Regular Savings Accounts: The Best Currently Available List!

johnmoney05

Roland_Flagg wrote: »

I've just noticed that Leeds Reg Saver issue 4 has a max limit of £6k to get the best interest rate.

Can anyone remember if Issue 3 had a similar T&C?

The maximum investment and operating balance is £1,000,000 (£1,000,000 for joint accounts). Although it is unlikely to reach the limit.

Eco_Miser

CRAIGSVILLE wrote: »

I have a few regular savers coming to their 12 month maturity shortly - HSBC/M+S/FD 6%
After the 12 months is up + the money is in a different lower savings account, is it then ok to open another 6% 12 month saver with the same bank?

That is the normal way of operating these sort of accounts. However, as schiff said, 6% may not be available when you come to open a new one.
Read the T&Cs of each individual account to be sure you still qualify.

CRAIGSVILLE

Thanks for that guys :-)

I will check. I have a maturing TSB one aswell, but that is 2% for a new one now, so defo going to stick that monthly saving towards the mortgage instead

Cheers

Craig

Westie983

Eco_Miser wrote: »

That is the normal way of operating these sort of accounts. However, as schiff said, 6% may not be available when you come to open a new one.
Read the T&Cs of each individual account to be sure you still qualify.

Lets hope so, my FD matures tomorrow, the interest has already been added to the account, but still showing online at the moment, so I think it will transfer tomorrow, so I will be opening another 6% as soon as I see the payment transferred, and no sign of the regular saver account.

Crossing my fingers

:-)

schiff

I was in a similar situation waiting for the 12 months gap to end since my last Nationwide FlexDirect was closed. It's an agonising time. Hope it works out for you.

karlie88

schiff wrote: »

I was in a similar situation waiting for the 12 months gap to end since my last Nationwide FlexDirect was closed. It's an agonising time. Hope it works out for you.

You make it sound like a life or death situation.

schiff

karlie88 wrote: »

You make it sound like a life or death situation.

Not quite, more mince or fillet steak

badger09

schiff wrote: »

Not quite, more mince or fillet steak

Fillet steak or mince:cool:

Westie983

FD, regular saver matured, and new one opened at 6%,
quite good in the current situation.

afmfifgh

patientperson wrote: »

Letter dated 09-09-2016.

Rate reduced from 2.25% to 2.00% effective 20-09-2016.

The rate is 0.50 % + a bonus of 1.5% provided 11 equal payments received and only 1 withdrawal made annually.

Can anyone else check the following for me:

The letter dated 09/09/2016 said that the rate was changing from:

0.75% + 1.50% bonus
to
0.50% + 1.50% Bonus.

However, according to my records and the letter for the last rate change on 01/06/2016, letter dated 29/04/2016, the previous rate was changed from:

1.00% + 1.50% bonus
to
1.00% + 1.25% bonus

So I don't get why they are saying on the most recent rate change letter (09/09/2016) that the rate was made up of only a base rate of 0.75% and not the 1.00% they had said previously and a 1.25% Bonus. Basically the rate is the same if you meet the bonus requirements but if you don't they have seemingly retrospectively shifted 0.25% from the base rate to the bonus rate.

Did I miss a rate change or are Loughborough incorrect and potentially under paying those that don't get the bonus, i.e. paying 0.75% instead of 1.00% from some unknown date?

And also have they now therefore from 20/09/2016 dropped the base rate by 0.50% and increased the bonus part by 0.25%.