The Top Regular Savers Discussion Thread

happybagger

Bridlington1 said:

Furness BS Regular Saver 6 has seen its interest rate reduced from 4.5% to 4.25% at some point between 3/6/25 and today (12/6/25), and has thus been removed from the first page of this thread.

Their Christmas RS Issue 2 (NLA) appears to have remained unchanged at 5.25%.

It was on 3 June it reduced.

allegro120

happybagger said:

Re: Loughborough BS
I attempted to open a Super Saver in branch, as a member of many years but NOT in the postcodes they require.
I thought a trip there way have worked. It did not! No flexibility in their rules.

Not just in Loughborough's rules, post code restrictions aren't negotiable across the board.

Controlthenarrative

happybagger said:

Re: Loughborough BS
I attempted to open a Super Saver in branch, as a member of many years but NOT in the postcodes they require.
I thought a trip there way have worked. It did not! No flexibility in their rules.

 The Super Saver says Local & Loyal on their website at the moment. May be worth another look? States available to new and existing customers in the specified postcodes and customers who had savings or mortgage since 1st June 2025.

Bridlington1

Controlthenarrative said:

happybagger said:

Re: Loughborough BS
I attempted to open a Super Saver in branch, as a member of many years but NOT in the postcodes they require.
I thought a trip there way have worked. It did not! No flexibility in their rules.

 The Super Saver says Local & Loyal on their website at the moment. May be worth another look? States available to new and existing customers in the specified postcodes and customers who had savings or mortgage since 1st June 2025.

Well spotted, it seems the Ts&Cs of both the Loughborough BS 1 Year Super Saver Account (Local) and Loughborough BS 2 Year Super Saver Account (Local) have been amended to include existing customers who have held an account since 1/6/25.

The listings on the first page of this thread shall now be amended accordingly. For now they shall remain in the Local/Loyal/Beta/New Member Only accounts section.

happybagger

Their take on it was the same as mine, "Local AND loyal". I was only loyal NOT local. I tried the personal touch as I was in the area but I won't be for a long time.

I may try by post but don't hold out much hope.

Dizzycap

happybagger said:

Their take on it was the same as mine, "Local AND loyal". I was only loyal NOT local. I tried the personal touch as I was in the area but I won't be for a long time.

I may try by post but don't hold out much hope.

Me too & the same no joy, so won't be faffing with another building society that can't get it together. It's ok being local, if locals have the spare cash to hand to deposit. No doubt, as has been seen before, once Loughborough realise no one in the selected postcodes have spare funds to deposite, they'll be stating 'local OR Loyal', but I won't be holding my breath or faffling around, even then! 

Kim_13

happybagger said:

Their take on it was the same as mine, "Local AND loyal". I was only loyal NOT local. I tried the personal touch as I was in the area but I won't be for a long time.

I may try by post but don't hold out much hope.

You can also try by email.

It did previously say Locals in the bracket, rather than the Local and Loyal that it now says. As those living in the postcode areas don’t have to be loyal at all and only local, it follows that only loyal and not local is also now accepted. The more existing customers that complained about the exclusion, the more likely it was that the criteria would be expanded. As far as the cashier that dealt with you would have known, you’d travelled a long way and been required to be turned away despite years of membership, so that could have been fed to those making the decision.

Even with the wider criteria (having joined as little as two weeks ago is far more relaxed than I’d have expected) the account doesn’t seem to me that it will attract masses of applicants - most people don’t have £500 or £1,000 to set aside every month and if they have, they are prioritising higher paying Regular Savers. So widening eligibility avoids the accounts being total flops for the society.

chris_the_bee

Kim_13 said:

happybagger said:

Their take on it was the same as mine, "Local AND loyal". I was only loyal NOT local. I tried the personal touch as I was in the area but I won't be for a long time.

I may try by post but don't hold out much hope.

You can also try by email.

It did previously say Locals in the bracket, rather than the Local and Loyal that it now says. As those living in the postcode areas don’t have to be loyal at all and only local, it follows that only loyal and not local is also now accepted. The more existing customers that complained about the exclusion, the more likely it was that the criteria would be expanded. As far as the cashier that dealt with you would have known, you’d travelled a long way and been required to be turned away despite years of membership, so that could have been fed to those making the decision.

Even with the wider criteria (having joined as little as two weeks ago is far more relaxed than I’d have expected) the account doesn’t seem to me that it will attract masses of applicants - most people don’t have £500 or £1,000 to set aside every month and if they have, they are prioritising higher paying Regular Savers. So widening eligibility avoids the accounts being total flops for the society.

Loughborough
T''s&C's state:-

• Available to new and existing customers aged 16 years and over, residing in the postcodes LE, DE, NG and customers who had a Loughborough savings account or mortgage since 1st June 2025.

So I don't understand the problem as it says "and,,,".

allegro120

Dizzycap said:

happybagger said:

Their take on it was the same as mine, "Local AND loyal". I was only loyal NOT local. I tried the personal touch as I was in the area but I won't be for a long time.

I may try by post but don't hold out much hope.

Me too & the same no joy, so won't be faffing with another building society that can't get it together. It's ok being local, if locals have the spare cash to hand to deposit. No doubt, as has been seen before, once Loughborough realise no one in the selected postcodes have spare funds to deposite, they'll be stating 'local OR Loyal', but I won't be holding my breath or faffling around, even then! 

I think the reason for post code restrictions is the control of cashflow.  Loughborough is a small BS, they don't lend as much as larger institution and don't need too much idle cash, especially at such high cost. If they open £2k p/m @6% to all they'll end up in loss unless they close the window very soon after the launch. L'bro BS has been there for a long time, I'm sure they know what they are doing.

As for "no one" I deposit £2.8k p/m to L'bro BS.  I'm sure I'm not the only one

ForumUser7

Kim_13 said:

happybagger said:

Their take on it was the same as mine, "Local AND loyal". I was only loyal NOT local. I tried the personal touch as I was in the area but I won't be for a long time.

I may try by post but don't hold out much hope.

You can also try by email.

It did previously say Locals in the bracket, rather than the Local and Loyal that it now says. As those living in the postcode areas don’t have to be loyal at all and only local, it follows that only loyal and not local is also now accepted. The more existing customers that complained about the exclusion, the more likely it was that the criteria would be expanded. As far as the cashier that dealt with you would have known, you’d travelled a long way and been required to be turned away despite years of membership, so that could have been fed to those making the decision.

Even with the wider criteria (having joined as little as two weeks ago is far more relaxed than I’d have expected) the account doesn’t seem to me that it will attract masses of applicants - most people don’t have £500 or £1,000 to set aside every month and if they have, they are prioritising higher paying Regular Savers. So widening eligibility avoids the accounts being total flops for the society.

Wow, I hadn't clocked it was required monthly pay ins - that is quite something. If you had both accounts, and kept them throughout the duration, you would be required to pay in at least £24,000 over the combined terms... A lot of money with such limited withdrawals, and the postal requirement too if far away.

*EDIT* I never get why they can't offer faster payment withdrawals for free as standard, given they do it upon maturity. Must be a costs thing, but it does make it difficult needing to use cheques or pay a tenner