Regular Savings Accounts: The Best Currently Available List!

Mickygg

Thanks markfrommullion I kept going to regular saver!

Special_Saver2

IanIan wrote: »

Just received a letter from them telling me that the interest rate will fall on 1st May 2015. The new rate will be 2% including the bonus of 1%. This is a reduction of 0.54%. I'm not happy.

afmfifgh wrote: »

The drop also applies to Issue 1 of the Newcastle Big Home Saver.

This account has seen its rate dropped from 3% to 2% in no time at all.

I never knew why the account wasn't listed on MSE before or in any of the emails until the recent one which unfortunately has seemingly caused the Society to be swamped with cash and can now drop the rates again.

A shame as I wonder how many of the people who have just opened the account on the back of the email with it paying 2.54% would have bothered if they knew by the time they got the paperwork it would be dropping to 2%.

It still seems no one wants to be top of the Best Buy tables - damn Money for Lending scheme :mad:

bsms1147 wrote: »

In that case I'm pulling out. I'm glad they informed us before the new tax year though as it's made my mind up about not putting anything in next month, which keeps options open elsewhere. Time to cancel the standing order and look about at how to close.

Thanks for the info. I presume that bsms1147 has an ISA account with them. I am in the same situation. I will have to consider my options now.

For anybody looking for a regular savings ISA for the new tax year, check out Kazza's ISAs page. Look at the bottom of post 1 for two regular savings accounts that pay 3% and 2.75% respectively for locals in Nottingham and Northern Ireland.

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

Ken68

Thank you SS...am thinking on the Notts 3% ISA. Branch only. Max £1270 pm..could tie in with maturing Regular Savings but master plan needed.

Careful_ly

lucky77 wrote: »

Another rate decrease from 1st April - Loughborough Building Society Monthly Saver 2 variable rate down to 1% plus 1.5% conditional bonus.

I have this account and have not had a letter to state the interest rate is dropping. So I just checked the website and it appears that Monthly saver 2 has not decreased and is still 3%.

http://www.theloughborough.co.uk/LBS/docs/Interest%20Rates%20-%201st%20April%202015%20.pdf


Scroll down to closed accounts.

themanfromamarillo

I opened a Nottingham BS regular savings last week. Apparently their St Albans branch is new so might be a good option for anyone in the South East looking to open an account with them.

Milarky

Careful_ly wrote: »

I have this account and have not had a letter to state the interest rate is dropping. So I just checked the website and it appears that Monthly saver 2 has not decreased and is still 3%.

http://www.theloughborough.co.uk/LBS/docs/Interest%20Rates%20-%201st%20April%202015%20.pdf


Scroll down to closed accounts.

Just noticed for the first time that Monthly Saver 2 benefits from a 'flat' interest rate so that (unlike the Monthly Saver whose rate is being cut) it can be closed at any time should the rate fall. (i.e. no 'bonus' to lose) The monthly saver, by contrast can only be closed on/after the anniversary [of account opening] since that is when the bonus (1.5% of 2.5% currently) will be added there.

lucky77

Careful_ly wrote: »

I have this account and have not had a letter to state the interest rate is dropping. So I just checked the website and it appears that Monthly saver 2 has not decreased and is still 3%.

http://www.theloughborough.co.uk/LBS/docs/Interest%20Rates%20-%201st%20April%202015%20.pdf


Scroll down to closed accounts.

Apologies for mix-up. When I got notification of rate change I'd forgotten I had Monthly Saver as well as Monthly Saver 2. Nice to know one of them is still paying 3%, albeit the one that only allows payments of £200 per month.

numbers123

Archi_Bald wrote: »

My Club Lloyds Monthly Saver matured yesterday. They moved the money, complete with interest, into a new Easy Saver overnight. As I had one of these already sitting there, I now have 2 Easy Savers to close (in-Branch job only, annoyingly).

I have set up a new 4% Monthly Saver, and an SO to feed it, starting tomorrow.

Hi Archi Bald, the Easy Saver account can be closed via Online Banking. I followed the instructions and it was closed immediately. It disappeared from Online Banking overnight.

Archi_Bald

Thanks numbers123, I don't know why I thought it must be done in Branch.

Anyway, I did pop into a Branch on Tue, and they closed the accounts there for me. It involved lots of paperwork and proof of ID (my Club Lloyds debit card and PIN wasn't good enough) and lots of signatures (mine and theirs) to close 2 zero balance accounts.

Online closing is definitely be preferable.

numbers123

I was ready to pop in to the branch on my lunch break yesterday but thought I would see if it could be done online first. From your post, it sounds like I avoided a lot of faff! At least you know for next year.