The Top Regular Savers Discussion Thread

allegro120

snow62 said:

MonBS letter with signature form arrived today.  Not sure why they felt the need to send a full-sized envelope, folded into four - surely that costs them more (large letter).  Dug out smaller one from previously as it's easier to post into the small letter box up the road. Added account online, now showing as 'Pending'.  Sent payment even though letter says won't be able to transact until signature form is received; however, CoP fine so hope it's credited today.

A4 size envelope was excessive for what needs to be posted . I guess they've just ran out of small envelopes. 

I've sent payment (CoP fine) and it was returned back to my bank the next day.

mon3ysav3r

allegro120 said:

snow62 said:

MonBS letter with signature form arrived today.  Not sure why they felt the need to send a full-sized envelope, folded into four - surely that costs them more (large letter).  Dug out smaller one from previously as it's easier to post into the small letter box up the road. Added account online, now showing as 'Pending'.  Sent payment even though letter says won't be able to transact until signature form is received; however, CoP fine so hope it's credited today.

A4 size envelope was excessive for what needs to be posted . I guess they've just ran out of small envelopes. 

I've sent payment (CoP fine) and it was returned back to my bank the next day.

I also made payment before they will have received my signature, so I expect my payment to be returned tomorrow then! Will update with the outcome.

Stargunner

Aidanmc said:

Just applied for my first ever First Direct RS. 

Says it may take 3 working days to open and first deposit will be taken then.

I set monthly deposit at £300. If it happens there is no cash in the FD current account at the time deposit is to be taken, what happens?

Can you not make sure that there is £300 in it.

Bridlington1

A summary of changes to the listings on the first page of The Top Regular Savers Discussion Thread between 1st July 2025 and 31st July 2025:

A link to this post is included on the first page of The Archived History Of Regular Savers Thread *** NO CHAT*** thread.

I have now cleared out the recently NLA regular savers list on the first page of The Top Regular Savers Discussion Thread.

The following accounts have been added between 1/7/25 and 31/7/25 (see first page of The Top Regular Savers Discussion Thread for details):

Monmouthshire BS Regular Saver Issue 8 at 6% ~~~ Launched 25/7/25
Market Harborough Fixed Term Regular Saver (30.09.2026) at 5.8% ~~~ Launched 28/7/25
Skipton BS Regular Saver (Issue 1) at 5.75% ~~~ Launched 15/7/25
Chorley BS Regular Saver (30.06.2026) at 5.15% ~~~ Launched 1/7/25
Suffolk 1 Year Fixed Rate Regular Saver (30.09.2026) at 5% ~~~ Launched 21/7/25
Suffolk BS Online 1 Year Fixed Rate Regular Saver (30.09.2026) at 5% ~~~ Launched 21/7/25
Leeds BS Home Deposit Saver at 4.8% ~~~ Relaunched 16/7/25
Nottingham BS Online Regular Saver at 4.75% ~~~ Launched 28/7/25
Leeds BS Regular Saver (Issue 66) at 4.7% ~~~ Launched 1/7/25
Dudley BS Loyalty One Year Regular Saver at 6% ~~~ Launched 18/7/25
Chorley BS Regional 2 Year Flexible Saver (30.06.2027) at 5.15% ~~~ Launched 1/7/25
Coventry BS Loyalty Mortgage Saver (2) at 4.8% ~~~ Launched 25/7/25

The following accounts have been removed between 1/7/25 and 31/7/25:

~~~~~~NLA 1/7/25 ~~~~~~Leeds BS Regular Saver (Issue 65) ~~~ Launched 30/5/25
Interest rate: 4.7% gross p.a. variable
Monthly payment: £0-£250 per calendar month
Miss any payments: Yes, miss as many as you wish
Penalty-free withdrawals: One withdrawal per calendar year (including account closure) is permitted subject to the minimum balance of £100 being maintained. Further withdrawals can be made subject to 30 days loss of interest on the amount withdrawn.
Age of applicant: Aged 18 or over
How to open account: Branch, online or post
Length of account term: Matures 1/6/2027
Maximum balance: £6,000 plus interest
Deposits on non-working days: Treated as having been received the same day.
Special conditions: You may only hold one Leeds Building Society Regular Saver product of any issue at a time. Withdrawals/closure can be made by faster payment over the phone.

~~~~~~NLA 1/7/25 ~~~~~~Chorley BS Regular Saver (31.05.2026)~~~ Launched 2/6/25
Interest rate: 5.15% gross p.a. variable
Monthly payment: £25-£400 per calendar month
Miss any payments: Yes, miss as many as you like
Penalty-free withdrawals: None, but the account can be closed early without penalty
Age of applicant: Age 18 years old or older
How to open account: Branch, post or online
Length of account term: Matures on 31/5/26
Maximum balance: N/A
Deposits on non-working days: Treated as having been received the next working day.
Special conditions: Initial deposit must be received by 30/6/25. Only one Regular Saver and one Seasonal Saver can be held in any 12 month rolling period.

~~~~~~NLA 1/7/25 ~~~~~~Chorley BS Regional 2 Year Flexible Saver (31.05.2027) ~~~ Launched 2/6/25
Interest rate: 5.15% gross p.a. variable
Monthly payment: £25-£400 per calendar month
Miss any payments: Yes, miss as many as you like
Penalty-free withdrawals: 2 withdrawals per year excluding early closure. If more than 2 withdrawals are made within a 12 month period the account shall be closed.
Age of applicant: Age 18 years old or older
How to open account: Branch, post or online
Length of account term: Matures on 31/5/27
Maximum balance: N/A
Deposits on non-working days: Treated as having been received the next working day.
Special conditions: Initial deposit must be received by the 30/6/2025. Only one Regular Saver and one Seasonal Saver can be held in any 12 month rolling period. Must live in one of the following postcode areas (CA, FY, PR, LA, WN, BL, L, WA, BB, CH, M, SK, CW, OL).

~~~~~~NLA 12/7/25 ~~~~~~Saffron BS Refer A Friend Saver~~~ Launched 31/5/25 ~~~ Ts&Cs changed 2/6/25
Interest rate: 8% AER fixed
Monthly payment: £0-£50 per calendar month
Miss any payments: Yes, you can miss as many as you wish
Penalty-free withdrawals: 1 withdrawal/mth pus closure
Age of applicant: Aged 16 or over
How to open account: Online
Length of account term: 12 months from the date of opening
Maximum balance: £600
Deposits on non-working days: Treated as having been received the next working day.
Special conditions: You'll need to be a new member and complete their Refer a Friend survey and supply them with the name of someone who has their Member's Month Loyalty Saver as well as applying for your account. If you do not complete the survey, your account shall be closed. Please note the forum rules prohibit the exchanging of personal details.

~~~~~~NLA 30/6/25 ~~~~~~Nottingham BS Branch Regular Saver Issue 3 ~~~ Launched 23/4/25
Interest rate: 4.75% AER variable
Monthly payment: £10-£500 per calendar month
Miss any payments: Yes, miss as many as you like
Penalty-free withdrawals: Unlimited withdrawals of £1+ provided at least £10 remains in the account
Age of applicant: Age 16 years old or older
How to open account: Branch only
Length of account term: Matures on 30/6/26
Maximum balance: £7500
Deposits on non-working days: Treated as having been received the next working day.
Special conditions: The most you can withdraw in any one day is £500 in cash, or any amount by cheque.

~~~~~~NLA 16/7/25 ~~~~~~ Leeds BS Home Deposit Saver (Issue 4)~~~ Launched 14/5/25

Interest rate: 4.8% gross p.a. variable
Monthly payment: £0-£500 per calendar month
Miss any payments: No stated penalties for missing any payments
Penalty-free withdrawals: One penalty free withdrawal per calendar year excluding closure subject to the minimum balance of £100 being maintained
Age of applicant: Aged 18 or older
How to open account: Branch, online or post
Length of account term: No maturity date
Maximum balance: £30,000 plus interest
Deposits on non-working days: Treated as having been received the same day.
Special conditions: There is a £500 bonus if you take out a residential mortgage subject to certain conditions (see website for more details). Withdrawals/closure can be made by faster payment over the phone.

~~~~~~NLA 21/7/25 ~~~~~~Suffolk 1 Year Fixed Rate Regular Saver (31.07.2026) ~~~ Launched 28/4/25
Interest rate: 4.85% AER Fixed
Monthly payment: £10-£500 per calendar month
Miss any payments: Yes, as many as you like
Penalty-free withdrawals: None
Age of applicant: At least 16 years old
How to open account: Branch/post
Length of account term: Matures 31/7/2026
Maximum balance: None stated other than £500,000 across all Suffolk BS accounts
Deposits on non-working days: Treated as having been received the next working day.
Special conditions: N/A

~~~~~~NLA 21/7/25 ~~~~~~Suffolk BS Online 1 Year Fixed Rate Regular Saver (31.07.2026) ~~~ Launched 28/4/25
Interest rate: 4.85% AER Fixed
Monthly payment: £10-£250 per calendar month
Miss any payments: Yes, as many as you like
Penalty-free withdrawals: None
Age of applicant: At least 16 years old
How to open account: Online
Length of account term: Matures 31/7/2026
Maximum balance: None stated other than £500,000 across all Suffolk BS accounts
Deposits on non-working days: Treated as having been received the next working day.
Special conditions: N/A

~~~~~~NLA 23/7/25 ~~~~~~Skipton BS Home Deposit Saver Issue 4 ~~~ Added 31/5/25***
Interest rate: 4.31% gross p.a. variable
Monthly payment: £0-£500 per calendar month
Miss any payments: Yes, as many as you wish
Penalty-free withdrawals: No withdrawals except for account closure, which you can do without notice and without penalty
Age of applicant: Aged 16 years old or older
How to open account: Branch, online, telephone or post
Length of account term: 24 months from date of first deposit
Maximum balance: £12,000 plus interest
Deposits on non-working days: Treated as having been received the next working day.
Special conditions: Any unused monthly allowances can be rolled over to future months, up to a maximum of £12,000 over the 24 month term. ***Account launched 8/5/25 but not eligible for inclusion until 31/5/25 due to changing thresholds

~~~~~~NLA 28/7/25 ~~~~~~Market Harborough Fixed Term Regular Saver (30.06.2026) ~~~ Launched 16/4/25
Interest rate: 5.8% gross p.a. fixed
Monthly payment: £10-£250 per calendar month
Miss any payments: Yes, you can miss one payment
Penalty-free withdrawals: No withdrawals permitted however if more than one monthly payment is missed during a calendar year the account will be transferred to the easy access account and interest rate at that time.
Age of applicant: Any age; for under 18s, the account must be opened by an adult in the capacity of Trustee.
How to open account: Branch only
Length of account term: Matures 30/6/2026
Maximum balance: £3,750
Deposits on non-working days: Treated as having been received the next working day.
Special conditions: Customers may only have two Fixed Term Regular Saver accounts open at a time, either solely or jointly, with a combined maximum deposit of £250 per month not exceeding the maximum balance of £3,750.00. Further deposits into this product may be prohibited at any time. When they do this, they will update the relevant section within the ‘Current interest rates for withdrawn products’ page of mhbs.co.uk. They will not personally notify you when they do this. 

Bridlington1

Stargunner said:

Aidanmc said:

Just applied for my first ever First Direct RS. 

Says it may take 3 working days to open and first deposit will be taken then.

I set monthly deposit at £300. If it happens there is no cash in the FD current account at the time deposit is to be taken, what happens?

Can you not make sure that there is £300 in it.

I just don't like keeping money in current accounts earning no interest, even if it is only overnight so I just let FD go overdrawn briefly on the day the regular saver SO goes out. I've an arranged OD with them that covers it and they've a rather generous cut off for charging overdraft fees of 23:45 on the day it goes overdrawn.

I do the same if I write cheques, pay the cheque from an account with an arranged OD facility and then put the money to cover the cheque in my current account the day it goes overdrawn.

Aidanmc

Stargunner said:

Aidanmc said:

Just applied for my first ever First Direct RS. 

Says it may take 3 working days to open and first deposit will be taken then.

I set monthly deposit at £300. If it happens there is no cash in the FD current account at the time deposit is to be taken, what happens?

Can you not make sure that there is £300 in it.

I could yes, but if i thought it was going to take 3 working days to open it would be sitting there until maybe next Tuesday. But anyway, i've set up a payment to go to the FD current account tomorrow, so if it gets opened tomorrow all good.

I'm used to manually funding my RS's thats all, will just have to remember to send the £300 to FD current acc day before its due to be collected.

s71hj

Bridlington1 said:

Stargunner said:

Aidanmc said:

Just applied for my first ever First Direct RS. 

Says it may take 3 working days to open and first deposit will be taken then.

I set monthly deposit at £300. If it happens there is no cash in the FD current account at the time deposit is to be taken, what happens?

Can you not make sure that there is £300 in it.

I just don't like keeping money in current accounts earning no interest, even if it is only overnight so I just let FD go overdrawn briefly on the day the regular saver SO goes out. I've an arranged OD with them that covers it and they've a rather generous cut off for charging overdraft fees of 23:45 on the day it goes overdrawn.

I do the same if I write cheques, pay the cheque from an account with an arranged OD facility and then put the money to cover the cheque in my current account the day it goes overdrawn.

My worry would be if I make a lash up of it even once, all the gain is lost

Aidanmc

Bridlington1 said:

Stargunner said:

Aidanmc said:

Just applied for my first ever First Direct RS. 

Says it may take 3 working days to open and first deposit will be taken then.

I set monthly deposit at £300. If it happens there is no cash in the FD current account at the time deposit is to be taken, what happens?

Can you not make sure that there is £300 in it.

I just don't like keeping money in current accounts earning no interest, even if it is only overnight so I just let FD go overdrawn briefly on the day the regular saver SO goes out. I've an arranged OD with them that covers it and they've a rather generous cut off for charging overdraft fees of 23:45 on the day it goes overdrawn.

I do the same if I write cheques, pay the cheque from an account with an arranged OD facility and then put the money to cover the cheque in my current account the day it goes overdrawn.

Yes this is my reasoning too.

I didn't set up any overdraft though, wonder what happens then?

Bridlington1

Aidanmc said:

Bridlington1 said:

Stargunner said:

Aidanmc said:

Just applied for my first ever First Direct RS. 

Says it may take 3 working days to open and first deposit will be taken then.

I set monthly deposit at £300. If it happens there is no cash in the FD current account at the time deposit is to be taken, what happens?

Can you not make sure that there is £300 in it.

I just don't like keeping money in current accounts earning no interest, even if it is only overnight so I just let FD go overdrawn briefly on the day the regular saver SO goes out. I've an arranged OD with them that covers it and they've a rather generous cut off for charging overdraft fees of 23:45 on the day it goes overdrawn.

I do the same if I write cheques, pay the cheque from an account with an arranged OD facility and then put the money to cover the cheque in my current account the day it goes overdrawn.

Yes this is my reasoning too.

I didn't set up any overdraft though, wonder what happens then?

I don't know for certain as I've never gone over my OD limit with FD, but in the case of HSBC, in my experience the account goes overdrawn and you'll get a text saying if you don't pay the money into your current account by whichever time the payment shan't go through.

allegro120

Aidanmc said:

Stargunner said:

Aidanmc said:

Just applied for my first ever First Direct RS. 

Says it may take 3 working days to open and first deposit will be taken then.

I set monthly deposit at £300. If it happens there is no cash in the FD current account at the time deposit is to be taken, what happens?

Can you not make sure that there is £300 in it.

I could yes, but if i thought it was going to take 3 working days to open it would be sitting there until maybe next Tuesday. But anyway, i've set up a payment to go to the FD current account tomorrow, so if it gets opened tomorrow all good.

I'm used to manually funding my RS's thats all, will just have to remember to send the £300 to FD current acc day before its due to be collected.

Don't forget about the weekends, SO won't go out until the next working day.