The Top Regular Savers Discussion Thread

Bridlington1

Middle_Sister said:

janusd 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?

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.

I see one paying 5% so I think I'll keep it running but reduce the payment to £1.  Many thanks

The one showing as 5% is the Loyalty RS Issue 3. One thing to note is that variable interest rates on the archived thread may not be correct as the Ts&Cs are only archived when the accounts are available so variable rates may have been changed after the terms were archived.

Most of the more recent cuts to the interest rates have been captured on the list of Regular Saver Interest Rate Changes Announced As A Result Of BOE Base Rate Changes further down the page on the Archived Thread:
https://forums.moneysavingexpert.com/discussion/comment/80268180/#Comment_80268180

The account in question saw its rate reduced from 5% to 4.9% on 1/9/25 following the BOE Base Rate Cut on 7/8/25.

subjecttocontract

Kim_13 said:

CricketLady said:

Middle_Sister said:

SJMALBA 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?

From the KPI: 

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

Hi Middle Sister, might it be worth reducing to £10 per month as I think this is the amount that triggers your entry into their monthly saver draw.  You might be lucky!

xx

It is the Sunny Day Saver (2) at 4.3% with the monthly draws for paying in £10 per month. The Loyalty Regular Saver (3) was a one off draw only, for paying in £100 by a cut off in May 2025. 

The Sunny Day Saver at £10 a month does give you a chance in the prize draw. At 4.3% it's the only reason I've got the account.

Kim_13

subjecttocontract said:

Kim_13 said:

CricketLady said:

Middle_Sister said:

SJMALBA 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?

From the KPI: 

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

Hi Middle Sister, might it be worth reducing to £10 per month as I think this is the amount that triggers your entry into their monthly saver draw.  You might be lucky!

xx

It is the Sunny Day Saver (2) at 4.3% with the monthly draws for paying in £10 per month. The Loyalty Regular Saver (3) was a one off draw only, for paying in £100 by a cut off in May 2025. 

The Sunny Day Saver at £10 a month does give you a chance in the prize draw. At 4.3% it's the only reason I've got the account.

I never said it didn’t and have it for the same reason. As I explained, it is that account with the monthly draws and not the Loyalty Regular Saver 3.

daz378

I opened a progressive account last night had to verify account with passport photo and NHS number....within in hour accepted and first 200 put in

daz378

Santander  have warned me may lose my 4% edge saver...unless I upgrade to edge saver explorer current account cost of 18 pound monthly you do get benefits dont think it worth it though

surreysaver

daz378 said:

I opened a progressive account last night had to verify account with passport photo and NHS number....within in hour accepted and first 200 put in

How would your NHS number verify your ID? Do non-NHS organisations have access to it?

Slinky

daz378 said:

Santander  have warned me may lose my 4% edge saver...unless I upgrade to edge saver explorer current account cost of 18 pound monthly you do get benefits dont think it worth it though

Oooerr! Do you have anything like the 123 account as well as your Edge accounts?

surreysaver

daz378 said:

Santander  have warned me may lose my 4% edge saver...unless I upgrade to edge saver explorer current account cost of 18 pound monthly you do get benefits dont think it worth it though

Have you got an Edge Current Account?

daz378

Sorry national insurance number...yes edge current account...will try to set up a few  more regular savers

jameseonline

daz378 said:

Santander  have warned me may lose my 4% edge saver...unless I upgrade to edge saver explorer current account cost of 18 pound monthly you do get benefits dont think it worth it though

4%?, well that's a pathetic rate, I wouldn't be that bothered tbh, pretty sure you can get a better edge saver rate anyway.

Edge Explorer is a new account as far as I'm aware.

Do you have a standard Edge Current account?

How have they warned you?