The Top Regular Savers Discussion Thread

x44

For these fixed rates I recall that the societies do complex forward money market operations to insure their risk of interest rates changing signifcantly during the duration of the account.

This means as per the previous poster they have a fixed amount they want or rather a fixed upper amount that they have "bought" the insurance for. At that point they close the issue to us the customers and start all over again.

We used to do the same for exchange rates when we/my employer was suppyling overseas to 'buy out' the exchange risk to us so we would know exactly how much £ we would get for the contract - and these were multi £m contracts lasting many months and not be subject to exchange rate fluctuations. Bascially we sold the expected currency receipts in the forward market and someone else took the risk.

Obviously like any insurance you are paying a premium for transferring the risk but the result to you is more certainity of the end result.

happybagger

https://forums.moneysavingexpert.com/discussion/comment/81909636#Comment_81909636

Thanks… I went back 40 pages and saw no mention of "Loughborough"

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/81909636#Comment_81909636

The Loughborough BS 2 Year Super Saver went NLA on 28/1/26 according to my records and was removed from p1 of this thread then.

https://forums.moneysavingexpert.com/discussion/comment/81864421/#Comment_81864421

The only Loughborough regular savers that remain are the Regular Saver Issue 1 at 2.05% and the Limited Access Monthly Saver at 4.25%, the latter remains on p1 of this thread.

SFCooper

Has there been any indication from Monmouthshire BS that their 6% rate will fall?

surreysaver

https://forums.moneysavingexpert.com/discussion/comment/81909769#Comment_81909769

More worried about their 7% ones falling, as the monthly subscription is twice that of the 6% one and I've got two of them!

Dizzycap

https://forums.moneysavingexpert.com/discussion/comment/81909769#Comment_81909769

No, although their mortgage rates have reduced, there have been no announcements to changes of interest rates for RSs via email or on the Monbs website for now.

Current 6% RS or Withdrawn 7% RS

friolento

https://forums.moneysavingexpert.com/discussion/comment/81909613#Comment_81909613

If so, that would explain the new version, as this has a variable rate.

However, I thought the Sunny Day rate has always been variable, like the Simple Saver one.

EDIT: yep, it's variable

Ch1ll1Phlakes

https://forums.moneysavingexpert.com/discussion/comment/81909835#Comment_81909835

The original post of this string was about the Santander Regular Saver which does still have a fixed interest rate at 5% AER. Not the Cahoot Sunny Day Saver

Hattie627

Monmouthshire BS

Regular Saver Issue 8, Branch Exclusive RS 1 and App Exclusive RS 1

For those who have these, in each case your online account information gives the next interest date as 31st March 2026. However, the information in the summary boxes on opening was that interest is paid at the end of the one year term (from about July 2026 onwards)

If interim interest is to be paid on 31 March, this will have to be included in tax year 25/26 untaxed interest figure for HMRC.

Anyone happen to know which is correct?

clairec666

https://forums.moneysavingexpert.com/discussion/comment/81909965#Comment_81909965

According to @Bridlington1 several pages back on this thread, based on past experience, no interest is paid on 31/3 and everything is paid on maturity.

If this is correct it would be very helpful to me, as it would suit me for interest to be paid in the next tax year rather than this one. And with such high deposit limits it's quite a hefty chunk of interest!