The Top Regular Savers Discussion Thread

mon3ysav3r

I phoned Suffolk BS for the first time today, it was answered quickly and they were really helpful (my account got locked as I wasn't receiving 2FA text messages to complete the login) - While I was on the phone they confirmed you can open multiple online 1 Yr Fixed Rate Regular Savers as long as they are different "issues", those with different end dates, so I did!

chris_the_bee

mon3ysav3r said:

I phoned Suffolk BS for the first time today, it was answered quickly and they were really helpful (my account got locked as I wasn't receiving 2FA text messages to complete the login) - While I was on the phone they confirmed you can open multiple online 1 Yr Fixed Rate Regular Savers as long as they are different "issues", those with different end dates, so I did!

You can also open multiple postal 1 Yr Fixed Rate Regular Savers as long as they are different "issues" as well.

flaneurs_lobster

Dudley Loyalty Regular Saver

flaneurs_lobster said:

RosieRooBear said:

Dudley Loyalty Regular Saver
Have just spoken to Customer Services at Dudley BS as I opened my account last night but funds didn’t get credited until this morning. She has confirmed that as long as the account was opened on or before 17th July whether funded or not then you are eligible for the Loyalty RS.

checkly said:

Just rang CS and was told that it had to be funded by 17th July so no point them sending me an application form!  Oh well!

Mine's opened 17th, showing funded next day. One of those CS agents is correct, I've filled the form out so might as well spend the postage to find out which.

My Dudley Loyalty Regular Saver now showing in my online account. That was impressively quick, only posted the application yesterday.

Kim_13

Anyone get an email from Coventry reminding them to pay in by the end of July to qualify for the last Sunny Day Saver draw in August? I don’t know why they send it to me as I paid in on the 1st and now wonder whether paying in too early in the month has meant being erroneously left out. At least when you didn’t win with Nationwide you got an email confirming that you had been entered.

francoghezzi

Kim_13 said:

Anyone get an email from Coventry reminding them to pay in by the end of July to qualify for the last Sunny Day Saver draw in August? I don’t know why they send it to me as I paid in on the 1st and now wonder whether paying in too early in the month has meant being erroneously left out. At least when you didn’t win with Nationwide you got an email confirming that you had been entered.

I do think that the e mail is just a generic reminder, nothing to do with your personal balance on that account and has been obviously sent to everybody. I deposited money well after the first week in July and received it today as well

J63320

Kim_13 said:

Anyone get an email from Coventry reminding them to pay in by the end of July to qualify for the last Sunny Day Saver draw in August? I don’t know why they send it to me as I paid in on the 1st and now wonder whether paying in too early in the month has meant being erroneously left out. At least when you didn’t win with Nationwide you got an email confirming that you had been entered.

I think some banks and building societies aren’t very clever with their emails. I opened a Club Lloyds Monthly Saver last week and transferred the maximum monthly payment of £400 into it on the same day. The following day I got an email from Lloyds saying that in order to make the most of my new account I should pay some money into it as soon as possible!

clairec666

francoghezzi said:

Kim_13 said:

Anyone get an email from Coventry reminding them to pay in by the end of July to qualify for the last Sunny Day Saver draw in August? I don’t know why they send it to me as I paid in on the 1st and now wonder whether paying in too early in the month has meant being erroneously left out. At least when you didn’t win with Nationwide you got an email confirming that you had been entered.

I do think that the e mail is just a generic reminder, nothing to do with your personal balance on that account and has been obviously sent to everybody. I deposited money well after the first week in July and received it today as well

I haven't had a reminder. Then again, I can't find any email correspondence from Coventry, even when I opened accounts, so maybe I didn't supply them with an email address.

chris_the_bee

Payments to BS over weekends
I seem to remember there was a list of which BS do not accept payments over weekends, deferring them to the next business day.
Also similar for after business hours payments.
Can anyone help please.

UndergroundSaxClub

Hopefully an easy one.

Recently completed a switch to RBS for the £125 incentive, now opening a DRS for the extra £50. Is using this account as advertised "pointless" if I have a lump sum, or can save around 800pcm rather than 150? I'm not great with numbers, but I think I would get a better return just sticking a big lump into an easy-access savings account rather than top this up for X amount of years.

PRAISETHESUN

UndergroundSaxClub said:

Hopefully an easy one.

Recently completed a switch to RBS for the £125 incentive, now opening a DRS for the extra £50. Is using this account as advertised "pointless" if I have a lump sum, or can save around 800pcm rather than 150? I'm not great with numbers, but I think I would get a better return just sticking a big lump into an easy-access savings account rather than top this up for X amount of years.

The higher interest rate will always be the better place to save your money, even with the deposit restrictions for RS accounts. Best way to maximise your return is to whack your lump sum into a high interest easy access savings account and drip feed it each month into the even higher interest DRS account (or any of the other RS accounts discussed in this thread).