The Top Regular Savers Discussion Thread

poshrule_uk

My HSBC regular saver finishes today. Will it be quicker to get my funds if I message them today to close my account?

PloughmansLunch

poshrule_uk said:

My HSBC regular saver finishes today. Will it be quicker to get my funds if I message them today to close my account?

I wouldn't have thought so - their process is automated on the maturation date to convert the matured account into either a Flexible Saver or a Premier Savings depending on which you qualify for. My HSBC RS matures tomorrow, and I have one of the above savings accounts already open which may or may not speed things up a little tiny bit.

Closure T&Cs if taken literally could make saving for a year a complete waste of time:

• You can choose to close your account early, but if you do, you’ll receive interest at our Flexible Saver rate

topyam

Were there many good RS deals last year for savings week?

brucefan_2

francoghezzi said:

SUFFOLK REG SAVER 5% FIXED 30/11/26
The new Regular Saver announced by Bridlington1 is now available on line, can be open even by those who have the previous versions of the Regular Saver ending July 26 (4.85%) and September 26 (5%). Opened and funded in a minute (using a debit card makes the payment immediately available in their on line banking). It allows 15 monthly deposits, something that makes it interesting (at least to me) although the interest rate is not among the best ones. You can miss as many payments as you like without problems

Thank you for pointing this out. Account opened and funded very easily. Funds will be available from 01/12/26.

This will do very nicely as an account to throw any spare cash into preparing for Christmas of next year. Perfect timing.

kimwp

I just tried to open the AIB (NI) account - I called them as I couldn't work out how to apply online - they said new customers had to go into a branch to verify their documents and there aren't any branches in England.

Speculator

WillPS said:

Not sure why there's so much pessimism YBS will be able to offer 8% again, Saffron had no problem offering the same rate (and even extending out eligibility via their refer-a-friend offering). Recent offers from Darlington and Monmouthshire have been on an upwards trajectory. To be clear I'm not saying they will definitely offer a repeat run or an improvement, but it wouldn't be a surprise to me if they did.

As for the tiny pay ins... if you're aiming to keep the number of accounts you have down I can kind of understand but if not surely every little helps? It's not as though sending to 1 extra account each month is particularly burdensome. 

Received this email this morning. I've been with them for over 30 years.

apt

Have had an email from YBS bigging up their Loyalty Regular eSaver at 5.05% variable. Interest rate would have to be at least 1% higher to interest me. A few years ago YBS was frequently top of the interest rate tables for regular savers. Things are very different now.

Speculator

apt said:

Have had an email from YBS bigging up their Loyalty Regular eSaver at 5.05% variable. Interest rate would have to be at least 1% higher to interest me. A few years ago YBS was frequently top of the interest rate tables for regular savers. Things are very different now.

Same with Coventry. Second and third biggest building societies in the UK offering very poor regular savers.

Aidanmc

apt said:

Have had an email from YBS bigging up their Loyalty Regular eSaver at 5.05% variable. Interest rate would have to be at least 1% higher to interest me. A few years ago YBS was frequently top of the interest rate tables for regular savers. Things are very different now.

Also had this email today, close this RS couple of months ago to free up funds for other RS's. 
Was nearly going to re apply today, then i seen the rate is reducing to 4.85% on 2 October.

happybagger

Speculator said:

WillPS said:

Not sure why there's so much pessimism YBS will be able to offer 8% again, Saffron had no problem offering the same rate (and even extending out eligibility via their refer-a-friend offering). Recent offers from Darlington and Monmouthshire have been on an upwards trajectory. To be clear I'm not saying they will definitely offer a repeat run or an improvement, but it wouldn't be a surprise to me if they did.

As for the tiny pay ins... if you're aiming to keep the number of accounts you have down I can kind of understand but if not surely every little helps? It's not as though sending to 1 extra account each month is particularly burdensome. 

Received this email this morning. I've been with them for over 30 years.

Given that they gave notification of an incoming reduction of this account to 4.85% some time ago, it's disappointing the email doesn't say as such