Regular Savings Accounts: The Best Currently Available List!

Bridlington1

where_are_we said:

My Chorley BS Seasonal Saver 3 matures at the end of the month. Like their RS it has a not very exciting 5.15% interest rate and because no withdrawals or closure are allowed I had gone to the minimum £25 monthly deposit quite a few months ago. Recently Chorley  offered a 5.35% one withdrawal only account (NLA) which makes me wonder if they might offer a more competitive loyalty account in the near future. Would it be worth accepting their maturity offer of a new SS 4 again at 5.15% and funding it with the minimum £25/month in order to keep a "foot in the door"?

If you want to keep a ``foot in the door" for potential future loyalty products it may be worth opening one of their notice accounts instead as these have a £1 minimum balance versus £25 for the regular saver.

Bridlington1

Monmouthshire BS will be launching a Regular Saver Issue 3 at 4.75% tomorrow.

Rich2808

I have a general question about opening the Halifax regular saver. My old regular saver matured 2 weeks ago but Halifax online banking does not offer it as an option for me to open a new one online. Have tried calling them twice - but apparently they were too busy to take the call.

Has anyone else had this problem with maturing Halifax regular savers. I am registered for online banking and have a current account with them.

Wheres_My_Cashback

Bridlington1 said:

Monmouthshire BS will be launching a Regular Saver Issue 3 at 4.75% tomorrow.

I somehow don't think MBS are going to be facing their usual problem of being overwhelmed with this one 

Think it's going to be more a case of...

nightowl888

I've just closed my first account with monmouthshire today - the Christmas 2023 regular saver. Does anybody know what the normal procedure is? How long to expect it to take to transfer into my nominated bank account? In Monmouthshire it still shows there.

Bridlington1

Wheres_My_Cashback said:

Bridlington1 said:

Monmouthshire BS will be launching a Regular Saver Issue 3 at 4.75% tomorrow.

I somehow don't think MBS are going to be facing their usual problem of being overwhelmed with this one 

Think it's going to be more a case of...

Yes it certainly isn't the greatest is it. Since it has a £1 minimum balance and requires no further funding I may still open it with £1 just on the off-chance it becomes competitive in the future.

Kazza242

Rich2808 said:

I have a general question about opening the Halifax regular saver. My old regular saver matured 2 weeks ago but Halifax online banking does not offer it as an option for me to open a new one online. Have tried calling them twice - but apparently they were too busy to take the call.

Has anyone else had this problem with maturing Halifax regular savers. I am registered for online banking and have a current account with them.

My Halifax regular saver matured near the end of October 2023.  They transferred the balance plus interest to my Instant Saver account.  

They then rolled my existing matured account (with £0 balance) into a new regular saver account for another 12 months and applied the interest rate available at the time of maturity (5.50%).  The account number remains the same. 

I transferred the first payment via an internal transfer and amended my existing standing order.

Find your matured regular saver account on Halifax online banking.  It should have the 5.50% rate applied to it. 

You can then make your first payment.  Or did you close your Halifax regular saver following maturity?    

pecunianonolet

Bridlington1 said:

Wheres_My_Cashback said:

Bridlington1 said:

Monmouthshire BS will be launching a Regular Saver Issue 3 at 4.75% tomorrow.

I somehow don't think MBS are going to be facing their usual problem of being overwhelmed with this one 

Think it's going to be more a case of...

Yes it certainly isn't the greatest is it. Since it has a £1 minimum balance and requires no further funding I may still open it with £1 just on the off-chance it becomes competitive in the future.

Only really makes sense if the rate is fixed and you expect the rate to be lower in the near future. Plenty of better paying reg savers out there so giving this a miss. If interest is flexible there really isn't any point at all.

Stargunner

Bridlington1 said:

Wheres_My_Cashback said:

Bridlington1 said:

Monmouthshire BS will be launching a Regular Saver Issue 3 at 4.75% tomorrow.

I somehow don't think MBS are going to be facing their usual problem of being overwhelmed with this one 

Think it's going to be more a case of...

Yes it certainly isn't the greatest is it. Since it has a £1 minimum balance and requires no further funding I may still open it with £1 just on the off-chance it becomes competitive in the future.

Why would you even bother opening this account, especially as you probably already have their 8% and 7% regular savers that they only launched a few months ago., 

Bridlington1

Stargunner said:

Bridlington1 said:

Wheres_My_Cashback said:

Bridlington1 said:

Monmouthshire BS will be launching a Regular Saver Issue 3 at 4.75% tomorrow.

I somehow don't think MBS are going to be facing their usual problem of being overwhelmed with this one 

Think it's going to be more a case of...

Yes it certainly isn't the greatest is it. Since it has a £1 minimum balance and requires no further funding I may still open it with £1 just on the off-chance it becomes competitive in the future.

Why would you even bother opening this account, especially as you probably already have their 8% and 7% regular savers that they only launched a few months ago., 

First of all you're correct, I do have their 8% and 7% regular savers. I also have the 5.6% Coronation Regular Saver and the soon to mature Christmas Regular Saver.

Whilst 4.75% isn't a good rate now and doesn't currently look as though it will become competitive in the future, if rates start to fall at some point next year and Monmouthshire decide not to cut their 4.75% rate then it could become a reasonable rate for the last month or two. If it had a larger minimum balance or required monthly funding then I doubt I'd be opening it but since it only has a £1 minimum balance and requires no further funding the cost to me of having the account sat with a £1 balance for a year should be at most 1 or 2p so it seems just about worth opening on the off-chance. Admittedly it is on the lower end of accounts I would open speculatively though. 

EDIT: The account is now live on their website.
https://www.monbs.com/savings/regular-saver/