The Top Regular Savers Discussion Thread

chris_the_bee

Skipton Member Regular Saver issue 3

• Joint accounts aren’t allowed.
• You can only hold one Member Regular Saver in your name at any one time (either a Member Regular Saver or a Branch Member Regular Saver).

Shame.

subjecttocontract

I see Skipton changed the eligibility criteria for their loyalty reg saver iss 4 to ......on or before 20.01.25. Some of us that didn't qualify for iss 3 will now be able to apply for iss 4.

Bob2000

RE: SKIPTON R.S. MEMBERS  ACCOUNT  ISSUE 4.

I currently  have a easy access account with them with £1 in it.
The intention  was to build up the loyalty  so l could open the member RS in the future but at the moment my spare cash is tied up in other accounts.
I could open this one now by the looks of it.
Would anyone bother sticking £20 in per month  just for the hell of it?
 

masonic

I was in a similar boat. I had planned to open a different RS within the next week or so, but decided to prioritise this one as it is a higher rate (even after the 0.25% drop I've got priced in for a couple of weeks time) and I'd had the £1 sitting in the easy access account for quite a while hoping for a loyalty account to come along. So snapped it up today and funded it.

If I couldn't have funded, I think I'd be content to wait a while. Unlikely this will be pulled after a short time.

allegro120

Bob2000 said:

RE: SKIPTON R.S. MEMBERS  ACCOUNT  ISSUE 4.

I currently  have a easy access account with them with £1 in it.
The intention  was to build up the loyalty  so l could open the member RS in the future but at the moment my spare cash is tied up in other accounts.
I could open this one now by the looks of it.
Would anyone bother sticking £20 in per month  just for the hell of it?
 

I would stick in as much as I can.  The interest rate is great and when it starts dropping in line with base rates it will be still very desirable.  
I think it is an innovative product, I can't remember seeing RS trackers before.  
I can't apply because I already have the previous 7% issue, otherwise I would.

flaneurs_lobster

Bob2000 said:

RE: SKIPTON R.S. MEMBERS  ACCOUNT  ISSUE 4.

Would anyone bother sticking £20 in per month  just for the hell of it?
 

Unless that £20 could be earning more elsewhere than the Skipton account pays then yes I would.

Bridlington1

spreadsheeterapple said:

Skipton Member Regular Saver issue 3 at 7% fixed NLA

new issue 4 up now, different interest rate terms, this one is variable and tied to base rate, check below.

Member Regular Saver Issue 4	No withdrawals, early closure allowed. Exclusively for Skipton members who joined on or before 20/01/25.	Save from £1. If you save the   maximum of £250 a month for the   12 month term, your savings   including interest could total   £3,109	6.75%gross pa/AER   variable for 12 months.   Tracks 2.00% above Bank of England base rate for 12   months

• You can only hold one Member Regular Saver in your name at any one time (either a Member Regular Saver or a Branch Member Regular Saver)
• Joint accounts aren’t allowed

It's worth noting that with Skipton they begin the account term from the day of first deposit rather than the day you apply for the account (one of a minority of providers to do this) so for those applying this is an account I'd be inclined to open ASAP to be honest even if you intend to delay funding till the end of the month.

Alternatively you could open/fund the account now and then ``refresh" at the end of the month.

where_are_we

Skipton Member RS Issue 4 @6.75% variable. My Skipton Member RS Issue 3 @7% fixed matures in late May so I can`t apply for Issue 4. As Masonic comments Issue 4 @6.75% is unlikely to be withdrawn any time soon especially because the interest rate is variable. I will keep my Issue 3 @7% fixed until maturity and probably open Issue 4 then. I see no advantage in closing my 7% fixed Issue 3 early, opening Issue 4@6.75% variable and accepting a lower return.

shirley999

Do we think it’s significant that Principality are performing maintenance at this time of day, without giving advance notice?  Please.

Bridlington1

shirley999 said:

Do we think it’s significant that Principality are performing maintenance at this time of day, without giving advance notice?  Please.

They've been performing maintenance at this time of the day without notice for months, possibly years to my knowledge so I wouldn't read too much into it.