The Top Regular Savers Discussion Thread

E_zroda

Bobblehat said:

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?

If you open it on the 28th, you will be able to renew it before the end of September for two years in a row, as opposed to only once in 2026

Enzo_L

flaneurs_lobster said:

cosh25 said:

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

Ah, Newcastle Building Society's NW Branch.

No.

The Newcastle Building Society's branches in north west England are in Carlisle and Penrith.

PowerSavingMode

MarkFromCornwall said:

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.

Re: Manchester Building Society — regular saver 5.50% for 24 months

Do you have the direct link, BAC? The other link under the original post (https://manchester.co.uk/savings/product/manchester-regular-saver-issue-1) shows nothing but a word (Savings) and then a big black arrow! 

ForumUser7

PowerSavingMode said:

MarkFromCornwall said:

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.

Re: Manchester Building Society — regular saver 5.50% for 24 months

Do you have the direct link, BAC? The other link under the original post (https://manchester.co.uk/savings/product/manchester-regular-saver-issue-1) shows nothing but a word (Savings) and then a big black arrow! 

Works fine for me, but try https://manchester.co.uk/savings/all-savings-accounts then click regular saver

happybagger

Manchester RS:(Trading name of Newcastle BS)

For anyone interested, this RS has exactly the same terms as the RS they put out for the Monument branch (except for that you have to visit the branch). Yes, you can have both.

Bobblehat

E_zroda said:

Bobblehat said:

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?

If you open it on the 28th, you will be able to renew it before the end of September for two years in a row, as opposed to only once in 2026

It'll cost me another £0.40p though! 

Dizzycap

checkly said:

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

Nope and under the present circumstances of a BoE 4% interest rate, 5.5%, although variable, is better than nothing. Worth opening with a £1 & see what else might become available during the week.

allegro120

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

I applied about an hour ago.  Received 2 e-mails almost immediately, "thank you" and "a message has been sent to you", but no ID number for login.  How long did it take to receive the ID?

PowerSavingMode

ForumUser7 said:

PowerSavingMode said:

MarkFromCornwall said:

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.

Re: Manchester Building Society — regular saver 5.50% for 24 months

Do you have the direct link, BAC? The other link under the original post (https://manchester.co.uk/savings/product/manchester-regular-saver-issue-1) shows nothing but a word (Savings) and then a big black arrow! 

Works fine for me, but try https://manchester.co.uk/savings/all-savings-accounts then click regular saver

Thanks, but same blank screen, apart from the word 'savings' and huge black arrow.

rallycurve

Bobblehat said:

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?

I’d be curious to know the maths behind this. How can you earn £2.56 in 7 days on £200 in an account paying 6.5%?