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The Top Regular Savers Discussion Thread

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Comments

  • Dizzycap
    Dizzycap Posts: 1,239 Forumite
    1,000 Posts Second Anniversary Photogenic Debt-free and Proud!
    edited 9 May at 4:40AM
    Dizzycap said:
    Nationwide Update:

    Product Type

    Account

    Previous Headline Rate

    New Headline Rate

    Change (percentage points)

    Regular Savings

    Start to Save 2

    5.50%

    5.50%

    0.00


    Help to Buy

    3.10%

    2.90%

    -0.20


    Flex Regular Saver 3 & 4

    6.50%

    6.50%

    0.00


    Continue to Save

    2.10%

    2.00%

    -0.10

    Children’s

    FlexOne Saver / FlexOne Regular Saver

    5.00%

    5.00%

    0.00


    Child Trust Fund / Smart Junior ISA/ CTF Maturity ISA / Junior ISA Maturity

    3.55%

    3.55%

    0.00


    Smart Limited Access

    3.05%

    2.85%

    -0.20


    Future Saver

    3.55%

    3.55%

    0.00


    Smart Instant Access / Smart Saver

    2.05%

    1.85%

    -0.20


    Happy Saving! ;)
    Good info but I'm afraid myself and @GalacticaActual beat you to it a week ago
    https://forums.moneysavingexpert.com/discussion/comment/81431709/#Comment_81431709

    Additionally these cuts were a late response to the February cut to the base rate, rather than the May one. For the full list of interest rate cuts announced by Nationwide see:
    https://www.nationwidemediacentre.co.uk/news/nationwide-adjusts-savings-rates-following-february-bank-rate-reduction
    My appologies as it flashed up as news for today 09/05 and not for a week ago :)
    ~ NSD 2025 - NSD October 18/20 (x💯)
    # Spectos/Royal Mail Monitoring and Posting Panel - On Rest - 2 x £25 Vouchers Redeemed, 29 FREE Books of RM Stamps & Presentation Pack.
    ~ Totally FREE Christmas 2025 - 🎁✉️🏷🎀💐🪪🗒🧺
    ⭐️Completed Challenges 2025:
    # No.36 Make £2025 in 2025 £1278.68 / £2025  (4) 💯💯💯
    # No.12 Save £2 a Day 2025 £730/ £730 💯
    # No.27 Save 1p A Day 2025 £667.95 / £667.95 💯
    # No.19 52 Week Env Challenge £1378 / £1378 💯 
    # No.34 Save £12k in 2025 £20,075.12 / £12,000 💯 (8) - Continuing
  • WLewer98
    WLewer98 Posts: 52 Forumite
    Second Anniversary 10 Posts Name Dropper
    Co-op Regular Saver

    Does anyone have any experience 'refreshing' this account? How soon can it be closed and a new regular saver opened?

    "Those who forget the past are condemned to repeat it"
  • Dizzycap
    Dizzycap Posts: 1,239 Forumite
    1,000 Posts Second Anniversary Photogenic Debt-free and Proud!
    WLewer98 said:
    Co-op Regular Saver

    Does anyone have any experience 'refreshing' this account? How soon can it be closed and a new regular saver opened?
    From personal disasterous experienced, I requested closure of my Co-Op RS at the beginning of Decemeber & it took 6 weeks before the Co-op system with great human intervention could finally fully closed it & I could open another. For that reason, I've left well alone on the closure & re-opening front. There's also been issues with the Co-op having cyber attacks, so that may also be something to factor in as safety & security comes first in the banking agenda ;)
    ~ NSD 2025 - NSD October 18/20 (x💯)
    # Spectos/Royal Mail Monitoring and Posting Panel - On Rest - 2 x £25 Vouchers Redeemed, 29 FREE Books of RM Stamps & Presentation Pack.
    ~ Totally FREE Christmas 2025 - 🎁✉️🏷🎀💐🪪🗒🧺
    ⭐️Completed Challenges 2025:
    # No.36 Make £2025 in 2025 £1278.68 / £2025  (4) 💯💯💯
    # No.12 Save £2 a Day 2025 £730/ £730 💯
    # No.27 Save 1p A Day 2025 £667.95 / £667.95 💯
    # No.19 52 Week Env Challenge £1378 / £1378 💯 
    # No.34 Save £12k in 2025 £20,075.12 / £12,000 💯 (8) - Continuing
  • ThePirates
    ThePirates Posts: 400 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    Mine recently matured, capital and interest moved to a standard saver next day. 
    Opening a new RS took around 5 working days...
  • exel1966
    exel1966 Posts: 5,079 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    WLewer98 said:
    Co-op Regular Saver

    Does anyone have any experience 'refreshing' this account? How soon can it be closed and a new regular saver opened?
    Mine matured Thu 27/03, new application made same day.

    New account open, visible and funded Mon 31/03 so 3 working days.
  • Bobblehat
    Bobblehat Posts: 959 Forumite
    Eighth Anniversary 500 Posts I've been Money Tipped! Name Dropper
    Dizzycap said:
    Dizzycap said:
    Nationwide Update:

    Product Type

    Account

    Previous Headline Rate

    New Headline Rate

    Change (percentage points)

    Regular Savings

    Start to Save 2

    5.50%

    5.50%

    0.00


    Help to Buy

    3.10%

    2.90%

    -0.20


    Flex Regular Saver 3 & 4

    6.50%

    6.50%

    0.00


    Continue to Save

    2.10%

    2.00%

    -0.10

    Children’s

    FlexOne Saver / FlexOne Regular Saver

    5.00%

    5.00%

    0.00


    Child Trust Fund / Smart Junior ISA/ CTF Maturity ISA / Junior ISA Maturity

    3.55%

    3.55%

    0.00


    Smart Limited Access

    3.05%

    2.85%

    -0.20


    Future Saver

    3.55%

    3.55%

    0.00


    Smart Instant Access / Smart Saver

    2.05%

    1.85%

    -0.20


    Happy Saving! ;)
    Good info but I'm afraid myself and @GalacticaActual beat you to it a week ago
    https://forums.moneysavingexpert.com/discussion/comment/81431709/#Comment_81431709

    Additionally these cuts were a late response to the February cut to the base rate, rather than the May one. For the full list of interest rate cuts announced by Nationwide see:
    https://www.nationwidemediacentre.co.uk/news/nationwide-adjusts-savings-rates-following-february-bank-rate-reduction
    My appologies as it flashed up as news for today 09/05 and not for a week ago :)
    Well, I'm glad you posted it! Somehow I missed the earlier posts!  :*
  • chris_the_bee
    chris_the_bee Posts: 458 Forumite
    Third Anniversary 100 Posts Name Dropper
    WLewer98 said:
    Co-op Regular Saver

    Does anyone have any experience 'refreshing' this account? How soon can it be closed and a new regular saver opened?
    Co-op Regular Saver
    Mine took 6 weeks to close but a day or two to open a new one. Complaint raised and compensation received          
  • Bigwheels1111
    Bigwheels1111 Posts: 3,072 Forumite
    1,000 Posts Third Anniversary Name Dropper
    My FD reg saver has vanished today, matures tomorrow.
    Filled out a new reg saver application, now just waiting for it to open.
    Much faster process this year, so far.
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