Regular Savings Accounts: The Best Currently Available List!

surreysaver

System issue. Makes it sound like its a computer's fault. The computers are only doing what the humans tell them

Bridlington1

Mansfield BS Interest rate Reductions from 1/9/24:

Currently Available:
Bonus Regular Savings (8th issue) from 6.1% to 5.85%
Regular eSaver 30 (1st issue) from 4.5% to 4.25%

Young Regular Saver (3rd issue) from 4.75% to 4.5% 

NLA:
Kick Start Regular Savings (7th issue) from 4.25% to 4% after 12 months (6.1% rate for first 12 months is fixed)
Regular Savings (2nd issue) from 4.25% to 4%
Regular Savings (3rd - 6th issues, including 150th anniversary issue) from 4.25% to 4%
Regular Savings 30 (1st issue) from 4.5% to 4%

Young Regular Saver (1st and 2nd issue) from 4.75% to 4.5%

Bridlington1

Leek BS Interest Rate Reductions from 2/9/24:

Currently Available:
Regular Saver (Issue 3) from 5.25% to 5%

NLA:
Regular Savings Account (Issue 1 and 2) from 3.8% to 3.55%
Homebuyers Regular Savings from 3.8% to 3.55% 

subjecttocontract

Stargunner said:

Rob_Wills said:

I have registered a complaint, enquiry really, as to why @VirginMoney require a mobile to open a current account?

Why they appear to be turning down £10s of millions from people who want to invest with them who don't have a mobile?

Regular Saver Exclusive

Save up to £250 a month for 12 months and get a fixed rate of 10.38% AER¹ (10.00% Gross²). Ker-ching! Conditions apply.  This account requires a current account with @Virgin but is not available unless a current account is opened.

@MSE should make this clear...

Are you not aware that at least 98% of UK adults own a mobile phone, so Virgin are not missing out on many people that want to bank with them.

Even I have a mobile phone (it's not a smart phone) and we operate a very low tech household. I'm still watching films on VHS video tapes.
I'm not quite as bad as others I know who have their maintenance man change light bulbs when they go because they just don't know how !

drphila

gt94sss2 said:

simonsmithsays said:

MBS

More worrying is that my OH got told the monthly s.os were returned due to 'system issues' and invited to send them again

Same response here

"It has come to our attention that there was a technical issue with the system and sincerely apologise for this and any inconvenience this may have caused."

It was a combination of both. The system was not designed for, and could not cope with, the very large number of payment bounce-backs.

twadds123

Lloyds, BOS, Halifax regular savers.

I have all these due to end in a few months time,  just wondering if any one feels it is worth using the "renew" trick to start them again now to lock in the interest rate for another 12 months?

With the base rate coming down just wondering if they will drop their rates in the coming months?

Bridlington1

twadds123 said:

Lloyds, BOS, Halifax regular savers.

I have all these due to end in a few months time,  just wondering if any one feels it is worth using the "renew" trick to start them again now to lock in the interest rate for another 12 months?

With the base rate coming down just wondering if they will drop their rates in the coming months?

One other angle to consider though is that regular savers are at their most profitable towards the end of their terms. If you refresh now, who's to say that in a 6 months time they won't reduce the rates again, and leave you pondering the question of whether to refresh again to lock in the new rate to prevent being lumbered with a lower rate later on. If you do that a few months later they could reduce again, then where would you be?

If this happens you could find yourself stuck in a loop of refreshing to get lower rates without having much in the accounts and may find you'd've been better off just letting your regular savers run to maturity and opening whatever rate is available at the time.

FWIW I'd probably be inclined to let them run to maturity, though it would depend on their rates in comparison to my other accounts (if they were close to being emptied to feed other regular savers I'd probably be more inclined to refresh at the end of the month, if they were well worth the funding I'd be more likely to hold out till maturity)

Without a crystal ball I can't say for sure though, but I'd lean against refreshing now to be honest.

35har1old

kaMelo said:

schiff said:

Has anyone got an email address for Virgin customer services? I'm struggling to log on - I know my customer number and password but they aren't accepted. Severe deafness restricts using the phone. TIA

The current account login portal is a username, try your email address as the username.

The customer number login is for the savings version of Virgin Money.

 Not everybody can remember a email address from a number of years back given you could have numerous email addresses I never used one for Virgin Money
Or for Virgin Money they use what was the Clydesdale platform and user ID is a 10 digit number.
The old Virgin Money platform for some products the user ID is a 7 character format which can be all letters or mixture of numbers and letters 

35har1old

financialbliss said:

RosieRooBear said:

@DJDools, I did the same a month ago with a joint account. Opened two single current accounts yesterday for both myself and my husband so we can both have a regular saver each, and all went smoothly. Apparently you can only have one regular saver on a joint account which is why we went for a current account separately, so will be interesting if @financialbliss is able to open both.

Quick update. Despite "technical issues" yesterday, I've received an email this morning confirming the RS is open. My other half has also received a similar email. Checking both accounts, the account numbers are some way apart and are both showing as individual accounts, depite the current account and M+ saver showing as joint.

Note that under ithe VM additional info it says "You can only have one Regular Saver Exclusive at any time, this includes joint accounts" - wonder if that means that each individual can only have one RS, rather than you can only have one RS per current account.

https://uk.virginmoney.com/savings/products/regular_saver_exclusive_issue_1/#additional-information.

Time will tell - inclined to leave for now. Haven't funded either RS yet - going to do so shortly.

It means if you open a joint regular saver you can't open another in sole mames

easyasonetwothree

twadds123 said:

Lloyds, BOS, Halifax regular savers.

I have all these due to end in a few months time,  just wondering if any one feels it is worth using the "renew" trick to start them again now to lock in the interest rate for another 12 months?

With the base rate coming down just wondering if they will drop their rates in the coming months?

For Lloyds at least they say you can't open another regular Saver until the 12 month anniversary anyway. So I don't think the renew trick works with them?