The Top Regular Savers Discussion Thread

allegro120

https://forums.moneysavingexpert.com/discussion/comment/81975566#Comment_81975566

FD

I can't recall receiving email acknowledgements of applications. The only RS related emails I got are "your Regular Saver Account will be closing soon".

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81975781#Comment_81975781

Yes I received one of those two weeks ago too, the humorous tone was most memorable

Your Regular Saver account is about to reach maturity, which is when you’ll get all that hard-earned interest you’ve been waiting for all year. If it were a person, it’d be starting to grow a little moustache. 

Much rather have my £3.5k in a timely manner than witty bon mots.

shirley999

https://forums.moneysavingexpert.com/discussion/comment/81975566#Comment_81975566

nothing you can do to expedite the setting up of the new regular saver, but if you ask them they'll make your matured funds available to you immediately.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81975798#Comment_81975798

Yes, thanks for that. I'm more annoyed with myself than the bank for not remembering that FD are not exactly speedy. I'd expected to be able to pay some commitments with these funds today and have had to shoggle some around from elsewhere.

No biggy.

EDIT: Maturity funds in EA saver this AM, so 2 days post anniversary date. Not bad. No new RS yet.

nomorekids

Market Harborough issue 4 variable 5.8%

wanting the funds if I can, I'm sure when I opened this one, there was a way of early closing the account? has anyone done this? if so what were the penalties please?

surreysaver

https://forums.moneysavingexpert.com/discussion/comment/81976764#Comment_81976764

Withdrawals not permitted. Closure not permitted.

And I believe it's fixed, not variable?

Redrodant

Speaking of mkhbs.

Regular saver 31.3.2027.

£250 per month. 5.75%fixed.

Matures 31.3.27.

Branch opening only.

Unusual 2x rs per person. So £500 a month saving per person possible.

surreysaver

https://forums.moneysavingexpert.com/discussion/comment/81976903#Comment_81976903

Yes, confirmed with them when I opened mine the £500 rule overrides the previous £250 that applied when I opened my 5.8% one

clairec666

Back to First Direct, if anyone's interested for future reference….

Maturity date 23/4. Already opened a savings account because others here said it speeded up the maturity process. Regular saver disappeared from the app 22/4, applied for a new one. Matured funds didn't show up until 24/4, at which point I bunged £300 in the current account ready for the new regular saver. Within a couple of hours the new RS had appeared and £300 transferred from the current account, meaning my new monthiversary is a day later than the original account.

Today (25/4), I receive a text and email telling me that my new account is open and will be showing in the app "within the next 48 hours". They're a bit behind the times there!

Dizzycap

https://forums.moneysavingexpert.com/discussion/comment/81975566#Comment_81975566

Certainly 'normal' with my maturity and renewing my 1st Direct RS in February this year. Previously, I was told of my up and coming maturity via email and the process at maturity of fund being transerfered to EA account etc which actually happened, but not this year. Imagine if all providers of RSs did this? Fortunately, I have a notebook on my desk that I refer to for all my RS maturity dates for the forthcoming year as a fail safe.