The Top Regular Savers Discussion Thread

csw5780

flaneurs_lobster said:

Just received email

Yorkshire Building Society Loyalty Regular Saver 5.25% variable £250/mth withdraw on 1 day/yr closeable 

https://www.ybs.co.uk/savings/loyalty-savings-accounts?cmpid=eml-YBS-XSELL-Loyal-A&spMailingID=31116827&spUserID=MTE5ODUwOTcyNzYwOQS2&spJobID=2710194063&spReportId=MjcxMDE5NDA2NAS2

Me too. However it launched 22/2 and rate changed 11/3. It’s included on Page 1 and requires membership of min 12 months. 

I presume I had a previous version which has since matured!  Opened 👍🏻

edit

flaneurs_lobster

csw5780 said:

flaneurs_lobster said:

Just received email

Yorkshire Building Society Loyalty Regular Saver 5.25% variable £250/mth withdraw on 1 day/yr closeable 

https://www.ybs.co.uk/savings/loyalty-savings-accounts?cmpid=eml-YBS-XSELL-Loyal-A&spMailingID=31116827&spUserID=MTE5ODUwOTcyNzYwOQS2&spJobID=2710194063&spReportId=MjcxMDE5NDA2NAS2

Me too. However it launched in March. 

Really? Must have been just as exciting then too because I have no recollection of it at all.

Kim_13

mhoc said:

My Monmouthshire exclusive saver matures at the end of August - I think I've got a 13th payment schedules but assume it will bounce back... 
At the moment there seems to be no replacement - just a miserable regular saver paying 3.7% and variable - between now and then there might be 2 more meetings of the BOE and it may be even worse. 
I've calendered a day in August to open an easy saver so if ever Monmouthshire do have good interest rates again at least I will have continuing membership - not sure yet whether to input £10 or £1000 ...

Yes August is a long way off yet ... 

If you are running the RS to the end you might as well withdraw all but £1 on maturity as it will default into an Easy Access, which would have been open long enough should they say 1 year+ membership like some competitors.

Dizzycap

mhoc said:

Apologies as I know it has been discussed before endlessly.
 Reading up about the potential interest rates drops before the end of 2025 and thinking about the next BOE rate review on the 8th ....I am dithering whether to renew my Halifax and LLoyds regular savers again - the maturity dates are in December and February  so at least this would fix the rates into May 2026 .....

I had the same dilema with Halifax, Bank of Scotland &  Club Lloyds RS all with fixed rates & all maturing in October 2025. I decided to renew them all last week. I haven't opened a standard Lloyds RS @ 5.25% fixed, yet but may very well do so pronto next Thursday morning, if not before, just as an initial back up

Speculator

Dizzycap said:

mhoc said:

Apologies as I know it has been discussed before endlessly.
 Reading up about the potential interest rates drops before the end of 2025 and thinking about the next BOE rate review on the 8th ....I am dithering whether to renew my Halifax and LLoyds regular savers again - the maturity dates are in December and February  so at least this would fix the rates into May 2026 .....

I had the same dilema with Halifax, Bank of Scotland &  Club Lloyds RS all with fixed rates & all maturing in October 2025. I decided to renew them all last week. I haven't opened a standard Lloyds RS @ 5.25% fixed, yet but may very well do so pronto next Thursday morning, if not before, just as an initial back up

You managed to renew your BOS regular?

Stargunner

Speculator said:

Dizzycap said:

mhoc said:

Apologies as I know it has been discussed before endlessly.
 Reading up about the potential interest rates drops before the end of 2025 and thinking about the next BOE rate review on the 8th ....I am dithering whether to renew my Halifax and LLoyds regular savers again - the maturity dates are in December and February  so at least this would fix the rates into May 2026 .....

I had the same dilema with Halifax, Bank of Scotland &  Club Lloyds RS all with fixed rates & all maturing in October 2025. I decided to renew them all last week. I haven't opened a standard Lloyds RS @ 5.25% fixed, yet but may very well do so pronto next Thursday morning, if not before, just as an initial back up

You managed to renew your BOS regular?

The renew option wasn’t available for me on my BOS RS, so I emptied it and then used the online chat to request closure. They transferred the interest to my CA and I was able to open a new RS the next day.

Bridlington1

csw5780 said:

flaneurs_lobster said:

Just received email

Yorkshire Building Society Loyalty Regular Saver 5.25% variable £250/mth withdraw on 1 day/yr closeable 

https://www.ybs.co.uk/savings/loyalty-savings-accounts?cmpid=eml-YBS-XSELL-Loyal-A&spMailingID=31116827&spUserID=MTE5ODUwOTcyNzYwOQS2&spJobID=2710194063&spReportId=MjcxMDE5NDA2NAS2

Me too. However it launched 22/2 and rate changed 11/3. It’s included on Page 1 and requires membership of min 12 months. 

I presume I had a previous version which has since matured!  Opened 👍🏻

edit

It's been around since 2024 when it was launched at 5.75% IIRC, since then the rate has slipped to its present rate of 5.25%. I remember this account being one of the ones I ``refreshed" at the end of the 2023-4 tax year.

allegro120

Kim_13 said:

mhoc said:

My Monmouthshire exclusive saver matures at the end of August - I think I've got a 13th payment schedules but assume it will bounce back... 
At the moment there seems to be no replacement - just a miserable regular saver paying 3.7% and variable - between now and then there might be 2 more meetings of the BOE and it may be even worse. 
I've calendered a day in August to open an easy saver so if ever Monmouthshire do have good interest rates again at least I will have continuing membership - not sure yet whether to input £10 or £1000 ...

Yes August is a long way off yet ... 

If you are running the RS to the end you might as well withdraw all but £1 on maturity as it will default into an Easy Access, which would have been open long enough should they say 1 year+ membership like some competitors.

That's what I did.  I left one of them running on £1, closed all other EAs, just need one for continuous membership.  

s71hj

Quick question, which I hope will be accepted as being relevant to this thread. It's about feeder accounts for regular savers, and I'm wondering how people manage that side of the whole undertaking. I have about 10000 go out to regular savers at the start of the month, 1st unless a weekend and maybe 4000 spread throughout the rest of a month. This is all by standing order from Santander current account. I'm conscious that the money, therefore, sits in that for a fair proportion of the month awaiting the start of the month earning 2.5%, generally growing to the required amount by maturing savings accounts of various kinds and salary. I'm beginning to wonder if all the advantage I gain from the regular saver boosted rates is lost by the amount of time money sits there waiting for the 1st. However, I don't have the bandwidth in my life for constantly daily monitoring and manual transfers. I think ideally, I need some sort of robo thing to move money from a higher paying saving account to current account as and when I need!!!!. Any ideas or tips about how others coordinate their affairs cost/time effectively on this front much appreciated!

surreysaver

s71hj said:

Quick question, which I hope will be accepted as being relevant to this thread. It's about feeder accounts for regular savers, and I'm wondering how people manage that side of the whole undertaking. I have about 10000 go out to regular savers at the start of the month, 1st unless a weekend and maybe 4000 spread throughout the rest of a month. This is all by standing order from Santander current account. I'm conscious that the money, therefore, sits in that for a fair proportion of the month awaiting the start of the month earning 2.5%, generally growing to the required amount by maturing savings accounts of various kinds and salary. I'm beginning to wonder if all the advantage I gain from the regular saver boosted rates is lost by the amount of time money sits there waiting for the 1st. However, I don't have the bandwidth in my life for constantly daily monitoring and manual transfers. I think ideally, I need some sort of robo thing to move money from a higher paying saving account to current account as and when I need!!!!. Any ideas or tips about how others coordinate their affairs cost/time effectively on this front much appreciated!

My standing orders are staggered through the month, the higher interest ones going out on the 1st, the next on the 5th and so on. They leave from a current account with an overdraft, so my current account is at zero and just replenished by savings on the day the standing orders go out.
The alternative would be to do it all by manual payments, but that would be time consuming and prone to error - money might be paid to wrong accounts, or you might miss one for example.