The Top Regular Savers Discussion Thread

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

jameseonline

friolento said:

PowerSavingMode said:

Beverley BS Regular Saver Issue 1

Showing today as:

"

This product is now fully subscribed and closed to new applications. 

"

How long before people will start complaining they didn’t have enough time to apply 🤓

It's a poop account anyway so hopefully very few

happybagger

jameseonline said:

It's a poop account anyway so hopefully very few

Other views are available.

jameseonline

happybagger said:

jameseonline said:

It's a poop account anyway so hopefully very few

Other views are available.

They are & obviously by poop I meant very restrictive and low pay in amount & low rate

where_are_we

PowerSavingMode said:

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..."

Manchester RS - This is exactly what has happened to my application. Hopefully they will respond before too long. Like you, I was a bit late in applying (got distracted by the Beverley offer) and now my hopes of getting in 2 payments soon, with first one before the end of September are not great.

trickydicky14

Zopa RS
My RS is due to mature on the 4th Oct, that's 7 days time. Should I just stop the S.O that pays into this account?
I'm just a bit unsure as most of my RS's are funded via SO from my other bank accounts and as you know, Zopa automatically draw money in so it's a little different. And if I do stop payments, is it easy to set them up again when I open a new RS with Zopa.

masonic

trickydicky14 said:

Zopa RS
My RS is due to mature on the 4th Oct, that's 7 days time. Should I just stop the S.O that pays into this account?
I'm just a bit unsure as most of my RS's are funded via SO from my other bank accounts and as you know, Zopa automatically draw money in so it's a little different. And if I do stop payments, is it easy to set them up again when I open a new RS with Zopa.

Do you mean the autosave? At the very least you would need to direct it to the new account when that is set up. Otherwise the money could just end up in the main pot of your smart saver.

wmb194

trickydicky14 said:

Zopa RS
My RS is due to mature on the 4th Oct, that's 7 days time. Should I just stop the S.O that pays into this account?
I'm just a bit unsure as most of my RS's are funded via SO from my other bank accounts and as you know, Zopa automatically draw money in so it's a little different. And if I do stop payments, is it easy to set them up again when I open a new RS with Zopa.

I’d cancel it. At maturity it becomes an easy access savings account (“pot”).

I fund mine manually via the current account and don’t bother with, “autosave.”

https://www.zopa.com/help/article/what-happens-when-the-12-month-term-on-my-regular-saver-pot-ends

clairec666

trickydicky14 said:

Zopa RS
My RS is due to mature on the 4th Oct, that's 7 days time. Should I just stop the S.O that pays into this account?
I'm just a bit unsure as most of my RS's are funded via SO from my other bank accounts and as you know, Zopa automatically draw money in so it's a little different. And if I do stop payments, is it easy to set them up again when I open a new RS with Zopa.

From my experience with Zopa, setting up their "autosave" payments is pretty easy.