Regular Savings Accounts: The Best Currently Available List!

soulsaver

Kazza242 said:

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.  

I'm guessing the options aren't brilliant ?

Kazza242

soulsaver said:

Kazza242 said:

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.  

I'm guessing the options aren't brilliant ?

The Monmouthshire BS maturity product options are not great.  I would have preferred to have been offered a new competitive regular saver as a follow-on product.  Instead, they are offering:

• Easy Saver (issue 1) -: 3.50%
• Limited Access Saver -: 4.80%
• Maturity 1 Year Fixed Rate Bond (issue 22) -: 4.74%
• Maturity 18 Month Fixed Rate Bond (issue 1) -: 4.55%
• Maturity 2 Year Fixed Rate Bond (issue 23) -: 4.45%

soulsaver

Kazza242 said:

soulsaver said:

Kazza242 said:

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.  

I'm guessing the options aren't brilliant ?

The Monmouthshire BS maturity product options are not great.  I would have preferred to have been offered a new competitive regular saver as a follow-on product.  Instead, they are offering:

• Easy Saver (issue 1) -: 3.50%
• Limited Access Saver -: 4.80%
• Maturity 1 Year Fixed Rate Bond (issue 22) -: 4.74%
• Maturity 18 Month Fixed Rate Bond (issue 1) -: 4.55%
• Maturity 2 Year Fixed Rate Bond (issue 23) -: 4.45%

Thanks Kazza, much appreciated. Don't know why they've not written to me so that info is really helpful ... if not appealing..  

ThePirates

First Direct Regular Saver

I have a FD Regular Saver running with a Standing Order on the 8th of the month due to mature in a couple of months. 

How quick is it to close the existing one and open a new one so the future Standing Order is on the 1st of the month?
#OCD 😉

jameseonline

ThePirates said:

First Direct Regular Saver

I have a FD Regular Saver running with a Standing Order on the 8th of the month due to mature in a couple of months. 

How quick is it to close the existing one and open a new one so the future Standing Order is on the 1st of the month?
#OCD 😉

I don't think you can close the standing order and set a new one up.

Also if you close the account early you'll get penalty.

soulsaver

ThePirates said:

First Direct Regular Saver

I have a FD Regular Saver running with a Standing Order on the 8th of the month due to mature in a couple of months. 

How quick is it to close the existing one and open a new one so the future Standing Order is on the 1st of the month?
#OCD 😉

Best phone FD, they're famous for their service, but evenso, I think @jamesonline is correct.

jameseonline

I think you'll have to let the account reach maturity unless you want 2% interest for the whole time your money was in the account (think it's the same/similar for HSBC's 5% regular)

The date was already set when you opened the account & is automatic each month, so you can only ever do 12 payments for First Direct.

If you do a new regular savings account with them and want an earlier date then you'll need to open it earlier than you did with your current one I think 

masonic

jameseonline said:

ThePirates said:

First Direct Regular Saver

I have a FD Regular Saver running with a Standing Order on the 8th of the month due to mature in a couple of months. 

How quick is it to close the existing one and open a new one so the future Standing Order is on the 1st of the month?
#OCD 😉

I don't think you can close the standing order and set a new one up.

Also if you close the account early you'll get penalty.

In practice, you can remove and recreate the standing order, but moving the date earlier will only result in earning interest at the standard savings rate on the deposit until the normal standing order date (maximum balance increases by £300 per account month).

Gers

Ford Money RS - only 4.75% for £200p.m 

fun4everyone

Saffron BS Small Saver reducing from 5.75 to 5.50% 30th Aug.

They have other reductions as well including on other regular savers, but that was the one I have.