Regular Savings Accounts: The Best Currently Available List!

Special_Saver2

Hi Folks,

The only change that I can find this week is the launch of the account mentioned in the post above. I have put the details in post 3 (as the account will run for 13 months if you open it on 1st February).

I will do another update next weekend.

SS2

Nessie23

Have just spoken to HSBC customer services and they have indicated that their 5% and 10% regular savers are likely to end over the next few days (likely Sat 5th Feb) once their 'sale' comes to an end.

snowqueen555

I just signed up for the hsbc one, can you amend the standing order amount wth no penalties?> It says nothing in the t and cs but gives you the option to do it

Careful_ly

snowqueen555 wrote: »

I just signed up for the hsbc one, can you amend the standing order amount wth no penalties?> It says nothing in the t and cs but gives you the option to do it

Yes you can, minimum £25 - maximum £250

mary

Milarky wrote: »

https://www.emoneyfacts.co.uk/news/news-search.aspx?newsarticleid=202301

They did one of these before - but at 5%. Only £100 and branch-based

I've looked on their website but don't seem to see it. Presumably you have to ring "a branch" to get more details.

mary

If you are an existing customer with such an account, you will be allowed to continue for another year at the same rate. It is because the Coventry and Stroud systems have not yet fully merged and as Coventry
do not have a comparable RS account, you will be able to continue with it. Was told by my local branch when I rang.

johnmoney05

mary wrote: »

If you are an existing customer with such an account, you will be allowed to continue for another year at the same rate. It is because the Coventry and Stroud systems have not yet fully merged and as Coventry
do not have a comparable RS account, you will be able to continue with it. Was told by my local branch when I rang.

I have a question. I have deposited £250 into this account for 16 months now. I thought this is a no time limit account and the whole balance will get 4.5% rate? Am I wrong? Thanks.

premierfella

Thanks Mary,

Is this a fixed term account or one of the Regular Saver Plus issues?

If the latter, that is a bit of a strange response from them, as those accounts are both open-ended accounts - the lower rate issue 1 had a fixed bonus of 2% but as far as I am aware the bonus on issue 2 is potentially variable. Their reference to merging of systems seems a bit irrelevant as that doesn't stop them dropping the rate whenever they choose (except for the 2% fixed bonus on issue 1)?

This is very good news though if it is an indication that they are not looking to cut the Regular Saver Plus issue 2 rate any time soon.

Edit: johnmoney05 - not wrong as far as I can see, apart from the rate being variable and including a bonus (which I am sure you are aware of).

mary

I've just checked in my passbook, mine is Issue 2.
I don't seem to have any other paperwork with it, and can't remember if it was fixed, variable or open ended. Whatever, I'll continue as the rate is reasonable at the moment.

Special_Saver2

Hi Everybody,

Here is this weekend's update.

Only one thing has changed as far as I can see. The Furness BS Monthly Saver Issue 2 account has been withdrawn.

I will do another update either next weekend or the weekend after that.

SS2