The Top Regular Savers Discussion Thread

Malchester

chris_the_bee said:

Malchester said:

Andystriker 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.

Thats a game changer!

I have opened this account but haven't got my account number yet.  Was unsure whether to fund it because of the restrictions. But, if this is true I may fund it and treat it as a 12 month fixed term account and with the opportunity to withdraw on 2 January each year without losing interest, unless the rate reduces when I may withdraw then without penalty

Beverley
If you withdraw on 2nd January 2026, you will receive the bonus for 2025, but will immediately lose the right to a bonus on 31st December 2026 as you will have made a withdrawal in 2026. You will not be eligible for the bonus until 31st December 2027 provided you do not make any withdrawal in 2027. All above assumes you continue to make at least the minimum monthly payment of £10 for the duration. There is the get out of jail clause IF interest rates drop which may help.
Have I understood the account T's&C's correctly?

Thanks for that. It passed me by that  but thinking about it, you are clearly right. But I was thinking about it being like a fixed term account and withdrawing everything once an annual interest had been paid maybe in 18 months time. However, the more |I think about the terms and conditions the more I think it is too complicated and open to conjecture and possibly disagreement. Think I will give this a miss,

premierfella

Malchester said:Thanks for that. It passed me by that  but thinking about it, you are clearly right. But I was thinking about it being like a fixed term account and withdrawing everything once an annual interest had been paid maybe in 18 months time. However, the more |I think about the terms and conditions the more I think it is too complicated and open to conjecture and possibly disagreement. Think I will give this a miss,

IMO you have the right thoughts on it in terms of treating it as a 15 month fixed term, variable rate account. It's pretty much how I'm viewing it, but with the potential upside that it could still be competitive past January 2027. Also with the knowledge that someone will have tested out the unwritten-in-the-terms possibility that closure immediately after a rate cut (likely in the next month or two) might still receive the bonus up to closure date (although I'm definitely not relying on that, as the written terms don't say that or even imply it, so again that would just be an upside bonus if it turns out to be the case).

I would agree it isn't an account that suits everyone though, and as it has gone NLA the procrastinators no longer have to worry about it!

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.