Regular Savings Accounts: The Best Currently Available List!

schiff

Monmouth Update -
Exclusive 12th deposit accepted - showing as credited on 2/8, though sent on 1/8
RS 2 13th deposit not accepted - yet. No sign of the returned funds.
Losing interest all round!

ForumUser7

NatWest and RBS Digital Regular Savers

Rate above 5k drops to 1.60% from 1.75% effective 29th August. Headline rate of 6.17% up to and including 5k remains

Stargunner

ForumUser7 said:

NatWest and RBS Digital Regular Savers

Rate above 5k drops to 1.60% from 1.75% effective 29th August. Headline rate of 6.17% up to and including 5k remains

Surely, no one is daft enough to keep over £5k in any of those accounts, so it wont have any relevance.

jim1999

Stargunner said:

ForumUser7 said:

NatWest and RBS Digital Regular Savers

Rate above 5k drops to 1.60% from 1.75% effective 29th August. Headline rate of 6.17% up to and including 5k remains

Surely, no one is daft enough to keep over £5k in any of those accounts, so it wont have any relevance.

You'd be surprised.  I was talking to someone a while ago who had about 50k savings in a 123 Current Account (capped at 20k) and thought they were doing pretty well because interest payments came in every month.

schiff

ForumUser7 said:

NatWest and RBS Digital Regular Savers

Rate above 5k drops to 1.60% from 1.75% effective 29th August. Headline rate of 6.17% up to and including 5k remains

Would you post a link to the fuller details of the affected T&Cs by this announcement pse. I had forgotten about the £5000 limit and I am due to reach it in a few months time. Is it for example including interest or not in the £5000 limit? 
TIA

londoner62

ForumUser7 said:

NatWest and RBS Digital Regular Savers

Rate above 5k drops to 1.60% from 1.75% effective 29th August. Headline rate of 6.17% up to and including 5k remains

Over £5,000 does not affect me but pleased to read the drop is less than the 0.25 basis points rate cut.

Stargunner

schiff said:

ForumUser7 said:

NatWest and RBS Digital Regular Savers

Rate above 5k drops to 1.60% from 1.75% effective 29th August. Headline rate of 6.17% up to and including 5k remains

Would you post a link to the fuller details of the affected T&Cs by this announcement pse. I had forgotten about the £5000 limit and I am due to reach it in a few months time. Is it for example including interest or not in the £5000 limit? 
TIA

The t&c’s can easily be found on either of their websites as these are still active accounts. The interest is paid on the full £5000, but not a penny more, so once the interest is paid on the 2nd of each month I just withdraw it.

flaneurs_lobster

londoner62 said:

ForumUser7 said:

NatWest and RBS Digital Regular Savers

Rate above 5k drops to 1.60% from 1.75% effective 29th August. Headline rate of 6.17% up to and including 5k remains

Over £5,000 does not affect me but pleased to read the drop is less than the 0.25 basis points rate cut.

Pedantically, that would be 25 basis points (1 bp = 0.01%).

Descrabled

NatWest & RBS digital RS

I managed to accrue £5000 in these accounts last November. I withdraw the interest on the first working day of the month. I calculate the interest as £300*days in month/365. For July this equates to £25.479, and I withdrew £25.48 on 1 August (the day before interest shows in accounts).

Note that they ignore the leap year being 366 days.

fabsaver

Monmouthshire: 8% Exclusive Regular Saver & 7% Regular Saver Issue 2

My 1st August 13th deposits haven't been credited yet to either account. I've checked the terms for both these accounts and they definitely do not state anything about a £3,600 maximum balance (their earlier Coronation Regular Saver did have such a term).

If my deposits get returned I'll be complaining and quoting their own terms at them. If anyone didn't save a copy then archived copies of the summary box and terms are linked in this helpful post by @Bridlington1