The Top Regular Savers Discussion Thread

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.

PowerSavingMode

Section62 said:

Aldermore  RS issues 1 to 3 - interest rate drops from 4.75% to 4.5% with effect 22/08/2025

(email just now)

Thank you. The Aldermore RS's were some of my favoured ones before they cut the rate from 5% and now again. Shame. Oh well, time to close all (but one, perhaps), methinks.

Hattie627

Kim_13 said:

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.

I've just gone through the Darlington opening process as a new customer. No email received but it did say during the opening process that account opening welcome pack would arrive by email within 5 working days. I managed to sign up for online access (really easy) so I have been able to check my new account number there. COP not recognising the new account so far, probably tomorrow or Monday, 

schiff

I can't see anything in the T&Cs of the new Darlington that indicates that the maximum balance can't be £3250?

Hattie627

Darlington BS 12 month Regular Saver Issue 2

A wee quirk to note is that the account doesn't mature on the anniversary date but on the last day of the month during which the anniversary date falls. So all accounts opened in August 2025 will mature on 31 August 2026. So it's one of those mass maturity dates which sometimes give rise to issues at maturity. Don't know if the same applies to Issue 1 as I don't have that one.

Kim_13

Hattie627 said:

Kim_13 said:

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.

I've just gone through the Darlington opening process as a new customer. No email received but it did say during the opening process that account opening welcome pack would arrive by email within 5 working days. I managed to sign up for online access (really easy) so I have been able to check my new account number there. COP not recognising the new account so far, probably tomorrow or Monday, 

I took the screenshot myself so could have deposited by FP if I’d wanted to, but opted for Debit Card having signed up for online access as you say. The account number is in there so I suspect the rest of the details needed would be obtainable from Darlington’s website. I will top up by FP when my Skipton RS matures next week, by which time COP should work.

You have to click to create login details from the confirmation page, so the only other advice I’d give others opening is to be careful not to close the page too early.

I missed the 5 days, but it is indeed detailed on the screenshot I took.