Regular Savings Accounts: The Best Currently Available List!

Steve_xx

Deleted_User wrote: »

You can also stop monthly payments altogether. But any money already deposited will be trapped in the account until the first anniversary of the initial deposit, unless you close early under penalty of 90 days loss of interest. These are very poor terms for a regular saver account. Might be worth it if the interest rate was significantly higher than average but 2% just doesn't do it.

Well yes, what you say is correct. But, if you invested for say 9 months before deciding to call it a day for whatever reason, then you would have 2700 in the account. You might as well not bother making further deposits and simply let it peter out on the 12th month? Of course if you had a change of heart sooner, then you'd have less "trapped" money in there.

Kernel_Sanders

Frogletina wrote: »

VM regular eSaver 8
VM regular branch saver 7

frogletina

Thanks, though I'm wondering why you havn't included the Leeds RS Issue 9..,

AirlieBird wrote: »

Leeds BS are increasing all variable rate regular savers to 2.55% from 23 November

karlie88

Kernel_Sanders wrote: »

You're allowed 3 with VM?
What about the Leeds RS Issue 9?

Where have you been?! There are some people with over 10 RSs with Virgin Money. You're allowed one of each issue.

Leeds RS issue 9 will increase from 2.3% to 2.55% from 23rd Nov.

Frogletina

Kernel_Sanders wrote: »

Thanks, though I'm wondering why you havn't included the Leeds RS Issue 9..,

There are a lot of details on this thread about the regular savers available - I suggested the current VM ones because I knew it would be easy for you to get them as you have one already. I currently have 14.

I personally have applied for the Leeds RS, but they need a certified document from me to prove my identity. I need to ring them as I was with them a few years ago.

frogletina

milton1970

All,


QQ - I have a Halifax Regular Saver (2%) that has been running for 12 months - current t&cs suggest that it was a 12 month account but something imn the back of my memory tells me that it was a 24 month account when I set it up 12 months (ish) ago. - Does anyone have the t&cs applicable for set ups in Dec 2016 ?


Can flex either way but rather know the facts


TIA


Milton

EachPenny

milton1970 wrote: »

QQ - I have a Halifax Regular Saver (2%) that has been running for 12 months - current t&cs suggest that it was a 12 month account but something imn the back of my memory tells me that it was a 24 month account when I set it up 12 months (ish) ago. - Does anyone have the t&cs applicable for set ups in Dec 2016 ?

I don't have the T&C's to hand, but mine is a similar age and as expected I've just had the letter informing me that the year is coming to an end.

As far as I was aware 12 months was the only option - if a 24 month option was available I'd have certainly gone for that instead.

Sea_Shell

Is it both Halifax and BoS that are due to launch 2.5% RS in December? Do you think you'll be able to have one of each, if you've got a BoS CA, and a Halifax CC (but not CA) ?? i.e. internet banking for both.

Baited breath held!!!

10_66

You could "roll over" the Halifax regular saver to continue (well, unless terms have changed because you could do this a couple of months' ago). The letter that you received advising of its maturity mentions the roll over option, you just have to phone them to let them know (the previous year's balance is transferred out, so you start with a nil balance for the new "rolled over" year).

I can't remember if Halifax is fixed rate or not, so if fixed at 2%, you'd be better off re-starting a new one if the rate's increasing, rather than rolling over old one.





...........

Neil_Jones

The "open to all Halifax" regular saver is 2% and IIRC its fixed interest and was for 12 months. Based on most big bank behaviour on these things its probably going to be a "one only of any of them", as opposed to the Virgin way of "one of each issue" if a new rate of 2.5% comes out.

badger09

Sea_Shell wrote: »

Is it both Halifax and BoS that are due to launch 2.5% RS in December?

Yes

Sea_Shell wrote: »

Do you think you'll be able to have one of each, if you've got a BoS CA, and a Halifax CC (but not CA) ?? i.e. internet banking for both.

Baited breath held!!!

No reason why not. BoS requires you to have a BoS current account in order to qualify for the RS. Halifax doesn't, presumably because it is a fixed term account:cool: