The Top Regular Savers Discussion Thread

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.

dcs34

https://forums.moneysavingexpert.com/discussion/comment/82056174#Comment_82056174

I used 10001008 yesterday to fund the Regular Saver, Festive Regular Saver, and Loyalty Regular Saver 3 and all payments were received into my accounts correctly.

(I assume DBS won't use the same account number for a passbook account and an online account; so there shouldn't be multiple accounts with the same account number, meaning each reference can be uniquely traced to a customer regardless of account type. So from my experience this isn't a distinction that seems to matter too much, though YMMV).

allegro120

https://forums.moneysavingexpert.com/discussion/comment/82056234#Comment_82056234

You’d be surprised by how many people use these accounts. Most people aren’t particularly savvy, allowing providers to make significant profits.

Suffolk

I opened a new 5% RS prior to maturity. That was the best option available to keep continuous membership.

Section62

https://forums.moneysavingexpert.com/discussion/comment/82056316#Comment_82056316

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.

Each of those accounts will mature into an easy access account if you don't pick anything else. So no need to open a new account, just let the oldest one roll over to the maturity EA and leave £1 in it.

BestSeagull

https://forums.moneysavingexpert.com/discussion/comment/82056131#Comment_82056131

I ask for certificates of interest from all of them as soon as the tax year changes. I requested by message for Suffolk and they sent them right away, no problem.

roked

https://forums.moneysavingexpert.com/discussion/comment/82056369#Comment_82056369

You could be right in that and would not surprise me, its whether you actually have an online version of the account though that you are using 1008 for. Both the regular & loyalty saver are passbook versions and the festive one came in two versions, online (that did not last long from memory) and the passbook version. You may have passbook for all 3.

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82055989#Comment_82055989

I opened the House Deposit Saver with them earlier this year, account term is 10 years so allows me to transfer out my ISA at maturity without worrying about whether or not I have an active Regular Saver at the time.

cheekyweegit

Santander gl!tch ?

I closed my 5% regular saver via Sandi a few days ago, after seeing the 8% account listed, couldn't open a new one right away as it said it would take 2 working days to close.

Took just over 24 hours to close and I opened a new 8% account via the app, but it glitched right at the end, so I did it again and same thing happened.

Decided not to proceed, but went into the app again today to see and I have two 8% regular savers which I've been able to fund.

Anyone else ?

I'd be disappointed if they closed one, but not surprised, but I'll wait and see.

Thanks to the OP for this one as I am missing the Principality roll on accounts.

AmityNeon

https://forums.moneysavingexpert.com/discussion/comment/82056491#Comment_82056491

I also have two due to the same glitch.