The Top Regular Savers Discussion Thread

Bigwheels1111

intalex said:

Bigwheels1111 said:

Re FD reg saver, Applied for new one on the 9th, old one matured and paid on the 10th.

New one opened today, not to bad as a weekend was in the middle.

How did you apply for a new one on 9th when the old had not yet matured until 10th?
App sure won't allow me, says I already have one open and can't apply for another until current one is closed, and even says this could take an extra 5 days...

One thing I did or as such did not do, was to leave the old account FD savings opened to deposit the maturing RS into last year.

I found it strange that it let me, on the 9th the RS vanished as usual.

So I though lets give it a try. It worked, a few pages back others have tried but not given any updates.

Went through fine, Called Monday to see what was going on, and to give them a poke to hurry up.

I was informed that the old one had paid out but was still open.

When it is closed the new one should open.

I hope you get a new one open soon.

intalex

Bigwheels1111 said:

intalex said:

Bigwheels1111 said:

Re FD reg saver, Applied for new one on the 9th, old one matured and paid on the 10th.

New one opened today, not to bad as a weekend was in the middle.

How did you apply for a new one on 9th when the old had not yet matured until 10th?
App sure won't allow me, says I already have one open and can't apply for another until current one is closed, and even says this could take an extra 5 days...

One thing I did or as such did not do, was to leave the old account FD savings opened to deposit the maturing RS into last year.

I found it strange that it let me, on the 9th the RS vanished as usual.

So I though lets give it a try. It worked, a few pages back others have tried but not given any updates.

Went through fine, Called Monday to see what was going on, and to give them a poke to hurry up.

I was informed that the old one had paid out but was still open.

When it is closed the new one should open.

I hope you get a new one open soon.

Could it be that your old one actually matured on 9th (rather than 10th) and at that point applying for a new one is permitted?

myth123

I also did the same thing with FD. My RS was maturing on the 11th (Sunday). It disappeared from my account on Saturday and I was able to apply for a new RS on Saturday. Funds were paid into an existing easy access savings account with FD yesterday. I am still waiting for the new RS to open - expecting it to do so tomorrow or the day after.

Bridlington1

Darlington BS Interest Rate Cuts 2/6/25:

12 Month Regular Saver ~~~~ NO CHANGE ~~~ Remains at 5%

allegro120 said:

Aldermore 

In addition Aldermore Regular Saver Account (Issue 2) is now NLA, replaced by Issue 3 at 4.75%. All other Ts&Cs seem to've remained the same.

masonic

intalex said:

Bigwheels1111 said:

intalex said:

Bigwheels1111 said:

Re FD reg saver, Applied for new one on the 9th, old one matured and paid on the 10th.

New one opened today, not to bad as a weekend was in the middle.

How did you apply for a new one on 9th when the old had not yet matured until 10th?
App sure won't allow me, says I already have one open and can't apply for another until current one is closed, and even says this could take an extra 5 days...

One thing I did or as such did not do, was to leave the old account FD savings opened to deposit the maturing RS into last year.

I found it strange that it let me, on the 9th the RS vanished as usual.

So I though lets give it a try. It worked, a few pages back others have tried but not given any updates.

Went through fine, Called Monday to see what was going on, and to give them a poke to hurry up.

I was informed that the old one had paid out but was still open.

When it is closed the new one should open.

I hope you get a new one open soon.

Could it be that your old one actually matured on 9th (rather than 10th) and at that point applying for a new one is permitted?

For the past few years I've been able to apply the day before maturity when the account disappears from online banking and before it returns with interest added.  This is how you can get the gap down to 0-2 days.

Do you not remember participating in a discussion about this trick a year ago?

subjecttocontract

I don't understand why there is so much interest in saving a day or two when opening a new FD account. £300 @ 7% = less than 6p a day in interest........what am I missing ?

intalex

masonic said:

Do you not remember participating in a discussion about this trick a year ago?

I really don't but it's a good trick, hope the 7% lasts through this week...

WillPS

subjecttocontract said:

I don't understand why there is so much interest in saving a day or two when opening a new FD account. £300 @ 7% = less than 6p a day in interest........what am I missing ?

Locking in a high fixed rate in a (rapidly) falling rate environment.

Bridlington1

Leeds BS Home Deposit Saver (Issue 3) at 4.9% to go NLA within hours. To be replaced by Issue 4 at 4.8%. Other Ts&Cs seem to be remaining the same from what I can see at this stage.

Aidanmc

Bridlington1 said:

Leeds BS Home Deposit Saver (Issue 3) at 4.9% to go NLA within hours. To be replaced by Issue 4 at 4.8%. Other Ts&Cs seem to be remaining the same from what I can see at this stage.

Just missed this, was thinking of opening it just yesterday.

Up until now i have only been funding 5% and above regular savers, using my Coventry BS FHS issue 1 (4.85%) and maturing regular savers as a feeder.

Now with the Aldermore RS rate cut to 4.75% thats the first one to go below.

Although Coventry BS will prob reduce the FHS by 0.25% i expect

Theres a few RS i dont have though, which involve opening current accounts, TSB, HSBC, First Direct, AIB, BOS, so maybe i will look into opening some of these. Wont qualify for any switching incentives as i've already had them.