The Top Regular Savers Discussion Thread

easysaver

Leeds BS Regular Saver
My Issue 37 is maturing on 3rd Feb. I've tried to add a linked account via the online account but it was rejected because it's not an online type account. What's the easiest way to withdraw to an external account on maturity, preferably avoiding having to call them? Will it mature into an E-Saver allowing withdrawals to a nominated account or some other branch/post only account? I'm trying to work out if I should open an E-Saver now with £100 to avoid delays.

liger

I have a gatehouse regular saver maturing on 24th January 2025, will it be changed to their easy access saver 4.75%?  Do they email or post before maturity to explain the process?

chris_the_bee

easysaver said:

Leeds BS Regular Saver
My Issue 37 is maturing on 3rd Feb. I've tried to add a linked account via the online account but it was rejected because it's not an online type account. What's the easiest way to withdraw to an external account on maturity, preferably avoiding having to call them? Will it mature into an E-Saver allowing withdrawals to a nominated account or some other branch/post only account? I'm trying to work out if I should open an E-Saver now with £100 to avoid delays.

Leeds BS Regular Saver
Opening an E-Saver now with £100 does avoid delays, but it is 2.30% on £100 minimum.

janusd

liger said:

I have a gatehouse regular saver maturing on 24th January 2025, will it be changed to their easy access saver 4.75%?  Do they email or post before maturity to explain the process?

I got an email 14 days before maturity...

We are pleased to advise you that your Regular Saver account will mature on 29th November 2024.

A summary of your Regular Saver is shown below:

• End of term date: 29th November 2024
• Current profit rate: 7.00%
• Current balance: 3900.00

What happens next?
We will automatically move your money into an Easy Access account and inform you of this once we have done so. You will be able to find the details of this product on our website

and again 5 days before (it says Fixed Term deposit, but it was for the RS)...

Your Gatehouse Bank Fixed Term Deposit account is due to mature in 5 days.

To view details of your maturity options, log into your account at www.gatehousebank.com. You will have the option of continuing to save through another Fixed Term Deposit account or withdraw your funds.

If we do not receive your maturity instruction before the maturity date, your deposit will be transferred to a Gatehouse Bank Easy Access account. To read more about the Gatehouse Bank Easy Access account and to view the terms and conditions for the account, please visit www.gatehousebank.com/personal/savings/easy-access-account.

that last link has never worked as far as I know.

I just let the account mature and it converted to the EA Account automatically.

allegro120

easysaver said:

Leeds BS Regular Saver
My Issue 37 is maturing on 3rd Feb. I've tried to add a linked account via the online account but it was rejected because it's not an online type account. What's the easiest way to withdraw to an external account on maturity, preferably avoiding having to call them? Will it mature into an E-Saver allowing withdrawals to a nominated account or some other branch/post only account? I'm trying to work out if I should open an E-Saver now with £100 to avoid delays.

After considering all options I've decided to call them.  It was quick and easy, the account was closed and the money arrived into my bank account next day.

OneUser1

This WON’T get you into a Vernon Building Society 6.5% Regular Saver at the moment but might be useful information for those who take a long view.

The Vernon usually only let locals (25 miles of Stockport) open accounts although they’ve offered to anyone a rubbish bond for a while with a high minimum balance and low interest rate. However they occasionally relax things and I note currently you can open a range of accounts including a £100 minimum balance Easy Access account. But not the Regular Saver.

Like I said they change the requirements from time to time so MAYBE they will offer some future Regular Saver to locals and existing members. Or, of course, they might offer a new Regular Saver open to anyone. Or not. But they do change and change back so this could be a good time to get in if that’s your thing.

happybagger

It's also quite possible the Online RS is being pulled soon - If you go to "Apply" you get the "Not currently available" message.

Fingerbobs

Just opened a Principality Christmas 2025 RS, but I can't fund it. The sending bank just says the reference is invalid and refuses to send the payment. I've tried copying and pasting the details and re-typing everything, and tried two different sending banks, but they just refuse to send the payment. 
I didn't even realise the reference was checked. 

happybagger

With PBS you won't get a CoP match until the following day. Try it tomorrow,

chris_the_bee

Fingerbobs said:

Just opened a Principality Christmas 2025 RS, but I can't fund it. The sending bank just says the reference is invalid and refuses to send the payment. I've tried copying and pasting the details and re-typing everything, and tried two different sending banks, but they just refuse to send the payment. 
I didn't even realise the reference was checked. 

Principality
Principality takes 24 hours for COP to recognise new accounts.