Regular Savings Accounts: The Best Currently Available List!

zippygeorgeandben

My CBS regular saver matures on the 5th October - any suggestions as to where to put it?  Was thinking of just putting it into my Marcus account which has around 15k atm.

quirkydeptless

typistretired said:

My Coventry Regular Saver matured yesterday.  I was really surprised when I logged in, to check if my Double Access Saver was still 1.20%, as they have dropped rate to 1.10% on website; to find my matured regular saver funds have transferred into an easy access account paying 0.30% it being a weekend.

Same here, cash plus interest on its way for pastures new tomorrow, and a new Coventry Regular saver at 1.55% opened.

The cycle continues but the wheels are getting smaller

glider3560

Does anyone know if Saffron Building Society are offering anything on maturity at the moment?  My accounts matures in two weeks, but no sign of the maturity pack yet.  Their website suggests there are no regular savings accounts for new customers, so wondered if they have any special deals for maturing accounts?

quirkydeptless

zippygeorgeandben said:

My CBS regular saver matures on the 5th October - any suggestions as to where to put it?  Was thinking of just putting it into my Marcus account which has around 15k atm.

My default plan is to feed RS maturities into my RS Feeder (currently my Al Rayan, but might start using Skipton for Standing Orders).

Sometimes I add a chunk to a fixed rate savings, e.g. opened a 1 Year fix with Paragon 1.3% recently for some of my Coventry RS cash, but the intertest on fixed rate accounts is fading too.

The Charter 1 Year 1.21% fix with a Raisin bonus seems best deal at the moment, but I expect it will be gone soon.

I might even bring some of those fixed rate 1% Reqular savers into play, but I've been spurning those below 1.5% for now.

typistretired

zippygeorgeandben said:

My CBS regular saver matures on the 5th October - any suggestions as to where to put it?  Was thinking of just putting it into my Marcus account which has around 15k atm.

You could open another CBS regular saver when it matures.  You can still put in NS&I until 23/11/20 at 1.15%.  Principality easy access Web 3 is 0.80%.  It depends on whether you want easy access or limited access.  Some are offering better rates if you restrict your withdrawals.  Suddenly to me the Yorkshire Bank at 0.85% is looking attractive.

hgt

quirkydeptless said:

My default plan is to feed RS maturities into my RS Feeder (currently my Al Rayan, but might start using Skipton for Standing Orders).

Do Skipton BS have a savings account which allows outbound Standing Orders? I've been on the look out for a savings account which can do SO's, but there aren't many about these days!

Special_Saver2

Hi Folks,

Here is this weekend's update to this thread.

- RBS and NatWest Digital Regular Saver accounts added to post 5 (requires a current account) paying 3.04% AER variable on up to £50 per month on a balance of up to a total of £1,000 (14 days' notice if the interest rate is reduced and you have £100 or more in the account)

- TSB Classic Plus Account removed post 9 as it will no longer be paying interest from 2nd December to existing customers and it is no longer available to open for new customers

I will do the next update next weekend.

SS2

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

quirkydeptless

hgt said:

quirkydeptless said:

My default plan is to feed RS maturities into my RS Feeder (currently my Al Rayan, but might start using Skipton for Standing Orders).

Do Skipton BS have a savings account which allows outbound Standing Orders? I've been on the look out for a savings account which can do SO's, but there aren't many about these days!

In my withdraw options it offered a "make this a regular payment" option.

I can't actually make withdrawal until the 30th though as I can't withdraw for 14 days from opening.

colsten

hgt said:

quirkydeptless said:

My default plan is to feed RS maturities into my RS Feeder (currently my Al Rayan, but might start using Skipton for Standing Orders).

Do Skipton BS have a savings account which allows outbound Standing Orders? I've been on the look out for a savings account which can do SO's, but there aren't many about these days!

Yes-ish. You can have a max of two linked accounts to which you can withdraw, and you can set up SOs to withdraw to these accounts.

Other fact to keep in mind is that you can't make any withdrawals in the first fortnight after account opening

where_are_we

quirkydeptless said:

hgt said:

quirkydeptless said:

My default plan is to feed RS maturities into my RS Feeder (currently my Al Rayan, but might start using Skipton for Standing Orders).

Do Skipton BS have a savings account which allows outbound Standing Orders? I've been on the look out for a savings account which can do SO's, but there aren't many about these days!

In my withdraw options it offered a "make this a regular payment" option.

I can't actually make withdrawal until the 30th though as I can't withdraw for 14 days from opening.

I have a a 123Lite funding multiple regular savers and endeavour to keep a low balance (no interest paid on 123 Lite). Using Skipton for SO`s to top up the Lite will be easier than manual topping up.