Regular Savings Accounts: The Best Currently Available List!

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%.

Special_Saver2

Hi Folks,

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

- Halifax Kids' Regular Saver account interest rate reduced from 6% to 4% for new applicants (updated in post 4)
- Tesco Bank current account no longer requires £750 minimum monthly payment (updated in post 9)
- TSB Monthly Saver interest rate reduced from 5% to 2% for new applicants (the unlimited penalty-free withdrawals mean that it still qualifies for inclusion on the first page of this thread, updated in post 5)
- Cambridge BS Regular Saver (Issue 4) paying 3% on £300 per month for 1 year and open to all UK residents added to post 4

Many thanks to the MSE forumites who helped with their posts on this thread this week.

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

afmfifgh

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?

ctdctd wrote: »

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

Just to add some meat to the bones of this - If you want to close the account you only have 2 options, 1 is to visit a branch and the other is to post a letter to your registered branch.

I think it is ridiculous that if you can open an account online you can't close it online. Even on the phone would do but nope you can't do either.

The reason I was given was that they needed to see my signature! :mad:

Eco_Miser

afmfifgh wrote: »

I think it is ridiculous that if you can open an account online you can't close it online. Even on the phone would do but nope you can't do either.

The reason I was given was that they needed to see my signature! :mad:

It is ridiculous (Lloyds manages to close accounts online with virtually the same back-end), and it just means that TSB will accumulate a lot of dead, empty Easy Saver accounts, for which they still need to contact the customer yearly to inform them of their rights under FSCS.