Regular Savings Accounts: The Best Currently Available List!

dekkard

I have a YBS Christmas 23 Regular Saver which matures in 10 days but the interest has been added to the account today. Shouldn't it be added at maturity?

Wheres_My_Cashback

dekkard said:

I have a YBS Christmas 23 Regular Saver which matures in 10 days but the interest has been added to the account today. Shouldn't it be added at maturity?

Pretty standard for YBS to show the interest early, but don't touch it until they've moved it otherwise you may end up with problems as others have previously experienced.

someone

Principality BS First Home Steps account

Account to become single tiered on 26th October and paying 5.25%. This account has monthly limit of £1,500

     Good news about your First Home Steps account

We're pleased to share some good news about changes we are making to your First Home Steps account.

Currently, the interest rate you earn on your savings is tiered. This means there are different interest rates dependent on the amount of money in the account, with higher balances earning a higher rate of interest.

Single rate of interest whatever your balance

From 26 October 2023, you will earn a single rate of interest (5.25% Gross* each year/AER† Variable), regardless of the amount of savings you have in your account, helping you reach your goal of home ownership sooner!

This change will happen automatically on 26 October 2023.

Please note that if you view your First Home Steps account online via Your Account, it may still show that the account has a tiered interest rate. Rest assured that you will still receive the same rate, no matter what the balance is in the account.

rallycurve

Finally they give some love to that account which used to be market leader. A bit too late since many of us moved the money elsewhere months ago. Plus it isn't such a great rate: only 0.1% extra than the top  easy access account (multiple withdrawals and no monthly limit). Still good move from Principality 

flaneurs_lobster

rallycurve said:

Finally they give some love to that account which used to be market leader. A bit too late since many of us moved the money elsewhere months ago. Plus it isn't such a great rate: only 0.1% extra than the top  easy access account (multiple withdrawals and no monthly limit). Still good move from Principality 

Principality BS seem very specific in their eligibility criteria

• You can only open this account if you do not own or have not previously owned a property.

Is it enforced/do people here ignore the restriction (like the Coventry FHS which was a little more obtuse with its rules)?

subjecttocontract

flaneurs_lobster said:

rallycurve said:

Finally they give some love to that account which used to be market leader. A bit too late since many of us moved the money elsewhere months ago. Plus it isn't such a great rate: only 0.1% extra than the top  easy access account (multiple withdrawals and no monthly limit). Still good move from Principality 

Principality BS seem very specific in their eligibility criteria

• You can only open this account if you do not own or have not previously owned a property.

Is it enforced/do people here ignore the restriction (like the Coventry FHS which was a little more obtuse with its rules)?

Certainly not.....rules is rules and must be complied with. Hopefully every contributor to this forum ensures that they abide by the rules. If not, they shouldn't be allowed to access the forum. Why would it be acceptable to knowingly break the rules just because you thought it was ok or didn't apply to you ?

wiseonesomeofthetime

Plenty on here clearly chance their arm. But then, you've been here long enough to know that 😁

subjecttocontract

Do they ?
I'm not aware of anyone posting to say they have managed to break the rules.
Surely the MSE website wouldn't allow that behavior.

Nick_C

There have been lots of posts about breaking the rules with LBG.

surreysaver

Halifax/ Lloyds Regular Savers people have been abusing. Virgin Regular Savers that were paying interest twice. Tesco direct debits. Post Office savings direct debits. NatWest/RBS Digital Savers creating debit card purchases.
I'm sure there's others