Regular Savings Accounts: The Best Currently Available List!

allegro120

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.

The same here. Only two payments are left to go and 5.5% is a good rate for what will effectively become an easy access account tomorrow.  If any bank offers 5.5% for EA in October or November then I will close this account. The same goes for BoS, Halifax and Lloyds RS.

t1redmonkey

friolento said:

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.

This is how I thought it worked before I asked (and I think it probably is how it will work).  Think I'll leave £10 in there anyway for the remaining 6 weeks or so just to be sure.

Rich2808

Bazzalona13295 said:

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.

Perhaps the Monmouth Waitrose branch only stocks them from 1 October?

https://www.waitrose.com/bf_home/bf/217.html

wmb194

t1redmonkey said:

friolento said:

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.

This is how I thought it worked before I asked (and I think it probably is how it will work).  Think I'll leave £10 in there anyway for the remaining 6 weeks or so just to be sure.

This morning I closed my Monmouthshire Christmas Saver via the 'close account' option in internet banking and this afternoon I received the balance plus the interest at the full rate.

t1redmonkey

wmb194 said:

t1redmonkey said:

friolento said:

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.

This is how I thought it worked before I asked (and I think it probably is how it will work).  Think I'll leave £10 in there anyway for the remaining 6 weeks or so just to be sure.

This morning I closed my Monmouthshire Christmas Saver via the 'close account' option in internet banking and this afternoon I received the balance plus the interest at the full rate.

Good to know, thanks

Fingerbobs

Suffolk (formerly Ipswich) Building Society Smart Save Monthly (2) - Can anyone confirm that this account allows TWO withdrawals per year without losing the interest bonus? This is the info I have recorded in my spreadsheet, but unusually for me I have mislaid the original documentation for the account so I can't check, and their current offerings only seem to allow one withdrawal, so I'm questioning the validity of my notes! 

[ If I'm allowed a second withdrawal, I'll suck all the money out of it, but if I'd lose the bonus by doing so I'll leave the current balance and drop the contributions down to the minimum £10 per month. ]

Thanks in advance. 

Frogletina

I sent payments to two of my regular saver accounts with YBS yesterday and they have just arrived back into the account they were sent from.

Not impressed. Cannot log onto my account other than via the app - the app doesn't show them arriving or being returned

SFindlay

Frogletina said:

I sent payments to two of my regular saver accounts with YBS yesterday and they have just arrived back into the account they were sent from.

Not impressed. Cannot log onto my account other than via the app - the app doesn't show them arriving or being returned

Not impressed with what?? Have you spoken with your bank to find out a reason? 

nomorekids

Fingerbobs said:

Suffolk (formerly Ipswich) Building Society Smart Save Monthly (2) - Can anyone confirm that this account allows TWO withdrawals per year without losing the interest bonus? This is the info I have recorded in my spreadsheet, but unusually for me I have mislaid the original documentation for the account so I can't check, and their current offerings only seem to allow one withdrawal, so I'm questioning the validity of my notes! 

[ If I'm allowed a second withdrawal, I'll suck all the money out of it, but if I'd lose the bonus by doing so I'll leave the current balance and drop the contributions down to the minimum £10 per month. ]

Thanks in advance. 

I have done exactly this and can confirm I ve taken one withdrawal and now top up with a nominal amount. I will sweep out the rest using the second withdrawal in December which is my renewal month

Frogletina

SFindlay said:

Frogletina said:

I sent payments to two of my regular saver accounts with YBS yesterday and they have just arrived back into the account they were sent from.

Not impressed. Cannot log onto my account other than via the app - the app doesn't show them arriving or being returned

Not impressed with what?? Have you spoken with your bank to find out a reason? 

I'm not impressed that not been able to get online today and the phonelines are busy. 

One of my payments is a new standing order but the other one is the final payment of 12 which have all gone through ok until now.