The Top Regular Savers Discussion Thread

SJMALBA

Dudley BS RS-1225

Sent a postal application, 1st class, as a new customer, just before midday on Wednesday, and astonished to receive a letter today confirming that the account is open! Not sure why they didn’t just email, but, impressively quick turnaround, particularly given Royal Mail's 'involvement'!

Well done Dudley BS (and Royal Mail!).

mhoc

Santander - neither of our regular savers would progress via Sandi for closure so we both rang up yesterday. I got the 3rd degree but the chap OH spoke to was much easy easy going but he said it had to go to a back office for closure.

This afternoon though the old regular savers were no longer listed so I opened the new Santander reg savers and added funds. I've set up reminders on the calendar for payment date. I also set up a SO for funds to go into the everyday current account on the 24th.

I wasnt going to risk waiting until the 1st of the month. As FD and Zopa are funded 3rd week of the month anyway its not an issue with the 26th funding date each month .

Dudley - no further notification emails from Dudley regarding the loyalty saver applications sent via email 2 days ago but I checked the accounts online. The new loyalty savers are listed and called Dudley loyalty saver issue 3 and not 1117 as previously. Funded and set up standing orders, google charted and set up the calendar reminders etc.

These 2 - Santander reg saver and Dudley loyalty saver mature so late in June 2027 the funds will be available to fill the general pot and pay the July 2027 SOs so another issue sorted

Joseph1215

https://forums.moneysavingexpert.com/discussion/comment/82048756#Comment_82048756

Does the Dudley Loyalty Saver issue 3 appear as an online account even though it's not yet on their website?

avocado1988

I'm a bit confused with the Bucks Regular Saver @6.4%.

I thought when signing up the information says "Interest is paid at the end of the 12 months and added to the account." Also it says "Interest is calculated daily and paid into the account on Anniversary."

But when logging onto the portal, it says the next interest due date is 31/12/2026.

Which one is it? Has anyone queried? Thanks!

Slinky

https://forums.moneysavingexpert.com/discussion/comment/82048334#Comment_82048334

That's not what I mean. I opened and funded a couple of days ago, and intended to fund again on 1st July unless, like Zopa, it prevented me from doing so.

allegro120

https://forums.moneysavingexpert.com/discussion/comment/82048984#Comment_82048984

Bucks 6,4%

It probably means that they will pay accrued interest on 31st December and the remaining interest at the end of 12 months term. Some building societies practice interim payments at a specific date, there's nothing abnormal about this. I didn't query because this won't have an impact on what I need from this account.

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/82049003#Comment_82049003

It could also be a quirk of their systems. They use the same sort of portal as Monmouthshire BS which shows interest is due to be paid on any account on the same date of the year, in the case of Monmouthshire BS they just paid interest on maturity as per the Ts&Cs so Buckinghamshire BS could well do the same.

If they do pay interest on the wrong date you've grounds to complain, which I'd do when/if it happens.

clairec666

Re Bucks interest…

https://forums.moneysavingexpert.com/discussion/comment/82049003#Comment_82049003

Same as Darlington, who pay interest on 31/12 as well as maturity. Memorably they messed things up last year, and massively overpaid interest.

https://forums.moneysavingexpert.com/discussion/comment/82049014#Comment_82049014

Monmouthshire bizarrely showed "interest payment date" of 31/3, but only credited me with interest of £0.00 on that date, so I'll get the full amount on maturity which is what was stated in the T&Cs.

I'm not a fan of making complaints about anything and everything, but I won't be thrilled if Buckinghamshire do pay interest on 31/12, as it would benefit me greatly to avoid any more interest in the current tax year.

brucefan_2

https://forums.moneysavingexpert.com/discussion/comment/82048249#Comment_82048249

Hope you don't mind me asking but where are you leaving easy access cash sitting at 5.25% please?

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82049040#Comment_82049040

I'm betting NatWest/RBS Digital Savers - £5k max each. Technically RS accounts but don't mature once filled.