Regular Savings Accounts: The Best Currently Available List!

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.

londoner62

Not sure if this 7% variable has been noted yet. https://theprogressive.com/savings/online-savings/online-regular-rainy-day-saver-account

jameseonline

pokemaster said:

Looks like Virgin are thinking about doing a regular saver soon, but might be limited to customers who opened a current account before a certain date 

Any update on this?, Virgin haven't done any regulars for a long time if I remember rightly not since Clydesdale took over

csw5780

londoner62 said:

Not sure if this 7% variable has been noted yet. https://theprogressive.com/savings/online-savings/online-regular-rainy-day-saver-account

The NI resident restriction seems to have gone:
“The account is available to existing Members and new customers resident in the UK, aged 18 or over.”

@Special_Saver2

FishInGlass

csw5780 said:

londoner62 said:

Not sure if this 7% variable has been noted yet. https://theprogressive.com/savings/online-savings/online-regular-rainy-day-saver-account

The NI resident restriction seems to have gone:
“The account is available to existing Members and new customers resident in the UK, aged 18 or over.”

@Special_Saver2

Anyone outside NI been able to register for the account yet.

All I get is the following

We are sorry an error has occurred. Please contact our Online Support Team on 0800 0294 997 for assistance or Submit an Enquiry and we’ll get back to you within 2 business days.