The Top Regular Savers Discussion Thread

Speculator

Applied for the Monmouth Branch 7% on 31st Aug by 2nd class post without cheque. Been checking my app daily and its just appeared on my app today.

trickydicky14

RosieRooBear said:

Snapdragon said:

Bob2000 said:

YBS £50 regular saver. 

I saw that people were talking about how much interest their matured account generated a few pages back. Mine was £27.08

I know it isn’t a very exciting post, but I'm still new to all this.

YBS £50 regular saver. Mine matured today but I can't take the money out!

I tried the app, and I can see the acct is now a different acct with the interest of £26.53 but the app doesn't allow you to close it, it says go online, however the online login isn't working, I've tried multiple times over the past 3 hours but can't get past first login screen. Tried different browsers, tried going to website manually rather than my bookmark and also tried going via the link in the help, all result in an 'error processing' message. Even tried their report an issue button which gave the same error. 

Anyone else having issues with YBS online today, or has anyone successfully got their maturity funds today, so I know whether its just me   

@Snapdragon, both myself and my husband have closed ours this morning online using Safari on an IPad.

For those who do not have other accounts with YBS I would keep this account open with just a small amount in it. It's paying 4.05%, not the best rate but worth keeping as a foot in the door and still a reasonable rate.

Speculator

RosieRooBear said:

Snapdragon said:

Bob2000 said:

YBS £50 regular saver. 

I saw that people were talking about how much interest their matured account generated a few pages back. Mine was £27.08

I know it isn’t a very exciting post, but I'm still new to all this.

YBS £50 regular saver. Mine matured today but I can't take the money out!

I tried the app, and I can see the acct is now a different acct with the interest of £26.53 but the app doesn't allow you to close it, it says go online, however the online login isn't working, I've tried multiple times over the past 3 hours but can't get past first login screen. Tried different browsers, tried going to website manually rather than my bookmark and also tried going via the link in the help, all result in an 'error processing' message. Even tried their report an issue button which gave the same error. 

Anyone else having issues with YBS online today, or has anyone successfully got their maturity funds today, so I know whether its just me   

@Snapdragon, both myself and my husband have closed ours this morning online using Safari on an IPad.

For those who do not have other accounts with YBS I would keep this account open with just a small amount in it. It's paying 4.05%, not the best rate but worth keeping as a foot in the door and still a reasonable rate.

dropping to 3.95% I think but still a better than average rate.

pecunianonolet

YBS

I closed my reg saver yesterday online and the funds, including the full amount of interest, were in my account this morning. No penalty for withdrawing a day early as some have had concerns about it a few pages ago.

PowerSavingMode

ChewyyBacca said:

I would rather eat straw than call HSBC, they are the absolute worst.

Having had to endure more than two fairly tortuous hours' spread over several phone calls, and getting absolutely nowhere, I tend to agree.

Kim_13

pecunianonolet said:

YBS

I closed my reg saver yesterday online and the funds, including the full amount of interest, were in my account this morning. No penalty for withdrawing a day early as some have had concerns about it a few pages ago.

Very strange as I saw a message warning about a day's deduction when I logged in to get my funds sent tomorrow. 

CuparLad

pecunianonolet said:

YBS

I closed my reg saver yesterday online and the funds, including the full amount of interest, were in my account this morning. No penalty for withdrawing a day early as some have had concerns about it a few pages ago.

It's important to remember that interest is calculated at a fixed point in time based on a balance at that point of time. It isn't constantly recalculated (for example if you credited and debited money to an account on the same banking day). YBS calculated interest based on an overnight balance on 9th September and credited the account. What happens after that is a matter for the next calculation point. So, in that respect, the account wasn't closed "early" on the 9th because the 9th was the last day of the account's life and the interest for the 9th had already been calculated and paid.

It's perhaps more a feature of the way that YBS operate their accounts that you see the interest on the last day before conversion rather than after conversion.

OrangeBlueGreen

Bridlington1 said:

OrangeBlueGreen said:

Is the collective thinking that as YBS have a 5.05% RS that they won't be launching anything else for savings week? I was hoping for 7% or maybe 8% (considering it's on a low monthly deposit amount)..

When I spoke to them they said they were going to be launching a £50 RS, with it being promoted between the 22nd and 25th with similar terms to last year but as of yet they don't know what the interest rate shall be or the exact date of launch.

Oooh, thanks for this! (and all the work you do on here)

s71hj

OrangeBlueGreen said:

Bridlington1 said:

OrangeBlueGreen said:

Is the collective thinking that as YBS have a 5.05% RS that they won't be launching anything else for savings week? I was hoping for 7% or maybe 8% (considering it's on a low monthly deposit amount)..

When I spoke to them they said they were going to be launching a £50 RS, with it being promoted between the 22nd and 25th with similar terms to last year but as of yet they don't know what the interest rate shall be or the exact date of launch.

Oooh, thanks for this! (and all the work you do on here)

When you compare a £50 per month one to a £250, not to mention the extraordinary MBS £1000 per month the admin time per extra penny of interest compared with leaving in an easy access account is quite striking! 

Bridlington1

Hattie627 said:

Suffolk BS One Year Variable Rate RS (31.3.26) (NLA)

Rate dropping to 4.60% (from 4.75%) on 1st October.

Source: email

In addition they've announced the following cuts to their savings rates:

Account	Old rate	New rate	Date
Suffolk BS 1 Year Variable Rate Regular Saver (31.03.2026) (includes online)	4.75%	4.60%	01/10/2025
Suffolk BS 1 Year Variable Rate Regular Saver (31.12.2025) (includes online)	4.75%	4.60%	01/10/2025
Suffolk BS 2 Year Variable Rate Regular Saver (31.12.2025)	4.55%	4.40%	01/10/2025
Suffolk BS 2 Year Variable Rate Regular Saver (31.12.2026)	4.55%	4.40%	01/10/2025
Suffolk BS Variable Rate Regular Saver (31.05.2026)	4.55%	4.40%	01/10/2025