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The Top Regular Savers Discussion Thread
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Its very interesting that in July we were all in a flap about maturing Principality savers and how many new Principality six month savers issue 3s we could open.
My next one to consider is a Skipton Member RS 7% maturing tomorrow 04/08. Do I immediately open the current Member RS at 6.25% var - struggling to fund all my RS's >= 6% (the answer's "yes").The next thing I am pondering is about Nationwide 6.5% fixed which is due to mature at the end of September - whether to close and start a new Nationwide 6.5% variable - is there any benefit.
Or just to hang on until October and assume that Nationwide will still have a 6.5% saver.0 -
mhoc said:Its very interesting that in July we were all in a flap about maturing Principality savers and how many new Principality six month savers issue 3s we could open.
Then having sorted them all out it all went calm and serene again until Virgin and Monmouthshire sprung new regular savers on us this week causing far more issues than Principality ever did
The next thing I am pondering is about Nationwide 6.5% fixed which is due to mature at the end of September - whether to close and start a new Nationwide 6.5% variable - is there any benefit.
Or just to hang on until October and assume that Nationwide will still have a 6.5% saver.
Also pondering about the LLoyds and Halifax savers if they need to be renewed - maturity dates in May 2026.
No cash flow issues just keen to keep the best rates for as long as feasible.
Bank of England have another meeting this week and mid September - numerous rumours floating around regarding another rate drop this year and the thinking is September. ....
Remember all are technically variable rates and could drop at any time (they just seem to be very stubborn).
Lloyds I'd be less certain of personally, their rate matched the Natwest one which has recently dropped (and it's fixed).0 -
flaneurs_lobster said:Its very interesting that in July we were all in a flap about maturing Principality savers and how many new Principality six month savers issue 3s we could open.
My next one to consider is a Skipton Member RS 7% maturing tomorrow 04/08. Do I immediately open the current Member RS at 6.25% var - struggling to fund all my RS's >= 6% (the answer's "yes").The next thing I am pondering is about Nationwide 6.5% fixed which is due to mature at the end of September - whether to close and start a new Nationwide 6.5% variable - is there any benefit.
Or just to hang on until October and assume that Nationwide will still have a 6.5% saver.
Re Nationwide - they've consistently had a good regular saver available for quite a few years now, I can't imagine they'll suddenly stop offering one.2 -
clairec666 said:pedrodelgado said:Question. Would it be more beneficial to open say 4 regular savers from different providers and put the maximum allowed in each one for say the first couple of months then a nominal amount to keep them open for the remaining months, thus having a bigger overall sum for 11 or 12 months than you would have had if opening one and saving monthly into that? Any thoughts?
I'm sure @Bobblehat can rustle up a good spreadsheet to come up with the best strategy!0 -
Worth noting that Skipton's member regular saver starts the year term from the date of your first deposit, so you could open it now to be on the safe side but hold off from funding it immediately.0
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flaneurs_lobster said:Its very interesting that in July we were all in a flap about maturing Principality savers and how many new Principality six month savers issue 3s we could open.
My next one to consider is a Skipton Member RS 7% maturing tomorrow 04/08. Do I immediately open the current Member RS at 6.25% var - struggling to fund all my RS's >= 6% (the answer's "yes").The next thing I am pondering is about Nationwide 6.5% fixed which is due to mature at the end of September - whether to close and start a new Nationwide 6.5% variable - is there any benefit.
Or just to hang on until October and assume that Nationwide will still have a 6.5% saver.0 -
mhoc said:Its very interesting that in July we were all in a flap about maturing Principality savers and how many new Principality six month savers issue 3s we could open.
Then having sorted them all out it all went calm and serene again until Virgin and Monmouthshire sprung new regular savers on us this week causing far more issues than Principality ever did
The next thing I am pondering is about Nationwide 6.5% fixed which is due to mature at the end of September - whether to close and start a new Nationwide 6.5% variable - is there any benefit.
Or just to hang on until October and assume that Nationwide will still have a 6.5% saver.
Also pondering about the LLoyds and Halifax savers if they need to be renewed - maturity dates in May 2026.
No cash flow issues just keen to keep the best rates for as long as feasible.
Bank of England have another meeting this week and mid September - numerous rumours floating around regarding another rate drop this year and the thinking is September. ....
We pay one of two different interest rates on your account, the higher interest rate and the lower interest rate. Which interest rate we pay depends on how many times you take money out of your account. Both interest rates are variable, meaning they can go up or down1 -
pedrodelgado said:Question. Would it be more beneficial to open say 4 regular savers from different providers and put the maximum allowed in each one for say the first couple of months then a nominal amount to keep them open for the remaining months, thus having a bigger overall sum for 11 or 12 months than you would have had if opening one and saving monthly into that? Any thoughts?3
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surreysaver said:allegro120 said:s71hj said:Quick question about Natwest and RBS. In order to continue to meet the criteria for the associated current account you have to pay in £1250 a month . Myself and wife have sole and joint. Would a payment into the joint one count as meeting that criteria for both of us on all 3 accounts?
https://forums.moneysavingexpert.com/discussion/6616817/natwest-reward-account-how-quickly-can-i-take-the-1250-payment-out/p2#latest1 -
PRAISETHESUN said:surreysaver said:allegro120 said:s71hj said:Quick question about Natwest and RBS. In order to continue to meet the criteria for the associated current account you have to pay in £1250 a month . Myself and wife have sole and joint. Would a payment into the joint one count as meeting that criteria for both of us on all 3 accounts?
https://forums.moneysavingexpert.com/discussion/6616817/natwest-reward-account-how-quickly-can-i-take-the-1250-payment-out/p2#latest0
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