The Top Regular Savers Discussion Thread

Dizzycap

With regards to YBS, this is for anyone who may be in the same(ish) position.

I opened a Christmas RS on 17/01/24 which as you know matured on 1st November 2024 (10 months). This was the only account I had with YBS at the time.

I opened a easy saver in August and put £1 in - kicking myself because I hadn't opened it at the same time as the Christmas RS to get Loyalty Member status for the YBS Loyalty RS.

I just happened to pop into the YBS App 17/01/25, clicked on Regular Savers and lo and behold, the Loyalty Regular Saver @ 5.45% variable was available to me. Application made, opened  & funded by open bank link all within 5 minutes. Therefore, YBS are working on funding history over a year not having a single account opened for a year.

Whilst I personally don't like RS under 5.5%, and certainly those which are not fixed rates, I decided to open it and fund for now as imho, it's better than the insult of the 5% variable Christmas RS that's on offer.

I may indeed kick myself for that statement at a later date! 

As a side note for anyone who maybe waiting on Skipton for a Member Regular Saver and made plans to be ready for the next issue by opening an easy saver with £1 before 11/01/25, Skipton are having a long maintenance weekend beginning Saturday 18th @ 10pm until Monday 20th. There maybe a possibility that they are about to launch a new issue of the Member RS (Issue 4). We shall have to wait and see

simonsmithsays

happybagger said:

simonsmithsays said:

happybagger said:

simonsmithsays said:

CricketLady said:

The Yorkshire Building Society 5% Christmas account is now live, I know this isn't everyone's cup of tea but for those that would like it, it is £150 per month until 31st October xx

Wind forward a month and it the base rate is cut and this (variable) product stays the same rate then it might receive a very different reaction on here.

I've opened it in any case

Maybe. Maybe not. It is variable too, of course.
Not much going for base rate cuts at the moment

Seems to be odds on?

It's off topic so I'll only make one post on this thread, inflation consistently above target, government policies which are inflationary, an administration that seems clueless at best (indeed asking around for ideas), and our currency on a relentless downward slide, put it in the 'odds against' category. The odds-on camp, outside media and political self interest, seem to be a bit thin on the ground.

But what do I know, I'm only a lay person.

Am not sure it's particularly off topic when people are musing over whether to commit to a RS at a particular rate when a BoE decision is looming.

Especially now this new RS thread has a no chat equivalent.

What I can say is I'm even more confident they'll be a cut next month now.

badger09

Dizzycap said:

With regards to YBS, this is for anyone who may be in the same(ish) position.

I opened a Christmas RS on 17/01/24 which as you know matured on 1st November 2024 (10 months). This was the only account I had with YBS at the time.

I opened a easy saver in August and put £1 in - kicking myself because I hadn't opened it at the same time as the Christmas RS to get Loyalty Member status for the YBS Loyalty RS.

I just happened to pop into the YBS App 17/01/25, clicked on Regular Savers and lo and behold, the Loyalty Regular Saver @ 5.45% variable was available to me. Application made, opened  & funded by open bank link all within 5 minutes. Therefore, YBS are working on funding history over a year not having a single account opened for a year.

Whilst I personally don't like RS under 5.5%, and certainly those which are not fixed rates, I decided to open it and fund for now as imho, it's better than the insult of the 5% variable Christmas RS that's on offer.

I may indeed kick myself for that statement at a later date! 

As a side note for anyone who maybe waiting on Skipton for a Member Regular Saver and made plans to be ready for the next issue by opening an easy saver with £1 before 11/01/25, Skipton are having a long maintenance weekend beginning Saturday 18th @ 10pm until Monday 20th. There maybe a possibility that they are about to launch a new issue of the Member RS (Issue 4). We shall have to wait and see

They’re not looking at ‘funding history over a year’. I’m pretty sure most Building Socs operate in the same way. For most loyalty or member products they look for a period of continuous membership. 

So as long as you maintain an account, any account, with minimum balance (often anything above £0), your period will start on the date you opened your 1st account. That’s why it often pays to leave a tiny balance in the 1st account you open. You achieved this continuous membership by opening an Easy Saver in August.

soulsaver

Think we listed this back in December... but getting emails now?

Coventry BS By email:

Dear Mr Soulsaver Loyal customers like you deserve to be treated like royalty! That's why we're rolling out the red carpet again with access to a brand new regular saver account - designed just for our loyal customers for a limited time - with great features you won't want to miss. Loyalty Seasonal Saver 6.00% AER/Gross p.a.* (variable) View account

Our Loyalty Seasonal Saver gives you these exclusive benefits** Enjoy a great rate on your savings while saving up to £250 per month for a 12-month term to build your savings pot You’ll have access to your money - subject to 30 calendar days' interest charge on the amount withdrawn Then from 1 November 2025, access your money for free with no charges for withdrawals or closure just in time for the festive season.

soulsaver

I was declined, already have the account. I was hoping by the email wording I was gonna get another bite...

Kim_13

badger09 said:

Dizzycap said:

With regards to YBS, this is for anyone who may be in the same(ish) position.

I opened a Christmas RS on 17/01/24 which as you know matured on 1st November 2024 (10 months). This was the only account I had with YBS at the time.

I opened a easy saver in August and put £1 in - kicking myself because I hadn't opened it at the same time as the Christmas RS to get Loyalty Member status for the YBS Loyalty RS.

I just happened to pop into the YBS App 17/01/25, clicked on Regular Savers and lo and behold, the Loyalty Regular Saver @ 5.45% variable was available to me. Application made, opened  & funded by open bank link all within 5 minutes. Therefore, YBS are working on funding history over a year not having a single account opened for a year.

Whilst I personally don't like RS under 5.5%, and certainly those which are not fixed rates, I decided to open it and fund for now as imho, it's better than the insult of the 5% variable Christmas RS that's on offer.

I may indeed kick myself for that statement at a later date! 

As a side note for anyone who maybe waiting on Skipton for a Member Regular Saver and made plans to be ready for the next issue by opening an easy saver with £1 before 11/01/25, Skipton are having a long maintenance weekend beginning Saturday 18th @ 10pm until Monday 20th. There maybe a possibility that they are about to launch a new issue of the Member RS (Issue 4). We shall have to wait and see

They’re not looking at ‘funding history over a year’. I’m pretty sure most Building Socs operate in the same way. For most loyalty or member products they look for a period of continuous membership. 

So as long as you maintain an account, any account, with minimum balance (often anything above £0), your period will start on the date you opened your 1st account. That’s why it often pays to leave a tiny balance in the 1st account you open. You achieved this continuous membership by opening an Easy Saver in August.

There would have been nothing to prevent letting the Christmas 2024 roll into the default option and withdrawing all but £1, effectively making that the membership account and retaining the earlier date. Too late in your case by the sounds of it, but it may be useful to someone.

I had a load of EAs for this reason until I manually closed all but the oldest. At the rate they’ve just launched, it’s quite possible it’ll be at least August before they launch a Loyalty account worth opening.

chris_the_bee

soulsaver said:

FTAOD:
The Melton RS5 is still available Passbook ac - so postal/branch application, but online visibility. 
Operate by secure message, call, letter.

5.0% up to £6k then 2.5% £500 pm max; 2 year duration - so if you maxed 1st year, don't make any more deposits & get all 1st year accumulated funds at prevailing top rate. 

Can have as well as other issues, inc. Iss 6.

Melton RS5
@soulsaver
You can also transfer funds from your account to a nominated bank or building society account

deepsea_diver

Hi all,
Opened the Principality 6 month regular save issue 2 a couple of days ago, I see the max is £200 per month, is this calendar month?
I.E I can deposit 18th Feb then 1st March for example? Apologies but I’m new to this and couldn’t see it in the small print.

chris_the_bee

deepsea_diver said:

Hi all,
Opened the Principality 6 month regular save issue 2 a couple of days ago, I see the max is £200 per month, is this calendar month?
I.E I can deposit 18th Feb then 1st March for example? Apologies but I’m new to this and couldn’t see it in the small print.

Principality
I think you should add money to your account (usually within 5 days of the account being opened).
It is a calendar month, so OK to pay max in during January and then again commencing 1st February.

• You must keep at least £1 (the minimum balance) in the account. 
• The most you can pay in each calendar month is £200, in one or more payments. 
• You do not have to make payments into the account every month. 

ForumUser7

deepsea_diver said:

Hi all,
Opened the Principality 6 month regular save issue 2 a couple of days ago, I see the max is £200 per month, is this calendar month?
I.E I can deposit 18th Feb then 1st March for example? Apologies but I’m new to this and couldn’t see it in the small print.

Yes and yes