Regular Savings Accounts: The Best Currently Available List!

friolento

t1redmonkey said:

Just wondering does anyone know if we can open a new 7% First Direct RS when our current ones mature (assuming it is still available by then of course)?  Guessing we can but I don't know for sure.

Yes you can apply for whatever they offer at the time. Though you might have to wait a few days after your existing account has matured before the FD system will allow you to open a new one. I am on my thirteenth now....

allegro120

francoghezzi said:

t1redmonkey said:

Just wondering does anyone know if we can open a new 7% First Direct RS when our current ones mature (assuming it is still available by then of course)?  Guessing we can but I don't know for sure.

You can, the same day the old one has matured

It takes a couple days, at least in my experience. Funds arrive to other savings account next day after maturity and then you have to set up SO for new RS, which takes another working day to pay out.  From memory, last time it took longer because of the weekend and 1st May bank holiday.

thefrank

allegro120 said:

francoghezzi said:

t1redmonkey said:

Just wondering does anyone know if we can open a new 7% First Direct RS when our current ones mature (assuming it is still available by then of course)?  Guessing we can but I don't know for sure.

You can, the same day the old one has matured

It takes a couple days, at least in my experience. Funds arrive to other savings account next day after maturity and then you have to set up SO for new RS, which takes another working day to pay out.  From memory, last time it took longer because of the weekend and 1st May bank holiday.

Last year I applied the same day my old one had matured and the account was opened 2 days after. Application is accepted the same day the old one is matured thou. Obviously you must then wait for them to finish the process

subjecttocontract

I got my FD reg saver maturity letter today. It says it can take up to 5 working days from the maturity date for closure to complete.

geordiejon

subjecttocontract said:

I got my FD reg saver maturity letter today. It says it can take up to 5 working days from the maturity date for closure to complete.

hi, it will take less time if you have a savings account with them, mine matured last week and i got the money within one day which shocked me as it was a sunday.

subjecttocontract

Why they can't just transfer the balance into the current account I don't know !
They can make it as difficult, awkward and lengthy as they like but I'm still not leaving the money in FD.

subjecttocontract

Just heard about a new Principality reg saver.....Maturity Winter Regular Saver Bond available to those with a maturing regular saver. £125 pcm max @ 6.25%

Kim_13

subjecttocontract said:

Just heard about a new Principality reg saver.....Maturity Winter Regular Saver Bond available to those with a maturing regular saver. £125 pcm max @ 6.25%

Closed mine (Christmas Regular Saver) in order to put the funds in the 5.9% NatWest ISA in the Summer. Would have left the min balance in had it been allowed, but it was access by closure only.

Time will tell if there is any kind of offering to new customers (I believe it was mid-November last year.)

trickydicky14

Kim_13 said:

subjecttocontract said:

Just heard about a new Principality reg saver.....Maturity Winter Regular Saver Bond available to those with a maturing regular saver. £125 pcm max @ 6.25%

Closed mine (Christmas Regular Saver) in order to put the funds in the 5.9% NatWest ISA in the Summer. Would have left the min balance in had it been allowed, but it was access by closure only.

Time will tell if there is any kind of offering to new customers (I believe it was mid-November last year.)

Same, closed mine two months ago to fund a fixed term account.

Kazza242

According to Moneyfacts, Cambridge Building Society will be launching issue 3 of their Reward Regular Saver, which will pay 5.00% w.e.f. 24/10/2023. 

This will replace issue 2, which pays 4.00%.

The account is available to existing members (who have held a mortgage or savings account with Cambridge BS for at least 12 months).

What's interesting about this, is that The Cambridge are offering members (of 3 years or more) with a maturing 'Extra Reward Regular Saver' the chance to open a new ERRS, which also pays 5.00%. 

I'm wondering if they will now launch a new issue of the ERRS at a better rate than 5.00% to properly reward long-term members.  My ERRS account is about to mature and be rolled over, so I'll ask them.