The Top Regular Savers Discussion Thread

Middle_Sister

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.

Same here.

Middle_Sister

Digital_Payback 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.

You are not being selected for special treatment. I got the same email. 

I had sent the application form with copy of my driving licence, and my cheque was written on the same nominated personal account, payable to myself.
The received email said they could not verify my account. Go figure!
I have now sent a downloaded PDF of my bank statement by email to the Scottish B.S. 
Not too hard to do. Hopefully that’ll allow the account to be opened. 

Same for me. 

soulsaver

Aidanmc said:

kaMelo said:

Aidanmc said:

MHBS fixed term RS 30/11/25
Was looking at terms on wayback machine, says max balance 3k?
Mine already has 3500 + some interest already added?
Just wondering if we can make another deposit in November.

If I remember correctly, they amended the terms to £3750 when it was pointed out to them it was possible to exceed £3000 due to the term length of the account.

I must have missed all that or just forgot. So we can deposit in November to bring balance to £3750 + whatever interest thats already there

Reminder: They have a £250 pm limit across 2 reg savers. I had 3 accounts shut down but judging by posts on here not everyone got enforced. 

Kim_13

chris_the_bee said:

Snapdragon said:

Bobblehat said:

subjecttocontract said:

Yes MHBS regular saver has a 15 month term.
I won't be renewing my reg saver with them at the end of November cos they are not currently offering one.

There are 3 on their website?

The newer ones are branch only whereas last year we were able to open them without being near a branch, hence I also won't be able to renew this one.

Market Harborough

There is:- Fixed Term Regular Saver (30.09.2026) @ 5.8% is not Branch Only.

The 5.8% is also branch opening only, though it is not obvious from the account name as with the 6% version.

The only RS they are currently offering online is the one paying a soon to be even more insulting 2.65%.

chris_the_bee

Kim_13 said:

chris_the_bee said:

Snapdragon said:

Bobblehat said:

subjecttocontract said:

Yes MHBS regular saver has a 15 month term.
I won't be renewing my reg saver with them at the end of November cos they are not currently offering one.

There are 3 on their website?

The newer ones are branch only whereas last year we were able to open them without being near a branch, hence I also won't be able to renew this one.

Market Harborough

There is:- Fixed Term Regular Saver (30.09.2026) @ 5.8% is not Branch Only.

The 5.8% is also branch opening only, though it is not obvious from the account name as with the 6% version.

The only RS they are currently offering online is the one paying a soon to be even more insulting 2.65%.

Ooops. Sorry

Middle_Sister

I have a Coventry Loyalty (3) Regular Saver paying 4.9%. I currently pay in £250 a month but want to reduce this to the minimum payment allowed but I can't find out what that is.  I don't think I should close it.  I want to open a new regular saver with Progressive paying 7%.  Any advice please?

janusd

Middle_Sister said:

I have a Coventry Loyalty (3) Regular Saver paying 4.9%. I currently pay in £250 a month but want to reduce this to the minimum payment allowed but I can't find out what that is.  I don't think I should close it.  I want to open a new regular saver with Progressive paying 7%.  Any advice please?

you can find a link to the archived page at Coventry in the thread below...
The Archived History Of Regular Savers Thread *** NO CHAT*** — MoneySavingExpert Forum
it's £1 per month.

SJMALBA

Middle_Sister said:

I have a Coventry Loyalty (3) Regular Saver paying 4.9%. I currently pay in £250 a month but want to reduce this to the minimum payment allowed but I can't find out what that is.  I don't think I should close it.  I want to open a new regular saver with Progressive paying 7%.  Any advice please?

From the KPI: 

Kim_13

Middle_Sister said:

I have a Coventry Loyalty (3) Regular Saver paying 4.9%. I currently pay in £250 a month but want to reduce this to the minimum payment allowed but I can't find out what that is.  I don't think I should close it.  I want to open a new regular saver with Progressive paying 7%.  Any advice please?

Minimum payment is £0, you just can't close without a penalty unless they further reduce the rate. I had one that I didn't pay into beyond the £100 required for the prize draw entry.

Middle_Sister

Kim_13 said:

Middle_Sister said:

I have a Coventry Loyalty (3) Regular Saver paying 4.9%. I currently pay in £250 a month but want to reduce this to the minimum payment allowed but I can't find out what that is.  I don't think I should close it.  I want to open a new regular saver with Progressive paying 7%.  Any advice please?

Minimum payment is £0, you just can't close without a penalty unless they further reduce the rate. I had one that I didn't pay into beyond the £100 required for the prize draw entry.

I think I'll keep it running but reduce the payment to £1.  Many thanks.