The Top Regular Savers Discussion Thread

Bridlington1

Section62 said:

Bridlington1 said:

jaypers said:

Andystriker said:

Dudley Building Society

 

At their AGM today, it was announced that they are launching a new Regular Saver tomorrow. 

When the AGM closed, they were asked about the details of said new regular saver, and the chief Exec said that it would be 6% for existing members and 5% for new.  When asked how much can be deposited, he intimated it would be £250 per month and be a 12-month account.  He gave very vague answers and he did not seem to know a lot about this new account.   

We will have to wait and see 

Wonder if opening an account tonight would make me an ‘existing member’ haha

I doubt they'd open the account tonight, what's more important to my mind is is there an eligibility cut off date (as is the case with many) or would simply opening another account automatically make you eligible for the 6% RS so long as it's opened before the RS is withdrawn.

In case they make it "for members who joined before 18/07/2025" only, it might be worth opening an easy access account today.

I was mainly referring to the fact that Dudley BS, like some other building societies, let you submit applications late in the evening but the account wouldn't get opened till at least tomorrow, therefore if they did impose a cut off of prior to 18th July 2025 it still wouldn't be enough to make you eligible.

I'd agree though that there'd be no harm in applying for an account tonight though if you're not an existing member.

ThePirates said:

Section62 said:

Bridlington1 said:

jaypers said:

Andystriker said:

Dudley Building Society

 

At their AGM today, it was announced that they are launching a new Regular Saver tomorrow. 

When the AGM closed, they were asked about the details of said new regular saver, and the chief Exec said that it would be 6% for existing members and 5% for new.  When asked how much can be deposited, he intimated it would be £250 per month and be a 12-month account.  He gave very vague answers and he did not seem to know a lot about this new account.   

We will have to wait and see 

Wonder if opening an account tonight would make me an ‘existing member’ haha

I doubt they'd open the account tonight, what's more important to my mind is is there an eligibility cut off date (as is the case with many) or would simply opening another account automatically make you eligible for the 6% RS so long as it's opened before the RS is withdrawn.

In case they make it "for members who joined before 18/07/2025" only, it might be worth opening an easy access account today.

£250 minimum opening balance...

Alternatively, depending on the eligibility criteria, it may be sufficient to simply open the account without funding to gain eligibility for the regular saver, then let them close the EA account once you've got the regular saver.

We shall find out tomorrow if this is the case though.

flaneurs_lobster

Bridlington1 said:

I was mainly referring to the fact that Dudley BS, like some other building societies, let you submit applications late in the evening but the account wouldn't get opened till at least tomorrow, therefore if they did impose a cut off of prior to 18th July 2025 it still wouldn't be enough to make you eligible.

I'd agree though that there'd be no harm in applying for an account tonight though if you're not an existing member.

Indeed, but in this case my EA opened this evening (20:10) and £250 sent by FP

GetRichOrDieSaving

Skipton

How sure is everyone that you can open/fund on 31st July and then again on 1st August? 

Only reason I ask is because I literally opened the Skipton 6.75% Member RS on 30th June and funded then attempted to fund again on 1st July but my second payment was returned… 

clairec666

GetRichOrDieSaving said:

Skipton

How sure is everyone that you can open/fund on 31st July and then again on 1st August? 

Only reason I ask is because I literally opened the Skipton 6.75% Member RS on 30th June and funded then attempted to fund again on 1st July but my second payment was returned… 

It's possible that the 30th June payment was after the cut-off time for payments that day, so it was dated 1st July

GetRichOrDieSaving

clairec666 said:

GetRichOrDieSaving said:

Skipton

How sure is everyone that you can open/fund on 31st July and then again on 1st August? 

Only reason I ask is because I literally opened the Skipton 6.75% Member RS on 30th June and funded then attempted to fund again on 1st July but my second payment was returned… 

It's possible that the 30th June payment was after the cut-off time for payments that day, so it was dated 1st July

It may well have been, I cannot remember now to be honest with you but that might have been the reason. 

Bridlington1

GetRichOrDieSaving said:

Skipton

How sure is everyone that you can open/fund on 31st July and then again on 1st August? 

Only reason I ask is because I literally opened the Skipton 6.75% Member RS on 30th June and funded then attempted to fund again on 1st July but my second payment was returned… 

How early in the day did you try funding it on 1st July and how late in the day did you fund on 30th June?

In my experience there's a delay around the turn of the month with Skipton's systems recognising it's a new month so if you try funding a regular saver at, say 1am on 1st July when it already got fully funded in June the payment bounces but if I try making the payment around 9am it goes through.

Additionally if you try making a payment too late in the day it gets treated as having been received the next day.

I've opened/funded previous Skipton regular savers on the last day of the month before funding again the next day without issues, though have typically made payments into Skipton around mid-late morning.

ForumUser7

Everyone concur that the easy access £250 min balance is the account with the lowest minimum operating balance at Dudley that can be opened online, that is not an ISA?

Section62

ThePirates said:

Section62 said:

Bridlington1 said:

In case they make it "for members who joined before 18/07/2025" only, it might be worth opening an easy access account today.

£250 minimum opening balance...

Doesn't have to be there long... if at all.  As soon as the RS account is opened the EA one could be emptied and closed.

Kim_13

GetRichOrDieSaving said:

Skipton

How sure is everyone that you can open/fund on 31st July and then again on 1st August? 

Only reason I ask is because I literally opened the Skipton 6.75% Member RS on 30th June and funded then attempted to fund again on 1st July but my second payment was returned… 

Sometimes payments in are refused if attempted early in the morning, before the allowance has reset. If funding by SO, it all depends when your bank sends the payment. I have had to come back later and re-try a Debit Card deposit before now.

flaneurs_lobster

ForumUser7 said:

Everyone concur that the easy access £250 min balance is the account with the lowest minimum operating balance at Dudley that can be opened online, that is not an ISA?

Didn't look terribly hard but I think so.