The Top Regular Savers Discussion Thread

jd84

NatWest

Are we expecting the next interest payment on 2nd April?

Just trying to work out whether it will fall into this tax year or not with the bank holidays coming up...

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81942054#Comment_81942054

The Digital Regular Saver? Always second working day of the month, which next month is Thursday 2nd.

Why would the Bank Holiday be relevant?

wmb194

https://forums.moneysavingexpert.com/discussion/comment/81942054#Comment_81942054

You cannot rely on Bank Holidays anymore, you have to watch all of your accounts like a hawk.

I have a Nationwide RS maturing on Saturday 04/04 and I'm expecting it to be credited that day whilst in the good old days you could safely assume it would be credited on the next working day, which in this case would have been the next tax year.

shirley999

https://forums.moneysavingexpert.com/discussion/comment/81942054#Comment_81942054

It will be seen on 2nd April, dated 1st April.

cc123mm456

https://forums.moneysavingexpert.com/discussion/comment/81939975#Comment_81939975

RE: First Direct Regular Saver

The First Direct requirement to avoid current account charges used to be EITHER transfer in £1,000 per month, OR have £1 or more in a savings account other than the Regular Saver.

As others have mentioned, FD have abandoned that requirement, and no longer charge for the current account.

However it is still useful to have an easy access savings account open with £1 in. When this exists, FD will automatically transfer the Regular Saver balance in to the easy access savings account on the day of the RS maturity.

This helps to speed up the RS closure. Otherwise it can take a few days to complete the closure and have access to the balance.

I've seen it reported on here that, in case of any such delays, you can always call FD and ask to get the RS balance moved in to the current account quickly, but for me it makes sense to have it available automatically at maturity. Then I just need to manually move it from the easy access saver to the current account, which takes seconds.

Another trick for First Direct (and thanks to a previous poster for this). Assuming that the 7% RS is still available, and you want to renew the RS...

Around the maturity date, keep checking your app or online banking each day. At some point the existing RS will disappear from the accounts list (I think that is usually the day before maturity, or maybe on the day of maturity). As soon as this happens you can submit the application for the next RS. This usually means that it will start within a day or two of the old one maturing.

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/81942169#Comment_81942169

When my last FD RS matured I was able to just contact them via their webchat as soon as the account disappeared from online banking and they were able to transfer the full balance including interest to my current account on the anniversary of opening, it never even touched the savings EA account. I've closed their EA account as part of my end of the tax year tidying up of savings accounts (which incidentally leaves me with less than 100 savings accounts for the first time in nearly 3 years).

Dizzycap

https://forums.moneysavingexpert.com/discussion/comment/81942207#Comment_81942207

In my end of year tax clear up, I've now closed over 60 accounts for this year with over 200 remaining for another day to keep my sanity!😮🤐. I was planning a clean up of payees in my Lloyds current account, but that's a nighmare in itself with having my name and account no as the only reference for well over 200 🙄. Another job for another day…..

Bigwheels1111

Well, Well, Well, Principality.

I had an issue 4 maturing today. Opted for option 4.

Last 2 rejected, today it opened a second issue 5.

Result.

nottsphil

I could have sworn that Co-op sent me a message about a fortnight ago telling me my Regular Saver was maturing today, but I can't find any message (their app doesn't do messages!), text, email or notification (those seem to disappear from Android within a couple of days).

The money is still there earning 7% but if I'm going to get the funds this evening, I'd rather take most of it out this afternoon as a withdrawal. The account was opened (ie funded) on 31.3.25.

The_Groat_Counter

https://forums.moneysavingexpert.com/discussion/comment/81942207#Comment_81942207

…which incidentally leaves me with less than 100 savings accounts for the first time in nearly 3 years…

Reading stuff like this makes my brain hurt! How do you keep it all organised and recorded?