Regular Savings Accounts: The Best Currently Available List!

innovate

The First Direct Regular Saver has been available - almost - since the year dot. Not likely it will be withdrawn between now and the end of the month - - but hey, who knows.

flergalwit

innovate wrote: »

The First Direct Regular Saver has been available - almost - since the year dot. Not likely it will be withdrawn between now and the end of the month - - but hey, who knows.

Thanks. Has the 8% rate been around since the year dot too? I think I'm more worried about the 8% rate being lowered before the end of the month than by the possibility of the product being withdrawn completely.

Another question: can you apply for the 1st direct regular saver more than once, as long as the product is still available? In consecutive years I mean, not simultaneously.

ctdctd

flergalwit wrote: »

Thanks. Has the 8% rate been around since the year dot too?

Another question: can you apply for the 1st direct regular saver more than once, as long as the product is still available? In consecutive years I mean, not simultaneously.

The 8% rate has been available for over 18 months.
Yes, you can start a new one when the old has finished - I did just this a few months ago.

HTH

Special_Saver2

Hi Folks,

I have added the following accounts to post 3:

- Scottish BS Regular Saver 2012
- Nottingham BS Diamond Jubilee Saver

Thanks to the people who made useful posts about these accounts.

I will do another update next weekend.

SS2

steady__eddie

For anyone who opened a West Brom 4.1% job roundabout this time last year. I was "reviewing my portfolio" yesterday and in the glossy it said that they aimed to notify savers 14 days prior to maturity to discuss future options. I now fall into this category but have not received any info to date although I suppose that this could be due to the vaguaries of the postal system. I popped into a branch and discovered that the future options are in my opinion somewhat meagre.
When the regsave matures, it is transferred into a branch instant access account paying 0.5%, (gross in both terms of the word).
This is intended for any other peeps who, like myself, may have the occasional "senior moment" and have a tendancy to forget things.

MoneySaverLog

Mine is going into a Lloyds TSB Vantage account on the 20th June at 3% Also wont be taking another one this year as now have a First Direct (8%) and HSBC (6%) regular saver on the go.

But yes I was expecting them to write to me too.

kemo_2002

hi guys, just a quick question, can you have more than one first direct account, i regulary save around 600 per month, and i know these accounts have roughtly a 300 monthly limit on them.

Also, is there a best time of the month to open the account or does in not rly matter?

Thanks for your help - never had a regular saving account before.

mary

You can only have one at a time. It doesn't matter which day of the month you start it. It matures exactly 1 year later and you can continue afterwards, provided the same rate is still available. Ive just done it.

flergalwit

If you get paid a certain day each month, it would be natural to make the deposits just afterwards.

Careful_ly

steady__eddie wrote: »

For anyone who opened a West Brom 4.1% job roundabout this time last year. I was "reviewing my portfolio" yesterday and in the glossy it said that they aimed to notify savers 14 days prior to maturity to discuss future options. I now fall into this category but have not received any info to date although I suppose that this could be due to the vaguaries of the postal system. I popped into a branch and discovered that the future options are in my opinion somewhat meagre.
When the regsave matures, it is transferred into a branch instant access account paying 0.5%, (gross in both terms of the word).
This is intended for any other peeps who, like myself, may have the occasional "senior moment" and have a tendancy to forget things.

Mine matured on 25th May, so bright and early on the 26th went and withdrew the lot, only to find on getting home a letter from them stating the interest earned and maturity options.
Regreted my haste as I would have continued to get the 4.1% till 14th June.:mad::mad:
So being quick is not always the best option.


Hope everyone with a Chorley Summertime saver has remembered to send off their passbooks as it matured yesterday. Still paying 4%. This is a closed issue, but continues for everyone who already has one,