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Regular Savings Accounts: The Best Currently Available List!

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Comments

  • allegro120
    allegro120 Posts: 1,963 Forumite
    1,000 Posts Second Anniversary Name Dropper
    fletcher1985 said:
     so principality has another regular saver. i have opened all three is this ok to do? can i ask why they keep releasing new regular savers and then withdraw them quickly? 

    Yes, with Principality you can have as many issues as you want.  I don't know the answer to the second question, but I've learned that the best strategy is to grab them as soon as they go live.  
  • Bridlington1
    Bridlington1 Posts: 3,885 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    allegro120 said:
    Kim_13 said:
    A 6% 2 year fixed being available for 4 months doesn’t seem particularly quick to withdraw.

    I’m surprised Issue 33 is still available to be honest - it launched over the Summer, if I recall.

    I also have all three. They specify one of each issue per person so no term has been breached in opening all of them.
    Yes issue 33 was released in June last year.  Still available probably because the rate is only 5.5%.

    I currently have four - 33, Healthy, Winter and Triple.  Had continuous Principality membership for many years, not because trying to artificially maintain it but because they never stopped offering competitive RS products.
    I have the same 4 as you do. The 2YHH RS being pulled at this time makes me rather glad I ``refreshed" it at the turn of the tax year, mine doesn't mature till April 2026. I'm currently holding off reopening the FHS RS issue 3 till I'm about to complete a property purchase or it's about to go NLA (whichever is earlier).

    I've kept a double access account alive too as they have offered a loyalty regular saver before (albeit a while ago) and it's not doing any harm sat there with £1.03 and has been competitive before.
    allegro120 said:
    fletcher1985 said:
     so principality has another regular saver. i have opened all three is this ok to do? can i ask why they keep releasing new regular savers and then withdraw them quickly? 

    Yes, with Principality you can have as many issues as you want.  I don't know the answer to the second question, but I've learned that the best strategy is to grab them as soon as they go live.  
    For me it depends on the bank/building society in question and how I plan to use the account. If I'm opening it to actively fund I tend to adopt the same strategy as you do.

    However if I'm opening it speculatively my approach varies. I'd be wanting to open it as late as possible if the maturity date is dependent on when you open the account. Some such as Principality consistently disappear from moneyfacts at midnight before being pulled around 9am that morning (with the application link staying live long after that) so if opening speculatively I'd open it in the early hours of the day it goes NLA.

    If it's a speculative branch/post opening (as is usually the case with Furness or Mansfield) I'll typically get hold of an application form then post it off as soon as it goes NLA, dating everything to the day before it goes NLA, again to push the maturity date to as late as possible.
  • Bridlington1
    Bridlington1 Posts: 3,885 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    edited 21 April 2024 at 8:53AM
    @Special_Saver2
    I've found Gatehouse will allow you to hold both Issue 1 and 2 of their regular saver simultaneously, I'm pretty sure I can remember others reporting having opened and funded both too. I don't know if their systems were intentionally designed to allow this though (I suspect not but I agree their website isn't clear on this).

    Also one other thing I've noticed is that the link that allows you to jump straight to the end of this thread no longer works (at least in my case anyway). If I click the link: https://forums.moneysavingexpert.com/discussion/5776240get this instead:

    The nearest equivalent to the link that I'm aware of is this one which takes you to the post after the last one you've read (or the latest post if you've read all of them):
    https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list#latest

    ETA:
    The Principality BS Healthy Habits Saver Bond went NLA when the Triple Access Regular Saver was launched. Both are still listed on the first page of the thread.
  • allegro120
    allegro120 Posts: 1,963 Forumite
    1,000 Posts Second Anniversary Name Dropper
    Bridlington1 said:
    @Special_Saver2
    I've found Gatehouse will allow you to hold both Issue 1 and 2 of their regular saver simultaneously, I'm pretty sure I can remember others reporting having opened and funded both too. I don't know if their systems were intentionally designed to allow this though (I suspect not but I agree their website isn't clear on this).
    I can confirm this. I have both issues.
  • Pkman
    Pkman Posts: 86 Forumite
    Fourth Anniversary 10 Posts
    edited 21 April 2024 at 10:52AM
    Is principality first home steps online issue 1 and 2 tier interest rate now???

    And issue 3 is not???

    I have opened all 3, used to deposit maximum in issue 1 and 2 but have since withdraw most of the money. Due to EA rate dropping, I am thinking put the maximum into these 3 accounts but not if it is tier interest rate.
  • Bridlington1
    Bridlington1 Posts: 3,885 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    edited 21 April 2024 at 10:53AM
    Pkman said:
    Is principality first home steps online issue 1 and 2 tier interest rate now???

    And issue 3 is not???

    I have opened all 3, used to deposit maximum in issue 1 and 2 but have since withdraw most of the money. Due to EA rate dropping, I am thinking put the maximum into these 3 accounts but not if it is tier interest rate.
    They scrapped the tiered interest rate for Issues 1 and 2 around the time they launched Issue 3 (October 2023 IIRC). Both now pay a flat rate of 5.25% in line with Issue 3
  • Pkman
    Pkman Posts: 86 Forumite
    Fourth Anniversary 10 Posts
    Thanks, do you still have that table of all RS you have with all the detail on it. I found that very helpful last time. If you can copy that on that would be much appreciated 
  • Gers
    Gers Posts: 13,230 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Re Gatehouse second RS - I have just opened one, funded it and got the 'thank you for your deposit' text.
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