The Top Regular Savers Discussion Thread

alfred64

The 5.5% one allows withdrawals.

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/81968454#Comment_81968454

Only by post with the passbook though, if I'm not mistaken? So unless I am running short of RS capacity I am inclined to leave that one for now.

janusd

https://forums.moneysavingexpert.com/discussion/comment/81967885#Comment_81967885

Sadly, I wouldn't qualify for the Loyalty as I wasn't a member at the qualifying time (was previously but lapsed until last December) - though I should if they offer an equivalent account next year.

janusd

https://forums.moneysavingexpert.com/discussion/comment/81968460#Comment_81968460

https://forums.moneysavingexpert.com/discussion/comment/81968460#Comment_81968460

I would assume, though have never tried it, that Dudley would allow withdraw to your nominated account via secure message request - it'd be really bizarre to allow the account to be opened by email, but then insist on a physical letter or branch visit to withdraw… in practice it's unlikely I'd ever need to withdraw, but would be good to know for future reference.

allegro120

https://forums.moneysavingexpert.com/discussion/comment/81968655#Comment_81968655

IIRC Loughborough accepted scanned applications by e-mail, but to close/withdraw you have to turn up or send the letter.

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/81968759#Comment_81968759

That's the case for Loughborough, which made me think that Dudley will be the same for their postal accounts. Time will tell though, I could see the logic in insisting on the book for a withdrawal while accepting applications by email. They still issue a passbook (and pay to post it to the customer) whether they receive the application by email or post so it doesn't affect the operation of the account in any way.

Dizzycap

https://forums.moneysavingexpert.com/discussion/comment/81967885#Comment_81967885

That's actually a great reminder to those who may not have either or one of the Dudley RS that are indeed still available. It's also good for those who may want to renew before they go NLA.

Dizzycap

https://forums.moneysavingexpert.com/discussion/comment/81968422#Comment_81968422

I too am concentrating on 6%+ RS, although I did have both Dudley Festive RS; online & postal and then by secure online message I closed the postal version with monies sent directly to my nominated account and I didn't have to send in the passbook. I haven't added any more funds to my online Dudley Festive RS since December, but decided to open the Loyalty RS @ 5.75% because when my Monmouthshire BS 7% RSs mature, I will need to house the funds in the best RS rates possible, unless Monmouthshire decide to offer another couple of 7% RS. Mansfield RS @ 6% £500pm NLA is one I'll be additional using along with, Dudley Loyalty RS @5.75% £500pm, filling up Skipton Members RS @5.75%; monthly allowance not used since opening, & Manchester @ 5.4%, even if a temporary solution.

Personally, I'm hoping Monmouthshire BS will offer another 2 x 7% RS; online & branch, but I'll still need to house funds at the best possible interest rate while waiting to load up MNBS RS, if applicable / available.

ToastLady

https://forums.moneysavingexpert.com/discussion/comment/81969450#Comment_81969450

As RS's mature that are lower than 5.5%, they won't be getting renewed. I will make allowances for something over 5% with £500 or more a month, and also those longer than 1 year. I don't do anything postal or in branch, physical banks and building societies are getting as rare as hen's teeth in my area.

Bridlington1

One that appears to've slipped under the net:

Monmouthshire BS have launched a St David's Hospice Care Regular Saver at 6% variable (5% for you, plus an additional 1% paid directly to St David's Hospice).

£200/mth max, max balance of £2.4k, account lasts 1 year from date of first deposit, branch/agency opening only.

Major caveat: This account can be opened by St David's Hospice Care volunteers and colleagues only.