The Top Regular Savers Discussion Thread

janusd

garfield33 said:

janusdesign said:

Principality BS have announced a 0.20% reduction on their existing variable rate accounts from 18th September...

Our variable rate savings accounts will be decreasing by 0.20% on 18 September 2025. To view our new interest rates, visit the savings products pages.

• 1 Year Triple Access Regular Saver - from 5.15% to 4.95%
• First Home Steps Account - from 4.40% to 4.20%

for withdrawn products, they haven't updated their rates pdf yet, so you might have to wait for their emails to find out what's happening to those NLA accounts... though all of my RS with them are fixed rate, so this change won't affect those accounts.

Hi janusdesign, thanks for this.

Do you know where Principality put the info on the changes to NLA accounts? I know you said they haven't put the new pdf up but I can't even find an old one. I've been poking around the website for ages but they only say "visit the savings products pages" which is fine for available accounts but not the NLAs.

I've noticed the NHS savers are no longer showing as available (I still have one with a few quid in), I don't know if that's new or if I'm just slow noticing.

Managing Your Savings Account: FAQs | Principality -> What is the interest rate on my account?

in that accordion question, will be the links to the variable & fixed pdfs... I suspect the links to the pdf files change with each version, so no point posting direct links as they will become outdated.

from past experience, we'll receive the personalised emails from Principality, outlining changes to our own individual accounts, before that pdf gets updated.

Speculator

I opened a Santander Monthly saver on 14/8/24 and made my first deposit on 19/8/24.

Then I paid in another £200 in error on the 2/9/24. The £200 was not automatically returned as an overpayment.

I then paid £200 by S/o on the first working day of each month until I reached £2400 on 1/7/25. Yesterday I received £68.48 in interest as expected.

janusd

Re: Coventry BS First Home Saver (Issue 1) NLA - am I correct in thinking that this account doesn't have to be funded each month ?

i've been through the relevant PDFs in @Bridlington1 archived history thread (quicker than finding them locally!), and I know it's a max of £1,000 per month but can't see any mention of a minimum deposit.

I note on the 1st page of this thread, for the later Issue 2, that there is a £1 minimum with no apparent penalties for missed payments - just wondering if this was the same with Issue 1 ??

the reason for asking is that I would be funding it from a savings account paying 4.55%, and with the RS rate dropping to 4.50% next month, it makes little sense to me to fund it if I don't need to.

Kim_13

janusdesign said:

Re: Coventry BS First Home Saver (Issue 1) NLA - am I correct in thinking that this account doesn't have to be funded each month ?

i've been through the relevant PDFs in @Bridlington1 archived history thread (quicker than finding them locally!), and I know it's a max of £1,000 per month but can't see any mention of a minimum deposit.

I note on the 1st page of this thread, for the later Issue 2, that there is a £1 minimum with no apparent penalties for missed payments - just wondering if this was the same with Issue 1 ??

the reason for asking is that I would be funding it from a savings account paying 4.55%, and with the RS rate dropping to 4.50% next month, it makes little sense to me to fund it if I don't need to.

Correct. I haven't funded it since 2023 and the account remains open.

Aidanmc

Can the Coventry BS Loyalty RS be closed now without penalty or do i have to wait until interest rate reduction takes effect?

Kim_13

Aidanmc said:

Can the Coventry BS Loyalty RS be closed now without penalty or do i have to wait until interest rate reduction takes effect?

I believe it is 30 days from the date of  notification (email not received as yet.) If it gets to the end of August without one, I will assume the pdf was the notification and secure message them asking to close.

jameseonline

Got a letter from Coventry Building Society about my Sunny Day Saver at 5.75% coming to an end on 4th September & it getting converted to an Easy Access 7 at 2.40%.

Did I see earlier they are reducing the Sunny Day soon?, seems a bit pointless them doing that for a few days.

Also am I right in thinking this started at 6.25% then went down to 6% & is currently 5.75%?

Kim_13

jameseonline said:

Got a letter from Coventry Building Society about my Sunny Day Saver at 5.75% coming to an end on 4th September & it getting converted to an Easy Access 7 at 2.40%.

Did I see earlier they are reducing the Sunny Day soon?, seems a bit pointless them doing that for a few days.

Also am I right in thinking this started at 6.25% then went down to 6% & is currently 5.75%?

I got the same letter, mine matures on the day the rate reduction takes effect (a 0.1% rate reduction which makes it seem particularly pointless.) The account lasted less than a month on sale in any case.

clairec666

jameseonline said:

Also am I right in thinking this started at 6.25% then went down to 6% & is currently 5.75%?

I've got it at 6.25% on my spreadsheet for last year. Can't remember when it dropped to 6%.

Bridlington1

clairec666 said:

jameseonline said:

Also am I right in thinking this started at 6.25% then went down to 6% & is currently 5.75%?

I've got it at 6.25% on my spreadsheet for last year. Can't remember when it dropped to 6%.

3rd March for 6.25% to 6% and 2nd June for 6% to 5.75%.

Links to lists of previous interest rate reductions appear on the first page of the Archived thread:
https://forums.moneysavingexpert.com/discussion/comment/80268179/#Comment_80268179