Regular Savings Accounts: The Best Currently Available List!

themanfromamarillo

Yeah I just got the same letter from the Nottingham, glad they didn't just shut down my account.

I'm going to stick with the 2% as it's better than most and I've got higher paying accounts filled. I think part of the magnitude if the change is that people have been expecting interest rates to rise so that was priced into the rates some banks were offering. The likely economic shock of Brexit has led to easier monetary policy and an expectaction that rates may even move lower. This hasn't only caught the banks on the hop, Duncan Weldon (formely of Newsnight) recently had to eat his shoes over a bet about where interest rates would go next.

JamesRobinson48

In the current interest rate environment, the Holmesdale Building Society's RS product (2.00% variable, max £250 per month, 12 months) now looks OK and currently seems to be open to all UK residents. There's been almost no mention of it on this forum. Please could anyone with this account kindly offer any feedback on it?

patientperson

JamesRobinson48 wrote: »

In the current interest rate environment, the Holmesdale Building Society's RS product (2.00% variable, max £250 per month, 12 months) now looks OK and currently seems to be open to all UK residents. There's been almost no mention of it on this forum. Please could anyone with this account kindly offer any feedback on it?

I have been a member of Holmesdale since 2000.

I have no problems with them at all. IMO the main reason that there is little mention of them on this forum is that 2% seems now like the normal whilst the criteria was to track and mention accounts with interest rates of 3% and greater.

patientperson

glider3560 wrote: »

According to the factsheet, it is £10 minimum: http://www.ibs.co.uk/images/documents/terms-and-conditions/IHS220_Smart_Save_Monthly_0716.pdf

Not sure where I got £50 from.

To remain a voting member of any BS one must have at least £100 deposited or have a mortgage with that society. In the unlikely event of any windfall if 2 BS merge then again the £100 (or mortgage) will be considered as being an eligibility factor for distribution.

patientperson

Letter received today - not dated.

Interest rate reduction effective 01-10-2016.

Existing rate 2.05% .. new rate 1.80%

patientperson

Letter dated 15-09-2016.

The rate will be reduced 04-10-2016.

Current rate 2.00% - New rate 1.30%.

planteria

i don't bother with BS regular savers pp, other than Nationwide's 5% at the moment. fwiw if you want to retain £100 in a BS for membership rights i'd just leave £100 in an instant access account.

patientperson

Revised interest rates leaflet received 17-09-2016

Regular Savers - Issue 3.

Present rate 2.30% .. New rate 2.05% .. effective 01-10-2016

patientperson

planteria wrote: »

i don't bother with BS regular savers pp, other than Nationwide's 5% at the moment. fwiw if you want to retain £100 in a BS for membership rights i'd just leave £100 in an instant access account.

That is one way planteria .. but you know all about BS and associated eligibility.

My comment was to remind other BS members who are not aware of the £100 rule.

Westie983

schiff wrote: »

I started mine by an online transfer from the current account?

Oh okay, The application form I applied with asked for a personal cheque to be sent with the application.

Still not quite sure how I can find out without the T&C's Ill call on Monday.