Regular Savings Accounts: The Best Currently Available List!

FIREmenow

Aidanmc said:

FIREmenow said:

Progressive Rainy Day

Had this account been open long enough to know if the payment needing to arrive by 25th is a hard deadline or an advisory? And whether is likely to be returned to sender or counted as the next month's?

Only been able to make the initial payment today (faster payment) - tried it anyway and wondering if it will bounce. Hoping it will be ok as month-end is midweek.

I think it will be ok and showing on your account tomorrow.

Some accounts at other banks/bs state this also about the 25th, i think its allowing for if there is a weekend at end of February, just a guess though!

Thanks, it is showing now. 

With all the different banking systems having their own eccentricities it's good to be able to ask here!

Bridlington1

Not a top rate but possibly one to open speculatively:
Melton BS to launch a branch/post Regular Saver 5 at 5% (£500/mth max, unlimited withdrawals)
From what I can see from moneyfacts the account is open ended, though the rate is only paid on the first £6k.

EDIT: Now live
https://www.themelton.co.uk/regular_savings/regular-saver-5/

OneUser1

The Melton Regular Saver @Bridlington1 mentions in the post above now on the Melton Website.

Growingold

Bridlington1 said:

Not a top rate but possibly one to open speculatively:
Melton BS to launch a branch/post Regular Saver 5 at 5% (£500/mth max, unlimited withdrawals)
From what I can see from moneyfacts the account is open ended, though the rate is only paid on the first £6k.

EDIT: Now live
https://www.themelton.co.uk/regular_savings/regular-saver-5/

Though if I remember correctly the one launched in 2022/2023 dropped its rate midway during the term.  That was variable too.  Guess it's a chance you take.

OneUser1

Growingold said:

Bridlington1 said:

Not a top rate but possibly one to open speculatively:
Melton BS to launch a branch/post Regular Saver 5 at 5% (£500/mth max, unlimited withdrawals)
From what I can see from moneyfacts the account is open ended, though the rate is only paid on the first £6k.

EDIT: Now live
https://www.themelton.co.uk/regular_savings/regular-saver-5/

Though if I remember correctly the one launched in 2022/2023 dropped its rate midway during the term.  That was variable too.  Guess it's a chance you take.

The account allows penalty free withdrawals so open it if it suits you and if the interest drops and it’s no longer attractive take your money out.

WillPS

OneUser1 said:

Growingold said:

Bridlington1 said:

Not a top rate but possibly one to open speculatively:
Melton BS to launch a branch/post Regular Saver 5 at 5% (£500/mth max, unlimited withdrawals)
From what I can see from moneyfacts the account is open ended, though the rate is only paid on the first £6k.

EDIT: Now live
https://www.themelton.co.uk/regular_savings/regular-saver-5/

Though if I remember correctly the one launched in 2022/2023 dropped its rate midway during the term.  That was variable too.  Guess it's a chance you take.

The account allows penalty free withdrawals so open it if it suits you and if the interest drops and it’s no longer attractive take your money out.

The problem is the rate's not competitive yet, the only reason I can see to open one is to hope that it becomes a good rate down the line - given they offer only 14 days notice of interest changes and they've got previous with dropping rates; personally I'll be giving it a miss.

Bridlington1

Not a top one but one to possibly keep an eye on:
Darlington BS to launch a 12 month regular saver at 5.1% tomorrow (£250/mth max). Account allows 2 withdrawals/yr excluding closure.

ForumUser7

Anyone know if we can make a 13th deposit into the Nationwide Flex RS 2 please? Terms don't seem to forbid it, but balance illustration after 12 months seems to use £2,400. Thanks

Descrabled

Nationwide Flex RS2 NLA

There is the ability to add a 13th payment but at 8% on £200 for just shy of a month only gains an additional £1 in interest over that gained by 12 payments. I don't normally bother.

Bridlington1

Not a top rate but possibly one to keep an eye on:
Suffolk BS have now launched an Online 1 Year Variable Rate Regular Saver (30.09.2025) at 5.15% (£500/mth max).

This could be a good one to use for ``getting a foot in the door" so to speak as most of their other accounts have been limited to existing members and those living in certain postcodes.