The Top Regular Savers Discussion Thread

Bob2000

flaneurs_lobster said:

Hattie627 said:

For accounts maturing on 30th November, online maturity instructions are now available, including 6 month RS Issue 4 and 2026 Christmas RS

Indeed they are. 

Which of the two should I choose?

Well, I've just applied  for a second Crimbo RS. Wait and see now if l get found out.

happybagger

s71hj said:

I have opened a Mansfield e saver 30 joint account £10 a month 3.6%to give a foothold in that institution. Looking at their accounts I'm now wondering if that would give us both access to their 5.25% saver as an "existing member" ? 

One year membership required for that.
When mine matured last year I called in branch to renew it by opening another and withdrawing the rest. They did it but weren't keen "that's not what we're meant to do, as the account isn't a 1yr account but the bonus only lasts for a year".

I suggested they should just leave the bonus to continue and that would save the need for messing about. In the end they opened a new one and I got the balance.

surreysaver

flaneurs_lobster said:

Hattie627 said:

For accounts maturing on 30th November, online maturity instructions are now available, including 6 month RS Issue 4 and 2026 Christmas RS

Indeed they are. 

Which of the two should I choose?

Prinky
 It's all a bit of a gamble, because it all depends upon what accounts and interest rates are available in six months time!
I might to the Christmas one, as I applied for the Six Month one as a maturity instruction the other day. Get the best and worst of both worlds then

Bobblehat

flaneurs_lobster said:

Hattie627 said:

For accounts maturing on 30th November, online maturity instructions are now available, including 6 month RS Issue 4 and 2026 Christmas RS

Indeed they are. 

Which of the two should I choose?

Could you do this?

jameseonline said:

rallycurve said:

Principality BS

Regarding the renewal of a matured RS, would it be better to renew to an additional 6 month regular saver at 7.50% (£200 pm) or go with an additional Christmas regular saver at 6.50% (£150pm) but lasting for a full year? 

I am assuming it'll be possible to have multiple Christmas RS too via maturity instructions

Get an additional 6 month as maturity & you can apply for the Xmas separately, best of both worlds😊

Maybe?

clairec666

flaneurs_lobster said:

Hattie627 said:

For accounts maturing on 30th November, online maturity instructions are now available, including 6 month RS Issue 4 and 2026 Christmas RS

Indeed they are. 

Which of the two should I choose?

Principality - depends a lot on your personal circumstances and if you have excess capacity which you can't fill in other regular savers.

One benefit of the Christmas account is that the rate is fixed for a year. When the time comes to renew the 6 month account, the rate could well have dropped.

I've made a little update to my spreadsheet - as well as adjusting the Gross/AER interest rate as someone rightly suggested, I've also altered the interest rate for the 2nd half of the year to 7% AER for the 6 month account, which seems a fairly realistic scenario. In this case, the 6 month account wins if your easy access drip-feeder pays 4.2% or higher. Otherwise, Christmas wins.

WillPS

happybagger said:

s71hj said:

I have opened a Mansfield e saver 30 joint account £10 a month 3.6%to give a foothold in that institution. Looking at their accounts I'm now wondering if that would give us both access to their 5.25% saver as an "existing member" ? 

One year membership required for that.
When mine matured last year I called in branch to renew it by opening another and withdrawing the rest. They did it but weren't keen "that's not what we're meant to do, as the account isn't a 1yr account but the bonus only lasts for a year".

I suggested they should just leave the bonus to continue and that would save the need for messing about. In the end they opened a new one and I got the balance.

Sorry to hear about this, I can't bear it when staff get huffy like this. The product allows early closure, that's pretty much all there is to it unless they want to reject a new application from you.