The Top Regular Savers Discussion Thread

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82063747#Comment_82063747

I closed a MonBS and moved £6k (+ interest) to RBS with no issues last week.

Bob2000

https://forums.moneysavingexpert.com/discussion/comment/82063737#Comment_82063737

Maybe worried was the wrong word more concerned. Like others have said this will be a lot more cash than the average RS maturity total(for me anyway). With the funds already earmarked for other stuff l dont really what to be faffing about with phone calls.

Hopefully everything will be fine.

topyam

https://forums.moneysavingexpert.com/discussion/comment/82063660#Comment_82063660

So this implies you can make one withdrawal?

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82063848#Comment_82063848

By my reading it implies only if you do it in January - any other month and you would lose the bonus. Better than nothing and people are usually short of cash in January I guess. But reading it again, if you withdrew in January 2027 and were eligible for the bonus at the end of the following year that would be December 2028, so no allowances compared to what the terms were believed to be while the account was on sale.

But it’s a long time you’re potentially earning 1% for following a withdrawal before you find out for certain - though a complaint would be justified if you had it in writing that a January withdrawal could be made without loss of bonus for that year.

topyam

https://forums.moneysavingexpert.com/discussion/comment/82063898#Comment_82063898

Have opened it, but haven't funded yet. The ability to withdraw isn't clear, and that's the deal breaker for me.

Joseph1215

https://forums.moneysavingexpert.com/discussion/comment/82063848#Comment_82063848

Yes. I think it's so you're given access to the interest in this tax year and therefore have to declare it. But the withdrawal can only be made next January, I assume.

Joseph1215

https://forums.moneysavingexpert.com/discussion/comment/82063898#Comment_82063898

I have it in writing (or rather in their welcome message on my account) that you can make a withdrawal in January and not lose the bonus.

"In January you will be able to make a withdrawal and still be eligible for the bonus at the end of the following year." (December 2027)

chris_the_bee

https://forums.moneysavingexpert.com/discussion/comment/82063938#Comment_82063938

Very unclear. Italics are mine

"In January (2027) you will be able to make a withdrawal and still be eligible for the bonus at the end of the following year." (ie 2028)

Joseph1215

https://forums.moneysavingexpert.com/discussion/comment/82063957#Comment_82063957

Timeline:

31 Dec 2026 5.5% interest on max £3000

Jan 2007 Can withdraw

31 Dec 2027 5.5% interest on 2026 deposit + max £6000 if no withdrawals made after Jan 2027

Jan 2028 Can withdraw

And so on

surreysaver

https://forums.moneysavingexpert.com/discussion/comment/82063904#Comment_82063904

If you're talking about Beverley, you need to fund it within 7 days of opening