Regular Savings Accounts: The Best Currently Available List!

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.

adindas

soulsaver 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.

So does that work now?

The last one I tried was end of December 2023. It worked for me. I just notice from my record, I got the new one paying 6.0% Interest coming with this new account. So I am confident it will still work with this method. MY RSA was opened early January 2024.

Nick_C

friolento said:

allegro120 said:

Sallyforth said:

... 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.

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.

To add to this, if you want to open a YBS loyalty account online, you need to have an account that has been open for more than 12 months.  Their IT system isn't capable of recognising that an account that you have held for 6 months (for example) that followed on from an older account that you have now closed makes you eligible.  Branch staff can help you in this scenario, but really, its simpler to stick £1 into any old YBS account and leave it there forever more.

allegro120

PloughmansLunch said:

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.

I found my old (pre spend&save switch offer) ID and logged in with that, I still have one of old current accounts opened, applied for RS, but no luck - "We're sorry, but you are unable to do this operation online, please go to your nearest branch.".  This reads to me as "the answer is NO".  I have only 11 days until the end of my curfew, I'll try again then.  If it's still a problem I'll visit the branch, it's only 2 miles away from where I am.