Regular Savings Accounts: The Best Currently Available List!

gallygirl

It's getting to the stage now where current accounts are more favourable. I've just opened the Santander 123 (hopefully, if they'll have me ) - Cashback on my energy bill alone will cover the £2 monthly fee, extra cashback on other DD's and 3% on balances between 3k & 20k so no feeding needed, and easy access if required.

Not that I have 20k lying about......

Special_Saver2

Hi Folks,

I have added the 3% Mansfield and Furness BS regular savings accounts to post 2. Thanks a lot to Milarky to pointing these out.

I will update this thread again next weekend.

SS2

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For those new to this thread, the first few posts are constantly updated and are here: http://forums.moneysavingexpert.com/...d.php?t=608697

Speculator

Special_Saver2 wrote: »

Hi Folks,

I have added the 3% Mansfield and Furness BS regular savings accounts to post 2. Thanks a lot to Milarky to pointing these out.

I will update this thread again next weekend.

SS2

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For those new to this thread, the first few posts are constantly updated and are here: http://forums.moneysavingexpert.com/...d.php?t=608697

don't forget the Derbyshire/Cheshire Platinum issue 7 launched today paying 4% plus new issue of Dunfermline Platinum saver also paying 4%.

dach

Derbyshire/Cheshire Platinum issue 7 are you allowed these if you have previous issues?

blindman

Does the new Nationwide 5% current account now qualify as a Best Feeder account?

Special_Saver2

Thanks Speculator and blindman, I will update the list accordingly. I cannot do it right now but will do so tomorrow. I have also seen mention of a BoS Vantage account (similar to the Lloyds Vantage account) by innovate on the cash ISAs thread and I will add that too.

dach, if you look through some of the recent posts, I believe other forum members have been told that you cannot hold more than one issue at a time. (This may be a recent change as previously it was possible to have more than one issue simultaneously.)

SS2

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For those new to this thread, the first few posts are constantly updated and are here: http://forums.moneysavingexpert.com/...d.php?t=608697

adindas

blindman wrote: »

Does the new Nationwide 5% current account now qualify as a Best Feeder account?

Common sense dictate. People should not use the a/c which pay higher interest rate than RSA as a feeder.

Unless of course you could feed RSA which pay higher than 5%, but how many of them are there on the market .... ????

MoneySaverLog

You could drip feed from the nationwide account, then top it up as and when back to the £2,500 limit, that way you meet the requirement to fund the account with £1,000 a month too.

adindas

MoneySaverLog wrote: »

You could drip feed from the nationwide account, then top it up as and when back to the £2,500 limit, that way you meet the requirement to fund the account with £1,000 a month too.

I would rather keep £2500 in NW to get constant 5% of £2500.

If I do not have £250 monthly because I already put it in NW ac, I will reduce the monthly payment to minimum monthly requirement of RSA (e.g. £10, 25 depend on the product) and feed it from anywhere else as the RSA is paying lower than 5%.

Special_Saver2

I have updated the thread with the items mentioned yesterday. I should point out that the issue 7 Cheshire and Derbyshire accounts in post 2 only pay 4% (instead of the 5% interest rate on the previous isssues). The very similar Dunfermline issue 1 account (see post 3) is still paying 5%.

SS2

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For those new to this thread, the first few posts are constantly updated and are here: http://forums.moneysavingexpert.com/...d.php?t=608697