The Top Regular Savers Discussion Thread

pecunianonolet

chris_the_bee said:

ForumUser7 said:

liamcov said:

New account from Saffron! 

Refer a Friend regular saver 8%

£50 month / max £600.

Must complete a 'survey' providing the name of another Saffron customer who has 'referred' you (otherwise they say they will close your account down!)

https://www.saffronbs.co.uk/MM_Refer_a_Friend_Saver

I don’t understand this one - is it basically new customers only?

Saffron
No, existing customers can apply (I just did & account opened), however you must be referred by an existing Saffron member. You must complete the friends details (panel on RHS of web page) before applying. If your spouse has an existing account, you can both refer each other.
.

So OH and I basically just have to open both a new E-Saver today to become customers and once open we refer each other for the reg saver and open that one today too. We fund the reg saver today and again tomorrow? 

Sounds like a lot of faff for very little gain but still better to have £50 at 8% vs £50 at 5% at Cahoot. 

Would the above work?

jameseonline

Section62 said:

Bridlington1 said:

Aidanmc said:

Saffron BS

You must have been referred by an existing member holding a Member’s Month Loyalty Saver.

So we just need name of 1 person holding a Members monthly loyalty saver and we can all be their friend?

Although I must stress the forum rules prohibit the exchanging of personal details so if you were to do this you would need to do this outside of this forum.

I'd also guess Saffron might invesitgate if the same name crops up a large number of times.

It feels like this account is intended for brand new/recent members who won't be eligible for the Member's Month product but know someone who is - in other words it widens eligibility for a loyalty-type RS product, without making it available to everyone.  It also feels like there is a missing condition that you can't apply for this product if you already have a Member's Month Loyalty Saver (or are eligible for one).  Perhaps they will do it the other way round and make holders of the Refer a Friend product ineligible for the forthcoming Member's Month product?

I imagine you can have the members month regular AND 1 of the other 2 regular saver products (same as last year) AND POSSIBLY the refer a friend regular.

Need confirmation though.

Does seem a bit messy anyway.

chris_the_bee

pecunianonolet said:

chris_the_bee said:

ForumUser7 said:

liamcov said:

New account from Saffron! 

Refer a Friend regular saver 8%

£50 month / max £600.

Must complete a 'survey' providing the name of another Saffron customer who has 'referred' you (otherwise they say they will close your account down!)

https://www.saffronbs.co.uk/MM_Refer_a_Friend_Saver

I don’t understand this one - is it basically new customers only?

Saffron
No, existing customers can apply (I just did & account opened), however you must be referred by an existing Saffron member. You must complete the friends details (panel on RHS of web page) before applying. If your spouse has an existing account, you can both refer each other.
.

So OH and I basically just have to open both a new E-Saver today to become customers and once open we refer each other for the reg saver and open that one today too. We fund the reg saver today and again tomorrow? 

Sounds like a lot of faff for very little gain but still better to have £50 at 8% vs £50 at 5% at Cahoot. 

Would the above work?

Saffron
No. 
"You must have been referred by an existing member holding a Member’s Month Loyalty Saver."

jameseonline

pecunianonolet said:

Not having any accounts with Saffron nor do I know somebody personally who does. Is there any way of getting my hands on their regular saver(s) at all? E.g. opening a simple easy access account to become a member and move on from there?

Yes, do exactly that, I have 1 with £10 in, every month it earns like 3p in interest but the main purposes for me are for continued loyalty so can have regular savers, if I need to close a regular the funds can go to that, any maturing regulars funds can go there and it also stops them opening a very limiting maturity account that pays badly & you can't put money into providing you give them maturity instructions.

I think you might need to be a member for a year for their best regular savers if not all.

pecunianonolet

chris_the_bee said:

pecunianonolet said:

chris_the_bee said:

ForumUser7 said:

liamcov said:

New account from Saffron! 

Refer a Friend regular saver 8%

£50 month / max £600.

Must complete a 'survey' providing the name of another Saffron customer who has 'referred' you (otherwise they say they will close your account down!)

https://www.saffronbs.co.uk/MM_Refer_a_Friend_Saver

I don’t understand this one - is it basically new customers only?

Saffron
No, existing customers can apply (I just did & account opened), however you must be referred by an existing Saffron member. You must complete the friends details (panel on RHS of web page) before applying. If your spouse has an existing account, you can both refer each other.
.

So OH and I basically just have to open both a new E-Saver today to become customers and once open we refer each other for the reg saver and open that one today too. We fund the reg saver today and again tomorrow? 

Sounds like a lot of faff for very little gain but still better to have £50 at 8% vs £50 at 5% at Cahoot. 

Would the above work?

Saffron
No. 
"You must have been referred by an existing member holding a Member’s Month Loyalty Saver."

Ok, won't bother in that case. 

jameseonline

Had 2 Regulars mature:
I had my TSB mature & interest credited today, £782.36, £750 funds + £32.36 interest.

Think it may have matured early but I'm not complaining.

I also had my Club Lloyds mature, £1758.42, £1663.39 funds + £95.03 interest.

Opened a new Club Lloyds earlier with £400.

Also withdrew most of my funds from NatWest & RBS regulars & transferred to my Santander Edge Saver.

Sorted myself with a decent Iceland shop too because I need to stock up & wasn't expecting the money to be available.

Not sure if there's not much else I can do at the mo, maybe try my luck with Principality?, probably can't fund Club Lloyds again until July because of the way my deposit is dated.

Saffron ending on 6th June, according to the maturity thing that's going to be £26.46 on £600 funds.
Principality 6 Month ending on 10th June.
Principality 6 Month ending on 28th June.

35har1old

IanManc said:

10_66 said:

Hattie627 said:

Principality BS

My Regular Saver Bond Issue 34, with a maturity date of 30 May, now showing as matured into a 6 month RS (Issue 3) (my fourth of that issue, edited to third, my fourth expected on 5 June), with maturity interest added of £100.66 and £200 rolled-over and account number maintained. New MD of 30th Nov 2025. 

Balance expected into my nominated account later today. (Edited to add: Balance of £2900.66 received in nominated account before 10am on maturity date. Very efficiently done)


Hopefully Lisa won't notice what's happened

My 6 Month (2) matures next week, as the option was available I gave my instructions a few days' ago for renewal to another 6 Month (3).  I checked the screenshot I took when I gave instructions and it does confirm I requested £200 to new 6 Month, the rest to go to nominated bank account.  However, I received a letter today (not the lady who's been mentioned above, but from someone else), saying "they're pleased to confirm they've actioned my request and the funds will go to nominated account".  No mention that £200 will go to new issue 3, which (I think) previous letters have mentioned.  So, I'm not holding my breath 

I gave the same instruction as you in the same circumstances for a 6 month account that matured today, and also got exactly the same letter, but my instructions have been fully carried out, so I've now got my second 6 Month Issue 3 with £200 in it, and the rest of my money is in my current account.

I would be concerned if they discover the error as you have ticked a box confirming that you have read the summary.

surreysaver

35har1old said:

IanManc said:

10_66 said:

Hattie627 said:

Principality BS

My Regular Saver Bond Issue 34, with a maturity date of 30 May, now showing as matured into a 6 month RS (Issue 3) (my fourth of that issue, edited to third, my fourth expected on 5 June), with maturity interest added of £100.66 and £200 rolled-over and account number maintained. New MD of 30th Nov 2025. 

Balance expected into my nominated account later today. (Edited to add: Balance of £2900.66 received in nominated account before 10am on maturity date. Very efficiently done)


Hopefully Lisa won't notice what's happened

My 6 Month (2) matures next week, as the option was available I gave my instructions a few days' ago for renewal to another 6 Month (3).  I checked the screenshot I took when I gave instructions and it does confirm I requested £200 to new 6 Month, the rest to go to nominated bank account.  However, I received a letter today (not the lady who's been mentioned above, but from someone else), saying "they're pleased to confirm they've actioned my request and the funds will go to nominated account".  No mention that £200 will go to new issue 3, which (I think) previous letters have mentioned.  So, I'm not holding my breath 

I gave the same instruction as you in the same circumstances for a 6 month account that matured today, and also got exactly the same letter, but my instructions have been fully carried out, so I've now got my second 6 Month Issue 3 with £200 in it, and the rest of my money is in my current account.

I would be concerned if they discover the error as you have ticked a box confirming that you have read the summary.

If the computer allows it to be opened, the computer must share the responsibility with the customer 

jameseonline

Just opened my 1st Principality 6 Month Issue 3 & sent £200 to it, I'll try my luck getting another in a few days 🤣

ForumUser7

jameseonline said:

Just opened my 1st Principality 6 Month Issue 3 & sent £200 to it, I'll try my luck getting another in a few days 🤣

Did you get a message saying the reference didn't match when you made the deposit? Wondering if this is normal when the account is recently opened