Regular Savings Accounts: The Best Currently Available List!

SuiDreams

Sorry one quick question re funding of Advance account. Would transferring money from my FD account be seen as an internal transfer? Would I be better to use one of my current accounts outside HSBC group to fund the account?

Archi_Bald

Unless you promised them that a third party would fund your Advance account, an SO (or FPs) from your FD account should be just fine. Their systems are independent of each other. I used to fund my HSBC Bank account by SO from FD for ages.

Special_Saver2

Hi Folks,

Here is this weekend's update.

- Market Harborough BS Monthly Super Saver (Issue 3), paying 2% on up to £3,000 per month for locals only added to post 4 (with the 12 month accounts as the interest rate drops after 12 months) with a comment warning people of this institution's behaviour with dropping the interest rate on issue 2 as per the posts above

The Leek United BS Regular Savings 2.25% account is already in post 2 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/...=608697&page=1

SuiDreams

Archi_Bald wrote: »

Unless you promised them that a third party would fund your Advance account, an SO (or FPs) from your FD account should be just fine. Their systems are independent of each other. I used to fund my HSBC Bank account by SO from FD for ages.

Thank you just wanted to double check as the T&C's state no internal transfers and I wasn't sure if they would count a transfer from within the Group as an internal transfer or not. That make things a lot easier.

ab56

Nationwide Regular Saver
Received letter that they are reducing from 2.5% gross p.a to 2.0% gross p.a where monthly increase in balance is £500-£1000 with effect from 1st April 2015.


Similarly where monthly balance increase is £200-£499 rate will be 1.50% gross (down from 1.85%); monthly balance increase £100-£199 rate will be 1.00% (down from 1.35%). Where increase in monthly balance increase is below £100, rate remains at 0.25%

colsten

ab56 wrote: »

Nationwide Regular Saver
Received letter that they are reducing from 2.5% gross p.a to 2.0% gross p.a where monthly increase in balance is £500-£1000 with effect from 1st April 2015.


Similarly where monthly balance increase is £200-£499 rate will be 1.50% gross (down from 1.85%); monthly balance increase £100-£199 rate will be 1.00% (down from 1.35%). Where increase in monthly balance increase is below £100, rate remains at 0.25%

Bloody hell, this is getting ever more ridiculous.

I am giving in, I am going to order a new car.

Steve_xx

colsten wrote: »

Bloody hell, this is getting ever more ridiculous.

I am giving in, I am going to order a new car.

That's just what Mark Carney wants you to do!

colsten

Steve_xx wrote: »

That's just what Mark Carney wants you to do!

True, Mark Carney will probably have fifty different ways to make me spend my (and his) money. My most favourite one is that he will want to help me run in the new car (never mind cars don't need running in these days), hood down (did I mention it is a convertible), and I will have him as a passenger as long as he pays for the petrol, the hotels and the meals.

Now how do I translate this into picking the best account for my cash.

ScarletBea

ab56 wrote: »

Nationwide Regular Saver
Received letter that they are reducing from 2.5% gross p.a to 2.0% gross p.a where monthly increase in balance is £500-£1000 with effect from 1st April 2015.

Oh
I've just opened one (still in the process) because my instant savings account is going from 2% to 1.5% from mid March, and I wanted to have a bit more...
Still, 2% on Nationwide is still better than the 1.5% I'll be getting, so still worth it.

Special_Saver2

Hi Everybody,

Here is this weekend's update.

- Nationwide BS Regular Savings account entry updated to show new lower interest rate of 2% on £500-£1,000 per month from 1st April

- Monmouthshire BS Saver Plus (Issue 2) entry in post 2 updated to show this account is currently only available to local people and existing customers

- Nottingham BS Robin Hood Young Saver (Issue 2) withdrawn and replaced with issue 3 that is almost identical except that it matures on 28th February 2017 (instead of on the child's 17th birthday); post 3 updated accordingly

- Market Harborough BS Monthly Super Saver (Issue 3) removed from post 4 as the interest rate has dropped from 2% for the first 12 months to 1.6%

- Prinicipality BS Regular Saver Bond (Issue 14) withdrawn and replaced with identical issue 15 paying 2% on up to £500 per month for 12 months; post 4 updated accordingly

I am not sure why Principality BS has replaced their issue 14 Regular Saver Bond with an identical issue 15. The terms and conditions state that only one Bond can be opened per person. If this means that people can open one account per issue then perhaps Prinicipality BS realise that each new issue will mean that certain existing customers will open a new account so they can deposit more than £500 per month.

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