Regular Savings Accounts: The Best Currently Available List!

gallygirl

Gaffy wrote: »

I've literally got every current and savings account going (30+) ranging from 6% to 2.5% all instant access, what's left is in a 1.7% account so I just transfer money from there to any new savings account that appears.

_pale_ and :T in equal measures - I assume a fair few of these have qualifying current accounts with funding requirements? I lose the will to live after transfer no. 4 (am recycling the same money and need it back in main current account asap so don't want to do with SO's).

When NWide reg savers mature this month I'm paying the money off the mortgage I think - much easier, but will have a new FD 6% one (hopefully) when 8% one matures.

typistretired

gallygirl wrote: »

I lose the will to live after transfer no. 4 (am recycling the same money and need it back in main current account asap so don't want to do with SO's).

I second that! Have done all my Nationwide which require external transfers. Will start on the others when I am in the mood.

Much easier with Norwich & Peterborough, just pay into gold account and then transfer manually to regular savers.

Gaffy

gallygirl wrote: »

_pale_ and :T in equal measures - I assume a fair few of these have qualifying current accounts with funding requirements? I lose the will to live after transfer no. 4 (am recycling the same money and need it back in main current account asap so don't want to do with SO's).

When NWide reg savers mature this month I'm paying the money off the mortgage I think - much easier, but will have a new FD 6% one (hopefully) when 8% one matures.

All done automatically on the same day using SO.

Many people cycle a £1000 sum though all their accounts but this doesn't work for me. I prefer instead to transfer the £1000 between just two accounts and then repeat for the next two accounts and so on.

For example, say you've got 10 accounts, it would work like this:

1 => 2 then 2 => 1
3 => 4 then 4 => 3
5 => 6 then 6 => 5
7 => 8 then 8 => 7
9 => 10 then 10 => 9

and so on, it's all very easy really.

pqrdef

Gaffy wrote: »

All done automatically on the same day using SO.

Yes. The complication is Halifax Reward, which doesn't pay interest on money left in, so encourages you to keep it fairly empty. Then you have to make sure money goes in before it goes out. .

Gaffy

pqrdef wrote: »

Yes. The complication is Halifax Reward, which doesn't pay interest on money left in, so encourages you to keep it fairly empty. Then you have to make sure money goes in before it goes out. .

Exactly, for that I SO £1000 into the Halifax then SO out the next day.

Archi_Bald

My BOS Monthly Saver shows with 0% Gross interest online (both Lloyds and TSB show with 3%).

BOS CS say I can relax because the account will get 3% but it will show online as 0% until the end of term. I think they must be joking, and I am not sure I like their sense of humour. I'll give them another 24 hours for their systems to catch up properly.

Anagran

Archi_Bald wrote: »

My BOS Monthly Saver shows with 0% Gross interest online (both Lloyds and TSB show with 3%).

BOS CS say I can relax because the account will get 3% but it will show online as 0% until the end of term. I think they must be joking, and I am not sure I like their sense of humour. I'll give them another 24 hours for their systems to catch up properly.

I wouldnt hold your breath on it updating, as I have a BOS regular saver that I opened in November last year. The advertised rate was 3.25%. It still says 0% in my online accounts.

Archi_Bald

This is atrocious, and we shouldn't let them get away with advertising one rate and then showing another on the statement. If you can't rely on what's printed on the statement, how can you be sure what rate you get?

I seem to be attracting such problems - just opened a YBS Regular Saver advertised with 3% AER. It shows 1% AER in my account online.

YorkshireBoy

Archi_Bald wrote: »

...just opened a YBS Regular Saver advertised with 3% AER. It shows 1% AER in my account online.

The additional 2% (as I'm sure you know, so for the benefit of others reading) is a conditional bonus

They don't know yet, and won't for a year, whether you'll qualify...so can't display the higher rate (without some disclaimer saying "if this...if that...").

Archi_Bald

ah yes, of course, on YBS.