Regular Savings Accounts: The Best Currently Available List!

Ed-1

liamcov wrote: »

Is this for all customers (I'm not sure what Issue I have but the rate is 3.1%)?

Yes it's just gone down to 2.1% for issue 1. Issue 2 is 2% and that's still available to open.

liamcov

Thank you for the reply Ed. Are we able to open the 2% as well then?

Another question about whether I'm eligible for the following accounts:

-Lloyds 3% and 2% (I already have one at 4%)
-Santander 3% (I already have one at 5%)
-Nationwide 2% (I already have one at 5%)

I've been out of the loop on regular savers for the past few months so doing a bit of financial tidying. How many years till we see the 9% accounts again I wonder...

[Deleted User]

If you have the Club Lloyds RS at 4pc, you can't have the Club Lloyds RS at 3pc but you can have the Lloyds RS at 2pc.

Santander: only one RS
Nationwide: you can only have the Flexclusive RS at 5pc or the "ordinary" RS at 2pc, not both.

Eco_Miser

liamcov wrote: »

How many years till we see the 9% accounts again I wonder...

A long time I hope, because along with that 9% interest was inflation at 8%+.

patientperson

Matures After 12 Months.

Mansfield Reg Saver (4) rate reduced from 2.5% to 2.25% effective 19-09-2016.

Best Feeder Accounts

Current: Santander 123 Current Account. Costs £5 per month but pays 3% interest if you have a balance between £3,000 and £20,000


Effective 01-11-2016
Monthly interest of 1.50% AER / 1.49% gross (variable) payable on your entire balance up to £20,000 from 1 November 2016.

Speculator

Eco_Miser wrote: »

A long time I hope, because along with that 9% interest was inflation at 8%+.

with the pound so weak, we'll probably end up with high inflation and very low interest rates.

adindas

I just notice the letter I received and also key product info of this account which seems to me quite unusual.

"Annual interest is paid on March 11. Monthly interest is paid on the 10th day of the month.

Maturity date:20 October 2017"

How actually this one works for those who open this account say September this year and have asked to be paid the annual interest instead of monthly interest ???

1. Do they get interest on March 11 ??
2. What happen after the maturity date on 20 October 2017, it seems to me the interest from March - October (or the total interest if March has not been paid) will be automatically added on the maturity and you could close the account ?? If not does it mean you will need to keep your account until March the following year to get interest ??

tg99

adindas wrote: »

I just notice the letter I received and also key product info of this account which seems to me quite unusual.

"Annual interest is paid on March 11. Monthly interest is paid on the 10th day of the month.

Maturity date:20 October 2017"

How actually this one works for those who open this account say September this year and have asked to be paid the annual interest instead of monthly interest ???

1. Do they get interest on March 11 ??
2. What happen after the maturity date on 20 October 2017, it seems to me the interest from March - October (or the total interest if March has not been paid) will be automatically added on the maturity and you could close the account ?? If not does it mean you will need to keep your account until March the following year to get interest ??

You'll get interest from Sep to March on March 11 and interest from March to Oct on maturity on 20 Oct.

tg99

Not sure if anyone has had same issue as me for the new Virgin reg saver but I opened it in Sep and made my initial £250 deposit and then set up £250 SO for the 1st of each month starting from Oct. Oct SO payment left my San into Virg reg saver but on same day got faster payment 'return' of the £250 back into San. Virgin say for some reason their system is saying that I could not make the first SO payment till 26 Oct (30 days after initial deposit) hence the rejection but confirmed that this is not in line with the T&C which do allow me to start SO payments from 1 Oct. Hence they are still looking into what has happened but in meantime have credited me £50 goodwill leaving me to make a manual £200 payment for Oct which worked.

schiff

I'd like that to happen to me