Regular Savings Accounts: The Best Currently Available List!

colsten

EdGasketTheSecond said:

If you want total safety then National Savings every time.

Why can Marcus offer above normal savings accounts rates? Reminds me of Kaupthing and Icesave when everyone was saying to open accounts with them. I never did but know a lot of people who lost money doing so.

If you watch that link I posted it will explain how Marcus is offering above mormal interest rates and then you can understand the risks.

Marcus has nothing at all to do with Regular Savings Accounts, which this thread is about. Regular Savings Accounts are a special type of savings accounts, usually 12-months duration, often fixed rate, mostly no withdrawals before maturity, and always low maximum monthly deposit amounts. Marcus only offer an instant access savings account, where the interest rate is variable, the term isn't fixed, unlimited numbers of withdrawals can be made at any time, and the deposit limit is £1m or even higher. 

Please start a new thread if you wish to discuss the Marcus rates.

Steve_xx

EdGasketTheSecond said:

If you want total safety then National Savings every time.

Why can Marcus offer above normal savings accounts rates? Reminds me of Kaupthing and Icesave when everyone was saying to open accounts with them. I never did but know a lot of people who lost money doing so.

If you watch that link I posted it will explain how Marcus is offering above mormal interest rates and then you can understand the risks.

People who had monies in both Kaupthing and Icesave were compensated by the UK government. Who that you knew lost their money?
With Marcus your savings are protected by the FSCS upto £85000. So what risk do you feel that there is. For sums deposited with Marcus below this amount?

EdGasketTheSecond

Business accounts with Kaupthing had no protection. Offshore accounts had limited protection.

In a melt-down, 'protection' might not work; have you watched the video; that will explain it.

JamesRobinson48

Chorley BS has pulled its RS products (paying 2.50% or 2.25%) today, without apparent replacement just now.

JamesRobinson48

Earl Shilton BS's website indicates that currently no savings accounts can be opened:  including their RS (paying 2.00%, being reduced to 1.85%).

dcs34

Saffron and Coventry 2.5%s still available...

Fingerbobs

MaxZorin said:

Ipswich Building Society’s Smart Save Issue 2 regular saver has closed. 

And it's not clear to me what happens at the Anniversary date for existing accounts. Can we continue paying in in the next year for another bonus as normal, or will the bonus be withdrawn for existing accounts?

MaxZorin

From what I remember, the bonus ceases (2.5%) and it reverts to the variable rate of 0.3%.  

bristolleedsfan

Y.B.S Monthly Regular Saver Issue 3 down to 1.6% from 5th April, email received with link to new rates

apt

Y.B.S Regular Saver Issue 2 is 2.0%.