The Top Regular Savers Discussion Thread

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.

Bridlington1

flaneurs_lobster said:

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

You seem to be having more luck than me then, a message came up saying they'll be in touch within the next few working days in my case.

GetRichOrDieSaving

Bridlington1 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… 

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.

This will be it for sure. I attempted the 1st July deposit around 7am if I remember correctly. Thanks for the replies everyone! 

flaneurs_lobster

Bridlington1 said:

flaneurs_lobster said:

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

You seem to be having more luck than me then, a message came up saying they'll be in touch within the next few working days in my case.

No change of address for >10 years probably helps with the ID check - my guess.

Bob2000

So my First  Direct regular saver  and Virgin 10% one matures on the 29th and 31st. 

Was thinking of putting the funds into my Skipton members' saver(already been open for 6 weeks with 1k), and Cahoot sunny day saver  just applied  this morning(empty atm).

If l just left the fund in the accounts for the term instead of opening  First Direct  again and another regular savers maybe TSB?? and drip feeding across how much would l be down by?
Thanks

friolento

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 

@Andystriker thank you for the heads up. I don't suppose he said whether it can be opened online, or just in Branch or by post?

clairec666

Bob2000 said:

So my First  Direct regular saver  and Virgin 10% one matures on the 29th and 31st. 

Was thinking of putting the funds into my Skipton members' saver(already been open for 6 weeks with 1k), and Cahoot sunny day saver  just applied  this morning(empty atm).

If l just left the fund in the accounts for the term instead of opening  First Direct  again and another regular savers maybe TSB?? and drip feeding across how much would l be down by?
Thanks

TSB's monthly saver is only 5% so probably not worth it.

Quick rough calculation - £3000 in the Skipton members' saver at 5% for a full year will gain you £150 in interest. Drip-feeding £250 a month into a regular saver at 7% will gain you an extra £32.

apt

Bob2000 said:

So my First  Direct regular saver  and Virgin 10% one matures on the 29th and 31st. 

Was thinking of putting the funds into my Skipton members' saver(already been open for 6 weeks with 1k), and Cahoot sunny day saver  just applied  this morning(empty atm).

If l just left the fund in the accounts for the term instead of opening  First Direct  again and another regular savers maybe TSB?? and drip feeding across how much would l be down by?
Thanks

The only good reason not to open the First Direct regular saver again is if you think you might need the money before the year term is up.

clairec666

apt said:

Bob2000 said:

So my First  Direct regular saver  and Virgin 10% one matures on the 29th and 31st. 

Was thinking of putting the funds into my Skipton members' saver(already been open for 6 weeks with 1k), and Cahoot sunny day saver  just applied  this morning(empty atm).

If l just left the fund in the accounts for the term instead of opening  First Direct  again and another regular savers maybe TSB?? and drip feeding across how much would l be down by?
Thanks

The only good reason not to open the First Direct regular saver again is if you think you might need the money before the year term is up.

Or go with Zopa instead which is a variable rate but allows withdrawals