The Top Regular Savers Discussion Thread

clairec666

steven141 said:

Our Regular Saver pot rate is changing soon

As a Zopa bank account customer, you’re eligible to open a Regular Saver pot. It lets you save up to £300 a month, withdraw anytime and earn 7.5% AER* (7.25% gross**) — fixed for a year.

This rate will expire on 17th June. After that, you'll still be able to open a Regular Saver pot, but you’ll earn a lower, variable interest rate of 7.1% AER* (6.87% gross**).

To open a Regular Saver pot in your Smart Savings Hub, tap ‘Open a pot’ and select the ‘Regular Saver pot’ option.

Snap it up now - the existing rate is fixed for a year, the new (lower) rate is variable.

mooneysaver

WillPS said:

flaneurs_lobster said:

chris_the_bee said:

Which is also incorrect, as I certainly did not request closure.

I feel a complaint is justified.

Are you serious?

I was being flippant, trying to persuade people that we don't need dozens of posts on here detailing the identical way in which Saffron have closed these accounts for them.

They aren't identical. I think individual posts are merited.

I'm not sure they are different enough to warrant separate posts.

Kim_13

It would be interesting to know whether anyone escapes being caught - perhaps if an account stays open long enough to get a 2nd payment in (or 3rd if anyone got a payment in dated 31 May.)

flaneurs_lobster

clairec666 said:

steven141 said:

Our Regular Saver pot rate is changing soon

As a Zopa bank account customer, you’re eligible to open a Regular Saver pot. It lets you save up to £300 a month, withdraw anytime and earn 7.5% AER* (7.25% gross**) — fixed for a year.

This rate will expire on 17th June. After that, you'll still be able to open a Regular Saver pot, but you’ll earn a lower, variable interest rate of 7.1% AER* (6.87% gross**).

To open a Regular Saver pot in your Smart Savings Hub, tap ‘Open a pot’ and select the ‘Regular Saver pot’ option.

Snap it up now - the existing rate is fixed for a year, the new (lower) rate is variable.

My Zopa RS is fixed until 03/10. Worth trying to close and reopen to secure 7.5% for another year?

I haven't checked the t&cs yet. Hope I saved them, finding such things on the Zopa website is hard.

flaneurs_lobster

s71hj said:

Bob2000 said:

trickydicky14 said:

devansuk said:

I have the fear of withdrawing my natwest digital regular saver account to another higher interest easy access account because it took me years to get to 5k from only £150 a month out! Anyone else feel the same? Wondering if its worth it for the extra 0.5 %

The thing is you can get to 5K much quicker these days with 5x round ups.

I know last month l managed to add an extra £208.83 just by using the ×5 round up.
Bit sick of carrots and bananas now, though!

Presumably round ups can also be achieved eg by debit card payments into own account with a building society account, Trading 212, Revolut etc etc rather than supermarket purchases? It's something I want to start doing, hence the question!

I've got the debit card linked to PayPal and doing a Friends'n'Family transfer of 1p from Me1 to Me2 (2nd PayPal account). Been doing this once daily since the 5x roundup came in. Shifts £4.95/day to the DRS. Takes a minute.

Don't really use PayPal or the NatWest account for anything else so no real concerns about being shut down.

MSE_JC

Hi all,

We've been made aware of users not only posting the names of company employees but proceeding to use the names as derogatory shorthand.

First and foremost, the Forum rules prohibit the sharing of personally identifiable information - both your own and that of others. This is to keep people safe.

Furthermore, the Forum is intended to be a useful MoneySaving resource where users conduct themselves respectfully. This helps it to stay a welcoming space, but also keeps it on topic.

Companies, organisations and those reasonably deemed to be in the public eye (like celebrities, well-known CEOs etc) are fair game for legitimate, reasoned, non-libellous criticism related to MoneySaving. Individual employees aren't. Play the ball, not the man.

Persistent breaches of this rule will be addressed by our ACT process.

devansuk

Thanks for all the comments about the DRS it was the Santander edge account  I'm thinking of transferring too. 

Ive always dipped into other regualar savers when I've needed too but never my drs!

ThePirates

flaneurs_lobster said:

clairec666 said:

steven141 said:

Our Regular Saver pot rate is changing soon

As a Zopa bank account customer, you’re eligible to open a Regular Saver pot. It lets you save up to £300 a month, withdraw anytime and earn 7.5% AER* (7.25% gross**) — fixed for a year.

This rate will expire on 17th June. After that, you'll still be able to open a Regular Saver pot, but you’ll earn a lower, variable interest rate of 7.1% AER* (6.87% gross**).

To open a Regular Saver pot in your Smart Savings Hub, tap ‘Open a pot’ and select the ‘Regular Saver pot’ option.

Snap it up now - the existing rate is fixed for a year, the new (lower) rate is variable.

My Zopa RS is fixed until 03/10. Worth trying to close and reopen to secure 7.5% for another year?

I haven't checked the t&cs yet. Hope I saved them, finding such things on the Zopa website is hard.

Mine runs out in November, so a close and restart, if possible, would be useful.

ForumUser7

Can someone remind me - is it still a case of you need to wait to be invited for Zopa CA then open the RS please? Thanks

flaneurs_lobster

ForumUser7 said:

Can someone remind me - is it still a case of you need to wait to be invited for Zopa CA then open the RS please? Thanks

According to their website you still need to be invited to open a (beta) current account. It does not mention a regular saver. 

Do you have an "account" with them (ie some money in a saver pot or some other product)?