Regular Savings Accounts: The Best Currently Available List!

allegro120

Sallyforth said:

Going to open the YBS Christmas saver simply because I see you can pay in a minimum of £1 by debit card which will satisfy the x5 payments I need to make when my new Co-op switch goes through to qualify for their bonus.  Will also make a couple of payments from my mostly dormant Nationwide account for the next three months in case they offer the Fair Share deal again this year.

It may also come in handy to be a member for future offers and there is a branch within walking distance of my home if ever needed.

SF x

Membership alone is worth an effort.  YBS has a history of offering loyalty products.  Once I had a short break in my membership and missed out on top rate RS as a result - learned it this way.

dcs34

Already an existing customer, logged in to apply, but apparently they still need me to send ID...
Oh well, I've got to do it for Furness, so not much extra work.

friolento

allegro120 said:

Sallyforth said:

Going to open the YBS Christmas saver simply because I see you can pay in a minimum of £1 by debit card which will satisfy the x5 payments I need to make when my new Co-op switch goes through to qualify for their bonus.  Will also make a couple of payments from my mostly dormant Nationwide account for the next three months in case they offer the Fair Share deal again this year.

It may also come in handy to be a member for future offers and there is a branch within walking distance of my home if ever needed.

SF x

Membership alone is worth an effort.  YBS has a history of offering loyalty products.  Once I had a short break in my membership and missed out on top rate RS as a result - learned it this way.

I agree, YBS membership is worth it BUT a regular saver that matures in 10 months time isn't the best account to choose for this. A standard easy access saver with a minimum balance is a better 'membership' account.

adindas

allegro120 said:

Wheres_My_Cashback 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.

Ditto, however I'm only actively paying maximums into 36, the other 6 are minimums/zero which are only kept on the portfolio for future use should needs arise. As EA rates are suspected to fall further in the coming months these other 6 may be of use again, but only time will tell. If not, nothing lost and it's kept relationships with some BS that I may not otherwise have. To me anything =>5.25% is worth funding to the max. Everyone obviously has their own threshold depending on cash flow/disposable cash/EA to RS gap etc
Cash flow at this time of the year is more problematic though as there are far less RS accounts opened/maturing in the 1st half of the year, compared to 2nd so recycling becomes harder/more restricted.

My threshold for RS is 5.5%.  The only exceptions are Ecology (£25 p/m) and Lloyds non-club (depositing full amount every month).  Good point about EA rates, 5%+ might soon disappear and then 5.25% RSs can become useful.

Each to their own. But to me I am still considering 5.0%, %.25% those who could be moved instantly by yourself and/or fixed interest . Example of this are Lloyds Monthly Saver 5.25%. Old TSB RS @5.00,

adindas

TSB RSA is now paying 6.0%. This is gem as it is Immediate access to your money with no withdrawal charges

@ 6.00% Gross/AER.

https://www.tsb.co.uk/savings/monthly-saver/

Has anyone tried recently whether to close the old one and immediately reopen a new one still work ?? If my memory serves well and not confused with other RSA, it did not work for me any longer. The only exception is if you reopen a new Current account and use this a foundation to open a RSA.

flaneurs_lobster

adindas said:

Has anyone tried recently whether to close the old one and immediately reopen a new one still work ?? If my memory serves well and not confused with other RSA, it did not work for me any longer. The only exception is if you reopen a new Current account and use this a foundation to open a RSA.

Your experience is as mine, if you close the RS before term then you cannot open the new 6% RS until after the 12 month anniversary of opening the old.

allegro120

adindas said:

TSB RSA is now paying 6.0%. This is gem as it is Immediate access to your money with no withdrawal charges

@ 6.00% Gross/AER.

https://www.tsb.co.uk/savings/monthly-saver/

Has anyone tried recently whether to close the old one and immediately reopen a new one still work ?? If my memory serves well and not confused with other RSA, it did not work for me any longer. The only exception is if you reopen a new Current account and use this a foundation to open a RSA.

I've closed the old 5% early and tried to open new 6%.  The system didn't let me do that, I'll have to wait until 12 months anniversary.  I didn't think of opening another current account as a foundation for new RS, does it really work?

adindas

allegro120 said:

adindas said:

TSB RSA is now paying 6.0%. This is gem as it is Immediate access to your money with no withdrawal charges

@ 6.00% Gross/AER.

https://www.tsb.co.uk/savings/monthly-saver/

Has anyone tried recently whether to close the old one and immediately reopen a new one still work ?? If my memory serves well and not confused with other RSA, it did not work for me any longer. The only exception is if you reopen a new Current account and use this a foundation to open a RSA.

I've closed the old 5% early and tried to open new 6%.  The system didn't let me do that, I'll have to wait until 12 months anniversary.  I didn't think of opening another current account as a foundation for new RS, does it really work?

It worked for me in the past. But at that time I opened a new account to bank an incentive/cashback, not primarily to get their RSA. I have not tried with the new one.

soulsaver

adindas said:

TSB RSA is now paying 6.0%. This is gem as it is Immediate access to your money with no withdrawal charges

@ 6.00% Gross/AER.

https://www.tsb.co.uk/savings/monthly-saver/

Has anyone tried recently whether to close the old one and immediately reopen a new one still work ?? If my memory serves well and not confused with other RSA, it did not work for me any longer. The only exception is if you reopen a new Current account and use this a foundation to open a RSA.

So does that work now?

PloughmansLunch

allegro120 said:

adindas said:

TSB RSA is now paying 6.0%. This is gem as it is Immediate access to your money with no withdrawal charges

@ 6.00% Gross/AER.

https://www.tsb.co.uk/savings/monthly-saver/

Has anyone tried recently whether to close the old one and immediately reopen a new one still work ?? If my memory serves well and not confused with other RSA, it did not work for me any longer. The only exception is if you reopen a new Current account and use this a foundation to open a RSA.

I've closed the old 5% early and tried to open new 6%.  The system didn't let me do that, I'll have to wait until 12 months anniversary.  I didn't think of opening another current account as a foundation for new RS, does it really work?

I had 2 x Spend & Save accounts and switched out the older TSB account a few months ago that the original RS was linked to & closed the 5% RS not long after, but I was still prevented from opening a new RS when it was first launched. I tried again a week or two later and this time it was opened straight away, presumably now pulling in the different login/customer ID from the 2nd account. I'd say if you're ok with another hard search (and additional customer ID/potential TSB IT merging headache) then a new current account should let you open the 6% RS.