?" etc etc

shirley999

My Zopa autosave to my regular saver failed to be taken from my Halifax account yesterday, although funds were available.  I understand now that it’s meant to be taken through ‘open banking’.  After it failed, Zopa said I should set up a payment manually.  I tried to do so myself through open banking but this failed also, so presume the same issue caused the autosave to fail; I got an error message with a link but it doesn’t directly interpret the cause of the error.  I’ve since made a BACS payment, but then I had to move it to the correct rainy day saver pot.  I remember reading on here that this happened to someone else, but can’t now find that post to quote it.  Wondering if anyone has any insight into what may be causing this, as Halifax and Zopa aren’t any help, so far.

allegro120

Bridlington1 said:

Loughborough BS have launched two regular savers:


Loughborough BS 1 Year Super Saver Account (Local) at 6% (var), £1k min monthly deposit, £2k max monthly deposit. 

Loughborough BS 2 Year Super Saver Account (Local) at 5%, £500 min monthly deposit, £1k max monthly deposit. 


Both accounts allow 1 withdrawal per account year (1st April-31st March) plus closure, are branch/post only and available only to new and existing customers residing in the postcodes LE, DE, NG.

Judging by the way they appear on moneyfacts they seem to have been launched before today so I'm listing them as being launched on 14/4/25 for now.

It says on the website that you can open them in branch or by post.  I called my nearest branch and has been told that you can only open it in branch, so I've made an appointment for next Tuesday.

Dizzycap

allegro120 said:

Bridlington1 said:

Loughborough BS have launched two regular savers:


Loughborough BS 1 Year Super Saver Account (Local) at 6% (var), £1k min monthly deposit, £2k max monthly deposit. 

Loughborough BS 2 Year Super Saver Account (Local) at 5%, £500 min monthly deposit, £1k max monthly deposit. 


Both accounts allow 1 withdrawal per account year (1st April-31st March) plus closure, are branch/post only and available only to new and existing customers residing in the postcodes LE, DE, NG.

Judging by the way they appear on moneyfacts they seem to have been launched before today so I'm listing them as being launched on 14/4/25 for now.

It says on the website that you can open them in branch or by post.  I called my nearest branch and has been told that you can only open it in branch, so I've made an appointment for next Tuesday.

That's very strange, as there's a downloadable print off form available on the Loughborough website for the BS 1 Year Super Saver (local) @ 6% (var) to send through the post? 🤔I printed it off directly this morning with no problems. Will have to wait and see if there's any opening issues via postal application, but I doubt it!

allegro120

Dizzycap said:

allegro120 said:

Bridlington1 said:

Loughborough BS have launched two regular savers:


Loughborough BS 1 Year Super Saver Account (Local) at 6% (var), £1k min monthly deposit, £2k max monthly deposit. 

Loughborough BS 2 Year Super Saver Account (Local) at 5%, £500 min monthly deposit, £1k max monthly deposit. 


Both accounts allow 1 withdrawal per account year (1st April-31st March) plus closure, are branch/post only and available only to new and existing customers residing in the postcodes LE, DE, NG.

Judging by the way they appear on moneyfacts they seem to have been launched before today so I'm listing them as being launched on 14/4/25 for now.

It says on the website that you can open them in branch or by post.  I called my nearest branch and has been told that you can only open it in branch, so I've made an appointment for next Tuesday.

That's very strange, as there's a downloadable print off form available on the Loughborough website for the BS 1 Year Super Saver (local) @ 6% (var) to send through the post? 🤔I printed it off directly this morning with no problems. Will have to wait and see if there's any opening issues via postal application, but I doubt it!

Yes, I suspect the advice I was given was incorrect.  However, given the circumstances it should be quicker for me to open in branch.  I have no working printer and forthcoming 4 days of Easter break could delay the process. Luckily I'm only 8 miles away from the branch.

Last time (Holiday Monthly Saver 5.6%) I've asked them to send me the form, scanned it and sent by e-mail together with pictures of ID - that worked, took only 6 days (incl. weekend) for the account to be opened.  I'm not sure if e-mail application would work for 1 Year Super Saver, but this could be the quickest way.

Bigwheels1111

shirley999 said:

My Zopa autosave to my regular saver failed to be taken from my Halifax account yesterday, although funds were available.  I understand now that it’s meant to be taken through ‘open banking’.  After it failed, Zopa said I should set up a payment manually.  I tried to do so myself through open banking but this failed also, so presume the same issue caused the autosave to fail; I got an error message with a link but it doesn’t directly interpret the cause of the error.  I’ve since made a BACS payment, but then I had to move it to the correct rainy day saver pot.  I remember reading on here that this happened to someone else, but can’t now find that post to quote it.  Wondering if anyone has any insight into what may be causing this, as Halifax and Zopa aren’t any help, so far.

I had this last month and commented on here about it.

First month Feb no issue.

March, nothing, called and was told err we don't know but April looks fine.

So make a manual payment to fund it, so i did at 14.00pm.

At 16.00pm they took £300 from my bank. Taking me into my overdraft.

Took the money back, not a major issue.

April went ok, but I check every 6th of the month.

Kim_13

allegro120 said:

Dizzycap said:

allegro120 said:

Bridlington1 said:

Loughborough BS have launched two regular savers:


Loughborough BS 1 Year Super Saver Account (Local) at 6% (var), £1k min monthly deposit, £2k max monthly deposit. 

Loughborough BS 2 Year Super Saver Account (Local) at 5%, £500 min monthly deposit, £1k max monthly deposit. 


Both accounts allow 1 withdrawal per account year (1st April-31st March) plus closure, are branch/post only and available only to new and existing customers residing in the postcodes LE, DE, NG.

Judging by the way they appear on moneyfacts they seem to have been launched before today so I'm listing them as being launched on 14/4/25 for now.

It says on the website that you can open them in branch or by post.  I called my nearest branch and has been told that you can only open it in branch, so I've made an appointment for next Tuesday.

That's very strange, as there's a downloadable print off form available on the Loughborough website for the BS 1 Year Super Saver (local) @ 6% (var) to send through the post? 🤔I printed it off directly this morning with no problems. Will have to wait and see if there's any opening issues via postal application, but I doubt it!

Yes, I suspect the advice I was given was incorrect.  However, given the circumstances it should be quicker for me to open in branch.  I have no working printer and forthcoming 4 days of Easter break could delay the process. Luckily I'm only 8 miles away from the branch.

Last time (Holiday Monthly Saver 5.6%) I've asked them to send me the form, scanned it and sent by e-mail together with pictures of ID - that worked, took only 6 days (incl. weekend) for the account to be opened.  I'm not sure if e-mail application would work for 1 Year Super Saver, but this could be the quickest way.

I didn’t see anything to suggest that email applications were accepted this time whereas it was clearly stated before. I suspect that as they have heavily restricted these accounts (existing customer or local is more common) email isn’t necessary. I’d guess they got more email applications for Holiday Monthly than any other type - if you were local, it saved the wait for the appointment and any travel expenses in attending and if you weren’t, it saved the postage. As a result, I (and probably others too) opened it speculatively and only expect to pay in the maximum two or three times during the term, so not really worth it for them for the £3 and some odd pence currently in it.

I’ve always been curious about branch openings, but as the only building societies with a local branch for me are Coventry or Nationwide, it’s always been possible or required to open online. Do societies allow you to hand in a completed application at a counter and either process it for you or forward it to the correct department, or do you always have to have an appointment and they go through the application with you?