Regular Savings Accounts: The Best Currently Available List!

subjecttocontract

Bridlington1 said:

Usual Drill: Leeds BS Regular Saver (Issue 50) now NLA, replaced by Issue 51 at the same rate with a new maturity date of 31/3/26. 

Where's the attraction ?
There are better regular saver rates available and it's variable, there are fixed rates out there.

Wheres_My_Cashback

subjecttocontract said:

Bridlington1 said:

Usual Drill: Leeds BS Regular Saver (Issue 50) now NLA, replaced by Issue 51 at the same rate with a new maturity date of 31/3/26. 

Where's the attraction ?
There are better regular saver rates available and it's variable, there are fixed rates out there.

Yes there are many, but I believe it's posted to keep page 1 updated with the latest account as it's falls within the criteria.

subjecttocontract

Wheres_My_Cashback said:

subjecttocontract said:

Bridlington1 said:

Usual Drill: Leeds BS Regular Saver (Issue 50) now NLA, replaced by Issue 51 at the same rate with a new maturity date of 31/3/26. 

Where's the attraction ?
There are better regular saver rates available and it's variable, there are fixed rates out there.

Yes there are many, but I believe it's posted to keep page 1 updated with the latest account as it's falls within the criteria.

Oh ok......It's just that the thread is headed 'reg savers....the best currently available', and this just isnt.

Wheres_My_Cashback

subjecttocontract said:

Wheres_My_Cashback said:

subjecttocontract said:

Bridlington1 said:

Usual Drill: Leeds BS Regular Saver (Issue 50) now NLA, replaced by Issue 51 at the same rate with a new maturity date of 31/3/26. 

Where's the attraction ?
There are better regular saver rates available and it's variable, there are fixed rates out there.

Yes there are many, but I believe it's posted to keep page 1 updated with the latest account as it's falls within the criteria.

Oh ok......It's just that the thread is headed 'reg savers....the best currently available', and this just isnt.

5.25% still sits above EA so if you've exhausted all accounts above that, it's still an attractive proposition, especially considering EA rates are falling quicker than RS.
5.25% accounts are going to get even more attractive in the current climate, hence I've kept many older ones in the background ready to be used again.

jameseonline

Bridlington1 said:

Usual Drill: Leeds BS Regular Saver (Issue 50) now NLA, replaced by Issue 51 at the same rate with a new maturity date of 31/3/26. 

That's standard Leeds I think yeah?

jameseonline

Wheres_My_Cashback said:

subjecttocontract said:

Wheres_My_Cashback said:

subjecttocontract said:

Bridlington1 said:

Usual Drill: Leeds BS Regular Saver (Issue 50) now NLA, replaced by Issue 51 at the same rate with a new maturity date of 31/3/26. 

Where's the attraction ?
There are better regular saver rates available and it's variable, there are fixed rates out there.

Yes there are many, but I believe it's posted to keep page 1 updated with the latest account as it's falls within the criteria.

Oh ok......It's just that the thread is headed 'reg savers....the best currently available', and this just isnt.

5.25% still sits above EA so if you've exhausted all accounts above that, it's still an attractive proposition, especially considering EA rates are falling quicker than RS.
5.25% accounts are going to get even more attractive in the current climate, hence I've kept many older ones in the background ready to be used again.

Completely agree with you.

5.25% is my minimum for Regulars but aim to get higher.

On another note I don't understand why MSE features 5% Regular Savings from HSBC & Santander still but that's a me issue and everyone else understands right? 😏

JamesRobinson48

jameseonline said:

5.25% is my minimum for Regulars but aim to get higher.

On another note I don't understand why MSE features 5% Regular Savings from HSBC & Santander still but that's a me issue and everyone else understands right? 😏

IMHO the 5% RS from HSBC & Santander do belong on our list, just because they are fixed rates. I am aware that 5% is not a market leading rate for a one year fixed rate bond. But in the case of an RS account, once you've opened it, each month during the account year you can decide to either pay into it (e.g. if rates elsewhere have dropped) or not pay in (e.g. if rates elsewhere have risen). I feel that optionality has some value, which makes a 5% fixed RS worth considering if you've already got the available higher paying RS products. I think that nuance would be familiar to many on here.

simonsmithsays

JamesRobinson48 said:

jameseonline said:

5.25% is my minimum for Regulars but aim to get higher.

On another note I don't understand why MSE features 5% Regular Savings from HSBC & Santander still but that's a me issue and everyone else understands right? 😏

IMHO the 5% RS from HSBC & Santander do belong on our list, just because they are fixed rates. I am aware that 5% is not a market leading rate for a one year fixed rate bond. But in the case of an RS account, once you've opened it, each month during the account year you can decide to either pay into it (e.g. if rates elsewhere have dropped) or not pay in (e.g. if rates elsewhere have risen). I feel that optionality has some value, which makes a 5% fixed RS worth considering if you've already got the available higher paying RS products. I think that nuance would be familiar to many on here.

I agree with this but the Santander is even more compelling as you can open with a £1 and don't have to make any monthly contributions (unless the fixed rate becomes competitive).

The HSBC requires a £25 per month contribution 

subjecttocontract

I see now that you are right and I have learned a valuable lesson. Even those reg saver accounts paying as little as 5%, provided they are fixed, are worth opening in a falling market. However I'm not convinced those with low variable rates are worth it for me.

Bridlington1

jameseonline said:

Wheres_My_Cashback said:

subjecttocontract said:

Wheres_My_Cashback said:

subjecttocontract said:

Bridlington1 said:

Usual Drill: Leeds BS Regular Saver (Issue 50) now NLA, replaced by Issue 51 at the same rate with a new maturity date of 31/3/26. 

Where's the attraction ?
There are better regular saver rates available and it's variable, there are fixed rates out there.

Yes there are many, but I believe it's posted to keep page 1 updated with the latest account as it's falls within the criteria.

Oh ok......It's just that the thread is headed 'reg savers....the best currently available', and this just isnt.

5.25% still sits above EA so if you've exhausted all accounts above that, it's still an attractive proposition, especially considering EA rates are falling quicker than RS.
5.25% accounts are going to get even more attractive in the current climate, hence I've kept many older ones in the background ready to be used again.

Completely agree with you.

5.25% is my minimum for Regulars but aim to get higher.

On another note I don't understand why MSE features 5% Regular Savings from HSBC & Santander still but that's a me issue and everyone else understands right? 😏

I've also kept most of my 5.25% regular savers going plus some, such as SRBS, Leeds HDS etc that are below 5.25%, especially those that have no specified account end date.

There's a few I plan to ``refresh" in April though, mainly those that I only have the minimum balance in (if they're still available), so that I have the option to push the payment of interest into the 2025-26 tax year if necessary though.

With regards to your last point I suspect MSE features Santander & HSBC in part due to the fact that they seem to favour showing accounts offered by the more widely known banks/building societies rather than lesser known ones.