Regular Savings Accounts: The Best Currently Available List!

surreysaver

csw5780 said:

surreysaver said:

subjecttocontract said:

Are you joking ?....£250 @ 5% = 3.5 pence a day x 12. = 42 pence a year.

And the current account requires £800pm funding. So the payment will be taken from this £800 coming in, as I have to log anyway in to send the surplus to the next account which requires monthly funding 

Only required for “Everyday Rewards”. 

Indeed. That's what I've got.

surreysaver

subjecttocontract said:

Are you joking ?....£250 @ 5% = 3.5 pence a day x 12. = 42 pence a year.

Multiplied by each account I would have to do that for. Some accounts require you to log in every month, so might as well do that at the same time as moving money. Plus gives an opportunity to check the account and that all is in order 

allegro120

subjecttocontract said:

Are you joking ?....£250 @ 5% = 3.5 pence a day x 12. = 42 pence a year.

It's more than 12 days, there are also weekends and bank holidays.  Unfortunately you can't set up SO for random days of the month. It may be 42p per day per account, but I have about 30 RSs so it adds up a larger amount of unnecessary loss of interest.  The only RS I feed via SO is First Direct because there is no other option.

subjecttocontract

surreysaver said:

subjecttocontract said:

Are you joking ?....£250 @ 5% = 3.5 pence a day x 12. = 42 pence a year.

Multiplied by each account I would have to do that for. Some accounts require you to log in every month, so might as well do that at the same time as moving money. Plus gives an opportunity to check the account and that all is in order 

So you weren't joking........
I've got over 20 regular savers running and none of them require me to log in every month.
My process (open account, set up S/O, forget about it until maturity) is usually quick, easy, requires no on going maintenance and allows me to continue to achieve my goal of growing old disgracefully.

surreysaver

subjecttocontract said:

surreysaver said:

subjecttocontract said:

Are you joking ?....£250 @ 5% = 3.5 pence a day x 12. = 42 pence a year.

Multiplied by each account I would have to do that for. Some accounts require you to log in every month, so might as well do that at the same time as moving money. Plus gives an opportunity to check the account and that all is in order 

So you weren't joking........
I've got over 20 regular savers running and none of them require me to log in every month.
My process (open account, set up S/O, forget about it until maturity) is usually quick, easy, requires no on going maintenance and allows me to continue to achieve my goal of growing old disgracefully.

NatWest and RBS apps both require me to log in once a month for the Rewards. The Co-Op funnily enough is also one of the accounts I need to log in once a month for the rewards. I think Halifax is another one. Plus there's others which I cannot remember off the top of my head.
So a couple of seconds once a month to transfer the money to the Regular Saver is no hardship 

HHUK

subjecttocontract said:

I don't understand why you have a problem. Did you not set up a S/O when you opened the regular saver account ?

I don't believe I said I had a problem. In fact I said I was sure it would all sort itself out in the next few days.

I did set up a standing order for a token monthly amount when opening the account, which is my usual modus operandi depending on the circumstances. I then decide each month whether or not to top that amount up within the limits applicable to the account. No doubt the first payment and account details will appear in the app and online within the next few days.

Thomas_Crown

surreysaver said:

csw5780 said:

surreysaver said:

subjecttocontract said:

Are you joking ?....£250 @ 5% = 3.5 pence a day x 12. = 42 pence a year.

And the current account requires £800pm funding. So the payment will be taken from this £800 coming in, as I have to log anyway in to send the surplus to the next account which requires monthly funding 

Only required for “Everyday Rewards”. 

Indeed. That's what I've got.

Many people will have an Everyday current account without ''Rewards''. Therefore, no £800 per month funding required. You had me worried for a minute, because I haven't been paying in £800 pm.

Special_Saver2

Hi Everybody,

I have just updated the first page of this thread.

- Leeds BS Regular Saver (Issue 49) updated with the same details as issue 48 except for a maturity date of 1st February 2026 with issue 49

- West Brom BS Fixed Rate Regular Saver (Issue 7) entry updated to show that it can now be opened online if you are an existing customer or live in one of their branch postcode areas (B, DY, WV, WS and SY)

- Yorkshire BS Christmas Regular Saver 2024 and Regular eSaver 2024 entry removed as accounts no longer available

- Kent Reliance Regular Savings Account (Issue 12) updated from issue 11 paying slightly more (5.1% instead of 5% with issue 10), otherwise same details as before including still branch only for opening and operating the account

- Yorkshire BS Loyalty Regular e-Saver Account added paying 5.75% on up to £250 per month for 12 months for existing customers (for at least 12 months) and there is a branch based equivalent too

- Co-operative Bank Regular Saver paying 7% gross p.a. variable on up to £250 per month for 12 months but you must have a Co-operative Bank current account. To keep the account open, you must pay in at least £1 within 30 days of it being opened. The 12 month term will start from the date they accept your first deposit.

I will do the next update within the next 2 weeks.

SS2

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

surreysaver

Thomas_Crown said:

surreysaver said:

csw5780 said:

surreysaver said:

subjecttocontract said:

Are you joking ?....£250 @ 5% = 3.5 pence a day x 12. = 42 pence a year.

And the current account requires £800pm funding. So the payment will be taken from this £800 coming in, as I have to log anyway in to send the surplus to the next account which requires monthly funding 

Only required for “Everyday Rewards”. 

Indeed. That's what I've got.

Many people will have an Everyday current account without ''Rewards''. Therefore, no £800 per month funding required. You had me worried for a minute, because I haven't been paying in £800 pm.

And many people will have an Everyday currently account with Rewards 

MrsCautious

Special_Saver2 said:

Hi Everybody,

I have just updated the first page of this thread.

SS2

---

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

Hi, thank you for the meticulous work that must help so many. I have applied for the Staffordshire Building Society saver account at the top of the list and it now says the maximum deposit is £500 rather than £1,000 when you go to the actual application as opposed to the general website information. The website has been updated to £25 as opposed to £20 for minimum deposit.