The Top Regular Savers Discussion Thread

Dizzycap

Bridlington1 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

WLewer98

Co-op Regular Saver

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

Dizzycap

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

wmb194

Dizzycap said:

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

Co-op Bank has no relationship with Co-op Group, supermarkets and convenience stores, it only uses the brand. Co-op Bank is now owned by Coventry Building Society.

https://www.coventrybuildingsociety.co.uk/member/important-update.html

ThePirates

Mine recently matured, capital and interest moved to a standard saver next day. 
Opening a new RS took around 5 working days...

exel1966

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

Dizzycap said:

Bridlington1 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

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

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.

nottsphil

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?

No need to do that!