The Top Regular Savers Discussion Thread

judgingjudy

schiff said:

JamesRobinson48 said:

schiff said:

HHUK said:

HHUK said:
I submitted my closure form online about a week ago, since when I've heard nothing ... I tried the online chat but found it worse than useless, so decided to call the number mentioned at the end of the chat: 0800 028 4836.

Spoke with an extremely pleasant, friendly and helpful agent, who was unable to locate my closure request. She said she'd action the closure again from scratch, and that it could take 3-5 working days, on account of the volume of such requests they've received. If it happens quicker than that, it will be because the form had in fact turned up and been processed.

Virgin RS Final Interest Payment

Interest of £24.94 has just arrived in my Virgin M Plus current account, less than four hours after I called them. As much as I would love to believe this was down to my irresistible charm on the phone, I imagine it's more likely that the form I submitted last weekend eventually found its way through their systems.

I've been expecting mine and I've had £25.78 (about what I was expecting) just credited to my nominated account. But the sender is named as Yb Customer Servic (sic) which sounds like Yorkshire BS. Is your 'sender' the same?

More likely to be Yorkshire Bank I feel.

I'm not expecting anything from YBS though!

Just FYI, YBS (Yorkshire Building Society) is entirely separate to what was Yorkshire Bank.

Yorkshire Bank was subsumed into Virgin Money and doesn’t exist as a standalone brand any more, but VM still use a lot of back office systems from Yorkshire and Clydesdale Banks (I think Clydesdale may still exist as a brand in Scotland). 

So what the poster is saying is that it’s likely that this is the payment from Virgin but it’s been processed using a legacy Yorkshire Bank system. 

allegro120

mon3ysav3r said:

Darlington BS have an issue 2 of their regular saver which is 6% (rather than the 5% of their issue 1).
https://www.darlington.co.uk/savings-account/12-month-regular-saver/

I am 6 months into funding their issue 1 with the full 250 a month.

Their documents say "A maximum of one account can be opened per person", but not clear as to this means per issue, or simply only one "Regular Saver", does anyone know if I can have an issue 1 and issue 2?

It looks like I can close the issue 1 at anytime if I can only have one, and I want to open an issue 2.

Edit - I have opened a "90 Day eNotice" account with them with a quid in to keep the online alive in case I close the issue 1.

I have issue 1 and was able to open issue 2 without closing issue 1.

gt94sss2

lyic said:

Darlington BS 12 Month Regular Saver (https://www.darlington.co.uk/savings-account/12-month-regular-saver/)

Now available at 6%

Does anyone know if you can open this is you already have the 5% version?

I don't think they are increasing rates for existing customers...

ForumUser7

chris_the_bee said:

mon3ysav3r said:

Darlington BS have an issue 2 of their regular saver which is 6% (rather than the 5% of their issue 1).
https://www.darlington.co.uk/savings-account/12-month-regular-saver/

I am 6 months into funding their issue 1 with the full 250 a month.

Their documents say "A maximum of one account can be opened per person", but not clear as to this means per issue, or simply only one "Regular Saver", does anyone know if I can have an issue 1 and issue 2?

It looks like I can close the issue 1 at anytime if I can only have one, and I want to open an issue 2.

It is one Regular Saver of any issue only.
So you would need to close issue 1 first which you can do any time, then open issue 2
BTW, Darlington pays the next working day provided instruction is recd. before 2.30pm.

Do you have a source for one of any issue please? That’s not how I interpreted it, and have been able to open an RS2 while still holding an RS1

chris_the_bee

ForumUser7 said:

chris_the_bee said:

mon3ysav3r said:

Darlington BS have an issue 2 of their regular saver which is 6% (rather than the 5% of their issue 1).
https://www.darlington.co.uk/savings-account/12-month-regular-saver/

I am 6 months into funding their issue 1 with the full 250 a month.

Their documents say "A maximum of one account can be opened per person", but not clear as to this means per issue, or simply only one "Regular Saver", does anyone know if I can have an issue 1 and issue 2?

It looks like I can close the issue 1 at anytime if I can only have one, and I want to open an issue 2.

It is one Regular Saver of any issue only.
So you would need to close issue 1 first which you can do any time, then open issue 2
BTW, Darlington pays the next working day provided instruction is recd. before 2.30pm.

Do you have a source for one of any issue please? That’s not how I interpreted it, and have been able to open an RS2 while still holding an RS1

From issue 1 T's&C's
 • A maximum of one account can be opened per person. Accounts can be opened in joint names, but only one account, whether in single or joint names can be held per person. 

Issue 2 T's&C's are identical. So maybe I have interpreted it wrongly.

allegro120

chris_the_bee said:

ForumUser7 said:

chris_the_bee said:

mon3ysav3r said:

Darlington BS have an issue 2 of their regular saver which is 6% (rather than the 5% of their issue 1).
https://www.darlington.co.uk/savings-account/12-month-regular-saver/

I am 6 months into funding their issue 1 with the full 250 a month.

Their documents say "A maximum of one account can be opened per person", but not clear as to this means per issue, or simply only one "Regular Saver", does anyone know if I can have an issue 1 and issue 2?

It looks like I can close the issue 1 at anytime if I can only have one, and I want to open an issue 2.

It is one Regular Saver of any issue only.
So you would need to close issue 1 first which you can do any time, then open issue 2
BTW, Darlington pays the next working day provided instruction is recd. before 2.30pm.

Do you have a source for one of any issue please? That’s not how I interpreted it, and have been able to open an RS2 while still holding an RS1

From issue 1 T's&C's
 • A maximum of one account can be opened per person. Accounts can be opened in joint names, but only one account, whether in single or joint names can be held per person. 

Issue 2 T's&C's are identical. So maybe I have interpreted it wrongly.

You probably have.  My issue 2 is opened and showing on the portal alongside with issue 1.
re. Deposits. So far all my deposits to Darlington arrived on the same day, including weekends.

snow62

The fall in Bank of England rate means quite a bit of thinking.  Pondering whether to open a fixed-rate ISA over the weekend: having opened two easy access ones last week and done several transfers, both have today unsurprisingly announced a rate reduction in a couple of weeks.  This is relevant, as I am using flexible ISAs to fund the regular savers each month, with the aim of replenishing the ISAs as regular savers mature.  Ideally I'd like to put back all I've taken out, as well as use full ISA allowance, by next April, but adding extra regular savers (Monmouthshire, Virgin, now probably Darlington) may affect the ability to do this.  I sense another spreadsheet coming on!

chris_the_bee

allegro120 said:

chris_the_bee said:

ForumUser7 said:

chris_the_bee said:

mon3ysav3r said:

Darlington BS have an issue 2 of their regular saver which is 6% (rather than the 5% of their issue 1).
https://www.darlington.co.uk/savings-account/12-month-regular-saver/

I am 6 months into funding their issue 1 with the full 250 a month.

Their documents say "A maximum of one account can be opened per person", but not clear as to this means per issue, or simply only one "Regular Saver", does anyone know if I can have an issue 1 and issue 2?

It looks like I can close the issue 1 at anytime if I can only have one, and I want to open an issue 2.

It is one Regular Saver of any issue only.
So you would need to close issue 1 first which you can do any time, then open issue 2
BTW, Darlington pays the next working day provided instruction is recd. before 2.30pm.

Do you have a source for one of any issue please? That’s not how I interpreted it, and have been able to open an RS2 while still holding an RS1

From issue 1 T's&C's
 • A maximum of one account can be opened per person. Accounts can be opened in joint names, but only one account, whether in single or joint names can be held per person. 

Issue 2 T's&C's are identical. So maybe I have interpreted it wrongly.

You probably have.  My issue 2 is opened and showing on the portal alongside with issue 1.
re. Deposits. So far all my deposits to Darlington arrived on the same day, including weekends.

Yes, thanks. I just opened issue 2 as well.

Kim_13

jameseonline said:

Are Darlington better than Monmouthshire BS?🤔

Having just opened it as a new customer, I would say it was as simple as MHBS (perhaps even simpler as it did not ask for nominated account details during application, or ask for answers to pre-determined security questions while allowing very few characters.)

If you want regular withdrawals, Monmouthshire would be better as the Darlington account is limited to 2. Debit card funding, ease of opening and being more likely to hold the rate as it has (I think) launched since the base rate cut with no more expected in the immediate future, Darlington.

Screenshot the confirmation screen, though - the account details were there but haven’t been emailed to me. I’m certain I entered it correctly due to copying and pasting it from an email in my email box.

ForumUser7

chris_the_bee said:

ForumUser7 said:

chris_the_bee said:

mon3ysav3r said:

Darlington BS have an issue 2 of their regular saver which is 6% (rather than the 5% of their issue 1).
https://www.darlington.co.uk/savings-account/12-month-regular-saver/

I am 6 months into funding their issue 1 with the full 250 a month.

Their documents say "A maximum of one account can be opened per person", but not clear as to this means per issue, or simply only one "Regular Saver", does anyone know if I can have an issue 1 and issue 2?

It looks like I can close the issue 1 at anytime if I can only have one, and I want to open an issue 2.

It is one Regular Saver of any issue only.
So you would need to close issue 1 first which you can do any time, then open issue 2
BTW, Darlington pays the next working day provided instruction is recd. before 2.30pm.

Do you have a source for one of any issue please? That’s not how I interpreted it, and have been able to open an RS2 while still holding an RS1

From issue 1 T's&C's
 • A maximum of one account can be opened per person. Accounts can be opened in joint names, but only one account, whether in single or joint names can be held per person. 

Issue 2 T's&C's are identical. So maybe I have interpreted it wrongly.

Darlington have advised you can hold both Issue 1 and Issue 2 at the same time.