The Top Regular Savers Discussion Thread

subjecttocontract

I just checked the YBS website and I don't see any accounts that I could describe as competitive..

WillPS

jameseonline said:

I've just checked my Market Harborough Regular Saver account and I'm wondering why they added £6.27 interest on the 30th November last year, do they do more than 1 interest payment a year then or did they mess up somewhere or is that when they usually do interest payments or what?.

I 1st funded it £250 on 30th September then £250 on 1st October, then £250 1st November then that interest came in.

If anyone could help that would be great.

The account has a fixed term ending November 30th, 2025 - so they made an interest payment on November 30th 2024 so they're not paying more than 12 months of interest at once.

The approach with this varies from provider to provider. Some will start a 12 month term from account opening or initial deposit (and so interest is payable only upon maturity/closure). Others will pay interest on the last/first working day of every year, as well as closure/maturity. Others do another arbitrary date.

Nottingham BS are in the same boat as MHBS - setting an interim interest payment exactly 12 months before maturity.

chris_the_bee

jameseonline said:

I've just checked my Market Harborough Regular Saver account and I'm wondering why they added £6.27 interest on the 30th November last year, do they do more than 1 interest payment a year then or did they mess up somewhere or is that when they usually do interest payments or what?.

I 1st funded it £250 on 30th September then £250 on 1st October, then £250 1st November then that interest came in.

If anyone could help that would be great.

Market Harborough Regular Saver
The title of the account is "Fixed term regular saver (30/11/2025)" Interest is paid on 30th November. Therefore 30-11-2024 and also  30-11-2025 at maturity.

Hattie627

jameseonline said:

I've just checked my Market Harborough Regular Saver account and I'm wondering why they added £6.27 interest on the 30th November last year, do they do more than 1 interest payment a year then or did they mess up somewhere or is that when they usually do interest payments or what?.

I 1st funded it £250 on 30th September then £250 on 1st October, then £250 1st November then that interest came in.

If anyone could help that would be great.

The account terms state that interest is "available" on 30th November 2024 and 30th November 2025 (maturity). I funded on 27th Sep 2024, 1st October 2024 and 1st November 2024 (£250 each time) and the account was credited with £6.39 interest on 30th November 2024.

schiff

Here we go again! Email from Mitek with YBS content so I'm not sure who from. Your account is not open yet - you have three days left to check your ID. Get started with your ID checks.
Made a complaint with the facility of the form provided. Basically telling them I'd done it. Closed two EA accounts, reduced the other to the £1 minimum. That'll teach 'em! Not going to add to the two remaining RSs - for now anyway. 

apt

subjecttocontract said:

I just checked the YBS website and I don't see any accounts that I could describe as competitive..

That's true currently, but they've had very good loyalty savers in the past and I expect their time will come again. I still use ex-Egg accounts with YBS for an easy way to generate direct debits and, while the free fivers are still going, making debit card payments from Halifax reward accounts.

friolento

apt said:

subjecttocontract said:

I just checked the YBS website and I don't see any accounts that I could describe as competitive..

That's true currently, but they've had very good loyalty savers in the past and I expect their time will come again. I still use ex-Egg accounts with YBS for an easy way to generate direct debits and, while the free fivers are still going, making debit card payments from Halifax reward accounts.

Straying a bit off-topic but I find YBS useful for splitting ISAs when you are stuck with an ISA provider who doesn’t support partial transfers out. YBS do manage the transfer process very well, and they support partial transfers out. I did open an ISA with them in the last month and didn’t have to go through any of the verification malarkey (have held YBS accounts for years). May be I was just lucky.

The other positive for some people is their widespread Branch network, although most things can be done in the app/online, and I found their CS easily contactable and very competent.

Kim_13

friolento said:

apt said:

subjecttocontract said:

I just checked the YBS website and I don't see any accounts that I could describe as competitive..

That's true currently, but they've had very good loyalty savers in the past and I expect their time will come again. I still use ex-Egg accounts with YBS for an easy way to generate direct debits and, while the free fivers are still going, making debit card payments from Halifax reward accounts.

Straying a bit off-topic but I find YBS useful for splitting ISAs when you are stuck with an ISA provider who doesn’t support partial transfers out. YBS do manage the transfer process very well, and they support partial transfers out. I did open an ISA with them in the last month and didn’t have to go through any of the verification malarkey (have held YBS accounts for years). May be I was just lucky.

The other positive for some people is their widespread Branch network, although most things can be done in the app/online, and I found their CS easily contactable and very competent.

I’ve also not been asked as yet (just the time taken for them to complete extra checks) and wonder whether those who have been asked are those that have moved in the last three years. Has anyone been asked for a Mitek without a semi-recent change of address?

easysaver

Aldermore RS Account Issue 1
Has anyone had a 13th payment accepted and not returned? There's nothing in their terms but I seem to remember someone had their 13th payment returned.

CricketLady

Bridlington1 said:

Aidanmc said:

I will be needing to withdraw from some of my lower paying Regular savers in order to fund higher interest ones for the next month or two, until some current ones mature.

Starting with 5% ones, Santander, Penrith, Darlington, Melton RS5.

Think its better to withdraw rather that close them.

I believe the Coventry Loyalty RS has penalty for withdrawal, so will leave that for now and not fund it.

Out of those ones Santander, Darlington and Penrith are still around at 5% so rather than withdrawing from them I'd be more inclined to ``refresh" them as it would allow you to push the maturity date on a bit.

Melton has no maturity date so you may as well just withdraw from it as you stated.

Good afternoon,

Please could someone tell me how would I refresh my Darlington 5% account?  I've only ever refreshed Lloyds before, I need the £1500 back from my Darlington but I'd also love to have an account maturing in July next year (it's currently my only "empty" month) so if I could refresh it tomorrow that would be great.

Thank you so much x