The Top Regular Savers Discussion Thread

PowerSavingMode

fuzzzzy said:

35har1old said:

mon3ysav3r said:

Slinky said:

I've just tried logging in to Progressive to check my SO has arrived today, and after putting in my password it's come up with a Salesforce page asking me to change my password.  Never had this before, I've abandoned the login. Is this genuine?

Yes it appears to be genuine.

It did the same to me a week or so ago, I changed my password and all is good.

I have worked my entire life working in IT, and I was surprised that they use Salesforce for authentication it makes no sense, but then I thought this is the only institution to stop using SMS message 2FA and swap to WhatsApp ....

Site doesn't operate correctly if in private window won't go back to accounts.
They haven't stopped using SMS messages
Both take equally as long to come through 
Online services don't appear to run 24 hrs a day 

I have just received a text from Progressive saying when I next login I will receive my 6 digit Code via WhatsApp, not SMS. I don't even have an account. I tried applying for one a while ago but gave up because it was too much hassle to satisfy their ID checks.

I had similar a while back. I don't have or use WhatsApp, either, and after a few going-back-and-forth emails, Progressive agreed to send the code via email (saying that SMS was not secure!).

Sussex_Green_Man

Does anyone know if Aldermore Bank allow a 13th payment?  The T&C do not specifically state that £3600 is the maximum deposit balance.  Thanks

ChewyyBacca

Sussex_Green_Man said:

Does anyone know if Aldermore Bank allow a 13th payment?  The T&C do not specifically state that £3600 is the maximum deposit balance.  Thanks

Yes 13th payment is allowed in Aldermore

Hattie627

Hattie627 said:

s71hj said:

trickydicky14 said:

I can confirm Monmouth are still processing postal requests for the branch RS. I posted mine first class on the 27th and account showing today 2nd Sept in the app.

My only disappointment being they have credited my account as of today the 2nd yet the cheque was dated 27th so I can’t pay in another £500 for September. I’m not complaining, I’m pleased they opened the account without me having to go all the way to Hereford to sort it.

Yep, mine and wife's posted 2nd class Wed and showing this morning with deposit date of today

Monmouthshire BS Branch Exc RS

I posted my application last Wed 2nd class but no action on the app yet. Still, I'm hopeful it will be opened soon. Thanks for the updates on this.

Account showing as open this afternoon on the app, with a cheque credit of £500 dated today. Cheque not yet cleared through bank account but presumably it will be debited tomorrow. I have successfully added the new account to my Monmouthshire online account list and set up monthly SO to run from 1 October to 1 August next year.

Bridlington1

Hanley Economic BS Interest Rate Cuts 1/10/25:

Online Regular Saver (NLA) ~~~ Reduction from 4.4% to 4.15%.

Aidanmc

Kim_13 said:

surreysaver said:

Speculator said:

roked said:

I closed my Coventry seasonal RS today due to the rate dropping below my threshold and wanted to use the funds for other RS's anyway. Surprised to see that I seem to have only got a two-week penalty on interest instead of a full month. Not complaining

There should be no penalty for closing due to the rate drop.

If I understand Coventry's T&Cs correctly, it is within a certain amount of time of receiving notification of the rate drop - not of the rate actually dropping.
Can't remember when Coventry sent out its notifications, but I think it was quite a while ago 

They sent it on 18/8, but there has been confusion this time around due to the wording of that email suggesting it was 30 days from the effective date rather than the notification date. 

Coventry haven’t responded to my secure message sent before they opened yesterday, if they don’t answer soon I guess I will close the Loyalty Saver myself and then raise a complaint if a penalty is applied.

You can close it penalty free until 2nd October.
I closed mine last week also without penalty.

s71hj

Aidanmc said:

Kim_13 said:

surreysaver said:

Speculator said:

roked said:

I closed my Coventry seasonal RS today due to the rate dropping below my threshold and wanted to use the funds for other RS's anyway. Surprised to see that I seem to have only got a two-week penalty on interest instead of a full month. Not complaining

There should be no penalty for closing due to the rate drop.

If I understand Coventry's T&Cs correctly, it is within a certain amount of time of receiving notification of the rate drop - not of the rate actually dropping.
Can't remember when Coventry sent out its notifications, but I think it was quite a while ago 

They sent it on 18/8, but there has been confusion this time around due to the wording of that email suggesting it was 30 days from the effective date rather than the notification date. 

Coventry haven’t responded to my secure message sent before they opened yesterday, if they don’t answer soon I guess I will close the Loyalty Saver myself and then raise a complaint if a penalty is applied.

You can close it penalty free until 2nd October.
I closed mine last week also without penalty.

Is there a penalty for early closure of the Coventry Loyalty Seasonal saver? 

Aidanmc

s71hj said:

Aidanmc said:

Kim_13 said:

surreysaver said:

Speculator said:

roked said:

I closed my Coventry seasonal RS today due to the rate dropping below my threshold and wanted to use the funds for other RS's anyway. Surprised to see that I seem to have only got a two-week penalty on interest instead of a full month. Not complaining

There should be no penalty for closing due to the rate drop.

If I understand Coventry's T&Cs correctly, it is within a certain amount of time of receiving notification of the rate drop - not of the rate actually dropping.
Can't remember when Coventry sent out its notifications, but I think it was quite a while ago 

They sent it on 18/8, but there has been confusion this time around due to the wording of that email suggesting it was 30 days from the effective date rather than the notification date. 

Coventry haven’t responded to my secure message sent before they opened yesterday, if they don’t answer soon I guess I will close the Loyalty Saver myself and then raise a complaint if a penalty is applied.

You can close it penalty free until 2nd October.
I closed mine last week also without penalty.

Is there a penalty for early closure of the Coventry Loyalty Seasonal saver? 

I kept the Seasonal saver for now.
But the same terms should apply as the rate was reduced also.
Penalty free until 2nd October

chris_the_bee

roked said:

I closed my Coventry seasonal RS today due to the rate dropping below my threshold and wanted to use the funds for other RS's anyway. Surprised to see that I seem to have only got a two-week penalty on interest instead of a full month. Not complaining

You should not have received any penalty. From their advice letter:-
"We understand that you want the best possible return on your savings. If you decide to close your account because of this rate change, you can do so without notice, charge, or loss of interest within 30 days of the effective date. After this, normal account closure conditions will apply."

BestSeagull

Sussex_Green_Man said:

Does anyone know if Aldermore Bank allow a 13th payment?  The T&C do not specifically state that £3600 is the maximum deposit balance.  Thanks

Aldermore do allow a 13th payment but it has to be a direct transfer in from outside. If you're trying to move money from another Aldermore account, the system will block the transfer.