Regular Savings Accounts: The Best Currently Available List!

Middle_of_the_Road

clowning said:

YBS Saver
I don’t think I’ll be bothering. £50 a month isn’t really worth it imo

Very poor offering from YBS compared to their previous regular savers. At least the £50max Nationwide Start to save had the possibility of winning the quarterly prize draw. 

Bazzalona13295

YBS :

The way I see it is that is more funds earning at 8%, ok its not a huge figure but its still 8%.

simonsmithsays

YBS new RS 

Fantastic offering at 8%

For those poo pooing the £50 per month.

Just think when a different institution offers a similar product for another £50 at a similar rate 

And then another offers one at a similar rate 

Before you know it you're running with scores of RS.

All maturing at different times.

All feeding each other.

And all ensuring your overall interest rate is very significant than your could get elsewhere.

And ensuring you have a presence in lots of institutions should a product or a prize draw or a loyalty bonus is paid.

Some on here have been doing it for years and years.

AmityNeon

trickydicky14 said:

PloughmansLunch said:

Bridlington1 said:

pokemaster said:

Yorkshire Building Society:

Our new Regular eSaver launches next week with an exclusive rate

Keep an eye on your emails during UK Savings Week for our exclusive Regular eSaver account that could be right for you. It's designed to help build savings with a lower monthly limit compared to our other Regular Saver accounts.

• £50/mth max

Shame there's not some digits missing from that figure

£50 are they having a laugh. That's about £26 interest, just about cover a fish and chip supper for me and the wife.

Approximately £10 over leaving the funds in a 5% account. That's three dinners for me and worth the minutes of annual administration.

simonsmithsays

trickydicky14 said:

PloughmansLunch said:

Bridlington1 said:

pokemaster said:

Yorkshire Building Society:

"Our new Regular eSaver launches next week with an exclusive rate 

 

Keep an eye on your emails during UK Savings Week for our exclusive Regular eSaver account that could be right for you. It's designed to help build savings with a lower monthly limit compared to our other Regular Saver accounts. "

Further details:

• £50/mth max
  

Shame there's not some digits missing from that figure

£50 are they having a laugh. That's about £26 interest, just about cover a fish and chip supper for me and the wife.

And yet you'll waste time and energy which could be put to use in applying for this product.

PS you've definitely made me hungry 🐠 🍟 

allegro120

Stargunner said:

Middle_of_the_Road said:

subjecttocontract said:

How much is the Coventry Sunny Day Reg Saver extra month worth ?

It's not about the final extra month, which would make pennies, it's getting the first deposit on the last day of the opening month, followed by another on the first day of the next month. This allows your  initial £300 to earn interest for 12 months.
An extra £9.37

If the account was not opened until the 1st of the month the extra £150 would be sitting in an easy access account earning around 5% at current rates, which would earn £7.50, so the difference for making a 13th payment for this one is very small. 

Most importantly if you wait until the end of month you have a good chance to miss the boat.

Middle_of_the_Road

orange-juice said:

Both of my YBS 7.0% and Nationwide 8.0% regular savers have received their 12th payments last month, and are due to mature at some point this month.

Is it possible/worthwhile depositing another payment? I think some people complained  a while ago, about Mon BS not applying interest properly to the 13th payment as the account had reached the deposit limit (12 monthly payments)?

YBS Loyalty regular e-saver23.

I mistakenly made a 13th payment to the account yesterday.
As of now the balance is £6,500. I will report if/when they return the payment.

allegro120

simonsmithsays said:

YBS new RS 

Fantastic offering at 8%

For those poo pooing the £50 per month.

Just think when a different institution offers a similar product for another £50 at a similar rate 

And then another offers one at a similar rate 

Before you know it you're running with scores of RS.

All maturing at different times.

All feeding each other.

And all ensuring your overall interest rate is very significant than your could get elsewhere.

And ensuring you have a presence in lots of institutions should a product or a prize draw or a loyalty bonus is paid.

Some on here have been doing it for years and years.

This month I paid £8,755 into RS accounts and I will top it up to £8,805 next week.  I don't bother calculating the profit, I just open and fund them. Any RS paying above 5.2%, never mind 8%, are worth opening, no matter what the max allowance is.

JamesRobinson48

Middle_of_the_Road said:

YBS Loyalty regular e-saver23.

I mistakenly made a 13th payment to the account yesterday.
As of now the balance is £6,500. I will report if/when they return the payment.

Based on my own recent experience, I think it's likely that YBS will wait a few weeks and then send you a cheque in the post.

Bridlington1

allegro120 said:

Stargunner said:

Middle_of_the_Road said:

subjecttocontract said:

How much is the Coventry Sunny Day Reg Saver extra month worth ?

It's not about the final extra month, which would make pennies, it's getting the first deposit on the last day of the opening month, followed by another on the first day of the next month. This allows your  initial £300 to earn interest for 12 months.
An extra £9.37

If the account was not opened until the 1st of the month the extra £150 would be sitting in an easy access account earning around 5% at current rates, which would earn £7.50, so the difference for making a 13th payment for this one is very small. 

Most importantly if you wait until the end of month you have a good chance to miss the boat.

Though it's worth noting that Coventry BS do allow you to ``refresh" regular savers pretty quickly in online banking.

I opened it yesterday, thus ``catching the boat". If it's still available on 30/9/24 I'll refresh it then so that I can get the benefit of the 13th payment as well.