The Top Regular Savers Discussion Thread

allegro120

jaypers said:

Darlington RS - Just opened as a new customer this morning. 

“Thank you for submitting your application for a new Savings account. Your application will be reviewed and a member of the team will be in touch soon.”

Are we talking email or snail mail before I can progress with the account? 

I've opened it on 8th August and received e-mail with all details on the 9th.  I've never received any snail mail from Darlington.  IIRC I could view the account almost immediately after opening.

PowerSavingMode

jaypers said:

Darlington RS - Just opened as a new customer this morning. 

“Thank you for submitting your application for a new Savings account. Your application will be reviewed and a member of the team will be in touch soon.”

Are we talking email or snail mail before I can progress with the account? 

Re: Darlington RS 

My application was 'accepted' and 'welcomed' online at around 7pm on a working day, and the welcome pack was in my email box the next morning, just before midday. Hope this helps.

Bob2000

jaypers said:

Darlington RS - Just opened as a new customer this morning. 

“Thank you for submitting your application for a new Savings account. Your application will be reviewed and a member of the team will be in touch soon.”

Are we talking email or snail mail before I can progress with the account? 

I opened the account (new customer) early August in the evening, 7ish, and received  a welcome email just after 10 same night.
I did get some letters in the post off them, but were all advertisements  about their products.

Bob2000

Darlington regular saver 
Suffolk regular saver 

I've decided  not to fund these products except  for the opening  month.So can l leave them unfunded without any issues?

Bob2000

s71hj said:

E_zroda said:

mon3ysav3r said:

s71hj said:

I've had a letter confirming my Principality RS 3 rollover to RS 4 even though I already have an RS 4. I did my request online on Sunday. Will do my wife's this coming Sunday in the hope that may be the reason it worked although I have to say my suspicion is more it's random chance. 

My online request for Principality RS 3 rollover to RS 4 was denied because I already have an RS 4, my previous attempt to rollover RS 2 to a RS 3 was also denied because I already had RS 3.

 Principality RS rollovers

It is a Dark Art with many posts here dedicated to mastering it....

I was wearing a green shirt when I did it and intend to again this Sunday. 

I always have my geat grandmother's  welsh bible near by and some Welsh cakes on hand before l attempt an online application regarding  6 months RS whatever issue!

clairec666

Bob2000 said:

Darlington regular saver 
Suffolk regular saver 

I've decided  not to fund these products except  for the opening  month.So can l leave them unfunded without any issues?

Darlington - "There is no minimum monthly investment and no penalty if you miss a monthly payment."
I'm unlikely to be able to fund mine every month

On another note - YBS £50 regular saver, maturing soon. I've dug out the T&Cs and it says the following:
What happens after one year?
Your £50 Regular eSaver will be transferred to an online easy access savings account. We’ll send you full details of this account at least 14 days before your £50 Regular eSaver ends.

Mine matures on the 13th, haven't received anything by email, and post round my way is notoriously slow. Anyone received anything yet, and can give an insight into which easy access account you'll get?

PowerSavingMode

Bob2000 said:

Darlington regular saver 
Suffolk regular saver 

I've decided  not to fund these products except  for the opening  month.So can l leave them unfunded without any issues?

In theory, yes, and so far, for me in any case, in actuality.

The Darlington RS is more definite, in that yes, you can: "There is no minimum monthly investment and no penalty if you miss a monthly payment." But, the minimum balance required to maintain this account is £1.

The Suffolk RS, on its product literature, states one ‘can’ fund from £10 pcm and, indeed, infers one MUST do so, but then it also states: “If you miss a monthly deposit, your account will remain open until maturity, and you can continue to save monthly.” 

Bridlington1

PowerSavingMode said:

Bob2000 said:

Darlington regular saver 
Suffolk regular saver 

I've decided  not to fund these products except  for the opening  month.So can l leave them unfunded without any issues?

The Suffolk RS, on its product literature, states one ‘can’ fund from £10 pcm and, indeed, infers one MUST do so, but then it also states: “If you miss a monthly deposit, your account will remain open until maturity, and you can continue to save monthly.” 

I opened a Suffolk BS RS last year with £10 to open the account and never funded it since, the account remains open and nobody from Suffolk BS have contacted me asking me to make another deposit. To be honest, I only opened the account for ``membership purposes".

My interpretation of the terms was that you can make a deposit of £10-£250/mth, not you must make a deposit of £10-£250/mth and that the terms allow you to miss payments.

allegro120

clairec666 said:

Bob2000 said:

Darlington regular saver 
Suffolk regular saver 

I've decided  not to fund these products except  for the opening  month.So can l leave them unfunded without any issues?

Darlington - "There is no minimum monthly investment and no penalty if you miss a monthly payment."
I'm unlikely to be able to fund mine every month

On another note - YBS £50 regular saver, maturing soon. I've dug out the T&Cs and it says the following:
What happens after one year?
Your £50 Regular eSaver will be transferred to an online easy access savings account. We’ll send you full details of this account at least 14 days before your £50 Regular eSaver ends.

Mine matures on the 13th, haven't received anything by email, and post round my way is notoriously slow. Anyone received anything yet, and can give an insight into which easy access account you'll get?

Mine matures on 9th.  I received the e-mail on 26th August:
"Thanks for saving with us - we hope you've been happy with your £50 Regular eSaver account.
We just wanted to let you know that your £50 Regular eSaver currently paying a variable^ interest rate of 8.00% Gross* p.a./AER** is maturing on 09-SEP-2025.
On 10-SEP-2025 we'll automatically transfer your savings to our Easy Access Saver Reward, in line with the terms and conditions of your account. This pays a variable^ interest rate, currently 4.05% Gross* p.a./AER** (correct as of today, but as a variable rate product this is subject to change)."

ForumUser7

PowerSavingMode said:

Bob2000 said:

Darlington regular saver 
Suffolk regular saver 

I've decided  not to fund these products except  for the opening  month.So can l leave them unfunded without any issues?

In theory, yes, and so far, for me in any case, in actuality.

The Darlington RS is more definite, in that yes, you can: "There is no minimum monthly investment and no penalty if you miss a monthly payment." But, the minimum balance required to maintain this account is £1.

The Suffolk RS, on its product literature, states one ‘can’ fund from £10 pcm and, indeed, infers one MUST do so, but then it also states: “If you miss a monthly deposit, your account will remain open until maturity, and you can continue to save monthly.” 

Bridlington1 said:

PowerSavingMode said:

Bob2000 said:

Darlington regular saver 
Suffolk regular saver 

I've decided  not to fund these products except  for the opening  month.So can l leave them unfunded without any issues?

The Suffolk RS, on its product literature, states one ‘can’ fund from £10 pcm and, indeed, infers one MUST do so, but then it also states: “If you miss a monthly deposit, your account will remain open until maturity, and you can continue to save monthly.” 

I opened a Suffolk BS RS last year with £10 to open the account and never funded it since, the account remains open and nobody from Suffolk BS have contacted me asking me to make another deposit. To be honest, I only opened the account for ``membership purposes".

My interpretation of the terms was that you can make a deposit of £10-£250/mth, not you must make a deposit of £10-£250/mth and that the terms allow you to miss payments.

Bob2000 said:

Darlington regular saver 
Suffolk regular saver 

I've decided  not to fund these products except  for the opening  month.So can l leave them unfunded without any issues?

IIRC the Suffolk RSs terms re required deposit vary depending on if it is the branch/post one, or the online one. Depends on the type and end date. For example the 31.12.2025 branch/post one says:

What happens if I miss a monthly deposit:

If you miss depositing into your account in any 2 calendar months, we will transfer the

balance to our instant access Everyday Saver account.