Regular Savings Accounts: The Best Currently Available List!

10_66

subjecttocontract said:

I've got a Tipton & Coseley regular saver iss3 that I took out in September........why would that be paying interest in December ? I thought the interest was added to the account at the end of the term.

I don't know about a Regular Saver Issue 3, but the Fixed Rate Regular Saver is already showing the interest (in the app).

friolento

10_66 said:

subjecttocontract said:

I've got a Tipton & Coseley regular saver iss3 that I took out in September........why would that be paying interest in December ? I thought the interest was added to the account at the end of the term.

I don't know about a Regular Saver Issue 3, but the Fixed Rate Regular Saver is already showing the interest (in the app).

I have Issue 1 and 2, and an easy access account at Tipton. All showing interest payments dated today, with amounts earned to date. It’s in line with the Tipton T&Cs. 

Wheres_My_Cashback

subjecttocontract said:

I've got a Tipton & Coseley regular saver iss3 that I took out in September........why would that be paying interest in December ? I thought the interest was added to the account at the end of the term.

That's why you should always read the summary when opening accounts.

Why? BS operate various ways, some work to calendar years, some work to society years, but they will all also work to tax years.

Interest can be payable at anytime, many pay at their determined point as well as at maturity/closure.

simonsmithsays

Bridlington1 said:

Just a reminder that the following building societies pay interest on their regular savers tomorrow:

• Bath BS
• Beverley BS
• Buckinghamshire BS
• Darlington BS
• Ecology BS
• Mansfield BS
• Penrith BS
• Tipton & Coseley BS

With Principality BS paying interest on their First Home Steps Regular Savers and NHS Thank You Saver on Monday.

Spot on - mirrors my list.

 I've also got the Chorley and Cambridge instant accesses which I keep for new products.

Kim_13

Nothing on Cambridge Instant yet - I’m guessing it will show on 2nd January due to that being the first working day after the scheduled payment date.

Edited to add that like Cambridge, Nationwide pay interest on EAs on December 31 - but their RS’s are anniversary and/or closure.

Hattie627

Buckinghamshire Building Society Regular Savers (open-ended): annual interest not yet showing (payment date is 31st December, I seem to recall interest showing on New Year's Day in previous years). Great feeling to get interest to welcome the New Year (sad, I know!)

Leeds BS Two Year Regular Saver Issue 36 (matures on 5th Jan 2025): half-time interest should show next Friday

ForumUser7

Mansfield BS Kick Start Regular Savings (7th Issue)

As far aș I can tell, min £25 deposits must be made monthly. But anyone know what happens if deposits aren't made monthly? Would the account be closed penalty free, or would they put on a 90 day interest penalty?

Similarly, if two or more withdrawals have been made in a year, no withdrawals or closure can be done without 90 day interest penalty. Anyone know what would happen if we just didn't pay in? Would it get closed penalty free, or would they implement a penalty, or just let it run?

Thanks

Emily_Joy

Re: Cambridge Instant Access - those who have it - was it easy to open one online? I am struggling

janusdesign

Emily_Joy said:

Re: Cambridge Instant Access - those who have it - was it easy to open one online? I am struggling

the site says you can "open in branch, by phone or via post" - no online option ?
how about opening a "Your Saver" instead - higher rate (4.65%), same deposit (£100) and you can open it online - I have one myself, but only have that minimal balance in.
Your Saver Account | Savings | The Cambridge (cambridgebs.co.uk)

Emily_Joy

janusdesign said:

Emily_Joy said:

Re: Cambridge Instant Access - those who have it - was it easy to open one online? I am struggling

how about opening a "Your Saver" instead - higher rate (4.65%), same deposit (£100) and you can open it online - I have one myself, but only have that minimal balance in.

This is precisely what I tried to do - opening "your saver" account. No luck The message I get is:
The application is currently unavailable
We are currently experiencing some problems and are unable to continue with your application. Please try again later. If you have a question about your application, please call us. Thank you for your patience.