Regular Savings Accounts: The Best Currently Available List!

noh

The interest rate on the Lloyds Monthly saver, for those opening a new account, appears to have dropped to 4.55% today.

http://www.lloydstsb.com/savings/monthly_saver.asp

Nigel

Special_Saver2

noh wrote: »

The interest rate on the Lloyds Monthly saver, for those opening a new account, appears to have dropped to 4.55% today.

http://www.lloydstsb.com/savings/monthly_saver.asp

Nigel

You are quite right! Okay, that earns instant deletion from my list. Gone now!

I have also done a quick update - all Yorkshire BS accounts and Britannia Home Saver interest rates down 0.25%.

My time on this computer is almost up - got to go! (In an internet cafe which only charges 50p per hour - not too bad).

SS2

ED

No! noh, your news is shocking - Lloyds offering only 4.55% for newcomers to Monthly Saver. Clearly there will be few takers. Lloyds should try harder to encourage the savings ethic. Wonder if they have an alternative product about to be launched...Halifax bank some years ago made their Monthly Saver pay poorly, then launched the excellent Regular Saver. Yorkshire Bdg Soc likewise.

Special_Saver2

Okay, the only thing that I have changed in this week's update is that following a private message, I have added to the Yorkshire BS Internet Saver entry that it is possible to set up transfers to several external accounts. (Thanks for the info dougz.)

I have left the second post of this thread unchanged for the moment.

evosy1978

Hello.

I would like some confirmation on this account.

I have a premier aco!!!! and isa account with this bank.

Am I right in saying that this is the best regular saver on the market? Or am i missing something, 12% fixed seems really good. I should be able to deposit the maximum per month for the 12 months, does anyone know what the amount of interest i would earn on this after the 12 months would be.

thanks

YorkshireBoy

evosy1978 wrote: »

Am I right in saying that this is the best regular saver on the market?

I think it is, yes. Anything higher than this will have strings attached, usually in the form of GEB's

I should be able to deposit the maximum per month for the 12 months, does anyone know what the amount of interest i would earn on this after the 12 months would be.

((£250 x 12) x 12%) / 12 x 6.5 = £195 gross (£156 net of savings tax)

evosy1978

ok thanks for that.

firstly which is the best - putting 250 per month into an isa paying 6.25% or 250 per month into this 12% regular saver. p.s the isa already has 6300 in it.

secondly there are 2 of these regular saver for alliance and leicester one of them you have to take out their insurance policy or life cover aswell, the other one the one i would like i cant find it on their website??

thanks for any help

noh

evosy1978 wrote: »

ok thanks for that.

firstly which is the best - putting 250 per month into an isa paying 6.25% or 250 per month into this 12% regular saver. p.s the isa already has 6300 in it.

secondly there are 2 of these regular saver for alliance and leicester one of them you have to take out their insurance policy or life cover aswell, the other one the one i would like i cant find it on their website??

thanks for any help

Sorry to be the bearer of more bad news but it appears that the Alliance & Leicester Premier Regular Saver offering 12% is no longer available.
Its listed on the closed issue interest rate page, near the bottom.

http://www.alliance-leicester.co.uk/savings/index.asp?page=closed-rates

It looks as if an ISA account paying 10% is now being offered to new Premier Account customers.

http://www.alliance-leicester.co.uk/currentaccounts/index.asp?page=prem-credit-interest&ct=curracchome

Note both of these offers were/are only available at the time of opening your Premier Account.

Nigel

Special_Saver2

noh wrote: »

Sorry to be the bearer of more bad news but it appears that the Alliance & Leicester Premier Regular Saver offering 12% is no longer available.
Its listed on the closed issue interest rate page, near the bottom.

http://www.alliance-leicester.co.uk/savings/index.asp?page=closed-rates

Thanks a lot. We were only recently discussing that account on these pages! I have now deleted it from the relevant post at the beginning of this thread.

Nothing else to add for this week's update. Have a nice week!

SS2

Wsb5tails

I'm off to find out if the WBBS account is still available today. The Magic 8 thread suggested it was a limited offer that started months ago.