Regular Savings Accounts: The Best Currently Available List!

patientperson

The Tipton & Coseley BS are withdrawing their Regular Saver account with effect 02-01-2014.

No more payments after december 2013 and depending upon your account balance there is an automatic switching process.

Balances >/equal £100 will be transferred to Investment account with an eye watering interest rate of 0.60% upto £4999. (Just for a real laugh the new rate is 1% for £50,000 and above.):rotfl:

Balances < £100 will be closed and a cheque issued unless the account is made up to a minimum of £100. In that case option 1 above applies.

It is possible to transfer to other eye watering accounts by contacting the society.

patientperson

Been away for weeks so apologies if this has already been covered.

Their Santa Saver (Iss 4) & 3% closes on 25-11-2013 and full closing balance will be transferred to a nominated account with the society.

Their letter states 'I regret that this decision has been taken but it is necessary as the high interest rate offered in not sustainable in today's low interest rate environment'.

johnmoney05

I have the Santa Saver Issue 1, I haven't received their notice. Anyone got their letter?

Careful_ly

johnmoney05 wrote: »

I have the Santa Saver Issue 1, I haven't received their notice. Anyone got their letter?

Yes I have issue 1 and have had the letter stating no further subscriptions.
They say "the interest rate is not sustainable in today's low interest rate environment."
It would have been nice if it continued but at a lower rate. I wonder if the Summertime saver is going to have the same outcome in May.

aleph_0

Principality have a new Regular Saver out, maturity date 26th November 2014, pay £20-£500 each month, 2.5% interest.

Edit: link: http://www.principality.co.uk/en/savings-accounts/fixed-term-savings-and-bonds/christmas-regular-saver-bond.aspx

planteria

Swansea BS offers £20 to £250/m at 3.00%...which is better, but they are not welcoming to England or Scotland dwellers

Special_Saver2

Hi Folks,

Here is this weekend's update.

- West Bromwich BS Regular Saver Adult and Child accounts both withdrawn and replaced with issue 2 accounts that seem identical to the original issue 1 accounts (there is nothing in the terms and conditions to prevent holding an issue 1 and an issue 2 account - if you successfully do that then post it on this thread and I will add it to my entry)
- Prinicipality Christmas Regular Saver (as per aleph_0's post above) added to post 3
- Notes added to my entry on the Ulster Bank account in post 2 to warn people to request a card reader if they do not have a current account

The Swansea account mentioned above is already listed on the first page of this thread.

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

GreenBitterfly

Skipton Building Society have launched their Christmas Saver at 3.50%, matures 28th November 2014, and is branch based only, apparently.

Special_Saver2

Hi Everybody,

I have added the Skipton BS Christmas Regular Saver to post 3, as mentioned in 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

rebecca1

Swansea BS offers £20 to £250/m at 3.00%...which is better, but they are not welcoming to England or Scotland dwellers




Is that legal ? If it is it should not be!


Rebecca