📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Regular Savings Accounts: The Best Currently Available List!

Options
1136113621364136613671703

Comments

  • Does anyone know/remember how quickly the money from Monmouthshire BS regular savers takes to hit a bank account upon maturity? 

    The 7% and 8% accounts I opened last year are maturing on 30th August, but thinking of possibly closing them a couple days early to get the money back so I can fund some other regular savers before September starts (if there's going to be a delay of a few days in them sending the money after maturity).
    For the Coronation saver matured 27th April (Sat) the money arrived late afternoon on the 29th (Mon). Like you my 8% matures on the 30th, but given it's a Friday whilst it's possible they could arrive on the Sat, I'm not going to rely on that and am assuming I won't receive funds until Mon 2nd, so will use other funds for my 1st of the month RS payments and replenish that account once the Monmouthshire funds arrive.
  • Speculator
    Speculator Posts: 2,353 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Does anyone know/remember how quickly the money from Monmouthshire BS regular savers takes to hit a bank account upon maturity? 

    The 7% and 8% accounts I opened last year are maturing on 30th August, but thinking of possibly closing them a couple days early to get the money back so I can fund some other regular savers before September starts (if there's going to be a delay of a few days in them sending the money after maturity).
    For the Coronation saver matured 27th April (Sat) the money arrived late afternoon on the 29th (Mon). Like you my 8% matures on the 30th, but given it's a Friday whilst it's possible they could arrive on the Sat, I'm not going to rely on that and am assuming I won't receive funds until Mon 2nd, so will use other funds for my 1st of the month RS payments and replenish that account once the Monmouthshire funds arrive.
    When was your 8% opened?

    Mine was opened 29/8/23 so I assume it will mature 29/8/24 hopefully. Need the money to fund other regular savers like t1redmonkey.

    If I don't get the money by 30/8, I might change the dates of some standing orders to 3/9.
     
  • Snapdragon
    Snapdragon Posts: 341 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Does anyone know/remember how quickly the money from Monmouthshire BS regular savers takes to hit a bank account upon maturity? 

    The 7% and 8% accounts I opened last year are maturing on 30th August, but thinking of possibly closing them a couple days early to get the money back so I can fund some other regular savers before September starts (if there's going to be a delay of a few days in them sending the money after maturity).
    For the Coronation saver matured 27th April (Sat) the money arrived late afternoon on the 29th (Mon). Like you my 8% matures on the 30th, but given it's a Friday whilst it's possible they could arrive on the Sat, I'm not going to rely on that and am assuming I won't receive funds until Mon 2nd, so will use other funds for my 1st of the month RS payments and replenish that account once the Monmouthshire funds arrive.
    When was your 8% opened?

    Mine was opened 29/8/23 so I assume it will mature 29/8/24 hopefully. Need the money to fund other regular savers like t1redmonkey.

    If I don't get the money by 30/8, I might change the dates of some standing orders to 3/9.
     
    I applied for both 7 & 8% on the 23rd but the 8% shows online that it wasn't opened until first monies credited on the 30th, therefore it presumably matures on the 30th which I think leaves it too tight for funding beginning of month savers, hence the decision to withdraw some EA money to be available for the RSs and then refill that account once the Monmouthshire funds do land. My 7% which took even longer to open, should mature a few days later.
  • Hattie627
    Hattie627 Posts: 354 Forumite
    100 Posts Second Anniversary Name Dropper
    Aldermore have announced a series of rate reductions from 3/9/24 (Thanks @FIREmenow for pointing this out in the EA thread).

    Of note though is that their Regular Saver Account Issue 1 is not listed as having its rate changed on 3/9/24 and is thus currently set to remain at 5.25% for the time being.
    A trend seems to be emerging of "no change" to variable rate regular saver accounts following the August base rate reduction of 0.25%. Unlikely of course to remain the case if/when further base rate cuts take place. 
  • Hattie627 said:
    Aldermore have announced a series of rate reductions from 3/9/24 (Thanks @FIREmenow for pointing this out in the EA thread).

    Of note though is that their Regular Saver Account Issue 1 is not listed as having its rate changed on 3/9/24 and is thus currently set to remain at 5.25% for the time being.
    A trend seems to be emerging of "no change" to variable rate regular saver accounts following the August base rate reduction of 0.25%. Unlikely of course to remain the case if/when further base rate cuts take place. 
    Early days, I think they'll be quite a few more to come next week
    Only 11 of my 28 variable accounts have declared their hand so far YBS / COV / Gatehouse / Furness / Leeds / Progressive + others still to come
  • Hattie627 said:
    Aldermore have announced a series of rate reductions from 3/9/24 (Thanks @FIREmenow for pointing this out in the EA thread).

    Of note though is that their Regular Saver Account Issue 1 is not listed as having its rate changed on 3/9/24 and is thus currently set to remain at 5.25% for the time being.
    A trend seems to be emerging of "no change" to variable rate regular saver accounts following the August base rate reduction of 0.25%. Unlikely of course to remain the case if/when further base rate cuts take place. 
    Multiple ones of my variables have reduced
  • Does anyone know/remember how quickly the money from Monmouthshire BS regular savers takes to hit a bank account upon maturity? 

    The 7% and 8% accounts I opened last year are maturing on 30th August, but thinking of possibly closing them a couple days early to get the money back so I can fund some other regular savers before September starts (if there's going to be a delay of a few days in them sending the money after maturity).
    For the Coronation saver matured 27th April (Sat) the money arrived late afternoon on the 29th (Mon). Like you my 8% matures on the 30th, but given it's a Friday whilst it's possible they could arrive on the Sat, I'm not going to rely on that and am assuming I won't receive funds until Mon 2nd, so will use other funds for my 1st of the month RS payments and replenish that account once the Monmouthshire funds arrive.
    When was your 8% opened?

    Mine was opened 29/8/23 so I assume it will mature 29/8/24 hopefully. Need the money to fund other regular savers like t1redmonkey.

    If I don't get the money by 30/8, I might change the dates of some standing orders to 3/9.
     
    I've noticed you can give a specific closure date online by the way.  So I'm probably going to ask for the 7% one to be closed on Tuesday 27th, so I should have the money by the end of that week (I miss out on 3 days of interest at 7% but more important for me to have the money before end of August).
  • schiff
    schiff Posts: 20,264 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 11 August 2024 at 2:12PM
    Monmouth

    My Christmas Issue 5 maturity letter was dated 21/11, received 27/11. Maturity date was 9/12, so my Exclusive letter is getting overdue (maybe we caused it with the palaver over the current two!). Opened 23/8/23.

    23/8 is a Friday and an Easy Saver at 4.80% was on offer last time. If there is something similar this time I think I'll take that route as withdrawal is easier and it avoids the weekend problem. The cash is not needed urgently.

Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.