Regular Savings Accounts: The Best Currently Available List!

Special_Saver2

Hi Everybody,

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

- West Brom BS Fixed Rate Regular Saver (Issue 7) added to page 1 paying 6% fixed on up to £250 per month for 12 months, no withdrawals, can only be opened in branch

- West Brom Children's Fixed Rate Regular Saver (Issue 6) no longer available and removed from page 1

- Yorkshire BS Loyalty Regular Saver 2023 entry corrected to show the maximum monthly deposit is £500

- Nationwide BS Flex Regular Saver (Issue 2) entry corrected to show the maximum monthly deposit is £200

I will do the next update within the next week.

SS2

---

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

t1redmonkey

@Special_Saver2

The 6% Beehive and Nottingham BS regular savers also need removing as they went NLA about a week ago.

You also have the Tipton & Coseley RS in a children only section.

qbadger

Mansfield BS, Kick Start Regular Savings (7th Issue),
6.1%, £250, by post or in branch.

friolento

qbadger said:

Mansfield BS, Kick Start Regular Savings (7th Issue),
6.1%, £250, by post or in branch.

Exclusively available to savers aged 16 or over in Nottinghamshire, Derbyshire or South Yorkshire or existing members who have a minimum of 1 years continuous membership.

https://www.mansfieldbs.co.uk/savings/kick-start-regular-savings-7th-issue/

pecunianonolet

Monmouthshire BS makes my blood boil. Sent a secure message on 2nd October in the morning, followed up on the 5th in the evening. No response so far at all so I am really wondering how incompetent they are. Got both of the reg savers, asked them about pay in cut off times and about a potential date correction. No response whatsoever, so really out of my probably 60 accounts with many providers overall the worst ones I have came across. The OH still has no login info to the online portal or any nominated account confirmed. These accounts were opened in August. 

Will call them tomorrow and if they not budge with any decent compensation they can close all accounts straight away. Not willing to put up with them anymore, and even if they would launch a 15% reg saver I wouldn't ever touch them again.Really surprised how such an incompetent bank/BS can sustain on the market. I think I would trust an almost collapsing Metro Bank more than these clowns at the moment.

Rant over!

r6mile

pecunianonolet said:

Monmouthshire BS makes my blood boil. Sent a secure message on 2nd October in the morning, followed up on the 5th in the evening. No response so far at all so I am really wondering how incompetent they are. Got both of the reg savers, asked them about pay in cut off times and about a potential date correction. No response whatsoever, so really out of my probably 60 accounts with many providers overall the worst ones I have came across. The OH still has no login info to the online portal or any nominated account confirmed. These accounts were opened in August. 

Will call them tomorrow and if they not budge with any decent compensation they can close all accounts straight away. Not willing to put up with them anymore, and even if they would launch a 15% reg saver I wouldn't ever touch them again.Really surprised how such an incompetent bank/BS can sustain on the market. I think I would trust an almost collapsing Metro Bank more than these clowns at the moment.

Rant over!

I finally managed to get my nominated account confirmed today - after posting them my bank statement last week (paying for my own stamp, as they didn’t include a prepaid envelope). First thing I did is close my two accounts and get the funds returned. Not worth it!!! What a shambolic provider.

In my case - as I am subject to high income child benefit charge for 3 kids, and so have to pay back 29p for every £1 of interest within my PSA - the difference between fully funding the 8% Exclusive Saver every month and just putting the same amount in my Skipton 4.70% ISA is a grand total of £19 per year. 

Bridlington1

pecunianonolet said:

Sent a secure message on 2nd October in the morning, followed up on the 5th in the evening. No response so far at all so I am really wondering how incompetent they are. Got both of the reg savers, asked them about pay in cut off times and about a potential date correction. No response whatsoever, so really out of my probably 60 accounts with many providers overall the worst ones I have came across.

On this point I've found it takes them quite a while to reply to secure messages but for some reason you'll usually get a much quicker response if you message them over facebook (within one working day each time I've messaged them but on one occasion within an hour) so for non-account specific enquiries such as questions about their cut off times you'd probably be better off sending them a message over facebook.

pecunianonolet

Bridlington1 said:

pecunianonolet said:

Sent a secure message on 2nd October in the morning, followed up on the 5th in the evening. No response so far at all so I am really wondering how incompetent they are. Got both of the reg savers, asked them about pay in cut off times and about a potential date correction. No response whatsoever, so really out of my probably 60 accounts with many providers overall the worst ones I have came across.

On this point I've found it takes them quite a while to reply to secure messages but for some reason you'll usually get a much quicker response if you message them over facebook (within one working day each time I've messaged them but on one occasion within an hour) so for non-account specific enquiries such as questions about their cut off times you'd probably be better off sending them a message over facebook.

Thanks but I don't use facebook. I signed out of all (un)social media a while back and it's the best decision I made in a long time. I sent them a message before to ask if I really have to post a statement and if a copy is enough or if they insist on it being certified and my nominated account was verified electronically and got a response the next day. 

WillPS

I'm super happy with Monmouthshire FWIW, looking forward to saving more with them in the future.

Kazza242

TSB has launched a new Monthly Saver, paying 6.00% (AER/fixed)

• This is a 12 month bond
• Pay in £25 - £250 per calendar month
• Maximum investment is £3,000
• The account is available to new and existing TSB current account holders only
• The account can be opened online or in branch
• Manage the account online, branch, mobile app or via telephone 
• Unlimited penalty-free withdrawals permitted

(The new rate will not apply to existing accounts).

Further details, here.