The Top Regular Savers Discussion Thread

pecunianonolet

Aldermore Regular Saver issue 1 interest rate is reducing today to 4.75%

Time to withdraw and redistribute to higher return accounts. Do they process same day withdrawals, any cut off times?

CricketLady

pecunianonolet said:

Aldermore Regular Saver issue 1 interest rate is reducing today to 4.75%

Time to withdraw and redistribute to higher return accounts. Do they process same day withdrawals, any cut off times?

Hi, I closed mine yesterday at about 11am and the money was in my nominated account complete with interest fairly soon after - I don't know exactly when (it might have been instant!) because I went out after giving my instruction, but when I check three hours later the money was there  xx

jameseonline

For anyone with Saffron you don't really need to wait for the dedicated maturity thing to come up on the app etc, you can literally send them a secure message or call them up to give them instructions & they will carry them out.

10_66

Saffron
I rang them today and was advised that there will be another Members Month Loyalty Saver available on Monday 2nd June.  Unable to give maturity instructions for this via their maturity manager as there aren't any details yet, but I believe it'll be similar to the existing one at 8% (not certain of this yet as they didn't have full info at the time of my call earlier today).  Instructions can be given via secure message.

chris_the_bee

10_66 said:

Saffron
I rang them today and was advised that there will be another Members Month Loyalty Saver available on Monday 2nd June.  Unable to give maturity instructions for this via their maturity manager as there aren't any details yet, but I believe it'll be similar to the existing one at 8% (not certain of this yet as they didn't have full info at the time of my call earlier today).  Instructions can be given via secure message.

Saffron
Looks like we will all have to wait until our existing Members Month Loyalty Saver matures before applying for the new one.

• "You can only hold one Members Month Loyalty Saver, as well as one regular savings product at any time with Saffron."

Kim_13

chris_the_bee said:

10_66 said:

Saffron
I rang them today and was advised that there will be another Members Month Loyalty Saver available on Monday 2nd June.  Unable to give maturity instructions for this via their maturity manager as there aren't any details yet, but I believe it'll be similar to the existing one at 8% (not certain of this yet as they didn't have full info at the time of my call earlier today).  Instructions can be given via secure message.

Saffron
Looks like we will all have to wait until our existing Members Month Loyalty Saver matures before applying for the new one.

• "You can only hold one Members Month Loyalty Saver, as well as one regular savings product at any time with Saffron."

That term has been there since 2023, and at that time I had a Small Saver also (which was the only account I had with the requisite term of membership.) Members’ Month seems to be very much the exception, permitted in addition to one of the Small Saver or the 12 Month Members’ Regular Saver. As the Members’ Month Loyalty Saver could be applied for online and opened immediately, needing the old one to mature before the new one can be opened is unlikely to be an issue (I’ve previously transferred a postal ISA out early, so as to be eligible for the next, as the postal element meant the account matured a year and a week after it was applied for instead.)

I didn’t renew the Small Saver and will now qualify via an E-Saver, so will have no problems should they decide it is one Regular Saver period.

orange-juice

For the first direct regular saver.. I’m a bit confused by these points in the faqs. Can anyone understand it?

How can you catch up if you can only deposit £300 per month max and the only way to pay in is by standing order?

Regular Payments:

• regular deposits must be made by standing order each month

• the minimum monthly deposit is £25 per month

• the maximum monthly deposit is £300 per month

• if you don't pay in the maximum allowed in any month, you can carry over any unused subscriptions and catch up in future months.

  
  

francoghezzi

orange-juice said:

For the first direct regular saver.. I’m a bit confused by these points in the faqs. Can anyone understand it?

How can you catch up if you can only deposit £300 per month max and the only way to pay in is by standing order?

Regular Payments:

• regular deposits must be made by standing order each month

• the minimum monthly deposit is £25 per month

• the maximum monthly deposit is £300 per month

• if you don't pay in the maximum allowed in any month, you can carry over any unused subscriptions and catch up in future months.

  
  

FIRST DIRECT 7% SAVER
 You simply phone them and ask to change the amount that will be deposited taking into consideration the amount you haven't paid the month or months before. It happened to me last year. One month I deposited only £150, the month after that I phoned them and they changed the standing order to £450 (of course only for that month). It took no more than 5 minutes. I always found them very helpful and professional. If you don't want to phone you can chat with them through the app or online banking. The standing order can also be lowered till a monthly minimum of £25

Bob2000

francoghezzi said:

orange-juice said:

For the first direct regular saver.. I’m a bit confused by these points in the faqs. Can anyone understand it?

How can you catch up if you can only deposit £300 per month max and the only way to pay in is by standing order?

Regular Payments:

• regular deposits must be made by standing order each month

• the minimum monthly deposit is £25 per month

• the maximum monthly deposit is £300 per month

• if you don't pay in the maximum allowed in any month, you can carry over any unused subscriptions and catch up in future months.

  
  

FIRST DIRECT 7% SAVER
 You simply phone them and ask to change the amount that will be deposited taking into consideration the amount you haven't paid the month or months before. It happened to me last year. One month I deposited only £150, the month after that I phoned them and they changed the standing order to £450 (of course only for that month). It took no more than 5 minutes. I always found them very helpful and professional. If you don't want to phone you can chat with them through the app or online banking. The standing order can also be lowered till a monthly minimum of £25

I've just done the same thing.
Last night put £250 in by mistake and  only now realised.  
Only got one more standing order left before maturity  to.

Bridlington1

Just a reminder the following interest rate cuts come into effect tomorrow:

Account	Old rate	New rate	Date
HRBS Regular Saver 30 Day Notice	4.50%	4.25%	30/05/2025
HRBS Regular Saver 30 Day Notice Issue 2	4.60%	4.35%	30/05/2025
NatWest Digital Regular Saver (headline only)	6.17%	5.50%	30/05/2025
RBS Digital Regular Saver (headline only)	6.17%	5.50%	30/05/2025