Regularly Beat the Best Savings Account Rates Discussion Area

Kazza242

redcar wrote: »

I don't have £1000 going through the HSBC account regularly but I didn't last time either. I've not seen £1000 mentioned but could more easily argue that I do get a salary going into the account (from mystery shopping) which is fairly regular. Do you know of anyone being refused this rate at the end of the year for not meeting the conditions or would they have to let you know part way through?

I recall that HSBC used to mention on their website that monthly salary credits of at least £1,000 were required in order to qualify for the regular saver. I looked for the £1,000 stipulation yesterday when I was replying to your earlier post, but I could no longer find it on their website.

The new T&C's state:

You must already have a sterling Bank Account or Basic Bank Account with us which your salary or regular retirement income is paid before you can apply for a Regular Saver.

As long as your salary is going in each month you should qualify for the 8% regular saver. I haven't seen any posts on MSE whereby someone hasn't received the 8% rate.

marika100

hi could someone help me out there?! i am bogged down with reading articles on the best savings accounts i have approx £30.000 to invest from sale of my house which at present is in barclays savings account who would be the ultimate bank to save with to earn the highest interest help!!!!!!!!!!

cornerstone13

Marika100 - easiest thing would be to open a Sainsburys Bank internet savings account which is currently paying 6.25% gross. It's a "clean" account - you get that rate without having to fulfill any conditions such as paying in salary or not withdrawing money. Once you've got it safely in there you can spend time researching other places to put the money, depending on how long you want to leave it there etc - and while you're making up your mind it will be paying a good amount of interest

frivolous_fay

Hello,

Edit: Ok, I found some people mentioning 12% with A%L but I'm not sure why it's not more widely recommended

(Sucky linked account notwithstanding)

johnydeath

frivolous_fay wrote: »

Hello,

Edit: Ok, I found some people mentioning 12% with A%L but I'm not sure why it's not more widely recommended

(Sucky linked account notwithstanding)

Because it's only guaranteed 1 year, you cannot withdraw any money during the period and you can only shovel in a max of £250 a month perhaps?
http://www.alliance-leicester.co.uk/savings/index.asp?page=prs3

butterfly72

Hi,
I've just opened a Leek United RS at 7.50% paying in £250 (the max) per month. I did ask and search for feedback on Leek before I opened the account but didn't get anywhere. So just to let anyone whos interested know, the service was very good and the account was opened in days! Very efficiant. I downloaded and printed the forms and sent them with ID and a cheque (seperate envelopes!) and got the info and passbook back 3 days later!. I don't think you can make withdrawals or alter the amount but this is ok with me.

I also have the halifax RS at 7%. I use this to save for my cash ISAs as it matures in march or april. I also have a HSBC internet saving account.. but am considering moving to Sainsbury for a bit more accessibility to my cash should I need it!

frivolous_fay

johnydeath wrote: »

Because it's only guaranteed 1 year, you cannot withdraw any money during the period and you can only shovel in a max of £250 a month perhaps?
http://www.alliance-leicester.co.uk/savings/index.asp?page=prs3

I really don't see a massive advantage in being able to withdraw money from an account of this type when it benefits you to leave it in.

Payment limits are pretty much the same as Lloyds and I've s[EMAIL="I@een"]een[/EMAIL] that recommended.

monicainplymouth

hi,finally got myself debt free,and now have £3k to save.i tried to put it in ns&i mini isa but it would'nt accept my electron card and other isa's need a proper current account and cheque book to pay the money in.
i feel discriminated against because i dont have any grown up cards or accounts (because i am just coming back from being in debt) as a means to actually pay the money in to the best buys! :mad: any ideas what i can do with my£3k?

expatsaver_3

Just to reply to Mary, she may have been looking at another site. interest-rates.org.uk only has savings rates.

Saver0001

Hi I have a couple of questions too as I opened the 6.4 B&B account and can only send money to one other account. Other than the Saffron account mentioned above what other accounts can I use as the 'feeder'? Also is there a trick to opening the YorkBS 7.1% account as I can't seem to do that either.