Regular Savings Accounts: The Best Currently Available List!

knights

mary wrote: »

If you check, this account is already highlighted here in this thread
http://forums.moneysavingexpert.com/showpost.html?p=6932833&postcount=5
It's under Section 5 of the main page Accounts which mature after 12 months and require another account.

Yes Mary I told him this on his other post, he insisted it was not.

Thanks for reinforcing my point.

sloughflint

knights wrote: »

Yes Mary I told him this on his other post, he insisted it was not.

Thanks for reinforcing my point.

Really?
And what's the big deal anyway?

mary

The point is that whereas the First Direct account is a good rate, it's not new news, it's old news and is already available on this excellent thread. If only people would bother to read through posts in the first place, before posting the same again, we would have far less repeated items.

How many times have you come across a thread starting "I have £1k, or £5k or £50K or £100K to spare for 6 months, 1 year, 5 years etc. what should I do." People to a degree want to be spoon fed and are too lazy to do their own research.

Special_Saver2

Thanks to Cosworth806, ViksB and YorkshireBoy for the extra information posted above. I have included a brief entry for the Scarborough BS City Saver in post 4 now.

Apologies in advance if I am a little slow to update this thread this month - I will be travelling a lot, in fact I am typing this in an internet cafe right now.

Please do keep posting your useful information here (including links to other threads) and I will incorporate them into the first few posts of this thread as soon as I can.

Sunnysider

Blimey - apologies to all!

Flippin eck didn't want to start a row. Was sorting out some banking last night was saw the first direct rate and had a look on here to see if it had been posted. I was in savings forum couldn't see anything so performed a search. Unfortunately "First" and "Direct" are not the two most unusual terms and therefore generated a lot of results but having looked though a couple of pages of results did not see this.

Therefore I started a thread in savings. I had no intention of posting on this thread, didn't even know it was here as had already perfomed a search for said deal. It was only whe it was then pointed out that regular savings deals should not be posted in savings, dispite many people talking about them, and I was directed to put comments on this thread that I copied my post over.

Sorry for not searching further at 11:45pm i foolishly thought perhaps I could help someone.

For info I did spend time searching and not just post. But if people want threads kept tidy perhaps they should stop writing their own spam....

...and don't remember "insisting" anything. Grow up please.

Meltdown_2

Apologies in advance - this seems a bit off-topic for this thread, but it follows on from the previous discussion.

As a relative newcomer to the forum I have felt that the Savings & Investment, ISAs etc, and Budgeting & Current Accounts forums are in a bit of a mess (or at least, are confusing). Threads are often posted on the wrong forums (before sometimes being moved) or posted on more than one. The sheer number of posts might indicate that more sub-forums would be useful - so that previous related threads show up in the first half-dozen pages. Personally, I find it odd that Savings and Investment are co-located, since they seem to be very different animals (security v. risk).

I would also say that the main information content of this particular thread should perhaps really be an 'article', and not just a 'sticky'.

I did look/search but couldn't find any reference to this type of issue being discussed.
(No doubt I am using the wrong keywords in my searches).
Can anybody direct me? Please?

RayWolfe

Meltdown wrote: »

Personally, I find it odd that Savings and Investment are co-located, since they seem to be very different animals (security v. risk).

True but experience here would indicate that vast numbers of people do not understand the difference and would post in the wrong place if they were split.
Many others here agree with your general thrust but we do not control how these forums are set up, what is put as a sticky and what is more useful as an article ... all a product of this places popularity, I guess.

ukcia-shug

Sunnysider wrote: »

To me though it seems as if for the next year the first £300 of my savings should go here each month as net rate is comparable to HiSave Gross (who I also use) and NR Bond where I've just put a load of money? If I were not a higher rate tax payer this could possibly beat ISA rates for those who pay in bit by bit each month... (but not if you wanted to keep it invested beyond the year)

Why would you put £300 in every month? The first few, yes, but sooner or later you would be better off finding another home for £275 of that, wouldn't you?

I ask because I have just opened one of these and was wondering just when I would be best to reduce the amount I was paying in.

knights

ukcia-shug wrote: »

I ask because I have just opened one of these and was wondering just when I would be best to reduce the amount I was paying in.

Hi, forgive me if I have mis-understood your post but if you have somewhere better to put your monthly contribution then why open the regular saver?

As far as, ''when would be best to reduce the amount etc''. You can pay in between £25 and £300 per month in £5 increments to suit yourself as far as I am aware. So very flexible.

regards

knights

Had a letter from Lloyds this morning saying that they are changing the T&C's in that the matured Monthly saver will now change to their new 'Easy Saver' rather than the 'Guaranteed Tracker' on maturity.

They also advise they are extending my Monthly Saver to 1st May 2008. It was due to mature 22nd March 2008. My last payment therefore 22nd February 2008.

They also say 'and your standing order will still be paid on the same day'.

I rang them about this just to clarify, took ages before I could find anyone who knew about the change!

Anyway bottom line for me is an extra 2 months regular payments albeit the last one on the 22nd April will only be in the account 8 days before it is transfered.

PS their new Easy Saver 1.5% below BoE base, therefore currently 3.75% so won't be leaving it in there long !!!!!!!

Anyone else had this? I had to add an extra 2 payments onto my standing order as had it set up to complete on 22nd February.

regards