The Top Regular Savers Discussion Thread

Kim_13

Born2Save_3 said:

gt94sss2 said:

moi said:

Bridlington1 said:

Suffolk BS are to launch new issues of their Online and branch/post fixed rate regular savers shortly.

The new accounts shall pay 5% fixed (same as the current issues) but with new maturity dates of 28/2/27.

The branch/postal version is now showing on Suffolk's site

 https://www.suffolkbuildingsociety.co.uk/savings/regular-savings-accounts/

Am I right in thinking you can email a copy of the application form to Suffolk?

Yes. I have done so for the past few applications. Best to ask if your ID is OK with them or if they require any further recent documents to accept your application and to update ID held.

Did you send it to the hello@ address or somewhere else? Is the maturity process a faff, given it’s a postal account? This one is otherwise tempting as I’ve just realised it has a higher deposit limit than the online equivalent.

PixelPound

What's your biggest factor for choosing a RS?

- Highest interest rate? 

- fixed rate of interest? 

- withdrawal options? 

- Monthly Deposit limits? 

Obviously a High interest earns as much as you can (barring BoE cuts), where as fixed could beat these if there is more than a couple of cuts during the term. Maybe it's where you keep the emergency fund, so an option to withdraw it if something happens and it's needed is a big factor. Or maybe you don't like faffing around with lots of small monthly amounts and one with a high deposit limit means bigger total interest at the end. 

Born2Save_3

Suffolk BS Online 1 Year Fixed Rate Regular Saver (28.02.2027) - now available...

https://www.suffolkbuildingsociety.co.uk/savings/regular-savings-accounts/

https://acquire.online.suffolkbuildingsociety.co.uk/sbs/savingsapplication/index/savings?acctype=4066

flaneurs_lobster

subjecttocontract said:

West Brom Reg Saver Iss 7
My account matures 6th Jan and automatically becomes an Access Reg Saver.
Given the fact that they only operate on a branch visit basis I was concerned as I'm nowhere near any branches.
Into that might be useful for others..... I called them today and good news.....they can close the account over the phone when I'm ready

Mine matures on 31/12. I was planning on emptying the Access RS of everything bar £1 online by FP, is that not an option?

Born2Save_3

Kim_13 said:

Born2Save_3 said:

gt94sss2 said:

moi said:

Bridlington1 said:

Suffolk BS are to launch new issues of their Online and branch/post fixed rate regular savers shortly.

The new accounts shall pay 5% fixed (same as the current issues) but with new maturity dates of 28/2/27.

The branch/postal version is now showing on Suffolk's site

 https://www.suffolkbuildingsociety.co.uk/savings/regular-savings-accounts/

Am I right in thinking you can email a copy of the application form to Suffolk?

Yes. I have done so for the past few applications. Best to ask if your ID is OK with them or if they require any further recent documents to accept your application and to update ID held.

Did you send it to the hello@ address or somewhere else? Is the maturity process a faff, given it’s a postal account? This one is otherwise tempting as I’ve just realised it has a higher deposit limit than the online equivalent.

Yes: Hello@suffolkbuildingsociety....

Maturity; I've not been through a postal/branch maturity yet. But they do give out post paid envelopes regularly. IIRC transfers out may be by BACS; so slow. There may be a way around this by having an easy access account with them to receive maturity funds and then faster payment from there. Someone else here may be better able to comment on this.

BestSeagull

I always open an account I like the look of right away but missed the Dudley one as I hadn't checked in here for a couple of days so my lesson is never to miss a day. I should know better too as I missed the Dudley loyalty RS for the same reason.
The answer I received when I spoke to someone about whether they'd bring back the online account was that it would depend on the uptake of the postal/branch account. I hope what they told @soulsaver is right though. 

topyam

PixelPound said:

What's your biggest factor for choosing a RS?

- Highest interest rate? 

- fixed rate of interest? 

- withdrawal options? 

- Monthly Deposit limits? 

Obviously a High interest earns as much as you can (barring BoE cuts), where as fixed could beat these if there is more than a couple of cuts during the term. Maybe it's where you keep the emergency fund, so an option to withdraw it if something happens and it's needed is a big factor. Or maybe you don't like faffing around with lots of small monthly amounts and one with a high deposit limit means bigger total interest at the end. 

Starting to prefer large monthly deposits as you have more money earning the higher rate, and get more money at the end of the term.
Though fixed rates are looking v appealing atm.

roked

flaneurs_lobster said:

subjecttocontract said:

West Brom Reg Saver Iss 7
My account matures 6th Jan and automatically becomes an Access Reg Saver.
Given the fact that they only operate on a branch visit basis I was concerned as I'm nowhere near any branches.
Into that might be useful for others..... I called them today and good news.....they can close the account over the phone when I'm ready

Mine matures on 31/12. I was planning on emptying the Access RS of everything bar £1 online by FP, is that not an option?

I closed mine online (a couple of months ago) without any issue. I have a separate ordinary saver account with £1 in it to keep my foot in the door.

s71hj

The Dudley branch RS, do you have to send a cheque with it or can you add a bank transfer once opened? 

topyam

BestSeagull said:

I always open an account I like the look of right away but missed the Dudley one as I hadn't checked in here for a couple of days so my lesson is never to miss a day. I should know better too as I missed the Dudley loyalty RS for the same reason.
The answer I received when I spoke to someone about whether they'd bring back the online account was that it would depend on the uptake of the postal/branch account. I hope what they told @soulsaver is right though. 

I emailed and got told that they don't currently have any online regular savers for new customers. They mentioned the branch/post ones. They don't suit me though, as you can't manage online.