The Top Regular Savers Discussion Thread

tightbloke61

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

You can actually adjust the payment in the FD App I have noticed

francoghezzi

tightbloke61 said:

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

You can actually adjust the payment in the FD App I have noticed

Yup, that's another quick way

clairec666

tightbloke61 said:

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

You can actually adjust the payment in the FD App I have noticed

Yes, it appears as an option in the app - you can change the amount but not the date. I haven't actually tried this though so can't guarantee that it's accepted!

Aidanmc

My Skipton member RS Iss3 matures today.

Should i be able to open another member RS tomorrow and make deposit?

Snapdragon

Aidanmc said:

My Skipton member RS Iss3 matures today.

Should i be able to open another member RS tomorrow and make deposit?

My maturity was 28th, paid into my bank this morning (29th). I was able to open the new one (via the app this morning) and paid the first £250 immediately.

Bigwheels1111

Just checked with Skipton.

Skipton member RS Iss3 matures today 29/05/25.

Matures at 00.00pm, so I will get paid tomorrow and can open a new one.

Bridlington1

Penrith BS Interest Rate Reductions 16/6/25:

Account	Old rate	New rate	Date
Penrith BS Junior Affinity Regular Saver	4.70%	4.45%	16/06/2025
Penrith BS Regular Saver 200	4.00%	NO CHANGE	16/06/2025
Penrith BS Regular Saver 200 Issue 2	5.00%	NO CHANGE	16/06/2025
Penrith BS Regular E-Saver 200	5.00%	NO CHANGE	16/06/2025
Penrith BS Regular Saver 300	5.00%	NO CHANGE	16/06/2025

Bridlington1

Saffron BS Members Month RS to be launched 2nd June 2025:

8% Fixed
£50 per calendar month max
1 withdrawal/mth

Available to those who have held a Saffron BS account continuously since 1st June 2024

Bridlington1

Bridlington1 said:

Saffron BS Members Month RS to be launched 2nd June 2025:

8% Fixed
£50 per calendar month max
1 withdrawal/mth

In addition I have been able to give maturity instructions over the phone for my old Member's Month RS to be converted into a new Members Month RS upon its maturity next month.

Nasqueron

judgingjudy said:

Nasqueron said:

I had my FD saver mature I think on the 20th, money was paid into the easy access saver + interest yesterday and new one was setup and funds taken yesterday as well, good turnaround

Did you still have a savings account set up? My First Direct RS matured on Monday 12th and I wasn’t able to access the funds until the 19th, and my new one wasn’t funded until the 21st. It’s never taken this long before - but frankly even three days I don’t consider a good turnaround compared to most of the other major banks offering regular savers which are far quicker. 

Sorry for the late reply - yes I just left the saver open

The money was in my saver and I thought it would close and take a couple of days but the logs show the money in on 20th, 22nd the 17p interest was added and I moved the funds in on the 22nd, took out all but £300 and applied for a new saver and the funds were removed same day into the new saver