Regular Savings Accounts: The Best Currently Available List!

RDB

As higher deposit mortgages get cheaper and the gap between 50% LTV and 90% LTV deals gets wider it will just make new buyers less likely to buy since they are getting a rough deal. Huge fees just arent justified also.

The Government keeps giving the banks money and none of it is getting down to the people who need it. they just pay themselves bonuses with it.


Anyway about the Brit home saver account.

Yes you can apply now and if its turned down the account will be closed and you can close the account for free.

But then it will be harder for you to get a mortgage next time. Also if you do apply will you have to pay any charges at all?

Paul_Herring

Yoshua wrote: »

Any one on here know about the Britannia Home Save account? As all the other similar accounts the rate has gone right down and I would prefer the cash out of there. I can withdraw for a penalty, or if I apply for mortgage and it doesnt get accepted I can close the account for free

I think 90 days worth of interest at close to 0% won't be very much.

Afahmaep

steveteach wrote: »

Hi

I can confirm that you can have several Principality Regular Saver Bonds running at the same time.

I now have one for issue 5 (7%), one for issue 6 (6%) and one for issue 7 (5%).

Also Abbey never did open my paper based application for their Regular Saver Issue 8, they lost the paperwork!

Likewise Abbey; I have just opened their Fixed Rate Monthly Saver 10 so have Issues 7 (7.25%), 8 (6.00%), 9 (5.00%) & 10 (4.50%) running concurrently.

Special_Saver2

Hi Folks,

According to this page on emoneyfacts, Market Harborough BS have launched a new regular saver account. The details are not yet up on the Market Harborough website - the details of the withdrawn accounts are there at the time of writing this message. It pays 3.25% gross p.a. variable on £10 to £2,500 per month for 12 months and allows 1 penalty free withdrawal per month. When all the interest rate cuts filter through then if it is competitive I will add it to my list.

Regarding the Beverley BS regular savings account that we have discussed in the posts above, I thought it only fair to mention that I have received a reply to an e-mail that I sent this weekend to Beverley BS asking about the interest rate on this account. Although the bonus component of the interest is going to drop to 1.5%, they are planning on making the non-bonus interest rate 1% giving an overall interest rate of 2.5% from 1st March. I do still have the concerns expressed in post 529 plus the interest rate is not great, so I am going to keep this account off the list for now.

Yoshua, I agree with the points made above by RDB and Paul_Herring - the cost of the interest penalty is probably not going to be that great and I wonder how much it is going to cost you to make a mortgage application.

To be fair on Britannia BS, that interest rate (3.5% before the February interest rate cut) is quite good compared to the best variable interest rate accounts on Martin's Savings Accounts page - ICICI 2.95% (not the 3.55% which is currently displayed on Martin's page - it dropped on 30th January), Alliance & Leicester 3.1%, ING Direct 3.5% for new customers, Investec 4.07% on £25,000+ with 90 days notice for withdrawals, and the AA paying 3.03%. If you intend to take out a mortgage with Britannia BS at some point (which I presume is why you opened this account) then it is not a bad account.

SS2

bristolleedsfan

Special_Saver2 wrote: »

Hi Folks,

According to this page on emoneyfacts, Market Harborough BS have launched a new regular saver account. The details are not yet up on the Market Harborough website - the details of the withdrawn accounts are there at the time of writing this message. It pays 3.25% gross p.a. variable on £10 to £2,500 per month for 12 months and allows 1 penalty free withdrawal per month.
quote]


MH On The Dot Instant Access Account pays 3.50% on 1.00+

MH Sixty + Surfer pays 3.65%

On The Dot 30 Days Notice pays 3.85% on 1.00+


Whats the point in listing regular saver accounts when their are instant access savings accounts and accounts with lesser withdrawal restrictions paying more. :huh:

Speculator

I've closed the majority of my regular savers leaving me with only fixed rate regulars paying 6, 7, 7.5, 7.75 and 10%

Much more managable than the 40+ regular a/cs I used to have.

dougz_2

Bradford & Bingley Fixed Rate Monthly Saver (Issue BBI1)
How do you find out which particular branches they have "selected" to offer this?

JYK

Call your local branches

bristolleedsfan

dougz wrote: »

Bradford & Bingley Fixed Rate Monthly Saver (Issue BBI1)
How do you find out which particular branches they have "selected" to offer this?

http://www.abbeyatbradfordandbingley.co.uk/

Then at bottom of page click on

"To find out more about this and other Abbey at Bradford & Bingley products, find your nearest branch."

madirishwomen

Hi

still new to site and not sure how it works. can you help

I owe 9000 to a family member and need to pay back by dec 2010. what is the best way to do this??

what account is best for this. i dont know much about savings and rates! i want to save monthly. hope you can help