The Top Regular Savers Discussion Thread

Bridlington1

Just a reminder the following rate cuts come into effect tomorrow (7/1/25):

Account	Old rate	New rate
Cumberland BS Cumberland Regular Saver	5.20%	5.00%
Cumberland BS First Home Saver – Issue 2	4.30%	4.10%

csw5780

PowerSavingMode said:

Co-operative BS Regular Saver (Issue 1)

The maturity date for my RS is 22nd February. I've looked at the T&C's and there is no mention of being able to close this early to open another (and so kind of 'refresh' my RS) while it is still available. Has anyone successfully tried this?

Yes completed. Took a couple of weeks for them to action. 

Dizzycap

chris_the_bee said:

Co-operative BS Regular Saver (Issue 1)
Yes, but it took Co-op 14 days to actually close the account. I complained and received compensation.

14 days? You got off lightly. It took them over 6 weeks with me. 12 phones calls with 6 filed complaints & 3 email complaints. No interest added, undergoing an investigation, false promises of interest being paid etc etc. I took them to the Financial Ombudsman in the end and never had interest and compensation paid so fast. All monies put into my new Co-op Regular Saver and it doesn't count towards the total amount paid in.

chris_the_bee

Dizzycap said:

chris_the_bee said:

Co-operative BS Regular Saver (Issue 1)
Yes, but it took Co-op 14 days to actually close the account. I complained and received compensation.

14 days? You got off lightly. It took them over 6 weeks with me. 12 phones calls with 6 filed complaints & 3 email complaints. No interest added, undergoing an investigation, false promises of interest being paid etc etc. I took them to the Financial Ombudsman in the end and never had interest and compensation paid so fast. All monies put into my new Co-op Regular Saver and it doesn't count towards the total amount paid in.

However, it took them 2 months to look into and answer my complaint.

Bridlington1

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.

Bridlington1

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.

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!