Regular Saver Thread **New and Restarted**

sush40

aj23 wrote: »

I opened my H2B ISA when it was 4% and it still is 4% 2 years later. .

So you still earn 4% on all the money you saved into this account during 2 years? That's why I think it's a good saving account (at least after 12 months)

ValiantSon

sush40 wrote: »

So you still earn 4% on all the money you saved into this account during 2 years? That's why I think it's a good saving account (at least after 12 months)

But you wouldn't earn 4%; you would earn the current rate, which is 2.5%.

eskbanker

ValiantSon wrote: »

But you wouldn't earn 4%....

For a horrible moment there, I thought that was going to be yet another one of those 'you only get half the interest rate on a regular saver' posts!

ValiantSon

eskbanker wrote: »

For a horrible moment there, I thought that was going to be yet another one of those 'you only get half the interest rate on a regular saver' posts!

Nope, just pointing out that the interest rate is not 4% any longer.

sush40

ValiantSon wrote: »

You could open a regular saver with Leeds Building Society, which pays 2.55% on up to £250 per month, and there is no requirement to have other accounts with them. Likewise, Virgin Money pay 2.25% on up to £250 per month in their regular saver.

I read about these accounts, but I think the HTB still beats them because we can deposit and start earning interests on £1200 from the first month, better than £500.
Also after 12 months, interests on £3200+.

As for the current accounts, I know it beats the HTB ISA but I'm just not interested in opening another current account and having to pay direct debits and income on it every month.

Sea_Shell

Quick question...would payments to Leeds regular saver be by faster payment? And how easy are they to deal with online? It says " some" activities can be done online, but what?

ValiantSon

sush40 wrote: »

As for the current accounts, I know it beats the HTB ISA but I'm just not interested in opening another current account and having to pay direct debits and income on it every month.

You don't need direct debits for the Nationwide account if you don't want the refer a friend bonus. You can open the account without any direct debits on it and cycle in (and out) £1,000 per month. This will get you 5% on £2,500, plus 5% per month on £250 in the regular saver, i.e. £205.64 after one year.

AirlieBird

For all you Virgin Regular Saver addicts, time to make an appointment. Issue 10 now available. Everything as previous issues.

schiff

AirlieBird wrote: »

For all you Virgin Regular Saver addicts, time to make an appointment. Issue 10 now available. Everything as previous issues.

So still 2.25%? Disappointing. Especially as a hike in bank rate has been tentatively forecast.

I'm lucky enough to live in Nottingham BS's area and I already have the equivalent of 16 monthly payments to a Virgin RS in their Cash ISA at that same rate within three weeks.

liamcov

eskbanker wrote: »

For a horrible moment there, I thought that was going to be yet another one of those 'you only get half the interest rate on a regular saver' posts!

Ha me too