The Top Regular Savers Discussion Thread

Bridlington1

PowerSavingMode said:

PowerSavingMode said:

Dudley Loyalty One Year Regular Saver 

Has anyone managed to 'renew' in any way, shape or form this, please? 

Just wondering whether anyone has successfully refreshed the Dudley Regular Saver...

Apologies, I've never attempted to refresh it, I don't see any reason why you shouldn't be able to though.

The only thing to bear in mind though is that it is branch/post only and the terms do state ``Instructions on your account are required in person, at branch or in writing." Thus I doubt you'd be able to refresh it online.

dealyboy

Bridlington1 said:

GetRichOrDieSaving said:

Call me crazy but I’m holding off on the 5.5% or less accounts for the time being. Anyone else holding out in solidarity? 

I know I will need to stoop down at some point but still have plenty at 6% plus and little funds in EA currently so all good for the time being. 

In my case the two Dudley festive RSs are ones I could well end up funding but their use is probably increased if they're opened a bit later, for branch/post accounts it's easy enough to do, request an application pack then send off the form in the post the day it goes NLA, for the online version I may end up refreshing the account.

I suspect I may end up pulling funds from NatWest/RBS though given their recent cuts, I've already reduced their balances down to £4675 each and given they're slipping to 5.25% and I'm currently struggling to fill 6% accounts the gap's now not insignificant. Raiding NatWest/RBS would certainly solve some issues with cashflow that's set to affect my accounts between now and the start of the next tax year. Plus I can always resume funding NatWest/RBS in the future if need be given they're open ended.

I'll see how things pan out over the next week or so though, a lot depends on what other accounts do next.

I'm in a similar position and have already pulled funds from my two Santander Edge Savers (6% AER) to fund Regular Savers down to 5.5%. I have a few RS maturing in February/March enough to replenish the Edge accounts.

I was considering pulling funds from the NatWest and RBS Digital RS but of course replenishing regular savers is a slow option. Other considerations for me are the interest rate outlook, variable vs. fixed RS and whether Santander would block me refreshing one of the Edge Savers due to mature in February. I have decided to leave the DRS alone and suck up the 5.25%.

Bridlington1

dealyboy said:

Bridlington1 said:

GetRichOrDieSaving said:

Call me crazy but I’m holding off on the 5.5% or less accounts for the time being. Anyone else holding out in solidarity? 

I know I will need to stoop down at some point but still have plenty at 6% plus and little funds in EA currently so all good for the time being. 

In my case the two Dudley festive RSs are ones I could well end up funding but their use is probably increased if they're opened a bit later, for branch/post accounts it's easy enough to do, request an application pack then send off the form in the post the day it goes NLA, for the online version I may end up refreshing the account.

I suspect I may end up pulling funds from NatWest/RBS though given their recent cuts, I've already reduced their balances down to £4675 each and given they're slipping to 5.25% and I'm currently struggling to fill 6% accounts the gap's now not insignificant. Raiding NatWest/RBS would certainly solve some issues with cashflow that's set to affect my accounts between now and the start of the next tax year. Plus I can always resume funding NatWest/RBS in the future if need be given they're open ended.

I'll see how things pan out over the next week or so though, a lot depends on what other accounts do next.

I'm in a similar position and have already pulled funds from my two Santander Edge Savers (6% AER) to fund Regular Savers down to 5.5%. I have a few RS maturing in February/March enough to replenish the Edge accounts.

I was considering pulling funds from the NatWest and RBS Digital RS but of course replenishing regular savers is a slow option. Other considerations for me are the interest rate outlook, variable vs. fixed RS and whether Santander would block me refreshing one of the Edge Savers due to mature in February. I have decided to leave the DRS alone and suck up the 5.25%.

If you wanted to minimise your losses with NatWest/RBS's Digital RSs you could hedge your bets a bit, withdraw down to £4675 or so, this then frees up £650 from 5.25% accounts and you retain the option of topping the accounts back up to £5k very quickly if you wish as you can pay in £150 at the end of the month, £150 at the start of the next month and interest/rewards would naturally top up the rest.

Whilst I certainly don't have a crystal ball, I do wonder if NatWest/RBS are going to slowly slip down the rankings over the coming months and years, it wouldn't be the first time an open ended regular saver has started off competitive but then slowly fell behind other accounts, Darlington had several open ended RSs at one time before they slowly faded, Loughborough's 2.5% offering never kept up and now sits near the bottom of all regular savers on offer, Stafford Railway BS used to be quite high up my list of accounts to fund, I recently closed it due to the rate just not being worth me keeping hold of it.

That being said I do think NatWest/RBS shall remain decent rates for quite a while yet, but they used to be near the top of my regular saver collection, now they're in serious danger of being at least partially emptied. They could rebound in the future, I wouldn't wish to rule it out, but I would imagine unless they reduce the maximum balance for the top rate they won't be more than a middle-ranking RS for the foreseeable future.

fabsaver

csw5780 said:

Dugal said:

Dudley Festive RS online

Applied for the Dudley Festive RS this morning as a new customer.  Filling in the forms was easy.  At the end I think it said I would need to wait up to 3 days to hear from them.  No email acknowledgement etc yet.  I said I would fund by bank transfer - perhaps that makes a difference compared to funding by debit card ?  Any way I'm in no hurry.

Same happened for me yesterday ☹️

Me too today. I opted to fund by debit card so I don't think that makes a difference.

Kim_13

Dudley Festive successfully opened this morning and £50 paid in by Debit Card. Existing customer. Annoyingly the interest part says Anniversary 20th December. Hopefully that means interest is applied late in the day on the stated date and it won’t actually mature until Monday 21st, as I was going for a working day maturity. It’s done now and as Principality Healthy Habits final interest was more than I expected, I’ll have another £25 to go in there tomorrow - so having opened it today I should get a COP match then.

I will be sucking up NatWest’s 5.25% also. Far too much maturing in the last third of next year: Monmouthshire App Exclusive, Progressive, Principality Christmas, Cambridge (all fully funded and the latter two will continue to be so, as they are fixed rate.) Melton Issue 6, Scottish, HEBS, Dudley Festive and a Skipton which I’ve opened to minimally fund on 31st December, as the unused allowance carry over will be useful come August.

Darlington and Dudley Festive’s withdrawals are likely to be utilised to fund RSs in April/May, due to little maturing then.

s71hj

Re Dudley festive, I think I'll stick to just the online one as the inconvenience of having to withdraw /close by post makes the branch one too much hassle given the risk their rates may drop making them less competitive than my cut off some time. In the next 12 months.

topyam

Chorley RS is jumping out atm to as being q attractive... That or the Dudley RS. Not sure.
Chorley is attractive due to the fact you can deposit q a high amount a month. 

Was looking for other 2 yr RS (already have Newcastle Monument and Manchester RS). I like the high interest amounts that will be paid out.
V aware rates are heading downwards. And haven't opened anything since the Progressive Xmas RS. 5% and upwards now seems okay

Bridlington1

topyam said:

Chorley RS is jumping out atm to as being q attractive... That or the Dudley RS. Not sure.
Chorley is attractive due to the fact you can deposit q a high amount a month. 

Was looking for other 2 yr RS (already have Newcastle Monument and Manchester RS). I like the high interest amounts that will be paid out.
V aware rates are heading downwards. And haven't opened anything since the Progressive Xmas RS. 5% and upwards now seems okay

I'm assuming you mean the Principality Xmas RS? Unless I've missed something important?

I haven't yet bothered with Dudley's 5% offering as a speculative given it's branch/post only, I might do when I open the 5.5% version though and apply for both at the same time.

If you're looking for a 2 year RS, Loughborough's 2Y Super Saver at 5% could be worth looking at (assuming you're eligible), the account's recently escaped a round of interest rate cuts but does have a high minimum monthly funding requirement.

topyam

Bridlington1 said:

topyam said:

Chorley RS is jumping out atm to as being q attractive... That or the Dudley RS. Not sure.
Chorley is attractive due to the fact you can deposit q a high amount a month. 

Was looking for other 2 yr RS (already have Newcastle Monument and Manchester RS). I like the high interest amounts that will be paid out.
V aware rates are heading downwards. And haven't opened anything since the Progressive Xmas RS. 5% and upwards now seems okay

I'm assuming you mean the Principality Xmas RS? Unless I've missed something important?

I haven't yet bothered with Dudley's 5% offering as a speculative given it's branch/post only, I might do when I open the 5.5% version though and apply for both at the same time.

If you're looking for a 2 year RS, Loughborough's 2Y Super Saver at 5% could be worth looking at (assuming you're eligible), the account's recently escaped a round of interest rate cuts but does have a high minimum monthly funding requirement.

Yes - Principality. Apologies!

granta

Dudley Festive Saver - online

I was just about to open this but the product page says 'no longer available'. Hoping it's just a Sunday blip. Anyone else managed to access and open it today?