The Top Regular Savers Discussion Thread

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  • masonic
    masonic Posts: 26,816 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    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)?
    The RS is a pot in their Smart Saver product. Available only to current account holders.
  • clairec666
    clairec666 Posts: 139 Forumite
    100 Posts
    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
    I'm new to Zopa, installed the app last week and was immediately able to open the current account, and once that was set up I was able to open the regular saver. No invite necessary.

    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.
    Failed to find any proper T&Cs, but the FAQs don't say anything about closing the regular saver pot. General T&Cs at https://www.datocms-assets.com/23873/1729850844-smart-saver-terms-update-29-10-2024.pdf.
  • flaneurs_lobster
    flaneurs_lobster Posts: 6,211 Forumite
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    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
    I'm new to Zopa, installed the app last week and was immediately able to open the current account, and once that was set up I was able to open the regular saver. No invite necessary.

    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.
    Failed to find any proper T&Cs, but the FAQs don't say anything about closing the regular saver pot. General T&Cs at https://www.datocms-assets.com/23873/1729850844-smart-saver-terms-update-29-10-2024.pdf.
    Thanks for those. Not much use, just says pots can be closed once they are empty. 

    If there were only a month or so to run at 7.5% I'd risk it but 4 months - nah.
  • trickydicky14
    trickydicky14 Posts: 1,223 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    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)?
    Thanks

    No, I don't. They've never had the highest rate available to me. Hopefully when the 7.1% RS comes out, the beta status is removed and it's available to all applicants 
    You know what they say, you've got to be in it to win it.
    I choose the rooms that I live in with care,
    The windows are small and the walls almost bare,
    There's only one bed and there's only one prayer;
    I listen all night for your step on the stair.
  • clairec666
    clairec666 Posts: 139 Forumite
    100 Posts
    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
    I'm new to Zopa, installed the app last week and was immediately able to open the current account, and once that was set up I was able to open the regular saver. No invite necessary.

    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.
    Failed to find any proper T&Cs, but the FAQs don't say anything about closing the regular saver pot. General T&Cs at https://www.datocms-assets.com/23873/1729850844-smart-saver-terms-update-29-10-2024.pdf.
    Thanks for those. Not much use, just says pots can be closed once they are empty. 

    If there were only a month or so to run at 7.5% I'd risk it but 4 months - nah.
    "From time to time, we may make exclusive pot types available in the Zopa app that have certain eligibility criteria (such as needing to have another Zopa product).... If you don’t meet the eligibility criteria, you won’t be able to access this particular pot type, but you’ll still be able to use the rest of your account like normal."

    Sounds like there's no guarantee you'll be able to open a new regular saver, so I wouldn't risk it!
  • trickydicky14
    trickydicky14 Posts: 1,223 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    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
    I'm new to Zopa, installed the app last week and was immediately able to open the current account, and once that was set up I was able to open the regular saver. No invite necessary.

    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.
    Failed to find any proper T&Cs, but the FAQs don't say anything about closing the regular saver pot. General T&Cs at https://www.datocms-assets.com/23873/1729850844-smart-saver-terms-update-29-10-2024.pdf.
    Thanks for those. Not much use, just says pots can be closed once they are empty. 

    If there were only a month or so to run at 7.5% I'd risk it but 4 months - nah.
    For a drop in rates of 0.4% and 4 months to run I think I will stick.
    I choose the rooms that I live in with care,
    The windows are small and the walls almost bare,
    There's only one bed and there's only one prayer;
    I listen all night for your step on the stair.
  • s71hj
    s71hj Posts: 588 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    s71hj said:
    Bob2000 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.
    What is the process for that on the PayPal app. I've never quite managed to work it out!
  • flaneurs_lobster
    flaneurs_lobster Posts: 6,211 Forumite
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    s71hj said:
    s71hj said:
    Bob2000 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.
    What is the process for that on the PayPal app. I've never quite managed to work it out!
    The adding of a card or the paying f&f or having 2 accounts?
  • s71hj
    s71hj Posts: 588 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    s71hj said:
    s71hj said:
    Bob2000 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.
    What is the process for that on the PayPal app. I've never quite managed to work it out!
    The adding of a card or the paying f&f or having 2 accounts?
    The paying bit
  • MisterMotivated
    MisterMotivated Posts: 601 Forumite
    Part of the Furniture 500 Posts Name Dropper
    [Quoted post removed by Forum Team]
    Same for me. 2nd issue 3 now open.

    I mistakenly made a 7th payment of £200 to my issue 2 on the 1st June. I expected the money to be returned to me, but it was credited to the account which gave me a total of £1400.

    £200 is now sitting in my issue 3 and £1228 is being paid to my nominated bank acc.

    Hopefully when some of their interest rates drop on 19th, they'll release a 6 Month Regular Saver Issue 4
    But probably with a lower interest rate than the issue 3  :'(

    Still, even if it's 7%, it'll be worth having

    True, but that would then give me the chance at having 4x 6 Month Regular Savers  :)
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