Regular Savings Accounts: The Best Currently Available List!

wiseonesomeofthetime

Thumbs_Up said:

simonsmithsays 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. 

No offence but it'll have taken almost as long for you to write that than it took many of us to apply, fund and set up a standing order.

Multiple that by multiple regular savers (paying over 5.5%) and suddenly you have a sizeable amount of interest each year.

I don’t take offence, I have been ridiculed many times on here, it’s a public forum and people should be free to speak their minds despite this new-fangled world we live in.

To answer your point we all have our own unique circumstances, and we as individuals choose our own paths. The path I have chosen is to keep large sums of money in bonds and more pertinently ladder bonds! If you get excited earning 5.5% on £50, £100, £150, £300 paid in a month then that’s great, it works for you!

I have very large sums of money in bonds, one matures next month admittedly a puny 4.46% some are maturing early next year 4.91% and 500% and of course I have NS&I 6.03%  which will mature later in the year, all paying out monthly interest.

So in short their is no right and no wrong, it's what works for you.   

 

I want this one

(Though more likely missing a " . " 🤣 }

trickydicky14

subjecttocontract said:

Yes I'm a reg saver fan as well but you do have to keep an eye on things now. With easy access accounts above 5% it's really only a few top players that make it worth the effort.

Totally agree, you have to be on top of things. Over the past few months, I have culled lots of R.S now it’s nothing under 5.6% for old ones already set up and nothing under 6% for new ones.

Gers

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.

Bazzalona13295

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?

pookey

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? 

dealyboy

@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?

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.