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The Top Regular Savers Discussion Thread

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Comments

  • jameseonline
    jameseonline Posts: 1,176 Forumite
    1,000 Posts First Anniversary Name Dropper
    poshrule_uk said:
    I guess once I empty my YBS it's probably worth 🪟 another account with YBS and keeping a £1 in or does just being a customer on there database be enormous for any future prone loyal products?
    Yea keep at least 1 account with £1 in an account to remain "Loyal", something may come up in future that's worth applying for but their/Mitek? security may reject you despite being loyal & with them for several years etc.

    I keep at least £1 (or whatever the minimum is with easy access etc, Saffron is £10, Cambridgeshire is £100) with several banks, building societies etc just in case something worthwhile comes up, hense why I'm eligible for the recent Skipton, Monmouthshire etc straight away.

    Loyalty accounts usually mean you having an account for at least a year so quicker you fund an account the quicker you'll be eligible for anything that comes up.
  • Kim_13
    Kim_13 Posts: 3,549 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    poshrule_uk said:
    I guess once I empty my YBS it's probably worth 🪟 another account with YBS and keeping a £1 in or does just being a customer on there database be enormous for any future prone loyal products?
    Just withdraw all but £1 of the £50 eSaver balance when it matures. The account will have been open for a year (as per their recent emails) so you’d automatically qualify for any Loyalty offering rather than having to run another 1 year clock down.
  • Bridlington1
    Bridlington1 Posts: 3,946 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    edited 9 September at 7:15PM
    jameseonline said:
    poshrule_uk said:
    I guess once I empty my YBS it's probably worth 🪟 another account with YBS and keeping a £1 in or does just being a customer on there database be enormous for any future prone loyal products?
    I keep at least £1 (or whatever the minimum is with easy access etc, Saffron is £10, Cambridgeshire is £100) with several banks, building societies etc just in case something worthwhile comes up, hence why I'm eligible for the recent Skipton, Monmouthshire etc straight away.
    Saffron BS's Small Saver can be opened with £1 and allows 1 withdrawal/mth, I've been using this for membership since 2022 (can ask them to restart the account term whenever you like so I've kept the same account number throughout), alternatively they have an EA account that can be opened with £1 to maintain membership.

    Cambridge BS also have a First Saver (under 21s only) with a min balance of £1, which matures into a maturity account with a £1 minimum balance (this is how I got membership).
  • jameseonline
    jameseonline Posts: 1,176 Forumite
    1,000 Posts First Anniversary Name Dropper
    edited 9 September at 9:26PM
    Bridlington1 said:
    jameseonline said:
    poshrule_uk said:
    I guess once I empty my YBS it's probably worth 🪟 another account with YBS and keeping a £1 in or does just being a customer on there database be enormous for any future prone loyal products?
    I keep at least £1 (or whatever the minimum is with easy access etc, Saffron is £10, Cambridgeshire is £100) with several banks, building societies etc just in case something worthwhile comes up, hence why I'm eligible for the recent Skipton, Monmouthshire etc straight away.
    Saffron BS's Small Saver can be opened with £1 and allows 1 withdrawal/mth, I've been using this for membership since 2022 (can ask them to restart the account term whenever you like so I've kept the same account number throughout), alternatively they have an EA account that can be opened with £1 to maintain membership.

    Cambridge BS also have a First Saver (under 21s only) with a min balance of £1, which matures into a maturity account with a £1 minimum balance (this is how I got membership).
    Sadly I'm 40, don't have branch access etc, I'm happy with my £10 Saffron Easy Access account or whatever they call it, it's there for if I close a regular, or a regular matures, I just instruct them to transfer all funds to that account and the result is I don't get any extra poopy accounts being created, it's all nice and easy for me with them generally speaking.

    I haven't bothered with small saver for ages, kept having to get them to change it because they kept releasing new versions 🤣.

    Only tend to be with Saffron for members month regular these days & to scrape off the 3p or whatever from the easy access every month.

    In terms of Cambridge I'd rather have less money stored with them, partly because they don't seem to do app &/or online applications & the best they seem to do these days is 6% for a regular saver.

    Think Cambridge used to do 3 regular saver products so a standard one as well as the 2 they have now, so a 5% & 6%
  • Kim_13
    Kim_13 Posts: 3,549 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    jameseonline said:
    Bridlington1 said:
    jameseonline said:
    poshrule_uk said:
    I guess once I empty my YBS it's probably worth 🪟 another account with YBS and keeping a £1 in or does just being a customer on there database be enormous for any future prone loyal products?
    I keep at least £1 (or whatever the minimum is with easy access etc, Saffron is £10, Cambridgeshire is £100) with several banks, building societies etc just in case something worthwhile comes up, hence why I'm eligible for the recent Skipton, Monmouthshire etc straight away.
    Saffron BS's Small Saver can be opened with £1 and allows 1 withdrawal/mth, I've been using this for membership since 2022 (can ask them to restart the account term whenever you like so I've kept the same account number throughout), alternatively they have an EA account that can be opened with £1 to maintain membership.

    Cambridge BS also have a First Saver (under 21s only) with a min balance of £1, which matures into a maturity account with a £1 minimum balance (this is how I got membership).
    Sadly I'm 40, don't have branch access etc, I'm happy with my £10 Saffron Easy Access account or whatever they call it, it's there for if I close a regular, or a regular matures, I just instruct them to transfer all funds to that account and the result is I don't get any extra poopy accounts being created, it's all nice and easy for me with them generally speaking.

    I haven't bothered with small saver for ages, kept having to get them to change it because they kept releasing new versions 🤣.

    Only tend to be with Saffron for members month regular these days & to scrape off the 3p or whatever from the easy access every month.

    In terms of Cambridge I'd rather have less money stored with them, partly because they don't seem to do app &/or online applications & the best they seem to do these days is 6% for a regular saver.

    Think Cambridge used to do 3 regular saver products so a standard one as well as the 2 they have now, so a 5% & 6%
    I can only remember the standard one being offered for something like a year, but they’ve had two loyalty tiers for as long as I can remember, 1 year and 3 years. I never had the standard one as it wasn’t worth it to me but I did have the Reward RS in 2021-2022 (then 3%) as I was at that time ineligible for the Extra Reward (then 5%.) I’m now on my second Extra Reward and was able to renew via maturity option rather than posting off for a new one.

    I’m happy enough with the Your Saver for £100 (no choice at my age.) It’s better than what I had originally as the Your Saver wasn’t on sale then. The only annoyance is that having the interest paid away wipes out the allowed withdrawal for that month. Still, it shouldn’t be an issue now that Halifax have pulled the free fivers.
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