Regular Savings Accounts: The Best Currently Available List!

bob792

Special_Saver2 wrote: »

- Yorkshire BS Monthly Regular Saver added to post 3, paying 2% on up to £500 per month for 2 years with 1 penalty-free withdrawal per account year (and I think you can close the account early without penalty)

It's not one withdrawal per account year, it's "Access your account with one withdrawal day per account year, based on the anniversary of the account opening date".

Wheres_My_Cashback

Archi_Bald wrote: »

They have only been withdrawn for new applications - anyone with existing accounts can still use them. Rumour has it that the Lloyds Vantage interest rate will drop in July. No rumours yet about the Enhance.

No rumour, It's fact -

http://www.lloydsbankinggroup.com/globalassets/documents/media/press-releases/lloyds-bank/2014/140329-club-lloyds-launch.pdf

From 31 March the Vantage current account will no longer be available to new customers. We are writing to existing Vantage customers to update them about the benefits of Club Lloyds and to notify them that the rate on Vantage will be reduced to 1.5% from July 2014

Nick_C

bob792 wrote: »

It's not one withdrawal per account year, it's "Access your account with one withdrawal day per account year, based on the anniversary of the account opening date".

What's the difference?

planteria

that the 1 withdrawal has to be on the anniversary date.

kidmugsy

Wheres_My_Cashback wrote: »

the rate on Vantage will be reduced to 1.5% from July 201[/SIZE]4 [/SIZE][/B]

Nice timing for NISA-fillers.

badger09

Wheres_My_Cashback wrote: »

No rumour, It's fact -

http://www.lloydsbankinggroup.com/globalassets/documents/media/press-releases/lloyds-bank/2014/140329-club-lloyds-launch.pdf

From 31 March the Vantage current account will no longer be available to new customers. We are writing to existing Vantage customers to update them about the benefits of Club Lloyds and to notify them that the rate on Vantage will be reduced to 1.5% from July 2014

Archi_Bald wrote: »

They have only been withdrawn for new applications - anyone with existing accounts can still use them. Rumour has it that the Lloyds Vantage interest rate will drop in July. No rumours yet about the Enhance.

badger09 wrote: »

Now you've started one

I was referring to the TSB Enhance

Nick_C

planteria wrote: »

that the 1 withdrawal has to be on the anniversary date.

Have you verified that with YBS? That seems like an odd interpretation. To me, "Access your account with one withdrawal day per account year, based on the anniversary of the account opening date" means that the account year is based on the account opening date, and you can make one withdrawal per account year.

Withdrawals can be made in branch, and it quite possible that the anniversary of opening your account would not be a working day.

Previous regular savers from YBS allow you make one withdrawal per account year, but the account year for the first issue was based on the month of account opening rather than the day.

Its a bit of a moot point anyway, as the 2% interest rate is easily beaten.

alanq

Saffron BS
https://forums.moneysavingexpert.com/discussion/4942009

bob792

Nick_C wrote: »

Have you verified that with YBS? That seems like an odd interpretation. To me, "Access your account with one withdrawal day per account year, based on the anniversary of the account opening date" means that the account year is based on the account opening date, and you can make one withdrawal per account year.

I see what you mean - it does seem to be open to interpretation. I can't find any clarification on the YBS site ...... but then again, as you say for 2% are we bothered?

Special_Saver2

Hi Everybody,

Thanks for the posts above.

Those 4% regular savings ISAs look good for people who qualify.

Kazza242 covers all the regular savings ISAs in the Mini Cash ISAs thread so I do not duplicate the information here. They are not yet on that thread so I have put the following post on that thread and credited the relevant people:

https://forums.moneysavingexpert.com/discussion/comment/65196504#Comment_65196504

There are some new 4% regular saver accounts available for existing members for Saffron BS and locals for Nottingham BS.

Thanks to adindas, Careful_ly and alanq for pointing these out.

Saffron BS thread: http://forums.moneysavingexpert.com/....php?t=4942009

Nottingham BS thread: http://forums.moneysavingexpert.com/....php?t=4939292

As for the Yorkshire BS Monthly Regular Saver account, I believe you are allowed one withdrawal at any time you wish within the account year (i.e. 1 year from the date you opened the account), particularly as it says

Close your account at any point even after you've made one withdrawal that year

but if it is important to you then please check before you open an account. As others have said, with only 2% interest for this account, I have other accounts that I will be filling up first before opening one of these.

Anyway, I had better go get some sleep...

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/...=608697&page=1