Regular Savings Accounts: The Best Currently Available List!

tiptoe_mouse

LittleVoice wrote: »

If you need access, close the account - at the beginning of a month (check whether this is a calendar month or "account month") to minimise the interest penalty.

Thanks - do you know that they will let me close the account early? Is there reference to this on Santander's website anywhere?

Cheers,

tiptoe

LittleVoice

tiptoe_mouse wrote: »

Thanks - do you know that they will let me close the account early? Is there reference to this on Santander's website anywhere?

Cheers,

tiptoe

No, I don't know that they will. Depends whether they interpret closure as a withdrawal. However, it does not say "no early closure before maturity".

I suggest you go into a branch - probably have to wait, make an appointment and return later - and ask. If they say it is possible to close early, get that in writing.

Never trust what they say if they don't provide you with written confirmation.

Personally, I wouldn't touch Santander even for 25% a year.

Special_Saver2

Hi Everybody,

This has definitely changed. The information from my post used to be correct but it looks like it has changed. If you click on the "summary information" on the right hand side of the Fixed Rate Monthly Saver page, it brings up a handy summary sheet which says clearly that there are no withdrawals prior to maturity.

I am going to go into the relevant post on the first page of this thread to update it.

I will also mention that I am having a lot of trouble with my internet connection at the moment. I will do an update for this thread once my internet connection is working okay.

All the best,
SS2

P.S. I have also updated the entry on the Super Fixed Rate Monthly Saver account as that has changed too - it now also does not allow early closure. I am also putting a note against the Halifax International account to advise people to apply by 2nd August if they want one.

huw01

Careful_ly wrote: »

Hi All

Another regular saver for us from Principality paying 4% fixed for a year.
http://www.principality.co.uk/default.aspx?page=2010
The Rugby regular saver allows £20 to £500 to be added each month, in more than one payment which is not normally available on their accounts. It can be held in addition to any other regular savers you hold with them.
No withdrawals allowed.
Apply in branch, or online and print out the form and send it with your cheque (freepost)

HTH

I like the Principality, sort of old school building society which always seem to have decent products. They're constantly good with the regular savers

Essex123

New Furness BS account, from their website (note you need to start this account with a £1k deposit)....

http://www.furnessbs.co.uk/savings/regular/index.html
Furness Monthly Saver

The ideal way to save

The Furness Monthly Saver offers a competitive rate of interest in return for regular monthly savings from you. It's a great way to build up your savings over a 1 year term with flexible monthly payments between £25 and £250. Initial opening balance of £1000 is required.
AERGross p.a.Net p.a.4.00%4.00%3.20%
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest is paid and added to your account each year. The Net rate is the rate of interest that would be payable after allowing for the deduction of income tax at the specified rate.

MarkFromCornwall

Essex123 wrote: »

New Furness BS account, from their website (note you need to start this account with a £1k deposit)....

http://www.furnessbs.co.uk/savings/regular/index.html
Furness Monthly Saver

The Furness Monthly Saver offers a competitive rate of interest in return for regular monthly savings from you. It's a great way to build up your savings over a 1 year term with flexible monthly payments between £25 and £250. Initial opening balance of £1000 is required.
AERGross p.a.Net p.a.4.00%4.00%3.20%

Interesting, but notice that unlike many monthly savers the interest rate is variable.

ctdctd

MarkFromMullion wrote: »

Interesting, but notice that unlike many monthly savers the interest rate is variable.

Also note they require certified ID to open an account by post. No electronic verification.
On the plus side, multiple accounts appear possible:-

"If you would like to open more than one account, the
investment limits as described above apply to each account
opened."

Innys

ctdctd wrote: »

Also note they require certified ID to open an account by post. No electronic verification.
On the plus side, multiple accounts appear possible:-

"If you would like to open more than one account, the
investment limits as described above apply to each account
opened."

Well spotted. I'm tempted to open multiple accounts. I'll initially open one and then try and open severla others.

Dagobert

Check my post regarding incorrect interest.

Careful_ly

Essex123 wrote: »

New Furness BS account, from their website (note you need to start this account with a £1k deposit)....

http://www.furnessbs.co.uk/savings/regular/index.html
Furness Monthly Saver

The ideal way to save

The Furness Monthly Saver offers a competitive rate of interest in return for regular monthly savings from you. It's a great way to build up your savings over a 1 year term with flexible monthly payments between £25 and £250. Initial opening balance of £1000 is required.
AERGross p.a.Net p.a.4.00%4.00%3.20%
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest is paid and added to your account each year. The Net rate is the rate of interest that would be payable after allowing for the deduction of income tax at the specified rate.

Has anyone opened one of these yet ?

The fact that multiple accounts can be opened with £1250 in the first month make this a good 1 year account.
Although no withdrawals are allowed, if a monthly payment is missed the funds are returned with interest after 30 days notice. So if interest rates rocket (unlikely !!) there is a get out available.

No branches in reasonable distance so have my certified Id ready to apply soon, needing home for several regular savers which are maturing shortly.