The Top Regular Savers Discussion Thread

FishInGlass

Middle_of_the_Road said:

Kim_13 said:

Just tried to part pay January’s Skipton RS payment via Debit Card and it rejects it saying the amount is greater than the maximum allowed. I’m sure I’ve managed to do it before when the 1st was a non-working day, but it must be because the monthly allowance hasn’t reset yet.

I knew an internal transfer wouldn’t work (the remainder of the £250 is waiting in an EA.)

Seems they're having issues today. Internal transfer also failed for me, with the same message.

Skipton internal transfer just accepted for me now but with the message that it will be processed tomorrow as today is a non working day or words to that effect.

Kim_13

Middle_of_the_Road said:

Kim_13 said:

Just tried to part pay January’s Skipton RS payment via Debit Card and it rejects it saying the amount is greater than the maximum allowed. I’m sure I’ve managed to do it before when the 1st was a non-working day, but it must be because the monthly allowance hasn’t reset yet.

I knew an internal transfer wouldn’t work (the remainder of the £250 is waiting in an EA.)

Seems they're having issues today. Internal transfer also failed for me, with the same message.

I’ve just successfully made the payment via Debit Card. They pay interest from the third working day after paying in, which will be Monday. Had I had to wait until tomorrow to make the payment, that would be Tuesday.

From previous experience an internal transfer never works on a non-working day, and as a payment is not treated as received until the next working day, transferring from a Skipton EA on a non-working day would mean a loss of interest. Whereas with a Debit Card, the money was not earning anything in my current account anyway, counts towards the required spend on the card and means it can earn interest a day sooner.

I will internal transfer the remainder tomorrow so that it is treated as received immediately.

They do however allow the opening of accounts on a non-working day, which I have done to make sure an account didn’t go NLA in the interim. The funding window allows funding on a working day if not depositing by card.

Kim_13

happybagger said:

I only have the 31/03/26 version but by putting in £250 pm I will not be able to comply with the terms "must deposit between £10 and £250 per month" as in doing so will fall foul of the upper limit of £3750 once a March 2026 deposit is made. 16 months at £250 is £4k.

They need to sort their terms out.

I only have the 30/11/25, which I applied for in September when their stated maximum was £3k. A forumite contacted them as the upper limit did not allow a £250 contribution in each month and they subsequently increased it to £3,750. It might be that they will increase it to £4,000 following an enquiry from anyone who opened and funded the account in December. £3,750 is fine for anyone opening the account today onwards.

I could not afford to fully fund both if their systems would allow it, so did not consider it worth the faff of having to do £10 and £240 each month for the bulk to be earning 6% fixed for 4 months longer. I am more optimistic about the rates that will be available come 30/11/25 than I would have been about those on 30/11/24 twelve months ago. Inflation is rising so we won’t see the base rate falling as quickly as it rose.

happybagger

chris_the_bee said:

happybagger said:

I only have the 31/03/26 version but by putting in £250 pm I will not be able to comply with the terms "must deposit between £10 and £250 per month" as in doing so will fall foul of the upper limit of £3750 once a March 2026 deposit is made. 16 months at £250 is £4k.

They need to sort their terms out.

Market Harborough
Their terms do state "maximum deposit of £250 per month not exceeding the maximum balance of £3,750."
15 payments Jan 2025 to March 2026 inclusive.

I opened it in December 2024 = 16 payments

EDIT: Sorry I posted this reply before reading all responses (Bobblehat and Kim_13) that understood the discrepancy.

I don't intend to raise it with them. I'll pay through to March 26 and see what happens.

dcs34

masonic said:

AndyTh_2 said:

dcs34 said:

ForumUser7 said:

Coventry Loyalty Seasonal Saver

Those looking to have this account run by calendar month, (i.e. from the 1st of each month), a reminder that today is the day to open/refresh.

I tried this but got the following error message:

> Sorry, we are currently unable to close your account online. This may be because your account:

- is not eligible to close online

- has no existing eligible payees to receive the closing balance

- is currently awaiting uncleared funds e.g. an uncleared cheque

- is an ISA or a penalty based account opened within the last 14 days

- may have a negative balance

- needs both account holders to sign to close the account

I tried opening an easy access saver (just so it had somewhere obvious to pay the funds to) and adding this as a payee (which required setting up a bogus future payment, but this didn't seem to resolve the issue. Might try again later, not the end of the world if it doesn't happen of course.

Same for me too. I was otherwise just going to skip a January payment for subsequent payments to start 1st Feb

Did you make a payment in December? Could it be that funded accounts cannot be closed online?

Coventry Loyalty Seasonal Regular Saver (Refreshing for 1st Month Payment Dates)
I did fund it when I opened it, and from your comment it seems you didn't and therefore could renew? Oh well, I can't be bothered faffing with closing one account now and risking another one, or having hassle trying to get back the 30D interest deduction...will just skip this month and start again from 1st Feb.

masonic

dcs34 said:

masonic said:

AndyTh_2 said:

dcs34 said:

ForumUser7 said:

Coventry Loyalty Seasonal Saver

Those looking to have this account run by calendar month, (i.e. from the 1st of each month), a reminder that today is the day to open/refresh.

I tried this but got the following error message:

> Sorry, we are currently unable to close your account online. This may be because your account:

- is not eligible to close online

- has no existing eligible payees to receive the closing balance

- is currently awaiting uncleared funds e.g. an uncleared cheque

- is an ISA or a penalty based account opened within the last 14 days

- may have a negative balance

- needs both account holders to sign to close the account

I tried opening an easy access saver (just so it had somewhere obvious to pay the funds to) and adding this as a payee (which required setting up a bogus future payment, but this didn't seem to resolve the issue. Might try again later, not the end of the world if it doesn't happen of course.

Same for me too. I was otherwise just going to skip a January payment for subsequent payments to start 1st Feb

Did you make a payment in December? Could it be that funded accounts cannot be closed online?

Coventry Loyalty Seasonal Regular Saver (Refreshing for 1st Month Payment Dates)
I did fund it when I opened it, and from your comment it seems you didn't and therefore could renew? Oh well, I can't be bothered faffing with closing one account now and risking another one, or having hassle trying to get back the 30D interest deduction...will just skip this month and start again from 1st Feb.

Yes, I followed Bridlington's helpful suggestion to open speculatively and leave unfunded until yesterday so that I could fund it if the account was pulled or refresh if still available.

Archerychick

Principality Xmas Regular Saver 

I opened this in December and funded with £125, yesterday I sent another £125 as it’s a new calendar month but this has been returned.

Has anyone else had problems or know why this might be? 

francoghezzi

Archerychick said:

Principality Xmas Regular Saver 

I opened this in December and funded with £125, yesterday I sent another £125 as it’s a new calendar month but this has been returned.

Has anyone else had problems or know why this might be? 

I sent my deposit of £125 yesterday and it appeared on line after a few minutes without any problems. I strongly suggest to call them this morning: they are always very helpful and professional in dealing with customers. 0330 333 4000 their number, open to the public from 9.30 am

Archerychick

francoghezzi said:

Archerychick said:

Principality Xmas Regular Saver 

I opened this in December and funded with £125, yesterday I sent another £125 as it’s a new calendar month but this has been returned.

Has anyone else had problems or know why this might be? 

I sent my deposit of £125 yesterday and it appeared on line after a few minutes without any problems. I strongly suggest to call them this morning: they are always very helpful and professional in dealing with customers. 0330 333 4000 their number, open to the public from 9.30 am

Ok thank you. My funds have gone into the 6 month reg saver ok so it is odd. 

Edit - I've just noticed what's happened. I am sending money from FD Currect and the payment reference is showing as the same payment reference as the 6 month reg saver. Looks like somehow the xmas reg saver ref was over written & that's what was sent through hence why they've rejected it.

I've resent the payment direct from my savings account, and I'll send it from there going forward.

Chadsman

Re refreshing Coventry Loyalty Seasonal Saver...
The account T&Cs say penalty free withdrawals can be made from 1st November 2025 which suggests the interest rate will drop from that date. I opened my account immediately it was launched on 20th December. How I view the account month issue is that I have the right to make a deposit from 20th of a month but not an obligation, I am perfectly free to delay funding until 1st of the following month. So there is no real benefit to refreshing the account.
Of course my supposition about the rate being cut from 1/11/25 may prove to be false, but I have the funds available and a bird in the hand...