The Top Regular Savers Discussion Thread

35har1old

friolento said:

clairec666 said:

roked said:

clairec666 said:

flaneurs_lobster said:

By no means certain but I don't think you need to keep the current account. 

Could maybe save any problems by opening a second CA with them before swapping the first out?

Thanks, could be worth a try. And if they continue to offer a decent regular saver in future, I guess I'll need a new current account anyway.

Yes it does stay open, I have done it when I used the current account as a switcher account part way through. Everything was fine with it through to the end and I could withdraw to my external current account without issues.

The only 'issue' was that when I tried to open another current account to apply for a new RS, it would not let me do it using my existing details and I had to apply again as if a new customer. Not a big deal, just delays things (as co-op are not known for being quick) while waiting for it all to be setup again before applying for the RS

Cooperative regular saver - had a response from their customer services team, saying "It is a requirement under the Regular Saver terms and conditions that you also have a current account with the Co-operative Bank so the current account would need to remain open"
Clearly contradicts @roked's experience of being able to switch out. Might just be the customer service person's own interpretation of the T&Cs, as I can only see a mention of needing a current account to open the RS, no mention of it remaining open.

I think you need their current account to get your money out as you can only make internal xfers from their savings accounts 

The terms say you can transfer out to another provider 

topyam

nomorekids said:

topyam said:

Co-Operative RS

So I have now got the CA opened. And have applied for their RS and been approved for that. More waiting now for it to appear on the app or online. How long does that take?

Don't hold your breath, co op are slow unfortunately, I m not holding out hope for funding this month having got my received your application last Friday

Hoping to fund this month too, but they seem v slow.

masonic

35har1old said:

friolento said:

clairec666 said:

roked said:

clairec666 said:

flaneurs_lobster said:

By no means certain but I don't think you need to keep the current account. 

Could maybe save any problems by opening a second CA with them before swapping the first out?

Thanks, could be worth a try. And if they continue to offer a decent regular saver in future, I guess I'll need a new current account anyway.

Yes it does stay open, I have done it when I used the current account as a switcher account part way through. Everything was fine with it through to the end and I could withdraw to my external current account without issues.

The only 'issue' was that when I tried to open another current account to apply for a new RS, it would not let me do it using my existing details and I had to apply again as if a new customer. Not a big deal, just delays things (as co-op are not known for being quick) while waiting for it all to be setup again before applying for the RS

Cooperative regular saver - had a response from their customer services team, saying "It is a requirement under the Regular Saver terms and conditions that you also have a current account with the Co-operative Bank so the current account would need to remain open"
Clearly contradicts @roked's experience of being able to switch out. Might just be the customer service person's own interpretation of the T&Cs, as I can only see a mention of needing a current account to open the RS, no mention of it remaining open.

I think you need their current account to get your money out as you can only make internal xfers from their savings accounts 

The terms say you can transfer out to another provider 

Yes, I can confirm that it let me set up and select an external payee from the regular saver, though I did not pull the trigger. The only restriction is you cannot set a reference when making external payments from their savings accounts.

allegro120

topyam said:

Co-Operative RS

So I have now got the CA opened. And have applied for their RS and been approved for that. More waiting now for it to appear on the app or online. How long does that take?

Takes about 2-3 working days.

alfred64

Reg_Smeeton said:

mhoc said:

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.

Looks like a day trip to Shrewsbury - does anyone think that they might want an appointment made??? Might give them a ring 

I tried to open this RS on the previous occasion it was in branch only ~18 months ago. It was by appointment only at Shrewsbury and they weren’t offering slots on Saturdays

Try a trip to West Bromwich. Open each day  (except Sunday) until 6pm including Saturday.

friolento

flaneurs_lobster said:

friolento said:

clairec666 said:

roked said:

clairec666 said:

flaneurs_lobster said:

By no means certain but I don't think you need to keep the current account. 

Could maybe save any problems by opening a second CA with them before swapping the first out?

Thanks, could be worth a try. And if they continue to offer a decent regular saver in future, I guess I'll need a new current account anyway.

Yes it does stay open, I have done it when I used the current account as a switcher account part way through. Everything was fine with it through to the end and I could withdraw to my external current account without issues.

The only 'issue' was that when I tried to open another current account to apply for a new RS, it would not let me do it using my existing details and I had to apply again as if a new customer. Not a big deal, just delays things (as co-op are not known for being quick) while waiting for it all to be setup again before applying for the RS

Cooperative regular saver - had a response from their customer services team, saying "It is a requirement under the Regular Saver terms and conditions that you also have a current account with the Co-operative Bank so the current account would need to remain open"
Clearly contradicts @roked's experience of being able to switch out. Might just be the customer service person's own interpretation of the T&Cs, as I can only see a mention of needing a current account to open the RS, no mention of it remaining open.

I think you need their current account to get your money out as you can only make internal xfers from their savings accounts 

Nah, can pay to external accounts from the RS.

I can’t from mine (RS or other TSB savings account). This is in the app. Not sure whether online would be the same

But yes, I could go into a branch ……. it just seems much easier to keep a current account 

flaneurs_lobster

friolento said:

I can’t from mine (RS or other TSB savings account). This is in the app. Not sure whether online would be the same

But yes, I could go into a branch ……. it just seems much easier to keep a current account 

I (we?) were discussing the Co-op........

clairec666

flaneurs_lobster said:

friolento said:

I can’t from mine (RS or other TSB savings account). This is in the app. Not sure whether online would be the same

But yes, I could go into a branch ……. it just seems much easier to keep a current account 

I (we?) were discussing the Co-op........

Yes, we were specifically talking about the Co-op regular saver and whether it could exist as an "orphan" without a current account.

But it's useful to know what the situation is with other accounts too.

I vaguely remember reading in the T&Cs for Natwest and RBS digital regular savers that you can close the current account but can subsequently only withdraw money in branch.

Bridlington1

Just a reminder the following interest rate cuts come into effect tomorrow (1/10/25):

Account	Old rate	New rate	Date
Hanley Economic Branch Regular Saver	1.65%	1.45%	01/10/2025
Hanley Economic Online Regular Saver	4.40%	4.15%	01/10/2025
Hanley Economic Regular Saver	1.70%	1.45%	01/10/2025
Loughborough BS 1 Year Super Saver	6.00%	NO CHANGE	01/10/2025
Loughborough BS 2 Year Super Saver	5.00%	NO CHANGE	01/10/2025
Loughborough BS Holiday Monthly Saver	5.60%	NO CHANGE	01/10/2025
Loughborough BS Limited Access Monthly Saver	4.45%	NO CHANGE	01/10/2025
Loughborough BS Five Year Retirement Monthly Saver	5.50%	NO CHANGE	01/10/2025
Mansfield BS Bonus Regular Savings Issue 8 (includes 1.85% bonus for 12 months)	5.35%	5.25%	01/10/2025
Mansfield BS Kick Start Regular Savings Issue 7	3.50%	3.40%	01/10/2025
Mansfield BS Regular Savings (2nd issue)	3.50%	3.40%	01/10/2025
Mansfield BS Regular Savings (3rd- 6th issues, including 150th anniversary issue)	3.50%	3.40%	01/10/2025
Mansfield BS Regular Savings 30 (1st issue)	3.70%	3.60%	01/10/2025
Mansfield BS Young Regular Saver (1st and 2nd issue)	3.90%	3.80%	01/10/2025
Mansfield BS Young Regular Saver (3rd issue)	3.90%	3.80%	01/10/2025
Mansfield Regular eSaver 30 (1st issue)	3.70%	3.60%	01/10/2025
Market Harborough BS Member Monthly Saver	2.85%	NO CHANGE	01/10/2025
Nationwide Flex Regular Saver (all active issues)	6.50%	NO CHANGE	01/10/2025
Suffolk BS 1 Year Variable Rate Regular Saver (31.03.2026) (includes online)	4.75%	4.60%	01/10/2025
Suffolk BS 1 Year Variable Rate Regular Saver (31.12.2025) (includes online)	4.75%	4.60%	01/10/2025
Suffolk BS 2 Year Variable Rate Regular Saver (31.12.2025)	4.55%	4.40%	01/10/2025
Suffolk BS 2 Year Variable Rate Regular Saver (31.12.2026)	4.55%	4.40%	01/10/2025
Suffolk BS Variable Rate Regular Saver (31.05.2026)	4.55%	4.40%	01/10/2025

jaypers

The Vernon……couple of questions if I may…….
1) My RS is due to mature today (30th). No activity yet so will that be overnight tonight or sometime during the day?
2) Are transfers out to an external account same day?

TIA.