The Top Regular Savers Discussion Thread

allegro120

exel1966 said:

BestSeagull said:

friolento said:

Stargunner said:

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?

My HSBC RS matured today Checking in the app this morning it has become a PREF REG SAVER paying 1.3% interest. The £115 interest had been added and I transferred all the funds to my HSBC Advance account and then withdrew them.
I will use the online chat later today to close the account. 

Mine has also turned into a PREF REG SAVER but I am unable to transfer anything out of this account

Transfer to your current account and then out from there? I actually found I had to set up a new payee from the current account, I'm sure I must have transferred out in the past so perhaps it's a security measure.

Ditto, for some reason my 2 payees had disappeared and I had to set up a new one. Holding off now for another 7%er during savings week hopefully.

I've noticed HSBC automatically delete payees if they haven't been used for a long period of time.  The same happens with Nationwide and may be some other banks.

allegro120

Stargunner said:

exel1966 said:

BestSeagull said:

friolento said:

Stargunner said:

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?

My HSBC RS matured today Checking in the app this morning it has become a PREF REG SAVER paying 1.3% interest. The £115 interest had been added and I transferred all the funds to my HSBC Advance account and then withdrew them.
I will use the online chat later today to close the account. 

Mine has also turned into a PREF REG SAVER but I am unable to transfer anything out of this account

Transfer to your current account and then out from there? I actually found I had to set up a new payee from the current account, I'm sure I must have transferred out in the past so perhaps it's a security measure.

Ditto, for some reason my 2 payees had disappeared and I had to set up a new one. Holding off now for another 7%er during savings week hopefully.

I transferred to my current account and my payee was still there, so I transferred it out..
I have been on online chat and closed the Pref Reg Saver.
Will wait now and see if they launch anything during savings week, as the current 5% RS is not very appealing 

Precisely.  If they launch RS at higher rate you will have to close the existing 5% in order to be eligible for opening it and the existing sum will earn a very low rate.  I'm not going for 5% RS, not a good time to do it.  I'll wait until the end of "savings week" and look at it again if they don't come up with a better rate, it's unlikely that they will reduce the rate for this product in near future.

pecunianonolet

Hattie627 said:

Yorkshire BS £50 Regular Saver

Opened on the first day of issue last year (10/09/24). Interest of £27.06 now credited (0200 hours, 9th September 2025). Account closed at £627.06 and funds moved out (due in current account on 10th).

Although the rate of 8% was impressive, the return is less than exciting after a year's saving. Still, every penny counts.

I had £27.16 credited but can't see a way of moving the entire balance out. It does say product will mature in 1 day in the app. Do I need to wait until tomorrow?

schiff

clairec666 said:

Hattie627 said:

Yorkshire BS £50 Regular Saver

Opened on the first day of issue last year (10/09/24). Interest of £27.06 now credited (0200 hours, 9th September 2025). Account closed at £627.06 and funds moved out (due in current account on 10th).

Although the rate of 8% was impressive, the return is less than exciting after a year's saving. Still, every penny counts.

Just think of it this way - each £50 deposit was earning a better rate than it could elsewhere.
 
Everyone's got their own criteria for whether a regular saver account is "worth it" compared to the admin involved. If I wasn't already a YBS customer I'd probably forego another 8% offering (if they offer it!) and sacrifice 1/8 of the interest to put it into Monmouthshire instead (which I'm unlikely to be able to fully fund each month). As I'm not a new YBS customer, admin will be minimal so I'll probably snap up anything they offer if it's over 7%.

I'm not a new  customer either having three or more open and working accounts for several years but every time I apply for a new account I'm overwhelmed with ID verifications. Every time. So much so that I've abandoned applications, unfortunately including that 8% RS. Even written a complaint letter to the CEO. And my mother was born in Sheffield lol

CuparLad

pecunianonolet said:

Hattie627 said:

Yorkshire BS £50 Regular Saver

Opened on the first day of issue last year (10/09/24). Interest of £27.06 now credited (0200 hours, 9th September 2025). Account closed at £627.06 and funds moved out (due in current account on 10th).

Although the rate of 8% was impressive, the return is less than exciting after a year's saving. Still, every penny counts.

I had £27.16 credited but can't see a way of moving the entire balance out. It does say product will mature in 1 day in the app. Do I need to wait until tomorrow?

No you don't. Go online (not the app) and close the account. You'll get the full balance in the linked account tomorrow.

pecunianonolet

CuparLad said:

pecunianonolet said:

Hattie627 said:

Yorkshire BS £50 Regular Saver

Opened on the first day of issue last year (10/09/24). Interest of £27.06 now credited (0200 hours, 9th September 2025). Account closed at £627.06 and funds moved out (due in current account on 10th).

Although the rate of 8% was impressive, the return is less than exciting after a year's saving. Still, every penny counts.

I had £27.16 credited but can't see a way of moving the entire balance out. It does say product will mature in 1 day in the app. Do I need to wait until tomorrow?

No you don't. Go online (not the app) and close the account. You'll get the full balance in the linked account tomorrow.

Thanks, that worked and could close the regular saver now. I am so used of doing things in apps that I keep forgetting that more functions are available in the online banking portal. 

schiff

Nobody has mentioned the weird new HSBC app. I'm reserving judgement but I hate it so far. I've withdrawn the full proceeds of the RS having initially left £250 in for the new one. But seeing the 5.00% rate for the next one I've withdrawn that too. I'll take my chances in Savers' Week.

Regarding First Direct. Though nothing at all is showing for the matured RS (today) I've successfully opened the new one at 7.00% Fixed.

allegro120

pecunianonolet said:

Hattie627 said:

Yorkshire BS £50 Regular Saver

Opened on the first day of issue last year (10/09/24). Interest of £27.06 now credited (0200 hours, 9th September 2025). Account closed at £627.06 and funds moved out (due in current account on 10th).

Although the rate of 8% was impressive, the return is less than exciting after a year's saving. Still, every penny counts.

I had £27.16 credited but can't see a way of moving the entire balance out. It does say product will mature in 1 day in the app. Do I need to wait until tomorrow?

YBS 
No, you don't have to wait.  I closed mine this morning, expecting funds to arrive tomorrow.  

I had £27.11, Don't know why I got 5p less, I've opened the account on 10th and paid in £50 every 1st of the month.

castle96

me too.   also Stafford Building Society that will take £1,000 per month at 4.4%? They periodically allow up to an extra £12,000 to be paid in on top and recently sent me such an offer as an existing customer.

pecunianonolet

allegro120 said:

pecunianonolet said:

Hattie627 said:

Yorkshire BS £50 Regular Saver

Opened on the first day of issue last year (10/09/24). Interest of £27.06 now credited (0200 hours, 9th September 2025). Account closed at £627.06 and funds moved out (due in current account on 10th).

Although the rate of 8% was impressive, the return is less than exciting after a year's saving. Still, every penny counts.

I had £27.16 credited but can't see a way of moving the entire balance out. It does say product will mature in 1 day in the app. Do I need to wait until tomorrow?

YBS 
No, you don't have to wait.  I closed mine this morning, expecting funds to arrive tomorrow.  

I had £27.11, Don't know why I got 5p less, I've opened the account on 10th and paid in £50 every 1st of the month.

Same here, a bit strange indeed as there shouldn't be any discrepancies. I consider myself lucky having gained 5p more, of which HMRC will get 2p