The Top Regular Savers Discussion Thread

surreysaver

https://forums.moneysavingexpert.com/discussion/comment/82060446#Comment_82060446

Indeed. My main concern is it's variable - I don't mind sticking to the other conditions, but if they reduce the interest rate and I cannot withdraw without losing the bonus. I've opened it nonetheless

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/82060492#Comment_82060492

From my understanding of the general terms if they reduce the rate you can close without penalty and still get the bonus, to me the bigger danger, especially with it being open-ended, would be if rates elsewhere increased at any point and Beverley BS failed to keep up.

surreysaver

https://forums.moneysavingexpert.com/discussion/comment/82060501#Comment_82060501

Yes, that has also occurred to me. But the fact you can withdraw at the end of the year sort of gives you a deadline with which to make a decision. Depending upon how high the theoretical interest rates would be, it could well be worthwhile closing and losing the bonus, much like it was with fixed rate accounts when interest rates leaped from ~1 to ~5%

nomorekids

Beverley

My understanding of issue 1 was that the optimal window to withdraw was 1st January for a while to get the bonus, but once any withdrawal is made, there is little point in funding for the rest of the year, is this the same but for £500?

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/82060575#Comment_82060575

That matches my understanding. Ts&Cs don't appear to be different in this regard.

thefrank

https://forums.moneysavingexpert.com/discussion/comment/82060446#Comment_82060446

Also Manchester BS has got still issue 1 open, £500 a month, only a bit less interests (5.40%) but no restrictions of any kind, can be closed and all interest will be paid, plus withdrawals allowed without loosing interest.

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/82060616#Comment_82060616

Just beware with Manchester BS if you go to close the account a message appears somewhere on the screen warning you that if it's your only account it'll disable your online banking (they're like Aldermore, Newcastle etc in that respect), therefore if you are thinking of ``refreshing" the account or would like to make it easier to apply for new accounts in the future I'd keep an account with £1 with them to keep hold of online banking access.

thefrank

https://forums.moneysavingexpert.com/discussion/comment/82060627#Comment_82060627

Manchester BS is offering a cash account that can be opened with just £1 since the day they put on the market their first regular saver so it is easy to avoid to be locked out

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/82060632#Comment_82060632

Indeed, but I was just raising it for awareness as some banks/building societies' online banking logins remain active for a while after your last account is closed, so it's worth noting in this case.

Bridlington1

I've finally got round to updating the regular saver timeline:

Apologies for not doing it the last couple of months, one or two things cropped up elsewhere. It should now be up to date to the end of June 2026.

I've also done another clear out of The Archived History Of Regular Savers Thread *** NO CHAT*** thread, about a dozen regular saver Ts&Cs have been removed from p1 of the Archived thread and moved to the Regular Saver Timeline Spreadsheet.