The Top Regular Savers Discussion Thread

flaneurs_lobster

WillPS said:

YBS launched their £50 saver on Mon, Sept 9th last year. 2025 version tomorrow?

I seem to remember the details were all released in advance of the account last year, whereas all the messaging this time around seems to have been around Savings Week, which isn't for another couple of weeks.

My enthusiasm for these small RSs is waning somewhat. Unless it's 6% or better I'll be giving it a swerve. 

Dizzycap

WillPS said:

YBS launched their £50 saver on Mon, Sept 9th last year. 2025 version tomorrow?

I seem to remember the details were all released in advance of the account last year, whereas all the messaging this time around seems to have been around Savings Week, which isn't for another couple of weeks.

There was a YBS email at the end of the week offering a new fixed ISA savings account but no mention of a RS. Maybe they'll roll out another email next week with a RS offer or leave it until savings week?

subjecttocontract

flaneurs_lobster said:

WillPS said:

YBS launched their £50 saver on Mon, Sept 9th last year. 2025 version tomorrow?

I seem to remember the details were all released in advance of the account last year, whereas all the messaging this time around seems to have been around Savings Week, which isn't for another couple of weeks.

My enthusiasm for these small RSs is waning somewhat. Unless it's 6% or better I'll be giving it a swerve. 

I agree.
This year's 8% offer at £50 a month & £26 in interest didn't attract me at all. I guess it was the 8% that grabbed people's attention.
Can't see any new offer being anywhere near 8% this year.

jim1999

subjecttocontract said:

flaneurs_lobster said:

WillPS said:

YBS launched their £50 saver on Mon, Sept 9th last year. 2025 version tomorrow?

I seem to remember the details were all released in advance of the account last year, whereas all the messaging this time around seems to have been around Savings Week, which isn't for another couple of weeks.

My enthusiasm for these small RSs is waning somewhat. Unless it's 6% or better I'll be giving it a swerve. 

I agree.
This year's 8% offer at £50 a month & £26 in interest didn't attract me at all. I guess it was the 8% that grabbed people's attention.
Can't see any new offer being anywhere near 8% this year.

I have come to a similar conclusion.

Personally, I have space in Santander Edge for any money that doesn't go into RS.

If YBS offer £50 pcm at 8% for £26, after 40% tax that's around £16.

Alternatively it could go into Edge at 6%, which would be worth around £11 after tax based on £300 average balance.

So the net gain for the YBS account is £5.

Opening might only take a few minutes, but by the time I've logged into the app to keep an eye on it a few times and sorted out the maturity etc, it just isn't worthwhile.

I know everyone will have different criteria, tax rates and value propositions, but these are slipping below my "can I be bothered" bar.

clairec666

Dizzycap said:

WillPS said:

YBS launched their £50 saver on Mon, Sept 9th last year. 2025 version tomorrow?

I seem to remember the details were all released in advance of the account last year, whereas all the messaging this time around seems to have been around Savings Week, which isn't for another couple of weeks.

There was a YBS email at the end of the week offering a new fixed ISA savings account but no mention of a RS. Maybe they'll roll out another email next week with a RS offer or leave it until savings week?

They've sent out emails advertising savings week, but no hint as to whether they'll be offering any good new accounts.

I'm guessing we won't get anything as good as 8% this year, but I'm hoping there will be something on offer.

Bob2000

flaneurs_lobster said:

Bob2000 said:

MonBS APP EXCLUSIVE  RS 7%

Would MonBS close the account  because of non-app use?

If it were any other building society then I would say "No way" but..... 

Well l thought  I'd contact the people who would know but in the end decided  to get in touch with Monmouthshire instead!

Bob2000

Catplan said:

Bob2000 said:

MonBS APP EXCLUSIVE  RS 7%

So yet another breakdown with the app. I was wondering if l could just delete it and use the online portal instead?
Already fully funded 2 months.

Would MonBS close the account  because of non-app use?

So I’ve just checked app working for me still, although as it’s up and running I don’t really need to use the app. I could check funds have arrived, other than that I don’t really need the app, until maturity, so not sure how they can class anything as non use as I don’t actually need to do anything now it’s up and running.

That's what l thought  to be honest but wanted to check more experienced  minds.

Bob2000

adw1977 said:

I would suggest just ignore the app and use the online service.
Just in case deleting the app causes an issue, although would MonBS even know you had?

Fair enough point but l could use the memory on my phone if it's just sitting there.

friolento

Bob2000 said:

flaneurs_lobster said:

Bob2000 said:

MonBS APP EXCLUSIVE  RS 7%

Would MonBS close the account  because of non-app use?

If it were any other building society then I would say "No way" but..... 

Well l thought  I'd contact the people who would know but in the end decided  to get in touch with Monmouthshire instead!

What did they say?

Born2Save_3

Born2Save_3 said:

Bigwheels1111 said:

Born2Save_3 said:

MHBS Fixed Term Regular Savers Overfunding

They're enforcing the rules this month.  My second account £250 funding returned :

01/09/2025

Clrd Sav Rcpt

Standing Order xxxxxxxxxxx

£250.00

02/09/2025

Sav Return S/O

Standing Order Restricted

-£250.00

Credited to my current account today 3/9/25.

That's not good.

Both mine went in and have credited this month, I hop they leave it for 2 more payments.

Fingers crossed.

Did they close some of your accounts and/or return money to you recently ? 

Did anyone manage to have more than one £250 payment to MHBS accepted this month ?  And did you have money returned and / or accounts closed recently for having added too much or having too many accounts ?

Thanks