Regular Savings Accounts: The Best Currently Available List!

oysteroyster

fun4everyone wrote: »

Nationwide?

Yeah, it had crossed my mind. I closed my Nationwide FlexDirect Current Account after the interest dropped, but that was over 12 months ago, so it's probably time to open and new one and take advantage of the CA interest, as well as the monthly saver. Thanks!

Special_Saver2

Hi Everybody,

I have completed this weekend's update for the first page of this thread.

I have updated the interest rate on the Club Lloyds Monthly Saver to 3%.

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

steve65e

It looks like Dudley regular saver 3 has closed.

Regular saver 4 only pays 1.5%

Special_Saver2

Hi Folks,

I have completed this weekend's update for the first page of this thread.

I have removed the Dudley BS One Year Regular Saver (Issue 3) which has been withdrawn and the issue 4 interest rate is too low to qualify for inclusion on this thread. I have checked the other Dudley BS account listed on the first page (3.5% Junior Easy Saver) and this is unchanged.

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

Special_Saver2

Hi Everybody,

I have completed this weekend's update for the first page of this thread.

There is nothing that 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

Jibeddy

Hi my first post (I have been lurking for a while though).

I'm fairly young and am just starting with my saving. I've opened a TSB Classic Plus but have nearly reached the £2000 'limit'. I'm considering opening the linked regular savers account however I have one question in the back of my mind; once an account has matured, and I no longer want the measly interest, can I simply close the account and move the money elsewhere? And if so, does this affect my credit rating?

ctdctd

Jibeddy wrote: »

I've opened a TSB Classic Plus but have nearly reached the £2000 'limit'. I'm considering opening the linked regular savers account however I have one question in the back of my mind; once an account has matured, and I no longer want the measly interest, can I simply close the account and move the money elsewhere? And if so, does this affect my credit rating?

Yes, you can move your money at anytime during the 1 year savings period or after it has ended instantly and without penalty.
No, a credit search won't be done to open a savings account.

If you want to open one, I'd do it today as there are strong rumours that the interest rate on the account will be greatly reduced this week.

Edit:- This is the thread talking about the possible rate drop - possibly as early as today. I'd open now while the TSB web site is still showing 5% to be safe!
https://forums.moneysavingexpert.com/discussion/5475673

AlwaysLearnin

Hi SS2. Just to point out, Halifax Kids RS now down to 4%

http://www.halifax.co.uk/savings/accounts/kids/kids-regular-saver/

Jibeddy

Much appreciated! I've opened one now.

Just one thing left on my mind, can I just close the account when my year of 5% is up and I'm done with it?

ctdctd

Jibeddy wrote: »

Much appreciated! I've opened one now.

Just one thing left on my mind, can I just close the account when my year of 5% is up and I'm done with it?

After the year is up, the TSB Monthly Saver becomes an instant access Easy Access saver at a much lower interest rate. You can keep it or close it as you wish. If the Monthly Saver is still available in a years time, you can open another one if you like and start again.

HTH