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The Top Regular Savers Discussion Thread
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pecunianonolet said:Bob2000 said:pecunianonolet said:IanManc said: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
https://www.manchestereveningnews.co.uk/news/greater-manchester-news/manchester-building-society-back-new-30790368
"Santander considers UK exit amid frustrations with high street banking"
https://archive.is/20250118212845/https://www.ft.com/content/52f65106-6def-4855-b7a0-ae2b7f3200f6
May be time to open their reg saver speculatively now.What advantage would you gain my opening their RS if they do pull out of the British market?
I'm still learning stuff on here so pardon if it's a silly question.
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masonic said:pecunianonolet said:That such a step doesn't happen over night but if this is a serious plan it will mean a lot of restructure beforehand and that could mean that they restructure their portfolio, which in turn could mean accounts are withdrawn but remain perfectly fine and operable by those who have it open.
As far as I can see the rate is not very competitive at the moment. Perhaps I am missing something?
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Emily_Joy said:masonic said:pecunianonolet said:That such a step doesn't happen over night but if this is a serious plan it will mean a lot of restructure beforehand and that could mean that they restructure their portfolio, which in turn could mean accounts are withdrawn but remain perfectly fine and operable by those who have it open.
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Emily_Joy said:masonic said:pecunianonolet said:That such a step doesn't happen over night but if this is a serious plan it will mean a lot of restructure beforehand and that could mean that they restructure their portfolio, which in turn could mean accounts are withdrawn but remain perfectly fine and operable by those who have it open.
As far as I can see the rate is not very competitive at the moment. Perhaps I am missing something?
I'm not sure you can open easy access accounts at 5% now (although I have a couple open), so if people have got spare cash lying around they may put money in Regular Savers paying 5%. Or you could open it speculatively with the minimum required in case it is competitive later onI consider myself to be a male feminist. Is that allowed?2 -
Santander regular saver is a fixed interest rate in what some consider to be a falling market. So, by this time next year 5% may look very attractive.3
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surreysaver said:Emily_Joy said:masonic said:pecunianonolet said:That such a step doesn't happen over night but if this is a serious plan it will mean a lot of restructure beforehand and that could mean that they restructure their portfolio, which in turn could mean accounts are withdrawn but remain perfectly fine and operable by those who have it open.
As far as I can see the rate is not very competitive at the moment. Perhaps I am missing something?
I'm not sure you can open easy access accounts at 5% now (although I have a couple open), so if people have got spare cash lying around they may put money in Regular Savers paying 5%. Or you could open it speculatively with the minimum required in case it is competitive later on
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Emily_Joy said:surreysaver said:Emily_Joy said:masonic said:pecunianonolet said:That such a step doesn't happen over night but if this is a serious plan it will mean a lot of restructure beforehand and that could mean that they restructure their portfolio, which in turn could mean accounts are withdrawn but remain perfectly fine and operable by those who have it open.
As far as I can see the rate is not very competitive at the moment. Perhaps I am missing something?
I'm not sure you can open easy access accounts at 5% now (although I have a couple open), so if people have got spare cash lying around they may put money in Regular Savers paying 5%. Or you could open it speculatively with the minimum required in case it is competitive later on
If other things are attractive to you, then do that with your moneyI consider myself to be a male feminist. Is that allowed?1 -
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.If I opened and funded on 31st Jan could I then fund again on 1st Feb? Anyone know?
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
Looking back on this, my memory has gone totally awol. I've now found I had an email that I was on the wait list on 25th November, and got an email from them on 3rd December saying I had reached the top of the wait list. Whether the amount of money you have with them has anything to do with it I don't know, but I'd invested my full ISA limit with them.
Make £2025 in 2025
Prolific £229.82, Octopoints £4.27, Topcashback £290.85, Tesco Clubcard challenges £60, Misc Sales £321, Airtime £10.
Total £915.94/£2025 45.2%
Make £2024 in 2024
Prolific £907.37, Chase Intt £59.97, Chase roundup int £3.55, Chase CB £122.88, Roadkill £1.30, Octopus referral reward £50, Octopoints £70.46, Topcashback £112.03, Shopmium referral £3, Iceland bonus £4, Ipsos survey £20, Misc Sales £55.44Total £1410/£2024 70%Make £2023 in 2023 Total: £2606.33/£2023 128.8%1 -
Slinky 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.If I opened and funded on 31st Jan could I then fund again on 1st Feb? Anyone know?
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
Looking back on this, my memory has gone totally awol. I've now found I had an email that I was on the wait list on 25th November, and got an email from them on 3rd December saying I had reached the top of the wait list. Whether the amount of money you have with them has anything to do with it I don't know, but I'd invested my full ISA limit with them.0 -
Re Santander thinking about exiting the UK market
Any exit is going to involve some sort of sale of the UK business. Virgin fattened up the customer books for a few years prior to their sale to Nationwide. They have or had 10% regular savers, high interest current accounts, good fixed term and instant access ISAs, along with good switching offers.What will happen with Santander is anyone’s guess. In a way they have already said “we can’t make the profits we want” so it’s not too attractive for buyers. The only exception would be if they had some different business model. Maybe it would be attractive to one of these newer banks, allowing them to buy up a few million customers. But their business model seems to be streamlined and limited product offering, not really what Santander offers.3
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