The Top Regular Savers Discussion Thread

s71hj

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 %

I have a feeling that these types of accounts are to some extent flagships/ bait to attract in customers, so having done this reduction they will keep it here for a while, so that in 6 months if rates continue to drop it looks a lot more attractive again. It's why I stick with Santander Edge up to fund my regular savers 

chris_the_bee

flaneurs_lobster said:

Saver53 said:

Saffron Refer a Friend
My Refer a Friend account (oened before Monday's "clarification" of the T&Cs) has been closed this morning as I was an existing customer.  I got a full 3p interest....

Anyone fancy being the first to make a formal complaint about these closures and demand compensation?

Saffron Refer a Friend
I also received closure and 3p interest. Plus an email saying:- 

"We’ve closed your savings account

Thank you for your request to close this account. We’ve carried out the closure and the balance sent as per your request."

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

I feel a complaint is justified.

flaneurs_lobster

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.

Middle_of_the_Road

s71hj 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 %

I have a feeling that these types of accounts are to some extent flagships/ bait to attract in customers, so having done this reduction they will keep it here for a while, so that in 6 months if rates continue to drop it looks a lot more attractive again. It's why I stick with Santander Edge up to fund my regular savers 

Totally agree, I wouldn't withdraw for a maybe temporary small percentage gain.  NatWest and RBS savers are a solid proposition, with stable rates compared to other options.

trickydicky14

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.

Bob2000

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!

WillPS

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.

s71hj

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!

steven141

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.

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.