Regular Savings Accounts: The Best Currently Available List!

Special_Saver2

Hi Folks,

Here is this weekend's update to this thread. I cannot find anything that has changed.

I will do the next update next weekend.

SS2

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For those new to this thread, the first few posts are constantly updated and are on the first page
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

schiff

My last Yorkshire BS RS matured today. No RS replacement. I'm going to miss them; when you enter your year of birth as part of the verification, the list starts around the Wall St crash. With most of them you scroll through the year of birth list backwards from 2020, with the result that by the time you get to your year, you finish up depressed. 

lightbulb2760

pafpcg said:

surreysaver said:

"typistretired said:

They are reducing their rates from 19th August 2020"

Who are? 

Saffron BS!  They sent out an email announcing cuts in the interest paid on variable-rate accounts.

The only Regular Saver affected by this (being variable-rate) is the 170th Birthday Saver. All other Regular Savers (none now available to new customers) are fixed-rate.

RG2015

I received a letter from NatWest today, advising me that they are reducing the rate on their Savings Builder account from 1.00% to 0.75%.

JamesRobinson48

I had imagined that Santander's RS rate couldn't possibly fall any lower than 0.75% ... but that's been pulled and replaced with a new issue at only 0.50% !

liamcov

JamesRobinson48 said:

I had imagined that Santander's RS rate couldn't possibly fall any lower than 0.75% ... but that's been pulled and replaced with a new issue at only 0.50% !

I wonder how low they'll go before things start picking up again?

adindas

JamesRobinson48 said:

I had imagined that Santander's RS rate couldn't possibly fall any lower than 0.75% ... but that's been pulled and replaced with a new issue at only 0.50% !

0.5% for RSA of £250 monthly will only give us  £8.12 interest. Considering time to fill in the Application form,  set up a SO, action needed on maturity, Is it worthy ??  Well, it will depend on the person personal circumstances. But to me no thanks.

Time to move RSA A/Cs paying this peanauts to S&S ISA especialy if you are not going to need this money in the short term.

harz99

A near 0% rate was bound to happen sooner or later, the economy needs us to spend our cash now, not save. 

lhsecons

I can’t think of any circumstances were a regular saver paying less than the best instant access rate , currently 1.15% is worth it, although I realise that some savers want the certainty if the rate remains fixed for the term. However 0.5% is ridiculous.

typistretired

NS&I bond is suddenly looking okay. Still have 2 Mons BS paying 1.20%