The Top Regular Savers Discussion Thread

Confused_Dog

schiff said:

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

The West Brom have made their Fixed Rate Regular Saver one that only can be opened in branch, rather than online, seems to be a bit of a backward step to me.  https://www.westbrom.co.uk/savings/regular-savers/fixed-rate-regular-saver-issue-7

Rate currently 6% and their branches are in the Birmingham and Black Country area, but they've not had one in Birmingham City Centre for a while.

allegro120

topyam said:

Ah so once the Co-Op RS matures, there's no new issue, and you have to try and open another of the same but with a different CA? That is a pain

No, you can open it with your existing CA.  It's only if you closed/switched your CA you will need to open another one.
Co-op RS matures into a low paying EA, as soon as this happens you can apply for your next RS.  That's the most common practice for most RS products.

clairec666

topyam said:

Ah so once the Co-Op RS matures, there's no new issue, and you have to try and open another of the same but with a different CA? That is a pain

You can use the same current account, unless you're being daft like me and trying to over-complicate things by chasing switching bonuses

s71hj

clairec666 said:

topyam said:

Ah so once the Co-Op RS matures, there's no new issue, and you have to try and open another of the same but with a different CA? That is a pain

You can use the same current account, unless you're being daft like me and trying to over-complicate things by chasing switching bonuses

I must say, in terms of switches I now stick with opening an additional Chase curtent account, which happens instantly and setting up a couple of  30p direct debit payments which are set up within days. I know it shaves a sliver off the profit but it's very bish bash bosh time wise! 

clairec666

s71hj said:

clairec666 said:

topyam said:

Ah so once the Co-Op RS matures, there's no new issue, and you have to try and open another of the same but with a different CA? That is a pain

You can use the same current account, unless you're being daft like me and trying to over-complicate things by chasing switching bonuses

I must say, in terms of switches I now stick with opening an additional Chase curtent account, which happens instantly and setting up a couple of  30p direct debit payments which are set up within days. I know it shaves a sliver off the profit but it's very bish bash bosh time wise! 

Good advice. I'm thinking of doing the Lloyds switch which requires 3 direct debits which have already been paid out. And as the offer could be pulled at any time, it would be useful to use an existing account.

Anyway, back on topic, as this is the regular savers thread. It's been a bit quiet in the regular saver world. For a couple of days, anyway.

Section62

clairec666 said:

...
Anyway, back on topic, as this is the regular savers thread. It's been a bit quiet in the regular saver world. For a couple of days, anyway.

Often is at the weekend.

trickydicky14

Confused_Dog said:

schiff said:

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

The West Brom have made their Fixed Rate Regular Saver one that only can be opened in branch, rather than online, seems to be a bit of a backward step to me.  https://www.westbrom.co.uk/savings/regular-savers/fixed-rate-regular-saver-issue-7

Rate currently 6% and their branches are in the Birmingham and Black Country area, but they've not had one in Birmingham City Centre for a while.

And one in Shrewsbury Shropshire.

What_time_is_it

I’ve set up a Branch Exclusive Regular Saver with the Monmouthshire.

I now have the account number in the app. It’s a 10 digit number but it ends in an X. Is that normal?

I want to transfer some funds before the month ends but I also want to be certain that the details are correct!

WillPS

What_time_is_it said:

I’ve set up a Branch Exclusive Regular Saver with the Monmouthshire.

I now have the account number in the app. It’s a 10 digit number but it ends in an X. Is that normal?

Yep. Some of mine end in X. Bit weird but seems to be a thing with them.

subjecttocontract

My Monmouth Branch Exc' reg saver doesn't end in an X......It's just a 10 digit numeric. Suggest you just use the 10 digit number you have as the reference, leaving the X off. Try it with £1 to test it.