Regular Savings Accounts: The Best Currently Available List!

Special_Saver2

Hi Folks,

I have updated the first post with the information about the Cambridge BS account (can be opened by post or phone).

There is nothing else I can see 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

JamesRobinson48

Incidentally I didn't spot on your list the current RS offering from Swansea Building Society: 2.50% p.a. variable, 12 months, max £500 per month, branch or post. Sadly it's only open to residents of Wales, so that counts me out (as well as presumably ~95% of other forum users).

mgarl10024

JamesRobinson48 wrote: »

Sadly it's only open to residents of Wales

Just had a quick scan and couldn't obviously spot it - would you mind pointing out where you saw this?

mhoc

mgarl10024 wrote: »

Just had a quick scan and couldn't obviously spot it - would you mind pointing out where you saw this?

http://www.swansea-bs.co.uk/building-society-savings-accounts/regular-saver

How do I open and manage my account?
Only one account per person/institution is allowed. To open an account you must be resident in Wales. Simply call at one of our branches or complete an application form and post it to us together with a cheque made payable to ‘Swansea Building Society a/c (your name)’. Minimum monthly investment is £25 up to a maximum of £500. At least one deposit must be made every month. Regular monthly payments may be made by Standing Order or transfer from another account held with the Society. The Standing Order/Transfer should be set up for any day the following month direct with your bank. In the case of a joint account, only one Standing Order/Transfer can be operated. Failure to comply with any of the above conditions will result in the account being closed and the balance transferred to another account you hold with the Society.

Special_Saver2

Hi Everybody,

I cannot see anything that has changed for this weekend's update.

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

ctdctd

Thanks to cosh25 for this "heads up"

Leeds Building Society Reg Saver Iss 5 launch 4th July - 12M, 250pcm, 2.30%.

https://forums.moneysavingexpert.com/discussion/5671803

mhoc

ctdctd wrote: »

Thanks to cosh25 for this "heads up"

Leeds Building Society Reg Saver Iss 5 launch 4th July - 12M, 250pcm, 2.30%.

https://forums.moneysavingexpert.com/discussion/5671803

I just gave them a ring to make sure you could have a issue 4 and an issue 5 and that's no problem - its one of those you can apply for online then you print off and send your cheque she said.

Also issue 4 has a maximum holding of £6000 - so if you deposit the maximum £250 you will reach this level after ??? number of months - when my account is close to the maximum I am dropping my standing order down to the minimum amount at that stage - for me that will be towards the end of 2018.

mgarl10024

mhoc wrote: »

I just gave them a ring to make sure you could have a issue 4 and an issue 5 and that's no problem - its one of those you can apply for online then you print off and send your cheque she said.

Also issue 4 has a maximum holding of £6000 - so if you deposit the maximum £250 you will reach this level after ??? number of months - when my account is close to the maximum I am dropping my standing order down to the minimum amount at that stage - for me that will be towards the end of 2018.

I'd need to check, but I think someone suggested that when you reach the £6000 withdrawing £600 and putting the SO to £50.

mhoc

mgarl10024 wrote: »

I'd need to check, but I think someone suggested that when you reach the £6000 withdrawing £600 and putting the SO to £50.

thanks for this - an excellent idea

castle96

"I'd need to check, but I think someone suggested that when you reach the £6000 withdrawing £600 and putting the SO to £50"

I'm missing something here... why would you do above ? Is it 'just' to keep the a/c open/earning 3.05% ? Why £600? Why SO of £50 ? (£50 x 12 = £600, so .....?) Please explain.