Regular Savings Accounts: The Best Currently Available List!

wiseonesomeofthetime

Gers said:

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

May be of use to some as that 4.75% is fixed and withdrawals are permitted, so an easy access account "with limits", in effect.

where_are_we

Akin to the Ford Money RS @4.75% but a slightly better rate is the Santander RS@5% fixed £200/month with easy access (you need a Santander Current account and must fund from this account). Closed mine when it was uncompetitive but with the rates reducing it`s getting near the time to reopen.

jameseonline

where_are_we said:

Akin to the Ford Money RS @4.75% but a slightly better rate is the Santander RS@5% fixed £200/month with easy access (you need a Santander Current account and must fund from this account). Closed mine when it was uncompetitive but with the rates reducing it`s getting near the time to reopen.

I don't understand why 5% for a regular saver is deemed good, not when you have several paying higher.

You could have a Lloyds regular paying 5.25% (&/or a Club Lloyds at 6.25% with easy access to funds) with easy access to funds, Bank Of Scotland Regular paying 5.5% with easy access to funds.

Or even better get a Santander Edge Saver account, that's easy access and pays monthly.

Maybe even get a Cahoot (owned by Santander) Sunny Day account too, also easy access to funds.

jim1999

jameseonline said:

where_are_we said:

Akin to the Ford Money RS @4.75% but a slightly better rate is the Santander RS@5% fixed £200/month with easy access (you need a Santander Current account and must fund from this account). Closed mine when it was uncompetitive but with the rates reducing it`s getting near the time to reopen.

I don't understand why 5% for a regular saver is deemed good, not when you have several paying higher.

You could have a Lloyds regular paying 5.25% (&/or a Club Lloyds at 6.25% with easy access to funds) with easy access to funds, Bank Of Scotland Regular paying 5.5% with easy access to funds.

Or even better get a Santander Edge Saver account, that's easy access and pays monthly.

Maybe even get a Cahoot (owned by Santander) Sunny Day account too, also easy access to funds.

Well, they're not in themselves.

But if rates are going to drop, a lot of people will take a fixed option - especially one that allows withdrawals.

The Santander Edge account you mention just dropped from 7 to 6% in the last few days for new openings / refreshes.

And, in many cases people will already have Santander etc maxed out, so it's a case of finding other places to put additional funds.

I don't open Regular Savers below 7% at the moment unless there are some particularly preferable conditions attached to it, but I can understand why plenty will.

schiff

It is 'deemed good' if you already have the ones 'paying higher' 

where_are_we

Santander RS 19 - "jameseonline" - as others have said higher paying accounts have been maxed out.

Decision is when to open one. Minimum balance is £1 and you can miss as many months deposit as you like.

Remember it is an "anniversary" RS account so second deposit would be 1 month after the first and so on.

It is easy to open if you are already a santander customer.

If you have an old one still running you can close it and open a new one thus locking in for a further 12 months @5%.

PowerSavingMode

where_are_we said:

Santander RS 19 - "jameseonline" - as others have said higher paying accounts have been maxed out.

Decision is when to open one. Minimum balance is £1 and you can miss as many months deposit as you like.

Remember it is an "anniversary" RS account so second deposit would be 1 month after the first and so on.

It is easy to open if you are already a santander customer.

If you have an old one still running you can close it and open a new one thus locking in for a further 12 months @5%.

Re: Santander Regular eSaver 

I have the Issue 18 and I had no idea it's an 'anniversary' type account. I just pay in whatever sum is good for any given month on the first of each month. I *think* I received the correct due interest from Santander when it renewed itself and the interest was paid!

wmb194

DJDools said:

where_are_we said:

Santander RS 19 - "jameseonline" - as others have said higher paying accounts have been maxed out.

Decision is when to open one. Minimum balance is £1 and you can miss as many months deposit as you like.

Remember it is an "anniversary" RS account so second deposit would be 1 month after the first and so on.

It is easy to open if you are already a santander customer.

If you have an old one still running you can close it and open a new one thus locking in for a further 12 months @5%.

Re: Santander Regular eSaver 

I have the Issue 18 and I had no idea it's an 'anniversary' type account. I just pay in whatever sum is good for any given month on the first of each month. I *think* I received the correct due interest from Santander when it renewed itself and the interest was paid!

We don't have to guess, we can know; what do the terms and conditions say? If you have an ongoing SO in place at the time of maturity the regular saver will automatically renew at the prevailing rate.

https://www.santander.co.uk/assets/s3fs-public/AD_documents/regular_saver_issue_19_key_facts_document_save0670jul24ipgcdt.pdf

surreysaver

wmb194 said:

DJDools said:

where_are_we said:

Santander RS 19 - "jameseonline" - as others have said higher paying accounts have been maxed out.

Decision is when to open one. Minimum balance is £1 and you can miss as many months deposit as you like.

Remember it is an "anniversary" RS account so second deposit would be 1 month after the first and so on.

It is easy to open if you are already a santander customer.

If you have an old one still running you can close it and open a new one thus locking in for a further 12 months @5%.

Re: Santander Regular eSaver 

I have the Issue 18 and I had no idea it's an 'anniversary' type account. I just pay in whatever sum is good for any given month on the first of each month. I *think* I received the correct due interest from Santander when it renewed itself and the interest was paid!

We don't have to guess, we can know; what do the terms and conditions say? If you have an ongoing SO in place at the time of maturity the regular saver will automatically renew at the prevailing rate.

https://www.santander.co.uk/assets/s3fs-public/AD_documents/regular_saver_issue_19_key_facts_document_save0670jul24ipgcdt.pdf

I've had the Santander Regular Saver in the past and what's in the T&Cs isn't what happened. I stopped the standing order, but the account didn't close. I had to message them for some human intervention 

ircE

In case not already mentioned, Penrith BS Regular Saver 300 @ 6% is NLA.

Principality BS Triple Access Regular Saver @ 6% will be declining to 5.75% from 12th Sep.