Regular Savings Accounts: The Best Currently Available List!

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.

colsten

My first Coventry RS matured yesterday, when it turned into an Easy Saver. I closed it online yesterday, and money arrived in my current account this morning. Nice job, Coventry 👏

liamcov

For the HSBC Reg Saver - if my first deposit is today, can I amend the SO tomorrow so it'll come out on 1st rather than 28 Oct?

surreysaver

liamcov said:

For the HSBC Reg Saver - if my first deposit is today, can I amend the SO tomorrow so it'll come out on 1st rather than 28 Oct?

No. HSBC, M&S and First Direct do not allow you to change the date (well, I think you can, but I believe it doesn't make any difference to the interest you earn at the end)
Then there are others, such as Coventry and Santander, that the 'month' begins on the date you open the account, rather than the first of every month 

colsten

liamcov said:

For the HSBC Reg Saver - if my first deposit is today, can I amend the SO tomorrow so it'll come out on 1st rather than 28 Oct?

You definitely can't change the date yourself, and I doubt they will do it for you. It would be a matter of asking them.

RG2015

RG2015 said:

typistretired said:

You should try, I did a few months ago and the system allowed me to open another.  The fact the rate has dropped means it is now an easy access.

I did, and it said I was ineligible because I already hold a Regular Saver account. It went on to say that I would be able to open a new account on or after the date my existing Regular Saver account matures.

Probably due to the weekend being two non working days.

My HSBC matured on 27 Sept but they have told me I cannot open a new one until the old one has been converted which should be 5 working days.

Fingerbobs

RG2015 said:

RG2015 said:

typistretired said:

You should try, I did a few months ago and the system allowed me to open another.  The fact the rate has dropped means it is now an easy access.

I did, and it said I was ineligible because I already hold a Regular Saver account. It went on to say that I would be able to open a new account on or after the date my existing Regular Saver account matures.

Probably due to the weekend being two non working days.

My HSBC matured on 27 Sept but they have told me I cannot open a new one until the old one has been converted which should be 5 working days.

Last time my HSBC matured, I found I was able to apply for a new one as soon as the old one had disappeared from Internet Banking, so there was only 1 day 'drift' of maturity date. However, I already had the Instant Access account open for the funds to transfer into - that could be the difference.