Regular Saver Thread **New and Restarted**

ColdIron

glaister wrote: »

When it the optimal time to open a regular savings account?

Is it best to open an account at the end of the month (including first payment), and then shift the subsequent payments to the start of the next month?

Or is it simply best to open an account at the start of the month?

Thanks!

If it's an account that works on a calendar month and not a fixed date then the end of the month, you'll have more money in the account earning interest for its duration. Also don't forget that you will usually be able to make 13 payments

Special_Saver2

Hi Folks,

Here is this weekend's update.

- Nottingham BS Special Saver (Issue 7) withdrawn and removed from post 3

I will do another update next weekend.

SS2

---

For those new to this thread, the first few posts are constantly updated and are on the first page

JamesRobinson48

Leek United BS has closed its RSA (branch only, 2.25% p.a. variable) to new customers.

They've replaced it with the new "Flexible Saver Account" (see link below), which can be opened by post but pays only 1.75% (variable) for a maximum of 12 months. Personally, I'm unlikely to bother with that one.

https://www.leekunited.co.uk/savings/flexible-regular-saver/

Fingerbobs

JamesRobinson48 wrote: »

They've replaced it with the new "Flexible Saver Account", which can be opened by post but pays only 1.75% (variable) for a maximum of 12 months. Personally, I'm unlikely to bother with that one.

The new account is potentially interesting because you can deposit up to £1000 per calendar month.

Steve_xx

IanManc wrote: »

But less interesting when you discover "Withdrawals can be made on the anniversary of account only."

Unless you choose to close it, then you can do so without penalty, it seems.

jimbow25

FYI the link to the Leek United account appears to be dead and I cannot find a reference to it on their website. Shame as it sounded like a great deal.

ashteadgirl

Called Flexible saver

https://www.leekunited.co.uk/savings/flexible-regular-saver/

soulsaver

ashteadgirl wrote: »

Called Flexible saver

https://www.leekunited.co.uk/savings/flexible-regular-saver/

Says open by post or in-branch. Can it be operated on line? Or at least visible on line?

jimbow25

ashteadgirl wrote: »

Called Flexible saver

https://www.leekunited.co.uk/savings/flexible-regular-saver/

Apologies just saw this was covered in post 1965 already.

Father_Christmas

Anyone know if the virgin money regular saver account is able to be viewed online? I know it’s open by branch only but hoped to at least view it in my account list.