Regular Savings Accounts: The Best Currently Available List!

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?

karlie88

Cambridge BS's Regular Saver Issue 5 can now be opened by snail mail (was branch only before).

2% fixed rate for 12 months with maximum monthly deposits of £300.

[Deleted User]

karlie88 wrote: »

Cambridge BS's Regular Saver Issue 5 can now be opened by snail mail (was branch only before).

2% fixed rate for 12 months with maximum monthly deposits of £300.

Thanks for this. Useful to know if you don't already have a Regular Saver with Cambs BS.

It seems that you can only have one RS with Cambs at any time. It's not one per issue (as eg Virgin Money). Shame. I would like to have opened an RS Issue 5 but already have Issue 4.

schiff

fabsaver wrote: »

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 from 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:

The Store account has a different Issue number and is available even if you have Issues 1 and 2. Off to open one tomorrow! The Store staff don't exactly exude efficiency on the phone.