The Top Regular Savers Discussion Thread

kermchem

Kim_13 said:

Was Scottish Building Society - (Name) accepted, or did you just put your name? And both sides of the driving licence or just the front? Until Progressive yesterday, I hadn’t thought that a provider would need both sides.

Will send off the form if the e-version doesn’t appear in the next two weeks, so as to get it opened in October

Yorkshire YBS uses an external ID validation service that also asks to see both sides of driving licence. 

Scottish BS i sent application form, photograph of front of driving licence, cheque in an envelope last week and so far heard nothing. Not very MSE, but posted Thursday with a 1st class stamp. 

wmb194

Kim_13 said:

wmb194 said:

trickydicky14 said:

Dugal said:

Chaykin said:

Scottish BS

Going to apply for their RS via post - got my printed & completed form, photocopy of driving licence, & cheque ready. Now just to decide whether to pay for a stamp or ask them to post me a pre-paid envelope.

For people saying to use a Freepost licence number/address - how do you do that? Any successes with that approach? According to the below from Royal Mail handwriting is not allowed since 30th of March 2015 unless business uses "Freepost NAME" service - and Scottish BS seems not to have that as they use a licence number? https://www.royalmail.com/sites/royalmail.com/files/2022-09/response-services-user-guide_september-2022.pdf

I sent off my form, copy of driving licence and cheque.  They have just been in touch asking for a copy of a bank statement of my nominated bank account, just emailed a copy.  Not sure if I misread the form or I have been selected for special treatment.

I think you misread the form, you need to select a document from list A and from list B.

Scottish BS

No, it says you only need to send a copy of your passport or photo driving licence. I did this with a cheque for my nominated account and the account has been opened with no request for a statement or anything else.

Was Scottish Building Society - (Name) accepted, or did you just put your name? And both sides of the driving licence or just the front? Until Progressive yesterday, I hadn’t thought that a provider would need both sides.

Will send off the form if the e-version doesn’t appear in the next two weeks, so as to get it opened in October

I sent a copy of my passport photo pages. Scottish has returned this to me along with the passbook.

Yes, the cheque was made out to: Scottish Building Society a/c <forname> <surname> and it cleared yesterday.

Dugal

Aidanmc said:

Dugal said:

Chaykin said:

Scottish BS

Going to apply for their RS via post - got my printed & completed form, photocopy of driving licence, & cheque ready. Now just to decide whether to pay for a stamp or ask them to post me a pre-paid envelope.

For people saying to use a Freepost licence number/address - how do you do that? Any successes with that approach? According to the below from Royal Mail handwriting is not allowed since 30th of March 2015 unless business uses "Freepost NAME" service - and Scottish BS seems not to have that as they use a licence number? https://www.royalmail.com/sites/royalmail.com/files/2022-09/response-services-user-guide_september-2022.pdf

I sent off my form, copy of driving licence and cheque.  They have just been in touch asking for a copy of a bank statement of my nominated bank account, just emailed a copy.  Not sure if I misread the form or I have been selected for special treatment.

Was the cheque you sent not from the nominated account?

Cheque was from my nominated account.  Seems to be some randomness or other factor involved.  No big issue though.  Had acknowledgement of emailed statement.  So hopefully all OK.

jameseonline

kermchem said:

My understanding is that the only difference between the Progressive Rainy Day issue 3  / issue 4 problem and the regular savers from Lloyds Bank (x 2) and Nationwide is that in living memory Lloyds and Nationwide have not brought out a new issue with a higher interest rate. All three do not allow you to close an issue and open a new one until the 12 months are up (12 months plus a day for Nationwide).

Meanwhile, Progressive RD RS issue 4 opened last night, ID no issue.

You can take out money out of Lloyds regulars (5.25% standard & 6.25% Club Lloyds, you can have both if you have Club Lloyds bank account) whenever you want though so you can leave them open, continue paying in or not & you'd just wait for any interest due at the end of the year.

I'm gradually emptying my Club Lloyds Regular to fund better rate regulars, but may serve as a nice overflow account for maturing regulars.

Nationwide (6.5%) do new issues every so often, you are only allowed 1 of any issue at a time, you can close whenever you want & can open a new one like 24hrs later.

Both Lloyds and Nationwide haven't changed rates so far.

I believe.

PowerSavingMode

Kim_13 said:

wmb194 said:

trickydicky14 said:

Dugal said:

Chaykin said:

Scottish BS

Going to apply for their RS via post - got my printed & completed form, photocopy of driving licence, & cheque ready. Now just to decide whether to pay for a stamp or ask them to post me a pre-paid envelope.

For people saying to use a Freepost licence number/address - how do you do that? Any successes with that approach? According to the below from Royal Mail handwriting is not allowed since 30th of March 2015 unless business uses "Freepost NAME" service - and Scottish BS seems not to have that as they use a licence number? https://www.royalmail.com/sites/royalmail.com/files/2022-09/response-services-user-guide_september-2022.pdf

I sent off my form, copy of driving licence and cheque.  They have just been in touch asking for a copy of a bank statement of my nominated bank account, just emailed a copy.  Not sure if I misread the form or I have been selected for special treatment.

I think you misread the form, you need to select a document from list A and from list B.

Scottish BS

No, it says you only need to send a copy of your passport or photo driving licence. I did this with a cheque for my nominated account and the account has been opened with no request for a statement or anything else.

Was Scottish Building Society - (Name) accepted, or did you just put your name? And both sides of the driving licence or just the front? Until Progressive yesterday, I hadn’t thought that a provider would need both sides.

Will send off the form if the e-version doesn’t appear in the next two weeks, so as to get it opened in October

Scottish Building Society

I just sent one side of driving licence (front) and they accepted that. As for the cheque, they advised:

"The opening deposit for the account must be made within 14 days, by cheque made payable to yourself as this is treated as a postal application. This can be done in any of our Relationship Centres or posted to our head office at:

 

Scottish Building Society

193 Dalry Road

Edinburgh

EH11 2EF

 

Once we have received and processed your cheque, you will receive your welcome pack within 3-5 working days."

Ch1ll1Phlakes

Slinky said:

When did ZOPA start offering regular savers? Mine matures in December, just wondering what might follow on from that date?

Also got a boosted saver pot with Chase at 4.3% which holds funds to fund my RS, which runs out at the end of October. Am I likely to be able to open another do you think?

Based on what I've read from the forum over the last while Zopa first offered a Regular Saver around the start of October 2024. Zopa's regular saver can be reopened as soon as the previous one has closed or matured so as long as they still offer theirs in December you should be fine to reopen one.

With regards the Chase boosted saver, a few forumites have reported getting boost offers while other report none so unlikely you'll immediately get one again in October.

Hope this helps and that everything I've said is correct. 

BestSeagull

where_are_we said:

Sorry - "The Quaker" - I do not get sentimental with passbooks. I have a number of passbook RS`s including this one and they only add to admin. At least Scottish BS do online so ,after initial postal baloney, their RS can be managed easily. Lets hope the Maturity process doesn`t require posting in the passbook.

I agree with you about passbooks. They are just clutter! I particularly dislike having to send one in at the end of the term so I asked Scottish BS that question and they said once it's opened it can be managed online, including withdrawal at maturity.

s71hj

BestSeagull said:

where_are_we said:

Sorry - "The Quaker" - I do not get sentimental with passbooks. I have a number of passbook RS`s including this one and they only add to admin. At least Scottish BS do online so ,after initial postal baloney, their RS can be managed easily. Lets hope the Maturity process doesn`t require posting in the passbook.

I agree with you about passbooks. They are just clutter! I particularly dislike having to send one in at the end of the term so I asked Scottish BS that question and they said once it's opened it can be managed online, including withdrawal at maturity.

I seem to recall one, I think it was Stafford Railway thar arrived with beautiful copper plate writing in it. 

Bridlington1

BestSeagull said:

where_are_we said:

Sorry - "The Quaker" - I do not get sentimental with passbooks. I have a number of passbook RS`s including this one and they only add to admin. At least Scottish BS do online so ,after initial postal baloney, their RS can be managed easily. Lets hope the Maturity process doesn`t require posting in the passbook.

I agree with you about passbooks. They are just clutter! I particularly dislike having to send one in at the end of the term so I asked Scottish BS that question and they said once it's opened it can be managed online, including withdrawal at maturity.

They've also said they're planning to launch the online version at some point late this week/early next week.

I'm still waiting for the application pack for the account to arrive so shall probably hold out till the online version emerges, if it gets pulled I can always send off a postal application the day it goes NLA and backdate everything so I don't lose out.

allegro120

Bridlington1 said:

BestSeagull said:

where_are_we said:

Sorry - "The Quaker" - I do not get sentimental with passbooks. I have a number of passbook RS`s including this one and they only add to admin. At least Scottish BS do online so ,after initial postal baloney, their RS can be managed easily. Lets hope the Maturity process doesn`t require posting in the passbook.

I agree with you about passbooks. They are just clutter! I particularly dislike having to send one in at the end of the term so I asked Scottish BS that question and they said once it's opened it can be managed online, including withdrawal at maturity.

They've also said they're planning to launch the online version at some point late this week/early next week.

I'm still waiting for the application pack for the account to arrive so shall probably hold out till the online version emerges, if it gets pulled I can always send off a postal application the day it goes NLA and backdate everything so I don't lose out.

Scottish BS
I've sent mine yesterday, didn't want to wait for something that might or might not happen.  Also there could be a chance that they will allow to have both (like MonBS recently did).  I'm not holding my breath, but you never now