Regular Savings Accounts: The Best Currently Available List!

IanIan

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.

bristolleedsfan

IanIan wrote: »

I'm not happy.

Im and :mad:

colsten

TBH, that latest Newcastle drop is probably partly a result of MSEers piling in like crazy. It's not the first good offer that's been killed by us as a community.

Mickygg

Hi can someone help me. I've just opened Lloyds club account and the regular saver. They say I have to fund the RS by standing order but I can't see how to do it.
Is the standing order set up through Lloyds (if so where should I go to set up) or do I do a regular payment from another account?

Thanks

afmfifgh

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

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.

MarkFromCornwall

Mickygg wrote: »

Hi can someone help me. I've just opened Lloyds club account and the regular saver. They say I have to fund the RS by standing order but I can't see how to do it.
Is the standing order set up through Lloyds (if so where should I go to set up) or do I do a regular payment from another account?

Thanks

In Internet banking, from the first screen, click on your current account, then click on "Direct debits and standing orders". Check that there isn't already a standing order to your regular saver set up. To set up a standing order from your current account to the RS click on "Set up standing order" - it's a green button towards the right hand side of the screen.

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.