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Regular Savings Accounts: The Best Currently Available List!
Comments
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[Deleted User] said:jameseonline said:[Deleted User] said:jameseonline said:[Deleted User] said:MonBs
Hello.
I just managed to open the Regular saving (issue 3 ) 4.75% a week or so before the newer issue was live.
But now they have this Exclusive RS do you think it worth it to ditch and switch to this one.
BTW I'm only funded it to 150 per month.
But then if you close your existing account would that invalidate you being able to have the new one?.
I don't know, maybe contact them or keep your current one, don't fund it anymore and wait for that to mature, in the meantime open the 6%, and concentrate on funding that going forward.
I'm not sure what else to saying regards to Monmouthshire because I've never really had much of a relationship with them, hopefully someone else can advise better.
Also I'm a bit concerned as to why you opened a 4.75% regular in the 1st place tbh.
You seem to be opening quite a few accounts recently too.
You won't get the best interest if you don't max regular savings accounts each month AND if you aren't funding the best regulars it's going to be even worse for you.
Further points:
The best regular currently is 10% with Virgin and your current Monmouthshire one is a 4.75%
What you could have done is open an easy access saver with Monmouthshire funded it with a lot less than you put in the 4.75% regular & still be eligible for that 6% and you would have more money to use for funding things.
You have easy access accounts paying 5.08% in the case of Cahoot on upto £3000, Santander Edge Saver 6% on upto £4000, both paying monthly so a 4.75% regular is pretty pointless tbh
I've maxed out my top % Regular Savers now with RBS, First Direct and the virgin 10% one.
I also have already opened a easy access account with monBS done it a few days after the RS %4.75 was opened.
Since l started posting on here lve had a few changes so now have extra cash to invest in savings.
I'm still learning about what to put where but lm definitely won't be opening many, if any accounts now until next year.
I really appreciate all the advice and insight lm getting of this forum.
Might want to get a NatWest one too, pays same as the RBS (both easy access @ 6%, they both take a while to max though, hence why I opened both)
We all started somewhere with Regulars and even myself still ends up asking questions about them and other accounts.1 -
castle96 said:Letter from Sant 16/6.. 6.78% down to 4.41% on 17/8. Lower rate showing now on my a/c3
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Stargunner said:castle96 said:"You can close and set a new one up though unless I've missed something?" Can you? Where does it say this?0
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jameseonline said:[Deleted User] said:jameseonline said:[Deleted User] said:jameseonline said:[Deleted User] said:MonBs
Hello.
I just managed to open the Regular saving (issue 3 ) 4.75% a week or so before the newer issue was live.
But now they have this Exclusive RS do you think it worth it to ditch and switch to this one.
BTW I'm only funded it to 150 per month.
But then if you close your existing account would that invalidate you being able to have the new one?.
I don't know, maybe contact them or keep your current one, don't fund it anymore and wait for that to mature, in the meantime open the 6%, and concentrate on funding that going forward.
I'm not sure what else to saying regards to Monmouthshire because I've never really had much of a relationship with them, hopefully someone else can advise better.
Also I'm a bit concerned as to why you opened a 4.75% regular in the 1st place tbh.
You seem to be opening quite a few accounts recently too.
You won't get the best interest if you don't max regular savings accounts each month AND if you aren't funding the best regulars it's going to be even worse for you.
Further points:
The best regular currently is 10% with Virgin and your current Monmouthshire one is a 4.75%
What you could have done is open an easy access saver with Monmouthshire funded it with a lot less than you put in the 4.75% regular & still be eligible for that 6% and you would have more money to use for funding things.
You have easy access accounts paying 5.08% in the case of Cahoot on upto £3000, Santander Edge Saver 6% on upto £4000, both paying monthly so a 4.75% regular is pretty pointless tbh
I've maxed out my top % Regular Savers now with RBS, First Direct and the virgin 10% one.
I also have already opened a easy access account with monBS done it a few days after the RS %4.75 was opened.
Since l started posting on here lve had a few changes so now have extra cash to invest in savings.
I'm still learning about what to put where but lm definitely won't be opening many, if any accounts now until next year.
I really appreciate all the advice and insight lm getting of this forum.
Might want to get a NatWest one too, pays same as the RBS (both easy access @ 6%, they both take a while to max though, hence why I opened both)
We all started somewhere with Regulars and even myself still ends up asking questions about them and other accounts.
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jameseonline said:JamesRobinson48 said:[Deleted User] said:MonBs
Hello.
I just managed to open the Regular saving (issue 3 ) 4.75% a week or so before the newer issue was live.
But now they have this Exclusive RS do you think it worth it to ditch and switch to this one.
BTW I'm only funded it to 150 per month.
Either way does the account malt described have a minimum operating balance?, in which case in theory could move the majority of money out of that account and into another.
The regular saver 4.74% as a minimum of £25 per month.1 -
Bridlington1 said:Hattie627 said:Those of us who have applied today for the new Mon BS Exclusive RS and are awaiting the signature form and account details:- I think we will be lucky to get the first payment in by the end of the month but we shall see.
As someone pointed out upthread, Mon BS account-opening procedures are not the quickest, so it is best to be aware of this and be patient. They get there in the end.
Although the 6% rate is variable, I reckon that it will be maintained for the full year unless there is more than one base rate drop between now and then. So definitely worth having this account, IMHO.
We should be receiving online signatory forms in the post within the next week or so, these should contain the regular saver account number, which you can then use to fund the account using the sort code/account numbers in any MBS passbook.
Moreover I'd expect that this time round they may not be as busy as last year given that they've imposed a hard cut off date for eligibility and they're only offering the one regular saver (with a reduced rate from last year, albeit with a higher maximum monthly deposit).
I'd agree on your point about being patient with MBS though, I'd imagine they'll still be rather busy at the moment and pestering them will only cause delays. I've applied for mine so I'm just going to let them get on with it till I hear more from them.You are correct about the launch date last year. I opened both in store that day after double checking with the staff that as an existing member I was entitled have both. This year due to time constraints I opened the new one online last night.0 -
The Suffolk Building Society 'Smart Save Monthly' and 'Holiday Save' regular saver account interest rates will be reducing from 5.15% to 4.90% w.e.f. 2nd September 2024.
Both accounts are NLA.
Source: Letter received today from Suffolk Building Society.Please call me 'Kazza'.3 -
Have I understood this correctly?
The Monmouthshire 6% Exclusive RS is only available to existing members, but they still want a new signature form in every case?0 -
Not a top one but may be of interest to some:
State Bank of India have now launched a Regular Saver Account at 5% fixed (branch opening only, but can be managed online).
Account can be opened with £20 and allows you to deposit up to £1k/mth.
Pays a lower rate of 1.95% in months where withdrawals are made (reverts to 5% in later months)
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