Regular Savings Accounts: The Best Currently Available List!

clivep

glider3560 wrote: »

You can open it in sole names online, just choose that you don't have online banking. It then takes you to a different application form which gets processed by a human and lets you deposit money manually once open.

That's a good point. I was describing the difficulty doing it once logged into your a/c but the solution you offer is a good alternative to calling them.

glider3560

For those with maturing Virgin accounts: I noticed you can request closure on a specific future date through their online banking. On the "withdrawal" page, press "Closure" then enter a date in the future. The account gets closed automatically and balance transferred to your nominated account on that day.

Seems a useful feature for those who might forget or be otherwise engaged on the maturity date.

mhoc

I've got a maturing Virgin 2 regular saver and I wondered about letting it mature and go into this other account.

Then removing all but £1 but leaving this other open and dormant for now - as a justincase account

colsten

mhoc wrote: »

Then removing all but £1 but leaving this other open and dormant for now - as a justincase account

just in case for what eventuality?

Special_Saver2

Hi Folks,

Here is this weekend's update. I have checked every account on the first page of this thread and found the following changes.

- Leeks United BS Regular Savings account interest rate increased by 0.25% to 2.25%
- Scottish BS Junior Regular Saver account interest rate increased by 0.15% to 2.15%
- Newcastle BS Big Little Saver Children's Account interest rate increased by 0.25% to 2.12%

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

mhoc

colsten wrote: »

just in case for what eventuality?

Not exactly sure what but the interest rate is slightly better.
Also as each issue matures it would be a temporary home for maturing funds

badger09

mhoc wrote: »

Not exactly sure what but the interest rate is slightly better.
Also as each issue matures it would be a temporary home for maturing funds

The interest rate is slightly better than what?

As each RS issue matures, it will automatically mature into a variable rate account, unless you follow glider3560's suggestion.

So why keep this one?

KTF

Not a regular saver in the traditional sense but the Chip app mentioned in todays email could be seen as one in so far as:

12 month 3% regular saver (up to 5% with referrals) with a max of £600 a month (£100 per day) through the manual top up. Anything it then automatically shuffles over is a bonus.

Once you have registered, you can send it a few messages to up the amount it transfers from 'normal' to 'maximum' to make it transfer over as much as possible.

schiff

I wish people would include a heading in this multifarious thread that tells you what they are referring to. Unless it's a clear reply to what has immediately gone before.

Steve_xx

KTF wrote: »

Not a regular saver in the traditional sense but the Chip app mentioned in todays email could be seen as one in so far as:

12 month 3% regular saver (up to 5% with referrals) with a max of £600 a month (£100 per day) through the manual top up. Anything it then automatically shuffles over is a bonus.

Once you have registered, you can send it a few messages to up the amount it transfers from 'normal' to 'maximum' to make it transfer over as much as possible.

Yes, the Chip app does look to be of interest. However, the issues surrounding the access it has to your accounts is a worry, ie you have to divulge login detail.

Also, if it were to go bust there is a bit of a cloud as to how easy it would be to retrieve your funds. Or if the bank bank that Chip app uses to deposit funds into goes bust, then there's a further complexity.

However, it could be useful for a Direct Debit in view of the impending Tesco problem.