Regular Savings Accounts: The Best Currently Available List!

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

10_66

If a regular saver account’s opening date is, say 1st September, but the initial standing order doesn’t go in until the 2nd September, can you amend the future standing order date from the 2nd October to the 1st October?

Vortigern

10_66 wrote: »

If a regular saver account’s opening date is, say 1st September, but the initial standing order doesn’t go in until the 2nd September, can you amend the future standing order date from the 2nd October to the 1st October?

Depends on the bank. HSBC and first direct do not allow you to change the standing order dates, other banks may allow this.

I'm afraid you'll have to read the terms and conditions.

Edited to add: Apparently it is possible to change the date on HSBC standing orders, by cancelling the original SO and creating a new SO. See posts below.

themanfromamarillo

So I've got a Leed BS Issue 3 RS and a Nottingham BS RS openned 18 months ago. Need to check the T&Cs to make sure they don't close the accounts in 6 months or so