Regular Savings Accounts: The Best Currently Available List!

Special_Saver2

Hi Folks,

I just completed an update for the first page of this thread. Here are the items that I have updated.

- BeehiveMoney UK Savings Week Regular Saver no longer available and removed from page 1

- Nottingham BS UK Savings Week Regular Saver no longer available and removed from page 1

- Tipton and Coseley BS Fixed Rate Regular Saver until 31.10.24 entry moved to the correct section on page 1

- TSB Monthly Savings Account interest rate updated to 6% for new accounts

- Mansfield BS Kick Start Regular Savings (Issue 7) is already in post 4 on page 1

I will do the next update in just over 2 weeks' time.

SS2

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For those new to this thread, the first few posts are regularly updated and are on the first page
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

Growingold

How strict do you think Mansfield are with their criteria for opening - Mansfield BS Kick Start Regular Savings (Issue 7).  I don't live in the local area and have been with them for less than their stipulated 12 months but I received an email from them about the product.  Is it worth a try to open?

subjecttocontract

Well if you get an account I will want one as well. I'm not to far away.....I'm only in Essex and can complain about fairness as well as anyone else.

What makes you think that you should get an account and the rest of us shouldn't ?

I can't understand people who want to bend the rules......perhaps you can explain your reasoning ?

Foxhouse

I'm a Member of the Meaningful Money Community Facebook group. 

It's amazing to me that folk on there, who you'd think would be more clued up than your average person, effectively arguing that regular savers aren't worth it because you "only get half the advertised rate" or words to that effect.

Latest one is someone from Santander 5.2% wanting to drip feed a Nationwide 8%, and he's being told not to bother as the 'real' rate of interest is only 4.1ish%, as opposed to the 5.2% he'd get in Santander.

Amazing logic fails.

flaneurs_lobster

Foxhouse said:

I'm a Member of the Meaningful Money Community Facebook group. 

It's amazing to me that folk on there, who you'd think would be more clued up than your average person, effectively arguing that regular savers aren't worth it because you "only get half the advertised rate" or words to that effect.

Latest one is someone from Santander 5.2% wanting to drip feed a Nationwide 8%, and he's being told not to bother as the 'real' rate of interest is only 4.1ish%, as opposed to the 5.2% he'd get in Santander.

Amazing logic fails.

Since that Facebook group is run for and by a Chartered Financial Planner I'd hope that he would correct their flawed logic. 

allegro120

Growingold said:

How strict do you think Mansfield are with their criteria for opening - Mansfield BS Kick Start Regular Savings (Issue 7).  I don't live in the local area and have been with them for less than their stipulated 12 months but I received an email from them about the product.  Is it worth a try to open?

Probably not. You are not qualified, so you are most likely to waste money on postage. Instead you can wait for your anniversary and apply then. It is possible that this product will be offered for some time because the rate is not at top of the table and the account is not opened to all.

I'm about 20 miles away from the branch, but can't be bothered.  I'm avoiding opening accounts that I can't operate online or on app and for me £250 at 6.1% RS is not worth trips to Mansfield or sending letters.

subjecttocontract

Where is Mansfield ? I've never heard of it. I better look on my map.......oh, I found it......it's in Easy Ayrshire, near Kilmarnock, Scotland. No, Essex is to far away.

Rich2808

subjecttocontract said:

Where is Mansfield ? I've never heard of it. I better look on my map.......oh, I found it......it's in Easy Ayrshire, near Kilmarnock, Scotland. No, Essex is to far away.

Mansfield - the HQ of Mansfield BS - is a large town of over 100,000 people about 15 miles north of Nottingham. Mansfield, East Ayrshire is a tiny village in south Scotland - and is 250 miles from Mansfield BS Mansfield.

I wouldn't be going to either just to open a building society regular saver unless I lived very locally - not that you would find any bank/BS branches or much at all in Mansfield Ayrshire!

subjecttocontract

Yes that's to far from my part of Essex. Never, ever heard of Mansfield BSoc, they must be quite small. I've been to Nottingham before but didn't see a Mansfield BSoc when I was there. 

Growingold

subjecttocontract said:

Well if you get an account I will want one as well. I'm not to far away.....I'm only in Essex and can complain about fairness as well as anyone else.

What makes you think that you should get an account and the rest of us shouldn't ?

I can't understand people who want to bend the rules......perhaps you can explain your reasoning ?

I'm not trying to bend the rules.  I just wonder why I was sent the email if it didn't apply to me.  They know where I live and how long I've been a member.  I just asked how strict they were with their criteria because of this.