Regular Savings Accounts: The Best Currently Available List!

RG2015

polymaff said:

polymaff said:

liamcov said:

polymaff said:

typistretired said:

NS&I bond is suddenly looking okay. Still have 2 Mons BS paying 1.20%

1.2%, easy access, is not too difficult to find at present, but how long they and the NS&I income bonds will hold the current rates - who knows?

I thought NS&I would be increasing their rates as govt have raised their target to about £35 billion.

NS&I announced rate cuts. Then Rishi's plans were announced and NS&I withdrew their planned changes.

Just found the details. NS&I Income Bonds WERE going to drop from 1.15% to 0.45%

https://www.moneysavingexpert.com/news/2020/04/ns-i-cancels-planned-premium-bond-rate-cut-/

You're just checking that we are still reading your posts. 

It was going to drop to 0.70% not 0.45%. This is a reduction of 0.45% not to 0.45%

I found this out on your very helpful link, although I knew it already from reading the NS&I message in February (see the link below).

https://nsandi-corporate.com/news-research/news/nsi-announces-reduction-interest-rates

polymaff

crumpet_man said:

polymaff said:

RG2015 said:

castle96 said:

where please (for new a/cs)

There is no easy access 1.20% savings account currently available.

Who said there was?

You did.

So quote me.

polymaff

RG2015 said:

My fault for quoting an MSE article where it clearly states that "Income Bonds ... Planned rate reduction ... 0.7%"

The original point stands, though.

karlie88

It's worth noting that Furness BS are still offering a 3 year regular saver at 1.4% variable, £250/month. Appreciate this may not be enough to fit SS2's criteria in the opening post but thought it's still worth a mention given the derisory rates across the board. The 1.4% has remained the same during the pandemic and their branch only reg saver, which launched back in Jan 2020 (closed issue now), is still paying 2.5% variable - make of that what you will.

Postal applications allowed but need to send certified copies of ID. Some Post Offices certify documents - 3 docs for £13 if I recall correctly.

https://www.furnessbs.co.uk/savings/products/regular-saver/

SFindlay

polymaff said:
1.2%, easy access, is not too difficult to find at present, but how long they and the NS&I income bonds will hold the current rates - who knows?

As requested. 

crumpet_man

I am predicting pedantry:
"ah but I didn't specify SAVINGS account"

liamcov

Yes this comment has nothing to do with Regular Savers but I'm going to post it anyway... Can everyone just be nice and not so sniping

Fingerbobs

My Halifax RS matured earlier this week, balance transferred out to my Instant Saver as normal, and next £250 payment deferred to the day following maturity went in. However, I notice the interest rate on the account is still showing as 1.50%. 

adindas

polymaff said:

harz99 said:

A near 0% rate was bound to happen sooner or later, the economy needs us to spend our cash now, not save. 

You're behind the times. A 0.00% savings account has been around for some time. ...

https://www.thevernon.co.uk/savings/instant_access_account

And I wonder what kind of customers will attract 0% interest saving, where there are tons of current accounts which offer much benefit for your day to day banking that you coud not get it with saving AC ? Th things like  FPI/FPO. debit card for ATM  withdrawal online.contactless payment, SO and DD set up?

polymaff

@adindas:

Agreed.

Just a sign of the new order, where the old order of classes of deposit - including regular savers - gets jumbled up in unexpected ways.

Ten or so years ago the order here, best to worse returns, was regular savings, access savings, bank account.  And today?