Regular Savings Accounts: The Best Currently Available List!

wiseonesomeofthetime

Coventry BS

Sunny Day Saver opened and funded from my First Home Saver (Issue 1), and regular transfer set up between the two for £150, keeping it simple and administrative-free, and took literally minutes.

ToiletLicker

jameseonline said:

jameseonline said:

Just opened the 6.25% Coventry Sunny Day, really easy to open, funded (probably won't show up for a while but yeah).

Next step for me is closing the 5.75% (or whatever it is now) YBS Loyalty Regular and moving the funds to my 7% Santander Edge Saver.

Closed the YBS one, hopefully getting those funds by end of tomorrow. 😊

Think my minimum rate for regulars is now 6%, highest 10%. 😊

Always fun to initially simplify and get better accounts 🤣

Show off! Gutted I missed the 10%er 😮‍💨

Bridlington1

As pointed out by @SaveTheEuro in the main EA thread Leeds BS have announced interest rate cuts from 27/9/24. Of note are the following:

REGULAR SAVER (ISSUE 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53 & 54) from 5.25% to 5.1% (brings it in line with the currently available issue 55)

Home Deposit Saver- NO CHANGE for balances below £30k (remains at 5.15%)

clowning

I opened and funded my Coventry Sunny day saver in minutes. I am an existing customer but I applied without logging in and it is one of the easiest accounts I have ever opened

jameseonline

ToiletLicker said:

jameseonline said:

jameseonline said:

Just opened the 6.25% Coventry Sunny Day, really easy to open, funded (probably won't show up for a while but yeah).

Next step for me is closing the 5.75% (or whatever it is now) YBS Loyalty Regular and moving the funds to my 7% Santander Edge Saver.

Closed the YBS one, hopefully getting those funds by end of tomorrow. 😊

Think my minimum rate for regulars is now 6%, highest 10%. 😊

Always fun to initially simplify and get better accounts 🤣

Show off! Gutted I missed the 10%er 😮‍💨

Been playing the Regular Savings game a few years now, been using MSE website same time, been on this forum a few months.

I'm in with a lot of banks, building societies etc so it all helps.

It's taken time to build up things, doesn't happen straight away.

allegro120

jameseonline said:

I guess it's because providers aren't really bothered about what makes sense for us but what makes sense for them, so going from a high paying regular then converting it to a low easy access then we move money from that into current (then out) or to other savings account with same provider.

Basically the provider would rather you earn the worst rates possible by leaving it up to us to move money, close account etc.

Not everyone is going to be savvy enough to ditch a poor paying account, even though it's pretty easy to do.

I just wait till things get converted then move most of if not all money out.

Only exception for me is Saffron, when I close an account or an account is maturing I always tell them to put all funds into my existing easy access account and they do, thus stopping the creation of a poorly paying maturity account.

… and not everyone is going to cancel their SO set on ‘until further notice’.  I guess this is a good way for banks to mitigate their losses from regular savers.  High paying regular savers are marketing tools and come at expense. 

JamesRobinson48

Yorkshire BS has today reopened its range of RS accounts to online applications, following the recent reduction in interest rates:

Loyalty Regular eSaver 5.65% variable

Regular eSaver 5.05% variable

First Home eSaver 4.90% variable

For the past few weeks the three above accounts were available only in their non-online versions, i.e. for branch/postal applications (posted by me here on 17 August).

Apologies if anyone beat me to it.


EDIT:  While the product is listed on YBS website as available, the application links don't appear to work!

EDIT 2: Now NLA again!

WillPS

JamesRobinson48 said:

Yorkshire BS has today reopened its range of RS accounts to online applications, following the recent reduction in interest rates:

Loyalty Regular eSaver 5.65% variable

Regular eSaver 5.05% variable

First Home eSaver 4.90% variable

For the past few weeks the three above accounts were available only in their non-online versions, i.e. for branch/postal applications (posted by me here on 17 August).

Apologies if anyone beat me to it.

Good spot, interesting that they're back - I presumed they'd replaced by newer (better) issues. Oh well, we'll do £50/month in the 8% one when that launches and hope for better luck when it comes to their 'Christmas' offerings.

Kim_13

Wasn’t Loyalty about twice the margin previously vs the Regular as it is now? Will also only do the 8%. At least I can max that one out, I ended up hardly using my Loyalty 7% as I had the Monmouthshire version which gave unlimited withdrawals at the same rate. 

jameseonline

jameseonline said:

jameseonline said:

Just opened the 6.25% Coventry Sunny Day, really easy to open, funded (probably won't show up for a while but yeah).

Next step for me is closing the 5.75% (or whatever it is now) YBS Loyalty Regular and moving the funds to my 7% Santander Edge Saver.

Closed the YBS one, hopefully getting those funds by end of tomorrow. 😊

Think my minimum rate for regulars is now 6%, highest 10%. 😊

Always fun to initially simplify and get better accounts 🤣

Got my money from YBS £1750 + £26.07 = £1776.07 closing balance, that's now in my Edge Saver 😊