The Top Regular Savers Discussion Thread

allegro120

Mansfield Bonus Regular Savings (8th issue).

This won't be useful for most, but I thought it could be useful for those who opened this account later than me or considering to apply.

My exit timeline.
My bonus expired on Saturday 11th January. I've sent a secure message asking to close my account and transfer funds to my bank account. Got the reply on Monday 13th "Unfortunately, we are not able to complete a withdrawal/closure request for a branch based account via the Mansfield Online portal. Could you please send your request in writing, along with your passbook to our Head Office". I've done that straight away. Received the cheque today 18th January, Scanned it in with Lloyds app, so hopefully will get the money on Tuesday 21st January... It would have been quicker if I knew what to do and sent the letter with passbook a day or two earlier, but the point is - in any circumstances your money will be earning 0% for some days.  I'm OK with this because the interest rate mitigates this loss of interest, posted my application and £250 cheque for a new one today (they've sent me the application form with SAE and I still have plenty of unused pages in my 25 year old cheque book  .  

granta

wmb194 said:

granta said:

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Coventry loyalty seasonal saver, 6%, max £250 per month, 12 month term, 30 days loss of interest on amount withdrawn before 31/10/25 , then free access.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

Zopa current account/RS

I opened a savings account, deposited a pound and then one or two weeks later an invite to open the current account appeared in the app. I had to keep checking the app, though. I didn't receive an email or an app alert.

Thanks. I've just done that now. Do you think I need to put myself on the waiting list again as the first time round I was not a customer? There's no mention of the current account within the app 

PowerSavingMode

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.

Zopa current account / RS

Yup, every other day or so...

Snapdragon

wmb194 said:

granta said:

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.

Zopa current account/RS

I opened a savings account, deposited a pound and then one or two weeks later an invite to open the current account appeared in the app. I had to keep checking the app, though. I didn't receive an email or an app alert.

Zopa current account/RS

It does seem a bit arbitrary as to who gets offered and when. I too opened a savings account and deposited £1, joined the wait list early November and check the app every other day but nothing yet.

Emily_Joy

Snapdragon said:

Zopa current account/RS

It does seem a bit arbitrary as to who gets offered and when. I too opened a savings account and deposited £1, joined the wait list early November and check the app every other day but nothing yet.

I am on their waiting list but I didn't download the app... is the idea that one should download the app after putting the name on the waiting list?

schiff

Some talk in the Manchester Evening News (can't quote it unfortunately as I 'lost' the email link) that the Manchester BS which was merged with the Newcastle BS in 2023 is being revived - HO in the upmarket King St and branches in the city. More news may be forthcoming and they could start by offering something worthwhile.
Very early days of course.
Just found more: planning permission obtained for the HO building, opening hopefully later this year.
Was hardly worth posting, was it LOL

Born2Save_3

schiff said:

Some talk in the Manchester Evening News (can't quote it unfortunately as I 'lost' the email link) that the Manchester BS which was merged with the Newcastle BS in 2023 is being revived - HO in the upmarket King St and branches in the city. More news may be forthcoming and they could start by offering something worthwhile.
Very early days of course.
Just found more: planning permission obtained for the HO building, opening hopefully later this year.
Was hardly worth posting, was it LOL

That's good to know.  The website is :

https://www.manchester.co.uk/Main/AboutUs

As you've stated, accounts could well be offered soon :

https://www.manchester.co.uk/Savings/List/All

Looking at historic rates :

https://www.manchester.co.uk/Savings/WithdrawnAccounts

no mention of regular savers.

moi

wmb194 said:

ToastLady said:

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

Zopa current account/RS

 . I had to keep checking the app, though. I didn't receive an email or an app alert.

I did get an email invitation from Zopa. I guess they're inconsistent. 😕

badger09

Kim_13 said:

badger09 said:

Dizzycap said:

With regards to YBS, this is for anyone who may be in the same(ish) position.

I opened a Christmas RS on 17/01/24 which as you know matured on 1st November 2024 (10 months). This was the only account I had with YBS at the time.

I opened a easy saver in August and put £1 in - kicking myself because I hadn't opened it at the same time as the Christmas RS to get Loyalty Member status for the YBS Loyalty RS.

I just happened to pop into the YBS App 17/01/25, clicked on Regular Savers and lo and behold, the Loyalty Regular Saver @ 5.45% variable was available to me. Application made, opened  & funded by open bank link all within 5 minutes. Therefore, YBS are working on funding history over a year not having a single account opened for a year.

Whilst I personally don't like RS under 5.5%, and certainly those which are not fixed rates, I decided to open it and fund for now as imho, it's better than the insult of the 5% variable Christmas RS that's on offer.

I may indeed kick myself for that statement at a later date! 

As a side note for anyone who maybe waiting on Skipton for a Member Regular Saver and made plans to be ready for the next issue by opening an easy saver with £1 before 11/01/25, Skipton are having a long maintenance weekend beginning Saturday 18th @ 10pm until Monday 20th. There maybe a possibility that they are about to launch a new issue of the Member RS (Issue 4). We shall have to wait and see

They’re not looking at ‘funding history over a year’. I’m pretty sure most Building Socs operate in the same way. For most loyalty or member products they look for a period of continuous membership. 

So as long as you maintain an account, any account, with minimum balance (often anything above £0), your period will start on the date you opened your 1st account. That’s why it often pays to leave a tiny balance in the 1st account you open. You achieved this continuous membership by opening an Easy Saver in August.

There would have been nothing to prevent letting the Christmas 2024 roll into the default option and withdrawing all but £1, effectively making that the membership account and retaining the earlier date. Too late in your case by the sounds of it, but it may be useful to someone.

I had a load of EAs for this reason until I manually closed all but the oldest. At the rate they’ve just launched, it’s quite possible it’ll be at least August before they launch a Loyalty account worth opening.

I think you’re replying to the wrong poster

IanManc

schiff said:

Some talk in the Manchester Evening News (can't quote it unfortunately as I 'lost' the email link) that the Manchester BS which was merged with the Newcastle BS in 2023 is being revived - HO in the upmarket King St and branches in the city. More news may be forthcoming and they could start by offering something worthwhile.
Very early days of course.
Just found more: planning permission obtained for the HO building, opening hopefully later this year.
Was hardly worth posting, was it LOL

The article is here:

https://www.manchestereveningnews.co.uk/news/greater-manchester-news/manchester-building-society-back-new-30790368