The Top Regular Savers Discussion Thread

CricketLady

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
Edited to add: I am wrong, sorry about that!

liamcov

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

Yes it is a min of £10 a month for the prize draw. 

flaneurs_lobster

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

Might want to check that, my spreadsheet (which has been wrong) says that it's the Sunny Day Saver (2) that'll give you a draw entry for a tenner a month.

Aidanmc

Nationwide RS
Might need to free up some funds by end of month, my Nationwide RS is due to mature next month so i was going to refresh it.
Is it usually the day after closure request that a new RS can be opened?

Kim_13

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. 

CricketLady

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. 

Thank you Kim_13, and sorry Middle Sister, Kim_13 is right 
xxx

GetRichOrDieSaving

Aidanmc said:

Nationwide RS
Might need to free up some funds by end of month, my Nationwide RS is due to mature next month so i was going to refresh it.
Is it usually the day after closure request that a new RS can be opened?

Yes, day after usually works just fine.

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.