The Top Regular Savers Discussion Thread

jameseonline

masonic said:

jameseonline said:

Am I right in thinking you can have Skipton Regular & Skipton Member Regular?, as someone that no longer holds the member regular I'm thinking of getting both as overflow accounts. I'm sure I read you can't have the regular if you already have a member regular but can have member if you have regular.

Correct. You just need to open them in the right order so that the more restrictive account is still "available" when you come to apply for it. You won't already hold a product from the range if you open that one first.

Opened the standard regular & funded it with £1, waiting for that to show up, then I guess all I need to do is open the Member version again & fund that.

I don't intend to fully fund either of these regular savers, as I said purely for overflow purposes, same as some other accounts I already have.

Bridlington1

jameseonline said:

masonic said:

jameseonline said:

Am I right in thinking you can have Skipton Regular & Skipton Member Regular?, as someone that no longer holds the member regular I'm thinking of getting both as overflow accounts. I'm sure I read you can't have the regular if you already have a member regular but can have member if you have regular.

Correct. You just need to open them in the right order so that the more restrictive account is still "available" when you come to apply for it. You won't already hold a product from the range if you open that one first.

Opened the standard regular & funded it with £1, waiting for that to show up, then I guess all I need to do is open the Member version again & fund that.

I don't intend to fully fund either of these regular savers, as I said purely for overflow purposes, same as some other accounts I already have.

You don't even need to wait for the £1 to show up, I opened the Member's RS within a minute of opening the standard RS.

Also worth noting with Skipton that the account terms begin from the date of first deposit rather than date opened and you've 30 days to fund so you could push the maturity dates to late September 2026 if you wished.

jameseonline

Bridlington1 said:

jameseonline said:

masonic said:

jameseonline said:

Am I right in thinking you can have Skipton Regular & Skipton Member Regular?, as someone that no longer holds the member regular I'm thinking of getting both as overflow accounts. I'm sure I read you can't have the regular if you already have a member regular but can have member if you have regular.

Correct. You just need to open them in the right order so that the more restrictive account is still "available" when you come to apply for it. You won't already hold a product from the range if you open that one first.

Opened the standard regular & funded it with £1, waiting for that to show up, then I guess all I need to do is open the Member version again & fund that.

I don't intend to fully fund either of these regular savers, as I said purely for overflow purposes, same as some other accounts I already have.

You don't even need to wait for the £1 to show up, I opened the Member's RS within a minute of opening the standard RS.

Also worth noting with Skipton that the account terms begin from the date of first deposit rather than date opened and you've 30 days to fund so you could push the maturity dates to late September 2026 if you wished.

Thanks dude, does Monmouthshire work in same/similar way or not?.

Thinking I might grab a 6% Monmouthshire.

jameseonline

clairec666 said:

jameseonline said:

Am I right in thinking you can have Skipton Regular & Skipton Member Regular?, as someone that no longer holds the member regular I'm thinking of getting both as overflow accounts. I'm sure I read you can't have the regular if you already have a member regular but can have member if you have regular.

Certainly worked for me back in July - open the non-member one first, then the member one.

They're quite useful as overflow accounts as any unused monthly allowance rolls over to the next month, so you could leave them with £1 for a few months then stick a lump sum in later. Only downside is that they don't allow withdrawals, but there's no loss of interest if you close early (confirmed from personal experience).

Rollover is a good feature & closing early with no interest loss is also good 

Bridlington1

jameseonline said:

Bridlington1 said:

jameseonline said:

masonic said:

jameseonline said:

Am I right in thinking you can have Skipton Regular & Skipton Member Regular?, as someone that no longer holds the member regular I'm thinking of getting both as overflow accounts. I'm sure I read you can't have the regular if you already have a member regular but can have member if you have regular.

Correct. You just need to open them in the right order so that the more restrictive account is still "available" when you come to apply for it. You won't already hold a product from the range if you open that one first.

Opened the standard regular & funded it with £1, waiting for that to show up, then I guess all I need to do is open the Member version again & fund that.

I don't intend to fully fund either of these regular savers, as I said purely for overflow purposes, same as some other accounts I already have.

You don't even need to wait for the £1 to show up, I opened the Member's RS within a minute of opening the standard RS.

Also worth noting with Skipton that the account terms begin from the date of first deposit rather than date opened and you've 30 days to fund so you could push the maturity dates to late September 2026 if you wished.

Thanks dude, does Monmouthshire work in same/similar way or not?.

Thinking I might grab a 6% Monmouthshire.

Monmouthshire's another one that begins the account term from the date of first deposit rather than date of application. Co-op and Gatehouse are the same off the top of my head.

ChewyyBacca

jameseonline said:

clairec666 said:

jameseonline said:

Am I right in thinking you can have Skipton Regular & Skipton Member Regular?, as someone that no longer holds the member regular I'm thinking of getting both as overflow accounts. I'm sure I read you can't have the regular if you already have a member regular but can have member if you have regular.

Certainly worked for me back in July - open the non-member one first, then the member one.

They're quite useful as overflow accounts as any unused monthly allowance rolls over to the next month, so you could leave them with £1 for a few months then stick a lump sum in later. Only downside is that they don't allow withdrawals, but there's no loss of interest if you close early (confirmed from personal experience).

Rollover is a good feature & closing early with no interest loss is also good 

Can someone please explain the concept of ''Rollover''?
My Santander Reg Saver Iss 19 is finishing its 12 months, though i have noted in my excel sheet ''Automatic rollover''. What exactly happens here?

Kim_13

ChewyyBacca said:

jameseonline said:

clairec666 said:

jameseonline said:

Am I right in thinking you can have Skipton Regular & Skipton Member Regular?, as someone that no longer holds the member regular I'm thinking of getting both as overflow accounts. I'm sure I read you can't have the regular if you already have a member regular but can have member if you have regular.

Certainly worked for me back in July - open the non-member one first, then the member one.

They're quite useful as overflow accounts as any unused monthly allowance rolls over to the next month, so you could leave them with £1 for a few months then stick a lump sum in later. Only downside is that they don't allow withdrawals, but there's no loss of interest if you close early (confirmed from personal experience).

Rollover is a good feature & closing early with no interest loss is also good 

Can someone please explain the concept of ''Rollover''?
My Santander Reg Saver Iss 19 is finishing its 12 months, though i have noted in my excel sheet ''Automatic rollover''. What exactly happens here?

Rollover in the Skipton context means that unused deposit allowance can be carried forward, so if you opened with £1 now you could pay in £499 on September payday (for example.)

With other providers, eg. Halifax, rollover means them automatically emptying the RS into a EA and beginning a new RS without you needing to reapply.

s71hj

Kim_13 said:

ChewyyBacca said:

jameseonline said:

clairec666 said:

jameseonline said:

Am I right in thinking you can have Skipton Regular & Skipton Member Regular?, as someone that no longer holds the member regular I'm thinking of getting both as overflow accounts. I'm sure I read you can't have the regular if you already have a member regular but can have member if you have regular.

Certainly worked for me back in July - open the non-member one first, then the member one.

They're quite useful as overflow accounts as any unused monthly allowance rolls over to the next month, so you could leave them with £1 for a few months then stick a lump sum in later. Only downside is that they don't allow withdrawals, but there's no loss of interest if you close early (confirmed from personal experience).

Rollover is a good feature & closing early with no interest loss is also good 

Can someone please explain the concept of ''Rollover''?
My Santander Reg Saver Iss 19 is finishing its 12 months, though i have noted in my excel sheet ''Automatic rollover''. What exactly happens here?

Rollover in the Skipton context means that unused deposit allowance can be carried forward, so if you opened with £1 now you could pay in £499 on September payday (for example.)

With other providers, eg. Halifax, rollover means them automatically emptying the RS into a EA and beginning a new RS without you needing to reapply.

I must admit I've never heard of any other provider taking the Skipton approach. And indeed I wasn't aware of it in the case of Skipton so thanks to the OP for drawing attention to it

Bridlington1

s71hj said:

Kim_13 said:

ChewyyBacca said:

jameseonline said:

clairec666 said:

jameseonline said:

Am I right in thinking you can have Skipton Regular & Skipton Member Regular?, as someone that no longer holds the member regular I'm thinking of getting both as overflow accounts. I'm sure I read you can't have the regular if you already have a member regular but can have member if you have regular.

Certainly worked for me back in July - open the non-member one first, then the member one.

They're quite useful as overflow accounts as any unused monthly allowance rolls over to the next month, so you could leave them with £1 for a few months then stick a lump sum in later. Only downside is that they don't allow withdrawals, but there's no loss of interest if you close early (confirmed from personal experience).

Rollover is a good feature & closing early with no interest loss is also good 

Can someone please explain the concept of ''Rollover''?
My Santander Reg Saver Iss 19 is finishing its 12 months, though i have noted in my excel sheet ''Automatic rollover''. What exactly happens here?

Rollover in the Skipton context means that unused deposit allowance can be carried forward, so if you opened with £1 now you could pay in £499 on September payday (for example.)

With other providers, eg. Halifax, rollover means them automatically emptying the RS into a EA and beginning a new RS without you needing to reapply.

I must admit I've never heard of any other provider taking the Skipton approach. And indeed I wasn't aware of it in the case of Skipton so thanks to the OP for drawing attention to it

First Direct also allows you to catch up on missed deposits in later months, same goes for HSBC.

Bridlington1

Principality BS 6 Month Regular Saver (Issue 3) at 7.5% to go NLA within hours.

Replaced by Issue 4 at the same rate.