The Top Regular Savers Discussion Thread

subjecttocontract

When I opened a new one a couple of days ago it was virtually instant, certainly within the hour.

ToastLady

https://forums.moneysavingexpert.com/discussion/comment/82055432#Comment_82055432

Thank you, that's what I thought. If it's not there in the next few hours I will try again. Don't seem to be having luck with closing and opening Santander accounts over the past couple of weeks.

allegro120

https://forums.moneysavingexpert.com/discussion/comment/82055393#Comment_82055393

Santander

Mine was opened within 2 hours. My OH took longer, about 5 hours.

Ghostcrawler

https://forums.moneysavingexpert.com/discussion/comment/82055456#Comment_82055456

I always request human agent to close my account and not Sandi AI. My RS and Edge saver that matured this month was closed next day and was able to open new ones. Edge saver instantly appeared but RS took few hours

Redrodant

https://forums.moneysavingexpert.com/discussion/comment/82054966#Comment_82054966

opened a halifax rs last thing Wednesday. Anyone know if lloyds rs are still renewable?

Ghostcrawler

my experience with First Direct RS & Co-op RS that matured recently

FD RS - matured on 25th June and RS disappeared by night > on 26th June opened new one and by night got matured sum with Interest to my saver account (I already have one created for this purpose) and also left £300 to my current a/c > 27th June new RS was opened with £300 in it. Very surprising that it was this quick given 27th June was Sat

Co-op RS - matured on 30th June > got converted to smart saver on 1st July and had the maturity sum with Interest > applied for new RS on 1st July itself > 2nd July early morning got text that new RS is open > already funded £250 as there was a COP match. Again very surprised given they take 4-5 working days and known for their tardiness

ToastLady

https://forums.moneysavingexpert.com/discussion/comment/82055554#Comment_82055554

https://forums.moneysavingexpert.com/discussion/comment/82055606#Comment_82055606

Thank you both. I applied again on mobile rather on website just now and this time I have email confirmation that account has been opened. I'll check later on and fund.

Edited to add, account opened and funded within 20 mins of opening.

thefrank

Suffolk RS maturing end of July

For those with this product wondering how to withdraw money and interests at the end of the term please find the answer I got from Suffolk today:

"Around 14 days before your account matures at the end of the month, you will be able to save your maturity instructions yourself in the online service. We will write to you, and a button called ‘check out your options’ will appear. You will then be able to instruct us to close the account to your nominated bank account"

Of course make sure your nominated account has been duly registered and verified

SJMALBA

https://forums.moneysavingexpert.com/discussion/comment/82055805#Comment_82055805

FWIW, I've just had a Suffolk 'Online 1 Year Fixed Rate Regular Saver (30.06.2026)' mature, having given instructions using the method described - account wasn't showing in online banking on the 30th, and funds arrived in my NA just after midnight on the 1st.

Hattie627

https://forums.moneysavingexpert.com/discussion/comment/82055827#Comment_82055827

I had the same experience with the Suffolk BS One Year Online Fixed Rate Saver (30.6.2026).

The timeline was as follows:-

(1) Maturity options showed online about the middle of June. The balance expected to be paid on maturity (including the interest) was clearly shown. I chose to withdraw the full balance and interest to my nominated bank account. Message given that proceeds would be in my nominated account on 1st July

(2) Account disappeared from online listing on 30th June.

(3) Maturity proceeds appeared in my nominated account shortly before midnight on 30th June, so no wait required on 1st July. Helpful to know if funds required to feed other accounts on 1st of the month (but perhaps not safe to rely on this for future maturities)