The Top Regular Savers Discussion Thread

flaneurs_lobster

s71hj said:

You yourself described it as a "bit surprising". To be clear I wasn't suggesting I thought it was any kind of injustice. I had just assumed, wrongly that Edge up gave as much and more in return for paying in more per month

No inference made, I'm genuinely surprised that the Saver isn't available.

Thought about opening Cahoot's 5% on £3k account? (or 2). 

s71hj

flaneurs_lobster said:

s71hj said:

You yourself described it as a "bit surprising". To be clear I wasn't suggesting I thought it was any kind of injustice. I had just assumed, wrongly that Edge up gave as much and more in return for paying in more per month

No inference made, I'm genuinely surprised that the Saver isn't available.

Thought about opening Cahoot's 5% on £3k account? (or 2). 

No worries. Yes re Cahoot, but it's the capacity for setting up standing orders that I like (and need given my lack of faith in my ability to do monthly manual payments) , hence the need for a current account. 

flaneurs_lobster

Slinky said:

Can you open an Edge account if you aleady have Edge Up? I've got solo and joint Edge accounts with no money in either of them and an Edge Saver for each of them. If you don't set up the direct debits on the Edge account, then you won't get any charges for it.

One of mine is due to downgrade interest rate at the end of the month, I'm thinking I may close it before the end of the month and open another, just in case they pull the 6% rate.

Think that works, I've got two Edge current accounts (+ their Edge Savers) and there doesn't seem to be any prohibition on holding one of each (Edge & Edge Up) flavour.

As you say, just don't set up DDs to avoid the £3 charge.

Bridlington1

Furness BS Interest Rate Cuts 1/9/25:

1 Year Regular Saver ~~~ Reduction from 4.25% to 4%
Christmas Regular Saver (Issue 2) ~~~ NO CHANGE ~~~ Remains at 5.25%

s71hj

flaneurs_lobster said:

Slinky said:

Can you open an Edge account if you aleady have Edge Up? I've got solo and joint Edge accounts with no money in either of them and an Edge Saver for each of them. If you don't set up the direct debits on the Edge account, then you won't get any charges for it.

One of mine is due to downgrade interest rate at the end of the month, I'm thinking I may close it before the end of the month and open another, just in case they pull the 6% rate.

Think that works, I've got two Edge current accounts (+ their Edge Savers) and there doesn't seem to be any prohibition on holding one of each (Edge & Edge Up) flavour.

As you say, just don't set up DDs to avoid the £3 charge.

So is there no £3 charge if you don't set up any direct debits? . I have tried looking in t and Cs and couldn't find anything to that effect but probably me not looking properly! 

Slinky

s71hj said:

flaneurs_lobster said:

Slinky said:

Can you open an Edge account if you aleady have Edge Up? I've got solo and joint Edge accounts with no money in either of them and an Edge Saver for each of them. If you don't set up the direct debits on the Edge account, then you won't get any charges for it.

One of mine is due to downgrade interest rate at the end of the month, I'm thinking I may close it before the end of the month and open another, just in case they pull the 6% rate.

Think that works, I've got two Edge current accounts (+ their Edge Savers) and there doesn't seem to be any prohibition on holding one of each (Edge & Edge Up) flavour.

As you say, just don't set up DDs to avoid the £3 charge.

So is there no £3 charge if you don't set up any direct debits? . I have tried looking in t and Cs and couldn't find anything to that effect but probably me not looking properly! 

That's correct. I've had my 2 current Edge accounts and associated Edge savers for 2 years and never paid any charges as someone on MSE kindly pointed out it says somewhere in the T&Cs that the benefits and charges only become payable once there are 2 DDs setup. I had actually set up an Edge account and 2 DDs, and was being charged, but closed and reopened a new one which I've never used for anything.

flaneurs_lobster

s71hj said:

flaneurs_lobster said:

Slinky said:

Can you open an Edge account if you aleady have Edge Up? I've got solo and joint Edge accounts with no money in either of them and an Edge Saver for each of them. If you don't set up the direct debits on the Edge account, then you won't get any charges for it.

One of mine is due to downgrade interest rate at the end of the month, I'm thinking I may close it before the end of the month and open another, just in case they pull the 6% rate.

Think that works, I've got two Edge current accounts (+ their Edge Savers) and there doesn't seem to be any prohibition on holding one of each (Edge & Edge Up) flavour.

As you say, just don't set up DDs to avoid the £3 charge.

So is there no £3 charge if you don't set up any direct debits? . I have tried looking in t and Cs and couldn't find anything to that effect but probably me not looking properly! 

Correct. My second Edge CA has been sitting with a quid in it for a year.

s71hj

Slinky said:

s71hj said:

flaneurs_lobster said:

Slinky said:

Can you open an Edge account if you aleady have Edge Up? I've got solo and joint Edge accounts with no money in either of them and an Edge Saver for each of them. If you don't set up the direct debits on the Edge account, then you won't get any charges for it.

One of mine is due to downgrade interest rate at the end of the month, I'm thinking I may close it before the end of the month and open another, just in case they pull the 6% rate.

Think that works, I've got two Edge current accounts (+ their Edge Savers) and there doesn't seem to be any prohibition on holding one of each (Edge & Edge Up) flavour.

As you say, just don't set up DDs to avoid the £3 charge.

So is there no £3 charge if you don't set up any direct debits? . I have tried looking in t and Cs and couldn't find anything to that effect but probably me not looking properly! 

That's correct. I've had my 2 current Edge accounts and associated Edge savers for 2 years and never paid any charges as someone on MSE kindly pointed out it says somewhere in the T&Cs that the benefits and charges only become payable once there are 2 DDs setup. I had actually set up an Edge account and 2 DDs, and was being charged, but closed and reopened a new one which I've never used for anything.

A neat trick!!! And it seems you don't have to pay in £500 a month to retain the account, just to earn cashback. 

Growingold

gt94sss2 said:

liamcov said:

My Monmouthshire RS issue 2 expires soon, using the login details from the maturity letter, the only options are transferring to another Mon account or receiving a cheque - if I wait until it turns into a different savings account will I be able to close and select a transfer to my bank?

Yes, or post the enclosed form back to them

I closed mine early online and all funds including interest were in my nominated account later that day

ThePirates

flaneurs_lobster said:

s71hj said:

flaneurs_lobster said:

Slinky said:

Can you open an Edge account if you aleady have Edge Up? I've got solo and joint Edge accounts with no money in either of them and an Edge Saver for each of them. If you don't set up the direct debits on the Edge account, then you won't get any charges for it.

One of mine is due to downgrade interest rate at the end of the month, I'm thinking I may close it before the end of the month and open another, just in case they pull the 6% rate.

Think that works, I've got two Edge current accounts (+ their Edge Savers) and there doesn't seem to be any prohibition on holding one of each (Edge & Edge Up) flavour.

As you say, just don't set up DDs to avoid the £3 charge.

So is there no £3 charge if you don't set up any direct debits? . I have tried looking in t and Cs and couldn't find anything to that effect but probably me not looking properly! 

Correct. My second Edge CA has been sitting with a quid in it for a year.

That's interesting, I do have 2 DDs on mine but don't pay in £500 so I've never had to pay the fee!