The Top Regular Savers Discussion Thread

chris_the_bee

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

My welcome letter received today 16.18hrs differs.

"The running rate is the only rate that our online platform can show you sadly.

Both interest payments will be applied to the account on 31st December. There are no withdrawals allowed from this product without forfeiting the bonus until 31st December.

In January you will be able to make a withdrawal and still be eligible for the bonus at the end of the same year".

Chaykin

"at the end of the next year" and "at the end of the same year" makes a big difference. 😉

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82064222#Comment_82064222

Yeah, with chris_the_bee's letter it would be a slam dunk complaint if a withdrawal was made in January and the bonus not paid in December.

jameseonline

https://forums.moneysavingexpert.com/discussion/comment/82049824#Comment_82049824

I don't understand why they've done that other than to confuse tbh, if the rate drops after 1 year, you ditch the account right?, I say confuse because if you scroll down further it mentions reviewing savings options etc.

jameseonline

https://forums.moneysavingexpert.com/discussion/comment/82053071#Comment_82053071

This is probably going to seem really obvious but can you not use another bank to fund Bucks?

jameseonline

https://forums.moneysavingexpert.com/discussion/comment/82053316#Comment_82053316

I use Virgin to manually fund Regulars every month (saved payee) also use Virgin as nominated account for withdrawals eg from Saffron easy access & just moving money in general, only real issue I have is when they do maintenance during early hours which I swear never really used to be a thing because I used to do my monthly payments from 12am onwards

jameseonline

https://forums.moneysavingexpert.com/discussion/comment/82054165#Comment_82054165

Very easy to close online with Principality a few clicks & you'll be done, then wait upto a day to get funds if done on a working day

Joseph1215

It seems straightforward - any interest owing is paid on 31st Dec 2026. You can then make withdrawals throughout Jan 2027 (I don't know if only one allowed or several), then, to keep Dec 2027's bonus, you can't make any more withdrawals until Jan 2028, and so on.

So they pay interest every year in December and you can take out money every year in January. A withdrawal in any other month loses you the next December's bonus.

jameseonline

https://forums.moneysavingexpert.com/discussion/comment/82055432#Comment_82055432

Mine was pretty instant but then I didn't already have any regular savings accounts with them already, haven't for several years, I also use app, think I had to shut down app and reopen but yeah, nice and straightforward other than having to find & remember my login details for the actual website as app directs you there

jameseonline

https://forums.moneysavingexpert.com/discussion/comment/82056181#Comment_82056181

Your minimum is 8%?, crazy as it's the only 8% available I believe