The Top Regular Savers Discussion Thread

mhoc

Darlington - just reviewing the forthcoming jobs and realised that Darlington esavers mature at the end of August and on the website there is no esaver to replace it so far …just the standard low paying Darlington regular saver which I already have.

Yorkshire - another building society that seems to have slipped below the waves.

Newcastle regular saver 1 - looking at the website but not logged on its not showing on the available list now just the regular saver 2. I think that ship has now sailed - no longer possible to close issue 1 and refresh - pity about this. But its only 5.10% so if funds get tight before the October maturity date is will be culled anyway.

snookerloopy96

https://forums.moneysavingexpert.com/discussion/comment/82097146#Comment_82097146

Hahaha, you'd think they would be the same.

I deleted my Mancs e-mail as I'd already screenshot the account details.

csw5780

https://forums.moneysavingexpert.com/discussion/comment/82097213#Comment_82097213

As posted by @bridlington1 up thread

The Newcastle application link for RS1 is still (currently) available:

https://services.newcastle.co.uk/applications/apply?productId=NCLRSA1

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/82097241#Comment_82097241

But account closure'd take place the next working day for Newcastle so if wanting to refresh you'd be better off hanging fire till tomorrow in case the link gets killed in the meantime.

It's a risk either way though at this point given we can't tell how long the link'll last, personally if I held issue 1 already I wouldn't be refreshing unless it had a minimal balance and was due to mature soon, otherwise if there was a chance I'd use it before maturity, I wouldn't risk it.

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82097283#Comment_82097283

And at only 5.15%, would there be much benefit to refreshing? It's very different to the 5.4% Manchester Issue 1 which has favourable conditions of maturing after 2 years and accepting £500 per month.

janusd

https://forums.moneysavingexpert.com/discussion/comment/82097353#Comment_82097353

there was/is a Newcastle BS equivalent of the Manchester BS Issue 1 launched a month after MBS1 - their Monument RS (mentioned on p1) - I think initially available online, now effectively one branch only opening… but I think the terms/rate are the same as MBS1.

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/82097353#Comment_82097353

If 5.15% beats your easy access rates or is close to easy access rates then it's handy to have the account in case you need to use it. For me it'd purely be a speculative opening and forms part of my ``dripping tray" of RSs that pays more than EA accounts but isn't high enough for me to actively fund.

Plus there's an element of us not knowing how interest rates shall go over the coming year, Newcastle could raise the rate on their RS Issue 1, other RSs may cut their rates, who knows.

surreysaver

https://forums.moneysavingexpert.com/discussion/comment/82097616#Comment_82097616

That's what I do. 5.15% is slightly higher than my easy access rate, so any spare money goes into the 5.15%, and it's easy access with funds sent the same day if I need the funds.

Slinky

Monmouth

Just set up payments this morning for my new Monmouth account, obviously it's a long time since I set up standing orders last year and I don't remember if it happened then, but despite what Monmouth say on their instructions, COP check by Santander said I was paying a Personal, not a Business account. I triple checked the numbers and paid anyway.

Anyone else had this?

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/82097820#Comment_82097820

What did you use as the payee name? I've found these days for Monmouthshire etc the COP checks the payee reference so you should set the payee as personal, then use your name as the payee name.

It didn't used to be the case, but has been for the last year or so IIRC.