The Top Regular Savers Discussion Thread

janusdesign

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.

that last bit is good to know - i'll avoid doing that option! 
for me, that second option "transfer funds to my selected account" is the option for paying back to the nominated account (on both the site and the app).

HHUK

jim1999 said:
Personally I've dropped it to what appeared to be the minimum to still qualify for the prize draw, which was £10.

Entirely possible that I'm mistaken or misread something, but though I'm closing other accounts I decided on balance to keep this one going a bit longer.

Looks spot on to me. Section 9.3 (b) of the specific terms for the Coventry Sunny Day Saver account reads:

To enter the Prize Draw, you need to pay into your Sunny Day Saver account at least £10 within the calendar month preceding the date of the relevant Prize Draw (the Qualifying Entry or Qualified Entries). For example, to qualify for the Prize Draw on 17 October 2024, you need to pay in at least £10 into your Sunny Day Saver between 1 September and 30 September 2024. Therefore, if you pay in £10 on 1 October 2024, you will not be eligible for the Prize Draw on 17 October 2024 but you may be eligible for the November 2024 Prize Draw.

Bridlington1

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%
Children's Regular Saver from 4.75% to 4.45%
Ware Regular Saver (NLA) from 4.75% to 4.45%

Bridlington1

Newcastle BS Interest Rate Reductions 5/6/25:

Regular Saver Issue 1 from 5.5% to 5.25%

Bridlington1

A nice little bonus from Melton BS.

I phoned them on 1st to ask them to transfer some money from my RS Issue 4 to my RS Issue 6 and the Adcock RS. They transferred the £150 that was meant to go to the Adcock RS to the RS 5 in error, I phoned them to get them to rectify the issue and backdate the interest and they instead sent £150 from the RS Issue 4 to the Adcock RS leaving the original £150 stranded at 5%.

This evening I've received a very apologetic phone call to say they've reviewed my phone calls and agree that my instructions were perfectly simple and that they'd now carried out my instructions correctly and backdated the interest to the 1st and are paying £25 to my nominated account ``to help restore my faith in them". I also took the time to complain about how it takes 2 minutes to get through the recorded messages before you even get put on hold.

Needless to say if I need to make internal transfers with them again I shall probably phone them just on the off chance the few minutes out of my dinner break turns out to be rather more profitable than planned (I do love a nice little complaint like this).

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.