The Top Regular Savers Discussion Thread

SH88SH88

Skipton RS

Has the eligibility criteria for the Member RS just changed. ?  I'm reasonably sure that previously you had to be a member from approx Jan 25, but now it seems to be 10/11/25 .

However , the T&C's seem to state that you can only hold one RS ... so presumably I'd need to close the ordinary RS in order to open the Member RS (to gain 0.5% per annum). Has this always been the case, or am I misinterpreting the T&C's ??

Bridlington1

SH88SH88 said:

Skipton RS

Has the eligibility criteria for the Member RS just changed. ?  I'm reasonably sure that previously you had to be a member from approx Jan 25, but now it seems to be 10/11/25 .

However , the T&C's seem to state that you can only hold one RS ... so presumably I'd need to close the ordinary RS in order to open the Member RS (to gain 0.5% per annum). Has this always been the case, or am I misinterpreting the T&C's ??

Well spotted, this is a new issue of their Members RS. Both issues pay the same rate but the key differences in the Ts&Cs are as you mention:

Issue 4 allowed you to open the account if you held one of their other regular savers, issue 5 states you can not hold issue 5 alongside any other Skipton RSs, so yes you would need to close the ordinary 5.5% RS to get hold of this one.

The eligibility cut off date has also been moved on like you say.

They have also launched issue 2 of their ordinary Regular Saver (also at 5.5%) with the updated term that "You can only hold one product from [their] Regular Saver range in your name at any one time."

These shall be updated on p1 of this thread later today.

All I can say is that I was lucky to have refreshed both RSs at the turn of the month to free up funds for other RSs, as it means I now have their 5.5% RS and their Member RS Issue 4 until the end of October 2026.

elkyfer

I opened Skipton RS issue 1 in last August, the system does not allow me to open the member one. I am gonna check to close it and open the member one.

I ordered a Nationwide chequebook, looks like does not have fees, Barclays has.

mhoc

Skipton members saver

Please can I ask - I have a Skipton Regular saver issue 1 opened in July 2025 paying 5.5% - from the above discussion it seems I have to close this one - how do I go about doing this?
And there is no penalty for early closure?

And then I can open the members saver 6% the same day or do I wait until the next day? 

Yes I know its only 0.5% more but this actually suits my purpose as the new Skipton members saver will mature in November 2026.
I have nothing maturing that month to feed the next months December 2026 regular saver standing orders. 
Its on my list to refresh the Halifax and possibly also one of the LLoyds bank reg savers later in November with the same purpose. 

I also have Skipton members bonus issue 2 paying a miserable 4.75% opened in June 2025 but that can sit there until I need it. 

elkyfer

No penalties for closing the Skipton RS, but it looks like, they do not pay the interest of the last month's. Member is 0'5% & 50 pounds extra.

DealSeeker11

elkyfer said:

No penalties for closing the Skipton RS, but it looks like, they do not pay the interest of the last month's. Member is 0'5% & 50 pounds extra.

According to their terms interest is calculated daily so you shouldn’t miss the last month’s due to closing?

elkyfer

4.4 If you instruct us to close the account before your interest is due, all the money in the account, together with interest earned, 

will be paid to you when the account is closed.

It looks like they are gonna pay the interest.

Kim_13

mhoc said:

Skipton members saver

Please can I ask - I have a Skipton Regular saver issue 1 opened in July 2025 paying 5.5% - from the above discussion it seems I have to close this one - how do I go about doing this?
And there is no penalty for early closure?

And then I can open the members saver 6% the same day or do I wait until the next day? 

Yes I know its only 0.5% more but this actually suits my purpose as the new Skipton members saver will mature in November 2026.
I have nothing maturing that month to feed the next months December 2026 regular saver standing orders. 
Its on my list to refresh the Halifax and possibly also one of the LLoyds bank reg savers later in November with the same purpose. 

I also have Skipton members bonus issue 2 paying a miserable 4.75% opened in June 2025 but that can sit there until I need it. 

Skipton Member Bonus Saver is not a Regular Saver but an Easy Access with a maximum balance of £5,000, so this compares favourably with other similar accounts. I use it as a holding account between one Regular Saver maturing and the funds being able to be deposited in other Regular Saver, so it serves a purpose, 

The Member Bonus Saver can be held alongside the Skipton Member Regular Saver, yes. It is two Regular Savers that aren’t possible now, regardless of the order they are opened in.

Bridlington1

elkyfer said:

No penalties for closing the Skipton RS, but it looks like, they do not pay the interest of the last month's.

Skipton pays interest until the point the account is closed.

I suspect you're thinking of NatWest and RBS, which do not pay interest for the month of closure.

ChewyyBacca

Bridlington1 said:

elkyfer said:

No penalties for closing the Skipton RS, but it looks like, they do not pay the interest of the last month's.

Skipton pays interest until the point the account is closed.

I suspect you're thinking of NatWest and RBS, which do not pay interest for the month of closure.

This is news for me. If I were to close Natwest Digital RS say on 23 Nov, they wont pay interest on 5K for the 22 days of Nov?