The Top Regular Savers Discussion Thread

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

apt

Speculator said:

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.

At least Coventry has a 7% regular saver via Cooperative bank. When my 8% tiddler regular saver matures this week the only YBS accounts I'll have are those I use to generate small value direct debits.

flaneurs_lobster

happybagger said:

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

Disappointing? That's borderline misleading, and at best sly and underhand, not to mention that timetabled rate cut.

And it's a poor rate regardless of the cut.

Section62

Darlington BS  - regular saver maturities.

Apparently Darlington have a long-standing glitch in their online system which means online withdrawal requests to nominated accounts with certain external sort codes are likely to fail - Santander sort codes being an example.

The suggested work-arounds are either to send a secure message requesting the withdrawal, or changing your nominated account to one which isn't affected.  Barclays, HSBC, and LBG were suggested as ones which aren't affected.

I went with the second option as the secure message will only be actioned when someone gets around to it, whereas changing the nominated account is something the user can action, and only needs to be done once.  That said, the nominated account amendment process is also glitchy, which might need a phone call/secure message to get sorted.

WillPS

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.

Poor show but I would imagine this is just a generic 'end of regular saver' term workflow that pulls options from live products, presumably that's why the rate is today's rather than then one that applies from 2nd Oct.