Regular Savings Accounts: The Best Currently Available List!

WillPS

allegro120 said:

ThePirates said:

WillPS said:

ThePirates said:

Trying to open a Halifax Regular Saver 5.5% from the link on the front page but my application always 'Something has gone wrong with your application. Please visit one of our branches to apply for this account.'
Does anyone know if this account is still available?
https://www.halifax.co.uk/savings/fixed-term/regular-saver.html

Try logging in, either to the app or online banking, then launch your application from there.

I'm not an existing customer, used the New to Halifax link...

You don't have to be an existing customer to open this account.  It is more likely to be a glitch.  Try again later and it will probably work or you can open it by calling them.  I don't think visiting branch is necessary unless they have problems with ID or something like this.

As posted above, there seems to be issues opening savings accounts with with Halifax and Bank of Scotland if you have a current account with the other brand, but not the one you're applying with. The workaround I used to make it work in the end was to open a Bank of Scotland Current Account, from which I could then apply for the savings account I wanted (even though I can see all my Halifax/Bank of Scotland accounts from either login).

brucefan_2

jameseonline said:

I thought Stafford (Railway) Building Society was only available to certain people, don't they put it as private individuals or something?.🤔

I'm sure MSE featured it very briefly and then took it off.

Think it might have been (or still is) postcode restricted too

I haven't checked their website for a while now to check the current regulations. In the past some accounts have been postcode restricted, others not.

I was able to open a Regular Saver with them last year and I am well beyond their postcode.

The application process was very straightforward and everything went smoothly, including the delivery of a very quaint passbook, which I haven't looked at since. 

There's no app but all account operations can be viewed online.

Kim_13

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.)

francoghezzi

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.)

Sorry for my stupid question. So we can close the 7% saver after 4 months and reopen it immediately? I didn't follow the discussion hence my question

friolento

francoghezzi 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.)

Sorry for my stupid question. So we can close the 7% saver after 4 months and reopen it immediately? I didn't follow the discussion hence my question

@Kim_13 has just done. Not likely that Skipton will by now have changed their T&Cs and their systems to disallow this.

OneUser1

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? 

fun4everyone

fun4everyone said:

granta said:

I had a similar situation in that my online application was never recognised. I tried 3 times and each time got a holding email but no application number. I sent several secure messages but they could not trace any of the applications!

In the end, they offered me a telephone appointment and it was opened within 30 minutes. I had to persist with the secure messages to arrange this though as the telephone wait time was over 1 hour each time. They are still investigating the online failures. Perhaps you could if you could arrange a pre-arranged call?

This is good info thanks a lot. Does sound similar, I will try a couple more messages before doing anything. They really make it difficult to open this savings account.

Still no co-op reg saver for fun4everyone a week after this post and three weeks after applying Since applying they have 1) Just ignored the application until I called in weeks later 2) Told me on the phone my application had been accepted and would appear in online banking soon 3)Nothing happened after that 4)Sent me a letter in the post saying I had to send them my ID as they need it "before they could welcome me to the co-op". I am already in the co-op !!!!!!, I opened a current account which is operating fine a month ago. 5)Exchanged some online messages with me saying ive been forwarded to the "savings team" 6)Nothing, and no response when I questioned the ID request. Tried to call as well, 1 hour left on the hold music and nobody answered. I did write again yesterday specifically asking for a telephone appointment to open it like granta got. Who knows if I will be successfull. I realise they must be busy and they recently laid off a load of staff. They probably bit off more than they could chew. I wouldnt care if it was just delayed ages but the letter in the post asking for more ID when they already opened a current account is annoying me. Will just see what they say. I wouldn't trust them to make a cup of tea correctly.

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