The Top Regular Savers Discussion Thread

alfred64

Bridlington1 said:

~~~~~~NLA 23/4/25 ~~~~~~Melton BS Adcock Regular Saver~~~ Launched 12/3/25
Interest rate: 6.5% gross p.a. variable
Monthly payment: £0-£150 per calendar month
Miss any payments: Yes, miss as many as you wish
Penalty-free withdrawals: Unlimited
Age of applicant: Aged 16 or over
How to open account: Branch only (did previously allow postal applications)
Length of account term: Matures 30/9/2027
Maximum balance: £6,000 plus interest
Deposits on non-working days: Treated as having been received the same day.
Special conditions: Withdrawals can be made to your nominated account by phone or by sending a secure message in online banking.

Impossible to reach £6,000 in the account. I'm expecting notice of interest rate cut soon after cut in bank rate if that happens. They do state these measures are to protect the long term future of the Society.

francoghezzi

alfred64 said:

Bridlington1 said:

~~~~~~NLA 23/4/25 ~~~~~~Melton BS Adcock Regular Saver~~~ Launched 12/3/25
Interest rate: 6.5% gross p.a. variable
Monthly payment: £0-£150 per calendar month
Miss any payments: Yes, miss as many as you wish
Penalty-free withdrawals: Unlimited
Age of applicant: Aged 16 or over
How to open account: Branch only (did previously allow postal applications)
Length of account term: Matures 30/9/2027
Maximum balance: £6,000 plus interest
Deposits on non-working days: Treated as having been received the same day.
Special conditions: Withdrawals can be made to your nominated account by phone or by sending a secure message in online banking.

Impossible to reach £6,000 in the account. I'm expecting notice of interest rate cut soon after cut in bank rate if that happens. They do state these measures are to protect the long term future of the Society.

It's nice reading nothing but positive thoughts on the future. For now I'm enjoying 6.5%, not forgetting that the RS will mature in Sept 2026. 

Bridlington1

alfred64 said:

Bridlington1 said:

~~~~~~NLA 23/4/25 ~~~~~~Melton BS Adcock Regular Saver~~~ Launched 12/3/25
Interest rate: 6.5% gross p.a. variable
Monthly payment: £0-£150 per calendar month
Miss any payments: Yes, miss as many as you wish
Penalty-free withdrawals: Unlimited
Age of applicant: Aged 16 or over
How to open account: Branch only (did previously allow postal applications)
Length of account term: Matures 30/9/2027
Maximum balance: £6,000 plus interest
Deposits on non-working days: Treated as having been received the same day.
Special conditions: Withdrawals can be made to your nominated account by phone or by sending a secure message in online banking.

Impossible to reach £6,000 in the account. I'm expecting notice of interest rate cut soon after cut in bank rate if that happens. They do state these measures are to protect the long term future of the Society.

Whether they do decide to cut the rate could go either way. They may well decide to cut the rate shortly after a cut in the BOE base rate as you suggest, but then again following the last 3 cuts to the base rate they've left the interest rates on Issues 4, 5 and 6 of their regular saver unchanged so they may choose to do the same again. 

Regardless though if the BOE does announce another cut to the base rate I shall be making another list of regular savers that have announced cuts to the base rate.

Bridlington1

Just a reminder Hanley Economic BS Online Regular Saver (NLA) reduces from 5% to 4.7% from 1/5/25 (tomorrow).

Middle_of_the_Road

Bridlington1 said:

Just a reminder Hanley Economic BS Online Regular Saver (NLA) reduces from 5% to 4.7% from 1/5/25 (tomorrow).

Thanks for the reminder.
I'm contemplating favouring my Cov.FHS2  this month @ 4.8%.
Are there any terms for Hanley on minimum deposit, or missing monthly deposits?

Bridlington1

Usual drill:

Leeds BS Regular Saver (Issue 63) at 4.8% to go NLA shortly. Replaced by Issue 64 at the same rate with a new maturity date of 4/5/27

Bridlington1

Middle_of_the_Road said:

Bridlington1 said:

Just a reminder Hanley Economic BS Online Regular Saver (NLA) reduces from 5% to 4.7% from 1/5/25 (tomorrow).

Thanks for the reminder.
I'm contemplating favouring my Cov.FHS2  this month @ 4.8%.
Are there any terms for Hanley on minimum deposit, or missing monthly deposits?

From the Ts&Cs:

The account must be opened with £1,000.

The minimum balance is £1,000, the maximum balance is £100,000.

A subscription of between £250 and £1,000 should be received each calendar month and you can vary the amount you wish to save. You can make more than one subscription per month providing the maximum subscription is not exceeded. You can make subscriptions by Standing Order, Bank Transfer or Debit Card. Please note Debit Card deposits can be only be made via the Online Portal/Mobile App.

If no subscriptions are made for 3 consecutive months or if 3 or more monthly subscriptions are missed throughout the anniversary year the Society, after giving you 60 days notice of our intention to do so, reserves the right to close the account and either return the balance or transfer it to an Instant Access Account.

You can make 5 withdrawals per tax year (6 April to 5 April) without penalty. All other withdrawals are subject to 30 days loss of interest on the amount withdrawn. Withdrawals will be made to the nominated bank account provided at the time of opening the account. £1,000 must remain in the account following a withdrawal.

https://web.archive.org/web/20231209161548/https://thehanley.co.uk/savings-accounts/

Middle_of_the_Road

Bridlington1 said:

Middle_of_the_Road said:

Bridlington1 said:

Just a reminder Hanley Economic BS Online Regular Saver (NLA) reduces from 5% to 4.7% from 1/5/25 (tomorrow).

Thanks for the reminder.
I'm contemplating favouring my Cov.FHS2  this month @ 4.8%.
Are there any terms for Hanley on minimum deposit, or missing monthly deposits?

From the Ts&Cs:

The account must be opened with £1,000.

The minimum balance is £1,000, the maximum balance is £100,000.

A subscription of between £250 and £1,000 should be received each calendar month and you can vary the amount you wish to save. You can make more than one subscription per month providing the maximum subscription is not exceeded. You can make subscriptions by Standing Order, Bank Transfer or Debit Card. Please note Debit Card deposits can be only be made via the Online Portal/Mobile App.

If no subscriptions are made for 3 consecutive months or if 3 or more monthly subscriptions are missed throughout the anniversary year the Society, after giving you 60 days notice of our intention to do so, reserves the right to close the account and either return the balance or transfer it to an Instant Access Account.

You can make 5 withdrawals per tax year (6 April to 5 April) without penalty. All other withdrawals are subject to 30 days loss of interest on the amount withdrawn. Withdrawals will be made to the nominated bank account provided at the time of opening the account. £1,000 must remain in the account following a withdrawal.

https://web.archive.org/web/20231209161548/https://thehanley.co.uk/savings-accounts/

Thanks, will reduce the deposit to £250 going forward.

friolento

Middle_of_the_Road said:

Bridlington1 said:

Middle_of_the_Road said:

Bridlington1 said:

Just a reminder Hanley Economic BS Online Regular Saver (NLA) reduces from 5% to 4.7% from 1/5/25 (tomorrow).

Thanks for the reminder.
I'm contemplating favouring my Cov.FHS2  this month @ 4.8%.
Are there any terms for Hanley on minimum deposit, or missing monthly deposits?

From the Ts&Cs:

The account must be opened with £1,000.

The minimum balance is £1,000, the maximum balance is £100,000.

A subscription of between £250 and £1,000 should be received each calendar month and you can vary the amount you wish to save. You can make more than one subscription per month providing the maximum subscription is not exceeded. You can make subscriptions by Standing Order, Bank Transfer or Debit Card. Please note Debit Card deposits can be only be made via the Online Portal/Mobile App.

If no subscriptions are made for 3 consecutive months or if 3 or more monthly subscriptions are missed throughout the anniversary year the Society, after giving you 60 days notice of our intention to do so, reserves the right to close the account and either return the balance or transfer it to an Instant Access Account.

You can make 5 withdrawals per tax year (6 April to 5 April) without penalty. All other withdrawals are subject to 30 days loss of interest on the amount withdrawn. Withdrawals will be made to the nominated bank account provided at the time of opening the account. £1,000 must remain in the account following a withdrawal.

https://web.archive.org/web/20231209161548/https://thehanley.co.uk/savings-accounts/

Thanks, will reduce the deposit to £250 going forward.

I have withdrawn my balance bar £1 and will chance no deposits for the next few months to see how they react 

BestSeagull

Aldermore RS issue 1. I didn't notice any restriction on a 13th payment  but the website isn't allowing it. Can anyone clarify please?