The Top Regular Savers Discussion Thread

allegro120

https://forums.moneysavingexpert.com/discussion/comment/82027007#Comment_82027007

First Direct

In my experience when RS disappears from view the system allows to apply for a new one. It usually takes a day or more for the new one to open, but last year all was done on the same day.

intalex

https://forums.moneysavingexpert.com/discussion/comment/82027604#Comment_82027604

Useful reminder, I'd forgotten this quirk, just applied for a new one… let's see how soon after maturity (tomorrow) they open a new one…

CeliaSeas

I want to open the Mansfield regular saver. However, I am put off by the fact of having to wait for a cheque in the post to receive funds at maturity. Earlier in this thread a poster mentioned that they hoped it might be possible to transfer internally to another Mansfield account. Is there anyone who knows if this is the case? Or even anyone who can shed any light upon the likelihood of it being the case?

friolento

Monmouthshire RS

My early closure requests have been actioned today, as requested online on Saturday. Money incl. interest has landed in my current account, and a new RS has already been opened and initial funds sent. As is normal with MMTH, I can't see the new account online yet but it's there in the app.

Teachers RS

Still waiting to see my account online, and my deposit of June 3 to show. May be tomorrow.

KneadtheDough

https://forums.moneysavingexpert.com/discussion/comment/82027626#Comment_82027626

First Direct

Mine took a good 5-6 days (including weekend) to be opened, after the other 7% RS matured.

Dizzycap

https://forums.moneysavingexpert.com/discussion/comment/82027039#Comment_82027039

Nothing showing for me either and I sent my payments on the 5th. Allowing for 5-7 working days before Teachers have worked through the back log etc, I'm not too concerned at the moment.

Dizzycap

https://forums.moneysavingexpert.com/discussion/comment/82027789#Comment_82027789

There wasn't an alternative online account where funds from the 6% RS could be sent upon maturity, only postal accounts when I applied for the RS in January. The only easy access account they had then was also postal which defeated the object account.. I haven't checked Mansfield BS recently to see if they offer an online easy access to get around the maturity funds being sent out by cheque.

orange-juice

https://forums.moneysavingexpert.com/discussion/comment/82026952#Comment_82026952

Is anyone doing anything to 'maintain' their relationship/membership with Saffron, where the Member RS for 25/26 being your only account with them and maturing this month (for me anyway).

I opened a reg saver (3.9%) and deposited a £1 (as that's the min Skipton requires), but just came across this, and it seems I might need to up it to £100. Anyone else done the same, just in case? I've been a member for years with each previous reg savers rolling into the next version, but it seems quite easy 'to fall foul' now, due to this recent change?

PRAISETHESUN

https://forums.moneysavingexpert.com/discussion/comment/82028040#Comment_82028040

For most BSs I open accounts with I try to open an easy access savings account which I use to maintain my membership, independent of any RS accounts I hold. Saves any problems with BSs claiming I've lost continuous membership because of opening and closing accounts over time with gaps in between. Looking at their websites and both Saffron and Skipton look to offer easy access accounts which can be opened online for £1 minimum balance. Unsure how that correlates with membership of the society compared to being an existing customer though.

allegro120

https://forums.moneysavingexpert.com/discussion/comment/82027847#Comment_82027847

https://forums.moneysavingexpert.com/discussion/comment/82028040#Comment_82028040

Saffron

I went for Small Saver 3.9%. I thought that's the best option. Ended up with two of them. I opened the first one prior to Member's Month Loyalty maturity, instructed to put £1 in this SS and the rest to withdraw to nominated bank account. Instead they created another SS and put £1 there. I'm not going to fund the original one, they will close at some point anyway.