The Top Regular Savers Discussion Thread

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.

Fingerbobs

happybagger said:

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

Just to clarify, it's the reference that's causing the problem, not the account holder name. Santander offers a "continue anyway" button, but then blocks the payment anyway. Nationwide doesn't even offer a way to bypass the check. 

So is the Reference number now part of the CoP check, with no option to bypass the check and make the payment anyway? 

Bob2000

happybagger said:

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

 If it's Vernon building society, you are talking about I applied  for the RS today at 2pm it let me apply so far but stopped  the application  because I'm  not local.
Which l knew but you never know?

IanManc

OneUser1 said:

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.

Vernon BS haven't used the "25 miles from Stockport" criterion for quite a while.

The current restriction is that you must live in postcodes BL, CH, CW, M, OL, SK, WA or WN, which is a lot wider. For example, most of Flintshire in north Wales has CH postcodes, but is a lot further than 25 miles from Stockport. It's lot easier to identify qualifying applicants though. With the old 25 mile restriction I've seen staff in a branch have to get a map out.

s71hj

OneUser1 said:

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.

I'm thinking if I open an Easy Access account jointly with my wife for £100 I get us both membership for future offers and only have to invest £100 at an inferior interest rate