The Top Regular Savers Discussion Thread

EssexHebridean

I have two Principality 6 month regular savers - issues 4 & 5 - coming up to maturity, and for the first time in quite a long while, it doesn't appear that I will be opening replacements. Their regular saver offerings seem to have gone through the floor since those were opened!

mon3ysav3r

https://forums.moneysavingexpert.com/discussion/comment/82056128#Comment_82056128

Yes

Online Account No: 10001016 (Festive Regular Saver)

Offline Account No: 10001008 (Regular Saver 1225, Bridgnorth Lions Club Regular Saver 1322 …)

Building society Roll Number / Account in reference

edinburgher

https://forums.moneysavingexpert.com/discussion/comment/82056160#Comment_82056160

I had the same experience, 5% was the best on offer.

subjecttocontract

I closed ALL of my regular savers but just couldn't resist the Santander 8% offer. So I don't get tempted further I'm gonna set my minimum to 8%......that should ensure that I don't open many more. 😁

Joseph1215

https://forums.moneysavingexpert.com/discussion/comment/82055978#Comment_82055978

Re Suffolk. Thank you, very useful.

Is the signed form a letter from you or is there a form somewhere?

And do they send a cheque or can they transfer to another account with them?

roked

https://forums.moneysavingexpert.com/discussion/comment/82056156#Comment_82056156

I have already sent my initial deposit earlier today using 1008 and its already credited, you are good to use that

ToastLady

https://forums.moneysavingexpert.com/discussion/comment/82056181#Comment_82056181

🤣 That should definitely do the trick, but you never know.

I hadn't intended going on with Santander RS which matured in May, but the 8% couldn't be resisted by me either. At least I now have something filling in July's gap for next year.

Joseph1215

https://forums.moneysavingexpert.com/discussion/comment/82056089#Comment_82056089

You could put £10 in their EA postal account @ 1.6%!
Out of curiosity, what are these low-interest accounts for? Who would invest £500,000 at 1.6%? Just easy access? They all seem to have them.

Section62

https://forums.moneysavingexpert.com/discussion/comment/82056200#Comment_82056200

For the Suffolk branch/post accounts the maturity instruction form is included in the maturity pack.

They say the form has to be completed rather than sending your own letter of instruction.

The form (this time) offered the options of a) open the current issue of their RS account; b) Transfer to an existing SBS account; c) withdraw full balance to nominated account (or get a cheque)

If you've already opened the current RS issue then the default product is the Everyday Saver. There isn't an option for this on the form, but you can make the request by asking in branch or including a letter.

For online RS accounts it is worth noting there is no long-term easy access maturity product. If you don't give instructions in time the RS matures into an "Online Maturity Holding Account". If you then don't give closing instructions within the following 30 days this account will be closed automatically and the balance returned to you. You can't make partial withdrawals from this account either.

jaypers

Principality…….in the same boat with 2 of the last good 6 monthly ones maturing next month. Got a Christmas Reg Saver maturing later in the year and as others have said, nothing else worth opening. I like Principality and if nothing good is launched I’ll likely just open an EA and stick £1 in it to stay a customer. Shame.