The Top Regular Savers Discussion Thread

janusd

schiff said:

Is it the normal routine to cancel the SOs on HSBC and FD regular savers once the last payment has been paid?
And start fresh ones once the RS has been renewed? I only use SOs when I'm obliged to so I'm not au fait with the routine and I can't remember what I did last year!

in reality, you don't need to use a SO with HSBC - you can cancel it and just transfer the payment to the RS manually from your HSBC current account... FD is the only RS I have that I am forced to use a SO with.

wmb194

schiff said:

Is it the normal routine to cancel the SOs on HSBC and FD regular savers once the last payment has been paid?
And start fresh ones once the RS has been renewed? I only use SOs when I'm obliged to so I'm not au fait with the routine and I can't remember what I did last year!

There should be an end date set on your SO so you shouldn't have to do anything yourself. You can check it the app in the payments section - manage regular payments.

Hattie627

Coventry BS First Home Saver Issue 2

Reducing to 4.50% (from 4.60%) with effect from 1 September 2025
Source: email

Apologies if already noted on here

ChewyyBacca

Bridlington1 said:

Progressive BS Interest Rate Reductions 1/9/25:

Online Regular Rainy Day Saver Issue 1 ~~~Reduction from 6.25% to 6%
Online Regular Rainy Day Saver Issue 2 ~~~Reduction from 4.25% to 4%
Online Regular Rainy Day Saver Issue 3 ~~~ NO CHANGE ~~~ Remains at 5.5%

I hold Progressive RS Iss 1, due to mature on 29 Aug 2025
Today morning I received an email (redundant) about rate reduction effective from 1 Sept 2025.

Hattie627

Darlington BS 12 Month RS Issue 2

This was launched on 8th August at 6% variable, so I would have been surprised if they had dropped the rate following the base rate change effective 7th August.

Bridlington1

ChewyyBacca said:

Bridlington1 said:

Progressive BS Interest Rate Reductions 1/9/25:

Online Regular Rainy Day Saver Issue 1 ~~~Reduction from 6.25% to 6%
Online Regular Rainy Day Saver Issue 2 ~~~Reduction from 4.25% to 4%
Online Regular Rainy Day Saver Issue 3 ~~~ NO CHANGE ~~~ Remains at 5.5%

I hold Progressive RS Iss 1, due to mature on 29 Aug 2025
Today morning I received an email (redundant) about rate reduction effective from 1 Sept 2025.

If it's any consolation my Coventry Sunny Day Saver matures on 31/8/25 and I got an email this morning to tell me it was reducing on 1/9/25.

I've also had emails from others notifying me of interest rate cuts to accounts that I'd already closed in the past.

clairec666

Bridlington1 said:

ChewyyBacca said:

Bridlington1 said:

Progressive BS Interest Rate Reductions 1/9/25:

Online Regular Rainy Day Saver Issue 1 ~~~Reduction from 6.25% to 6%
Online Regular Rainy Day Saver Issue 2 ~~~Reduction from 4.25% to 4%
Online Regular Rainy Day Saver Issue 3 ~~~ NO CHANGE ~~~ Remains at 5.5%

I hold Progressive RS Iss 1, due to mature on 29 Aug 2025
Today morning I received an email (redundant) about rate reduction effective from 1 Sept 2025.

If it's any consolation my Coventry Sunny Day Saver matures on 31/8/25 and I got an email this morning to tell me it was reducing on 1/9/25.

I've also had emails from others notifying me of interest rate cuts to accounts that I'd already closed in the past.

Presumably you'll withdraw all your money in protest at the massive amount of interest you'll lose

flaneurs_lobster

clairec666 said:

Bridlington1 said:

ChewyyBacca said:

Bridlington1 said:

Progressive BS Interest Rate Reductions 1/9/25:

Online Regular Rainy Day Saver Issue 1 ~~~Reduction from 6.25% to 6%
Online Regular Rainy Day Saver Issue 2 ~~~Reduction from 4.25% to 4%
Online Regular Rainy Day Saver Issue 3 ~~~ NO CHANGE ~~~ Remains at 5.5%

I hold Progressive RS Iss 1, due to mature on 29 Aug 2025
Today morning I received an email (redundant) about rate reduction effective from 1 Sept 2025.

If it's any consolation my Coventry Sunny Day Saver matures on 31/8/25 and I got an email this morning to tell me it was reducing on 1/9/25.

I've also had emails from others notifying me of interest rate cuts to accounts that I'd already closed in the past.

Presumably you'll withdraw all your money in protest at the massive amount of interest you'll lose

Make a formal complaint - got to be worth a few quid compo for the mental anguish alone. 

alfred64

schiff said:

 I can't remember what I did last year!

 It happens to us all.

Hal17

surreysaver said:

schiff said:

How did I miss the Darlington Issue 2 ?!!?? 

You need to check this thread at least once a day to keep on top of things regular saver wise!

Ha ha that's true. I opened the account this afternoon no issue, but my wife was given a referral number for someone to check her application.