Regular Savings Accounts: The Best Currently Available List!

PowerSavingMode

WillPS said:

DJDools said:

Speculator said:

schiff said:

I've got four regular savers maturing the first week of March:
Saffron Walden 5.25%
Lloyds Monthly 5.25%
Bank of Scotland 5.50%
Club Lloyds 6.25%
I feel that we're at something of a critical juncture so it will be interesting to see which way they jump, especially the Club Lloyds.

Renewed and reopened my Club Monthly yesterday. Was due to mature 6th March but didn't want to wait in case Lloyds launch a new issue with a lower rate.

That's interesting, as the product info says: "If you close the account early, you won't be able to open another one before the first anniversary of opening the first account."

There are a number of stipulations which are listed but aren't fully enforced. Another is the 'deposit by the 25th of each month' one. I'm pretty sure the £25 minimum deposit implied also isn't required.

I'm just too paranoid to try to circumvent the T&Cs..!

clivep

DJDools said:

Speculator said:

schiff said:

I've got four regular savers maturing the first week of March:
Saffron Walden 5.25%
Lloyds Monthly 5.25%
Bank of Scotland 5.50%
Club Lloyds 6.25%
I feel that we're at something of a critical juncture so it will be interesting to see which way they jump, especially the Club Lloyds.

Renewed and reopened my Club Monthly yesterday. Was due to mature 6th March but didn't want to wait in case Lloyds launch a new issue with a lower rate.

That's interesting, as the product info says: "If you close the account early, you won't be able to open another one before the first anniversary of opening the first account."

Perhaps the trick works because renewing to a different type of a/c is not classed as closure of the regular saver even though the accrued interest is paid. After I renewed to an easy saver, all my transactions to the regular saver are shown on the easy saver with the same a/c number. At this point no a/c closure has happened and no regular saver was in place hence a new regular saver can be opened. This is all allowed under the t's & c's.

I believe if you simply close the regular saver early then you cannot open another straight away.

Renewing does not trigger the early closure consequence for the regular saver. Of course, you can immediately close the a/c the regular saver has been renewed to as this no longer has any bearing on the regular saver position.

madlyn

Janie2008 said:

If anyone had opened a Principality regular saver recently as a new customer how long does the activation code usually take to come?  I'm on day 10 since opening. 

I opened mine on Thursday of last week and the code arrive on Saturday.
Have you put any money into the account?
I transfered £1 straight after opening, just as a test before I move larger amounts.

Janie2008

madlyn said:

Janie2008 said:

If anyone had opened a Principality regular saver recently as a new customer how long does the activation code usually take to come?  I'm on day 10 since opening. 

I opened mine on Thursday of last week and the code arrive on Saturday.
Have you put any money into the account?
I transfered £1 straight after opening, just as a test before I move larger amounts.

Thanks,  I've funded it. I requested a new code on Saturday and then on Sunday my letter appeared.  It must have gone to the wrong house.  The code doesn't work now so I'll have to wait for the new letter. 

Speculator

Ecology Regular Saver changes.

pokemaster

Looks like they have removed paying in monthly by direct debit though, can’t seem to see it on the Reg Saver page on their website 

ForumUser7

Anyone who is an existing customer been able to reduce the DD from £25 to £10 please? Not sure whether to try, or just leave it seeing as they no longer allow new customers to use them. Thanks

Speculator

ForumUser7 said:

Anyone who is an existing customer been able to reduce the DD from £25 to £10 please? Not sure whether to try, or just leave it seeing as they no longer allow new customers to use them. Thanks

I am probably going to leave it. 

surreysaver

Speculator said:

ForumUser7 said:

Anyone who is an existing customer been able to reduce the DD from £25 to £10 please? Not sure whether to try, or just leave it seeing as they no longer allow new customers to use them. Thanks

I am probably going to leave it. 

I'm inclined to agree. Might be more trouble than its worth 

fabsaver

The Co-operative Bank are rumoured to be launching a 7% instant access regular saver on the 22nd February, maximum £250 a month.

Source:
https://forums.moneysavingexpert.com/discussion/comment/80596326#Comment_80596326