The Top Regular Savers Discussion Thread

happybagger

35har1old said:

castle96 said:

Anyone managed to open the new MARKET HARB 5.8% fixed RS (branch only) as an online jobby?

Sent a secure message saying being disappointed that it was only branch based
Very prompt reply stating that they weren't a 
nationwide building society and the previously issue had been in high demand and they where now concentrating on the providing accounts for the local community 

Nice enough response. At least they are not imposing postcode restrictions. 
Same with Hanley.

I think if people take the p too much they "do a Vernon", ie go postcode or existing members first, and maybe tighten further to postcode only.

Dizzycap

mhoc said:

Just logged onto LLoyds and there is a notice that I will soon be able to see my Halifax accounts as well.

How will they manage to merge the 2 - will they do some sort of name and address sweep?
But what happens if you have a different email and/or mobile assigned to your Halifax than your LLoyds? 

I know that they seem to think it will make things somehow easier for customers but for me I like to have things seperate and change often seems like a negative thing. 
Also I am worried whether in the future having both LLoyds regular savers and Halifax regular saver will even be allowed - even though they are all completely different  

I've been able to see all 3 'umbrella' connected accounts in my Lloyds, Halifax & BoS Apps for a number of months. You can see all financial information of the 3 together; regardless of which you use, but you can only make transactions using the appropriate banking app for a particular associated bank.

TBH, other than knowing the full balances of all 3 banks together, I personally find it confusing at times, and would prefer to see separate info in each banking app.

happybagger

shirley999 said:

Bridlington1 said:

With regards to the Manchester BS Regular Saver Issue 1 at 5.5%, I just thought I'd mention my experience below in case anyone's interested in refreshing their account:

I requested this account be closed yesterday at around 8pm, the account was closed this morning and the funds arrived in my nominated account at some point today, I don't know precisely when they arrived as I was at work.

I have now been able to open a new account at around 5:30pm today, the account now shows in online banking, therefore it would seem their systems behave near identically to Newcastle BS with respect to refreshing accounts.

A warning did pop up when closing the account saying that if it is my only account, online banking would be disabled, so if refreshing the account I would be inclined to ensure you have another account with them before closing your account (in my case I've retained a rainy day saver with £1) to save having to set up online banking again.

I'm going into branch to open the festive saver, weather permitting, at which the gentleman advised me I would get a free colourful umbrella if I open their rainy day saver.

I'm heading there next week. did you make an appointment? not sure if be able to as I've got to work around other stuff. Debated opening the RDS too, to collect the maturity funds.

nottsphil

Loughborough BS
I cannot find the 1 year Super Saver (max £2000pm) on page 1 of this thread, nor is it amongst those removed from the lists. 
Can somebody tell me what the minimum monthly payment is please, and if it is still 6%.

gt94sss2

nottsphil said:

Loughborough BS
I cannot find the 1 year Super Saver (max £2000pm) on page 1 of this thread, nor is it amongst those removed from the lists. 
Can somebody tell me what the minimum monthly payment is please, and if it is still 6%.

The minimum is £1000 and it is still 6%

happybagger

nottsphil said:

Loughborough BS
I cannot find the 1 year Super Saver (max £2000pm) on page 1 of this thread, nor is it amongst those removed from the lists. 
Can somebody tell me what the minimum monthly payment is please, and if it is still 6%.

for reference 

Found this in the list on no chat p1

https://web.archive.org/web/20250427163432/https://www.theloughborough.co.uk/savings/limited-access/one-year-super-saver#content_sections_1_section_title

Born2Save_3

nottsphil said:

Loughborough BS
I cannot find the 1 year Super Saver (max £2000pm) on page 1 of this thread, nor is it amongst those removed from the lists. 
Can somebody tell me what the minimum monthly payment is please, and if it is still 6%.

The Summary says :

"If the required 12 monthly deposits are not made, the account will be transferred to an Instant Access Saver 1."

But do they really do that, especially if you've made £2K deposits some/all months ?  And it doesn't really say how interest would be accrued.  Would it be RS rate up to the missed month or just Instant Access Saver rate (probably 1%) from the first RS deposit ?

On a positive note; there is a ray of hope for Loughborough online access. Last time I called LBS and did some fishing, I was told that they are receiving a new computer system next year (2026), and it's likely it will have the capability to provide online access for customers.  But don't hold your breath.

Born2Save_3

s71hj said:

Kim_13 said:

s71hj said:

flaneurs_lobster said:

s71hj said:

Happened to be Market Harborough so popped in and opened the branch 5.8% RS. My current one matures Sunday. Am I correct I can't fund the new one until after the old one matures on Sunday? 

You were in the branch, you opened the account, they didn't ask if you wanted to add funds and you didn't ask if you could?

I did and he said I could and I said I thought it might not be allowed and he said I was right and he seemed uncertain about that and various things. It was hard to hear him through the screen. We were pushed for time and just glad to get it opened, but only just in the time we had available. We won't be here again before Christmas and I know people on here would give a much more reliable answer. 

By the letter of their terms it would depend on if and by how much you had funded your current one this month? If you had funded the current one £250 you would have to wait until December, but if you had only funded £10 you could do £240. 

In reality you could probably do the full £250 now regardless, as the other will have matured by the time they would get around to asking which account you want the excess contribution to be removed from. 

Thanks. I may well chance it. Sounds like the consequences are at worst minimal and at best non existent . Ideally I'd have opened early December but won't be here again until close to the end of the month and it may get withdrawn as well before then 

I'm on the MHBS naughty list.  I use to have 4 RS and fully funded them every month. I lost 2 in the recent too many accounts cull, as did some other forumites here.  Following this, I can only fund the 1 account, but every month I also do a full transfer to the 2nd account.  And it bounces.  I think it is a MHBS manual process and it only happens because I'm on the naughty list.  I think if you're not on the list you can 'fill your boots', as I use to.  The worst that will happen is a bounce, nothing more in my experience.

I'm having second thoughts now about writing the above as I've got an RS with them maturing in a few days...

10_66

Born2Save_3 said:

nottsphil said:

Loughborough BS
I cannot find the 1 year Super Saver (max £2000pm) on page 1 of this thread, nor is it amongst those removed from the lists. 
Can somebody tell me what the minimum monthly payment is please, and if it is still 6%.

The Summary says :

"If the required 12 monthly deposits are not made, the account will be transferred to an Instant Access Saver 1."

But do they really do that, especially if you've made £2K deposits some/all months ?  And it doesn't really say how interest would be accrued.  Would it be RS rate up to the missed month or just Instant Access Saver rate (probably 1%) from the first RS deposit ?…

Yes, if a month is missed they definitely transfer it as this happened to me. I deliberately missed the payment, no reminder is issued, just a letter to confirm the transfer.  Full interest paid up to closure date.

Dizzycap

Born2Save_3 said:

s71hj said:

Kim_13 said:

s71hj said:

flaneurs_lobster said:

s71hj said:

Happened to be Market Harborough so popped in and opened the branch 5.8% RS. My current one matures Sunday. Am I correct I can't fund the new one until after the old one matures on Sunday? 

You were in the branch, you opened the account, they didn't ask if you wanted to add funds and you didn't ask if you could?

I did and he said I could and I said I thought it might not be allowed and he said I was right and he seemed uncertain about that and various things. It was hard to hear him through the screen. We were pushed for time and just glad to get it opened, but only just in the time we had available. We won't be here again before Christmas and I know people on here would give a much more reliable answer. 

By the letter of their terms it would depend on if and by how much you had funded your current one this month? If you had funded the current one £250 you would have to wait until December, but if you had only funded £10 you could do £240. 

In reality you could probably do the full £250 now regardless, as the other will have matured by the time they would get around to asking which account you want the excess contribution to be removed from. 

Thanks. I may well chance it. Sounds like the consequences are at worst minimal and at best non existent . Ideally I'd have opened early December but won't be here again until close to the end of the month and it may get withdrawn as well before then 

I'm on the MHBS naughty list.  I use to have 4 RS and fully funded them every month. I lost 2 in the recent too many accounts cull, as did some other forumites here.  Following this, I can only fund the 1 account, but every month I also do a full transfer to the 2nd account.  And it bounces.  I think it is a MHBS manual process and it only happens because I'm on the naughty list.  I think if you're not on the list you can 'fill your boots', as I use to.  The worst that will happen is a bounce, nothing more in my experience.

I'm having second thoughts now about writing the above as I've got an RS with them maturing in a few days...

I'm in the same boat with extactly the same issues. The MHBS RS that's maturing at the end of this month hasn't been funded since my culling in August. They send 2 letters saying if I didn't fund the November maturing RS; which still has around £800 in it, it would be closed, so I let it ride without funding and absolutely nothing has happened for months . MHBS sent me a 3rd letter last week to say that they would be closing the non-funded maturing November RS at the end of November due to non-funding. 3rd letter received once I had opted for full closure in my maturity instructions confirmed online     -  Seriously?!   )