The Top Regular Savers Discussion Thread

Bridlington1

Section62 said:

Bridlington1 said:

...
EDIT: Apologies for not responding to your post yesterday @Hattie627, I first spotted it on my dinner break yesterday so didn't have my laptop on me. Must've forgotten to revisit it when I got home.

You could probably do with a PA. I wonder if MSE would be willing to fund one?

I don't think MSE would be mean enough to put someone through being my PA.

Besides the summer's nearing its end so I'll need something to do for when I'm trying to ignore winter.

jameseonline

OMG YBS so kind to offer a 6% £50 Regular Saver, although could just open a 6% Monmouthshire with higher deposit limits.

Not surprised Monmouthshire have pulled the 7% to be honest, you've had plenty of time to get one, maybe it will come back while they go through postal applications or something app out or something?.

Might try applying for the YBS but don't expect to get it due to their flawed checking processes.

Also while on subject of YBS they sent me a text message saying their branches are open on Saturday 27th September to help me during sUK Savings Week, that's nice but can't get to a branch🤣

happybagger

Bridlington1 said:

The following banks/building societies did not declare what they shall be doing to their accounts following the base rate cut:
...

Swansea BS haven't declared yet either, for anyone that has it. Though it is a long time since this was anywhere near competitive

subjecttocontract

jameseonline said:

Also while on subject of YBS they sent me a text message saying their branches are open on Saturday 27th September to help me during sUK Savings Week, that's nice but can't get to a branch🤣

YBS would have to do a lot better than their latest offer if they expect me to put my money with them during savings week.

allegro120

surreysaver said:

WillPS said:

Probably won't bother with an application even for YBS - 6% accounts are already being lined up to be culled in the next couple of months to keep MonBS topped up at 7%. Even if it became competitive through other reductions midterm the potential gain would be tiny.

It'll make sense for someone, but not for me.

And YBS are reducing the rates on variable rate accounts in a couple of weeks - I wonder if that includes this one?

No, 2nd October reduction was published a while ago, so presumably it will stay 6% until the next round.

WillPS

E_zroda said:

WillPS said:

Probably won't bother with an application even for YBS - 6% accounts are already being lined up to be culled in the next couple of months to keep MonBS topped up at 7%. Even if it became competitive through other reductions midterm the potential gain would be tiny.

It'll make sense for someone, but not for me.

What would be the plan for the 000s in MonBS when their rate starts dropping down after the initial inflow from MSEs money?

1. I'm expecting the rate on this account to still be above 6% based on current base rate predictions
2. If it falls below that then the money will likely get redistributed elsewhere
3. If the YBS £50 is still available and makes sense (bearing in mind it's also variable!), I'll take one then. If not, and I end up saving those £50s at a rate lower than 6%, I will be able to live with that.

Dizzycap

subjecttocontract said:

jameseonline said:

Also while on subject of YBS they sent me a text message saying their branches are open on Saturday 27th September to help me during sUK Savings Week, that's nice but can't get to a branch🤣

YBS would have to do a lot better than their latest offer if they expect me to put my money with them during savings week.

It depends what gets offered during savings week - The YBS is a great little RS if you want to compound monthly interest using RS ,which I'm doing. It also allows 3 withdrawls, so if the rate drops or a better offer comes along - gone! 

You never know, Monmouthshire may have pulled the RS Issues 1's & exclusives ready to release Issue 2 during savings weeks - They'll be MSE mayhem, if they do! 

Stargunner

Dizzycap said:

subjecttocontract said:

jameseonline said:

Also while on subject of YBS they sent me a text message saying their branches are open on Saturday 27th September to help me during sUK Savings Week, that's nice but can't get to a branch🤣

YBS would have to do a lot better than their latest offer if they expect me to put my money with them during savings week.

It depends what gets offered during savings week - The YBS is a great little RS if you want to compound monthly interest using RS ,which I'm doing. It also allows 3 withdrawls, so if the rate drops or a better offer comes along - gone! 

You never know, Monmouthshire may have pulled the RS Issues 1's & exclusives ready to release Issue 2 during savings weeks - They'll be MSE mayhem, if they do! 

There won't be much compounding going on when you can only pay in a maximum of £50 per month.

drphila

Principality Issue 3 Maturity Today

Selected Option2 and opened new Issue 4 Monday lunchtime.

Computer says yes

Customer Services says.....er nothing

So now proud owner of 2nd Issue 4

And no, I wasn't wearing anything green

Hattie627

drphila said:

Principality Issue 3 Maturity Today

Selected Option2 and opened new Issue 4 Monday lunchtime.

Computer says yes

Customer Services says.....er nothing

So now proud owner of 2nd Issue 4

And no, I wasn't wearing anything green

Great. Does your surname have an R in it?