The Top Regular Savers Discussion Thread

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/81885156#Comment_81885156

There is such thing as a joke too far.

clairec666

https://forums.moneysavingexpert.com/discussion/comment/81885180#Comment_81885180

Yes. Inevitably any good loophole will get talked about, it's not just this one (see also Cahoot Sunny Day Savers, free eToro shares…)

If it wasn't for this forum I'd never have heard of Monmouthshire Building Society and wouldn't be getting 7% interest on £1000 deposits per month.

Bridlington1

I've now cleared out the recent additions list. The following accounts were added in the second half of January but remain on the main listings.

Leeds BS Regular Saver (Issue 74) at 4.45%	Launched 30/1/26
Mansfield BS My Milestone Saver at 6%	Launched 22/1/26
Market Harborough Fixed Term Regular Saver (31.03.2027) at 5.75%	Launched 20/1/26
Yorkshire Building Society Christmas 2026 eSaver/saver at 5%	Launched 15/1/26

The recent additions list remains long though given 13 regular savers were added in as many days.

jaypers

https://forums.moneysavingexpert.com/discussion/comment/81884929#Comment_81884929

I had same issue with no text message but there’s an option for email instead. That worked.

dealyboy

I think squabbling amongst ourselves about the rights and wrongs of opening and managing regular savers and indeed what is or is not appropriate for this thread is outside its scope.

I think we have to respect Bridlington and the trust given to him by the moderators.

Bigwheels1111

All this bitching and moaning is irrelevant.

People will do what they want, right or wrong.

Thats the game.

Lidl only let you buy 6 of their discounted line at the weekend.

O’ well I will just buy 6, put them in the car and go back and buy 6 more.

It states 6 per visit, 2 visits equals 12.

Re reg saver, if at maturity there is an option to open a second, third or fourth & Fifth.

Opting for it is ok in my book.

They can say no, or should they have a system in place to stop it.

I have 2 options open for issue 5 reg savers.

I will take the option. It’s there.

Now you can go ahead and judge me 🙄

clairec666

https://forums.moneysavingexpert.com/discussion/comment/81885436#Comment_81885436

I am generally in agreement with you re the Lidl analogy. And I've completed a fair few bank account switches with no intention whatsoever of using the account, so I'm okay with "playing the system".

And yes, I've had duplicate Principality accounts for a while. Due to current circumstances (won't bore you with the details) I'm withdrawing money from a lot of my regular savers, so there's no point in getting multiple issue 5s. Not playing the game this time, but I'm not going to criticse anyone who does.

Where your analogy breaks down slightly is that nobody signed any T&Cs when walking into Lidl. If you attempt to open multiple Principality accounts of the same issue, whether at maturity or otherwise, you are ticking a box to say you agree to the T&Cs. And the T&Cs clearly state that you can only have one of each issue. Of course, nobody reads the T&Cs properly, but if you said you agree to them, then you have to face the consequences if you are found to be breaching them.

masonic

https://forums.moneysavingexpert.com/discussion/comment/81885452#Comment_81885452

If you buy something in a physical shop then a legally binding contract is created for the sale or supply of those goods or services (which is a good thing because many of your consumer rights stem from this). This could require you to accept limits on the extent you can take advantage of promotions or discounts, which if you tried to circumvent (for example by surreptitiously splitting transactions at the self-serve checkouts) you'd be in a similar position some of the regular savings antics being discussed. There are other real world examples of such as the practice of "wombling" (redeeming loyalty points or rewards from other people's shopping). All these practices fall into a legal grey area in relation to contract law. One can enter into a contract without explicitly signing or ticking a box.

clairec666

https://forums.moneysavingexpert.com/discussion/comment/81885487#Comment_81885487

My legal knowledge is very limited, so thanks for the info.

UKX69

https://forums.moneysavingexpert.com/discussion/comment/81885359#Comment_81885359

Thanks for the info. Funny thing is - I should have mentioned before - like you I did receive an email message once. But the system refused to accept it. Maybe because I had requested a text! Hanley didn’t like me for some reason. 😳