The Top Regular Savers Discussion Thread

Bridlington1

Bridlington1 said:

janusdesign said:

Speculator said:

jim1999 said:

Speculator said:

Anyone else get an email from Saffron BS earlier this week regarding the maturity of their Members month Loyalty 8% regular saver? In the email, it says you can give your maturity instructions online or via the app using their "maturity manager feature."

Logged in via app and online and I can't see any option to give my maturity instruction.

It is quite a badly written email, but it also says "Select Maturity Manager option on the account.  This will be available up to 14 days before the maturity date."

I'm assuming you are currently more than 14 days from the maturity date?

Thanks, yes, mine matures 1st June so I will try again on Monday.

for me, the maturity options are now available on the account details link...

have Saffron announced any rate changes to the Small Saver yet?

I was just about to mention that:

Saffron BS Interest Rate Cuts 10/6/25:

Small Saver from 4.7% to 4.4%

12 Month Members' Regular Saver from 4.5% to 4.2%

In addition to the above their Children's Regular Saver reduces from 4.75% to 4.45% on 10/6/25 and their NLA Ware Regular Saver also drops from 4.75% to 4.45% on 10/6/25.

For full Saffron BS interest rate cuts see:
https://www.saffronbs.co.uk/sites/default/files/2025-05/VariableRateGuide10.06.2025.pdf

I shall amend my post to reflect this before updating the archived thread.

clairec666

surreysaver said:

jameseonline said:

I'm not sure what to do with my Coventry Sunny Day now as my current rule is ditch anything lower than 6%, does this account have any penalties for closing early?.

Bring your 6% rule down, as interest rates are decreasing 

I'm lowering my 6% rule. I'm comparing rates (after tax deduction) with what I'm getting in ISAs, which are also dropping.

allegro120

Kim_13 said:

janusdesign said:

Speculator said:

jim1999 said:

Speculator said:

Anyone else get an email from Saffron BS earlier this week regarding the maturity of their Members month Loyalty 8% regular saver? In the email, it says you can give your maturity instructions online or via the app using their "maturity manager feature."

Logged in via app and online and I can't see any option to give my maturity instruction.

It is quite a badly written email, but it also says "Select Maturity Manager option on the account.  This will be available up to 14 days before the maturity date."

I'm assuming you are currently more than 14 days from the maturity date?

Thanks, yes, mine matures 1st June so I will try again on Monday.

for me, the maturity options are now available on the account details link...

i'll likely choose to have the full balance returned to my nominated account - but out of interest, have Saffron announced any rate changes to the Small Saver yet?

Also working for me in the app.

I’ve set it to transfer the full amount into my E-Saver Issue 22 (they missed out Issue 21 and then used that as the name of the newly launched reduced rate issue.) I have my nominated account set up on that account, but there was no option of nominated account or a new Members’ Month account via the maturity manager. As the account matures on Sunday, it’s probably the best way to maximise interest anyway.

From previous experience, doing nothing and letting it default puts it into a Maturity AI account which you will have to call or secure message to get funds out of.

I went for "transfer funds to my selected account".  When I clicked on drop down menu my nominated bank account was the only option. Issue 22 (4.5%) won't be competitive for me at least until next BoE meeting.

Don't understand why Small Saver is an option.  Surely you can't transfer £625.84 to Small Saver, or can you???  It's a also a bit strange that they offer me to open a second Small Saver, I thought you're only allowed 1.

allegro120

surreysaver said:

jameseonline said:

I'm not sure what to do with my Coventry Sunny Day now as my current rule is ditch anything lower than 6%, does this account have any penalties for closing early?.

Bring your 6% rule down, as interest rates are decreasing 

I brought mine down to 5%, have to keep up with the reality.

Bridlington1

clairec666 said:

surreysaver said:

jameseonline said:

I'm not sure what to do with my Coventry Sunny Day now as my current rule is ditch anything lower than 6%, does this account have any penalties for closing early?.

Bring your 6% rule down, as interest rates are decreasing 

I'm lowering my 6% rule. I'm comparing rates (after tax deduction) with what I'm getting in ISAs, which are also dropping.

My thresholds never cease to be under review, a lot depends on cashflow, if I have a lot of funds from maturing regular savers in a particular month I may lower them temporarily and vice versa.

Thresholds for accounts to be included on this thread remain under review however, I shall wait and see how things develop in the savings landscape more broadly, particularly with regards to easy access accounts, and shall likely give a further update the thresholds in the coming weeks.

Kim_13

allegro120 said:

Kim_13 said:

janusdesign said:

Speculator said:

jim1999 said:

Speculator said:

Anyone else get an email from Saffron BS earlier this week regarding the maturity of their Members month Loyalty 8% regular saver? In the email, it says you can give your maturity instructions online or via the app using their "maturity manager feature."

Logged in via app and online and I can't see any option to give my maturity instruction.

It is quite a badly written email, but it also says "Select Maturity Manager option on the account.  This will be available up to 14 days before the maturity date."

I'm assuming you are currently more than 14 days from the maturity date?

Thanks, yes, mine matures 1st June so I will try again on Monday.

for me, the maturity options are now available on the account details link...

i'll likely choose to have the full balance returned to my nominated account - but out of interest, have Saffron announced any rate changes to the Small Saver yet?

Also working for me in the app.

I’ve set it to transfer the full amount into my E-Saver Issue 22 (they missed out Issue 21 and then used that as the name of the newly launched reduced rate issue.) I have my nominated account set up on that account, but there was no option of nominated account or a new Members’ Month account via the maturity manager. As the account matures on Sunday, it’s probably the best way to maximise interest anyway.

From previous experience, doing nothing and letting it default puts it into a Maturity AI account which you will have to call or secure message to get funds out of.

I went for "transfer funds to my selected account".  When I clicked on drop down menu my nominated bank account was the only option. Issue 22 (4.5%) won't be competitive for me at least until next BoE meeting.

Don't understand why Small Saver is an option.  Surely you can't transfer £625.84 to Small Saver, or can you???  It's a also a bit strange that they offer me to open a second Small Saver, I thought you're only allowed 1.

It looked to me that they would allow £50.00 to be transferred to the Small Saver, with the remaining ~£575 going to another account.

It seems to be hit and miss as to which other accounts are available to transfer to, as I couldn’t see my nominated account anywhere. I’ll be withdrawing it from the E-Saver to fund Regular Savers on the 2nd anyway (hopefully minus £50 for a new Members’ Month version.)

surreysaver

clairec666 said:

surreysaver said:

jameseonline said:

I'm not sure what to do with my Coventry Sunny Day now as my current rule is ditch anything lower than 6%, does this account have any penalties for closing early?.

Bring your 6% rule down, as interest rates are decreasing 

I'm lowering my 6% rule. I'm comparing rates (after tax deduction) with what I'm getting in ISAs, which are also dropping.

At the moment, I'll take 5.5% and above regardless of T&Cs. I'll take less than 5.5% down to 5% if the T&Cs allow easy access, or the rate is fixed 

[Deleted User]

surreysaver said:

jameseonline said:

I'm not sure what to do with my Coventry Sunny Day now as my current rule is ditch anything lower than 6%, does this account have any penalties for closing early?.

Bring your 6% rule down, as interest rates are decreasing 

Very true. And you can always put the minimum in if yoy want.

Kim_13

Having received the email from Cambridge BS about rate reductions, which mentioned in the text (probably due to regulatory requirements, but anyway) that it may be possible to get a better rate by switching to a different account, I secure messaged them yesterday lunchtime asking about switching my E-Saver to a Your Saver and keeping the same account number, as it was my qualification account for the RS. They switched the account for me within the hour, which included coming back to check that I had read the Your Saver terms. Fastest ever secure message service by any society. The only slight downside was that the interest due was applied to the Your Saver (my E-Saver had been set up to pay away) and the product switch must have counted as my 1 withdrawal for May as it’s saying I can’t transfer it to the RS as the account is limited to 1 withdrawal a month. Never mind, it isn’t a lot and can just go across in June.

I had intended to apply for the Your Saver originally as the rate was better, but it was off sale the day that I applied so I took what I could get at the time to start the RS clock ticking.

fergie_

If rates continue to drop, strategies are likely to pivot to paying down mortgages or other debts that are fixed at a higher rate.