The Top Regular Savers Discussion Thread

chris_the_bee

Saffron

Saffron's Members month Loyalty Saver launched in 2025 matures during June 2026. This year's Members Saving Month is to be September. 'Members' are defined as anyone who currently holds a personal savings account with the Society and has maintained a balance of at least £100 for 12 months or more.

If the 2025 Members Saving Month account is the only account you currently have with Saffron, you will need to open an additional savings account before your 2025 account matures and fund it with a minimum of £100 and maintain that £100 until the September launch (if any). I think the most suitable account is their 12 month Members Regular Saver as it can be funded with £100 now and then future monthly payments can be missed. Only 3.7%, but better than their other accounts and worth a punt. The small Saver only allows a monthly payment of £50, so June would not qualify.

This is my personal take on the subject and does not constitute financial advice.

allegro120

https://forums.moneysavingexpert.com/discussion/comment/82020583#Comment_82020583

I didn't go for both because it didn't cross my mind until I read some post on here and decided to apply for 6% as well this morning. Considering my long term RS experience this is unforgivable🙂 When there two versions of the same account "Can I have both?" should be the the first question to spring in mind. My screenshot says 20:15, so about the same time. I haven't received any emails.

Pickledonionlover

https://forums.moneysavingexpert.com/discussion/comment/82020644#Comment_82020644

Saffron

I hope you're wrong. I been with them donkeys years and always bookended RS each year (when they were decent) but the fact there is a hiatus between decent RS been launched means they'll have definitely moved the goalposts (to tie in with Savers week).

I don't see how, morally, they can expect you to keep that level (I've got a residual tenner in an account as my RS has already matured) just incase they launch a decent product.

Stargunner

https://forums.moneysavingexpert.com/discussion/comment/82020447#Comment_82020447

This is a regular saver thread.

allegro120

https://forums.moneysavingexpert.com/discussion/comment/82020644#Comment_82020644

I didn't know about £100 requirement. I've already morphed my Members into Small. Am I too late? Do you know if it is £100 balance every day or per month?

Dizzycap

https://forums.moneysavingexpert.com/discussion/comment/82020307#Comment_82020307

WOW! That was quick. Lets hope its a backlog application issue. I did apply for both very last night, received the confirmation emails, and they're still pending in my account @ 7pm today. I know I had to wait a few days last month when I applied for a product with them, so it'll open when and if it opens 😅.

chris_the_bee

https://forums.moneysavingexpert.com/discussion/comment/82020671#Comment_82020671

Saffron

From their website:-

What is a member?

We define our 'members' as anyone who currently holds a personal savings account with the Society and has maintained a balance of at least £100 for 12 months or more. Members also include our mortgage customers with over £100 on loan. To be a full (voting) member, you also have to be over 18 years of age. Being a member gives you a number of rights within the Society.

avocado1988

https://forums.moneysavingexpert.com/discussion/comment/82020645#Comment_82020645

Ahh! That's good that you managed to apply for the 6% in the morning:) I'm just hoping they will respond to us and that they reopen the 6% one for applications again….haha yes I'm short term on the other hand in my experience (only 1 month into regular savers and was waiting for some lovely rates to drop but this one may have come and gone in a flash!)

I also remember you helping me out when getting started so thank you again:))

happybagger

Saffron may decide members for the purposes of offering products as those with £100, ie the same as is defined as a shareholding "voting member"

however a shareholding member of a society is determined by law as someone who holds a share of any value above £0

Dizzycap

https://forums.moneysavingexpert.com/discussion/comment/82020695#Comment_82020695

Based on that, I'll be requesting the proceeds from my matured members RS to be sent to my Saffron Variable term saving account. Then I'll be withdrawing anything above the £100, so that Saffrons records show a continuous £100 held between a remaining open and then a closed RS account waiting for September - using the £100 to transfer £50 across to a new members RS for 2 months before setting up a SO - A bit of a faff…..

This must be a recent change? I've only ever held £1 with Saffron since 2023 with the members loyalty RS having always be continuously available in June, and as far as I'm aware, there was never a clause in the Tcs regarding holding £100 for 12 months or more to be considered a member, only hold another account with them.