Regular Savings Accounts: The Best Currently Available List!

[Deleted User]

The issue isn't the compounding, its people who think they get 6% or 8% on the full amount saved from day one.

MisterMotivated

gt94sss2 said:

jameseonline said:

Just noticed
https://www.moneysavingexpert.com/savings/best-regular-savings-accounts/

Now has info showing how much you'll earn on regular savers 

It lists 3 different regular savers - all paying 7% interest, based on £250/month and manages to come up with 3 different interest figures!

You beat me to it, I was just about to post the same thing, haha.

jaypers

Got this flyer through the door and although restricted to certain postcodes, you don’t need to go into a branch. RS at 6.5%. This account is only available to UK residents aged 18 or above, living in the following postcodes: BL, CH, CW, M, OL, SK, WA or WN. https://www.thevernon.co.uk/savings/regular-saver-accounts/online-regular-saver/

Kim_13

gt94sss2 said:

jameseonline said:

Just noticed
https://www.moneysavingexpert.com/savings/best-regular-savings-accounts/

Now has info showing how much you'll earn on regular savers 

It lists 3 different regular savers - all paying 7% interest, based on £250/month and manages to come up with 3 different interest figures!

I had wondered if the figures would have assumed max funding at the first available date, and for those that are a calendar months account and aren't HSBC that don't allow the standing order date to be amended, the figure would therefore be higher. But oddly it lists HSBC as higher than Skipton when it is Skipton where you can get the second payment in sooner.

PowerSavingMode

Kim_13 said:

Melton passbook just arrived, complete with an elusive prepaid envelope. They sent it with a survey so I will fill out the survey online and retain the envelope for future use.

Same here, but without said survey, even though the letter invited me to complete missing survey and send it in the envelope provided!

liamcov

Bridlington1 said:

Just a reminder the Principality BS interest rate reductions come into effect tomorrow. Of note:

Account	Old rate	New rate
Principality BS 1 Year Triple Access Regular Saver	6.00%	5.75%
Principality BS Dylan Young Saver	4.00%	3.75%
Principality BS First Home Steps Account	5.25%	5.00%
Principality BS First Home Steps Account Issue 2	5.25%	5.00%
Principality BS First Home Steps Account Issue 3	5.25%	5.00%
Principality BS First Home Steps Account Issue 4	5.25%	5.00%
Principality BS First Home Steps Online	5.25%	5.00%
Principality BS First Home Steps Online Issue 2	5.25%	5.00%
Principality BS First Home Steps Online Issue 3	5.25%	5.00%
Principality BS Gift Saver	4.60%	4.35%
Principality BS Learner Earner (Issue 1 & 2)	5.75%	5.50%
Principality BS Learner Earner Issue 3	4.70%	4.45%
Principality BS NHS Thank You Online Saver	4.20%	3.95%
Principality BS NHS Thank You Saver	4.20%	3.95%
Principality BS School Staff Saver	4.45%	4.20%
Principality BS Thank You Online Saver (Issues 1 to 4)	4.45%	4.20%
Principality BS Thank You Saver (Issues 1 to 4)	4.45%	4.20%

Is this for existing accounts too?

AmityNeon

gt94sss2 said:

jameseonline said:

Just noticed
https://www.moneysavingexpert.com/savings/best-regular-savings-accounts/

Now has info showing how much you'll earn on regular savers

It lists 3 different regular savers - all paying 7% interest, based on £250/month and manages to come up with 3 different interest figures!

The MSE team didn't calculate those figures; they just pulled them from each account's corresponding summary boxes.

As far as I can tell, Co-op's estimate involves daily interest starting from 1st January in a 365-day year, HSBC's is the standard approximation of 12 equal periods (250 × 6.5 × 7%), and Skipton probably approximates and rounds down to the nearest pound.

savethepandas

DJDools said:

Kim_13 said:

Melton passbook just arrived, complete with an elusive prepaid envelope. They sent it with a survey so I will fill out the survey online and retain the envelope for future use.

Same here, but without said survey, even though the letter invited me to complete missing survey and send it in the envelope provided!

My letter arrived this afternoon, enclosures stated as passbook, survey and envelope.

Only got the passbook.

allegro120

Kim_13 said:

Melton passbook just arrived, complete with an elusive prepaid envelope. They sent it with a survey so I will fill out the survey online and retain the envelope for future use.

My passbook arrived on Saturday and on Monday I finally managed to get the password for online access. Deposit is dated Friday, but the cheque was cashed on Monday.  I wonder if the interest will accrue for the 3 extra days???  I have also retained the envelope

Kim_13

allegro120 said:

Kim_13 said:

Melton passbook just arrived, complete with an elusive prepaid envelope. They sent it with a survey so I will fill out the survey online and retain the envelope for future use.

My passbook arrived on Saturday and on Monday I finally managed to get the password for online access. Deposit is dated Friday, but the cheque was cashed on Monday.  I wonder if the interest will accrue for the 3 extra days???  I have also retained the envelope

The cheque cleared my bank yesterday and was also dated Friday in the passbook (and printed several lines down rather than the top of the page. Never mind, I doubt I’ll get through 7 pages in 2 years.)

My cheque was only for £10 so I hadn’t considered that. My test payment sent this morning has arrived so no couple of days delay as we get with some of the other smaller societies. I will top up to £200 once I get my funds from Hinckley and Rugby at the end of the month.

Edited to add: Cheque dated as 18th September on their online portal, so last Wednesday.