The Top Regular Savers Discussion Thread

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.

avocado1988

Thanks for another great find on Beverley! This is the first one where I'm confused on what to do - it's that conditional bonus that is scary especially because no withdrawals are allowed should the rate drops and even if closing the account if no withdrawal is allowed, then the bonus rate is gone! From my understanding, if we were to open to this in January (if it is still around), then this bypasses the conditional bonus if we were to withdraw after January?

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/82060654#Comment_82060654

From my understanding if you close the account early due to a rate drop you'd still get the bonus.

Alternatively there's nothing to stop you opening with £10 and not funding further till January if you wanted to hold it speculatively till you decide what to do with it.

KneadtheDough

https://forums.moneysavingexpert.com/discussion/comment/82060660#Comment_82060660

This is an important clause in the terms for Beverley BS Regular Saver Issue 2:

"Each month the account must receive one payment between £10-£500 and also have no withdrawals in the year to be eligible for the Conditional Bonus."

nomorekids

https://forums.moneysavingexpert.com/discussion/comment/82060660#Comment_82060660

Arn't you meant to deposit minimum of £10 each month for the bonus? ie a tenner each month until end of December 2026 if you are thinking of minimal funding to start with and then between £10-£500 for the whole of 2027 for the conditional bonus. Anything put in during 2026 should stay for 2027 as well, withdraw and you are down to 1% for the rest of the year. It is a confusing account for sure, just looking up what I did for issue 1 and remember my understanding at the time. Review each January whether to carry on or withdraw, in which case further decide to fund with a tenner for the rest of the year as blown the conditional bonus for that year or simply close