Regular Savings Accounts: The Best Currently Available List!

allegro120

Profiterole said:

Probably nothing but First Direct seem to be stalling me opening a new Regular Saver after my previous one matured earlier this month. They claim to be inundated with Applications, which I expect they are, but beginning to wonder if they are thinking about lowering the 7% rate....... Like I said probably nothing but thought it might be worth mentioning.

I'm sure they will lower it at some point, but I will be surprised if the drop will be dramatic. I've opened this account in November 2010, I think it was the first time FD launched RS and it paid 8%. It was later reduced to 6%, which was still the top rate at the time.  Since then, with an exception of a short period when base rate was at the very bottom and there were talks about negative rates, FD RS consistently offered very competitive rates.

ForumUser7

Bridlington1 said:

ForumUser7 said:

Can anyone remember the security question options please? I took screenshots of my responses, but they seem to be blank and I can’t remember the third question I selected

They should be any combination of these:

Fantastic - thank you very very much

silvercar

OH has just checked the interest on his NatWest savings builder, that is meant to pay 5.25% on balances £1-10k and 2.25% on balances over £10k provided you top up at least £50 a month. He has a standing order transferring £100 a month to satisfy the latter point. It appears that they are paying 2.4% on the lot without tierring the interest rate. His balance is around £15k. His monthly interest payments are around £29 a month. Calculations suggest it should be double that.

https://www.natwestinternational.com/savings/savings-builder.html#interest-rates

It looks like the account is showing a lower interest rate here: https://www.natwest.com/savings/manage-your-savings/Interest-Rates-FCA.html

LZC

Vortigern said:

TheBanker said:

I have a question about the First Direct regular saver.

It says that if you haven't paid in the maximum £300 per month, you can make up the missed payments. But how do you actually do this, there's no option to make an ad-hoc transfer. I reduced my SO to £25 in January as I was a bit short. The SO is now back to £300 but I would like to pay in the missed £550 (Jan and Feb underpayments of £275 each). But can't see how to do this?

The only way to do it is to call them. They won't take an ad-hoc payment, but they will adjust your next standing order(s). Last time I did this, I had started at £25 per month for 5 months, added a large payment of £1675 to make up the deficit, then continued at £300/month for the rest of the term.  All the payments were taken by standing order on the usual date each month.

You don’t have to call and can do it via chat if you prefer. 

ForumUser7

jameseonline said:

Bridlington1 said:

jameseonline said:

Bridlington1 said:

jameseonline said:

Bridlington1 said:

According to Moneyfacts Gatehouse RS Issue 2 will be launched at 5.3% tomorrow, replacing Issue 1 at 7% Gatehouse's website already lists Issue 2 as being available but when logging into online banking it seems you can still apply for Issue 1 at 7% so for those interested in this account I'd suggest moving quick.

The terms for Issue 2 seem to be the same as issue 1 but with a lower interest rate, (£300/mth max, no withdrawals/closure permitted unless they reduce the expected profit rate).

Seems I've missed out as not already a Gatehouse customer, 5.3% better than some regular savers but obviously many above that rate.

It may still be possible for you to open a 7% RS. There's a couple of possible options that I can see possibly working:

Firstly if my memory serves me well when I applied for my first Gatehouse account I gained online access the same day. You could apply for a different savings account, get access to online banking and then apply for the 7% RS from there. You could then just fund RS, and let the other account close due to it not receiving funding.

Secondly there's the other option of using the old application link for the 7% RS as a new customer, which can be either correctly guessed or looked up on the wayback machine. The old link still seems to be live at first glance, I already have the account so can't check myself:
https://gatehousebanksavings.com/ApplyOnline/ApplicationForm.aspx?ProductId=GATREG1

I did think about workarounds, is that gatehouse link supposed to start at step 2?

It seems to start at step 1 for me:

I used my phone it came up as step 2, had same boxes though, given it a go anyway, says they sending a welcome pack out

I got step 1, but the same message at the end. Did you get a confirmation email or anything please? I didn’t.

jameseonline

ForumUser7 said:

jameseonline said:

Bridlington1 said:

jameseonline said:

Bridlington1 said:

jameseonline said:

Bridlington1 said:

According to Moneyfacts Gatehouse RS Issue 2 will be launched at 5.3% tomorrow, replacing Issue 1 at 7% Gatehouse's website already lists Issue 2 as being available but when logging into online banking it seems you can still apply for Issue 1 at 7% so for those interested in this account I'd suggest moving quick.

The terms for Issue 2 seem to be the same as issue 1 but with a lower interest rate, (£300/mth max, no withdrawals/closure permitted unless they reduce the expected profit rate).

Seems I've missed out as not already a Gatehouse customer, 5.3% better than some regular savers but obviously many above that rate.

It may still be possible for you to open a 7% RS. There's a couple of possible options that I can see possibly working:

Firstly if my memory serves me well when I applied for my first Gatehouse account I gained online access the same day. You could apply for a different savings account, get access to online banking and then apply for the 7% RS from there. You could then just fund RS, and let the other account close due to it not receiving funding.

Secondly there's the other option of using the old application link for the 7% RS as a new customer, which can be either correctly guessed or looked up on the wayback machine. The old link still seems to be live at first glance, I already have the account so can't check myself:
https://gatehousebanksavings.com/ApplyOnline/ApplicationForm.aspx?ProductId=GATREG1

I did think about workarounds, is that gatehouse link supposed to start at step 2?

It seems to start at step 1 for me:

I used my phone it came up as step 2, had same boxes though, given it a go anyway, says they sending a welcome pack out

I got step 1, but the same message at the end. Did you get a confirmation email or anything please? I didn’t.

I completed the application process, got a reference number, account number, sort code, email confirmation 

RG2015

silvercar said:

OH has just checked the interest on his NatWest savings builder, that is meant to pay 5.25% on balances £1-10k and 2.25% on balances over £10k provided you top up at least £50 a month. He has a standing order transferring £100 a month to satisfy the latter point. It appears that they are paying 2.4% on the lot without tierring the interest rate. His balance is around £15k. His monthly interest payments are around £29 a month. Calculations suggest it should be double that.

https://www.natwestinternational.com/savings/savings-builder.html#interest-rates

It looks like the account is showing a lower interest rate here: https://www.natwest.com/savings/manage-your-savings/Interest-Rates-FCA.html

The 5.25% savings builder is on NatWest International. Does your OH have a NatWest International bank account?

The domestic savings builder at 2.70% changed a while back and now no longer requires any monthly increase. As such it is no longer a regular saver and just an easy access saver.

ForumUser7

jameseonline said:

ForumUser7 said:

jameseonline said:

Bridlington1 said:

jameseonline said:

Bridlington1 said:

jameseonline said:

Bridlington1 said:

According to Moneyfacts Gatehouse RS Issue 2 will be launched at 5.3% tomorrow, replacing Issue 1 at 7% Gatehouse's website already lists Issue 2 as being available but when logging into online banking it seems you can still apply for Issue 1 at 7% so for those interested in this account I'd suggest moving quick.

The terms for Issue 2 seem to be the same as issue 1 but with a lower interest rate, (£300/mth max, no withdrawals/closure permitted unless they reduce the expected profit rate).

Seems I've missed out as not already a Gatehouse customer, 5.3% better than some regular savers but obviously many above that rate.

It may still be possible for you to open a 7% RS. There's a couple of possible options that I can see possibly working:

Firstly if my memory serves me well when I applied for my first Gatehouse account I gained online access the same day. You could apply for a different savings account, get access to online banking and then apply for the 7% RS from there. You could then just fund RS, and let the other account close due to it not receiving funding.

Secondly there's the other option of using the old application link for the 7% RS as a new customer, which can be either correctly guessed or looked up on the wayback machine. The old link still seems to be live at first glance, I already have the account so can't check myself:
https://gatehousebanksavings.com/ApplyOnline/ApplicationForm.aspx?ProductId=GATREG1

I did think about workarounds, is that gatehouse link supposed to start at step 2?

It seems to start at step 1 for me:

I used my phone it came up as step 2, had same boxes though, given it a go anyway, says they sending a welcome pack out

I got step 1, but the same message at the end. Did you get a confirmation email or anything please? I didn’t.

I completed the application process, got a reference number, account number, sort code, email confirmation 

Ah, I got the first three but no email. Guess I should call them

Murielson

Coventry BS 6.75% (variable) Loyalty Regular Saver email received yesterday, details in image

Bridlington1

Murielson said:

Coventry BS 6.75% (variable) Loyalty Regular Saver email received yesterday, details in image

Was first mentioned by @Kazza242 in this thread on 15/3/24.