Regular Savings Accounts: The Best Currently Available List!

Speculator

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.

Kim_13

May is also my first, then at least one a month until January excluding July. That’s assuming that Skipton actually matures on 31st May as stated in the app (I opened it on 1 June, and as I didn’t have Issue 1, I’m not sure how it works with them.) Might as well call March Nationwide Start To Save Issue 2 maturity, after the final draw this month (though I think you could actually withdraw this month without losing anything.)

I hope to get to one a month going forward, and not the end of one month beginning of the next setup I have at the moment. Not great for redistributing funds that way. If I stick to one a month + open ended products, things feel like they’ll be simpler.

ForumUser7

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.

Considered doing that myself but unsure if it is worth the risk with Lloyds not permitting this per the ts and cs (though the IT allows it). I've got to wait slightly longer than 6th March.

PowerSavingMode

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."

WillPS

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.

Nick_C

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."

See https://forums.moneysavingexpert.com/discussion/6428126/lloyds-bank-of-scotland-halifax-regular-monthly-saver-limits/p1

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.