Regular Savings Accounts: The Best Currently Available List!

schiff

An amendment to the wonderful first post summary:

The requirement to pay in £750 to the Tesco Bank current account every month finished about September last year.

schiff

Having to open the Santander Regular Saver in the branch or on the phone is absurd, especially for Select customers. I spent 40 horrendous minutes on the phone doing just that, enduring searching ID questions at a level I've never encountered before and having all the T&Cs, protection level, etc read out to me. The staff of course have no choice but to do it.

I complained - afterwards - got a discretionary reward in my account (!) and a comment that they are looking into it with the possibility that it's something you can do online in future.

Chaykin

TSB Monthly Saver down from 5% to 2% - http://www.tsb.co.uk/savings/monthly-saver/

bristolleedsfan

Launched this week and paying a competitive rate if you want a fixed rate regular savings account is Cambridge BS. Paying 3.00% on maturity after one year, Regular Saver (Issue 4) requires a minimum initial deposit of £100, after which monthly deposits of up to £300 can be made. Monthly payments can be missed, and it is possible to access funds early, although the account will be closed and 90 days’ interest lost.

https://www.cambridgebs.co.uk/savings/bonds/cambridge-regular-saver

Steve_xx

bristolleedsfan wrote: »

Launched this week and paying a competitive rate if you want a fixed rate regular savings account is Cambridge BS. Paying 3.00% on maturity after one year, Regular Saver (Issue 4) requires a minimum initial deposit of £100, after which monthly deposits of up to £300 can be made. Monthly payments can be missed, and it is possible to access funds early, although the account will be closed and 90 days’ interest lost.

https://www.cambridgebs.co.uk/savings/bonds/cambridge-regular-saver

I noticed this on their special terms for this account:


You may operate your account at any of our local branches or via post. Payments can be made into the account using a debit card, in branch or over the telephone.

badger09

However, the Key Features PDF also states

"Paying money in
To make the most of your Regular Savings account we recommend setting up a standing order from your bank."

and

"You can now see your accounts online
We’ve made your savings accounts viewable securely online*. You can view a summary of your accounts from your PC, tablet or phone, seven days a week."

Kendall80

Chaykin wrote: »

TSB Monthly Saver down from 5% to 2% - http://www.tsb.co.uk/savings/monthly-saver/

For accounts opened after 30/06/2016.


Its not immediately clear if that reduction affects those of us with pre 30/06/16 accounts.

Lolly88

Kendall80 wrote: »

For accounts opened after 30/06/2016.


Its not immediately clear if that reduction affects those of us with pre 30/06/16 accounts.

It's a fixed rate for the duration of the term of the account so it's immediately clear that it doesn't affect those with accounts before the rate change.

MarkFromCornwall

Bucks BS Chiltern Gold Builder, already closed to new investors, previously not allowing additional payments in, from 1st September will allow existing account holders to pay in up to £250 per month, but the interest rate is dropping from 2.75% to 2.25%.

premierfella

Not that it matters much, but the existing rate on the Chiltern Gold Builder depended on the issue (mine is currently 3.37%) and the leaflet with the letter indicates issue 4 goes to 2%.