Regular Savings Accounts: The Best Currently Available List!

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.

bristolleedsfan

Special_Saver2 wrote: »

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.

http://forums.moneysavingexpert.com/showpost.php?p=68148967&postcount=4003

afmfifgh

Special_Saver2 wrote: »

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.

Not much of a difference but the Nottingham B.S. account actually pays 3.1% of which 3% is a bonus if the conditions of the account are stuck to.

Edit: Sorry my mistake. I didn't notice you said ISA regular saver. The 3.1% is about the non ISA regular saver. Sorry for the confusion.

ajdj

I have full details of the Nottigham 3% ISA as they were posted to me.

Starter ISA (issue 5)
3.00% tax free, variable rate
No bonus payable
You can transfer to another ISA provider with a charge of 180 days interest on the amount transferred. No other types of withdrawals permitted.
Access- Branch only

£10 minimum balance, maximum monthly contribution £1,270 with an opportunity to top up to the maximum ISA subscription limit in March 2016.

Fixed term ends 5th April 2016, interest paid on maturity.