Regular Savings Accounts: The Best Currently Available List!

wiseonesomeofthetime

Virgin RS

Just checked my account and can confirm the first (quarterly) interest has been added to my balance. In my case, £6.16

Edit: Just noticed that there is a separate thread for this product  🤦
https://forums.moneysavingexpert.com/discussion/6545230/virgin-money-10-38-regular-monthly-saver#latest

friolento

Digital_Payback said:

Tipton Regular Saver

Just received this in the Tipton app. 

On selecting an option, without ANY further information, it asks me to confirm my choice. 

I’ve made no choice yet. 

(Ideally I just want an easy access account to keep a relationship with Tipton.)

If I choose one of the options, are further details available, and if I don’t like what I read, is it possible to return to make another choice. 
Thanks for reading and any clarification. 

Could you figure out what they mean by Automatic Rollover?

WindfallWendy

gt94sss2 said:

WindfallWendy said:

I'd love to play the regular saver game with accounts, but don't want the hassle of £1000+ interest and the associated tax return.

You only need to do a tax return if you receive £10,000/interest per year (unless something else triggers it)

See https://www.gov.uk/check-if-you-need-tax-return

AMAZING!! I'll have to do one this year as I've had some rental income, but I'm selling the house at the moment so 24/25 will arguably be a year I'm not obliged to do a return. Unless they do one more year just to check?

solartom

Re Tipton Rs Maturity just spoke to them automatic rollover options should be availeble mid Oct 
i have asked them to reverse my closure option so i can choose when i know what they are 

subjecttocontract

WindfallWendy said:

gt94sss2 said:

WindfallWendy said:

I'd love to play the regular saver game with accounts, but don't want the hassle of £1000+ interest and the associated tax return.

You only need to do a tax return if you receive £10,000/interest per year (unless something else triggers it)

See https://www.gov.uk/check-if-you-need-tax-return

AMAZING!! I'll have to do one this year as I've had some rental income, but I'm selling the house at the moment so 24/25 will arguably be a year I'm not obliged to do a return. Unless they do one more year just to check?

I'm afraid you will need to continue with the tax returns. Once you start doing tax returns you have to keep doing them until HMRC tell you they don't need you to submit anymore.

Kim_13

WindfallWendy said:

gt94sss2 said:

WindfallWendy said:

I'd love to play the regular saver game with accounts, but don't want the hassle of £1000+ interest and the associated tax return.

You only need to do a tax return if you receive £10,000/interest per year (unless something else triggers it)

See https://www.gov.uk/check-if-you-need-tax-return

AMAZING!! I'll have to do one this year as I've had some rental income, but I'm selling the house at the moment so 24/25 will arguably be a year I'm not obliged to do a return. Unless they do one more year just to check?

We are in 24/25 now so if there has been any rental income on April 6th 2024 or later, you’ll need to do one. You could then tell HMRC that you are no longer a landlord and hopefully they won’t ask you to do one the next year - but if they do you need to do it or get them to agree to withdraw it. If you don’t complete the return because they should already have been aware it wasn’t needed, it’ll be a penalty.

PloughmansLunch

I know it's technically against HSBC T&Cs so I'm just noting this for info as it may be useful to some - I've successfully cancelled the standing order created on opening of the account and internally transferred this month's HSBC 7% Regular Saver contribution

35har1old

allegro120 said:

35har1old said:

allegro120 said:

masonic said:

jameseonline said:

Also dumb is no caps or special characters, goes against everything I'm used to with setting up online accounts tbh.

Possibly because they'll using them for telephone security too.

I telephoned MHBS 3 times and wasn't asked any ridiculous questions, just the usual security questions - name, address, DoB... I didn't know my account number yet, and even that didn't prompt them to ask me who my hero is.

You will require them when you login

No cars or heroes required for login. Just need your ID typed (copy/paste don't work), password and they send you passcode in text message.  

I was required to give 3 characters from one of the memorable words followed up with passcode in text message 

Hattie627

PloughmansLunch said:

I know it's technically against HSBC T&Cs so I'm just noting this for info as it may be useful to some - I've successfully cancelled the standing order created on opening of the account and internally transferred this month's HSBC 7% Regular Saver contribution

Thanks for this heads up. I have just done the same.

pecunianonolet

PloughmansLunch said:

I know it's technically against HSBC T&Cs so I'm just noting this for info as it may be useful to some - I've successfully cancelled the standing order created on opening of the account and internally transferred this month's HSBC 7% Regular Saver contribution

I had various HSBC reg savers before (not using the 7% one as I only use reg savers nowadays with access to funds) and never had a standing order set up and also not always funded the minimum £25 either.