Regular Savings Accounts: The Best Currently Available List!

happybagger

Not "best currently available" but for those with the accounts, Bucks BS are reducing their RS rates:

RS (open) -0.1% to 4.0%
RS Locals (closed) -0.1% to 4.5%

Source: Bucks BS email

jameseonline

jameseonline said:

My Principality 33 Regular matured today, requested closure of the new maturity account and funds to be transferred to my Virgin account.

£3095.12 total.

Wouldn't let me transfer the whole amount out which seems stupid so had to close it, like Principality know you going to get a few pence in interest so why make things more difficult than they need to be?, guess the only other option would be depositing £1(or amount to get it up to the next £1) or something then trying to get the few pence out?

Anyway what I did find strange when I logged in was it said faster payments are scheduled for maintenance on Saturday so be done on Sunday.

Does that mean Principality side or for everyone?

Got my money from Principality today (with an extra 60p added) got no regulars due to end until September now I think 

surreysaver

jameseonline said:

jameseonline said:

My Principality 33 Regular matured today, requested closure of the new maturity account and funds to be transferred to my Virgin account.

£3095.12 total.

Wouldn't let me transfer the whole amount out which seems stupid so had to close it, like Principality know you going to get a few pence in interest so why make things more difficult than they need to be?, guess the only other option would be depositing £1(or amount to get it up to the next £1) or something then trying to get the few pence out?

Anyway what I did find strange when I logged in was it said faster payments are scheduled for maintenance on Saturday so be done on Sunday.

Does that mean Principality side or for everyone?

Got my money from Principality today (with an extra 60p added) got no regulars due to end until September now I think 

Think its a year since it became not worth opening Regular Savers. My next one to mature is Beehive at the end of July, then I have a load maturing in the autumn, the anniversary of interest rates shooting up

jameseonline

surreysaver said:

jameseonline said:

jameseonline said:

My Principality 33 Regular matured today, requested closure of the new maturity account and funds to be transferred to my Virgin account.

£3095.12 total.

Wouldn't let me transfer the whole amount out which seems stupid so had to close it, like Principality know you going to get a few pence in interest so why make things more difficult than they need to be?, guess the only other option would be depositing £1(or amount to get it up to the next £1) or something then trying to get the few pence out?

Anyway what I did find strange when I logged in was it said faster payments are scheduled for maintenance on Saturday so be done on Sunday.

Does that mean Principality side or for everyone?

Got my money from Principality today (with an extra 60p added) got no regulars due to end until September now I think 

Think its a year since it became not worth opening Regular Savers. My next one to mature is Beehive at the end of July, then I have a load maturing in the autumn, the anniversary of interest rates shooting up

Always worth opening them if you have funds, you not opened any in a year?.

September is going to free up a lot of money for me, 7% YBS Loyalty Regular 2023 @ £500 a month then 2 days later my 8% Nationwide Flex Regular Saver Issue 2 @ £200 a month ends.

November just got YBS Xmas ending.

Jan I'll have maxed out NatWest and RBS digital.

Then several accounts ending in March if all goes well.

surreysaver

jameseonline said:

surreysaver said:

jameseonline said:

jameseonline said:

My Principality 33 Regular matured today, requested closure of the new maturity account and funds to be transferred to my Virgin account.

£3095.12 total.

Wouldn't let me transfer the whole amount out which seems stupid so had to close it, like Principality know you going to get a few pence in interest so why make things more difficult than they need to be?, guess the only other option would be depositing £1(or amount to get it up to the next £1) or something then trying to get the few pence out?

Anyway what I did find strange when I logged in was it said faster payments are scheduled for maintenance on Saturday so be done on Sunday.

Does that mean Principality side or for everyone?

Got my money from Principality today (with an extra 60p added) got no regulars due to end until September now I think 

Think its a year since it became not worth opening Regular Savers. My next one to mature is Beehive at the end of July, then I have a load maturing in the autumn, the anniversary of interest rates shooting up

Always worth opening them if you have funds, you not opened any in a year?.

September is going to free up a lot of money for me, 7% YBS Loyalty Regular 2023 @ £500 a month then 2 days later my 8% Nationwide Flex Regular Saver Issue 2 @ £200 a month ends.

November just got YBS Xmas ending.

Jan I'll have maxed out NatWest and RBS digital.

Then several accounts ending in March if all goes well.

Yes, got a load maturing in the autumn as my post says

MakeVotesMatter

Forgive me for being new here, but doesn't seem that worthwhile to drip feed 1 year regular savers. 2 hours wasted for £30 profit?
If I compare co-op 7% regular saver to a 5% easy access account:
Drip feed interest: (£250 * 6 * 0.07) + (£250 * 6 * 0.05) = £180
Non drip feed interest: £250 * 12 * 0.05 = £150
Difference: 180 - 150 = £30 profit
90 mins reading current account & regular saver terms and conditions(~22 page, ~4m per page), and 20 mins setting up account and standing orders is almost 2 hours spent.

pafpcg

Two hours to gain £30?  That sounds like a reasonable return - it's above Minimum Wage.

But I see you've not been on the MSE forum long - not long enough to realise that there are some on here that will happily spend two hours to gain 30pence!

ColdIron

It's a bit more than £30, more like £35 for that one, others have higher rates and or monthly amounts

Most here will have many regular savers and it's remarkable how quickly they add up. It won't take 90 mins of reading T&Cs, more like 20 minutes in total (even quicker if you are renewing) and then it runs itself for the rest of the year. I'm more than happy to have £10,000 to £20,000 on average sitting in higher rate accounts than lower rate accounts for a few minutes effort each

Play around with the RS calculator with the drip feed option

https://www.moneysavingexpert.com/savings/regular-savings-calculator

Wheres_My_Cashback

Feeding strictly prohibited 

pecunianonolet

MakeVotesMatter said:

Forgive me for being new here, but doesn't seem that worthwhile to drip feed 1 year regular savers. 2 hours wasted for £30 profit?
If I compare co-op 7% regular saver to a 5% easy access account:
Drip feed interest: (£250 * 6 * 0.07) + (£250 * 6 * 0.05) = £180
Non drip feed interest: £250 * 12 * 0.05 = £150
Difference: 180 - 150 = £30 profit
90 mins reading current account & regular saver terms and conditions(~22 page, ~4m per page), and 20 mins setting up account and standing orders is almost 2 hours spent.

1. Your choice to read all ~ 22 pages, most only read the summary and key facts details and only in some circumstances further in case of very specific questions. You can always ask here too and attractive accounts are usually discussed in detail anyway.

2. £30 profit (assuming no tax liability) for setting something up, which you can do whenever it suits you most, e.g. from the comfort of your sofa while sipping a cup of tea is a luxury. Imagine you would be on minimum wage as a cleaner and your work hours would be early evening when an office building you have to clean is empty. I would always prefer the sofa and tea option. 

3. £30 is for one regular saver, many here feed 10+ reg savers so this turns into a few hundred a year profit. Chasing rates and maximising profits is also for many, myself included, a kind of sport.

4. 2 hours spent, reading a lot of T&C's, how would you spend those 2 hours otherwise? Don't we all not also waste enough time otherwise, waiting for a delayed train, stuck in traffic, watching some nonsense on TV, waiting at the bus stop, waiting on the hotline to speak to an HMRC advisor, (...)