Regular Savings Accounts: The Best Currently Available List!

subjecttocontract

crumpet_man said:

subjecttocontract said:

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.

My regular savers (approx 20) generate around £3000 pa profit and are a small but useful part of my savings portfolio.

£3000?  Is that the total interest or the difference between putting/leaving the money in an easy access account?

That's the total interest. My reg savers pay 5.5-8.0% which is higher than any easy access account. All paid by standing orders, requires very little effort and no maintenance.

PowerSavingMode

chris_the_bee said:

jim1999 said:

ThePirates said:

Nationwide Start 2 Save Iss 3 matured today, interest in my account at midnight! 
Thanks very much NW!

Neither me nor my wife ever won any of the prize draws, so Nationwide can sod off

But yes to glad to have my interest and be able to close it!

Have any of this threads readers ever won in this prize draw or similar?

Nope. Neither me nor my O.H..

jameseonline

Hattie627 said:

Just received by email from Furness BS. It sounds like a bit of a faff, similar to the recent upgrade of their system by Hinckley and Rugby BS but even more so.

"We’re launching a brand new, digital, self-service savings experience this July which will replace your current eSavings system.  

You’ll need to register for our new service before the 30th of August 2024 to continue enjoying access to your accounts online.

Set to unlock new and faster ways of interacting, it’s going to be available online and via iOS and Android apps.  You’ll be able to do everything you can now plus a lot more:  

• View statements and transactions 
• Open new savings accounts
• Provide instructions for your existing maturing account balances 
• Make withdrawals to your bank account without the need for phone or branch contact 
• Access your account balances at a time and place to suit you 
• Get in touch with us in real time with Live Chat 

In order to access the new platform, you’ll need to re-register using our quick and easy digital onboarding process. For this, you’ll need some identification in the form of either a passport or driving licence.  If you don’t have either of these documents, please let us know by completing the form on www.furnessbs.co.uk/register-for-digital as soon as possible and we’ll get in touch to sort out an alternative way to get you onboarded.

If you have a passport or driving licence, you don’t need to do anything yet. We’ll contact you as soon as we launch - so please look out for updates from us with further instructions.   

Once you’ve signed up to the new platform, we will remove your access to the current system. The existing eSavings system will be retired on Friday 30th August at 5pm and no further access will be available from this time.  If you don't wish to re-register please don't worry.  Your savings accounts will be unaffected and can be accessed in branch or over the phone as usual."

Seems the Android app is available to download, it's called Furness Savings and it's early access meaning it's not classed as a fully polished app yet but should be safe enough to use.

Kazza242

Principality Building Society are launching a new '6 Month Regular Saver', paying 8.00% (fixed rate).

Pay in £1 - £200 per month.  The maximum investment is £1,200.

The account does not permit withdrawals before maturity, though earlier access is available by closing the account.

It is available to open online or via branch.  The account will mature after 6 months.  

The account has now officially launched and details are on the Principality BS website, here.

(The application page for the account is at the following link here.)

jameseonline

Kazza242 said:

Principality Building Society are launching a new '6 Month Regular Saver', paying 8.00%.

Pay in £1 - £200 per month.  The maximum investment is £1,200.

The account does not permit withdrawals before maturity, though earlier access is available by closing the account.

It is available to open online or via branch.  The account will mature after 6 months.  

Once launched, the account should appear on the Principality BS website, here.

(The application page for the account is at the following link here but it's probably best to wait for the account to officially launch first.  I will edit this post later in the morning to include the link to the account details page).   

Interesting, might give it a go in a month or so if it's still available.

Got like 3 regular savings accounts with them already 🤣, 2 @ £50 a month and their standard at £250 a month, plus accounts elsewhere, need to wait before starting anything new.

How did you find out about the new account?

subjecttocontract

Not worth getting overly excited about.
It pays out £27 in interest.

jameseonline

subjecttocontract said:

Not worth getting overly excited about.
It pays out £27 in interest.

I think it's decent enough to have given it's only for 6 months @ £200 max deposit per month and you can have their other accounts as and when available 

subjecttocontract

Agreed, but a lot of people can't count, they will see the 8% headline and think they are onto a winner.
Still....not as bad as their Healthy Habits a/c (that pays just £19pa) or their Triple Access (that pays just £20pa).

Kazza242

jameseonline said:

Kazza242 said:

Principality Building Society are launching a new '6 Month Regular Saver', paying 8.00%.

Pay in £1 - £200 per month.  The maximum investment is £1,200.

The account does not permit withdrawals before maturity, though earlier access is available by closing the account.

It is available to open online or via branch.  The account will mature after 6 months.  

Once launched, the account should appear on the Principality BS website, here.

(The application page for the account is at the following link here but it's probably best to wait for the account to officially launch first.  I will edit this post later in the morning to include the link to the account details page).   

Interesting, might give it a go in a month or so if it's still available.

Got like 3 regular savings accounts with them already 🤣, 2 @ £50 a month and their standard at £250 a month, plus accounts elsewhere, need to wait before starting anything new.

How did you find out about the new account?

I saw it on Moneyfacts earlier this morning.

Bridlington1

Kazza242 said:

jameseonline said:

Kazza242 said:

Principality Building Society are launching a new '6 Month Regular Saver', paying 8.00%.

Pay in £1 - £200 per month.  The maximum investment is £1,200.

The account does not permit withdrawals before maturity, though earlier access is available by closing the account.

It is available to open online or via branch.  The account will mature after 6 months.  

Once launched, the account should appear on the Principality BS website, here.

(The application page for the account is at the following link here but it's probably best to wait for the account to officially launch first.  I will edit this post later in the morning to include the link to the account details page).   

Interesting, might give it a go in a month or so if it's still available.

Got like 3 regular savings accounts with them already 🤣, 2 @ £50 a month and their standard at £250 a month, plus accounts elsewhere, need to wait before starting anything new.

How did you find out about the new account?

I saw it on Moneyfacts earlier this morning.

Also the application link was live on Friday, I chose to wait till I had further info before posting as you can't actually make deposits into Principality's accounts until the day of launch (plus I didn't want to irritate them too much by causing another batch of people applying for an account that hadn't been launched yet like I did last time I found out about an account this way).

subjecttocontract said:

Agreed, but a lot of people can't count, they will see the 8% headline and think they are onto a winner.
Still....not as bad as their Healthy Habits a/c (that pays just £19pa) or their Triple Access (that pays just £20pa).

I see the 8% rate, penalty free withdrawals permitted and think I'm onto a winner, I've just done a maths degree so I would hope I can count. £20 here and £15 there soon starts to add up, personally I'll take it.

My savings earn more interest in an account paying 8% than they do in an account paying 5.5%, thus it makes sense for me to empty the remaining balance of my Skipton Member Bonus Saver (barring £1) and put it in the 8% regular saver.