Regular Savings Accounts: The Best Currently Available List!

Special_Saver2

Hi Everybody,

Here is this weekend's update:

- Marsden BS Branch Regular Saver interest rate reduced from 3.5% down to 3% (effective 2nd April 2013)
- Norwich and Peterborough BS Family and e-Family Regular Savers both withdrawn

I will do another update 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

IanIan

Swansea Building Society.

Minimum investment - £25.00 per month
Maximum investment - £500.00 per month
4.00%

Seems to last for one year only, but can continue. The website says "At each anniversary of the account opening, the entire balance will be transferred to another account held with the Society. Further subscriptions can continue into the second and subsequent years."

https://www.swansea-bs.co.uk/aspx/default.aspx?sectionid=87

You have to live in Wales to be able to open one of these.

apt

Barely worth it for a maximum of £31 interest - Skipton special edition Regular Saver 3% for one year term, max. of £160 per month. http://www.skipton.co.uk/savings_and_investments/savings_accounts/special_edition_regular_saver/

Special_Saver2

Hi Folks,

Here is this weekend's update.

- Bank of Scotland Monthly Saver interest rate reduced from 3.25% to 2% for new accounts; account removed from post 5
- Swansea BS Regular Saver account (mentioned in post above) added to post 5
- Skipton BS Special Edition Regular Saver (mentioned in post above) added to post 4

I will do another update in 2 weeks' time.

SS2

gt94sss2

gt94sss2 wrote: »

I've just received some updated T&C from HSBC.

From 1 December, they will be reducing the maximum amount to their regular savings accounts to £200/month (from £250) - for accounts opened after that date.

Not sure how long its been on HSBC's website but it now says:

The Savings Accounts Terms and Conditions (effective 1 December 2012) state that any Regular Saver account opened on or after 1 December 2012 will have a maximum monthly subscription limit of £200. This is not correct. Accounts opened on or after 1 December 2012 will have a maximum monthly subscription limit of £250. For these accounts, please therefore read '£250' for '£200' in clause 3 of the Savings Accounts Terms and Conditions. The subscription limits may change for future Regular Saver accounts you open, but we will tell you if this is the case.

Regards
Sunil

Special_Saver2

Hi Everybody,

I have updated the HSBC regular saver account information following the post above. I cannot find anything else that has changed.

I will do another update 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

Special_Saver2

Hi Folks,

I am having some trouble with my internet connection but a quick check does not reveal any new regular savings accounts.

I will do another update in 2 weeks' time.

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

Shinken

Just started looking at these accounts. Quite a few don't say anything about a maximum opening deposit, or am I missing something?
What's to stop me dropping £50k into one of these accounts and then paying the regular deposit there after?

rb10

Shinken wrote: »

Just started looking at these accounts. Quite a few don't say anything about a maximum opening deposit, or am I missing something?
What's to stop me dropping £50k into one of these accounts and then paying the regular deposit there after?

Can you give an example? It's very rare to find a regular savings account that allows a large opening deposit.

alanq

Shinken wrote: »

Just started looking at these accounts. Quite a few don't say anything about a maximum opening deposit, or am I missing something?

The only RS accounts that I have ever seen have a maximum amount that can be deposited each month. The opening deposit is the first month's subscription.