Regular Savings Accounts: The Best Currently Available List!

Snapdragon

Speculator said:

Snapdragon said:

t1redmonkey said:

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.

Bridlington1

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.

Hattie627

Bridlington1 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. 

Wheres_My_Cashback

Hattie627 said:

Bridlington1 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

simonsmithsays

Hattie627 said:

Bridlington1 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

t1redmonkey

Speculator said:

Snapdragon said:

t1redmonkey said:

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

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.

Kazza242

schiff said:

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.

I received a letter (dated 7th August) from the Monmouthshire yesterday regarding my 8.00% Exclusive Regular Saver maturity options.  I am awaiting the maturity letter for my other Regular Saver (issue 2), paying 7.00%, which I suspect I will receive within a day or two. 

I also have an easy access account with the Monmouthshire.  When my Monmouth regular savers mature, I do an internal transfer to my easy access account and then transfer the funds out to my nominated current account.  I find it quicker doing it this way.  

surreysaver

Monmouth

I'm surprised there isn't the option online discussing maturity options. Post at the moment is rather sporadic, and I only seem to be getting post once every ten to 14 days.  Relying on post these days is somewhat unreliable 

trickydicky14

surreysaver said:

Monmouth

I'm surprised there isn't the option online discussing maturity options. Post at the moment is rather sporadic, and I only seem to be getting post once every ten to 14 days.  Relying on post these days is somewhat unreliable 

Tell me about it, I have not had a reliable postal service for over a year now. I can go 5 days with nothing then it all arrives at once. Post man says no staff and only parcels are being delivered regularly.