Regular Savings Accounts: The Best Currently Available List!

Middle_of_the_Road

MrsCautious said:

Thank you @Middle_of_the_Road and @PRAISETHESUN - for taking the time to explain these details to me and for clarifying where I have got my wires crossed a little. I am at several RS accounts and am not sure how much enthusiasm I can muster for more, then I think ah but this is one hour's work for £x after tax and get tempted again. 

Yes, they do tend to multiply, and I was feeling the same. Currently have around 16 having just opened the latest YBS loyalty reg,saver. It's hard to refuse opportunities to have high interest accounts for little extra effort.

pecunianonolet

Cashminder with Coop opened yesterday, email received account is approved yesterday evening. Applied for the reg saver after lunch today, received an email 1h later that application is declined because I don't have an eligible account. 

Guess I'll have to wait until next week or risk it now to wait until early March so interest drops into 25/26. Let's hope the account is on the market for a bit longer and not just 5 days like the switch offer.

AmityNeon

nomorekids said:

AmityNeon said:

myth123 said:

Stargunner said:

Bridlington1 said:

Co-op Regular Saver has been launched at 7% as advertised:
https://www.co-operativebank.co.uk/products/savings/regular-saver/

• Have the account for a 12 month term – the 12 months will start from the date we accept your first deposit

This could be useful for some that want to delay the end date, as you have up to 30 days from account  opening to make your first deposit.

This is good to know, ideally I want to push the end date into the next tax year.

7th March at the earliest, or 8th March if you want to be safe (which would also align with interest being paid on Monday 7th April 2025, the first day that interest can be received in the new tax year).

Confused. Please can you explain because this scenario would make it a 13 month account?, I also would like to push the interest into 25/26

The 12-month term starts from the date of the first deposit. You want to delay interest until the 25/26 tax year, but you should open the account as soon as possible to avoid the product/rate being withdrawn.

8th March 2024: Open the account
7th April 2024 (30 days later): First deposit
7th April 2025: Interest is paid (covering 7th April 2024 to 6th April 2025)

Speculator

pecunianonolet said:

Cashminder with Coop opened yesterday, email received account is approved yesterday evening. Applied for the reg saver after lunch today, received an email 1h later that application is declined because I don't have an eligible account. 

Guess I'll have to wait until next week or risk it now to wait until early March so interest drops into 25/26. Let's hope the account is on the market for a bit longer and not just 5 days like the switch offer.

Cashminder opened 11.30am today and approved "subject to a few formalities" at 15:08.

I assume I would need to be issued with an account number before I can open the 7% regular saver.

castle96

castle96 said:

Has the Skipton 7% fixed gone ?

I still see it available in the app.

https://secure.skipton.co.uk/portal/#  I have this 7.5% on PC for some months. Still cant find 7%! Can you have both? Got a link pl    TIA

Speculator

castle96 said:

castle96 said:

Has the Skipton 7% fixed gone ?

I still see it available in the app.

https://secure.skipton.co.uk/portal/#  I have this 7.5% on PC for some months. Still cant find 7%! Can you have both? Got a link pl    TIA

Might be worth closing existing 7.5% and open the 7% regular

Bridlington1

OneUser1 said:

What’s the general feeling regarding existing Nationwide Start to Save Issue 2 accounts now the prize draw is presumably finished. Are people closing theirs? Reducing the balance to the minimum but keeping it alive? Or did everyone other than me get in so early their two years are already up?

I'm keeping mine alive and fully funded for now since the interest rate is still high enough for me to warrant funding it. I will probably give the account the chop in April though.

This isn't specific to this account though, I'm finishing Uni this year so the era of me not having to worry about being taxed on savings interest looks as though it could come to an end soon (depending on how things pan out with getting a job after uni and how much I have left over from a likely property purchase this year) so this will likely inflict some serious damage to my regular saver collection as I will be wanting to ensure a decent chunk of my interest from regular savers is paid this tax year, particularly for the lower paying accounts and ones that are due to mature fairly early on in the next tax year anyway.

allegro120

Hattie627 said:

OneUser1 said:

What’s the general feeling regarding existing Nationwide Start to Save Issue 2 accounts now the prize draw is presumably finished. Are people closing theirs? Reducing the balance to the minimum but keeping it alive? Or did everyone other than me get in so early their two years are already up?

Mine doesn't finish its 2 year stint until June. I'd be interested in thoughts on this, too.
Has anyone heard that they won in the Feb draw? Does no notification so far mean hard luck?

Mine is to mature in August this year.  I keep feeding it, 5.5% is OK rate.  I didn't open it for prize draw, I never win anything , but because the rate was very good at the time of opening and keep it opened because the rate is consistently competitive.

castle96

Speculator said:

castle96 said:

castle96 said:

Has the Skipton 7% fixed gone ?

I still see it available in the app.

https://secure.skipton.co.uk/portal/#  I have this 7.5% on PC for some months. Still cant find 7%! Can you have both? Got a link pl    TIA

Might be worth closing existing 7.5% and open the 7% regular

But I cannot find it listed under "open new a/c" Any link pl

simonsmithsays

Bridlington1 said:

OneUser1 said:

What’s the general feeling regarding existing Nationwide Start to Save Issue 2 accounts now the prize draw is presumably finished. Are people closing theirs? Reducing the balance to the minimum but keeping it alive? Or did everyone other than me get in so early their two years are already up?

I'm keeping mine alive and fully funded for now since the interest rate is still high enough for me to warrant funding it. I will probably give the account the chop in April though.

This isn't specific to this account though, I'm finishing Uni this year so the era of me not having to worry about being taxed on savings interest looks as though it could come to an end soon (depending on how things pan out with getting a job after uni and how much I have left over from a likely property purchase this year) so this will likely inflict some serious damage to my regular saver collection as I will be wanting to ensure a decent chunk of my interest from regular savers is paid this tax year, particularly for the lower paying accounts and ones that are due to mature fairly early on in the next tax year anyway.

Please ensure you get a job that fits around how helpful you are on here.

It's appreciated 👍

Obviously good luck in the search - you're clearly very capable so won't struggle.