Regular Savings Accounts: The Best Currently Available List!

brucefan_2

Bridlington1 said:

Skipton BS Member Regular Saver Issue 3 has been launched at 7% fixed, replacing issue 2 at 7.5%.

• Max deposit £250/mth
• Available to existing Skipton members, who joined on or before 11/01/24
  
• No withdrawals permitted except early closure
• You can not hold both issue 2 and 3 simultaneously

That's a shame.

Stargunner

subjecttocontract said:

AmityNeon said:

A Regular Saver term that lasts for 9.5 months? How peculiar, though based on its name/purpose I can understand it needing to mature comfortably before Christmas 2024. It’s still worth opening for me. It may be variable, but given the marketing context, the optics would look terrible if they announced a rate reduction.

(AER is 6.04% for YBS Christmas 2024 Regular Saver)

It's difficult for me to get very excited about this......approx £37 in interest is hardly worth getting out of bed for !

It would be a lot less than £37, because I would imagine that you would hsve the money in an easy access account instead, earning at least 5%. 

I will be giving this RS a miss.

Bridlington1

subjecttocontract said:

AmityNeon said:

A Regular Saver term that lasts for 9.5 months? How peculiar, though based on its name/purpose I can understand it needing to mature comfortably before Christmas 2024. It’s still worth opening for me. It may be variable, but given the marketing context, the optics would look terrible if they announced a rate reduction.

(AER is 6.04% for YBS Christmas 2024 Regular Saver)

It's difficult for me to get very excited about this......approx £37 in interest is hardly worth getting out of bed for !

Well I'll be getting out of bed that day anyway regardless of what YBS is doing so I might as well have the extra interest whilst I'm at it. At 6% it'll make a nice addition to my collection.

flaneurs_lobster

Bridlington1 said:

subjecttocontract said:

AmityNeon said:

A Regular Saver term that lasts for 9.5 months? How peculiar, though based on its name/purpose I can understand it needing to mature comfortably before Christmas 2024. It’s still worth opening for me. It may be variable, but given the marketing context, the optics would look terrible if they announced a rate reduction.

(AER is 6.04% for YBS Christmas 2024 Regular Saver)

It's difficult for me to get very excited about this......approx £37 in interest is hardly worth getting out of bed for !

Well I'll be getting out of bed that day anyway regardless of what YBS is doing so I might as well have the extra interest whilst I'm at it. At 6% it'll make a nice addition to my collection.

Still got the slot in my spreadsheet where the 2023 version used to live - be rude not to.

Bazzalona13295

Bridlington1 said:

Bigwheels1111 said:

Please no more regular savers. I’m getting addicted to them.
I'm up to 8 now or is it nine.

If you think you're getting addicted to regular savers, how would you describe me? I'm currently on 42 and am looking forward to adding YBS's Christmas RS to my collection, taking my total to 43 or possibly higher if I open another RS in the meantime.

Are there even 42 in existence 😀

Bazzalona13295

Bridlington1 said:

YBS Christmas 2024 regular saver:

• Will be launched on 17/1/24
• 6% variable
• Max deposit £150/mth
• Allows 1 penalty free withdrawal/yr
• Matures 31/10/24

Source: branch

The rate is no surprise but the low maximum deposit is.

AmityNeon

subjecttocontract said:

AmityNeon said:

A Regular Saver term that lasts for 9.5 months? How peculiar, though based on its name/purpose I can understand it needing to mature comfortably before Christmas 2024. It’s still worth opening for me. It may be variable, but given the marketing context, the optics would look terrible if they announced a rate reduction.

(AER is 6.04% for YBS Christmas 2024 Regular Saver)

It's difficult for me to get very excited about this......approx £37 in interest is hardly worth getting out of bed for !

Around £7.67 after drip-feeding from 5%. It will probably take less than 5 minutes to open for existing customers. People do all sorts of things for similar amounts, e.g. cashback spending, monthly rewards etc. If an account doesn't tickle your fancy though, just ignore it; never mind what others choose to do when a new product is announced.

surreysaver

Bazzalona13295 said:

Bridlington1 said:

Bigwheels1111 said:

Please no more regular savers. I’m getting addicted to them.
I'm up to 8 now or is it nine.

If you think you're getting addicted to regular savers, how would you describe me? I'm currently on 42 and am looking forward to adding YBS's Christmas RS to my collection, taking my total to 43 or possibly higher if I open another RS in the meantime.

Are there even 42 in existence 😀

Some of the ones people will have will no longer be available to open. I'll count how many I've got when I get home. Think its fewer than 42 though 

simonsmithsays

@Bridlington1

badger09 said:

@Bridlington1
I admire your dedication and would love to be a fly on the wall when you’re asked for evidence of the source of funds for your first home. 

Hope you’re keeping meticulous records as I suspect you’ll need them. 

Apologies for the slight tangent.

@Bridlington1

We're in a similar position.  

We moved house recently and were lucky enough to be cash buyers.

At the time I had well over 100 RS and CA. I had (and still have but with only a quid in) almost 40 Virgin CA for example with the max £1k in when the rate was decent.

I've got a similar amount of RS to you.

An afternoon with a printer and then filing statements in a lever arch file and dropping them off at our solicitors was certainly interesting.

What I have noticed this year is that (with the interest spreadsheet I maintain) I already have 33% more interest than last tax year with the same sort of deposits.

That's without the, not insignificant, ISA interests to be paid.

soulsaver

Thread drift...