The Top Regular Savers Discussion Thread

topyam

Co-operative 

Have received an email to say my application for a current account has been successful.. 
How long does it take them to send account details, so i can open their RS? Is it via email or post? 

schiff

West Brom RS 7 maturity details received today. No decent replacement RS, just a RS account at 2.35%. Disappointing.

diomedeidae

topyam said:

Co-operative 

Have received an email to say my application for a current account has been successful.. 
How long does it take them to send account details, so i can open their RS? Is it via email or post? 

Should receive account details on the same day and can immediately apply for a regular saver, forgot if it was online or in the app though. Regular saver acct ready to be funded in two days.

PowerSavingMode

Manchester Regular Saver (Issue 1)

Has anyone had any issues opening this, please? 

I successfully (or so I thought) opened this in the wee hours of the 23rd Sep, and despite having an email saying something about needing further ID (but not saying what and how) "We advised you of this at the end of the application and will send you an email shortly which will remind you of what we need," — there was NO mention of said advice at the end of my application! — I have not heard a thing back from them. I have sent emails, and just get auto-response "we will get back to you..."

chris_the_bee

Loughborough
The 5 Year Retirement Monthly Saver was supposed to pay interest 12 month s after opening. However, due to a glitch in the system (their words, not mine) they paid interest on 31st March 2025 as well. The fault has been rectified for the future.
Just a note in case it affects peoples 2024-25 tax/return and/or 2025-26 tax projection. Still, benefit by nearly £4 as interest has been paid on the March 31st interest. There is no online access, so one needs to phone for a balance.

7sefton

Club Lloyds Regular 

I just opened a new account today and deposited the £400.

However I’ve just noticed that the summary box says:

“You can save £25 to £400 every month by 1 standing order or a bank transfer. This needs to reach your account before the 25th of the month“

I have two questions:

if the £400 hit my account today (26th) does this matter as the T&Cs say 25th

is it based on calendar month, ie make a further deposit on the 1st?

10_66

7sefton said:

Club Lloyds Regular 

I just opened a new account today and deposited the £400.

However I’ve just noticed that the summary box says:

“You can save £25 to £400 every month by 1 standing order or a bank transfer. This needs to reach your account before the 25th of the month“

I have two questions:

if the £400 hit my account today (26th) does this matter as the T&Cs say 25th

is it based on calendar month, ie make a further deposit on the 1st?

As long as your funds are showing as being deposited this month (ie, doesn't matter if on 26th), you can add to it on the 1st October.

wmb194

7sefton said:

Club Lloyds Regular 

I just opened a new account today and deposited the £400.

However I’ve just noticed that the summary box says:

“You can save £25 to £400 every month by 1 standing order or a bank transfer. This needs to reach your account before the 25th of the month“

I have two questions:

if the £400 hit my account today (26th) does this matter as the T&Cs say 25th

is it based on calendar month, ie make a further deposit on the 1st?

1. No, the 25th is really just to do with timing for SOs. 2. Yes, you can make another deposit on the 1st.

Bridlington1

s71hj said:

Bridlington1 said:

Just spoken to Beverley BS, the branch manager has confirmed that if they announce a cut to the interest rate of the Online RS and you decided to close the account early as a result you would still earn the bonus rate of interest provided you've paid in £10-£150 up to the day of closure.

I hope  that's in writing somewhere buried in the literature! 

It is in the terms. The Ts&Cs state:



General Ts&Cs state:



Thus my interpretation of the terms would be that losing the bonus would be a loss of interest, thus if they announce a cut to the interest rate of the account you could close the account and still get the bonus rate of interest under 9.15 of the general Ts&Cs.

The manager of their only branch has corroborated this interpretation.

topyam

diomedeidae said:

topyam said:

Co-operative 

Have received an email to say my application for a current account has been successful.. 
How long does it take them to send account details, so i can open their RS? Is it via email or post? 

Should receive account details on the same day and can immediately apply for a regular saver, forgot if it was online or in the app though. Regular saver acct ready to be funded in two days.

Received no account details yet and applied and got approved yest