Regular Savings Accounts: The Best Currently Available List!

friolento

OneUser1 said:

Kim_13 said:

Have closed Skipton early and reopened the 7%. I need some of the money later in the month, so it just wasn’t worth the risk of leaving it to the last minute in case the account was pulled (though I suspect it might be replaced a few weeks before the first 7.5% accounts mature on 31 May.)

Were you able to do it on-line without delay? Were you able to close Issue 2 and immediately open Issue 3? 

I canceled my 7.5 one and opened the 7% one. I was unable to do it online, the "close account" was greyed out. I then tried the app, where it worked perfectly. All done & dusted in a couple of minutes, and my balance incl. interest arrived in my linked current account within an hour.

Kim_13

OneUser1 said:

Kim_13 said:

Have closed Skipton early and reopened the 7%. I need some of the money later in the month, so it just wasn’t worth the risk of leaving it to the last minute in case the account was pulled (though I suspect it might be replaced a few weeks before the first 7.5% accounts mature on 31 May.)

Were you able to do it on-line without delay? Were you able to close Issue 2 and immediately open Issue 3? 

I was able to do it immediately on the app. A few posters made the switch earlier in the week to shift interest into 25/26, and someone mentioned only being able to do it online, so that was the first thing I tried, but I couldn’t find the option on the website.

When helping someone set up a Skipton ISA at the weekend, I discovered that they don’t allow withdrawals on the weekend, even if they are internal transfers, so I would imagine it is only possible to do it immediately on a working day. I internal transferred into my Member Bonus Saver, opened Issue 3, internal transferred £250 back into Issue 3 then withdrew the interest to my current account - even that hit my account in under half an hour. 

Special_Saver2

Hi Folks,

Apologies that I have been away for a bit longer than expected. I have just updated the first page of this thread.

- Stafford Railway BS Regular Saver (Issue 1) minimum payment updated to £25 per month

- Leeds BS Regular Saver (Issue 51) replaces previous issues, paying the same 5.25%, same account details as previous issues but this one is maturing 31st March 2026

- Coventry BS Loyalty Regular Saver (Issue 2) added paying 6.75% gross p.a. variable on up to £250 per month for 1 year for existing members (have held or been linked to a savings or mortgage account with Coventry Building Society, ITL or Godiva continuously since 1 January 2023 or earlier), if you already hold the first version of this account, you cannot open this account, withdrawals before maturity incur a 30 day loss of interest (except if they have reduced the interest rate, in which case you can withdraw for free).

- Yorkshire BS First Home eSaver added paying 5% gross p.a. variable on up to £500 per month for 2 years for first time home buyers

- Gatehouse Bank Regular Saver Account (Issue 2) replaces issue 1, paying 5.3% gross p.a. variable (note this is an expected profit rate from a Sharia bank) on up to £300 per month for 12 months but no withdrawals until account maturity

- Chorley BS Regular Saver (31.03.25) replaces the 31.01.25 version, paying the same 5.15%, same account details as previous issues but this one is maturing 31st March 2025

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

Nick_C

SS2 - many thanks for the update, and good to see you back.  I was starting to worry about you. Hope all is well. 

E_zroda

Co-op RS

Is anyone here in the same position? For two months in the row funded with the max £250. But the £50 savings bonus from them for a CA switch was paid into the RS and stayed there. U think MSEs have mentioned the £50 transferrred out by Co-op, but mine seems to be sitting there , defying logic and hopefully attracting extra interest. Anyone else?

spikyone

Quick Q on the Halifax regular saver as I'm struggling to see an answer in any of the information I can find on their website. AIUI, you can pay in once per calendar month. I opened mine midway through a month, funded it with the maximum £250, and then funded it again on the 1st of each subsequent month. Effectively I had 13 payments go in, and it didn't cause a problem or get flagged as over-subscribing.

However the 12 months has just finished and my money plus interest has been moved out, so my balance is zero. I've obviously paid into the account in April. Do Halifax effectively consider it a new account now, meaning I can pay in another £250 this month? Or is it considered to be the same account and I'll have to wait until May? I assume it's the latter.
The only way to ask them appears to be phoning them and I really don't want to waste half an hour of my life on the phone. Their "online chat" just seems to be a bot that can only answer simple questions.

friolento

E_zroda said:

Co-op RS

Is anyone here in the same position? For two months in the row funded with the max £250. But the £50 savings bonus from them for a CA switch was paid into the RS and stayed there. U think MSEs have mentioned the £50 transferrred out by Co-op, but mine seems to be sitting there , defying logic and hopefully attracting extra interest. Anyone else?

My £50 was also paid into the RS, making the total contribution £300. After a few days, they moved the entire £300 into my current account. I noticed this by pure cincidence, they never notified me. I then moved £250 back, and they stayed in there. I would recommend you keep an eye on it. You could also just move the £50 out to another interest bearing account - saves you from checking whether your COOP RS is still ok.

E_zroda

spikyone said:

Quick Q on the Halifax regular saver as I'm struggling to see an answer in any of the information I can find on their website. AIUI, you can pay in once per calendar month. I opened mine midway through a month, funded it with the maximum £250, and then funded it again on the 1st of each subsequent month. Effectively I had 13 payments go in, and it didn't cause a problem or get flagged as over-subscribing.

However the 12 months has just finished and my money plus interest has been moved out, so my balance is zero. I've obviously paid into the account in April. Do Halifax effectively consider it a new account now, meaning I can pay in another £250 this month? Or is it considered to be the same account and I'll have to wait until May? I assume it's the latter.
The only way to ask them appears to be phoning them and I really don't want to waste half an hour of my life on the phone. Their "online chat" just seems to be a bot that can only answer simple questions.

Not sure about Halifax one but I have successfully dealt with some other bots by typing 'Go away' every time when prompted for input

friolento

spikyone said:

Quick Q on the Halifax regular saver as I'm struggling to see an answer in any of the information I can find on their website. AIUI, you can pay in once per calendar month. I opened mine midway through a month, funded it with the maximum £250, and then funded it again on the 1st of each subsequent month. Effectively I had 13 payments go in, and it didn't cause a problem or get flagged as over-subscribing.

However the 12 months has just finished and my money plus interest has been moved out, so my balance is zero. I've obviously paid into the account in April. Do Halifax effectively consider it a new account now, meaning I can pay in another £250 this month? Or is it considered to be the same account and I'll have to wait until May? I assume it's the latter.
The only way to ask them appears to be phoning them and I really don't want to waste half an hour of my life on the phone. Their "online chat" just seems to be a bot that can only answer simple questions.

You can 'renew' your existing, zero balance, account into a normal savings account. This closes the RS. You may have to log out and in again to see the finished result. You can then open a new one and deposit staright away.

Note that Halifax RS will not tell you that this can be done. I wouldn't even bother contacting them over this.

spikyone

friolento said:

spikyone said:

Quick Q on the Halifax regular saver as I'm struggling to see an answer in any of the information I can find on their website. AIUI, you can pay in once per calendar month. I opened mine midway through a month, funded it with the maximum £250, and then funded it again on the 1st of each subsequent month. Effectively I had 13 payments go in, and it didn't cause a problem or get flagged as over-subscribing.

However the 12 months has just finished and my money plus interest has been moved out, so my balance is zero. I've obviously paid into the account in April. Do Halifax effectively consider it a new account now, meaning I can pay in another £250 this month? Or is it considered to be the same account and I'll have to wait until May? I assume it's the latter.
The only way to ask them appears to be phoning them and I really don't want to waste half an hour of my life on the phone. Their "online chat" just seems to be a bot that can only answer simple questions.

You can 'renew' your existing, zero balance, account into a normal savings account. This closes the RS. You may have to log out and in again to see the finished result. You can then open a new one and deposit staright away.

Note that Halifax RS will not tell you that this can be done. I wouldn't even bother contacting them over this.

friolento said:

spikyone said:

Quick Q on the Halifax regular saver as I'm struggling to see an answer in any of the information I can find on their website. AIUI, you can pay in once per calendar month. I opened mine midway through a month, funded it with the maximum £250, and then funded it again on the 1st of each subsequent month. Effectively I had 13 payments go in, and it didn't cause a problem or get flagged as over-subscribing.

However the 12 months has just finished and my money plus interest has been moved out, so my balance is zero. I've obviously paid into the account in April. Do Halifax effectively consider it a new account now, meaning I can pay in another £250 this month? Or is it considered to be the same account and I'll have to wait until May? I assume it's the latter.
The only way to ask them appears to be phoning them and I really don't want to waste half an hour of my life on the phone. Their "online chat" just seems to be a bot that can only answer simple questions.

You can 'renew' your existing, zero balance, account into a normal savings account. This closes the RS. You may have to log out and in again to see the finished result. You can then open a new one and deposit staright away.

Note that Halifax RS will not tell you that this can be done. I wouldn't even bother contacting them over this.

Genius, thanks! I hadn't even considered doing that.