Regular Savings Accounts: The Best Currently Available List!

afmfifgh

Hi has anyone had any information about being able to increase the monthly payments into either the Newcastle Big Home Saver Issue 1 or 2 now that the ISA allowance has increased?

I am talking about both the ISA and non ISA versions of these accounts.

Currently you can pay £1,250 in each month (£15,000 a year = 2014/15 ISA allowance) but I haven't had anything about being allowed to increase this to £1,270 (£15,240 a year = 2015/16 ISA allowance).

I can't find anything on the website. Only that the new N.B.S. Big Home Saver Issue 3 allows £1,270 a month to be paid in.

afmfifgh

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.

I don't think it has been noted yet on the thread but I have just re-read the letters about the rate drop for both the Issue 1 and Issue 2 and I saw that it also states:

Important information about the Account Maximum Balance

We have introduced an addiontal Special Condition to this account for the maximum balance permitted to be held. With effect from 1st June 2015, the maximum balance will be £30,000. This maximum balance still enables you to save more than the current average first time buyer deposit in a Newcastle Big Home Saver. The product also continues to offer a cash bonus after successfully saving and should you decide to complete a mortgage with the Newcastle.

Edit: This maximum balance also applies to Issue 3. Also it seems to apply to both the ISA and non ISA versions of these accounts.

This is seemingly a stupid limit as it doesn't cover 2 years ISA allowance. So unless they increase it you may be left not able to use up all of your ISA allowance unless you transfer to a different provider with no such limits.

Also it seems there are no restrictions on holding the Issue 3 along with Issues 1 & 2.

ctdctd

themanfromamarillo wrote: »

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.

Also open in Harpenden with possible free parking outside the front door. :beer:

redux

ctdctd wrote: »

Also open in Harpenden with possible free parking outside the front door. :beer:

Are you like me? I sometimes use Google Street View in advance to check the parking signs in an area I don't know.

ctdctd

redux wrote: »

Are you like me? I sometimes use Google Street View in advance to check the parking signs in an area I don't know.

Nope - I went there to see them today. :j

P.S. Yes, I use StreetView in a similar way - went to Germany last year and they didn't have it! :shocked:

Special_Saver2

Hi Everybody,

Thanks for the information above about closing the Club Lloyds 4% Monthly Saver account online. I have updated the entry on the first page of this thread with the information.

I cannot find anything that has changed for this weekend's update.

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

Biggles

Special_Saver2 wrote: »

Thanks for the information above about closing the Club Lloyds 4% Monthly Saver account online. I have updated the entry on the first page of this thread with the information.

Yes, I've just closed mine online, just a couple of clicks.

NB: It's the residual Easy Saver that you close, not the Club Lloyds Monthly Saver.

badger09

Biggles wrote: »

Yes, I've just closed mine online, just a couple of clicks.

NB: It's the residual Easy Saver that you close, not the Club Lloyds Monthly Saver.

Indeed it is.

Oddly though, the final account statement and interest certificate both refer to the account as Easy Saver, despite the fact that in my case, it was an Easy Saver for only a matter of hours :cool:

LittleVoice

Archi_Bald wrote: »

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.

I can't close Lloyds savings accounts online. I have been told this is because I have a business current account. This has a steady positive balance so I do not understand why this affects closing a personal, non-business, savings account. However, when I do get around to closing those nil balance savings account they seem quite happy just to do it by my using my current account debit card with the PIN.

poppystar

Not only have they closed our accounts but the Flexible Tracker at 0.8% is not even their best easy access which is the Everyday Saver at 1.25%. Not brilliant I know just very annoyed that not only have they closed the old Regular Saver and started a new one at same rate where we have too start again but they can't even direct us to their best easy access account!

Also there is no search function on their website and the Flexible Tracker is not mentioned under Savings or under accounts no longer available. Assume it does exist and savings are somewhere!!

:mad: