The Top Regular Savers Discussion Thread

Born2Save_3

Bridlington1 said:

s71hj said:

Bridlington1 said:

Kim_13 said:

Possibly a Principality - a discovered link will submit an application but start the account term clock ticking, while no deposits are accepted until the account officially launches.

That's correct, specifically their Regular Saver Issue 33 at 5.5%, though no deposits were able to be received until the day of launch and they were dated as the day of launch, maturity date was the date of opening though so from that point of view I would advise against it.

Not only that myself and those others who opened the account early got emails from Principality on the day of launch saying they'd noticed we'd opened the accounts before they were launched but could now use them since they were live, so it might not be worth drawing too much attention to yourself if you're in the habit of having duplicate accounts with them.

I don't want to draw the attention of any human contact with Principality! Are there any other societies where it is worth opening a low initial deposit account to get a membership and foothold in the event of good regular savers being launched? I know West Brom and Nottingham (and of course Dudley!) are examples. As it's gone a bit quiet in terms of new accounts I'm trying to do some future planning groundwork! 

The following building societies to my knowledge have restricted some regular savers to those who have been members for however long and/or have restricted accounts to existing members only unless you live in certain parts of the country:

Bath BS

Cambridge BS

Coventry BS

Darlington BS

ESBS

Leek BS

Mansfield BS

Market Harborough BS

Monmouthshire BS

Nationwide

Newbury BS

Newcastle BS

Penrith BS
Principality BS

Progressive BS

Saffron BS

Scottish BS

Skipton

Suffolk BS

Vernon BS

West Brom BS

YBS

Coventry have a habit of launching loyalty regular savers with a cut off of 1st January of a particular year so is a good one to open an account with seen as we're nearing the end of the year.

In June Saffron offered a refer-a-friend RS for new customers only as well as loyalty RS for existing customers who'd been a member for however long though so it's up to you to decide whether you think it's worth holding off in case they launch another refer-a-friend RS or if you think they won't launch another RAF RS and think it better to open an account now in the hope of potentially qualifying for loyalty RSs sooner.

I've opened accounts with some on the list for specifically the reason of passing time to get a RS or to be able to open one if one is offered.  Cambridge BS want you to be a member for a year before being able to open their attractive but lower rate RS and three years for their most attractive higher rate RS.  Well I hope this is still so with Cambridge BS as 12 months is coming up soon.

Not RS related but BathBS has a really innovative mortgage for students; pity I'm not a student, or if I could be for less than the cost of council tax it would be worth it.

I've been a member of DarlingtonBS for a long time, but I don't recall any member or local residence exclusive RS accounts recently, but I may be wrong.

Kim_13

Not sure there's been a must have Bath BS RS for anyone over the age of 25.

Cambridge BS have a relatively high minimum (£100) though £1 if under 21 to open the First Account. I didn't mind the £100 minimum when I opened it as I used it to secure Halifax fivers for a time.

PloughmansLunch

Does anyone know when Vernon last offered a non-postcode-restricted RS to existing customers? I've been with them for quite a while in the hope of something eventually popping up.

Bridlington1

PloughmansLunch said:

Does anyone know when Vernon last offered a non-postcode-restricted RS to existing customers? I've been with them for quite a while in the hope of something eventually popping up.

Their existing Online Regular Saver at 5.75% is was available to existing members who've been a member constantly since prior to 1/5/24.

ForumUser7

Bridlington1 said:

PloughmansLunch said:

Does anyone know when Vernon last offered a non-postcode-restricted RS to existing customers? I've been with them for quite a while in the hope of something eventually popping up.

Their existing Online Regular Saver at 6.5% is available to existing members who've been a member constantly since prior to 1/5/24.

Where does it say that? Maybe they've changed it again now, but it still seems to list the postcode requirement

PloughmansLunch

Bridlington1 said:

PloughmansLunch said:

Does anyone know when Vernon last offered a non-postcode-restricted RS to existing customers? I've been with them for quite a while in the hope of something eventually popping up.

Their existing Online Regular Saver at 6.5% is available to existing members who've been a member constantly since prior to 1/5/24.

But it's restricted to those who live in postcodes: BL, CH, CW, M, OL, SK, WA or WN. I'm sure they have done a general loyalty RS in the past? Maybe I'm being optimistic or confusing them with another building society

ForumUser7

Bridlington1 said:

PloughmansLunch said:

Does anyone know when Vernon last offered a non-postcode-restricted RS to existing customers? I've been with them for quite a while in the hope of something eventually popping up.

Their existing Online Regular Saver at 6.5% is available to existing members who've been a member constantly since prior to 1/5/24.

It also seems to be 5.75%

happybagger

Re: Vernon
That Online RS was, at launch, available to existing members AND locals, but soon went locals only

Bridlington1

ForumUser7 said:

Bridlington1 said:

PloughmansLunch said:

Does anyone know when Vernon last offered a non-postcode-restricted RS to existing customers? I've been with them for quite a while in the hope of something eventually popping up.

Their existing Online Regular Saver at 6.5% is available to existing members who've been a member constantly since prior to 1/5/24.

It also seems to be 5.75%

You are quite correct, I seem to be going round the twist.

happybagger said:

Re: Vernon
That Online RS was, at launch, available to existing members AND locals, but soon went locals only

The summary box still stated 1/5/24 when this thread was launched but you're correct, the term appears to've now been dropped.

jameseonline

Just submitted my maturity instructions for my Principality 6 month ending on 30th November, option 2, £200 into a "new" Issue 4.

Hopefully that will go ahead like my previous instruction.

Next go for yet another issue 4 is for an account ending on 10th December