Regular Savings Accounts: The Best Currently Available List!

subjecttocontract

JamesRobinson48 said:

subjecttocontract said:

My 'collection' of regular saver accounts are due to produce £2849 in interest over the year......about 8% of my total savings  income.

In my case those £ and % figures are almost identical - and I suspect it means I'm spending far too much time  administering RS accounts given their somewhat immaterial effect on my financial position! 

But as we are all struggling to get much more than 5% anywhere at the moment the reg savers offering 6-8% look attractive. Most dont take much effort to open and paying in by standing order means there is virtually no admin required. However, I do draw the line at opening the YBS Xmas reg saver @ 6% to receive, at best, £37 in interest !

HHUK

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

Many thanks for the heads up. Seems like a good deal to me, with no penalty for early closure and the flexible paying in options, and I had no hesitation in opening this account.

Pkman

Bazzalona13295 said:

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.

Agree, what was last year? I still open it as already customer. But it's fair from perfect with it being 10 months too. 

SJMALBA

Pkman said:

Bazzalona13295 said:

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.

Agree, what was last year? I still open it as already customer. But it's fair from perfect with it being 10 months too. 

£300/month.

Middle_of_the_Road

Pkman said:

Bazzalona13295 said:

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.

Agree, what was last year? I still open it as already customer. But it's fair from perfect with it being 10 months too. 

Last year ended up at 5.75%, max. £300pm, and made ~£70 interest. Think I'll give this years a miss.

Kim_13

I’ll open it, but don’t expect to use it much (I have the 7% Loyalty running until September, so there’ll only be a month when it is my only YBS Regular Saver (in the absence of any replacement Loyalty offering.)) 

Nick_C

Just looked at the forum and saw 50 new posts on this thread.  5 of them contained useful information.

Can we keep postings relevant please?

Malchester

What is relevant? And relevant to whom?

Angelica123

By my calculation, as a higher tax rate earner who will already have used up my PSA allowance 2024/2025 on reg savers, I need any new reg savers to be over 7.5% interest to be worth the tax on interest. Of course that will change if ISA rates continue to drop. 

friolento

Angelica123 said:

By my calculation, as a higher tax rate earner who will already have used up my PSA allowance 2024/2025 on reg savers, I need any new reg savers to be over 7.5% interest to be worth the tax on interest. Of course that will change if ISA rates continue to drop. 

I take it you are recommending those who have bust their PSA should put money into a good ISA unless you can get an RS with at least ISA rate + 40% (or ISA rate + 20% for BR tax payers). What’s your recommendation for those who have maxed their ISA allowance for the year?