Regular Savings Accounts: The Best Currently Available List!

ForumUser7

AmityNeon said:

MichaelAP said:

ForumUser7 said:

Anyone know of a tool, other than https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php, into which we can put the date of transactions, the transaction amount, and the rate of interest between certain dates to check the right amount was paid please? Thanks

If you are happy to use an App based compound interest calculator then I can recommend “Compound Interest Calc” found at https://apps.apple.com/gb/app/compound-interest-calc/id543747638

I can't tell from the description/screenshots, but does that app allow additional deposits to be entered with variable amounts/frequency, as well as changes to interest rates (i.e. like a variable rate savings account), effectively mirroring a real account?

Thanks for the suggestion @michaelAP but I’ve got the same question as @amityneon - doesn’t look like rates can be changed, or further deposits of different amounts can be added.

Perhaps I just need to create a good old Excel template

jaypers

Paid my Beehive RS at 8am this morning as it’s the 1st of the month. Normally shows up very quickly regardless of weekday/weekend. Still not showing. Anyone else? 

Catplan

jaypers said:

Paid my Beehive RS at 8am this morning as it’s the 1st of the month. Normally shows up very quickly regardless of weekday/weekend. Still not showing. Anyone else? 

Just checked SO leaving Santander to Beehive as expected, nothing updated in Beehive app yet suspect due to it being a bank holiday. Not even sure it shows up straight away, although transactions are previously dated 1st of month.

flaneurs_lobster

jaypers said:

Paid my Beehive RS at 8am this morning as it’s the 1st of the month. Normally shows up very quickly regardless of weekday/weekend. Still not showing. Anyone else? 

Same here.

francoghezzi

Gatehouse and Principality RS paid in  just after midnight and already duly updated using their on line App. Well done.

Special_Saver2

Hi Folks,

Happy New Year!

I have updated the first page of this thread.

- Coventry BS Regular Saver (Issue 6) replaces issue 5 and is paying a lower interest rate of 5% but the terms and conditions of issue 6 permit internal transfers from other Coventry accounts

- Principality BS Healthy Habits Saver Bond added, paying 6% on up to £50 per month for 2 years, no early withdrawals except for account closure, you cannot make more deposits once the balance reaches £1,200

- Leeds BS Regular Saver (Issue 48) replaces issue 47 with the same details except that the issue 48 maturity date is 4th January 2026

- Chorley BS Regular Saver (30.11.24) replaces the 31.08.24 version with the same details except that this issue matures on 30th November 2024 (and I presume that this issue will soon be replaced by another issue as the 30.11.24 issue had to be funded by yesterday)

- Tipton and Coseley BS Fixed Rate Regular Saver until 31.10.24 removed as account no longer available

- West Brom BS Adult's Fixed Rate Regular Saver (Issue 6) removed as account no longer available (as opposed to this account West Brom BS Fixed Rate Regular Saver (Issue 7) which is still available)

- Coventry BS Loyalty Regular Saver removed as account no longer available

- Santander Regular eSaver Account (Issue 18) replaces issue 17 and I cannot see anything that has changed. I was wondering whether you could open an issue 18 if you already have a previous issue and I am not sure. The terms and conditions state "You can have one of these accounts and it must be in your sole name." and my interpretation is that means you can only have one account of any issue.

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

SS2

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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

MichaelAP

AmityNeon said:

MichaelAP said:

ForumUser7 said:

Anyone know of a tool, other than https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php, into which we can put the date of transactions, the transaction amount, and the rate of interest between certain dates to check the right amount was paid please? Thanks

If you are happy to use an App based compound interest calculator then I can recommend “Compound Interest Calc” found at https://apps.apple.com/gb/app/compound-interest-calc/id543747638

I can't tell from the description/screenshots, but does that app allow additional deposits to be entered with variable amounts/frequency, as well as changes to interest rates (i.e. like a variable rate savings account), effectively mirroring a real account?

Unfortunately not. The only way to have additional deposits with variable amounts/frequencies would be to calculate your interest at a daily rate, then on the day of a deposit start afresh with a new principal amount. I fully accept this is not practical for ease of use. Most likely the idea mentioned by @ForumUser7 mentions is to create a spreadsheet.

granta

Ecology Reg Saver

Interest should have been paid by 31/12 I believe but not showing on my account. Anyone else?

allegro120

granta said:

Ecology Reg Saver

Interest should have been paid by 31/12 I believe but not showing on my account. Anyone else?

The same here. It shows 31/12 in previous years on my statement, but I've never checked how soon the interest was shown on the statement.  My guess is we will see the interest credited and dated 31/12 by the end of today or tomorrow.

granta

allegro120 said:

granta said:

Ecology Reg Saver

Interest should have been paid by 31/12 I believe but not showing on my account. Anyone else?

The same here. It shows 31/12 in previous years on my statement, but I've never checked how soon the interest was shown on the statement.  My guess is we will see the interest credited and dated 31/12 by the end of today or tomorrow.

Thanks. Yeah I never check usually but was prompted to after reading @Bridlington1 post about end of year interest!