Regular Savings Accounts: The Best Currently Available List!

allegro120

ircE said:

Principality BS 6 Month RS @ 8%

Sorry if already discussed but just wanted to check my understanding of the Ts and Cs is correct.

My account was opened yesterday, 20th June. I've put in £200 this week. I'll put in 5 x £200 at the start of the month July - November. That's £1200 in total. But then the account will stay open until it matures on 20th December (unless I choose to close it earlier). I.e. The total sum will be in there, earning 8%, for over a calendar month at the end before maturity? I don't think I've had a RS do that before.

You have a fixed period, monthly allowance and maximum balance.  Every £200 you deposit will earn you 8% AER until 20th Dec. Nothing unusual about this.  

Kim_13

ircE said:

Principality BS 6 Month RS @ 8%

Sorry if already discussed but just wanted to check my understanding of the Ts and Cs is correct.

My account was opened yesterday, 20th June. I've put in £200 this week. I'll put in 5 x £200 at the start of the month July - November. That's £1200 in total. But then the account will stay open until it matures on 20th December (unless I choose to close it earlier). I.e. The total sum will be in there, earning 8%, for over a calendar month at the end before maturity? I don't think I've had a RS do that before.

Happens anywhere where the RS is opened late in the month but has a maximum balance. Skipton are another.

Where a RS doesn't state a maximum balance, it's usually possible to make a 13th payment at the start of the final calendar month, so the total sum only has a few weeks rather than a month.

Of course if someone hadn't been able to pay in the maximum each month, December could be used to pay in the shortfall or £200, whichever is the lower.

Special_Saver2

Bridlington1 said:

@Special_Saver2
Just a minor point but we're now on issue 53 of the Leeds BS regular saver (matures 1/6/26), the list still shows issue 52.

EDIT:
The Progressive BS Online Regular Rainy Day Saver Account at 7% (variable) is also missing. This is available to existing Members and new customers resident in Northern Ireland and allows deposits of up to £300/calendar month.

Thanks Bridlington1, I have just updated the first page of this thread for both of those now.

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

SS2

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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

dingling68

Kim_13 said:

Has anyone opened the 6 Month Regular Saver with Principality and not received a confirmation email from them?

Funded OK though.

I found my emails in my spam box this morning. They have been received safely when opening previous accounts

Growingold

dingling68 said:

Kim_13 said:

Has anyone opened the 6 Month Regular Saver with Principality and not received a confirmation email from them?

Funded OK though.

I found my emails in my spam box this morning. They have been received safely when opening previous accounts

Same here just looked

Bridlington1

dingling68 said:

Kim_13 said:

Has anyone opened the 6 Month Regular Saver with Principality and not received a confirmation email from them?

Funded OK though.

I found my emails in my spam box this morning. They have been received safely when opening previous accounts

I've had the opposite, for the last year or so about 90% of my confirmation of account opening emails (across all providers) have ended up in my junk folder despite adding them all to safe senders list, it's getting slightly irritating to be honest as I have set them up to sort emails into designated folders and outlook seems to be ignoring this and putting them in junk instead. Principality's 6 month regular saver seems to be one of the few account opening emails that has gone into its proper folder though.

where_are_we

Principality 6 Month RS @8% fixed. The only thing not to like is that it is`nt a 12 month account.

However, The December 20 maturity date means that £1200 will earn 8% for 50 days (final SO on November 1).

Doubled up with my OH benefitting as well, means we can be "nice" to each other this Xmas!

jaypers

How long do deposits take to the Principality RS? 

wiseonesomeofthetime

I deposited about 10pm on 20 Jan, and it appeared in my Principality account the following morning, dated 20 Jan 👍

dcs34

Kim_13 said:

Where a RS doesn't state a maximum balance, it's usually possible to make a 13th payment at the start of the final calendar month, so the total sum only has a few weeks rather than a month.

Of course if someone hadn't been able to pay in the maximum each month, December could be used to pay in the shortfall or £200, whichever is the lower.

And of course some accounts specify a max balance on the product website, but will quite happily take in the monthly deposit each month, effectively allowing the 13th (or 7th in this case) payment and paying interest on that full balance at maturity.