The Top Regular Savers Discussion Thread

clairec666

https://forums.moneysavingexpert.com/discussion/comment/82040028#Comment_82040028

I've had a quick look for info on the funding window but couldn't see anything at first glance.

Elsewhere in the product description it says "You can open the account with an initial investment of between £10 and £250…" suggesting maybe you can't just open it and leave it empty?

It would be ideal if it had a funding window of up to a month - I don't need any more accounts maturing in June, but a July one would be nice!

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82040032#Comment_82040032

I suspect they changed to the 30 day membership criterion to avoid having to release new issues periodically. With this change, it means they would only need to release a new issue if they wished to revert to fixed interest rates or vary the tracking margins.

The previous issues were released in November so were available for a while, although I don't think any Skipton RS has quite lasted 12 months for early adopters to get another of the exact same issue. I'm not sure when Issue 1 of the Members RS launched but Issue 2 was 1st June 2023 and they have had an issue available continuously since then.

The non-member variant is a more recent addition and I suspect there will be little demand for it going forward - may as well open an Easy Access account, wait 30 days and get the better rate.

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82040043#Comment_82040043

They would have to give a grace period to fund though, given they are not among the building societies that provide the account details immediately when the application is submitted. I can't see it being less than a week, but it could be a fortnight or a month given the windows other providers have.

All providers are going to have a funding window on the initial deposit, otherwise they might have the administrative nightmare of people saving up accounts and funding them months or years later.

I'd like 15 (one maturing each month plus a couple of open ended ones) but will briefly have 29 once Bucks is open, as they don't come along at the rate of 1 good payer per month.

Hal17

Well my Buckinghamshire application failed. Got to the end and the signature window timed out after entering the data. Must have only been 10 seconds.😒

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82040104#Comment_82040104

Strange, I definitely had more than 10 seconds as I took a second attempt at signing with my finger.

DodgerPot

https://forums.moneysavingexpert.com/discussion/comment/82040015#Comment_82040015

yes Skipton only allow you to have one product from their regular savings.
Think in previous years they did allow a regular saver and a members regular saver at the same time.
The previous members issue required membership before 11/11/25 but I didn’t have any savings with Skipton before Dec 25 so had been waiting on this new issue.