Regular Savings Accounts: The Best Currently Available List!

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?

Special_Saver2

Hi Everybody,

Here is this weekend's update to this thread. I cannot find anything that has changed.

I will do the next update next weekend.

SS2

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For those new to this thread, the first few posts are constantly updated and are on the first page
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

veryintrigued

Special_Saver2 said:

Hi Everybody,

Here is this weekend's update to this thread. I cannot find anything that has changed.

I will do the next update next weekend.

SS2

---

For those new to this thread, the first few posts are constantly updated and are on the first page
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

Thanks for your continued work SS2 and having the patience to wade through some of the guff on here.

JamesRobinson48

Loughborough BS is finally starting to cut its RS rates, based on a letter I received today. The legacy Monthly Saver 4 account (2.00% interest) converts on 10th September to a Flexible Monthly Saver account (1.10% interest).  Related T&C changes include an increase in the monthly max, from £250 to £500, and an increase in the cumulative account max from £12k to £85k. Guess I'll cut my monthly payment to the minimum, given that NS&I offers slightly higher interest.  I've heard nothing from the Loughborough yet about my Save To Buy account which still pays 3.00%.

happybagger

Same for the old Monthly Saver (no issue number, original issue) going from 1.75 to 1.1
Looks like all these accounts are being transferred to the FMS account.

At least they're transferring the full balance over. Could be worse: could have done a Progressive and just closed the account and sent a cheque I guess

JamesRobinson48

happybagger said:

Same for the old Monthly Saver (no issue number, original issue) going from 1.75 to 1.1
Looks like all these accounts are being transferred to the FMS account.

Loughborough BS: It's unclear to me if accrued interest on the old Monthly Saver will be rolled up and credited to the new FMS account on 10 Sep, which would then become the anniversary date for everyone's 'account year'.  Or alternatively, will the next interest not be credited until the individual's original anniversary date. I guess I'll make a note to phone them on 11 Sep.

happybagger

My letter was clear: "On 10th September 2020, the balance in your current monthly saver account plus the interest accrued up to 9th September 2020, will become the starting balance of your Flexible Monthly Saver."

So it is added and the new account year starts then.