Regular Savings Accounts: The Best Currently Available List!

Vortigern

fabsaver wrote: »

The Virgin Money Regular E-Saver has a new issue:

Virgin Money Regular E-Saver Issue 2 maturing 20th December 2017 2.25% http://uk.virginmoney.com/savings/find/regular_e_saver_issue_2/overview/

Thanks. That provides a convenient home for the cash that won't be going to Leeds BS issue 3.

[Deleted User]

fabsaver wrote: »

The Virgin Money Regular E-Saver has a new issue:

Virgin Money Regular E-Saver Issue 2 maturing 20th December 2017 2.25% http://uk.virginmoney.com/savings/find/regular_e_saver_issue_2/overview/

The terms allow you to open one account per issue so it is possible to open this and save another £250 per month, even if you already have the first issue E-Saver account.

The website also lists a branch operated passbook regular savings account paying 2.25% http://uk.virginmoney.com/savings/find/regular_saver_issue_1/overview/ It is a different account to the E-Saver therefore I can't see any reason why you couldn't have one of those accounts as well.

In theory up to £750 a month at 2.25% plus access to the Virgin Money lounges and regular free prize draws :money:

Thanks for bringing this to notice. I've opened Virgin Regular E Saver Issue 2 today and paid in the first monthly £250. I already have Issue 1, which matures October 2017, and am paying in £250 every month into that as well. Thanks Virgin!

mgarl10024

gilly56 wrote: »

I got a letter this morning from LBS regarding RegularSaver Issue 3. From 1st Feb 2017 the combined interest + bonus rate is going down to 2.30%. You can continue to add money to Issue 3 until 31st Jan 2017 when it will become a closed issue. You can leave the Issue 3 account open until 31st Oct 2017 and it will continue getting the 2.30% interest up to that date.

They now have Issue 4 available with 2.30% interest and you can open it and add to it monthly as well as leave Issue 3 open meantime.

Letter received this morning.

hgt

mgarl10024 wrote: »

Letter received this morning.

Got mine too! Quite impressed how they knew I already have the issue 4 account too, made it seem not so much like a generic letter. Doesn't change the fact I'll be closing my issue 3 though of course!

glider3560

hgt wrote: »

Got mine too! Quite impressed how they knew I already have the issue 4 account too, made it seem not so much like a generic letter. Doesn't change the fact I'll be closing my issue 3 though of course!

I thought the same about the letter - nice touch. But I'll be keeping my Issue 3 until the 2.3% rate ends. I can't see anywhere offering more (that I don't aleady have open), especially considering I've maxed out all the current accounts.

scubado2

I too plan to retain the account at 2.30% at least until I can find new homes at a better rate (i.e. drip-feeding my regular savers and higher rate bank accounts).


Something I queried with LBS was how 'unconditional' the terms are especially as regards withdrawals. I've just had a call back from an advisor who confirmed that you can make unlimited withdrawals through to 31st October 2017 while still retaining the full rate of 3.05% (to 31st January) and 2.30% thereafter.


Hope this helps.

vm2pensioner

gilly56 wrote: »

As far as I can see there is no facility to make withdrawals or transfers-out online so I'd assume you go to a branch or post passbook off to them with your instructions. I had this address in my notes.......

Internet Accounts,
Leeds Building Society,
105 Albion Street,
Leeds,
LS1 5AS.

Dunno why they bother to call them Internet Accounts when it would seem all you can really do online with them is check your balance!

If you already have an online account with LBS, you can have the closing balance of the regular saver transferred to that account and then by BACS to your bank account.

Special_Saver2

Hi Folks,

I have completed this weekend's update for the first page of this thread.

I cannot see anything that has changed.

I will do another update next weekend.

SS2

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For those new to this thread, the first few posts are constantly updated and are here: http://forums.moneysavingexpert.com/...=608697&page=1

glider3560

vm2pensioner wrote: »

If you already have an online account with LBS, you can have the closing balance of the regular saver transferred to that account and then by BACS to your bank account.

That is well worth knowing, thank you.

I now plan to open an online account with LBS for withdrawal purposes only, but it seems the only issue has a minimum £5000 balance at the moment.

Ashen

The letter does say the LBS RS Issue 3 will move to an 'easy access' account on 1 November 2017, so would have thought that would likely be the same?