The Top Regular Savers Discussion Thread

Kim_13

mhoc said:

My Principality maturity winter regular saver bond is due to mature in February and I had the letter today. There does not seem to be a method of setting maturity instructions online so I've sent instructions via message. Please can I ask will they accept instructions by this method? I've also asked for £125 to be transferred to a new Christmas 2025 regular saver and the residue to be returned to the linked current account - it was not one of the possibilities listed in the letter. I did wonder if I should ask for another regular saver issue 35 but that might be my back up plan if my 1st choice gets rejected. 

From memory you have to go to the specific address given in the letter, rather than logging in normally. I used this method to get a 6 Month Regular Saver Issue 2, though I believe the Christmas Saver was there too. I didn’t have to secure message them at all.

They had included a pamphlet for the Issue 2 in the envelope but it was not listed as an option in the letter, as you mention.

Dizzycap

Bigwheels1111 said:

GetRichOrDieSaving said:

silvercar said:

Coventry loyalty seasonal saver, 6%, max £250 per month, 12 month term, 30 days loss of interest on amount withdrawn before 31/10/25 , then free access. 

Seems I can now pick this one up, presumably because I’ve been a member now long enough to meet the criteria. 

If I opened and funded on 31st Jan could I then fund again on 1st Feb? Anyone know? 

Coventry and First Direct are the only 2 that don’t allow this.
The day it’s opened is the day you make the next payment.
Opened on the 18th of January, next payment on the 18th of February.

In my experience, HSBC RS also don't allow changes of calendar date for funding.

Slinky

granta said:

ToastLady said:

Slinky said:

Bigwheels1111 said:

GetRichOrDieSaving said:

silvercar said:

Coventry loyalty seasonal saver, 6%, max £250 per month, 12 month term, 30 days loss of interest on amount withdrawn before 31/10/25 , then free access. 

Seems I can now pick this one up, presumably because I’ve been a member now long enough to meet the criteria. 

If I opened and funded on 31st Jan could I then fund again on 1st Feb? Anyone know? 

Coventry and First Direct are the only 2 that don’t allow this.
The day it’s opened is the day you make the next payment.
Opened on the 18th of January, next payment on the 18th of February.

Zopa RS doesn't either.

Regarding Zopa, it is worth signing up for the waiting list. I was only on it for about a month-6 weeks before getting the invite for the CA

Don't know when you applied for Zopa current account, but was 15 days for me in November from added to waitlist to being offered current account. 

I joined the waitlist when it was first promoted here (probably November) but have not received any invite. Does the invite come via email or do you need to join via the app first?

I think it must have been a message in the app as I cannot find an email inviting me to join.

Slinky

subjecttocontract said:

Hattie627 said:

Bobblehat said:

Bigwheels1111 said:

GetRichOrDieSaving said:

silvercar said:

Coventry loyalty seasonal saver, 6%, max £250 per month, 12 month term, 30 days loss of interest on amount withdrawn before 31/10/25 , then free access. 

Seems I can now pick this one up, presumably because I’ve been a member now long enough to meet the criteria. 

If I opened and funded on 31st Jan could I then fund again on 1st Feb? Anyone know? 

Coventry and First Direct are the only 2 that don’t allow this.
The day it’s opened is the day you make the next payment.
Opened on the 18th of January, next payment on the 18th of February.

Just to expand a little ... the Coventry Loyalty Seasonal Saver is as Bigwheels1111 says in the example above, but there are other Coventry RS's that do allow payment shifting to 1st of the month etc. The Sunny Day RS for example.

Yes, Coventry BS are confusing. Some of their RS accounts are calendar months for funding, some are account months.

If they ARE going to use account months for funding (against the general trend of calendar months), at least they should be consistent across their range of accounts.

I sometimes wonder if these unnecessary complications discourage the wider use of RS accounts.

What you describe as unnecessary complications doesn't even register with me. I really don't understand why this can cause a problem. Like others, I couldn't care less wether they use account months or calender months. I just open the account and set up an appropriate standing order. Then I usually forget about the account until maturity.

If you join up on, say, 27th/month and paid your first month that day, then set your standing order to start from1st of the following month you will get more interest than paying your standing order always on 27th/month.

surreysaver

subjecttocontract said:

Hattie627 said:

Bobblehat said:

Bigwheels1111 said:

GetRichOrDieSaving said:

silvercar said:

Coventry loyalty seasonal saver, 6%, max £250 per month, 12 month term, 30 days loss of interest on amount withdrawn before 31/10/25 , then free access. 

Seems I can now pick this one up, presumably because I’ve been a member now long enough to meet the criteria. 

If I opened and funded on 31st Jan could I then fund again on 1st Feb? Anyone know? 

Coventry and First Direct are the only 2 that don’t allow this.
The day it’s opened is the day you make the next payment.
Opened on the 18th of January, next payment on the 18th of February.

Just to expand a little ... the Coventry Loyalty Seasonal Saver is as Bigwheels1111 says in the example above, but there are other Coventry RS's that do allow payment shifting to 1st of the month etc. The Sunny Day RS for example.

Yes, Coventry BS are confusing. Some of their RS accounts are calendar months for funding, some are account months.

If they ARE going to use account months for funding (against the general trend of calendar months), at least they should be consistent across their range of accounts.

I sometimes wonder if these unnecessary complications discourage the wider use of RS accounts.

What you describe as unnecessary complications doesn't even register with me. I really don't understand why this can cause a problem. Like others, I couldn't care less wether they use account months or calender months. I just open the account and set up an appropriate standing order. Then I usually forget about the account until maturity.

What do you mean by 'appropriate' standing order? Knowing how the account operates allows you to set up an appropriate standing order. If you couldn't care less how the account operates, you might get it wrong and be in breach of the T&Cs and wonder why it gets closed or you don't get the interest you expect 

subjecttocontract

surreysaver said:

subjecttocontract said:

Hattie627 said:

Bobblehat said:

Bigwheels1111 said:

GetRichOrDieSaving said:

silvercar said:

Coventry loyalty seasonal saver, 6%, max £250 per month, 12 month term, 30 days loss of interest on amount withdrawn before 31/10/25 , then free access. 

Seems I can now pick this one up, presumably because I’ve been a member now long enough to meet the criteria. 

If I opened and funded on 31st Jan could I then fund again on 1st Feb? Anyone know? 

Coventry and First Direct are the only 2 that don’t allow this.
The day it’s opened is the day you make the next payment.
Opened on the 18th of January, next payment on the 18th of February.

Just to expand a little ... the Coventry Loyalty Seasonal Saver is as Bigwheels1111 says in the example above, but there are other Coventry RS's that do allow payment shifting to 1st of the month etc. The Sunny Day RS for example.

Yes, Coventry BS are confusing. Some of their RS accounts are calendar months for funding, some are account months.

If they ARE going to use account months for funding (against the general trend of calendar months), at least they should be consistent across their range of accounts.

I sometimes wonder if these unnecessary complications discourage the wider use of RS accounts.

What you describe as unnecessary complications doesn't even register with me. I really don't understand why this can cause a problem. Like others, I couldn't care less wether they use account months or calender months. I just open the account and set up an appropriate standing order. Then I usually forget about the account until maturity.

What do you mean by 'appropriate' standing order? Knowing how the account operates allows you to set up an appropriate standing order. If you couldn't care less how the account operates, you might get it wrong and be in breach of the T&Cs and wonder why it gets closed or you don't get the interest you expect 

Well some regular savers require s/o payments to be made from their specific current account instead of my current account.....that's what I mean by an appropriate  standing order.

masonic

Some understanding of the T&Cs is a requirement for setting up an appropriate s/o. Generally this can be done soon after applying and needn't be revisited for the rest of the account term. I don't think assumptions should be made about new products. Some might consider knowledge of the T&Cs to be a prerequisite of entering into an agreement to open the account.

It can be more awkward when you do not use a s/o.

PowerSavingMode

ToastLady said:

Slinky said:

Bigwheels1111 said:

GetRichOrDieSaving said:

silvercar said:

Coventry loyalty seasonal saver, 6%, max £250 per month, 12 month term, 30 days loss of interest on amount withdrawn before 31/10/25 , then free access. 

Seems I can now pick this one up, presumably because I’ve been a member now long enough to meet the criteria. 

If I opened and funded on 31st Jan could I then fund again on 1st Feb? Anyone know? 

Coventry and First Direct are the only 2 that don’t allow this.
The day it’s opened is the day you make the next payment.
Opened on the 18th of January, next payment on the 18th of February.

Zopa RS doesn't either.

Regarding Zopa, it is worth signing up for the waiting list. I was only on it for about a month-6 weeks before getting the invite for the CA

Don't know when you applied for Zopa current account, but was 15 days for me in November from added to waitlist to being offered current account. 

Zopa current account / RS

I've been on the waitlist for at least a few months and nada so far...

ToastLady

PowerSavingMode said:

ToastLady said:

Slinky said:

Bigwheels1111 said:

GetRichOrDieSaving said:

silvercar said:

Coventry loyalty seasonal saver, 6%, max £250 per month, 12 month term, 30 days loss of interest on amount withdrawn before 31/10/25 , then free access. 

Seems I can now pick this one up, presumably because I’ve been a member now long enough to meet the criteria. 

If I opened and funded on 31st Jan could I then fund again on 1st Feb? Anyone know? 

Coventry and First Direct are the only 2 that don’t allow this.
The day it’s opened is the day you make the next payment.
Opened on the 18th of January, next payment on the 18th of February.

Zopa RS doesn't either.

Regarding Zopa, it is worth signing up for the waiting list. I was only on it for about a month-6 weeks before getting the invite for the CA

Don't know when you applied for Zopa current account, but was 15 days for me in November from added to waitlist to being offered current account. 

Zopa current account / RS

I've been on the waitlist for at least a few months and nada so far...

Have you checked your app? Invitation doesn't come via email.

granta

ToastLady said:

PowerSavingMode said:

ToastLady said:

Slinky said:

Bigwheels1111 said:

GetRichOrDieSaving said:

silvercar said:

Coventry loyalty seasonal saver, 6%, max £250 per month, 12 month term, 30 days loss of interest on amount withdrawn before 31/10/25 , then free access. 

Seems I can now pick this one up, presumably because I’ve been a member now long enough to meet the criteria. 

If I opened and funded on 31st Jan could I then fund again on 1st Feb? Anyone know? 

Coventry and First Direct are the only 2 that don’t allow this.
The day it’s opened is the day you make the next payment.
Opened on the 18th of January, next payment on the 18th of February.

Zopa RS doesn't either.

Regarding Zopa, it is worth signing up for the waiting list. I was only on it for about a month-6 weeks before getting the invite for the CA

Don't know when you applied for Zopa current account, but was 15 days for me in November from added to waitlist to being offered current account. 

Zopa current account / RS

I've been on the waitlist for at least a few months and nada so far...

Have you checked your app? Invitation doesn't come via email.

So if I download the app, do I have to take out a product first? I haven't downloaded it as I'm not a customer currently. But happy to take out a current account if they offer it to me.