Regular Savings Accounts: The Best Currently Available List!

soulsaver

pookey said:

trickydicky14 said:

I love regular savers as a side dish, this is a bit rough but just looking at my top 6 R.S which are Nationwide, YBS, Monmouth x2, Skipton and F.D. I would have a return of £1,129 from Santander and £1,408 if drip feeding into the above accounts. That gives me around £279 extra and that’s without any tricks like 13 payments and the like. I think that’s worth it to me. Add a couple of Current account switches during the year and you have around £500 for not much work.

Are account switch bonuses part of the PSA too? 

No.............

Rawrzy

Bazzalona13295 said:

Having a brain fade but assuming it WAS the RS account from Tipton and Coseley that I'm waiting for Postal ID reference for........anyone in a similar situation had theirs yet?

I got the letter containing the code pretty quickly after applying, was a few days tops. Was quite surprised.

Gers

dealyboy said:

@Gers said:

I too have culled all RSs paying under 5.75% as I'm already well over PSA for this tax year, almost £400 of which is from RSs. I've missed out on the NW RS as I closed down NW in August. It's mildly annoying but I have others to keep my spirits and bank account on the up. 

I've got an annoying SBS two year fixed rate account due to mature in October paying a miserable 0.90% which I waltzed into without thinking so I am content with my current savings regime.

... can't you open a new current account and regular saver?

I could - but won't!  I'm trying to rationlise my accounts.

Bazzalona13295

Rawrzy said:

Bazzalona13295 said:

Having a brain fade but assuming it WAS the RS account from Tipton and Coseley that I'm waiting for Postal ID reference for........anyone in a similar situation had theirs yet?

I got the letter containing the code pretty quickly after applying, was a few days tops. Was quite surprised.

Ah right, not had mine yet.
Had other stuff from around the same time so hopefully not far away.

PloughmansLunch

Bazzalona13295 said:

Rawrzy said:

Bazzalona13295 said:

Having a brain fade but assuming it WAS the RS account from Tipton and Coseley that I'm waiting for Postal ID reference for........anyone in a similar situation had theirs yet?

I got the letter containing the code pretty quickly after applying, was a few days tops. Was quite surprised.

Ah right, not had mine yet.
Had other stuff from around the same time so hopefully not far away.

I had my ‘thank you for opening…’ Tipton letter arrive a few days ago, along with the same type of letter dated 4th July(!) for the previous Tipton RS I’d opened months ago

adindas

Nick_C said:

@pearl123
I suggest you keep trying.  It will probably work eventually. 

It seems quite random. To It only take me a few minutes to open it and fund it straight away. It is more problematic with YBS, it has been yesterday, I still can not save into this newly open saving account.

tg99

Does Nationwide have a cut off for payments in to start receiving interest same day? Just funded £200 into the new Reg Sav and it has been credited with a date of 23 Sep.

adindas

Thumbs_Up said:

Nah, it’s not worth it. I only went with the Coventry first saver (1st addition) because it’s £1000 a month @ 5.60% with easy access. First direct because I wanted the easy switch money, currently putting in £300 a month but will most likely drop this down to £50 or whatever the bear minimum is. I mean at the end of the 12 month period what does 100 quid or whatever the sum is, what will it buy you. Having said that if you are a individual with 100 quid spare at the end of the month I can see it’s blessings. 

I haven’t gone with nationwide because I didn’t have a “burner account” also I would like to the keep the banks at arms distance and have them on my side. As aside it will be interesting to see if the banks play hardball with some forum members on here and we will have a stream of threads complaining bitterly about accounts being closed. 

Also this account will last for 36 month. By that time the inflation and subsequently the interest rate might already come down. By that time This account will triumph.

Middle_of_the_Road

Bazzalona13295 said:

Bridlington1 said:

Malchester said:

I really wonder whether these accounts are worth it. £200 a month into NW reg saver would give approx £96 interest over the year plus £62 interest for the rest held in Santander easy access saver = £158. Full amount in Santander easy access account for a year £124. Is it worth it for £30?

For me it is certainly worth it. It takes very little effort for me to open and fund the Nationwide regular saver and the account is a now valued addition to my collection. If you throw a few other regular savers at a high rate into the mix £30 here and £10 there in extra interest from regular savers soon adds up to a sizable chunk of money.

Plus it's a very nice little hobby I find (yes I am probably quite mad).

Glad someone else has a 'quite mad' interest in this sort of thing. Not just me then

Currently have 13 regular savers.
Makes sense to fund those above 5.2% rather than leave in Santander. Also have Santander edge saver at 7%

Nationwide 8%
Skipton 7.5%
First Direct 7%
YBS 7%
NATWEST 6.17%
RBS 6.17%
YBS 5.75%
Nationwide 5.5%
Halifax 5.5%
Coventry 5.5%
YBS 5.25% Not funding anymore
Lloyds 5.25% Club Lloyds 2 payments left
Coventry FHS2 5.05% Not decided what to do with this
Lloyds 4.25% Renewed after 10 payments, made £49.87 interest

Middle_of_the_Road

adindas said:

Thumbs_Up said:

Nah, it’s not worth it. I only went with the Coventry first saver (1st addition) because it’s £1000 a month @ 5.60% with easy access. First direct because I wanted the easy switch money, currently putting in £300 a month but will most likely drop this down to £50 or whatever the bear minimum is. I mean at the end of the 12 month period what does 100 quid or whatever the sum is, what will it buy you. Having said that if you are a individual with 100 quid spare at the end of the month I can see it’s blessings. 

I haven’t gone with nationwide because I didn’t have a “burner account” also I would like to the keep the banks at arms distance and have them on my side. As aside it will be interesting to see if the banks play hardball with some forum members on here and we will have a stream of threads complaining bitterly about accounts being closed. 

Also this account will last for 36 month. By that time the inflation and subsequently the interest rate might already come down. By that time This account will triumph.

Is this a fixed rate account, as issue 2 is a variable rate account?