The Top Regular Savers Discussion Thread

WillPS

Still no accounts open on either of our Saffron profiles, nor any messages.

We both applied for the MM Loyalty Saver on Sunday before the goalpost shifting on the R-a-F savers began. 

Will give it til the end of the week.

BestSeagull

mon3ysav3r said:

BestSeagull said:

IanManc said:

ChewyyBacca said:

mon3ysav3r said:

Progressive login screen reads "We have sent a 6-digit access code to you by SMS or WhatsApp. It may take five minutes for your code to arrive." but the input just says to enter "6 Digit WhatsApp Code".

It took a few minutes to arrive and I could login, wonder if it detects those without WhatsApp and falls back to SMS?

I used to get a 2 min delayed SMS
Today no SMS, no whatsapp either.
Tried ''resend code'', still waiting for code to arrive, been 15 mins now

I've got a dumbphone, so no WhatsApp. I waited ten minutes for a code by SMS, then requested another, and now 15 minutes later I've received nothing.

How ****** useless.

I just called them. I don't want WhatsApp or an authenticator app. It's far from ideal but they can give you the code over the phone so even without a smartphone you can still access your online account, during business hours at least.

Giving codes out to a caller does of course completely negate the entire point of the "something they have" part of a multi factor authentication!

How are they verifying that you are who you say you are, using some of the existing password or memorable information?

You're right. And it was the most basic security just some combination of name, address, date of birth. 

For what it's worth, I got the impression that they are trying really hard to do the right thing even if they seem to be out in left field with their method.

One thing that was mentioned was that there is an App in the works so perhaps this current system is temporary. 

flaneurs_lobster

BestSeagull said:

One thing that was mentioned was that there is an App in the works so perhaps this current system is temporary. 

Them introducing an app is not going to help those people without a smartphone.

2FA by SMS is not the most secure of the usual methods but it's better than asking for your first pet's name over the phone.

Poor that they have simply turned it off.

charlie12525

Hanley Economic Building Society

Received an email detailing interest rate cuts w.e.f. 01/07/25.

The one that affects me is the Online Reg Saver which drops from 4.7% to 4.4%.

This was one of my best reg savers due to the high monthly pay in allowance but I have now changed my standing order from the max of 1000 to the min of 250. Might close it later this month.

Middle_of_the_Road

charlie12525 said:

Hanley Economic Building Society

Received an email detailing interest rate cuts w.e.f. 01/07/25.

The one that affects me is the Online Reg Saver which drops from 4.7% to 4.4%.

This was one of my best reg savers due to the high monthly pay in allowance but I have now changed my standing order from the max of 1000 to the min of 250. Might close it later this month.

I've done the same as you. I'm not closing the account as the rate will still be decent for an easy access account.
Five withdrawals permitted annually, also if you miss 3 months deposits they can terminate the account.
I'll maybe miss out a couple of deposits and see how things stand. If rates were to increase, it could be worth retaining. An open ended reg.saver is a very useful account.

Section62

flaneurs_lobster said:

BestSeagull said:

One thing that was mentioned was that there is an App in the works so perhaps this current system is temporary. 

Them introducing an app is not going to help those people without a smartphone.

2FA by SMS is not the most secure of the usual methods but it's better than asking for your first pet's name over the phone.

Poor that they have simply turned it off.

Progressive

I got a bad vibe from them over their account opening and ID checking process, so decided to give them a miss, even though the RS account was a good offer.

Glad I did, as what they've done now with the SMS facility is out of order.

Not progressive at all.

soulsaver

charlie12525 said:

Hanley Economic Building Society

Received an email detailing interest rate cuts w.e.f. 01/07/25.

The one that affects me is the Online Reg Saver which drops from 4.7% to 4.4%.

This was one of my best reg savers due to the high monthly pay in allowance but I have now changed my standing order from the max of 1000 to the min of 250. Might close it later this month.

When I got to the stage that cash flow'd mean I'd have to take money from a same rate/better ac to fund the Hanleys I decided not to add any more. That was 2 months ago.

After the rate notification I've reduced the bal to £1k and I'll wait for the 60 day notice of closure (or rates everywhere else fall to make 4.40 competitive) before deciding whether to close it.

As you say, an open ended RS with a high deposit is NTH.. if the rate is even 'just OK'.

And the Skipton 5% EA needs funding....

pecunianonolet

Skipton

My regular saver matures today, will I get interest and funds today or only tomorrow and be able to open a new regular saver? I provided instructions to send funds to my nominated account.

UKX69

Section62 said:

flaneurs_lobster said:

BestSeagull said:

One thing that was mentioned was that there is an App in the works so perhaps this current system is temporary. 

Them introducing an app is not going to help those people without a smartphone.

2FA by SMS is not the most secure of the usual methods but it's better than asking for your first pet's name over the phone.

Poor that they have simply turned it off.

Progressive

I got a bad vibe from them over their account opening and ID checking process, so decided to give them a miss, even though the RS account was a good offer.

Glad I did, as what they've done now with the SMS facility is out of order.

Not progressive at all.

I was thinking of opening a R/S with them. Don’t like the excessive ID criteria though. Did you go as far as applying?

Rudyson

UKX69 said:

Section62 said:

flaneurs_lobster said:

BestSeagull said:

One thing that was mentioned was that there is an App in the works so perhaps this current system is temporary. 

Them introducing an app is not going to help those people without a smartphone.

2FA by SMS is not the most secure of the usual methods but it's better than asking for your first pet's name over the phone.

Poor that they have simply turned it off.

Progressive

I got a bad vibe from them over their account opening and ID checking process, so decided to give them a miss, even though the RS account was a good offer.

Glad I did, as what they've done now with the SMS facility is out of order.

Not progressive at all.

I was thinking of opening a R/S with them. Don’t like the excessive ID criteria though. Did you go as far as applying?

I was verified electronically when I opened the account, you may not need to jump through any ID hoops