Regular Savings Accounts: The Best Currently Available List!

Type_45

I guess we can now remove the BoS accounts from our list... got my letter today saying that the interest rate was getting reduced to 2% from June.

2% is better than nothing, of course, but is hardly anything to shout about.

schiff

The £15K that was in Santander at 3% is better in Bank of Scotland even with its eventual 2% than it would be were it still in Santander at 1.5%

£75 per annum better to be exact.

Type_45

£75 per annum... *whistles"

arsenalboy

Type_45 wrote: »

£75 per annum... *whistles"

£75 here, £50 there etc etc, it all adds up and that what we are trying to do i.e., maximise returns.

EachPenny

arsenalboy wrote: »

£75 here, £50 there etc etc, it all adds up and that what we are trying to do i.e., maximise returns.

Absolutely! It all depends what your individual objectives are, how much you have to save, and how much time you are prepared to put in to get the return you want. The BoS Regular saver/current account offer at 2% gives a reasonable return for someone who can't spend the time dealing with multiple banks, or for someone who has already used up all the higher interest offerings and still has money to place somewhere.

The BoS/Halifax regular savers have been 2% for a long time, that the current account is heading downwards too is annoying, but not enough to make it worth throwing them out of the mix.

If all the sub-2.5% interest accounts were scrubbed from the list there wouldn't be a great deal left for a lot of people.

teddysmum

schiff wrote: »

The £15K that was in Santander at 3% is better in Bank of Scotland even with its eventual 2% than it would be were it still in Santander at 1.5%

£75 per annum better to be exact.

That's assuming that all your £60 fee has been covered by cashback on the allowable payments, or the difference could be more.

fabsaver

soulsaver wrote: »

I didn't 'get them to..', she just told me that's what would happen.

AFAIK wasn't a personal favour for me, she appeared to be consulting/reading from an internal CS bulletin.

Maybe your CS rep is just quoting the standard rule & hasn't checked the latest?

I'll report back Tomorrow/Friday & confirm the result.

Edit: Just checked, they have already closed it, and paid the contents plus interest into my chosen Santander account.And delisted it. I'm off to open the Iss5...

Thanks soulsaver.

I contacted them again, by secure message this time. I have now had the full closing balance plus interest transferred to my account

The first CS rep I spoke to clearly hadn't seen or read that bulletin. It's just as well I have this forum to obtain the correct facts :money:

10_66

Re my earlier post #5267, I've now had confirmation that IT are dealing with the error on regular savings tool.

Frogletina

10_66 wrote: »

Re my earlier post #5267, I've now had confirmation that IT are dealing with the error on regular savings tool.

That's good news, you did well to spot it

frogletina

Special_Saver2

Hi Folks,

Here is this weekend's update.

- Santander Regular eSaver (issue 4) removed and replaced with issue 5 paying up to 5% in post 5
- Nottingham BS Tigers account withdrawn and removed from page 1
- Chelsea BS regular savings account withdrawn and removed from page 1

Many thanks to all the forum users who to continue to make useful posts on this thread with helpful information.

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