The Top Regular Savers Discussion Thread

KneadtheDough

https://forums.moneysavingexpert.com/discussion/comment/82023628#Comment_82023628

Agreed. And who knows, it might even put off a lot of smaller building societies opening their doors to 'all' again with the more lucrative savings accounts. Just a thought…

clairec666

https://forums.moneysavingexpert.com/discussion/comment/82023628#Comment_82023628

Very good point. With smaller building societies it's easy to forget they've not got a big workforce. I've got my login details etc. but won't fund it until next week, when hopefully things have died down a little after the initial mad rush of applications. My "drip-feed" account is currently the Santander Edge saver earning 6%, so I'm hardly missing out on much interest!

Admittedly I've sent pointless "thank you" email because I think it's polite, so point taken.

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/82023744#Comment_82023744

I understand why people think it's polite but if you're dealing with dozens of people in a day and you're busy these emails can get on your nerves.

Moreover depending on the system they're using to deal with the emails, if you reply with a "thank you" email it can make the person who dealt with your request look bad as it reopens the call again, meaning that if managers are looking at performance statistics it looks as though it took longer to resolve your issue than it actually did, therefore making the staff member look as though they're not dealing with issues in a timely manner.

So yes, please don't reply to customer service staff with "thank you".

topyam

Teachers

Will just wait - am using here for progress updates!

topyam

Principality

Many here going for the new 5% 1 yr?

What's chances of there being a new 6 month one coming? At a better rate, as the 1 yr was up on the previous offering? Or are those days over?

Kinda optimistic as the Teachers offering was a decent rate

Hattie627

https://forums.moneysavingexpert.com/discussion/comment/82023955#Comment_82023955

Principality

Ive opened the new 5% 1 Year.

Very easy to close early (same-day receipt of closure funds as I discovered yesterday when I closed down my RSB Issue 37) if it becomes uncompetitive. Or you can mothball until end of term with no further payments.

I doubt that there will be further 6 month ones. Very few others (if any) offer an RS at less than a year. Such a short term must add to the costs of admin and doesn't encourage commitment in savers. (I may, of course, be completely wrong)

friolento

https://forums.moneysavingexpert.com/discussion/comment/82023955#Comment_82023955

if you have no other 5% place and have used all the higher rate RSs, you might as well use it. If something better comes along, you can close the account, or stop funding it.

CricketLady

Re Teachers 6.5%

I agree that leaving well alone is the best way forward, I simply sat back after each stage and my account was opened relatively swiftly.

Just in case this is of interest to anyone, I've just noticed that in my transactions, the £250 that I paid shortly after 5pm on the 2nd of June from my Lloyds is showing as having been credited to my TBS account also on the 2nd of June.

Wishing everyone a great day xxx

Bobblehat

https://forums.moneysavingexpert.com/discussion/comment/82023955#Comment_82023955

Principality 1 Year 5% RS

I'm dithering …. looking at what RSs I have maturing in mid 2027, it might be useful to fill a gap in July if it's still around then. I'm not overly worried if I miss out … as your question has speculated, something else might crop up in June/July.

nomorekids

https://forums.moneysavingexpert.com/discussion/comment/82023955#Comment_82023955

Opened and funded, I need accounts with interest paid next tax year, would have preferred higher interest rate but can always close if a better rate is offered so happy.