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  • FIRST POST
    • Special_Saver2
    • By Special_Saver2 27th Nov 07, 10:33 PM
    • 1,088Posts
    • 3,670Thanks
    Special_Saver2
    Regular Savings Accounts: The Best Currently Available List!
    • #1
    • 27th Nov 07, 10:33 PM
    Regular Savings Accounts: The Best Currently Available List! 27th Nov 07 at 10:33 PM
    1. Introduction

    Welcome to this thread. I continually edit the first few posts of this thread to keep it up-to-date. This thread is meant to complement Martin Lewis' article which you can read here: Regular Savings Accounts and the accompanying discussion thread Regularly Beat the Best Savings Account Rates Discussion Area

    I am happy for people to use this thread to discuss the regular savings accounts on this list. If people want to discuss one of the feeder accounts or a maturing account that is no longer on this list, I am happy for people to post something on this thread (as it may be of interest to some of the people who follow this thread), although I would prefer they start a new thread and then post a message on this thread with a link to the new thread.

    I am only including accounts where the interest rate is 2.5% or better, or 1.5% if there are particularly favourable terms and conditions (e.g. fixed rate, no maturity date, allow payment of £500 or more per month, or have unlimited withdrawals without penalty).

    I have not included regular saver ISA accounts which you can find in Kazza242's thread here: Mini Cash ISAs: The Best ISAs Currently Available List

    I have included children's regular savers but I would strongly recommend that you read the section about the tax implications
    for interest from children's accounts in Martin's article Best Child Savings.

    If you are not sure whether the best place for your money is in a regular savings account or another type of savings account then look at Martin's article How to Start Saving. If you want to see a worked example of how to use these accounts to save the maximum possible, see the thread What is the Highest Interest Rate You Can Get?

    If you have information about a new regular saver account then please feel free to post a message on this thread or you can write a separate thread and then post a link here. Please try and limit discussion on this thread to regular savings accounts.

    If you want to bookmark a link that allows you to jump straight to the end of this thread then use this: http://forums.moneysavingexpert.com/...8697&page=9999

    If you want to receive automatic alerts when new posts are added to this thread then use the following instructions. Login, go to the top of any page in this thread, click "Thread tools" then click on "Subscribe to this thread" and then select whether you want to be notified as soon as there is a new post (you will receive an e-mail telling you to go to the website for more details) or select daily or weekly updates (you will receive an e-mail daily / weekly with a handy summary of all the new posts).

    You may also be interested in the following threads:
    How can regular savings accounts offer such good interest rates?
    Are Regular Savers still worth it? (Calculations and discussion regarding drip feeding lump sums into regular savings accounts)
    Is there a best time of the month to deposit in Regular Savers?
    Transfers from Barclays to regular savings accounts
    Interest on BACS credits
    Direct Debit Payments
    A-Z of bank/building society sort codes/account nos
    Account opening date and 13th payments

    Websites with useful information include:
    Moneyfacts.co.uk News Page
    Moneyfacts.co.uk Regular Savings Accounts Page
    Moneyfacts.co.uk Children's Savings Accounts Page
    Moneysupermarket.com Regular Savings Accounts Page

    (you need to choose the right hand option on that page to view all regular savings accounts)
    Savings Champion Regular Savings Account Page

    Thanks to Money Savers
    adindas, Afahmaep, alanq, aleph_0, AlwaysLearnin, apt, Archi Bald, Ashen, Baldur, blindman, Bluebirdnick, bob792, bristolleedsfan, Careful_ly, Chadsman, Chaykin, chookie1, chris1, colsten, Cosworth806, ctdctd, Dagobert, DeepSporran, dougz, Ed-1, edda, F4, Fella, Froglet, Frogletina, glider3560, gt94sss2, happy with my lot!!, HardCoreProgrammer, IanIan, IanManc, info addict, InMyDreams, innovate, interest Ted, jdavtz, jimbow25, Jo Blogs, johnmoney05, karlie88, Kazza242, Ken68, KTF, lightbulb2760, LongTermLurker, lr1277, lucky77, mary, midzone, MarkFromMullion, MARTYM8', Milarky, moi, moneylover, Money_Man_Steve, MoneySaverLog, motoko, Mr Pumpendumpen, MRMX9, mrssjs, Nessie23, Newly retired, Nick_C, nicko33, notalk, numbers123, Old Slaphead, opinions4u, oxenryd, parker1982, patientperson, penguine, premierfella, psychic teabag, quinlanmd, RayWolfe, red ant, redcar, Rich2808, SalsaDanca, secret wookie, schiff, shokadelika, Snowman, Speculator, steveteach, steve65e, veryintrigued, ViksB, vinylmusic, Vortigern, weeallen, Westie983, worried3, Willing2Learn, and YorkshireBoy for their contributions (useful posts either directly on this thread or on another thread that I have then incorporated here).

    I have divided up the information here into several different sections. You can therefore easily skip any sections that you are not interested in.

    Unless indicated otherwise, you can only open one of each account.


    I have included a summary of the terms and conditions of each account as these can be complicated with regular savings accounts. I would advise you to look at these terms and conditions to check that the account is suitable for you.

    2. No Time Limit / Account Maturity Date

    The advantage of these accounts is that you can build up a large balance which all earns a high rate of interest. You also avoid the hassle of continually opening and closing accounts and setting up new standing orders for each new account. The terms and conditions are also generally good - they generally allow you to make a penalty-free withdrawal and miss a payment each year. The disadvantage of these accounts is that there is no guarantee that the rate will remain high and often these accounts have a balance limit. If the interest rate drops after 12 months then I include the account in post 4 instead.

    3. Matures After More Than 12 Months

    The interest rate drops significantly after the date specified.

    4. Matures After 12 Months

    These accounts usually offer higher interest rates and they often offer interest rates that are fixed for the full 12 months. The main disadvantage with these accounts is that after 12 months the interest rate usually drops significantly. The terms and conditions can also be quite restrictive, so read them carefully.

    5. Matures After 12 Months, Requires Another Account

    These accounts are similar to the above accounts but they require you to open another account (usually a current account, which often has a funding requirement). They are more hassle than the accounts in section 4 but usually have a higher interest rate in return.

    6. Matures After 12 Months, Requires Another Product (Insurance or Investment)

    These accounts usually also offer a short term, high interest rate but they require you to make a long term investment or take out an insurance product.

    7. Matures After Less Than 12 Months

    These accounts are usually Christmas Saver accounts designed to encourage saving in time for Christmas.

    8. Homebuyer Accounts

    Okay, these accounts will not be of much use to you unless you are going to buy a house but they may be of use to some of you out there.

    9. Best Feeder Accounts

    These are accounts where you can leave a large lump sum and drip feed the money into your regular savers each month. Certain accounts are not listed here as they cannot transfer money directly to regular savings accounts. The accounts listed can do BACS transfers to regular savings accounts directly. Alternatively, if you have an offset mortgage, you might be able to use that as a feeder account but it is only worth doing so if the interest paid (after tax) on the regular saver account is higher than the interest rate on your mortgage account.
    Last edited by Special_Saver2; 05-11-2017 at 7:54 PM.
Page 259
    • Hattie625
    • By Hattie625 16th Mar 17, 3:49 PM
    • 617 Posts
    • 480 Thanks
    Hattie625
    Virgin Money - New as from today

    Regular E-Saver Issue 4 £250 pm 2.25%

    There's also a parallel Store version for those who can easily get to one. (Issue 3)

    http://uk.virginmoney.com/savings/find/results/#all (easy access)
    Originally posted by Jo Blogs
    Thanks for posting this. I've just opened the online Issue 4, made the first payment by faster payment and set up monthly Standing Order from 1 April.
    • Jo Blogs
    • By Jo Blogs 16th Mar 17, 4:07 PM
    • 751 Posts
    • 2,594 Thanks
    Jo Blogs
    Thanks for posting this. I've just opened the online Issue 4, made the first payment by faster payment and set up monthly Standing Order from 1 April.
    Originally posted by Hattie625
    You're very welcome
    Last edited by Westie983; 16-03-2017 at 7:34 PM.
    Saved Nitty Gritty £7440.75 [149%] / £5000-[Sep] £58.44 for the 'Save 12k in 2017' #157
    2017 Womble #35 £3463.27 Sept NSDs 4/15CCCChl 9/12 months
    Sept PPChl#002 Pts 71
    • karlie88
    • By karlie88 16th Mar 17, 5:37 PM
    • 8,298 Posts
    • 106,011 Thanks
    karlie88
    Going to lose count at this rate...

    Out of interest, has anyone won any Virgin Money prizes since opening these regular savers?
    Official MSE canny forumite and HUKD VIP badge member
    • colsten
    • By colsten 16th Mar 17, 7:35 PM
    • 8,788 Posts
    • 7,466 Thanks
    colsten
    Out of interest, has anyone won any Virgin Money prizes since opening these regular savers?
    Originally posted by karlie88
    I had a £7 paper voucher to use in a kiosk at Old Trafford on a matchday.
    • Westie983
    • By Westie983 16th Mar 17, 7:39 PM
    • 3,842 Posts
    • 14,002 Thanks
    Westie983
    Virgin Money - New as from today

    Regular E-Saver Issue 4 £250 pm 2.25%

    There's also a parallel Store version for those who can easily get to one. (Issue 3)

    http://uk.virginmoney.com/savings/find/results/#all (easy access)
    Originally posted by Jo Blogs
    Thanks for letting me know, just opened Issue 4,

    So now my list looks okay, I have closed down the Matchday one just now and the funds have been sent back to my current account which I have used to fund the Issue 4 and I will open Issue 3 store based when I go on Monday as I had already booked an appointment to open the store based matchday account, so now I will just open issue 3 instead.

    I am happier now my list of virgin account now run smoothly...

    E Issue 1 - 4
    Branch Issue 1 & 2 ( & 3 to be opened)

    Westie983
    Last edited by Westie983; 16-03-2017 at 7:45 PM.
    Save 12k in 2017 #16 Total £22,555/£12,000 = 187.95%
    Sealed Pot Challenge ~ 11 #97 Total (£410) + £0.00/£800 = 51.25% ( x 11)
    Xmas 2017 £1 a Day #6 Total £400/£365 = 109.58%
    Virtual Sealed Pot #1 Total £1,600/£1,800 = 88.88%
    £2 Savers Club 2017 #3 Total (£1,450)+£50/£2,000 = 75.00%

    Total £26,465/£16,965 = 155.99%

    I'm a Board Guide on Budgeting & Bank Accounts, Debt-Free Wannabe, Disability Money Matters, and Savings & Investments. I'm a volunteer helping the boards run smoothly, but I'm not a moderator, and do not read all posts. If you see an inappropriate/illegal post then email forumteam@moneysavingexpert.com
    • Vortigern
    • By Vortigern 16th Mar 17, 7:40 PM
    • 2,310 Posts
    • 1,515 Thanks
    Vortigern
    I had a £7 paper voucher to use in a kiosk at Old Trafford on a matchday.
    Originally posted by colsten
    Sell on eBay?
    • Neil Jones
    • By Neil Jones 16th Mar 17, 8:02 PM
    • 942 Posts
    • 522 Thanks
    Neil Jones
    I had a £7 paper voucher to use in a kiosk at Old Trafford on a matchday.
    Originally posted by colsten
    Not a prize, more a "perk" of the matchday saver. I have no interest (or use for) it, but that being said it has no expiry date on it so if one day I go totally mad and decide to spend a fortune watching a leather ball of air being kicked around a field, it may be useful as free food. Unless the men in white coats get me first
    • karlie88
    • By karlie88 16th Mar 17, 8:07 PM
    • 8,298 Posts
    • 106,011 Thanks
    karlie88
    I had a £7 paper voucher to use in a kiosk at Old Trafford on a matchday.
    Originally posted by colsten
    Likewise.

    But I'm talking about holidays, cases of wine, hot air balloon experiences etc.
    Official MSE canny forumite and HUKD VIP badge member
    • adindas
    • By adindas 16th Mar 17, 9:23 PM
    • 3,314 Posts
    • 1,640 Thanks
    adindas
    I had a £7 paper voucher to use in a kiosk at Old Trafford on a matchday.
    Originally posted by colsten
    i got mine this week as well. I have thrown it to the bin as I am not going to use it anyway.
    • Ashen
    • By Ashen 16th Mar 17, 10:32 PM
    • 391 Posts
    • 256 Thanks
    Ashen
    I believe Virgin Matchday savers will get another 2 more Old Trafford vouchers in the next two months, as long as depositing £100 or more.
    • karlie88
    • By karlie88 16th Mar 17, 10:40 PM
    • 8,298 Posts
    • 106,011 Thanks
    karlie88
    I believe Virgin Matchday savers will get another 2 more Old Trafford vouchers in the next two months, as long as depositing £100 or more.
    Originally posted by Ashen
    Wish they'd scrap the vouchers, save themselves the cost of the ink/paper, envelope, postage etc. and just give me a tenner. Heck, even a fiver.
    Official MSE canny forumite and HUKD VIP badge member
    • colsten
    • By colsten 16th Mar 17, 11:02 PM
    • 8,788 Posts
    • 7,466 Thanks
    colsten
    Sell on eBay?
    Originally posted by Vortigern
    I thought about that for a nanosecond. The bin offered a more attractive alternative and won the day.
    • tg99
    • By tg99 16th Mar 17, 11:11 PM
    • 524 Posts
    • 222 Thanks
    tg99
    Virgin Money - New as from today

    Regular E-Saver Issue 4 £250 pm 2.25%

    There's also a parallel Store version for those who can easily get to one. (Issue 3)

    http://uk.virginmoney.com/savings/find/results/#all (easy access)
    Originally posted by Jo Blogs
    Thanks for the heads up - perfect timing as already have an appointment tomorrow to open store Matchday Reg Saver so will add this one at the same time.
    • tg99
    • By tg99 16th Mar 17, 11:13 PM
    • 524 Posts
    • 222 Thanks
    tg99
    I had a £7 paper voucher to use in a kiosk at Old Trafford on a matchday.
    Originally posted by colsten
    Likewise, though the letter should surely have said 'have a prawn sandwich on us' as opposed to 'have a pie on us'.
    • Hal17
    • By Hal17 16th Mar 17, 11:16 PM
    • 92 Posts
    • 39 Thanks
    Hal17
    I had a £7 paper voucher to use in a kiosk at Old Trafford on a matchday.
    Originally posted by colsten
    Interesting that a few of us have received these vouchers, we have two and with more to come. I thought of sending them to a charity shop near Old Trafford and seeing if they could raise any money from them?

    Just a thought.
    • broju
    • By broju 17th Mar 17, 7:48 AM
    • 20 Posts
    • 3 Thanks
    broju
    Yes, I'd thought of that too!
    Anyone on here able to give details of a charity shop close to Old Trafford?
    • Hal17
    • By Hal17 17th Mar 17, 8:14 AM
    • 92 Posts
    • 39 Thanks
    Hal17
    Yes, I'd thought of that too!
    Anyone on here able to give details of a charity shop close to Old Trafford?
    Originally posted by broju
    I found the following:

    Age Concern, 426 Wilbraham Rd, Manchester M21 0AS

    Barnardo's, 563 Wilbraham Rd, Manchester M21 0AE

    British Heart Foundation, Chorlton Place, 7-9 Wilbraham Rd, Manchester M21 9AQ

    Oxfam, 494 Wilbraham Rd, Chorlton !!! Hardy, Manchester M21 9AS
    • badger09
    • By badger09 17th Mar 17, 11:35 AM
    • 5,399 Posts
    • 4,640 Thanks
    badger09
    I had a £7 paper voucher to use in a kiosk at Old Trafford on a matchday.
    Originally posted by colsten
    Me too

    Would anyone like mine?

    Apologies -I posted before reading the whole thread.

    Great ideaHal17
    Last edited by badger09; 17-03-2017 at 11:37 AM.
    • briddj
    • By briddj 17th Mar 17, 1:31 PM
    • 35 Posts
    • 2 Thanks
    briddj
    Can I get the HSBC Premier Account, and just switch £1,750 between accounts on the same day, thus satisfying the £1.75k paying (and the £1k payin on the other account)? Or does HSBC Premier have to have your salary go into it?
    • briddj
    • By briddj 17th Mar 17, 1:41 PM
    • 35 Posts
    • 2 Thanks
    briddj
    Can I get the HSBC Premier Account, and just switch £1,750 between accounts on the same day, thus satisfying the £1.75k paying (and the £1k payin on the other account)? Or does HSBC Premier have to have your salary go into it?
    Originally posted by briddj
    Actually I meant HSBC Advance here. I can see it doesn't need to be your wage on this, but I can't work out if you have to have a minimum running balance? So can I recycle in the £1.75k each month and effectively have that account running at £0 but still benefit from the 5% regular saver?
    Last edited by briddj; 17-03-2017 at 1:47 PM.
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