The Top Regular Savers Discussion Thread

Bobblehat

Bridlington1 said:

Bobblehat said:

Furness BS

Sorry to be so vague but Branch Staff keeping their cards close to their chests today. I did get that there is a new RS on the way shortly, according to internal email but no hint of rate or if Loyalty type or not. ... so keep watching!

I've just spoken to Furness BS. The Christmas regular saver is due to be launched on Wednesday 8/1/25.

They are uncertain of the details so I'd say take the following with a pinch of salt but the rumours they've heard from head office suggests the rate will be around 5.25% with Ts&Cs otherwise largely the same as last year.

The major difference between this year and last year's accounts though is that the new account should allow you to apply online.

My bold above ..... I was told today that you need to be on their new "eSavings Login" system to apply online. Also, this might not apply to everyone (as there was some debate with CS on the phone about my particular situation), I was told to hold off funding the new one until after my current Christmas RS had matured overnight Thursday/Friday. I can apply on Wednesday, just not fund until Friday. YMMV, just thought I'd mention it in case anyone has an unexpected bounce. Only other things to add to Brid's note .... £500 max pm, 1 withdrawal during the annual term, and runs on calendar month, so 13th payment possible if desired.

subjecttocontract

Is 5.25% now considered an attractive return ?

ForumUser7

Bobblehat said:

Bridlington1 said:

Bobblehat said:

Furness BS

Sorry to be so vague but Branch Staff keeping their cards close to their chests today. I did get that there is a new RS on the way shortly, according to internal email but no hint of rate or if Loyalty type or not. ... so keep watching!

I've just spoken to Furness BS. The Christmas regular saver is due to be launched on Wednesday 8/1/25.

They are uncertain of the details so I'd say take the following with a pinch of salt but the rumours they've heard from head office suggests the rate will be around 5.25% with Ts&Cs otherwise largely the same as last year.

The major difference between this year and last year's accounts though is that the new account should allow you to apply online.

My bold above ..... I was told today that you need to be on their new "eSavings Login" system to apply online. Also, this might not apply to everyone (as there was some debate with CS on the phone about my particular situation), I was told to hold off funding the new one until after my current Christmas RS had matured overnight Thursday/Friday. I can apply on Wednesday, just not fund until Friday. YMMV, just thought I'd mention it in case anyone has an unexpected bounce. Only other things to add to Brid's note .... £500 max pm, 1 withdrawal during the annual term, and runs on calendar month, so 13th payment possible if desired.

I think I must’ve missed that previous Christmas RS - not sure how, maybe the rate was below my threshold. Thanks to all sharing details about the new one coming out, helps to prepare funds in time

Bobblehat

ForumUser7 said:

Bobblehat said:

Bridlington1 said:

Bobblehat said:

Furness BS

Sorry to be so vague but Branch Staff keeping their cards close to their chests today. I did get that there is a new RS on the way shortly, according to internal email but no hint of rate or if Loyalty type or not. ... so keep watching!

I've just spoken to Furness BS. The Christmas regular saver is due to be launched on Wednesday 8/1/25.

They are uncertain of the details so I'd say take the following with a pinch of salt but the rumours they've heard from head office suggests the rate will be around 5.25% with Ts&Cs otherwise largely the same as last year.

The major difference between this year and last year's accounts though is that the new account should allow you to apply online.

My bold above ..... I was told today that you need to be on their new "eSavings Login" system to apply online. Also, this might not apply to everyone (as there was some debate with CS on the phone about my particular situation), I was told to hold off funding the new one until after my current Christmas RS had matured overnight Thursday/Friday. I can apply on Wednesday, just not fund until Friday. YMMV, just thought I'd mention it in case anyone has an unexpected bounce. Only other things to add to Brid's note .... £500 max pm, 1 withdrawal during the annual term, and runs on calendar month, so 13th payment possible if desired.

I think I must’ve missed that previous Christmas RS - not sure how, maybe the rate was below my threshold. Thanks to all sharing details about the new one coming out, helps to prepare funds in time

£500pm @ 6% for the first one ... not too bad!

Bobblehat

subjecttocontract said:

Is 5.25% now considered an attractive return ?

Some will be tempted, some won't. The £500pm makes it slightly more attractive than some of the other RS's.

kaMelo

subjecttocontract said:

Is 5.25% now considered an attractive return ?

It depends upon accessibility, I also need to bear in mind I have access to OH's Coventry FHS still paying 5.1%. If it operates like an easy access saver (such as Lloyds monthly saver) then yes, if their are any restrictions, penalties or notice periods then no, it would need to be higher.. 

subjecttocontract

kaMelo said:

subjecttocontract said:

Is 5.25% now considered an attractive return ?

It depends upon accessibility, I also need to bear in mind I have access to OH's Coventry FHS still paying 5.1%. If it operates like an easy access saver (such as Lloyds monthly saver) then yes, if their are any restrictions, penalties or notice periods then no, it would need to be higher.. 

Yes very good points I hadn't considered. I think I need to take another look at it !
I also have the 3 year Coventry FHS @ 5.1% with a year to run, it's gonna pay around £1600 interest at year end.

happybagger

Given the large number of six-percenters that have come out lately this is quite a poor offering, if indeed it is at 5.25%
For me too it may be worth a look as I have my cahoot 5.12% ending this month. Full t&cs will be the key.

apt

Bridlington1 said:

Nationwide have announced a series of rate cuts for their savings accounts as of 1/2/25.

Of note is that their Flex Regular Savers Issue 2, 3 and 4 are not included so are set to remain at 8%, 6.5% and 6.5% respectively.

Thanks to @GalacticaActual for bringing that to my attention in another thread.

There won't be many savers still with a Flex Regular Savers Issue 2. Was withdrawn on 8 February 2024. I don't remember Nationwide ever changing the rate on a one year regular saver despite being variable in theory. If they want to change interest rates they usually do it by closing the current issue to new applicants and bringing out a new issue.

Bridlington1

Bridlington1 said:

Bobblehat said:

Furness BS

Sorry to be so vague but Branch Staff keeping their cards close to their chests today. I did get that there is a new RS on the way shortly, according to internal email but no hint of rate or if Loyalty type or not. ... so keep watching!

I've just spoken to Furness BS. The Christmas regular saver is due to be launched on Wednesday 8/1/25.

They are uncertain of the details so I'd say take the following with a pinch of salt but the rumours they've heard from head office suggests the rate will be around 5.25% with Ts&Cs otherwise largely the same as last year.

The major difference between this year and last year's accounts though is that the new account should allow you to apply online.

I've received a phone call from Furness BS. The date of launch has been changed and it is now due to be launched on 14/1/25. Further details TBC.