Regular Savings Accounts: The Best Currently Available List!

jameseonline

Bridlington1 said:

flaneurs_lobster said:

Bridlington1 said:

Wheres_My_Cashback said:

Bridlington1 said:

Wheres_My_Cashback said:

OneUser1 said:

Progressive Building Society have their on-line Regular Rainy Day Saver account paying 7% (variable) for existing members and locals (which means those living in Northern Ireland) which takes £20-£300 per month.

However I was unable to register for their on-line access - which requires a separate authenticating app to be downloaded - so I gave up trying. Those braver than me might like to give it a go.

ALL their savings accounts are for existing members and locals ONLY so no entry via the back door.

Not all of them from what I can see, I've just noticed their Branch Instant Access Saver Account doesn't seem to have the NI restriction on it.

TBF I only looked at online as branch/post opening/operated is too much hassle and costs money.

It doesn't cost money if you can get them to send an application pack with prepaid envelope in the post. I'll phone them in the morning to see if they'll do this, if not I'll just print and post an application pack. If I can get hold of the 7% RS I stand to more than offset the cost of a stamp with the extra interest I could earn.

Even with the cost of providing certified copies of Id documents?

I'll concede most will likely have to suffer an expense to print out a copies of ID documents. That being said I can still use my university's photocopiers for free until Friday so will nip down there before then and get a copy of my passport certified for free from one of my lecturers so for me there's no cost involved.

Much cost to get to and from said Uni though?🤔😏

OneUser1

Looks like £100 this year from Nationwide if you have a current account plus either a mortgage or a savings account - such as a regular saver. 

Marcoos

OneUser1 said:

Looks like £100 this year from Nationwide if you have a current account plus either a mortgage or a savings account - such as a regular saver. 

There's a bit more to the criteria, which includes a couple of payments over a couple of months.

https://www.nationwide.co.uk/about-us/fairer-share/check-if-eligible/

Bridlington1

Marcoos said:

OneUser1 said:

Looks like £100 this year from Nationwide if you have a current account plus either a mortgage or a savings account - such as a regular saver. 

There's a bit more to the criteria, which includes a couple of payments over a couple of months.

https://www.nationwide.co.uk/about-us/fairer-share/check-if-eligible/

In addition there is an existing thread detailing the 2024 Fairer Share payment:
https://forums.moneysavingexpert.com/discussion/6508044/nationwide-fairer-share-payment-2024

PowerSavingMode

Marcoos said:

OneUser1 said:

Looks like £100 this year from Nationwide if you have a current account plus either a mortgage or a savings account - such as a regular saver. 

There's a bit more to the criteria, which includes a couple of payments over a couple of months.

https://www.nationwide.co.uk/about-us/fairer-share/check-if-eligible/

I'm £50 short for the months specified, so not eligible. So much for loyalty.
 

FIREmenow

Bridlington1 said:

where_are_we said:

Bridlington - My Saffron 9% Members Month account matures June 5. You mentioned it will be replaced by an 8% Members Month account which is good news, although I presume the low £50 a month maximum deposit will continue.

I presume we will have to wait for the 9% version to mature before opening the new 8% one.

First of all it wasn't me that broke this particular piece of news so I shalln't take credit for something I didn't do.

You can't hold both the 8% and 9% version simultaneously but what you can do is give them maturity instructions now if you wanted to (I gave mine over the phone) and ask them to convert the 9% RS into the 8% one upon maturity, which will keep the same account number.

Whilst I'm here I've been told over the phone that the eligibility cut off date is set to remain exactly the same as last year (1/6/22) so those who were ineligible for the 9% RS last year due to the cut off date are going to be ineligible for the 8% one this year as well.

Do people think it's worth signing up for something from Saffron now, if you are not already a member, to hopefully have access to members' month and other members' accounts in the future? Do you like them as a BS? Their website mentions posting your paying in book to them in some of the guidance - do you have to mess about with that for online accounts?

I'm thinking of opening the small saver tomorrow for example, and if the 1 June 2022 date is shortened in the future then joining this side of 1st June would help.

Bridlington1

FIREmenow said:

Bridlington1 said:

where_are_we said:

Bridlington - My Saffron 9% Members Month account matures June 5. You mentioned it will be replaced by an 8% Members Month account which is good news, although I presume the low £50 a month maximum deposit will continue.

I presume we will have to wait for the 9% version to mature before opening the new 8% one.

First of all it wasn't me that broke this particular piece of news so I shalln't take credit for something I didn't do.

You can't hold both the 8% and 9% version simultaneously but what you can do is give them maturity instructions now if you wanted to (I gave mine over the phone) and ask them to convert the 9% RS into the 8% one upon maturity, which will keep the same account number.

Whilst I'm here I've been told over the phone that the eligibility cut off date is set to remain exactly the same as last year (1/6/22) so those who were ineligible for the 9% RS last year due to the cut off date are going to be ineligible for the 8% one this year as well.

Do people think it's worth signing up for something from Saffron now, if you are not already a member, to hopefully have access to members' month and other members' accounts in the future? Do you like them as a BS? Their website mentions posting your paying in book to them in some of the guidance - do you have to mess about with that for online accounts?

I'm thinking of opening the small saver tomorrow for example, and if the 1 June 2022 date is shortened in the future then joining this side of 1st June would help.

I think it's worth opening an account with them now (and any other building society that offers loyalty products for that matter), whilst you won't be eligible for their 8% RS if they can offer one loyalty product there's a good chance of them offering another with a different cut off at a later date. I've found loyalty products in general can appear at any time so it's best to open an account with them sooner rather than later to avoid the irritation of being ineligible by a few days.

I can't say I've had any issues with Saffron, I seem to recall it took them a couple of days to open the account but once opened things have run quite smoothly in my experience. Online accounts don't require you to send off passbooks, they don't even issue them for online accounts. Passbooks are mentioned on the website as some of their accounts can be operated by post, which still use them.

butterflymum

@Special_Saver2, it looks like the AIB NI regular saver should be on the 'requires another account' list instead, as when checking if suitable it says (my bold):

This is an account designed especially for regular savers, which allows you to save what you want, when you want, and how you want. So if flexibility is important to you, then this account may fit the bill.
When you open an account in branch or online we will ask you for a regular savings instruction to debit between £10 to £500 per month from a AIB (NI) Select Account or Current Account. If you are a new customer or do not already have a suitable account, talk to us about how we can help.

finspaniard

FIREmenow said:

Do people think it's worth signing up for something from Saffron now, if you are not already a member, to hopefully have access to members' month and other members' accounts in the future? Do you like them as a BS? Their website mentions posting your paying in book to them in some of the guidance - do you have to mess about with that for online accounts?

I'm thinking of opening the small saver tomorrow for example, and if the 1 June 2022 date is shortened in the future then joining this side of 1st June would help.

I have done that with several BS and it ended up paying off, as they tend to reward loyalty.

allegro120

FIREmenow said:

Bridlington1 said:

where_are_we said:

Bridlington - My Saffron 9% Members Month account matures June 5. You mentioned it will be replaced by an 8% Members Month account which is good news, although I presume the low £50 a month maximum deposit will continue.

I presume we will have to wait for the 9% version to mature before opening the new 8% one.

First of all it wasn't me that broke this particular piece of news so I shalln't take credit for something I didn't do.

You can't hold both the 8% and 9% version simultaneously but what you can do is give them maturity instructions now if you wanted to (I gave mine over the phone) and ask them to convert the 9% RS into the 8% one upon maturity, which will keep the same account number.

Whilst I'm here I've been told over the phone that the eligibility cut off date is set to remain exactly the same as last year (1/6/22) so those who were ineligible for the 9% RS last year due to the cut off date are going to be ineligible for the 8% one this year as well.

Do people think it's worth signing up for something from Saffron now, if you are not already a member, to hopefully have access to members' month and other members' accounts in the future? Do you like them as a BS? Their website mentions posting your paying in book to them in some of the guidance - do you have to mess about with that for online accounts?

I'm thinking of opening the small saver tomorrow for example, and if the 1 June 2022 date is shortened in the future then joining this side of 1st June would help.

In my experience it is worth having a continuous memberships with as many building societies as possible. You never know which BS will offer a loyalty product and when.

I've never had any problems with Saffron. Their online accounts don't require passbooks or branch visits, everything is done online. Small Saver is a good one to have, very flexible conditions and decent interest rate.