The Top Regular Savers Discussion Thread

mhoc

My Santander Edge saver matured last Friday so I emptied it and rang them up to get it closed. It has a zero balance but is still showing on my list of accounts which is technically now day 3 (not including the weekend) I was hoping to have the new one up and running today before the start of April but it has occured to me that if I just have patience and wait a few days until the old Edge saver leaves my account list I can open the new Santander Edge regular saver via my Topcash account where it will earn £15.

In April I have at least 4 Principalities maturing with no suitable account to mature into. Also I am going to see if refreshing the Halifax and Lloyds regular savers will be possible. With the proceeds of these - Principalities, Halifax and LLoyds I will open an easy access ISA - I think I am borderline regarding owing anything to HMRC but if I am owing at least it will be the back end of 2026 before I need to pay anything.

But the obvious way around having to pay more tax on savings interest is really not to save as much, to use some of the savings pot to spend more - house or holidays etc

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/81944808#Comment_81944808

Interest'll be paid at the end of the term as per their Ts&Cs. Their systems say 31st March but that is an error and has been the case with their previous regular savers, e.g. their Coronation RS a few years back.

flaneurs_lobster

My Santander Edge saver matured last Friday so I emptied it and rang them up to get it closed. It has a zero balance but is still showing on my list of accounts which is technically now day 3 

I emptied and requested closure on an Edge Saver earlier this month. Took just over a week.

allegro120

https://forums.moneysavingexpert.com/discussion/comment/81944808#Comment_81944808

MonBS

I didn't receive any interest today. As far as I know the interest is paid at the end of the 12 month term.

Hattie627

https://forums.moneysavingexpert.com/discussion/comment/81944835#Comment_81944835

Monmouthshire

It's strange that Monmouthshire haven't corrected the error in the interest "due dates" showing on their system. I raised this as a concern on here a few weeks back and I wasn't the first person to be confused by the anomaly. Admittedly I didn't bother raising it with Mon but they should be aware of it.

Bridlington1

I'll do my usual monthly update of regular savers later this evening but a couple of changes I thought I'd mention separately:

Thresholds for inclusion on P1 of this thread:

Previously for an account to be included under the lower ``special conditions" threshold (currently 3.95%) an account either had to allow you to pay in £500 per month or more, the interest rate is fixed, or if the account matures after at least 2 years.

These criteria are going to be changing with effect from this evening and shall be slightly stricter. Going forwards for an account to be deemed as having favourable conditions it must:

• Allow at least 3 penalty free withdrawals per year at any time without notice and meet at least one of the following criteria:
• ○ Allow you to pay in £500 per month or more
• ○ Mature after at least 2 years

Having a fixed rate of interest is being dropped as a special condition.

Thresholds shall remain unchanged for the time being so it's still 4.15% for regular savers to be included or 3.95% where the account meets the new definition of having special conditions.

Just a reminder the following interest rate reductions come into effect tomorrow:

Account                                                                                                                           .	Old Rate	New Rate	Date
Loughborough BS 1 Year Super Saver	5.80%	5.70%	01/04/2026
Loughborough BS 2 Year Super Saver	5.00%	4.90%	01/04/2026
Loughborough BS Five Year Retirement Monthly Saver	5.50%	5.40%	01/04/2026
Loughborough BS Holiday Monthly Saver	5.40%	5.30%	01/04/2026
Loughborough BS Limited Access Monthly Saver	4.25%	4.15%	01/04/2026
Loughborough BS Regular Monthly Saver Account	2.05%	NO CHANGE	01/04/2026

fonesaver

https://forums.moneysavingexpert.com/discussion/comment/81944808#Comment_81944808

Yes I phoned them and they confirmed the interest is paid at the end of the term.

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/81944601#Comment_81944601

But equally the RS doesn't necessarily have to be renewed now - this one can run to term and it is the replacement that needs to be closed early so as to be taxed at 20% rather than 22%. Today is just the last day to open something at the end of a month and have it run to maturity before the tax goes up.

Renewed Monmouthshire 6% near the start of the month - ended up with 2 although I only intend to use one and won’t really be doing that until some my 6.75+ payers mature. Funded today, their account term starts from funding date rule is helpful considering that closure requires manual intervention.

nottsphil

https://forums.moneysavingexpert.com/discussion/comment/81944835#Comment_81944835

Interest'll is a new one on me! 😧

On the Loughborough accounts diagram, you could add that phone viewers need to scroll right to see the rates. I'm surprised not to have heard of that Holiday one.

nottsphil

https://forums.moneysavingexpert.com/discussion/comment/81944521#Comment_81944521

You only withdraw the balance after the account has been 'renewed' (in reality, just renamed).