Regular Savings Accounts: The Best Currently Available List!

dealyboy

Re. Thread changes discussion

I think there have been some really useful comments and possible unforeseen consequences ... and to be honest I've changed my mind in favour of the status quo.

One thing I do find useful is when people put the bank/building society or subject above their comment  .

Baileys_Babe

dealyboy said:

One thing I do find useful is when people put the bank/building society or subject above their comment  .

I agree this makes it clear what institution or product is being referred to.

I find this thread both helpful and informative. I don't feel the need to have a no chat version, but I do feel the thread would be improved by doing as dealyboy suggests, then if the reader isn't interested in that bank or building society they can scroll past.

gt94sss2

ForumUser7 said:

On the subject of Beehive. Maximum balance is 3500 on their Online Fixed Regular Saver. Interest added last July means that less than £250 can be deposited before reaching the 3500 limit. Worth bearing in mind in case they return the payment if it takes it over the max balance. Anyone had any experience with this before at Beehive? Do they count the interest in that figure please?

Beehive accepted my £250 today. No need to amend the final payment for interest already received 

jaypers

gt94sss2 said:

ForumUser7 said:

On the subject of Beehive. Maximum balance is 3500 on their Online Fixed Regular Saver. Interest added last July means that less than £250 can be deposited before reaching the 3500 limit. Worth bearing in mind in case they return the payment if it takes it over the max balance. Anyone had any experience with this before at Beehive? Do they count the interest in that figure please?

Beehive accepted my £250 today. No need to amend the final payment for interest already received 

Concur. I paid in £247.36 initially to take it to exactly £3500 and it said I can still pay money in this month after clearing so paid in the other £2.64 separately. 

allegro120

Bridlington1 said:

allegro120 said:

gelato_cat said:

ForumUser7 said:

Mansfield Regular e-Saver 30 day notice - what have people done with this account please? Now I can get better rates on the funds elsewhere and even with other accounts I have with Mansfield BS themselves, I'm considering closing it given the monthly funding requirement. Anyone closed theirs so far, or intentionally left theirs open for any particular reason please? Trying to make my mind up. Thanks

I don't have one of these, BUT whenever I've had an online account with a company that's historically offered good products, I keep something open with them, even if it's just a basic easy access account with £1 in it.

That way, I know I've kept my online banking access.

So if I want to open another online account in the future, I don't have to go through the whole new customer setup, which sometimes involves waiting for verification codes in the post etc.

The process for opening new accounts as an existing customer is often a lot quicker, too.

And it keeps my hand in for any new loyalty-type products which require me to have continuously held an account for a certain period of time.

It mainly depends on your appetite for keeping track of loads of accounts you don't use much!

The same here. 132 accounts (not including the ones automatically created by the banks on maturity), some of them may never be useful, but this strategy proved to be beneficial.  Keeping track is easy with spreadsheet.

Are you including accounts that keep getting opened but remain unfunded so are automatically closed but swiftly reopened every x days and poor rate accounts that are open with £1 (or less) solely for ``loyalty" purposes in that total? If so then it seems we've coincidentally both ended up with the same number of savings accounts with a purpose.

I included all, except those automatically opened by the banks on RS maturity (for example Lloyds standard saver, TSB easy saver etc.). All poor rate accounts with £1 or £0 that I opened for strategic/speculative reasons or didn't close after they reduced the rate are included (for example 4 VM current accounts, Chip, Zopa, Al Rayan issue 3 and many more I have not used for a long time but don't don't have any intention to close them).

allegro120

gt94sss2 said:

ForumUser7 said:

On the subject of Beehive. Maximum balance is 3500 on their Online Fixed Regular Saver. Interest added last July means that less than £250 can be deposited before reaching the 3500 limit. Worth bearing in mind in case they return the payment if it takes it over the max balance. Anyone had any experience with this before at Beehive? Do they count the interest in that figure please?

Beehive accepted my £250 today. No need to amend the final payment for interest already received 

The same here.  I had a thought to deposit £247.28 instead, but changed my mind.  I'll monitor this, it's still possible that they will return the deposit. 

JamesRobinson48

As anticipated, Saffron BS has today withdrawn the Monthly Members' Loyalty Saver (8%). 

Hattie627

Monmouthshire Building Society

Exclusive RS   8%  £300 per month
RS Issue 2      7%   £300 per month

These accounts were on sale in August 2023. I opened both and they mature on 25th August and 29th August this year.

First payments were made in August 2023 and 12th payments have just been made (1st July).

Unfortunately I haven't kept proper records. Does anyone know if 13th payments will be accepted on 1st August?

gt94sss2

Hattie627 said:

Monmouthshire Building Society

Exclusive RS   8%  £300 per month
RS Issue 2      7%   £300 per month

Unfortunately I haven't kept proper records. Does anyone know if 13th payments will be accepted on 1st August?

I believe so. 

You want https://forums.moneysavingexpert.com/discussion/6470420/an-archived-list-of-regular-saver-terms-and-conditions/p1

allegro120

Hattie627 said:

Monmouthshire Building Society

Exclusive RS   8%  £300 per month
RS Issue 2      7%   £300 per month

These accounts were on sale in August 2023. I opened both and they mature on 25th August and 29th August this year.

First payments were made in August 2023 and 12th payments have just been made (1st July).

Unfortunately I haven't kept proper records. Does anyone know if 13th payments will be accepted on 1st August?

There is no maximum balance for these accounts, so 13th payments should be ok.