Regular Savings Accounts: The Best Currently Available List!

Guesthouse

Well, since I'm an existing CB current account customer, their new account looks like a good switch for me.

Really, I should have switched to 1,2,3 or similar but since it's a current account, there's not usually much left in it come payday.

The branch is only a 5 minute walk too.

Archi_Bald

Guesthouse wrote: »

Well, since I'm an existing CB current account customer, their new account looks like a good switch for me.

Really, I should have switched to 1,2,3 or similar but since it's a current account, there's not usually much left in it come payday.

The branch is only a 5 minute walk too.

What are you trying to say?

IanIan

I have just copied a press release from the Financial Reporter website. It's not a clean rate, it includes a bonus.


Leeds Building Society’s Regular Saver allows customers to benefit from a rate of 3.05% gross p.a./AER (including a 1.80% bonus), which is currently over six times higher than Bank Base Rate, by investing as little as £50 per month.
Kim Rebecchi, Sales & Marketing Director at Leeds Building Society, believes this account is “an attractive proposition”, with no requirement to hold additional products.
Kim said:
“Some of the Regular Savings accounts currently available from other providers have a requirement to open a current account, and have a monthly salary or pension paid directly into it. Furthermore, many of the high headline rate accounts run for a set period of 12 months, and then the accumulated savings are transferred into an instant access savings account, paying substantially less than the Regular Saver account.

“Our Regular Saver has no fixed term so, for example, £250 per month saved for a year and totalling £3,000 can be added to any current Regular Saver balance already accrued. We also provide customers with the peace of mind afforded by 1 withdrawal within each bonus period, in case of an emergency, without notice or affecting the 1.80% bonus. Many of the other products do not allow access to any of the funds during the term of the product.”

apt

Isn't the (potentially variable) bonus for the Leeds BS 3% of the 3.05% interest rate?

innovate

apt wrote: »

Isn't the (potentially variable) bonus for the Leeds BS 3% of the 3.05% interest rate?

According to their website, yes. Looks, at best, a bad piece of journalism by the Financial Reporter website, whoever they might be.

plunt

innovate wrote: »

According to their website, yes. Looks, at best, a bad piece of journalism by the Financial Reporter website, whoever they might be.

and their minimum is £20 not £50 ...

"3% Bonus payable annually on 1 March provided you make one payment between £20 and £500 each month"

agreed, great journalism

veryintrigued

Is this LBS account new? The website seems to indicate that its been there since, at least, 2012.


http://www.leedsbuildingsociety.co.uk/savings/regularsaver.html

Edit - ignore this post its on the first page of this thread from at least 2009!!

G_M

Archi_Bald wrote: »

What are you trying to say?

Pub chit chat?

Frank121

Hi,

Is there any chance this thread could be changed to a "sticky"? It would make it much easier for others to find.

Thx.
Frank

alanq

veryintrigued wrote: »

Is this LBS account new? The website seems to indicate that its been there since, at least, 2012.


http://www.leedsbuildingsociety.co.uk/savings/regularsaver.html

Edit - ignore this post its on the first page of this thread from at least 2009!!

No it hasn't. The 2009 one was issue 2. The current (new?) issue is issue 3.

The total rate is still 3.05% but the issues differ in the amount of the bonus component, date interest/bonus is paid and in the maximum monthly contributions (and perhaps in other ways?).

Leeds has also introduce a new regular saver.
"Flexible Regular Saver account which pays 1.50 per cent, including a conditional bonus of 0.25 per cent. The minimum investment is £20 a month and the maximum is £1,000. Savers are allowed to withdraw 12 times during the bonus period with no penalties."
http://www.newsnow.co.uk/A/676798485?-19411:5675
http://www.leedsbuildingsociety.co.uk/savings/flexible-regularsaver.html