Regular Savings Accounts: The Best Currently Available List!

nicko33

cashbackproblems wrote: »

Presumably the current acc is so the money can be paid into there upon maturity?

Lloyds website says:
"Carry on saving - at the end of the term your account will convert to an Easy Saver Account."

When I opened mine I think it specified the Easy Saver 2010.
So I expect the funds remain in there on maturity, earning almost nothing unless you remember to move them.

DFB_2

My current regular saver ends next week. It is with the Halifax at 10%.
In order to boost the 4% that they currently offer, I have opened two reward current accounts for myself and my wife, where they pay £5 a month net for a monthly £1000 deposit. I intend to transfer the £1000 from my Nationwide Flexaccount to my wifes account, then 7 days later transfer it to my account, before paying into the two regular saver accounts. This will give us an extra £75, and £60 interest (my wife is not a tax payer) over the course of the next twelve months, boosting the rate to an equivilant of 6.35%

Andrew4444

keoandsox wrote: »

last year we opened one of the halifax regular fixed rate savers accounts with a fixed rate of 10% to be paid on the anniversary, the account matured on june 28th 09, we followed the guidelines to the letter and deposited the same amount each month for 12 months on the same day, on maturity we did not get our 10% on the final balance, it worked out to about 4% in total!
was there something in the small print that we missed??

:mad::mad::mad::mad:

I don't think there was anything in the small print but you may have misunderstood the deal as other have said.


This link is very useful when working out monthly savings:

http://www.moneyforums.co.uk/savings_calculator.php


You can see that £500 a month equates to 5% gross but as tax is 20% you need to take a fith off of 5% to get net % growth, which is 1% leaving you with a net gain of 4% (as I think you said you received).

Sorry, but I don't think you were mislead but misunderstood how the deal worked.

Special_Saver2

Hi Everybody,

I have updated posts 4 and 5 to reflect that:

- Barclays Monthly Saver now paying 4.17% gross p.a. / 4.25% gross AER for new applicants from today
- HSBC Regular Saver now paying 8% gross p.a. for new applicants from today if you have a HSBC Premier, Plus, Graduate Plus or Passport account
- HSBC Regular Saver now paying 4% gross p.a. for new applicants from today if you have a Current Account Advance or Graduate Bank account

Thanks to the forum users who posted useful tip-offs on this thread in advance!

SS2

Dagobert

Has anyone tried to open the new Regular Bonus Saver in addition to their Regular Saver?

Babbler

Has the Barclays 6% one finished

EDIT - Just read the previous page - oh dear. Was going to open one today! Late as ever. I have barclays account so was easy to do it - just been too busy of late!

nicko33

tiptoe_mouse wrote: »

Also West Brom BS 6% if you've got a branch nearby.

opened one of these in a branch on Friday.
Quite a hard sell on insurance - so might be best to pretend you've got everything if they ask.

mary

Is this a Regular Saver because I don't seem to be able to find the link or is it branch only?

tiptoe_mouse

nicko33 wrote: »

opened one of these in a branch on Friday.
Quite a hard sell on insurance - so might be best to pretend you've got everything if they ask.

I opened one last week in my local branch. They made no attempt whatsoever to sell me anything else, whole process took less than 5 min and most of that was me filling out the applcation. So it must depend on the branch.

tiptoe

tiptoe_mouse

mary wrote: »

Is this a Regular Saver because I don't seem to be able to find the link or is it branch only?

If you mean the West Brom one - it's called Birthday Bonus and it is branch only.

HTH

tiptoe