Regular Savings Accounts: The Best Currently Available List!

hgt

Just received an e-mail from Newcastle Building Society to advise that from 7th September all issues of their 'Big Home Saver' account are down to 1.25% :-(

Biggles

hgt wrote: »

Just received an e-mail from Newcastle Building Society to advise that from 7th September all issues of their 'Big Home Saver' account are down to 1.25% :-(

Shouldn't they rename it 'Small Terraced House Saver'?

patientperson

Thanks to the carnage following the 0.25% interest rate reduction there may be people looking at RS rates below 2%.

As advised by Newbury BS letter dated 19-08-2016.
Just about all savings rates are reduced.

The RS Save2spend reduced to 1.25% from 1.50% effective 19-10-2016

Ken68

Ipswich B.S still accepting applications for R.S. at 3.5%.... £500pm max.

glider3560

Ken68 wrote: »

Ipswich B.S still accepting applications for R.S. at 3.5%.... £500pm max.

Remember that it's only available to existing members or new members with IP, NR, CO, CM, CB or PE postcodes.

I did speak to them recently to ask if the rate would be reducing, their response was along the lines of "we're still reviewing the impact". They didn't seem prepared to commit to anything.

Special_Saver2

Hi Everybody,

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

- Progressive BS interest rate drop from 2.2% to 1.5% from 1st September noted on entries for their regular saver account in post 2
- Swansea BS interest rate dropped to 2.5% (post 5, interest rate appears to have dropped immediately for new customers looking at their wesbite)
- Darlington BS High Days & Holidays Bonus Saver interest rate dropping to 1.75% from 10th October noted in post 2 (I have also put a note on the entry for the children's version of this account in post 3 indicating that this interest rate could well drop too)

Many thanks to the forum users who have provided useful information regarding interest rate changes.

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

bristolleedsfan

https://forums.moneysavingexpert.com/discussion/608697

Nationwide BS Save to Buy (Issue 2) Account

Terms changed 27 January 2016

Issue 1 and Issue 2 became Issue 3 ( Issue 3 has been a closed issue for some time)

Maximum balance increased to 25000 ( No limit to monthly deposit)

Rate is and after 1 September will continue to be 2%


"If you make no more than 1 withdrawal in an Account Year you will receive the Higher Interest Rate for the whole of the Account Year"

"If you make 2 or more withdrawals in an Account Year, you will receive the Higher Interest Rate for the period of the Account Year up to the date of the second withdrawal and the Lower Interest Rate from the day after the second withdrawal was made, for the remainder of the Account Year"


http://www.nationwide.co.uk/support/support-articles/terms-and-conditions/save-to-buy-terms-and-conditions-issue-3


I am not sure if the three year account life period still applies

bristolleedsfan

This has been a closed Issue for a while - I have been funding it out of existing savings with 1000.00 a month for last 2+ years

Letter received today - Rate being reduced from 3% to 1.75% as from 2nd October.

adindas

glider3560 wrote: »

Remember that it's only available to existing members or new members with IP, NR, CO, CM, CB or PE postcodes.
.

About a year ago I tried applying by post. It was declined and my application form was returned to me.

I wonder if anyone else apart from the stated post code as abovehave any luck ??

patientperson

Letter received dated 24-08-2016.

Rate reduction effective 02-10-2016.

With Bonus .. rate reduced from 2.25% to 2.00%.

Without Bonus .. rate reduced from 1.75% to 1.5%