The Top Regular Savers Discussion Thread

Bridlington1

Summary of changes with the launch of this version of the thread.

The old version 5 has been renamed to The Old Top Regular Savers Discussion Thread 28/12/24-29/1/26.

The structure of this thread remains unchanged, so as before post 1 is a summary of recent additions to the thread, posts 2-4 cover regular savers open to all, post 5 covers Local/Loyal/Beta/Age Restricted/New Member Only accounts, post 6 covers children's regular savers, post 7 is for recently NLA accounts.

The major change is how the listings are presented. Previously they were typed in the forum itself. They have now been converted into the table format and are now copied directly from my master spreadsheet into the forum.

In addition I've also launched a new thread, The Banking & Savings Spreadsheet Discussion Thread specifically for discussion on managing your savings accounts spreadsheets.

I'll still tolerate any discussion about spreadsheets in this thread provided it's directly related to regular savers, however I feel spreadsheet-specific discussion would be better in the spreadsheet discussion thread so that they can encompass managing all types of savings accounts and go into more detailed spreadsheet discussion.

This version of the top regular savers discussion thread is now live so feel free to use it.

Bridlington1

Usual drill:

Leeds BS Regular Saver (Issue 73) at 4.45% to go NLA. Replaced by issue 74 at the same rate with a new maturity date of 1/2/28

Bridlington1

Just a reminder the following interest rate change comes into effect today:

Account                                                                                                                           .	Old Rate	New Rate	Date
Scottish BS Regular Saver	6.50%	6.00%	30/01/2026

What_time_is_it

Does anyone know whether the following institutions allow a “13th payment”?

HSBC

TSB

Loughborough

Market Harborough

Nottingham

Suffolk

Thanks! 🙂

ForumUser7

https://forums.moneysavingexpert.com/discussion/comment/81861136#Comment_81861136

Wow, 50bps reduction is massive - oh well :/

masonic

https://forums.moneysavingexpert.com/discussion/comment/81861155#Comment_81861155

With HSBC (for academic interest) it is possible, but the account has a monthly maximum balance tied to the account month (synced to a 1st Feb calendar profile IIRC) and any amount above this balance earns interest at the standard saver account rate. To get into this situation you would need to delete and recreate the standing order that is automatically created from the current account, which is not worth it for this reason.

For the others, I refer you to Bridlington's revamped and very smart looking tables in the first few posts. These state account month or calendar month for payments and whether there are balance restrictions.

flaneurs_lobster

For the others, I refer you to Bridlington's revamped and very smart looking tables in the first few posts. These state account month or calendar month for payments and whether there are balance restrictions.

Just a word of thanks to @Bridlington1, chunk of work getting the new thread up and running mate. Reformatting looks good.

Section62

Just a comment on the "Treated as having been received the same day." entry for "Deposits on non-working days" for each of the Lloyds/Halifax/BoS entries.

There's an exception to this that non-working days falling at the end of the month mean the payment will appear to be credited on the next working day as far as the system is concerned, and will count against the following month's limit, not the month the deposit was made.

For example, paying money in tomorrow (31st) will be credited as a February deposit, even if the money is showing as cleared funds in the account immediately. This could lead to deposits on Sunday (1st) or Monday (2nd) or later in the month being [partially?] returned if the February deposit limit is exceeded.

LBG staff gave conflicting advice on whether interest would be paid from the date of deposit, or from the next working day.

(Thank you for the upgrade Bridlington1 - you should get a 'beyond the call of duty' badge from MSE for the additional work the upgrade has caused you.)

x44

Mansfield timings..

Sent application with Cheque as a 'new saver' 1st Class Monday.

Probably arrived Tuesday, they must have sent cheque for processing on Wednesday as with a 2 day clearance cycle it appeared as paid in my bank account this morning Friday. I doubt they'd be sending out any documentation back to me before they had confirmation that the cheque had cleared, all their ID/AML checks were done, and they can open the account backdated to the date the app' arrived.So probably next week now before I get anything back or get any email confirmations.

Edit to add: You do a wonderful job @Bridlington1

UKX69

https://forums.moneysavingexpert.com/discussion/comment/81861130#Comment_81861130

Great work Bridlington - much appreciated!