Regular Savings Accounts: The Best Currently Available List!

colsten

I now had an email from Nationwide about the 5% Regular Saver, and the change to the 2% Regular Savings. Seems they are sending them out in several batches.

Nick_C

I think the Nationwide deal is particularly generous. I have a Flex Account, but I only use it for withdrawing cash abroad. Most of the year, it sits empty. So surprised and happy that they allowed me to open a Flex RS.

KTF

If its been dormant for over 3 months with no £750 being cycled through it then you may find they downgrade the account.

Point 1 and 4 here: http://www.nationwide.co.uk/support/support-articles/terms-and-conditions/flexclusive-regular-saver-terms-and-conditions

cevans65

Hi, I have been reading all about the bonuses banks are offering and the Halifax offers £100 when opening its reward current account.

It says it pays the £100 in 3 days! on completion of the switch so my obvious question is can I open, collect the £100 and then switch again to another account soon after i.e. in 30 days.

I have read all the t&c and it doesn't say u have to have the account for x number of days/ months and main conditions stated are u not had an account with them b4 and use switching service to claim £100 bonus. The only line that I wondered about is that it says "if u do not meet the conditions of the offer the £100 my be claimed back from your account" As said, the only conditions it states are those I have mentioned but obviously closing the account after i.e. 30 days, although it doesn't say a day/ moth open limit I am worried they will know exactly why im doing it and claim £100 back.


Any thoughts, anybody else done it etc


Thanks

Steve_xx

Nick_C wrote: »

I think the Nationwide deal is particularly generous. I have a Flex Account, but I only use it for withdrawing cash abroad. Most of the year, it sits empty. So surprised and happy that they allowed me to open a Flex RS.

Steady on. Don't start calling banks "generous" because that will probably cause them to reduce their rates to savers!

HappyMJ

cevans65 wrote: »

Hi, I have been reading all about the bonuses banks are offering and the Halifax offers £100 when opening its reward current account.

It says it pays the £100 in 3 days! on completion of the switch so my obvious question is can I open, collect the £100 and then switch again to another account soon after i.e. in 30 days.

I have read all the t&c and it doesn't say u have to have the account for x number of days/ months and main conditions stated are u not had an account with them b4 and use switching service to claim £100 bonus. The only line that I wondered about is that it says "if u do not meet the conditions of the offer the £100 my be claimed back from your account" As said, the only conditions it states are those I have mentioned but obviously closing the account after i.e. 30 days, although it doesn't say a day/ moth open limit I am worried they will know exactly why im doing it and claim £100 back.


Any thoughts, anybody else done it etc


Thanks

My thoughts....keep the reward account for the £5/month.

Open a second "current account" with Halifax not the reward one and use that as a donor account to switch to another bank.

Nick_C

Steve_xx wrote: »

Steady on. Don't start calling banks "generous" because that will probably cause them to reduce their rates to savers!

Be fair. They are a Building Society.

Not that you would know it from the Directors' Remuneration packages (which I always vote against), or their interest rates, which are generally uncompetitive.

DragonQ

Nick_C wrote: »

Be fair. They are a Building Society.

Not that you would know it from the Directors' Remuneration packages (which I always vote against), or their interest rates, which are generally uncompetitive.

I don't think Nationwide have uncompetitive interest rates at all. 5% on £2500, 5% regular saver, and the 4.25% Flexclusive ISA from a couple of years ago are/were all at or near the top of offerings at the time.

pennypincher61

I'm currently living in Turkey but still have a house in the UK, which I rent out, I'm a non resident landlord with hmrc
I have an Isa and UK bank account which I had before I moved abroad and want to open a uk high interest account when my Isa finishes.
Will I be able to do this do you think?
Any recommendations as to which bank I should try?

Archi_Bald

You'll probably find it difficult to open any UK bank or building society account if you aren't a UK resident. You'd also have to think about situations where they ask you to come into Branch to prove your ID.