The Top Regular Savers Discussion Thread

mhoc

https://forums.moneysavingexpert.com/discussion/comment/81960125#Comment_81960125

Good point regarding YBS - when our YBS loyalty savers mature in a few weeks I will leave them as easy access with £1 in - at least then I can prove membership dating back to May 2025 - although if ever I had issues with YBS with proving loyalty there would be outrage!

YBS was the 1st building society I saved with when we finally became debt free and went from constantly living in the red (overdraft, credit cards and loans) so that must 16 years :) First year we managed to save £2k which back then amounted to a small fortune!

Nationwide is our household current accounts dating back to when they took over Anglia.

KneadtheDough

https://forums.moneysavingexpert.com/discussion/comment/81960125#Comment_81960125

Just thought I'd mention that YBS's systems have been known to have difficulty when calculating how long you've been a member for as their systems seem to go off the age of your oldest account rather than how long you've been a continuous member for. If you keep your oldest account open, then this seems to rectify the issue, it's the main reason why I've kept hold of my old YBS Internet Saver Plus Issue 11, which has since been converted to another of their EA accounts.

Drat, I've been merrily closing down all my old EA accounts with YBS. Never mind, still have an old EA account from 2024. Will try to remember next time I go to close that one!

Pickledonionlover

Thanks, personally, Brid.

Huge amount of respect for your work ethic and patience here.

Whatever and whoever you do in 'real life' will be lucky to have you.

Dizzycap

https://forums.moneysavingexpert.com/discussion/comment/81956740#Comment_81956740

https://forums.moneysavingexpert.com/discussion/comment/81957945#Comment_81957945

For me, Principality have between June and August to come up with that 'more interesting product', otherwise I'm more than happy to leave the funds in my Cahoot Sunny Day account, until I can utilise somewhere else, and there are a few options open to me. Plus, there are a couple of banks who are offering 12 month RS @5%-5.25%, respectively with access to funds, if needed, which I would rather take than a 6 months RS; access to funds by closure only.

In addition, the Manchester BS Issue 1 RS @5.4% (v) £500 PM is worth having. I've held it for several months and renewed it a couple of months ago. A nice 2 year RS with easy access to funds as, when, or if you need them; but non-replaceble. Very quick & efficient to act on instructions given by account message.

Descrabled

Refine technique for most of us this financial year. Aim to close the regular saver prior to Monday 5th April and ensure that the interest is paid inside this financial year. This may suggest renewing (opening) accounts as early as possible this April and not waiting until the end of the month. This will give the maximum amount of interest whilst avoiding the increased savings tax in 2027-28.

surreysaver

https://forums.moneysavingexpert.com/discussion/comment/81961186#Comment_81961186

Yes, will have to work out, of those that allow early closure, whether it will be worth it to avoid the extra 2% tax.

I popped up to the East Midlands today to open Market Harborough's regular saver, but luckily that matures on 31st March before the next tax year.

I also opened Earl Shilton's regular saver, that appears to allow early closure