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Regular Savings Accounts: The Best Currently Available List!

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  • jameseonline
    jameseonline Posts: 1,054 Forumite
    500 Posts First Anniversary Name Dropper
    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?
  • Not worth getting overly excited about.
    It pays out £27 in interest.
  • jameseonline
    jameseonline Posts: 1,054 Forumite
    500 Posts First Anniversary Name Dropper
    edited 20 June 2024 at 8:34AM
    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 
  • 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).
  • soulsaver
    soulsaver Posts: 6,604 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 20 June 2024 at 10:35AM
    jim1999 said:
    If there's one thing we're guaranteed, it's that having a multi-page debate about whether Regular Savers are worth the effort or not will be very productive.
    Not....... :smile:
  • where_are_we
    where_are_we Posts: 1,216 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    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?

     You could maximise your Principality interest by missing one or two £250 payments (this is allowed) to standard RS (@5.5% ?) and instead put £200 into 6 month RS@8% and if you haven`t got £200 to put in this month you probably would be ok waiting to beginning of next month before opening RS@8% and first deposit of £200 when you have the money.
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