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Regular Savings Accounts: The Best Currently Available List!

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  • Nick_C
    Nick_C Posts: 7,605 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Home Insurance Hacker!
    The Teachers BS Regular Saver Issue 4 is no longer available, and has not been replaced.

    Post 4 mentions the Dunfermline Platimum Monthly Saver Issue 1, and says the conditions are the same as the Cheshire account referenced in Post 3. However, there is no reference to the Cheshire account in Post 3.

    Both these branch based accounts are still available.

    http://www.dunfermline.com/templates/Product.aspx?id=27168

    http://www.thecheshire.co.uk/Savings-and-Investments/Regular-savings/Platinum-Monthly-Saver/
  • Gromitt
    Gromitt Posts: 5,063 Forumite
    It also appears that the 2.85% Natwest E-savings account has had it's rate cut to 1.00%.
  • I opened a Platinum Monthly Saver Issue 5 at the Chorley branch this afternoon, and mentioned the "rumour" that it was to be withdrawn by the end of the month. This was confirmed as being correct (to be withdrawn on the 31st), and that staff had no knowledge of any replacement.
  • Speculator
    Speculator Posts: 2,355 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 1 November 2012 at 6:30PM
    It looks like they won't be launching an issue 6 but are keeping the issue 5.
    It is now effectively an 11 month regular saver so the AER has been lowered to up to 4.67%.

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

    "For example, if you saved £500 a month for 11 months from 1 November 2012 for the fixed term until 30 September 2013 without making any withdrawals, you earn £137.52 gross interest by the fixed end date based on the current rate of 4.67% AER (5.00% gross p.a.) variable."
    I opened a Platinum Monthly Saver Issue 5 at the Chorley branch this afternoon, and mentioned the "rumour" that it was to be withdrawn by the end of the month. This was confirmed as being correct (to be withdrawn on the 31st), and that staff had no knowledge of any replacement.
  • mary
    mary Posts: 1,585 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I've just reread the blurb about the Xmas Saver and it seems it is optional if you want to pay in for November and December but in any case you will have to close it by 31st December.

    - Payments in must be received in each calendar month to 31 October 2012 but are not required in November and December 2012
    - Withdrawals or closure permitted with effect from 1 November 2012 to maturity (31 December 2012)
  • Special_Saver2
    Special_Saver2 Posts: 1,434 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 2 November 2012 at 9:44PM
    Hi Folks,

    Here is this weekend's update:

    - Teachers BS account withdrawn (as mentioned above)
    - Corrected my entry on the Dunfermline BS account; this referred to an almost identical Cheshire BS account in post 3 (which I had moved last month to post 7 as the account now has less than 12 months until maturity); I have changed the reference to say "post 7" now. Both Cheshire and Dunfermline BS are part of Nationwide BS.
    - Removed the NatWest account from the feeder account section (interest rate dropped to 1% as mentioned above)
    - Removed the Santander account from the feeder account section (interest rate dropped to 1.5%)

    I presume that mary's post above refers to the West Bromwich Xmas Saver launched last year as I cannot see a new account at the moment on their website.

    I will do another update next weekend.

    SS2
    For those new to this thread, the first few posts are constantly updated and are here: http://forums.moneysavingexpert.com/...d.php?t=608697
  • mary
    mary Posts: 1,585 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Yes I was referring to the one that started last year and finishing this Xmas
  • Speculator
    Speculator Posts: 2,355 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Derbyshire & Cheshire Platinum issue 6 paying 5% just launched
  • mary
    mary Posts: 1,585 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Have just looked, it would appear to be branch based for both of them.
  • Speculator
    Speculator Posts: 2,355 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Yes, both are strictly branch only.
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