The Top Regular Savers Discussion Thread

ForumUser7

Manchester BS FSCS Warning

Beware that the FSCS limit is shared between Manchester and Newcastle BS

clivep

gt94sss2 said:

clivep said:

DealSeeker11 said:

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.

Manchester BS RS...

I just opened one (I already have one with Newcastle). Easy enough but a bit of a pain that deposits can only come from the linked a/c (unlike Newcastle's).

Secure message says to send funds to:

Account Number: 0000001
Sort code: 23-02-95

Reference: *******

Very strange to have  a 7 digit a/c no and a 7 digit reference number!

It's a mistake. The account number should be: 00000001 as confirmed under the "How do I fund my account?" on https://manchester.co.uk/help-and-support/savings/savings-faq

Similarly, the email confirmation of a deposit incorrectly states "You can make unlimited deposits up to £250, each calendar month".

Manchester BS RS...

Thanks for that, I was just about to investigate further.

I note the FAQ also says "Your account number is a 13-digit account number which can be found in your welcome letter or by logging into your account online. Please ensure that your account number is entered exactly as shown including any uppercase letters".

The full a/c. no. in the welcome letter is of the format XXX 9999999 XXX which is alphanumeric and 15 characters if you include the spaces as they have! Without the spaces it's still not numeric. Furthermore, the illustration shows entering only the 7 digits for the reference no.

janusd

gt94sss2 said:

clivep said:

DealSeeker11 said:

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.

Manchester BS RS...

I just opened one (I already have one with Newcastle). Easy enough but a bit of a pain that deposits can only come from the linked a/c (unlike Newcastle's).

Secure message says to send funds to:

Account Number: 0000001
Sort code: 23-02-95

Reference: *******

Very strange to have  a 7 digit a/c no and a 7 digit reference number!

It's a mistake. The account number should be: 00000001 as confirmed under the "How do I fund my account?" on https://manchester.co.uk/help-and-support/savings/savings-faq

can confirm that with the additional 0 in the account number, and the 7 digit reference number, the account is now passing CoP.

Aidanmc

Re Manchester BS,
I just applied for the RS as a new customer.
Received user id, but when i try to log in i get 'Site Error' message

janusd

Aidanmc said:

Re Manchester BS,
I just applied for the RS as a new customer.
Received user id, but when i try to log in i get 'Site Error' message

when I first got the user id, I was unable to login - I had to reset the password and now I can login without issue.

jameseonline

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 new Manchester BS has been mentioned on the Companies without savings apps thread, but I don't think anyone haa mentioned a regular saver yet, interesting rate & deposit limits, 24 months though.

There's clearly better accounts around though.

jameseonline

On another note has anyone recently had issues logging onto Principality?, I swear the website has had recent problems accepting my ID &/or password etc, so much so it locked me out a few days ago, thankfully I called them earlier and they unlocked it, my password & ID worked fine today.

I'm careful entering my ID & password & I closed the 2 year Healthy Habits the other month & can usually login fine, hmm

Stargunner

Bobblehat said:

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.

Why don't you open the new RS now, so that you can be earning interest on your first deposit of £200.

You previously said that you were leaving £400 in the current account to cover the first 2 payments. How much interest are you earning on the £400?

checkly

Underwhelmed by the first day of UK Savings Week I must say!  Has anything north of 6% been announced today?

Bobblehat

Stargunner said:

Bobblehat said:

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.

Why don't you open the new RS now, so that you can be earning interest on your first deposit of £200.

You previously said that you were leaving £400 in the current account to cover the first 2 payments. How much interest are you earning on the £400?

A good point .... but .....

I could shift it out to Chase Saver and back 7 days later @ 4.65% gaining £0.28p over leaving it where it is (1%)....

or, I could open the NW RS tomorrow and lose £2.56 over opening it on 29/09, (£94.10 maturing 22/09/2026 vs £96.66 maturing 28/09/2026).

So leaving the £400 where it is and not having to shift it around, and opening on 29th I'll have gained £2.56 over opening on 23rd but lost £0.28p for being a tad lazy! Do I loose an MSE point for being a tad lazy?