Regular Savings Accounts: The Best Currently Available List!

Special_Saver2

Hi Everybody,

I have updated the first post of this thread with the extra information above regarding the standing order on the M&S account.

There is nothing else I can find that has changed. 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

ernie-money

GazHol wrote: »

has anyone tested this (or sought clarification from M&S)?

Ed-1 wrote: »

Yes if you set up a new standing order for any other date of the month other than the date you opened it, they withdraw the payment back into your current account.

First payment 30/4, Second payment 8/6, 3rd payment 1/6, 4th payment 1/7 - all full amount & none rejected.

patientperson

On 20-07-2015 the interest rate will drop from 2.55% to 2.05% for both accounts.

colsten

patientperson wrote: »

On 20-07-2015 the interest rate will drop from 2.55% to 2.05%.

LOL, sounds like a case of reacting to the latest speech of Mark Carney.

alanq

ernie-money wrote: »

Second payment 8/6, 3rd payment 1/6,

Is that meant to be "Second payment 8/5"?

Special_Saver2

Hi Folks,

Here is this weekend's update.

I have updated the first post of this thread with the extra information from ernie-money above regarding the standing order on the M&S account and updated the interest rate on the Furness BS Lifestyle Saver. I cannot find the Furness BS Festive Saver anywhere on their website or on their interest rates pages (either as a current or a closed issue). Looking at their website and interest rate pages, it looks like the Lifestyle Saver is the only regular savings account they currently have.

There is nothing else I can find that has changed. 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

patientperson

Special_Saver2 wrote: »

I cannot find the Furness BS Festive Saver anywhere on their website or on their interest rates pages (either as a current or a closed issue). Looking at their website and interest rate pages, it looks like the Lifestyle Saver is the only regular savings account they currently have.
SS2

My 1 year 'Festive Saver' matures in November 2015 .. designed for Christmas in mind and was probably a very limited issue.

It does appear to be missing from interest rates .. in my case I received a letter from Furness BS regarding my account and the impending rate reduction.

guitarman001

Was tempted to use Club Lloyds but you need two direct debits and that knocks out a whole lot of cash (where am I going to get two £1 DDs per month... and even then that's £24 a year which eats into the rate).

I need to do something because money is spilling over now. Think it's going to have to be a general savings account with low interest or risk more in P2P.

glider3560

guitarman001 wrote: »

Was tempted to use Club Lloyds but you need two direct debits and that knocks out a whole lot of cash (where am I going to get two £1 DDs per month... and even then that's £24 a year which eats into the rate).

I need to do something because money is spilling over now. Think it's going to have to be a general savings account with low interest or risk more in P2P.

You can credit Tesco savings accounts by monthly direct debit....

guitarman001

Serious? So if I had two tesco savings accounts (for the sake of argument) those would count as direct debit? What about other savings accounts? Or even just monthly standing orders to another bank account?

Basically I want to put in way more than the usual max £250 or so per month to these regular savers. I need a product where I can throw in larger amounts with no max (like Santander 123's £20k). There just isn't a product that fits.