Regular Savings Accounts: The Best Currently Available List!

GreenBitterfly

Steve_xx wrote: »

Let's hope they do something cheerful. They keep on emailing me about funeral plans. So much so that I complained that it was distasteful to their chief exec. Whilst awaiting the response I received yet another email inviting me to make a will!

Yes, I follow them on Twitter and there's a distinct depressing feature about their tweets about retirement and death, I keep thinking I just want to save for next Christmas! I think it's probably to do with that they'd make more money for investments for retirement, will making etc, than savings accounts atm.

Steve_xx

GreenBitterfly wrote: »

Yes, I follow them on Twitter and there's a distinct depressing feature about their tweets about retirement and death, I keep thinking I just want to save for next Christmas! I think it's probably to do with that they'd make more money for investments for retirement, will making etc, than savings accounts atm.

Well I took exception to it. I don't much like that sort of thing where banks are obviously targetting death and despair in such an overt way. On a lighter note, yet in a similar way, a few years back my Mum was complaining to me because she'd hit a certain age and she said that Cilla Black had started sending her letters. It was at the time when Ms Black was advertising funeral plans on TV for Liverpool Victoria.

In any case these funeral plans are a nonsense. The longer you linger, the less they're worth and if you go within the first couple of years you only get what you've paid in.

In true MSE spirit, a few years ago I took one out. I did it for no other reason that they were giving you a free digital TV or a SatNav if you took one of their policies, and the first two months payments were free. So I got the telly, and then promptly pulled the plug on the payments!

patientperson

planteria wrote: »

so you could put £1250 in, and then just top up with £1/m?

That is correct in my opinion.

patientperson

Steve_xx wrote: »

In true MSE spirit, a few years ago I took one out. I did it for no other reason that they were giving you a free digital TV or a SatNav if you took one of their policies, and the first two months payments were free. So I got the telly, and then promptly pulled the plug on the payments!

Well done :T

patientperson

planteria wrote: »

good work. i quite like the look of this one, for £100/m:think:

Let us know if you manage to open one .. criteria age 11 - 17

Steve_xx

patientperson wrote: »

criteria age 11 - 17

Not for the Furness Building Soc Festive Saver.

patientperson

Steve_xx wrote: »

Not for the Furness Building Soc Festive Saver.

Quite correct for the Furness.

planteria was responding to :

Originally Posted by Special_Saver2
I have added the Nationwide FlexOne Regular Saver to post 3 (thanks Archi Bald for pointing this one out).

Special_Saver2

Hi Folks,

I have carried out this weekend's update. The following items have changed:

- Derbyshire BS Platinum Monthly Saver (Issue 11) withdrawn
- "krbs" changed to Kent Reliance in post 4
- Furness BS One Year Saver added to post 7 (thanks patienperson, this account pays 2.55% variable on up to £250 per month for 1 year, can be closed at any time without penalty)
- Furness BS Lifestyle Saver entry in post 2 amended to reflect this can now be opened by post (was previously branch only) by any UK resident; this account pays 2.55% variable on up to £250 per month indefinitely

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/...=608697&page=1

IanIan

The following idea might be a bit longwinded for some, but if you live close enough to Newbury, it might be worthwhile.


The Newbury Building Society has an Existing Members Account. You can only open this if you have been a member of the society for one year. It pays 2.1% but you can only deposit a maximum of £3,000 in each tax year. It isn't strictly speaking a regular saver, because you can deposit the £3,000 on day one.


You have to live in one of the following post codes to qualify: AL, BA, BH, BN, BS, DT, GL, GU, HA, HP, KT, MK, OX, PO, RG, RH, SL, SN, SP, SO, TW, UB, WD.


I live close enough, but am not a member yet. The solution is for me to open a Welcome to Newbury account, which is instant access and pays 1.65%, then I just have to wait for one year!


I will probably do this because several accounts on the first page require me to visit a branch, and there isn't one near me, and I'm paying the maximum into most of my existing accounts.




http://www.newbury.co.uk/savings-easy-access.aspx

patientperson

IanIan .. thank you for your efforts.

I opened this account way back in 2002 and I also think it has merit.