Regular Savings Accounts: The Best Currently Available List!

johnmoney05

adindas wrote: »

If you open your Regular saver account (traditional with pass book) december last year and already mature, it is time now to close it. As the interest has now dropped to 1.85% (include 1.5%) , it is no more attractive.

After emptying your saving account, you need to close it by writing to them and enclose your pass book..

After closure is confirmed open again a new RSA and your clock will start again to earn fixed rate 4% for a year.

I can confirm that I succeeded to open another one after my old one matured in December. I applied it on the internet. And it opened straightaway. I got the paper work arrived in a few days after.

opinions4u

Bank of Scotland are offering a 3.25% Monthly Saver account.

http://www.bankofscotland.co.uk/savings/accounts/monthly-saver/

One key feature is that withdrawals are unlimited, so you could effectively use this as an easy access account (restricted by the £250pm savings limit).

Milarky

3, identical new-year offerings. Branch-based [only?] applications sought...

Emoneyfacts:

NEW VARIABLE RATE REGULAR SAVER and NEW 18 MONTH FIXED LOYALTY BOND. PLATINUM MONTHLY SAVER Issue 1: 5.00% yearly until 31.1.13; branch operated; instant access; if more than one withdrawal made or more than one monthly payment missed rate reduced to 1.00% for the remainder of the term; payments can be amended during term and extra payments made provided monthly maximums not exceeded; min monthly investment £100, max £500. LOYALTY BOND Issue 1: 3.90% yearly (3.80% monthly) for 18 months; branch and postal operated; no earlier access; additions whilst issue open; available to existing customers who have held a savings account for at least 3 months; min investment £100, max £5K w.e.f. 3.1.12.
03 Jan 2012

society links:
http://www.dunfermline.com/templates/Product.aspx?id=25432

http://www.thederbyshire.co.uk/Savings/monthlysavings/platinummonthlysaver.aspx
Derbyshire branches

http://www.thecheshire.co.uk/investment-saving-account/instant-access/platinum-monthly-saver.asp
Cheshire branches
Cheshire generic dowloadable application form

interest_Ted

Platinum monthly savers - not quite identical.

Dunfermline fixed term until anniversary of opening.
Derbyshire and Cheshire fixed term until 31 Jan 2013.

Gross interest 'earnable' by opening today (03 Jan) -
Dunfermline £162.86
Derbyshire £180.20
Cheshire £181.02
(figures are per the individual websites.....incidentally, I cannot reconcile any of them- so there is probably more small print somewhere that I haven't seen - or maybe some assumptions or methods that vary.)

Ted

ctdctd

interest_Ted wrote: »

Platinum monthly savers - not quite identical.

Dunfermline fixed term until anniversary of opening.
Derbyshire and Cheshire fixed term until 31 Jan 2013.

Gross interest 'earnable' by opening today (03 Jan) -
Dunfermline £162.86
Derbyshire £180.20
Cheshire £181.02

Dunfermline have assumed 12 months @ £500, and the other two 13 months.
Not sure how the Cheshire calculate an extra 82p though - maybe they have allowed for the extra day in the leap year?

HTH

adindas

Thank you for let us know ...

N&P have several RSA, Could you please let me know, the one that you close and open again, is it E-Regular saver or Regular Saver Account (the normal one, operated using Passbook ?).

I have sent my new application the one with Regular Saver Account (the normal one, operated using Passbook ?). Fingers cross it will go through ...

I am about to do the same thing with E_Regular saver which is already mature .....

johnmoney05 wrote: »

I can confirm that I succeeded to open another one after my old one matured in December. I applied it on the internet. And it opened straightaway. I got the paper work arrived in a few days after.

arsenalboy

Suddenly a flood of accounts paying 5% but application in branch only which is not much good when you live in the Westcountry and they are all northern based!!
Hopefully some national societies will follow suit?
I would normally take a punt and apply by post by downloading a "general" application form, but I can't seem to find any:(

ctdctd

arsenalboy wrote: »

Suddenly a flood of accounts paying 5% but application in branch only which is not much good when you live in the Westcountry and they are all northern based!!

And they are all part of the Nationwide. :mad:

johnmoney05

adindas wrote: »

Thank you for let us know ...

N&P have several RSA, Could you please let me know, the one that you close and open again, is it E-Regular saver or Regular Saver Account (the normal one, operated using Passbook ?).

I have sent my new application the one with Regular Saver Account (the normal one, operated using Passbook ?). Fingers cross it will go through ...

I am about to do the same thing with E_Regular saver which is already mature .....

It was e-regular saver. Regular saver will not work.

adindas

That is true. I just received today a letter today . They decline my application the letter just highlight the fact that you could only have one through the life of the product exactly like what other people have said

Presumably you applied E-Regular saver online did not you ?
Also did you close your E-Regular saver before opening a new one ?

johnmoney05 wrote: »

It was e-regular saver. Regular saver will not work.