The Top Regular Savers Discussion Thread

Bridlington1

Skipton Home Deposit Saver (Issue 3) at 4.56% is now NLA and has been replaced by Issue 4 at 4.31%. Issue 4's interest rate is too low for the account to be included on the first page of this thread.

Thresholds for accounts to be included on the first page of this thread remain under review and may be altered depending how the savings landscape evolves following the base rate cut yesterday.

schiff

How is the maximum balance of the new Virgin RS Exclusive Issue £6000? Per the main list.

Bridlington1

schiff said:

How is the maximum balance of the new Virgin RS Exclusive Issue £6000? Per the main list.

By typo on my part, now corrected. Apologies for the misinformation.

Bridlington1

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

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.