The Top Regular Savers Discussion Thread

Bob2000

Kim_13 said:

Bob2000 said:

Bridlington1 said:

granta said:

topyam said:

granta said:

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?

Ah is it gone?
Surprised it has been pulled on a weekend (if that is the case). Would have thought that only happened on a weekday?

Yes it seems very quick to have pulled this over the weekend. Someone earlier reported opening one this morning. Fingers crossed it is just an error

The account shows as NLA on their website and has dropped off their list of accounts to apply for in online banking. Application links for their other accounts appear to be working so it seems to be very much NLA.

I tried applying  for the festive saver Fri  evening around 10ish. The application  went through?? They stated it would take 3 working days to get in touch, but then another screen came up minute  or so later, saying there was a technical problem.
So, I'm not sure now if lm 'in' or not now?

Bob2000 I would try contacting them if you don’t hear within three working days (but don’t mention the technical problem screen - most people would have closed the screen within a minute and perhaps it refreshed itself to cause the problem.) As you applied before it was pulled, they should honour it. 

It was me that successfully applied online this morning, about 9:15. Smoother than I was expecting given the experiences reported here but I did have an online account still open with them rather than just the postal RS. They seem to operate the two very separately given the differing account numbers for funding depending on opening method. Email arrived containing funding details about an hour later.

I was expecting the Festive to be gone by the end of January at the latest given the name, but the Sunday NLA feels like a first. Monday would have seemed safe for those waiting given the Friday launch and today was the first day (possibly - see my above comment re anniversary listed as the 20th) to get an account maturing on a working day. Perhaps someone has made a mistake and it wasn’t supposed to be opened to online applications.

Ok, I will see what happens in 3 days' time then. Fingers crossed. I did send them an email last night stating  the issue  l already mentioned.  
Thank you anyway  for the advice.
Merry Christmas 🎅 

topyam

Anybody regretting not opening Dudley? I am - was gonna fo it tonight

Hattie627

Dudley BS Online Festive Saver

Let this be a lesson for the future.....

If you want an account, go for it as soon as you see it. You don't have to fund up to the maximum, just get your application in. If your application fails for some reason and it then goes NLA, so be it. It wasn't for you. But hanging around and it then goes NLA, you have only yourself to blame. 

Playing games like trying to time the day of the week that the maturity date will fall on, always risky and just not worth it.

I've been playing the RS game for 10 years now and know how it works. Take advice from an old pro.

topyam

I think I never expected it to go nla on a weekend. Lesson v much learned!

Bridlington1

Hattie627 said:

Dudley BS Online Festive Saver

Let this be a lesson for the future.....

If you want an account, go for it as soon as you see it. You don't have to fund up to the maximum, just get your application in. If your application fails for some reason and it then goes NLA, so be it. It wasn't for you. But hanging around and it then goes NLA, you have only yourself to blame. 

Playing games like trying to time the day of the week that the maturity date will fall on, always risky and just not worth it.

I've been playing the RS game for 10 years now and know how it works. Take advice from an old pro.

I'd generally agree, I tend to open as soon as possible but then refresh if still available at the end of the month, this way I've secured the account if it goes NLA but if it's still available I've got a maturity date of the end of the month which works out better for cashflow so I get the best of both worlds.

The likes of Monmouthshire and Skipton are handy in this regard, you can get your application in as soon as it's available and then just delay the date of your initial deposit to pick your preferred maturity date.

Hattie627

A good RS account from a small, local institution, particularly when launched the day after an interest rate cut when keen savers are likely to be out in their droves reviewing their portfolios of accounts and looking for new deals, is not going to be available for long. Agree that launching on a Friday and pulling over the weekend is somewhat extreme.

topyam

Maybe they had a limit - hard to imagine somebody was working over the weekend and pulled it

clairec666

topyam said:

Maybe they had a limit - hard to imagine somebody was working over the weekend and pulled it

Maybe there was something built into their system to withdraw the account when they reached a certain number of applications. Possibly adding a bit of code to their system was preferential to manual intervention.
(Don't tell Principality... )

clairec666

Hattie627 said:

Dudley BS Online Festive Saver

Let this be a lesson for the future.....

If you want an account, go for it as soon as you see it. You don't have to fund up to the maximum, just get your application in. If your application fails for some reason and it then goes NLA, so be it. It wasn't for you. But hanging around and it then goes NLA, you have only yourself to blame. 

Playing games like trying to time the day of the week that the maturity date will fall on, always risky and just not worth it.

I've been playing the RS game for 10 years now and know how it works. Take advice from an old pro.

Yes, this is generally good advice. Admittedly I've held off from replacing my Nationwide regular saver, because a) I can't fund it right now, b) they've offered this account consistently for quite some time, so I think it's unlikely it'll get pulled, and c) it's variable rate.

I wouldn't take the risk with smaller institutions though - they generally have a shorter window of availability.
And fixed-rate accounts, got to grab them before any rate cuts.

Kim_13

clairec666 said:

topyam said:

Maybe they had a limit - hard to imagine somebody was working over the weekend and pulled it

Maybe there was something built into their system to withdraw the account when they reached a certain number of applications. Possibly adding a bit of code to their system was preferential to manual intervention.
(Don't tell Principality... )

Could well be considering that it is still in their list of Regular Savers on their website. Someone must have to remove that manually and obviously aren't working on a Sunday.