Regular Savings Accounts: The Best Currently Available List!

ircE

Bridlington1 said:

Coventry Loyalty RS at 6.75% has disappeared from moneyfacts suggesting it is about to go NLA.

Yep - joins the Coventry graveyard.

cricidmuslibale

ircE said:

Bridlington1 said:

Coventry Loyalty RS at 6.75% has disappeared from moneyfacts suggesting it is about to go NLA.

Yep - joins the Coventry graveyard.

The following may be of interest to some: According to their respective details in the Coventry graveyard, the Coventry Loyalty Regular Saver Issue 2 at 6.75% (that went NLA on 17/05/24) was available for exactly 3 times as long as the first Coventry Loyalty Regular Saver at 7.00%:- 63 days for Issue 2, only 21 days for Issue 1. Of course the fact that all those who had taken out the 7.00% Loyalty Regular Saver were then ineligible for the 6.75% version may have had a lot to do with this but, even so, 63 days still represents more than 2 months of continuous availability, which for one of their more appealing accounts especially in interest rate terms is quite a generous time period for Coventry BS.

[It is much more usual for their most competitive savings accounts in interest rate terms to be on sale for less than a month, sometimes a lot less, e.g. their Triple Access Saver (Online) Issue 3 at 5.08% was on sale for less than 2 weeks in total and some of their more appealing fixed rate accounts in the last few years were on sale for only 3 to 5 days!]

apt

kaMelo said:

jameseonline said:

friolento said:

gt94sss2 said:

For anyone who has a Start to Save Issue 2 account, Nationwide have emailed me to say on maturity it will change a "Continue to Save" instant access account that pays just 2.5%

".....exclusively for our members who have a maturing Start to Save account....."

This made me LOL. Nationwide must think they can take us for fools. Even their own, non-exclusive, FlexSaver pays 3.25% - which is still entirely uncompetitive but better than the 'exclusive' offer.

It gets worse, the 2.5% account has a 5K deposit limit😁🤷🤣😂

jameseonline said:

friolento said:

gt94sss2 said:

For anyone who has a Start to Save Issue 2 account, Nationwide have emailed me to say on maturity it will change a "Continue to Save" instant access account that pays just 2.5%

".....exclusively for our members who have a maturing Start to Save account....."

This made me LOL. Nationwide must think they can take us for fools. Even their own, non-exclusive, FlexSaver pays 3.25% - which is still entirely uncompetitive but better than the 'exclusive' offer.

It gets worse, the 2.5% account has a 5K deposit limit😁🤷🤣😂

Whilst the rate is shocking and everyone should empty the account quickly, the limit on deposits shouldn't matter as no one will have anywhere near that amount in their start 2 save.

Don't empty all your Nationwide accounts too quickly because it is announcing what this year's 'Fairer Payment' will be on 23 May. 

dekkard

Apologies if covered already but what are people generally doing if they hold the Skipton Regular saver issue 2, maturing at the end of May?

Close early in case issue 3 is withdrawn before then?

ColdIron

I've set my maturity instructions to put it into the FA Bonus Saver. I shall open the new 7.00% RS

ircE

I'll be on holiday at the turn of the month (there will be WiFi but I don't want to particularly be thinking about this while there) so I've asked them to deposit the whole thing into a current account. When I get a moment I'll be distributing it out to my other regular savers including opening the latest Skipton MRS if it's still available - and the remainder into Skipton MBS @ 5.5%.

If I've understood correctly, you can set multiple destinations for the matured funds, including the interest, which has been pre-calculated. I think that's quite nifty, and haven't seen it elsewhere, so well done Skipton.

Bigwheels1111

dekkard said:

Apologies if covered already but what are people generally doing if they hold the Skipton Regular saver issue 2, maturing at the end of May?

Close early in case issue 3 is withdrawn before then?

I aim to close mine on the 30th.

Open a new one on the 31st.

Then make a manual payment on the first also.

It's a plan.

dekkard

Bigwheels1111 said:

dekkard said:

Apologies if covered already but what are people generally doing if they hold the Skipton Regular saver issue 2, maturing at the end of May?

Close early in case issue 3 is withdrawn before then?

I aim to close mine on the 30th.

Open a new one on the 31st.

Then make a manual payment on the first also.

It's a plan.

I was thinking the same but perhaps a few days earlier just to be sure.

Special_Saver2

Hi Everybody,

I have just updated the first page of this thread.

- Coventry BS Loyalty Regular Saver (Issue 2) no longer available and removed from the list on page 1

I have seen the post asking about having penalty-free withdrawals as a favourable criterion but I expect this to be the standard on most regular savings accounts (and I highlight it if there are no penalty-free withdrawals).

I will do the next update within the next 2 weeks.

SS2

---

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

Bridlington1

dekkard said:

Bigwheels1111 said:

dekkard said:

Apologies if covered already but what are people generally doing if they hold the Skipton Regular saver issue 2, maturing at the end of May?

Close early in case issue 3 is withdrawn before then?

I aim to close mine on the 30th.

Open a new one on the 31st.

Then make a manual payment on the first also.

It's a plan.

I was thinking the same but perhaps a few days earlier just to be sure.

I may as well be daring, I shall close my Skipton RS manually on 31st May, open and fund a new 7% RS (if still available) the same day, send some of the balance to fund the minimum deposit on the SRBS Regular Saver and the remaining to the Member Bonus Saver.