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Regular Savings Accounts: The Best Currently Available List!
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I've pretty much decided not to put any more money into the two latest Virgin RSs I have, nor to open the next one if it's 1%, nor to renew the RSs I have with TSB, Bank of Scot, Halifax, Lloyds Monthly. All because of the 1%. I'm fortunate to have Marcus at 1.05% (for now) and Skipton at 1.2% (for a year) with no limit on either. Makes life a bit easier.3
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"and Skipton at 1.2% (for a year) "
There is no guarantee that the rate will remain at 1.20% for a year. Only guarantee is a minimum interest rate of 0.50%, which is the bonus for that period.
The rest is variable.1 -
colsten said:I am a tad disappointed with Monmouthshire. A regular saver matured today, and whilst they (manually?) added the interest at some point during today, "transferred" the balance out, and closed the account, the money has not arrived in my current account. I don't now expect it until Monday. My linked account has been used before for transfers, so it's not a matter of incorrect account details.I consider myself to be a male feminist. Is that allowed?0
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wiseonesomeofthetime saidThere is no guarantee that the rate will remain at 1.20% for a year. Only guarantee is a minimum interest rate of 0.50%, which is the bonus for that period.
The rest is variable.2 -
homestraight said:Hi all
Simplistic question maybe but does anyone see a reason to reopen the 1% or less regular savers from Lloyd's and Halifax etc. I have one every year but now I have nsi 1.16% account so wasn't sure if the regular savers would serve any purpose?
Is it something about having one open and ready just in case? Is it that nsi and skipton etc are likely to drop rates significantly?
Would appreciate your thoughts.
Thanks
https://www.moneysavingexpert.com/news/2020/09/premium-bond-prize-rate-to-be-slashed-to-1-/
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surreysaver said:colsten said:I am a tad disappointed with Monmouthshire. A regular saver matured today, and whilst they (manually?) added the interest at some point during today, "transferred" the balance out, and closed the account, the money has not arrived in my current account. I don't now expect it until Monday. My linked account has been used before for transfers, so it's not a matter of incorrect account details.
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garfield33 said:homestraight said:Hi all
Simplistic question maybe but does anyone see a reason to reopen the 1% or less regular savers from Lloyd's and Halifax etc. I have one every year but now I have nsi 1.16% account so wasn't sure if the regular savers would serve any purpose?
Is it something about having one open and ready just in case? Is it that nsi and skipton etc are likely to drop rates significantly?
Would appreciate your thoughts.
Thanks
https://www.moneysavingexpert.com/news/2020/09/premium-bond-prize-rate-to-be-slashed-to-1-/1 -
Good job I popped £1 in the Skipton (0.7% var + 0.5% bonus til 9/21). Goodbye NSI on 24/110
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garfield33 said:With the announcement of the rate drop for NS&I products, the 1% regular savers are looking better again!
https://www.moneysavingexpert.com/news/2020/09/premium-bond-prize-rate-to-be-slashed-to-1-/2 -
It appears that Virgin Money have withdrawn regular e saver 18 which paid 1% guaranteed. No doubt they'll start no. 19 in a day or 2 paying a more paltry rate in light of NS&I slashing their rates.0
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