The Top Regular Savers Discussion Thread

Bob2000

I hope MonBS release a good Regular saver for Savers  Week? Don't get much mention on here that particular  building society 

clairec666

Kim_13 said:

jameseonline said:

innocentlove said:

..........

Yes savings week is coming up in September are you suggesting YBS will have a special account?

Edit: it's come from an email from YBS.

Nobody knows if any special accounts are going to be released this year but last year there were some accounts launched or improved upon eg HSBC launched a 7% version of their regular

It would be very disappointing if they went to the trouble of sending such an email then failed to offer even a replacement for the £50 eSaver.

Is savings week later this year, or did YBS launch prior to savings week in 2024? Mine matures on the 10th and if I recall correctly, it was NLA by the time it got to the 20th.

Yes, it's a week later.

I hope if HSBC offer something good then it remains available beyond the end of savings week - I had last year's 7% regular saver but I think it matures after the end of savings week. Might miss out on this year's offering if you can't have both open at the same time.

jameseonline

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.

LZC

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.

Regular saver “This account is only available to UK residents aged 16 or over, who don’t already hold a product from our regular saver range (either a Member Regular Saver, Branch Member Regular Saver, Regular Saver or a Branch Regular Saver) at the time of application.”

Members Regular Saver
“You can only hold one Member Regular Saver in your name at any one time (either a Member Regular Saver or a Branch Member Regular Saver).”

so theoretically it would appear you could have a regular saver and then open a Members Regular Saver. 

masonic

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.

clairec666

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).

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