Regular Savings Accounts: The Best Currently Available List!

Kim_13

Changed my mind and applied for the Monmouthshire Exclusive after all. It wasn’t listed on Moneyfacts today that I could see, so I wondered if it would go NLA tomorrow. 

I have 6% fixes until January, so in that sense not that appealing at the moment, but I’ll be able to get this one to run to late September - into October 2025. By the time the £50 needs to be paid in, Nationwide Flex Regular Saver will have paid out interest which can fund it. The higher deposit limit makes it worth the minimum to secure the account - who knows what’ll be left by the time I actually need more RS capacity and as others have since found, the withdrawal option would be there in the event of a rate reduction.

Nick_C

I applied for the Monmouthshire RS today.  I will only be putting £1500 into it in the first three months, but the appeal to me is that the interest won't be paid until 2025, and that makes it more useful than either Santander Edge or NatWest RS (which pay monthly), as I am close to the £1k threshold for this year, and don't want to go over it. 

arsenalboy

MBS
I applied for the Exclusive reg saver last week and received the signature form this morning, have added the account online and it is showing as "pending". I will return the form but have missed todays post unless I go for a long drive. If I transfer £500 in tomorrow what will happen as they probably wont get form until Friday and it might be Monday (Sept) before they action it?  Will this count as an August payment into account? 

chris_the_bee

arsenalboy said:

MBS
I applied for the Exclusive reg saver last week and received the signature form this morning, have added the account online and it is showing as "pending". I will return the form but have missed todays post unless I go for a long drive. If I transfer £500 in tomorrow what will happen as they probably wont get form until Friday and it might be Monday (Sept) before they action it?  Will this count as an August payment into account? 

It will stay pending until funds are received. They do not post payments until the day after receipt, so if you pay tomorrow (Wednesday), they wont post to your account until Thursday. The account may stay as pending until your form is received which means you will not be able to withdraw funds. Interest should accrue from their date of funds receipt (Wednesday) if you use FPS.

castle96

Funds showing as credited the same day as form posted

badger09

MONBS RS
I applied for this 22/8 & received signature letter today.  I’ve added account to ‘My Accounts’ & sent initial £500 by FP this morning. I’ll post signature form tomorrow & set up SO from 1 Sept as soon as £500 appears. 

Kim_13

Hinckley and Rugby

Having set up online access on the new system, it seems as though it would allow a withdrawal to my now in place nominated account without having to present the passbook. Can anyone confirm whether this is the case?

Was going to send off to withdraw down to minimum balance to while the notice waiver is in place and redepositing in other higher paying RSs, but if I could save on the postage I’ll wait a month until the account matures (guessing that the online system will not recognise that a waiver is in place.)

GalacticaActual

The Virgin Money Regular Saver Exclusive is only available until 3pm this Friday, 30th August 2024.

Apologies if it has been mentioned before but it has just appeared as a sponsored advert on my Facebook feed this afternoon.

Their website has been updated today to reflect this - it wasn’t mentioned on Saturday (24th August 2024) when I applied and successfully opened the regular saver (I saved the website page as a PDF).

https://uk.virginmoney.com/savings/products/regular_saver_exclusive_issue_1/

Don’t hang around, our Regular Saver Exclusive is only available until 3pm on 30 August 2024 - so make sure you apply before then!

jameseonline

That's code for we have way too many people wanting the account so we axing it but we knew that given the forum replies, still I managed to get compo out of them, took them a few days to pay me but yeah & I got the account opened in the end

Aidanmc

Bridlington1 said:

flaneurs_lobster said:

Bridlington1 said:

Aidanmc said:

Bridlington1 said:

Progressive BS Interest Rate Reductions From 2nd September:

Various rates will be decreasing, of note is that there is no change to the interest rate on their Online Regular Rainy Day Saver at 7%, thus this account will be remaining at 7% for now.

Is there a list of their changes, cant see it on the site?

The double access cash ISA is still showing 5.05% which is the one i'd be interested in atm

Not that I've seen. I was one of those who opened the 7% RS before it became available to all UK residents so had to open a Branch Instant Access Saver first. I got a letter saying the branch instant saver was reducing from 3% to 2.75% on 2/9/24.

I gave Progressive BS a ring and they told me they were reducing many of their savings rates but checked and confirmed the 7% regular saver wasn't included in this so would remain at 7% for now. I never asked about any of the other accounts as I was just about to start eating my tea when I opened the letter and don't hold the 5.05% ISA so it wasn't at the forefront of my mind.

You prioritised eating over checking regular savings accounts' interest rates?

Lightweight.

I know, it's not up to my usual standards is it?

In my defence I've a slight cold at the moment, which has decimated my voice somewhat, consequently I took the rare decision to keep my telephone interactions with the banks/building societies to a minimum till the cold's eased off a bit.

I have since sent them a message online asking them whether their other regular savers and the 5.05% ISA is going to be affected, but I doubt I'll hear back from them till after the bank holiday to be fair.

Just wondering if you've had any reply from Progressive re the 5.05% ISA?

It will be a leading rate soon now Trading 212 are cutting theirs.

Hope you're feeling better now