Regular Savings Accounts: The Best Currently Available List!

adindas

karlie88 wrote: »

You could get an indication by looking within internet banking. When clicking on my flexclusive regular saver and fixed rate ISA, there's a subsection stating the interest rates on the accounts. Not a guarantee of what you'll get, but at least it gives you hope.

Thanks I just notice this. I also check my flex direct account no interest info available like the on saving A/C ?

Do you know or anyone else know whether we could check the current interest applied on our FlexDirect A/C ??

adindas

Speculator wrote: »

I'll probably reduce the monthly contribution in the 2nd year so it lasts longer than 2 yrs.

I think hgt idea on post #4241 is better to maximize interest for those who still have saving paying lower than 2.3%. The only risk is if you exceed the limit. Spending time watching it below the limit for such tiny gain might not be worthy ...

Does anyone have any better idea to stay within the limit but with very little time to invest ??

schiff

adindas wrote: »

I think hgt's idea on post #4241 is better to maximise interest for those who still have savings paying lower than 2.3%. The only risk is if you exceed the limit. Spending time watching it below the limit for such tiny gain might not be worth it ...

I prefer that idea too. You only have to take two actions - withdraw £600 and change your standing order. Can be done at the same time.

Speculator

adindas wrote: »

I think hgt idea on post #4241 is better to maximize interest for those who still have saving paying lower than 2.3%. The only risk is if you exceed the limit. Spending time watching it below the limit for such tiny gain might not be worthy ...

Does anyone have any better idea to stay within the limit but with very little time to invest ??

Sorry, I didn't read the T&Cs so wasn't aware you are allowed 1 penalty free withdrawal per yr.

I might open one with £50pm and forget about it because we already have £8.5K pm going out to various regular savers and the lowest is earning 2.5% (Penrith) and the rest are above 3%.

Ed-1

Speculator wrote: »

Sorry, I didn't read the T&Cs so wasn't aware you are allowed 1 penalty free withdrawal per yr.

I might open one with £50pm and forget about it because we already have £8.5K pm going out to various regular savers and the lowest is earning 2.5% (Penrith) and the rest are above 3%.

What regular savings accounts have you got open?

veryintrigued

Speculator wrote: »

I might open one with £50pm and forget about it

Similar to my strategy but will semi forget about it.

If other savings I have reduce to close to the rate of this product then I'll up the monthly amount (assuming its variable bit isn't reduced in the mean time).

Similarly if I start to accrue too much in this and other products are better I'll cream off.

Speculator

veryintrigued wrote: »

Similar to my strategy but will semi forget about it.

If other savings I have reduce to close to the rate of this product then I'll up the monthly amount (assuming its variable bit isn't reduced in the mean time).

Similarly if I start to accrue too much in this and other products are better I'll cream off.

That's what we did with our Yorkshire regular saver when it became uncompetitive. Kept it running for a while with £10pm.

Glad we didn't close them!

Speculator

Ed-1 wrote: »

What regular savings accounts have you got open?

Off the top of my head...

Nationwide, Stroud & Swindon(now Coventry), Norwich & Peter Family/efamily reg, Saffron Regular ISA, Saffron regular/ Saffron childrens reg, Hx childrens reg, Lloyds reg, Santander reg, Leeds reg, Penrith 300, Yorkshire reg.

We have more than 1 a/c of each.

I probably have more accounts but don't have access to my main computer because my daughter is currently playing Animaljam on it.

adindas

Special_Saver2
You might want to start considering to list RSA paying 2%+ interest even if there is not any penalty free withdrawal, especially the one which could be open online or by post.

With the current climate especially after Santader123 cut their rate to 1.5% in November +£5 monthly fee , I fully believe people start looking into this RSA and consider it to still provide an acceptable return ..

schiff

Speculator wrote: »

I probably have more accounts but don't have access to my main computer because my daughter is currently playing Animaljam on it.

This could become a sticky