The Top Regular Savers Discussion Thread

SJMALBA

Section62 said:

friolento said:

jaypers said:

Section62 said:

Is the Coventry Building Society 'Loyalty Regular Saver 3' @5% a new one, or have I just missed it before?

Edit:

Variable rate

£250/month max

Account opening date monthly basis

30 days interest penalty for withdrawals (applies to the amount withdrawn)

Wasn’t aware of this but looks pretty poor value……variable interest rate and it’s only 5% for ‘loyalty’ plus the penalty to withdraw. Pass from me. 

Thanks Section62 for the heads up.

It is definitely better value than a 4.6% easy access for my surplus funds.

Yes, I was thinking the same, but the withdrawal penalty is a bit offputting unless Coventry waive it if you close the account because they reduce the interest rate.

I think I'll wait until 1st May to open though, to avoid the faff of remembering to fund the account on the 22nd of each month.  If the account is NLA by then I think I'll be able to cope with the loss.

From CBS' Saving Accounts Terms and Conditions booklet (section 4), referenced in the Summary Box for this account:

MSE_Stephen

Hi everyone

We've moved some posts to Why has page 1 disappeared?

Bigwheels1111

Re Principality, 1 Year Triple Access Regular Saver (Online).

Interest on maturity ie 18/04/25 for me and others.

No interest was paid.

I made a call to Principality today and a call back after some clarification.

With this account interest is paid once a year on the 01/01/2025.

Unlike most reg saver accounts where the rest of the interest is paid on maturity this moves to an easy access

and retains the annual interest payment.

Closing the easy access generates the interest owed at that point.

SO on the 01/01/25 £10.77 interest & £9.18 interest today. Total of £19.95.

Hope this saves a few calls to Principality and a lot of time wasted on hold.

Thanks to Harriet at Principality for all your help.

gt94sss2

Just had a quick search and couldn't find this one listed.

https://www.coventrybuildingsociety.co.uk/member/product/savings/regular_saver/loyalty-regular-saver-3.html

12 month term, 5% variable
Must have joined Coventry before 1 Jan 25.
30 days notice

csw5780

gt94sss2 said:

Just had a quick search and couldn't find this one listed.

https://www.coventrybuildingsociety.co.uk/member/product/savings/regular_saver/loyalty-regular-saver-3.html

12 month term, 5% variable
Must have joined Coventry before 1 Jan 25.
30 days notice

Also a prize draw!

https://www.coventrybuildingsociety.co.uk/content/dam/cbs/member/pdfs/savings/specific-terms/specific-terms-for-loyalty-regular-saver-3.pdf

allegro120

Dizzycap said:

masonic said:

Kim_13 said:

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.

This is what I see on the "How to Apply" tab:

Yes, that's what I did. Downloaded, completed, scanned & sent with usual ID doc scans via email. I should hear something tomorrow morning either way

Loughborough Super Saver
How did it go, how long did it take for your account to be opened?  I've made branch appointment on 15th April for today, account is now opened.  Just wondering if I could've get it opened quicker if I used e-mail option.

where_are_we

New Coventry Loyalty RS (3) @5% variable. Withdrawals are penalised so only useful as a RS fixed term savings account. You are able to have one of these RS (3) alongside other Coventry Loyalty RS`s of a different issue. The question is - if they reduce the variable interest rate are you able to close the account without loss of interest?

Remember that this is not a monthly calendar RS like most RS`s but a monthly anniversary RS so only 12 monthly payments on the anniversary of opening the account.

If you have filled all the better paying RS`s, then it is worth considering provided you are not locked in if they reduce the rate.

flaneurs_lobster

where_are_we said:

The question is - if they reduce the variable interest rate are you able to close the account without loss of interest?

The question is - answered in this post from yesterday on this thread

https://forums.moneysavingexpert.com/discussion/comment/81413172/#Comment_81413172

HHUK

I've lobbed £100 into a new Coventry Loyalty Regular Saver (3), purely to gain entry to the prize draw. Only has to sit there for less than two months with it being a one-off draw, and seems worth losing a minuscule amount of interest to be in with a chance. I was lucky just before Christmas in their Sunny Day Saver draw, so am hoping lightning may strike twice. Thanks to whoever first mentioned the Regular Saver (3) here. 

Speculator

HHUK said:

I've lobbed £100 into a new Coventry Loyalty Regular Saver (3), purely to gain entry to the prize draw. Only has to sit there for less than two months with it being a one-off draw, and seems worth losing a minuscule amount of interest to be in with a chance. I was lucky just before Christmas in their Sunny Day Saver draw, so am hoping lighting may strike twice. Thanks to whoever first mentioned the Regular Saver (3) here. 

Going to do the same and probably close it as soon as the draw finishes. Even if they charge you the 30 days penalty, it's only 41p to withdraw the £100.