We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Regular Savings Accounts: The Best Currently Available List!

Options
1105310541056105810591703

Comments

  • OneUser1 said:
    For those who can get to a branch, the Westbrom 6% fixed for a year, £250 per month maximum looks attractive and is still available. 

    I don’t understand why anyone with a 7% and 8% Regular Saver at the Monmouthshire would open the 4.75% variable as well. The higher paying accounts ensure continuity of membership. When they mature, and only then, certainly look for an account to maintain membership then. But not now.
    I think that Bridlington1 is striving to hold the most amount of bank and savings accounts out of everyone on MSE 😂
  • OneUser1 said:
    For those who can get to a branch, the Westbrom 6% fixed for a year, £250 per month maximum looks attractive and is still available. 

    I don’t understand why anyone with a 7% and 8% Regular Saver at the Monmouthshire would open the 4.75% variable as well. The higher paying accounts ensure continuity of membership. When they mature, and only then, certainly look for an account to maintain membership then. But not now.
    Think I may well pop in tomorrow morning and open the West Brom regular saver. Its not amazing at 6% but its fairly certain rates have hit their peak so anything around that mark is worth having for 12 months.
  • Rich2808
    Rich2808 Posts: 1,385 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Combo Breaker
    edited 22 November 2023 at 1:35PM
    Kazza242 said:
    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?    
    Kazza - thanks for your helpful advice. If only Halifax could make that clear - these 'renewals' of accounts are very confusing.

    I have a matured saver account showing a 5.5% rate - but for obvious reasons I would rather have something called a regular saver confirming the fixed rate. Do I renew this into another savings account - say the reward bonus saver paying 4.2% - and then I will be free to open a new account (the actual regular saver)? The only option not given to me for renewing the account is another regular saver!!

    Given I just do a transfer from my halifax account I don't really care the account number might change.

    I am just not comfortable using the matured saver account number - as its not clear what its terms are or what restrictions apply to it or if they can cut the rate? If its a regular saver still - why not call it that?!


  • Rich2808
    Rich2808 Posts: 1,385 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Combo Breaker
    Rich2808 said:
    Kazza242 said:
    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?    
    Kazza - thanks for your helpful advice. If only Halifax could make that clear - these 'renewals' of accounts are very confusing.

    I have a matured saver account showing a 5.5% rate - but for obvious reasons I would rather have something called a regular saver confirming the fixed rate. Do I renew this into another savings account - say the reward bonus saver paying 4.2% - and then I will be free to open a new account (the actual regular saver)? The only option not given to me for renewing the account is another regular saver!!

    Given I just do a transfer from my halifax account I don't really care the account number might change.

    I am just not comfortable using the matured saver account number - as its not clear what its terms are or what restrictions apply to it or if they can cut the rate? If its a regular saver still - why not call it that?!


    Sorted it now - did the renewal and opened a new regular saver.

    So thanks for your help!
  • Middle_of_the_Road
    Middle_of_the_Road Posts: 1,130 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    edited 22 November 2023 at 7:23PM
    A new Loyalty Regular Saver is due to be announced in the next few days by Coventry and it will be open to everyone with an account with the building society since January 2022
    That might be quite a nice account. I won't be eligible, as not been with them long enough.
    Any guesses on rate or monthly deposits, I'm thinking it could be 6% 7% and 500pcm?
  • francoghezzi
    francoghezzi Posts: 159 Forumite
    100 Posts Second Anniversary Photogenic Name Dropper
    edited 22 November 2023 at 7:29PM
    A new Loyalty Regular Saver is due to be announced in the next few days by Coventry and it will be open to everyone with an account with the building society since January 2022
    That might be quite a nice account. I won't be eligible, as not been with them long enough.
    Any guesses on rate or monthly deposits, I'm thinking it could be 6% 7% and 500pcm?
    No idea about the rate, 7% and 500pcm would be nice but I don't believe in miracles 😁
  • A new Loyalty Regular Saver is due to be announced in the next few days by Coventry and it will be open to everyone with an account with the building society since January 2022
    That might be quite a nice account. I won't be eligible, as not been with them long enough.
    Any guesses on rate or monthly deposits, I'm thinking it could be 6% 7% and 500pcm?
    No idea about the rate, 7% and 500pcm would be nice but I don't believe in miracles 😁
    It has to be markedly better than their existing regular saver, which is 500 per anniversary month at 5.5% though, if it's going to be a loyalty product. 
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.