Regular Savers

shazkhan111

Have been a visitor to this site for a long time..... a while back there was a lot of discussion around regular savers.....I thought it was time to revisit this topic.

1. Have there been any new Regular Saver launched.....ie Brittania 7.5%.

2. Have there been any interest rate changes or are there any pending?

It would be good to know! :beer:

tom188

Look on moneyfacts.co.uk or moneysupermarket.com and search for regular savers for new products and current rates.

shazkhan111

tom188 wrote:

Look on moneyfacts.co.uk or moneysupermarket.com and search for regular savers for new products and current rates.

not always up to date and accurate!!

tom188

to the contrary new products and rate changes usually appear here before they do on the providers websites.

the data is provided to these websites by the providers themselves.

ReportInvestor

I'd back tom up here.

I don't personally follow whether Money£acts beats the providers themselves.

But I do know that Money£acts would be out of business if they provided out of date info.

To Shazkhan111 - It's a very good topic to raise, however, in the light of the BofE recent 0.25% raise

IIRC the fixed rate providers are:

A&L 12% (c/a)
Barclays 10% (c/a)
Leek Utd BS 6.0%
Lloyds 8.0% (c/a)
Britannia 7.5%
Halifax 7.0%
Norwich & Peterborough BS 8.0% (c/a)
Principality 6.5%

(c/a = current account needs to be opened first)

Variable rates before any possible increase are:

Bath BS 6.0%
HSBC 8.0% (c/a)
Ipswich BS 8.25% (why would a market leader need to increase its rate?)
Scarborough BS 6.0%
Yorkshire BS 6.5%

The interesting one re possible rate rises IMHO is YBS. That's a very good account already since you can still continue to earn capital on the first year's contributions after the initial 12 months .

tom188

I don't personally follow whether Money£acts beats the providers themselves.

To clarify I mean that often the updated rates appear on moneyfacts before the provider updates their own website. (I know they are not psychic!)

ReportInvestor

That's exactly what I understood you said before your clarification .

anniecave

Abbey also do a 7% fixed monthly saver

Dan29

Also, Chorley 7% Variable, and possibly Stroud & Swindon 7% Fixed (EDIT: no longer available).

Leeds, Derbyshire and Cheshire's Regular Savers will leave you worse off than keeping the money in a Coventry First account, if my maths is correct.

Market_Oracle

I like the Yorks Building society and TSB ones since they are for multiple years.

Dan29

Market_Oracle wrote:

I like the Yorks Building society and TSB ones since they are for multiple years.

Yes - I think Lloyds TSB is 2 years, and Yorkshire is max balance £20,000?

Also, Ispwich is 2 years, and Scarborough and Bath have max balance of £15,000, IIRC.