Regular Savings Accounts: The Best Currently Available List!

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?

SJMALBA

Middle_of_the_Road said:

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?

No, it's variable too, and has risen 4 times this year.

adindas

Wheres_My_Cashback said:

allegro120 said:

adindas said:

What method other people use to get the second Nationwide Flex RS 8%?

I tried it today this is what I get ...

You are only allowed one of these. If one manages to open two they will close one of them.

If they've tightened up their checks that is?

I remember not too far back of having 5 Flex direct current accounts paying 5%? for a year when only 1 was permitted. It was quite common amongst MSE readers to have a few ;-)
It only took them 10 months to notice before notifying of closure of 4 so I was quite happy with my extra 40 months of interest.

HSBC, First Direct, precise ...

TSB still ...

gwapenut

@Bridlington1 I notice you have Stafford Railway at 5.15% in your list, but I thought it was only 4.9%. I can't see anything else mentioned either on the front page of this thread or on SRBS's website?

Bridlington1

gwapenut said:

@Bridlington1 I notice you have Stafford Railway at 5.15% in your list, but I thought it was only 4.9%. I can't see anything else mentioned either on the front page of this thread or on SRBS's website?

SRBS currently only pays 4.9% but it was reported on this forum a few weeks ago that it will rise to 5.15% from 1/10/23, I can't remember off the top of my head who first mentioned it but if my memory serves me well they were told of the upcoming increase over the phone. Therefore my October provisional list shows the upcoming 5.15% rate.