Regular Savings Accounts: The Best Currently Available List!

csw5780

2010 said:

Not saying NW will pay a loyalty £100 next year, what with the takeover of VM.

But as well as a current account a savings account is also needed.

With a minimum of £100 in savings IIRC. 

Middle_of_the_Road

csw5780 said:

2010 said:

Not saying NW will pay a loyalty £100 next year, what with the takeover of VM.

But as well as a current account a savings account is also needed.

With a minimum of £100 in savings IIRC. 

If you have a Flex plus account, that qualifies you automatically.

Bridlington1

csw5780 said:

2010 said:

Not saying NW will pay a loyalty £100 next year, what with the takeover of VM.

But as well as a current account a savings account is also needed.

With a minimum of £100 in savings IIRC. 

Whilst that was the case in 2023 and 2024, there's no guarantee this'll be the case in 2025.

The eligibility criteria for the 2025 fairer share payment are yet to be decided, if they make little in the way of profits and lots of people have used their accounts in a way that makes them meet last year's terms Nationwide may choose to raise the minimum to above £100 and/or add more restrictions on eligibility.

I'd take the 2023 and 2024 terms as a rough guide of what I'd expect the terms to be for 2025 but with a big pinch of salt.

WillPS

Middle_of_the_Road said:

csw5780 said:

2010 said:

Not saying NW will pay a loyalty £100 next year, what with the takeover of VM.

But as well as a current account a savings account is also needed.

With a minimum of £100 in savings IIRC. 

If you have a Flex plus account, that qualifies you automatically.

1. Not true, you still needed £100 in savings or mortgage
2. As @Bridlington1 correctly points out there's no guarantee that the terms will remain static, or even that there will be further payments.

Middle_of_the_Road

WillPS said:

Middle_of_the_Road said:

csw5780 said:

2010 said:

Not saying NW will pay a loyalty £100 next year, what with the takeover of VM.

But as well as a current account a savings account is also needed.

With a minimum of £100 in savings IIRC. 

If you have a Flex plus account, that qualifies you automatically.

1. Not true, you still needed £100 in savings or mortgage
2. As @Bridlington1 correctly points out there's no guarantee that the terms will remain static, or even that there will be further payments.

Ok, seem to remember there was some advantage in having a Flex Plus account.

Kim_13

Middle_of_the_Road said:

WillPS said:

Middle_of_the_Road said:

csw5780 said:

2010 said:

Not saying NW will pay a loyalty £100 next year, what with the takeover of VM.

But as well as a current account a savings account is also needed.

With a minimum of £100 in savings IIRC. 

If you have a Flex plus account, that qualifies you automatically.

1. Not true, you still needed £100 in savings or mortgage
2. As @Bridlington1 correctly points out there's no guarantee that the terms will remain static, or even that there will be further payments.

Ok, seem to remember there was some advantage in having a Flex Plus account.

I believe it was that there didn’t need to have been a regular amount paid into the current account over the specified period.

I don’t plan to open the Issue 3 at the moment, as I’m trying only to open accounts that I will make decent use of over the term. 2 YBS, 3 Principality, 1 CBS and 1 Halifax account(s) have hardly been used at all. If it were fixed I’d probably go for it, but I have £350/month capacity at more than 6.5% once the Principality 6 Month goes and will prioritise NatWest (no end date), Coventry Sunny Days (prize draw) and Melton after that. It’s 0.5% lower than Nationwide but lasts for 2 and a bit years and I’ve also got 6% at Monmouthshire with a higher deposit limit.

I will leave £100 in the highest paying savings account I have with them and add spare change to it, as I do like not having odd figures in my accounts.

friolento

2010 said:

Not saying NW will pay a loyalty £100 next year, what with the takeover of VM.

But as well as a current account a savings account is also needed.

Right now, none of us know what the qualification criteria would be if Nationwide would offer a loyalty bonus next year. I doubt even Nationwide know at this stage.

Taking out a 6.5% RS does, IMO, make sense regardless of whether there will be a loyalty scheme next year, even for people who aren't able to fund the account with the max £200/mth.

Angelica123

friolento said:

2010 said:

Not saying NW will pay a loyalty £100 next year, what with the takeover of VM.

But as well as a current account a savings account is also needed.

Right now, none of us know what the qualification criteria would be if Nationwide would offer a loyalty bonus next year. I doubt even Nationwide know at this stage.

Taking out a 6.5% RS does, IMO, make sense regardless of whether there will be a loyalty scheme next year, even for people who aren't able to fund the account with the max £200/mth.

Especially because you can have up to 3 withdrawals before they reduce the rate. The Flex regular saver issue 2 was also variable but they chose to open issue 3 with lower rate rather than reduce rate of issue 2. If we are lucky they will do the same with issue 3, if not there is no penalty in withdrawing money and putting it into higher rate savings.  

[Deleted User]

Kim_13 said:

Middle_of_the_Road said:

WillPS said:

Middle_of_the_Road said:

csw5780 said:

2010 said:

Not saying NW will pay a loyalty £100 next year, what with the takeover of VM.

But as well as a current account a savings account is also needed.

With a minimum of £100 in savings IIRC. 

If you have a Flex plus account, that qualifies you automatically.

1. Not true, you still needed £100 in savings or mortgage
2. As @Bridlington1 correctly points out there's no guarantee that the terms will remain static, or even that there will be further payments.

Ok, seem to remember there was some advantage in having a Flex Plus account.

I believe it was that there didn’t need to have been a regular amount paid into the current account over the specified period.

I don’t plan to open the Issue 3 at the moment, as I’m trying only to open accounts that I will make decent use of over the term. 2 YBS, 3 Principality, 1 CBS and 1 Halifax account(s) have hardly been used at all. If it were fixed I’d probably go for it, but I have £350/month capacity at more than 6.5% once the Principality 6 Month goes and will prioritise NatWest (no end date), Coventry Sunny Days (prize draw) and Melton after that. It’s 0.5% lower than Nationwide but lasts for 2 and a bit years and I’ve also got 6% at Monmouthshire with a higher deposit limit.

I will leave £100 in the highest paying savings account I have with them and add spare change to it, as I do like not having odd figures in my accounts.

I've got 5 accounts with YBS and 4 of them have odd amounts, it does strangely annoy me!

Special_Saver2

Hi Everybody,

I have just updated the first page of this thread. 

- Online Regular Rainy Day Saver Account (Issue 2) added to the list on page 1 paying 5% variable on up to £300 per month with no maturity date

- Nottingham BS Branch Regular Saver removed as no longer available (and I have definitely removed it now!)

- Yorkshire BS £50 Regular eSaver and Yorkshire BS £50 Regular Saver removed as no longer available

I will do the next update within the next 2 weeks.

SS2

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For those new to this thread, the first few posts are regularly updated and are on the first page
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1