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Regular Savings Accounts: The Best Currently Available List!
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Principality appear to have launched a Triple access regular saver. Only £50 per month at 5.75% variable but may be of interest to some. As name suggests allows 3 withdrawals (closure counts as a withdrawal) and doesn't need a monthly payment so nothing to lose opening it.2
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It's the one they had at 6%, but just now with a reduced rate due to the base rate change. So a rate change rather than a new product if that makes senseSFindlay said:Principality appear to have launched a Triple access regular saver. Only £50 per month at 5.75% variable but may be of interest to some. As name suggests allows 3 withdrawals (closure counts as a withdrawal) and doesn't need a monthly payment so nothing to lose opening it.If you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.5 -
So much for National Savings WeekBridlington1 said:
I'm afraid @JamesRobinson48 beat you to it yesterday.TomJ said:
On a similar note, the Monmouthshire BS Exclusive Regular Saver (Issue 2) is no longer available either...Bridlington1 said:Progressive BS Online Regular Rainy Day Saver Account at 7% now NLA.I consider myself to be a male feminist. Is that allowed?6 -
Yes, it's the same account, the rate is reduced to 5.75% from today. To doublecheck I've made an attempt to open it and got the error message "Sorry You can't continue with your application for: 1 Year Triple Access Regular Saver (Online) You've opened the maximum number allowed for this savings account."ForumUser7 said:
It's the one they had at 6%, but just now with a reduced rate due to the base rate change. So a rate change rather than a new product if that makes senseSFindlay said:Principality appear to have launched a Triple access regular saver. Only £50 per month at 5.75% variable but may be of interest to some. As name suggests allows 3 withdrawals (closure counts as a withdrawal) and doesn't need a monthly payment so nothing to lose opening it.1 -
surreysaver said:
So much for National Savings WeekBridlington1 said:
I'm afraid @JamesRobinson48 beat you to it yesterday.TomJ said:
On a similar note, the Monmouthshire BS Exclusive Regular Saver (Issue 2) is no longer available either...Bridlington1 said:Progressive BS Online Regular Rainy Day Saver Account at 7% now NLA.
This year, National Savings Week seems to be an excuse for various companies to spam us with offers for a free (LOL) savings review.
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For the Loughborough, I know you need to send the passbook in for withdrawals. What I cannot find anywhere, in product or society T&Cs, is how withdrawals are performed.
Is it by cheque only, or can they do electronic payments? There is nowhere to note a nominated account on the applicatin form. The whole setup is looking a little too dated for the small benefit of a (currently) slightly competitive rate ...1 -
I think it's cheque or CHAPS withdrawals.gwapenut said:For the Loughborough, I know you need to send the passbook in for withdrawals. What I cannot find anywhere, in product or society T&Cs, is how withdrawals are performed.
Is it by cheque only, or can they do electronic payments? There is nowhere to note a nominated account on the applicatin form. The whole setup is looking a little too dated for the small benefit of a (currently) slightly competitive rate ...If you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.1 -
gwapenut said:For the Loughborough, I know you need to send the passbook in for withdrawals. What I cannot find anywhere, in product or society T&Cs, is how withdrawals are performed.
Is it by cheque only, or can they do electronic payments? There is nowhere to note a nominated account on the applicatin form. The whole setup is looking a little too dated for the small benefit of a (currently) slightly competitive rate ...Here's the withdrawal form: https://www.theloughborough.co.uk/wp-content/uploads/2023/04/Savings-Withdrawal-Form-v1-jan-2024.pdfThe only transfer options are internal transfers or chargeable CHAPS payments.
Four decent products launched, 1 increased significantly... I don't think we've done too badly given the backdrop of the first base rate decrease and more expected soon.friolento said:surreysaver said:
So much for National Savings WeekBridlington1 said:
I'm afraid @JamesRobinson48 beat you to it yesterday.TomJ said:
On a similar note, the Monmouthshire BS Exclusive Regular Saver (Issue 2) is no longer available either...Bridlington1 said:Progressive BS Online Regular Rainy Day Saver Account at 7% now NLA.
This year, National Savings Week seems to be an excuse for various companies to spam us with offers for a free (LOL) savings review.
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No faster paymentsgwapenut said:For the Loughborough, I know you need to send the passbook in for withdrawals. What I cannot find anywhere, in product or society T&Cs, is how withdrawals are performed.
Is it by cheque only, or can they do electronic payments? There is nowhere to note a nominated account on the applicatin form. The whole setup is looking a little too dated for the small benefit of a (currently) slightly competitive rate ...
Chaps payment with a charge.
Also requires withdrawal form along with passbook
Answer in support centre under savings support in frequently asked question
If you are thinking of the 5 year reg
Miss a payment the account is closed and transferred to regular saver issue 1
Also keeping a check on the account is difficult as it's a passbook account no annual statements issued only means of update is for the passbook to be updated so not ideal if you don't live in the local area5 -
Based on previous experience of LBS, I am not planning to open their new account for over 55s, although eligible. Both RSs which I had with them previously became uncompetitive fairly quickly after opening and had to be closed. If account opening and closing was hassle-free, this would not be a problem. I normally don't mind spending a bit of time for a good RS rate, but I don't think LBS is worth the time.gwapenut said:For the Loughborough, I know you need to send the passbook in for withdrawals. What I cannot find anywhere, in product or society T&Cs, is how withdrawals are performed.
Is it by cheque only, or can they do electronic payments? There is nowhere to note a nominated account on the applicatin form. The whole setup is looking a little too dated for the small benefit of a (currently) slightly competitive rate ...5
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