Regular Savings Accounts: The Best Currently Available List!

[Deleted User]

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.

jameseonline

[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.

Were you with Monmouthshire on/before/after they launched the 6% account?

[Deleted User]

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.

Were you with Monmouthshire on/before/after they launched the 6% account?

On the 14th of this month my first monies were in account.

jameseonline

[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.

Were you with Monmouthshire on/before/after they launched the 6% account?

On the 14th of this month my first monies were in account.

You qualify for opening the account it would seem.

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

castle96

Santander Edge Saver is now 4.41 from 17/8 (up to 4k)

jameseonline

castle96 said:

Santander Edge Saver is now 4.41 from 17/8 (up to 4k)

You can close and set a new one up though unless I've missed something?

castle96

"You can close and set a new one up though unless I've missed something?"   Can you? Where does it say this?

jameseonline

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.

Only you know whether the additional 1.25% p.a. interest is worth the hassle of opening one account and closing another, if you will be saving only small £ amounts.  Bear in mind that the 4.75% RS permits withdrawals during the term, whereas the 6% RS does not, so the account you have already is far more flexible (possibly that's one reason why you opened it in the first place). Also, if you do decide to switch, be sure to open and fund the new RS before closing the old one. Otherwise both your BS membership and online ID will probably expire and you would be back at square one, ineligible for the 6% RS.

I can't see a 4.75% on the site now so possibly an earlier issue unless it's the same as the 4.5% I'm seeing?

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.

friolento

castle96 said:

Santander Edge Saver is now 4.41 from 17/8 (up to 4k)

This is an easy access account, not a Regular Saver account.

That aside, where did you get this information from?

castle96

Sant Edge.... mmm seems so. "only one edge saver per edge current account". So open multiple edge current a/cs and have multiple saver a/cs, each with 6% on £4k.   ???????????