Regular Savings Accounts: The Best Currently Available List!

lemonjelly

Special_Saver2 wrote: »

Unless there are any objections, I am going to only include regular savers paying 2.5% or more on the first page of this thread from next week. This will make it easier to maintain the list and there are lots of accounts to choose from paying at least that much at the moment. I might make the occasional exception and allow in an account paying less if it allows a large monthly deposit (e.g. £1,000) with good terms and conditions.


I will do another update next weekend (or shortly afterwards).

SS2

A wise & sensible decision SS.
Your line of thinking is similar to mine. I (currently) only look at RS accounts that are 3%+ personally, however made an exception with the nationwide 2.5% account for the reasons you state - paying in £1k per month, & also the ability to withdraw.
I've maxed out current accounts, & have the N&P regular saver, & also the Gold reg saver about to mature, & am looking for somewhere for them to go to.
As others have mentioned, we are indebted to you for your efforts & energies!:T

[Deleted User]

I just want to add my thanks to SS2 for running the thread. It has been really useful to me since I stumbled upon it a few months ago. Since then I have opened and maxed out 2 nationwide flex direct accounts (one in my name one in OH name) and one clysedale current account direct.

amiehall

Yes thanks SS

I personally wouldn't bother with a regular saver for less than about 3% so this seems like a sensible decision.

I'm not looking for a new RS for another few months but I've definitely got the bug and have even been paying into a RS ISA for the past 9 months. So thanks again for your hard work and dedication to maintaining this list.

Money_Man_Steve

In the 'Matures after 12 months' category, the 'Dudley BS Easy Saver Account' now seems to be called the 'One Year Regular Saver' and the PDF of the leaflet says it CAN be opened by post.

You can also now deposit £500/month (up from £300) but still no withdrawals apart from closure. Still 3% AER (variable) and a minimum operating balance of £100.

patientperson

Money_Man_Steve wrote: »

In the 'Matures after 12 months' category, the 'Dudley BS Easy Saver Account' now seems to be called the 'One Year Regular Saver' and the PDF of the leaflet says it CAN be opened by post.

You can also now deposit £500/month (up from £300) but still no withdrawals apart from closure. Still 3% AER (variable) and a minimum operating balance of £100.

Do not lose sight of the interest rate after 1 year.

At the end of the first 12 months the account will revert to the One Year Regular Saver Instant Access account currently paying 1.50%. No requirement to pay in every month. One account per customer.

patientperson

SS2 .. add my thanks for your efforts .. my only question might be : Why does MSE not make your thread 'sticky' ? as it can move down the board very fast.

mary

I've been following your updates on this thread ever since you started the thread way back in time. Must be a massive amount of time and energy you put in and of course this is all voluntary for the benefit of others.

It is now virtually the only thread I look on, as I know you are 100% reliable.

Thanks.

lemonjelly

Money_Man_Steve wrote: »

In the 'Matures after 12 months' category, the 'Dudley BS Easy Saver Account' now seems to be called the 'One Year Regular Saver' and the PDF of the leaflet says it CAN be opened by post.

You can also now deposit £500/month (up from £300) but still no withdrawals apart from closure. Still 3% AER (variable) and a minimum operating balance of £100.

The new account is a new issue, so holders of the original £300per month account can apply for this also.

Thank goodness!:D

gwapenut

First off, thanks to the OP for this wonderful thread, I thin the changes you propose strike about the right level for most people. Personally as a higher rate tax payer I don't bother with £250pcm 1-year accounts, not even the First Direct one though the reason for that is because they insist it comes out of their own current account, which is not my main account, on the exact same date each month.

Question about the dudley saver - do you know how withdrawals are made? I see no online facility on their website so presume it is by post, but are funds withdrawn by cheque at the end of the term or would they arrange a BACS transfer?

patientperson

gwapenut wrote: »

Question about the dudley saver - do you know how withdrawals are made? I see no online facility on their website so presume it is by post, but are funds withdrawn by cheque at the end of the term or would they arrange a BACS transfer?

Looking at the Dudley leaflet associated to the 'One Year Regular Saver' the manner of fund repayment is not shown. As it is a passbook account and from previous experience repayment will be by cheque. Post is not a problem. Looking deeper to their 'Savings Terms & Conditions 31-10-2011' there is no mention of CHAPS but they do state that no withdrawals by direct debit or standing order. I think you would have to contact them for an answer and if it was possible I reckon Dudley would charge you.