TSB Monthly Saver rate to drop

YorkshireBoy

guestman wrote: »

I honestly couldn't care, I have 1 payment left. ill then shift the cash over to my FD account ive just set up and let my FD monthly saver take £300 a month for the 6% they offer

You're going to dump £3K+ in an account paying little or no interest, from where you'll drip feed £300 a month into a 6% account? Meaning an effective 3% over the next year?

Frogletina

My interest has just been added to the account, £80.62. Still shows as a monthly saver account but with 1% interest.

I will move all of the money in the morning.

frogletina

derrick

Frogletina wrote: »

My interest has just been added to the account, £80.62. Still shows as a monthly saver account but with 1% interest.

I will move all of the money in the morning.

frogletina

Mine is now showing as "Easy Saver" @ 1%, but if you open a new Monthly Saver, the rate is 2% fixed for 1 year.

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teddysmum

derrick wrote: »

Mine is now showing as "Easy Saver" @ 1%, but if you open a new Monthly Saver, the rate is 2% fixed for 1 year.

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I opened my 5% saver on Saturday, but will not renew if it is still just 2% in a year's time, assuming there is still competition elsewhere.

Frogletina

derrick wrote: »

Mine is now showing as "Easy Saver" @ 1%, but if you open a new Monthly Saver, the rate is 2% fixed for 1 year.

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I might open one and just put £25 a month into it in case other accounts drop below 2% during the year. I have a few regular savings accounts. A couple mature in the next two months.

frogletina

typistretired

Well I wont be renewing mine 2% is too low! Can get 2.15% with my Coventry ISA. Probably go for the Leeds BS Regular Saver at 3.05% as I will be able to fund to get the bonus.

Westie983

Kim_13 wrote: »

Oh well, it was good while it lasted.

Just a side issue to get the most out of my 5% one before it expires; has anyone made a 13th payment into it?

Changed my SO to the 1st a while ago and tomorrow is the 12th payment. Could I do another in August before it expires on the 20 something? I looked for the T and C's online and could only find a summary sheet which didn't say either way.

I haven't quite had the maximum each month so could simply top up to the 3k with the 13th payment if there's a 3k limit.

Thanks

I did this today, changed from the 21st, as 12th credit was last month.

Mine is due to mature on the 12th July, the first month (21/07/15) I only paid in £25 as its was the opening transaction and the other 11 months was £250 on the 21st of the month.

I have 'topped' it up with £225, today which makes it up to £3000.00 which is the maximum allowed.

So yes I have paid in 13 payments but not sure if it will make a difference but will just have to wait for maturity on the 12th.

Westie983

Cambridge offers a regular saver at 3%, funded via SO, cheque, Debit card or cash over counter if you are local.

Fixed for a year as other regular savers are, found this by googling regular saver accounts.
A 'plus' with this one is that you can miss a payment, and have multiple payments as long as you don't exceed £300 a month.

https://www.cambridgebs.co.uk/savings/bonds/bonds

I will be opening this one next month, as I already have Leeds and the other 6% and 5% ones, with the opening deposit from the maturing TSB one.

bristolleedsfan

Westie983 wrote: »

Fixed for a year as other regular savers are, found this by googling regular saver accounts.
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I received an email this morning from "savers friend" at 7.50am mentioning this account and posted it on most appropriate thread a few hours later.

http://forums.moneysavingexpert.com/showpost.php?p=70923776&postcount=4011

MARTYM8`

bristolleedsfan wrote: »

I received an email this morning from "savers friend" at 7.50am mentioning this account and posted it on most appropriate thread a few hours later.

http://forums.moneysavingexpert.com/showpost.php?p=70923776&postcount=4011

Saffon BS offers a 3.5% one year fixed rate regular saver - maximum £200 a month but its very flexible (i.e. even if you only make one £200 payment in month 1 you still get the 3.5% on that at year end even if you make no more payments).

Existing members of 12 months or more can open this by post but new members must go into a branch - their network is mainly in Essex and West Hertfordshire. The closest branches to London are in Brentwood and Ware.

Of course various banks offer 4 to 6% one year regular savers - albeit like TSB tied to having a current account.

http://www.saffronbs.co.uk/savings/display.product/?categoryID=1&category=general&productID=g2

The Nottingham BS also offers a 3.1% regular saver and a 3% regular saver isa - but this must be opened in a branch. Most of their branches are in the east midlands but they do have a couple in Herts too down south.

https://www.thenottingham.com/savings/products/regular-saver/

https://www.thenottingham.com/savings/products/starter-isa-issue-6/