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Regular Savings Accounts: The Best Currently Available List!

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  • Bridlington1
    Bridlington1 Posts: 3,756 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    edited 16 August 2024 at 5:14PM
    SRBS Regular Saver

    It doesn't appear there is a planned reduction in the rate on this account.

    "The impacted accounts are the Instant Access Cash ISA, Pullman Instant Access and Pullman Monthly, whose rates have reduced by 0.10%. Additionally, the 120-day Notice Account and 120 Day Notice Monthly Saver have a 0.20% reduction and the 60-day notice Cash ISA will see its rate reduce by 0.25%"

    https://srbs.co.uk/news/bank-of-england-base-rate-reduction/
    I'm afraid I beat you to it last week.

    Though a few other regular savers that are holding their rates for now:

    Suffolk BS have announced a series of interest rate reductions from 2/9/24.

    Of note is that the following accounts remail unchanged:

    Currently available:
    Variable Rate Regular Saver (31.05.2026) at 5% (no change)
    Online 1 Year Variable Rate Regular Saver (30.09.2025) at 5.15% (no change)

    NLA:
    Variable Rate Regular Saver (31.12.2025) at 5% (no change)
  • Bridlington1
    Bridlington1 Posts: 3,756 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    Poor rates these days but may be of interest to those who have held onto the accounts with the minimum balance:

    Buckinghamshire BS Rate Decreases From 1/9/24:

    Regular Saver from 4% to 3.75%
    Regular Saver Locals (NLA) from 4.4% to 4.15%
  • where_are_we
    where_are_we Posts: 1,220 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    SRBS RS1 remaining at 5.15% offers easy access. However, do you still have to post a letter plus passbook to make a withdrawal to your nominated account? Not particularly easy!
  • Speculator
    Speculator Posts: 2,353 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    SRBS RS1 remaining at 5.15% offers easy access. However, do you still have to post a letter plus passbook to make a withdrawal to your nominated account? Not particularly easy!
    Made a withdrawal on 24/5/2024 and had to send passbook.
  • Kim_13
    Kim_13 Posts: 3,442 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    SRBS RS1 remaining at 5.15% offers easy access. However, do you still have to post a letter plus passbook to make a withdrawal to your nominated account? Not particularly easy!
    Made a withdrawal on 24/5/2024 and had to send passbook.
    Made a withdrawal at the beginning of August, sent passbook and letter at the beginning of August, leaving off my address (as I had done on two previous occasions, to ensure that should my request by intercepted in the post, they wouldn't have my full ID.) Received a call a few days later explaining that they had changed their procedures and now needed the address stated with the request.) Thankfully they allowed me to email it in rather than returning my passbook without processing the withdrawal.
  • I don't know if this has been mentioned. Yorkshire BS's three different RS accounts (5.75% loyalty, 5.25% regular, 5.00% first home, all variable) now appear to be NLA in their respective online variants. But they all still seem to be available for branch/postal applications (one wonders for how long).
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