The Top Regular Savers Discussion Thread

Bobblehat

s71hj said:

Bobblehat said:

s71hj said:

allegro120 said:

s71hj said:

Kim_13 said:

clairec666 said:

Hattie627 said:

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.

My crystal ball foresees the topic of discussion on this thread on 31/8/2026... rather similar to the last few days, but substitute "Darlington" for "Virgin" 

Looks like a good account to have, given that it was released after the base rate cut so (fingers crossed) should stay at 6% for a while. What are people's experiences with Darlington? Do they offer good member/loyalty accounts? I don't really have the funds for another regular saver this month, but am tempted to shuffle some money around to open this one.

As it matures on 31/8/26 regardless of when in August it is opened, I did a £1.01 NatWest DC payment. I figure it’s unlikely to still be around on September 1 so I don’t lose anything by opening it with the minimum today.

Once opened I believe I read you have 28 days to fund so if so inclined could fund 1st Sept and get interest for all of Sept 2026. I know some like this approach though must say I tend to just get the money in earning the money ASAP. 

I tend to fund the accounts offering competitive rates straight away because I have no idea what the rates are going to be in 12 months time.  

Same here. I know some people have a different approach though. 

In this case opening it now and funding it (asap) versus gambling it still being available to open and fund (asap) on 1st Sept for ~£0.08p gain! 

You can open it now and not fund until 1st Sept so no gamble..... But £0.08 gain!!!! 

If you opened it now and made your 1st deposit on 1st Sept, you would lose nearly £16 compared to funding it fully just after opening it now. You'd only lose ~£15 instead, if you didn't fund the 13th payment (left-hand table).



I don't think this is one of those RS's that only start when you make your 1st deposit ... unless you know otherwise? Please let me know if it is and I'll correct the above!

Edit: reworded what you would lose if you didn't make the 13th payment shown in the left-hand table

Hattie627

Darlington BS RS

The term starts from the date of opening, so you are losing out on 6% interest (less whatever you are earning on the money you would otherwise have paid in) by not funding immediately

Bobblehat

Hattie627 said:

Darlington BS RS

The term starts from the date of opening, so you are losing out on 6% interest (less whatever you are earning on the money you would otherwise have paid in) by not funding immediately

That's what I thought! I think the comparison I posted was fairly accurate.

Dugal

PloughmansLunch said:

I must have been unlucky as I didn’t get any details after completing the process - it’s normally only YBS that flag up any (every) savings account application 

I, too, only got a referral number but no account details.  Will need to wait for some human intervention, I presume.

courier9585

Darlington BS are on the ball, i sent a payment about 10am to my RS from Halifax by FP this morning (saturday) and it showed as credited within the hour !!

nomorekids

Bobblehat said:

Hattie627 said:

Darlington BS RS

The term starts from the date of opening, so you are losing out on 6% interest (less whatever you are earning on the money you would otherwise have paid in) by not funding immediately

That's what I thought! I think the comparison I posted was fairly accurate.

need to mind the two interest dates though, this Dec 25 ie this tax year and on maturity next tax year, means it might suit some to minimally fund now to open the account and fund more generously after December...

friolento

courier9585 said:

Darlington BS are on the ball, i sent a payment about 10am to my RS from Halifax by FP this morning (saturday) and it showed as credited within the hour !!

Definitely. I sent £250 yesterday around 10pm. When I checked around 9am today, it was credited, dated yesterday. Good service for a Friday/Saturday.

Signing up, incl for online banking, as a new customer was a doddle.

Kim_13

Darlington are indeed on the ball. Welcome email, quoted as within 5 days, just landed. It does contain a link to create an online login, if anyone does accidentally close the confirmation screen before setting one up.

pecunianonolet

drphila said:

pecunianonolet said:

Virgin

Requested closure via online form of the regular saver (the form that was mentioned many pages ago), provided account details in the form for the regular saver. Followed up a day later via online chat just in case to make sure the reg saver is getting closed. 

Received an email "Sorry to see you go", checked my app and instead of the regular saver they closed my current account. Reg saver still not closed, still waiting for the interest to be transferred to the current account (that is now closed). 

Just raised a complaint. Totally unacceptable. 

Screenshots not allowed in the app, transcript only available by post on paper if chat has happened via app. Requested a postal copy now. 

Exactlly the same happened to me. They put it down to the "huge" numbers that opened that RS (c.37000 apparently) and then wanted it closed

Did you also complain and if so, did you get compensation and how much did they pay and did they reopen the current account for you?

I had email acknowledgment of my complaint yesterday evening (10pm) and that they will email with an update within 5 working days.

Bobblehat

nomorekids said:

Bobblehat said:

Hattie627 said:

Darlington BS RS

The term starts from the date of opening, so you are losing out on 6% interest (less whatever you are earning on the money you would otherwise have paid in) by not funding immediately

That's what I thought! I think the comparison I posted was fairly accurate.

need to mind the two interest dates though, this Dec 25 ie this tax year and on maturity next tax year, means it might suit some to minimally fund now to open the account and fund more generously after December...

£18 approx interest in December ... guess it could make a difference to someone!