The Top Regular Savers Discussion Thread

dingling68

ForumUser7 said:

Even more pertinent is: ‘Withdrawals will not be allowed without the passbook.’

Stafford RS Issue 1

I sent my passbook off on Monday with a withdrawal request and completed nominated bank account form second class, money was in my bank Tuesday afternoon and passbook returned to me on Thursday.

I was not in a hurry for the money as it was a planned withdrawal and given the state of the postal service in my local area I thought this was fabulous service.

HHUK

Kim_13 said:
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.

Darlington RS

Ahem. Do we happen to have any idea how many such £1.01 payments it's possible to make by NatWest / RBS debit card without upsetting Darlington? (Asking for a friend.)

Kim_13

HHUK said:

Kim_13 said:
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.

Darlington RS

Ahem. Do we happen to have any idea how many such £1.01 payments it's possible to make by NatWest / RBS debit card without upsetting Darlington? (Asking for a friend.)

Afraid not, I’ve only ever done them to secure an account when I didn’t have the funds for it at the time of application. This is also my first account with Darlington, so I wouldn’t want to risk upsetting them. Doing £x.01 by NatWest DC in any future month that I can’t afford to fully fund it is as far as I’ll go.

Hattie627

Closing RS accounts slightly earlier than the maturity date

I emptied my Virgin Money RS (the 10% one) on 29th July and then (same date) completed and submitted the online "current account" closure form for the RS (directing the closing interest to my VM current account). The closing interest was received in my VM current account on 31st July. Okay, I lost a couple of days' interest at 10% on the principal but saved myself the long wait and aggravation of waiting to close until 1 August.

My Monmouthshire BS Exclusive RS Issue 2 stands at £6000 balance and is due to mature on 24 August. No maturity instruction papers received so far. Interest rate is now a disappointing 4.90%. I anticipate that many others will have this account maturing on 24 August too (think I opened it last year on the day it became available). I have today instructed immediate closure of the account with principal and interest to my nominated account. Easy to do online, no need to empty first (withdrawals not allowed anyway, only early closure) and no need to post in the passbook/or closure form. I think there is a good chance of slow closures if there is a mass closing of the morphed account on and after 24 August. Loss of interest de minimis, as funds will not be earning much less in easy access.

Kim_13

clairec666 said:

trickydicky14 said:

Afahmaep said:

                          Opening Darlington RS2 and Monmouthshire RS in the last week brings my total active Regular Savers back up to 52 with £112,000 actually in them at 5.70%.
                         My maturing accounts in the next week are Hanley BS and Stafford BS with £7,000 becoming available which will drop my total to £105,000. Neither of these Building Societies has a product that interests me so my Regular Saver total will drop back down to 50. 
                         The matured  £7,000 will to go towards my September obligations of £11,950

And your point?

I know people here like to share how many regular savers they've got (just the 18 for me) but telling us exactly how much money you've got in those accounts isn't something I've seen before

I don’t even know how much I’ve got in Regular Savers 😂 I keep a spreadsheet of approximate total savings (bound to be a few accounts with minimum balances that I haven’t bothered to include, plus passbook accounts that I haven’t sent in since interest was added) but that also includes ISAs, Premium Bonds and EAs.

I’ll be paying into 15 or 16 next month as things stand. Now that Darlington have launched, I’m thinking about not replacing Skipton. I don’t have the funds for it and am covered for maturities most months until November next year (hopefully renewing a Principality 6 month will fill in one of the gaps.) If a fixed rate RS made a return I would jump on it.

trickydicky14

clairec666 said:

trickydicky14 said:

Afahmaep said:

                          Opening Darlington RS2 and Monmouthshire RS in the last week brings my total active Regular Savers back up to 52 with £112,000 actually in them at 5.70%.
                         My maturing accounts in the next week are Hanley BS and Stafford BS with £7,000 becoming available which will drop my total to £105,000. Neither of these Building Societies has a product that interests me so my Regular Saver total will drop back down to 50. 
                         The matured  £7,000 will to go towards my September obligations of £11,950

And your point?

I know people here like to share how many regular savers they've got (just the 18 for me) but telling us exactly how much money you've got in those accounts isn't something I've seen before

Mine is bigger than yours!

Dizzycap

trickydicky14 said:

clairec666 said:

trickydicky14 said:

Afahmaep said:

                          Opening Darlington RS2 and Monmouthshire RS in the last week brings my total active Regular Savers back up to 52 with £112,000 actually in them at 5.70%.
                         My maturing accounts in the next week are Hanley BS and Stafford BS with £7,000 becoming available which will drop my total to £105,000. Neither of these Building Societies has a product that interests me so my Regular Saver total will drop back down to 50. 
                         The matured  £7,000 will to go towards my September obligations of £11,950

And your point?

I know people here like to share how many regular savers they've got (just the 18 for me) but telling us exactly how much money you've got in those accounts isn't something I've seen before

Mine is bigger than yours!

But not as big as mine!        

castle96

But not bigger than mine - SO THERE!!!

clairec666

trickydicky14 said:

clairec666 said:

trickydicky14 said:

Afahmaep said:

                          Opening Darlington RS2 and Monmouthshire RS in the last week brings my total active Regular Savers back up to 52 with £112,000 actually in them at 5.70%.
                         My maturing accounts in the next week are Hanley BS and Stafford BS with £7,000 becoming available which will drop my total to £105,000. Neither of these Building Societies has a product that interests me so my Regular Saver total will drop back down to 50. 
                         The matured  £7,000 will to go towards my September obligations of £11,950

And your point?

I know people here like to share how many regular savers they've got (just the 18 for me) but telling us exactly how much money you've got in those accounts isn't something I've seen before

Mine is bigger than yours!

I thought mine was big.... until I joined this forum

Bob2000

Mine was always small but now l know it's tiny since joining MSE. Sigh!