Regular Savings Accounts: The Best Currently Available List!

Bridlington1

Just a reminder for those who have it that Monmouthshire BS's Christmas Saver Bond Issue 5 (NLA) paying 5.5% fixed will allow penalty free withdrawals/early closure from tomorrow (Sunday 1/10/23). The account matures on the 1 year anniversary of opening.

Also a couple of regular savers increase their rates tomorrow:
Leek BS Regular Saver Account Issue 3 will rise from 5% to 5.25%
SRBS regular saver will rise from 4.9% to 5.15%

trickydicky14

Bridlington1 said:

Just a reminder for those who have it that Monmouthshire BS's Christmas Saver Bond Issue 5 (NLA) paying 5.5% fixed will allow penalty free withdrawals/early closure from tomorrow (Sunday 1/10/23). The account matures on the 1 year anniversary of opening.

Also a couple of regular savers increase their rates tomorrow:
Leek BS Regular Saver Account Issue 3 will rise from 5% to 5.25%
SRBS regular saver will rise from 4.9% to 5.15%

Thanks for the heads up on MBS Christmas RS. How has this come about? I thought it was a total NO NO to close or take cash out. I have it written down that all interest would be lost if you did. Not complaining mind, you.

Bridlington1

trickydicky14 said:

Bridlington1 said:

Just a reminder for those who have it that Monmouthshire BS's Christmas Saver Bond Issue 5 (NLA) paying 5.5% fixed will allow penalty free withdrawals/early closure from tomorrow (Sunday 1/10/23). The account matures on the 1 year anniversary of opening.

Also a couple of regular savers increase their rates tomorrow:
Leek BS Regular Saver Account Issue 3 will rise from 5% to 5.25%
SRBS regular saver will rise from 4.9% to 5.15%

Thanks for the heads up on MBS Christmas RS. How has this come about? I thought it was a total NO NO to close or take cash out. I have it written down that all interest would be lost if you did. Not complaining mind, you.

From their terms:
https://web.archive.org/web/20221203093556/https://www.monbs.com/products/christmas-saver-bond-issue-5/




Personally 5.5% is still a high enough for me to warrant fully funding so I'll be leaving it as it is for now and as things stand if EA rates remain below 5.5% this will probably be the first fixed rate regular saver I have that has survived fully funded until the end of its term since the base rate started rising.

trickydicky14

Bridlington1 said:

trickydicky14 said:

Bridlington1 said:

Just a reminder for those who have it that Monmouthshire BS's Christmas Saver Bond Issue 5 (NLA) paying 5.5% fixed will allow penalty free withdrawals/early closure from tomorrow (Sunday 1/10/23). The account matures on the 1 year anniversary of opening.

Also a couple of regular savers increase their rates tomorrow:
Leek BS Regular Saver Account Issue 3 will rise from 5% to 5.25%
SRBS regular saver will rise from 4.9% to 5.15%

Thanks for the heads up on MBS Christmas RS. How has this come about? I thought it was a total NO NO to close or take cash out. I have it written down that all interest would be lost if you did. Not complaining mind, you.

From their terms:
https://web.archive.org/web/20221203093556/https://www.monbs.com/products/christmas-saver-bond-issue-5/




Personally 5.5% is still a high enough for me to warrant fully funding so I'll be leaving it as it is for now and as things stand if EA rates remain below 5.5% this will probably be the first fixed rate regular saver I have that has survived fully funded until the end of its term since the base rate started rising.

Thanks for that, I may well do the same but its good to know its available if needed.

flaneurs_lobster

trickydicky14 said:

Bridlington1 said:

trickydicky14 said:

Bridlington1 said:

Just a reminder for those who have it that Monmouthshire BS's Christmas Saver Bond Issue 5 (NLA) paying 5.5% fixed will allow penalty free withdrawals/early closure from tomorrow (Sunday 1/10/23). The account matures on the 1 year anniversary of opening.

Also a couple of regular savers increase their rates tomorrow:
Leek BS Regular Saver Account Issue 3 will rise from 5% to 5.25%
SRBS regular saver will rise from 4.9% to 5.15%

Thanks for the heads up on MBS Christmas RS. How has this come about? I thought it was a total NO NO to close or take cash out. I have it written down that all interest would be lost if you did. Not complaining mind, you.

From their terms:
https://web.archive.org/web/20221203093556/https://www.monbs.com/products/christmas-saver-bond-issue-5/




Personally 5.5% is still a high enough for me to warrant fully funding so I'll be leaving it as it is for now and as things stand if EA rates remain below 5.5% this will probably be the first fixed rate regular saver I have that has survived fully funded until the end of its term since the base rate started rising.

Thanks for that, I may well do the same but its good to know its available if needed.

It's a Christmas Saver, funds have to be available from 1 October since this is when Xmas puddings arrive in Waitrose.

Bazzalona13295

flaneurs_lobster said:

trickydicky14 said:

Bridlington1 said:

trickydicky14 said:

Bridlington1 said:

Just a reminder for those who have it that Monmouthshire BS's Christmas Saver Bond Issue 5 (NLA) paying 5.5% fixed will allow penalty free withdrawals/early closure from tomorrow (Sunday 1/10/23). The account matures on the 1 year anniversary of opening.

Also a couple of regular savers increase their rates tomorrow:
Leek BS Regular Saver Account Issue 3 will rise from 5% to 5.25%
SRBS regular saver will rise from 4.9% to 5.15%

Thanks for the heads up on MBS Christmas RS. How has this come about? I thought it was a total NO NO to close or take cash out. I have it written down that all interest would be lost if you did. Not complaining mind, you.

From their terms:
https://web.archive.org/web/20221203093556/https://www.monbs.com/products/christmas-saver-bond-issue-5/




Personally 5.5% is still a high enough for me to warrant fully funding so I'll be leaving it as it is for now and as things stand if EA rates remain below 5.5% this will probably be the first fixed rate regular saver I have that has survived fully funded until the end of its term since the base rate started rising.

Thanks for that, I may well do the same but its good to know its available if needed.

It's a Christmas Saver, funds have to be available from 1 October since this is when Xmas puddings arrive in Waitrose.

I work in a garden centre and the first Christmas products were put on display before the August Bank Holiday.

trickydicky14

flaneurs_lobster said:

trickydicky14 said:

Bridlington1 said:

trickydicky14 said:

Bridlington1 said:

Just a reminder for those who have it that Monmouthshire BS's Christmas Saver Bond Issue 5 (NLA) paying 5.5% fixed will allow penalty free withdrawals/early closure from tomorrow (Sunday 1/10/23). The account matures on the 1 year anniversary of opening.

Also a couple of regular savers increase their rates tomorrow:
Leek BS Regular Saver Account Issue 3 will rise from 5% to 5.25%
SRBS regular saver will rise from 4.9% to 5.15%

Thanks for the heads up on MBS Christmas RS. How has this come about? I thought it was a total NO NO to close or take cash out. I have it written down that all interest would be lost if you did. Not complaining mind, you.

From their terms:
https://web.archive.org/web/20221203093556/https://www.monbs.com/products/christmas-saver-bond-issue-5/




Personally 5.5% is still a high enough for me to warrant fully funding so I'll be leaving it as it is for now and as things stand if EA rates remain below 5.5% this will probably be the first fixed rate regular saver I have that has survived fully funded until the end of its term since the base rate started rising.

Thanks for that, I may well do the same but its good to know its available if needed.

It's a Christmas Saver, funds have to be available from 1 October since this is when Xmas puddings arrive in Waitrose.

I've still got two puddings from last year. Got them from Tesco's when they got reduced, very MSE don't you think.

t1redmonkey

Bridlington1 said:

Just a reminder for those who have it that Monmouthshire BS's Christmas Saver Bond Issue 5 (NLA) paying 5.5% fixed will allow penalty free withdrawals/early closure from tomorrow (Sunday 1/10/23). The account matures on the 1 year anniversary of opening.

Also a couple of regular savers increase their rates tomorrow:
Leek BS Regular Saver Account Issue 3 will rise from 5% to 5.25%
SRBS regular saver will rise from 4.9% to 5.15%

I had that on my radar for closing.  I did phone them last week and was told the following (I feel like this is wrong but didn't want to press the person I spoke to too much since I just don't feel like she had access to the right info):

You have to leave £10 in the account to ensure the interest will be added to the account on the 12 month anniversary.  If it's closed in full between the 1st Oct and the 12 month anniversary you may not get the interest.

Now like I said I think this is probably wrong, since that's not what the product documentation says.  However I may wait til Monday and phone them again and hopefully get information from someone else who definitely knows how it works!  Would be good if anyone else has phoned/spoke to them about it recently as well since I'm sure what I told wasn't correct.

Kim_13

t1redmonkey said:

Bridlington1 said:

Just a reminder for those who have it that Monmouthshire BS's Christmas Saver Bond Issue 5 (NLA) paying 5.5% fixed will allow penalty free withdrawals/early closure from tomorrow (Sunday 1/10/23). The account matures on the 1 year anniversary of opening.

Also a couple of regular savers increase their rates tomorrow:
Leek BS Regular Saver Account Issue 3 will rise from 5% to 5.25%
SRBS regular saver will rise from 4.9% to 5.15%

I had that on my radar for closing.  I did phone them last week and was told the following (I feel like this is wrong but didn't want to press the person I spoke to too much since I just don't feel like she had access to the right info):

You have to leave £10 in the account to ensure the interest will be added to the account on the 12 month anniversary.  If it's closed in full between the 1st Oct and the 12 month anniversary you may not get the interest.

Now like I said I think this is probably wrong, since that's not what the product documentation says.  However I may wait til Monday and phone them again and hopefully get information from someone else who definitely knows how it works!  Would be good if anyone else has phoned/spoke to them about it recently as well since I'm sure what I told wasn't correct.

I was planning on leaving £10 in anyway in case there is an attractive renewal option made available, or the next Loyalty RS requires an account to have been open for more than a year as is common among their competitors. The Christmas Saver was my first Mon BS account.

I think I’ll remove the balance less £10 on Monday and put it in HEBS before the Branch Saver (NLA) closes to new deposits. It may be 5.5% before year end.

friolento

t1redmonkey said:

Bridlington1 said:

Just a reminder for those who have it that Monmouthshire BS's Christmas Saver Bond Issue 5 (NLA) paying 5.5% fixed will allow penalty free withdrawals/early closure from tomorrow (Sunday 1/10/23). The account matures on the 1 year anniversary of opening.

Also a couple of regular savers increase their rates tomorrow:
Leek BS Regular Saver Account Issue 3 will rise from 5% to 5.25%
SRBS regular saver will rise from 4.9% to 5.15%

I had that on my radar for closing.  I did phone them last week and was told the following (I feel like this is wrong but didn't want to press the person I spoke to too much since I just don't feel like she had access to the right info):

You have to leave £10 in the account to ensure the interest will be added to the account on the 12 month anniversary.  If it's closed in full between the 1st Oct and the 12 month anniversary you may not get the interest.

Now like I said I think this is probably wrong, since that's not what the product documentation says.  However I may wait til Monday and phone them again and hopefully get information from someone else who definitely knows how it works!  Would be good if anyone else has phoned/spoke to them about it recently as well since I'm sure what I told wasn't correct.

This sounds like 100% misinformation, or misunderstanding, to me. From the 1st of October onwards, you will not incur any interest penalty when making withdrawals, or if you close the account. 

If you close the account then, you will get your balance plus all the interest accrued up to the withdrawal date.

If you leave some money in the account, or if you elave it with a zero balance (if that is possible), you will get your withdrawal amount without any interest. Your entire accrued interest will then be paid on maturity.