Regular Savings Accounts: The Best Currently Available List!

pecunianonolet

chris_the_bee said:

adindas said:

I just consolidate my RSA, and I found out that actually Coventry First Home Saver is a very good Easy access RSA.

- Unlimited withdrawal

- You could add £1000 monthly

-  It pays 5.60% for 36 months (variable). But because it is unlimited withdrawal, easy access if you find a better alternative, just withdraw it to a minimum balance.

Have I miss something here ?? is there any better alternative out there for easy access ?? How easy it is to withdraws your money for the balance of £10k+?

Any opinion suggestion will be very much appreciated.

This is Issue 1 @ 5.6% which is NLA.
Issue 2 is 5.05%.

The key problem is that after I have filled all the 8, 7 and 6% reg savers there are no funds left really to fill it up more. Also way past my £500 PSA so all that's left goes into my partners ISA as mine is already full. My FHS 1 is paying interest mid of Dec. Luckily from that date interest counts against next year, which by the looks of it is also already more or less maxed out what concerns PSA. I know, it's a privilege to have that sort of problem.

On paper still one of the best Coventry accounts they launched and they upped the rate quite a few times as well. Since it is a BS I think it will also be one of the last receiving a cut, if even. They already used a sharp sword to cut the ISA's into a very unattractive territory. 

chris_the_bee

adindas said:

chris_the_bee said:

adindas said:

I just consolidate my RSA, and I found out that actually Coventry First Home Saver is a very good Easy access RSA.

- Unlimited withdrawal

- You could add £1000 monthly

-  It pays 5.60% for 36 months (variable). But because it is unlimited withdrawal, easy access if you find a better alternative, just withdraw it to a minimum balance.

Have I miss something here ?? is there any better alternative out there for easy access ?? How easy it is to withdraws your money for the balance of £10k+?

Any opinion suggestion will be very much appreciated.

This is Issue 1 @ 5.6% which is NLA.
Issue 2 is 5.05%.

That is correct. The one I have is Issue 1. When I opened it in Dec 2022, The interest was just 2.95%.

adindas said:

chris_the_bee said:

adindas said:

I just consolidate my RSA, and I found out that actually Coventry First Home Saver is a very good Easy access RSA.

- Unlimited withdrawal

- You could add £1000 monthly

-  It pays 5.60% for 36 months (variable). But because it is unlimited withdrawal, easy access if you find a better alternative, just withdraw it to a minimum balance.

Have I miss something here ?? is there any better alternative out there for easy access ?? How easy it is to withdraws your money for the balance of £10k+?

Any opinion suggestion will be very much appreciated.

This is Issue 1 @ 5.6% which is NLA.
Issue 2 is 5.05%.

That is correct. The one I have is Issue 1. When I opened it in Dec 2022, The interest was just 2.95%.

Mine was May 2021 @ 0.85%!

trickydicky14

chris_the_bee said:

adindas said:

chris_the_bee said:

adindas said:

I just consolidate my RSA, and I found out that actually Coventry First Home Saver is a very good Easy access RSA.

- Unlimited withdrawal

- You could add £1000 monthly

-  It pays 5.60% for 36 months (variable). But because it is unlimited withdrawal, easy access if you find a better alternative, just withdraw it to a minimum balance.

Have I miss something here ?? is there any better alternative out there for easy access ?? How easy it is to withdraws your money for the balance of £10k+?

Any opinion suggestion will be very much appreciated.

This is Issue 1 @ 5.6% which is NLA.
Issue 2 is 5.05%.

That is correct. The one I have is Issue 1. When I opened it in Dec 2022, The interest was just 2.95%.

adindas said:

chris_the_bee said:

adindas said:

I just consolidate my RSA, and I found out that actually Coventry First Home Saver is a very good Easy access RSA.

- Unlimited withdrawal

- You could add £1000 monthly

-  It pays 5.60% for 36 months (variable). But because it is unlimited withdrawal, easy access if you find a better alternative, just withdraw it to a minimum balance.

Have I miss something here ?? is there any better alternative out there for easy access ?? How easy it is to withdraws your money for the balance of £10k+?

Any opinion suggestion will be very much appreciated.

This is Issue 1 @ 5.6% which is NLA.
Issue 2 is 5.05%.

That is correct. The one I have is Issue 1. When I opened it in Dec 2022, The interest was just 2.95%.

Mine was May 2021 @ 0.85%!

It a good easy access account just now but being variable and looking at other accounts it could very easy start to drop. But for the time being I'm happy to put my left over cash in to it.

Nick_C

A reminder of the topic of this thread:-

Regular Savings Accounts: The Best Currently Available List!

Kim_13

Cambridge BS - going backwards?

Applied for the Extra Reward Regular Saver by post last week and received a passbook in the post. There was no passbook with the Reward Regular Saver I opened two years ago. The information in the back of the passbook also states that withdrawals are by cheque with the passbook. Previously I received matured funds via Faster Payment.

wmb194

Kim_13 said:

Cambridge BS - going backwards?

Applied for the Extra Reward Regular Saver by post last week and received a passbook in the post. There was no passbook with the Reward Regular Saver I opened two years ago. The information in the back of the passbook also states that withdrawals are by cheque with the passbook. Previously I received matured funds via Faster Payment.

I doubt it'll be a problem: "Upon maturity the balance including any accrued interest will transfer to an appropriate instant access account available at the time and provide instant access to your money."

https://www.cambridgebs.co.uk/savings/regular-savings/extra-reward-regular-saver

happybagger

Nick_C said:

A reminder of the topic of this thread:-

Regular Savings Accounts: The Best Currently Available List!

Oh please, not more policing, are you seriously saying anything that was once a hot topic on here should no longer be mentioned simply because it is NLA?

Special_Saver2

Hi Folks,

I cannot see anything that needs to be changed for the first page of this thread.

I will do the next update in the next 1-2 weeks.

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

OneUser1

Special_Saver2 said:

Hi Folks,

I cannot see anything that needs to be changed for the first page of this thread.

I will do the next update in the next 1-2 weeks.

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

You have the Melton Mowbray Building Society Regular Saver listed but it’s no longer available.

refluxer

Here's an online regular saver I spotted recently from the Hanley Eco BS - it's fairly new and hasn't been picked up by comparison sites like MoneyFacts, yet. While the rate isn't fixed nor among the very best available, it's still higher than the current best easy access rates and some of the conditions (such as the high monthly contribution and lack of maturity date) might make it of interest to some.

Hanley Economic Building Society - Online Regular Saver @ 5.50% (variable)

• Open online and manage via online banking or the app
• Interest paid annually on 31st August
• Minimum balance : £1,000
• Maximum balance : £100,000
• Pay in between £250 and £1,000 every month (multiple payments allowed)
• Payments can be made via SO, bank transfer or debit card
• Missing paying in for 3 or more months within the anniversary year risks account closure 
• 5 penalty-free withdrawals per tax year allowed (faster payment withdrawals are subject to a £10k per day limit)

https://thehanley.co.uk/savings-accounts/

NB. I'm not sure why the 'withdrawal notice' box says 'Yes' in the table - notice isn't mentioned in the account Summary Box so it's possible this may be a mistake or they may simply be referring to the fact that withdrawals have to be requested and so aren't instant.

One thing to note about the Hanley is that they're a relatively small BS, so there are bound to be the usual, associated foibles and they won't be as dynamic as some of the bigger players. You'll probably have to wait for online banking details to be sent through the post, for example, so setting this account up as a new customer may not be immediate. Also - if this account functions like the branch saver I hold with them, faster payment deposits usually don't show up until the next working day and so the same might be true for withdrawals from this account (I don't current hold this RS but my impression is that both faster payments in and withdrawal requests for faster payments out have to be processed manually). Full details of how they operate their savings accounts can be found in their general savings accounts T&Cs document.