The Top Regular Savers Discussion Thread

wmb194

granta said:

Melton BS - new login

I saw some posts earlier about having to set up a new login for Melton BS. I haven't received any emails outlining the process/new user ID etc. Do I need to wait for a notification first? If not, can someone please summarise the best process to follow?

Follow the step by step guide on the page below. Note the section on your account number and for your telephone number omit the leading zero.

https://www.themelton.co.uk/how-to-register/

roked

Bridlington1 said:

YBS 50 Pound Regular Savers at 6% have disappeared from moneyfacts suggesting they shall go NLA within hours.

Accounts remail available for now.

Completely forgot to apply for this, cant seem to find a sneaky way to still apply either, Ah well, snooze and you lose....

Bridlington1

roked said:

Bridlington1 said:

YBS 50 Pound Regular Savers at 6% have disappeared from moneyfacts suggesting they shall go NLA within hours.

Accounts remail available for now.

Completely forgot to apply for this, cant seem to find a sneaky way to still apply either, Ah well, snooze and you lose....

You may be able to sneak in if you apply by for the branch/post version ASAP and backdate everything to yesterday. Once opened the account can be managed online.

Ts&Cs:
https://web.archive.org/web/20250918165604/https://www.ybs.co.uk/documents/productdata/Factsheet-YB572003B.pdf

Application form:
https://www.ybs.co.uk/documents/productdata/Application-YB572003B.pdf

ChewyyBacca

Stargunner said:

ChewyyBacca said:

Suffolk BS Reg Saver Online 1 Year Variable Rate Regular Saver (31.03.2026)

Since they reduced rate to 4.6%, I sent a msg to close the account on 1 Oct
On 2 Oct, acct disappeared from Online system
Proceeds received on 7 Oct. 
Im told from 1 Oct to 2 Oct, the balance earned 1.85%. Im assuming the outstanding balance didnt earn anything from 2 Oct to 6 Oct.

Is this as per their Ts&Cs?

The rate chaser in me is peeved that I lost interest for 6 days.Anyone has those handy excel sheets to input numbers so that I see how much I should have received?

I don’t know what your balance was, but as an example, if it was £3000, then you have only lost out on approx 15p per day on a interest rate of 1.85%, so you don’t need to be too peeved.

Regular Saver rate was 4.6%, why would they payout at 1.85%?

Bobblehat

clairec666 said:

dibbles212 said:

cheekyweegit said:

Kim_13 said:

s71hj said:

Interested in people's thoughts. Based on something I read on here I'm thinking of opening Principality RS accounts 1 Yr bond at 4.85%and 1 Yr triple access at 4.95%. Both below my normal threshold but idea was to fund at £1 and hopefully be able to gain something profitable as a maturity option, given that Principality seem to have loopholes in their maturity policy. Is there anything wrong with this strategy? 

1 Year Triple Access did not have any maturity options when 2024's early accounts matured this year (April I believe.) Has anyone had one maturing with options since?

Mine is due to mature 02.11.2025 so bit early for maturity instructions if you indeed get any.  This is my first Triple access so I'll see what happens.

My Christmas Regular Saver matures 25.10.25 so might get something in next day or two for that.

I also have a 6 month Regular Saver Issue 3 maturing on 01.11.25 so still a bit early

Then next is another 6 month Regular Saver Issue 3 on 10.12.25 and I'm going to try and sneak an extra payment in for the 10 days until it matures.

I'm hoping to try and get another couple of Issue 4 6 month savers, currently have 2 x issue 3 and 2 x issue 4.  Any more via maturity is a bonus and my other two 6 month Issue 4 regular savers don't mature until February & March next year.

Could someone please explain how to get multiple accounts of the same issue? 👀

Principality's T&Cs state that you can only have one of each issue. The current issue is issue 4, so if you've only got an issue 3, you can open one. Simple. When issue 3 matures, you'll be offered maturity options, one of which is to open a new regular saver with some of your matured funds, withdrawing the rest. If you select this option, you could get a new issue 4, alongside your existing one, because Principality's system doesn't automatically pick up the fact that you should be ineligible. Sometimes it doesn't work, but that's a story for another day.

Rinse and repeat. When your two issue 4s reach maturity, you may have already been able to open an issue 5 manually, so could end up with 3 altogether. And so on.

I'm still a bit unsure about my best options as my Xmas RS approaches maturity on 24/10. The only other Principality account I have is the EA 3 Access with a £1 in it which I only keep now as a foot-in-the-door account.

Should I open a 6 month RS Iss 4 before the Xmas RS matures in order to possibly grab a 2nd 6 month RS as a maturity option? Should I open the 6 month RS Iss 4 now even if I'm not offered a 2nd one as a maturity option, but offered a hypothetical new Winter maturity RS (re: Kim_13) instead ? I am financially able to fund either possibility as I'm trying to reduce my Chase Boosted EA holdings.

Also, where does the previously mentioned "1 year regular saver bond" (Re: Kermchem) fit into any plan? Could I open that in addition to either of the two possibilities above? I realise the current rates of this and the Chase EA are similar, but the Saver Bond is fixed.

What would you do if you were able to fund all three (or more!)? Would you "Go for it"? TIA for your thoughts.

For a complete picture, I'm also likely to open the Scottish Online RS (once released) and I'm about to apply for the Zopa RS too! BTW, this isn't just an attempt to climb up the RS table in the other RS thread, I'm just trying to make better use of EA funds!   

alfred64

Tipton had a decent rate regular saver in 2023, but haven't issued one since. I suggested it might be a good move to become competitive with other local societies (Dudley; West brom). 
 Here's the reply:

       The Society is not currently offering a Regular Saver account. This product is made available only during specific promotional periods, and its reissue is not guaranteed. Promotional products are determined by criteria set at the time of launch, which may include factors such as account activity, product availability, and broader marketing strategy.

 

We regularly review our product range to make sure they’re still working well for our members. That means we consider interest rates, ensure they still offer good value, are easy to use, and meet our members’ needs.

 

We also make sure they follow the latest financial rules and reflect changes in the economy, like the Bank of England’s rate.

 

Thank you for contacting us. We greatly value feedback like yours, as it plays a vital role in helping us enhance our services and make continuous improvements.

                          

BestSeagull

ChewyyBacca said:

Suffolk BS Reg Saver Online 1 Year Variable Rate Regular Saver (31.03.2026)

Since they reduced rate to 4.6%, I sent a msg to close the account on 1 Oct
On 2 Oct, acct disappeared from Online system
Proceeds received on 7 Oct. 
Im told from 1 Oct to 2 Oct, the balance earned 1.85%. Im assuming the outstanding balance didnt earn anything from 2 Oct to 6 Oct.

Is this as per their Ts&Cs?

The rate chaser in me is peeved that I lost interest for 6 days.Anyone has those handy excel sheets to input numbers so that I see how much I should have received?

I had the same thing happen to me. Not because I closed the account early but because I didn't provide them with maturity instructions. Apparently if you do give instructions, the money is received into your nominated account the day after maturity but if you don't, it's the same holding hostage of the funds at that abysmal rate for several days.
So if you have any other of their RS accounts, make sure to give instructions before they mature. 

Bridlington1

alfred64 said:

Tipton had a decent rate regular saver in 2023, but haven't issued one since. I suggested it might be a good move to become competitive with other local societies (Dudley; West brom). 
 Here's the reply:

       The Society is not currently offering a Regular Saver account. This product is made available only during specific promotional periods, and its reissue is not guaranteed. Promotional products are determined by criteria set at the time of launch, which may include factors such as account activity, product availability, and broader marketing strategy.

 

We regularly review our product range to make sure they’re still working well for our members. That means we consider interest rates, ensure they still offer good value, are easy to use, and meet our members’ needs.

 

We also make sure they follow the latest financial rules and reflect changes in the economy, like the Bank of England’s rate.

 

Thank you for contacting us. We greatly value feedback like yours, as it plays a vital role in helping us enhance our services and make continuous improvements.

                          

Worth a shot I suppose. I remember when Monmouthshire BS asked me for feedback in 2023 and I suggested they launch a high interest rate account restricted to existing members to reward loyalty, then a couple of months later they went into meltdown when they launched an 8% Exclusive RS and another 7% RS on the same day (the latter was withdrawn within 24 hours of launch).

BestSeagull

PowerSavingMode said:

BestSeagull said:

BestSeagull said:

qsk said:

Scottish building society. Has anyone who used the freepost address (not envelop) to post your RS application heard anything back? I posted last Friday - haven't heard a thing yet.

I did use the envelope but posted at the same time as you did and have heard nothing yet so hopefully we're in the same pile together.

My cheque has cleared, dated today. 

Scottish Building Society

As did mine. I should think the shiny passbook and account details will follow in the post...

I called them and they gave me my account number so I was able to start the registration process for online access but you still then have to wait for user name and activation key to come in the post. 

clairec666

Bobblehat said:

clairec666 said:

dibbles212 said:

cheekyweegit said:

Kim_13 said:

s71hj said:

Interested in people's thoughts. Based on something I read on here I'm thinking of opening Principality RS accounts 1 Yr bond at 4.85%and 1 Yr triple access at 4.95%. Both below my normal threshold but idea was to fund at £1 and hopefully be able to gain something profitable as a maturity option, given that Principality seem to have loopholes in their maturity policy. Is there anything wrong with this strategy? 

1 Year Triple Access did not have any maturity options when 2024's early accounts matured this year (April I believe.) Has anyone had one maturing with options since?

Mine is due to mature 02.11.2025 so bit early for maturity instructions if you indeed get any.  This is my first Triple access so I'll see what happens.

My Christmas Regular Saver matures 25.10.25 so might get something in next day or two for that.

I also have a 6 month Regular Saver Issue 3 maturing on 01.11.25 so still a bit early

Then next is another 6 month Regular Saver Issue 3 on 10.12.25 and I'm going to try and sneak an extra payment in for the 10 days until it matures.

I'm hoping to try and get another couple of Issue 4 6 month savers, currently have 2 x issue 3 and 2 x issue 4.  Any more via maturity is a bonus and my other two 6 month Issue 4 regular savers don't mature until February & March next year.

Could someone please explain how to get multiple accounts of the same issue? 👀

Principality's T&Cs state that you can only have one of each issue. The current issue is issue 4, so if you've only got an issue 3, you can open one. Simple. When issue 3 matures, you'll be offered maturity options, one of which is to open a new regular saver with some of your matured funds, withdrawing the rest. If you select this option, you could get a new issue 4, alongside your existing one, because Principality's system doesn't automatically pick up the fact that you should be ineligible. Sometimes it doesn't work, but that's a story for another day.

Rinse and repeat. When your two issue 4s reach maturity, you may have already been able to open an issue 5 manually, so could end up with 3 altogether. And so on.

I'm still a bit unsure about my best options as my Xmas RS approaches maturity on 24/10. The only other Principality account I have is the EA 3 Access with a £1 in it which I only keep now as a foot-in-the-door account.

Should I open a 6 month RS Iss 4 before the Xmas RS matures in order to possibly grab a 2nd 6 month RS as a maturity option? Should I open the 6 month RS Iss 4 now even if I'm not offered a 2nd one as a maturity option, but offered a hypothetical new Winter maturity RS (re: Kim_13) instead ? I am financially able to fund either possibility as I'm trying to reduce my Chase Boosted EA holdings.

Also, where does the previously mentioned "1 year regular saver bond" (Re: Kermchem) fit into any plan? Could I open that in addition to either of the two possibilities above? I realise the current rates of this and the Chase EA are similar, but the Saver Bond is fixed.

What would you do if you were able to fund all three (or more!)? Would you "Go for it"? TIA for your thoughts.

For a complete picture, I'm also likely to open the Scottish Online RS (once released) and I'm about to apply for the Zopa RS too! BTW, this isn't just an attempt to climb up the RS table in the other RS thread, I'm just trying to make better use of EA funds!   

Well, the simple answer to "should I open an account offering 7.5% interest if I've got the funds" is "yes", regardless of maturity options
(unless you're not keen on the 6 month term)
I'm surprised that a regular saver pro like yourself hasn't jumped on the "multiple Principality RS" bandwagon yet!

Having said on the other thread that I'd be staying at 18 accounts for the foreseeable future, it'll be difficult to turn down the Scottish BS one once it becomes available online. And I might even end up with an extra Principality account if they're offering another Christmas account next year. I'll have to fund them both by whittling down my Natwest account that had reached £5000.