The Top Regular Savers Discussion Thread

friolento

Bigwheels1111 said:

Bobblehat said:

Bigwheels1111 said:

Hattie627 said:

Nationwide BS Flex Regular Saver

My Issue 3 Flex RS has its maturity date today. Interest has been added (£93.46). I have moved the balance plus interest out.  The account is still showing as a Flexible RS which is preventing me opening a new one (now Issue 7). I can't remember what happened last year. Has anyone any recent experience of a Flex RS maturity and can recall when the account changes to an Instant Saver? 

Did you make an extra £200 payment this month, ie total £2600.

I did and only got £93.42.

If it's of interest(!), opened the RS 22/09/2024, funded it 22/09 & 01/10 and then by SO on 01/11 until 01/09/2025, so closing balance was £2693.67.

Yes interest, I'm thinking of waiting until the 29th to open a new one so I can fund on the first as well to max

Interest this year. Then open on the 30th next year to do the same. As you need to wait a day to open.

It might not be available any longer on the 29th.

OTOH, there might be a better offer during Savings Week, only available if you haven’t yet got the 6.5% one.

Choices, choises🤔

Bobblehat

friolento said:

Bigwheels1111 said:

Bobblehat said:

Bigwheels1111 said:

Hattie627 said:

Nationwide BS Flex Regular Saver

My Issue 3 Flex RS has its maturity date today. Interest has been added (£93.46). I have moved the balance plus interest out.  The account is still showing as a Flexible RS which is preventing me opening a new one (now Issue 7). I can't remember what happened last year. Has anyone any recent experience of a Flex RS maturity and can recall when the account changes to an Instant Saver? 

Did you make an extra £200 payment this month, ie total £2600.

I did and only got £93.42.

If it's of interest(!), opened the RS 22/09/2024, funded it 22/09 & 01/10 and then by SO on 01/11 until 01/09/2025, so closing balance was £2693.67.

Yes interest, I'm thinking of waiting until the 29th to open a new one so I can fund on the first as well to max

Interest this year. Then open on the 30th next year to do the same. As you need to wait a day to open.

It might not be available any longer on the 29th.

OTOH, there might be a better offer during Savings Week, only available if you haven’t yet got the 6.5% one.

Choices, choises🤔

I'll risk it! The NW agent I spoke to insisted on looking up the rate of the current offering when I mentioned about opening a new one later in the month (I already knew the rate). His wording was slightly worrying ... "It's still 6.5%, at the moment!". I should have asked if there was an expected drop imminent, but knew I would get a non-committal answer. 

It's a variable account anyway, so if it did drop between now and the 29th, I'd have probably only lost pennies. I have the choice to go elsewhere if the drop is drastic or NLA ... unlikely.

cosh25

Not sure if its been noted, but the ‘new’ Manchester Building Society has relaunched. 

They are offering a regular saver 5.50% for 24 months. Can save up to £500 a month with easy access allowed. Can be opened in their new branch or online 

https://manchester.co.uk/savings/product/manchester-regular-saver-issue-1

shirley999

cosh25 said:

Not sure if its been noted, but the ‘new’ Manchester Building Society has relaunched. 

They are offering a regular saver 5.50% for 24 months. Can save up to £500 a month with easy access allowed. Can be opened in their new branch or online 

https://manchester.co.uk/savings/product/manchester-regular-saver-issue-1

The Newcastle Building Society then!  (T/a Manchester Building Society)

flaneurs_lobster

cosh25 said:

Not sure if its been noted, but the ‘new’ Manchester Building Society has relaunched. 

Ah, Newcastle Building Society's NW Branch.

Kim_13

mattojgb said:

Melton BS - will they accept a secure message to close an account (Regular Saver 6) and transfer funds to the nominated account?

From previous posts here, they might require that to be done over the phone as they have sometimes replied asking the customer to call them (perhaps because the value of the withdrawal was over a certain amount.) As the account has another year to run and can’t be reopened (withdrawn in February if I recall), I’d leave it open with a minimal balance (£10 I think it was.) The next interest payment is on 31st March so it will fall into this tax year whether the account is closed early or not.

MarkFromCornwall

shirley999 said:

The Newcastle Building Society then!  (T/a Manchester Building Society)

Yes.  When I clicked on their link about how to fund the new (Manchester) account it sent me to a page on the Newcastly Building Society website.

Bob2000

Just tried to log in using my NBS credentials  and didn't recognise them.
So, is this a standalone institution even if you have Newcastle products?

DealSeeker11

I can’t seem to see anything in Manchester BS RS terms that says you can’t apply if you already have one with Newcastle BS… £500/month and withdrawals are allowed, I’m definitely interested.

janusd

cosh25 said:

Not sure if its been noted, but the ‘new’ Manchester Building Society has relaunched. 

They are offering a regular saver 5.50% for 24 months. Can save up to £500 a month with easy access allowed. Can be opened in their new branch or online 

https://manchester.co.uk/savings/product/manchester-regular-saver-issue-1

also, after the initial £1 min funding, you don't need to make a monthly deposit.

there does seem to be an error in the welcome pack pdf attachment where it gives their account number as "0000001" - so just 7 characters - my bank throw a wobbly at that, so added a leading 0, but then it fails CoP... i've sent them a message and will try again with the leading zero tomorrow when CoP should be valid.