Regular Savings Accounts: The Best Currently Available List!

TheWoodler

I think it’s sensible to review RS as part of a holistic approach to a savings portfolio and how they fit into effort vs reward, the funds available, personal circumstances, or any other criteria the individual might have (e.g. ethics or accessibility).

I too have made some decisions this FY - for example I renewed my Saffron Members’ RS committing £500/month @ 5.25% to a Small Saver for £50/month @ 5.75%, even though I continue to be eligible for the former. That suits me better atm. 

Off topic for thread, but an observation on the subject of Skipton: they seem to have had a recent track record of slightly unusual products recently. 

BooJewels

Indeed @TheWoodler - individual circumstances and criteria are key - and what suits at one time, might not at another.  The RS was ideal for me last year, as I funded it with monthly interest from 2 x Skipton fixes which I'd taken before rates rose to their peak, so moving it, as it arose, to 'compound' at a higher rate improved my return from those fixes.  As one has now matured and been re-fixed elsewhere at a much better rate, it's not as attractive or convenient this year.

What I might do, is move the £3k principle from the maturing RS to their bonus saver at 5.5% and just forget about it - it'll generate some spendies for my September 2025 holiday.  I can at least take it out if rates drop.

gt94sss2

Have received an email asking me what I want to do regarding my maturing Saffron Building Society Members' Month Loyalty Saver.

It includes the fact that Saffron will be having another Members' Month Loyalty Saver in June - no details though

simonsmithsays

gt94sss2 said:

Have received an email asking me what I want to do regarding my maturing Saffron Building Society Members' Month Loyalty Saver.

It includes the fact that Saffron will be having another Members' Month Loyalty Saver in June - no details though

Thanks - this is exactly what I was hoping for.

soulsaver

gt94sss2 said:

Have received an email asking me what I want to do regarding my maturing Saffron Building Society Members' Month Loyalty Saver.

It includes the fact that Saffron will be having another Members' Month Loyalty Saver in June - no details though

it's in the pack: essentially as is: 5.25% aer var; £500 pm, £6k max. £50 min bal.

jameseonline

soulsaver said:

gt94sss2 said:

Have received an email asking me what I want to do regarding my maturing Saffron Building Society Members' Month Loyalty Saver.

It includes the fact that Saffron will be having another Members' Month Loyalty Saver in June - no details though

it's in the pack: essentially as is: 5.25% aer var; £500 pm, £6k max. £50 min bal.

Erm that's not a "members month" rate, that's their standard regular saver if you've been with them a year called "12 Month Members Regular Saver "

https://www.saffronbs.co.uk/Savings/Regular-Savings-Accounts

Members Month is/was a 9% account on £50 a month max deposit 

jameseonline

gt94sss2 said:

Have received an email asking me what I want to do regarding my maturing Saffron Building Society Members' Month Loyalty Saver.

It includes the fact that Saffron will be having another Members' Month Loyalty Saver in June - no details though

Interesting, I've not had an email yet, mine is set to mature on 5th June, maybe it won't be much longer 

soulsaver

jameseonline said:

soulsaver said:

gt94sss2 said:

Have received an email asking me what I want to do regarding my maturing Saffron Building Society Members' Month Loyalty Saver.

It includes the fact that Saffron will be having another Members' Month Loyalty Saver in June - no details though

it's in the pack: essentially as is: 5.25% aer var; £500 pm, £6k max. £50 min bal.

Erm that's not a "members month" rate, that's their standard regular saver if you've been with them a year called "12 Month Members Regular Saver "

https://www.saffronbs.co.uk/Savings/Regular-Savings-Accounts

Members Month is/was a 9% account on £50 a month max deposit 

There's no reference to the Members Month account in the pack.  It refers to the 12 month members saver - the detail for which I summarised.

jameseonline

soulsaver said:

jameseonline said:

soulsaver said:

gt94sss2 said:

Have received an email asking me what I want to do regarding my maturing Saffron Building Society Members' Month Loyalty Saver.

It includes the fact that Saffron will be having another Members' Month Loyalty Saver in June - no details though

it's in the pack: essentially as is: 5.25% aer var; £500 pm, £6k max. £50 min bal.

Erm that's not a "members month" rate, that's their standard regular saver if you've been with them a year called "12 Month Members Regular Saver "

https://www.saffronbs.co.uk/Savings/Regular-Savings-Accounts

Members Month is/was a 9% account on £50 a month max deposit 

There's no reference to the Members Month account in the pack.  It refers to the 12 month members saver - the detail for which I summarised.

gt was saying that there's going to be another members month account yet no details given, you then said it's in the pack & gave the 5.25% rate, I then said that's their standard regular if you been with them a year.

So which one of us got confused 🤷, 1, 2 or all 3 of us?

wiseonesomeofthetime

When I spoke to Saffrom CS today, as I had logging in issues, I was told that CS did not know if there would be a fresh members' small regular saver offer in June. That sort of goes in line with the earlier - no details though - comment scripted in earlier post.