Regular Savings Accounts: The Best Currently Available List!

Xenon

allegro120 said:

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.

As do i - it is not a problem to have both

Hattie627

First Direct Regular Saver

My First Direct RS at 7% matures on 29 April.

I see that the account is still being offered at 7% fixed for a year, with monthly maximum pay in still at £300.

I have my fingers crossed that there won't be a change in the rate before I am  able to take out a new one next week. With the recent news that a drop in the base rate is further away than previously expected (I have heard November mentioned for the first drop) I am fairly optimistic.

allegro120

Hattie627 said:

First Direct Regular Saver

My First Direct RS at 7% matures on 29 April.

I see that the account is still being offered at 7% fixed for a year, with monthly maximum pay in still at £300.

I have my fingers crossed that there won't be a change in the rate before I am  able to take out a new one next week. With the recent news that a drop in the base rate is further away than previously expected (I have heard November mentioned for the first drop) I am fairly optimistic.

Mine matures on 3rd May. Considering it's Friday I probably won't be able to open the new one until 6th May, we'll see what happens.  I wouldn't worry about the allowance, I've been using this account since November 2010 and it always stayed firmly at £300 per month.  The rate can change at any time, but what I've noticed is that they don't change their rate frequently and it hardly ever goes uncompetitive.  

skitskut

allegro120 said:

Hattie627 said:

First Direct Regular Saver

My First Direct RS at 7% matures on 29 April.

I see that the account is still being offered at 7% fixed for a year, with monthly maximum pay in still at £300.

I have my fingers crossed that there won't be a change in the rate before I am  able to take out a new one next week. With the recent news that a drop in the base rate is further away than previously expected (I have heard November mentioned for the first drop) I am fairly optimistic.

Mine matures on 3rd May. Considering it's Friday I probably won't be able to open the new one until 6th May, we'll see what happens.  I wouldn't worry about the allowance, I've been using this account since November 2010 and it always stayed firmly at £300 per month.  The rate can change at any time, but what I've noticed is that they don't change their rate frequently and it hardly ever goes uncompetitive.  

Probably 7th as 6th May is bank holiday😄

allegro120

skitskut said:

allegro120 said:

Hattie627 said:

First Direct Regular Saver

My First Direct RS at 7% matures on 29 April.

I see that the account is still being offered at 7% fixed for a year, with monthly maximum pay in still at £300.

I have my fingers crossed that there won't be a change in the rate before I am  able to take out a new one next week. With the recent news that a drop in the base rate is further away than previously expected (I have heard November mentioned for the first drop) I am fairly optimistic.

Mine matures on 3rd May. Considering it's Friday I probably won't be able to open the new one until 6th May, we'll see what happens.  I wouldn't worry about the allowance, I've been using this account since November 2010 and it always stayed firmly at £300 per month.  The rate can change at any time, but what I've noticed is that they don't change their rate frequently and it hardly ever goes uncompetitive.  

Probably 7th as 6th May is bank holiday😄

Last time mine matured on Sunday 30th April, funds were available on bank holiday 1st May and new account opened and funded on 3rd May.  Not sure if weekends/bank holidays play any role in this process, there were many posts on this reporting a variety of experiences and it looks like there is no consistency in FD's procedures with regards to timescale of re-opening this account... some people said that a phone call can make it happen on the same day, I might try it this time round, FD's phone line is 24/7.

Bigwheels1111

Mine is up on the 3rd of May.
You can get the cash by calling FD on the 3rd.
The problem is they take days to close the old account.
Until it’s closed you can’t open a new one.
This year I think I will wait and see how long it takes.

kaMelo

Last year, just letting things go through with no intervention, I think it was four days before I could open a new one. There was a bank holiday in there too so not sure if it played a part but the time line was,:

Matured on 1st May

Available in savings account 2nd May

Opened new account 5th May

I'm fine with that as this account is one of my set and forget type. The only thing I do once a year is move funds and open a new one. I'm sure I could get things through faster if I called them up but if I'm honest, I just can't be bothered.

ColdIron

My last FD RS matured on Friday May the 5th. There was a weekend and then a Monday Bank Holiday for the coronation, 4 working days and another weekend. It was finally opened Monday May the 15th

10 days in all, 4 working days

I anticipate, perhaps optimistically, to have my new one opened on May 22nd

I remember being able to phone up and have it all done and dusted on the day of maturity but the telephone bank no longer does this by telephone

allegro120

ColdIron said:

My last FD RS matured on Friday May the 5th. There was a weekend and then a Monday Bank Holiday for the coronation, 4 working days and another weekend. It was finally opened Monday May the 15th

10 days in all, 4 working days

I anticipate, perhaps optimistically, to have my new one opened on May 22nd

I remember being able to phone up and have it all done and dusted on the day of maturity but the telephone bank no longer does this by telephone

Yes this is what it says in FAQs

"How can I apply for a Regular Saver?

1st Account customers can apply by downloading and logging on to our App and going to ‘Products’ or via Online Banking."

I haven't read FAQs for many years assuming that nothing has changed. I wonder if this is a new feature or has been there for a long time?

ColdIron

allegro120 said:

I haven't read FAQs for many years assuming that nothing has changed. I wonder if this is a new feature or has been there for a long time?

I've opened their RS every year since 2013. My records show same day maturity/1st deposit every year up to and including 2019. From 2020 it's been anywhere between 4 and 10 days

Edit: I skipped 2021/22 as the interest wasn't worth it