The Top Regular Savers Discussion Thread

chris_the_bee

https://forums.moneysavingexpert.com/discussion/comment/82057654#Comment_82057654

Sorry, I meant description or nickname rather than Payee Ref. I am aware, of course, that the Payee is your First and Last Name. NatWest allows a "Payee name" to be entered on the payment screen which can be anything you like to help identify the payment.:-

Payee name

This will appear on your payee list and statement

That is why I used BUCKS (verbiage) and my or OH's initials as an identifier, but thank you for your (verbiage) correction.

chris_the_bee

https://forums.moneysavingexpert.com/discussion/comment/82057846#Comment_82057846

Buckinghamshire and a space uses up 16 of the allowable 18 characters with NatWest. As I wanted to include an identifier as well, I chose to abbreviate to BUCKS.

roked

New Santander 8% RS, I just realised today that I accidently funded it again on the 1st in my run though of funding all the RSs. It was accepted without any blocks or repercussions it seems.

I have removed it again now just in case and hope that does not stop it being funded again on the correct date later this month, seems bit strange though that its not being enforced per RS month

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82057654#Comment_82057654

I assume it’s a nickname - I did manage to get one against my Furness Summer RS but the option either wasn’t there or went unnoticed when I set up my other payees.

Section62

https://forums.moneysavingexpert.com/discussion/comment/82057904#Comment_82057904

seems bit strange though that its not being enforced per RS month

Santander's RS accounts have always been unusual in not necessarily applying the rules… a few years ago there was a quirk which was very profitable, though no longer possible in the same way.

If we assume Santander have difficulty setting up their systems to reject payments which exceed the monthly limit then that might help explain why they have the slightly harsh T&C condition that they can downgrade your account if you don't play by the rules (instead of the more common 'we will reverse your payment' approach). Maybe they hope this threat will be sufficient to make people behave themselves.

mon3ysav3r

https://forums.moneysavingexpert.com/discussion/comment/82057904#Comment_82057904

Same for my last 2, they accepted the new month payment a few days after the first payment, I didn't read the T+C so assumed monthly, for my 3rd I am going to play along and fund on the monthiversary

intalex

I also funded my Santander RS on 30/06 and 01/07 (having not read their definition of a month) and funds were accepted and still showing as a regular saver with an interest rate of 8%… perhaps their system is configured for calendar monthly limit… I plan to continue paying in on 1st of each month, and will accept it if they downgrade me before the 01/09 payment (allow 2 months), but not if they do so any later…

alfred64

Dudley

Savings Rate Change

From 22 July 2026, we are changing our savings variable rates.

For full details of the updated rates, please check out our Interest Rate Guide.

The one year regular saver issue 9- 1111 will be cut to 4.5% for example.

Cannot see that changes will include reg saver 1225, Loyalty saver iss 3 1334 or Festive saver.

gt94sss2

https://forums.moneysavingexpert.com/discussion/comment/82057983#Comment_82057983

I note they mention a Loyalty One Year Regular Saver Issue 4 which I presume is a typo.

Section62

https://forums.moneysavingexpert.com/discussion/comment/82057981#Comment_82057981

I plan to continue paying in on 1st of each month, and will accept it if they downgrade me before the 01/09 payment (allow 2 months), but not if they do so any later…

I don't think you'd have much option to accept it if Santander did decide to downgrade your account at any point during the term. The T&C's are clear and unambiguous on this point, and there is nothing to say that their failure to downgrade your account the first time you pay in more than £200/month precludes them from doing so later.

8% (variable) is a decent rate. Personally I wouldn't compromise the potential to earn >£100 on an account without needing to do very much, for the sake of breaking the rules to get a little bit more.