Regular Savings Accounts: The Best Currently Available List!

Bridlington1

Pkman said:

Yes you are correct. Might just stick it in 4.85% cahoot EA or 5% Chip EA

I'd advise against it to be honest.

For starters 4.85% is less than 5% so why go to the effort to get 0.15% less interest on the money. 

As for Chip, if given the choice between putting money into an EA account at 5% or a regular saver that allows penalty-free withdrawals at 5% I'd favour funding the regular saver.

You can empty a regular saver into an EA account in one fell swoop if you wish, but drip-feeding the contents of the EA account into a regular saver can take several months.

Pkman

Reason is 5% chip only allow 3 time withdraw. I need withdraw every month. 

I am just parking these money (4.85%) till each month RS funding which i need £7375 for 29 RS (5.1% to 10.38%)

I disagree with putting money into 5% RS is better than 5% EA. The only reason you do this is if you expect RS interest rate is going up and EA going down. Otherwise it is a bit pointless. You are getting the same %

masonic

Pkman said:

Reason is 5% chip only allow 3 time withdraw. I need withdraw every month.

Chip might restrict withdrawals, but Principality does not. That was the point Bridlington was making. Why move it from 5% RS EA to 4.85% EA?

Pkman

I wasn't. I was thinking adding onto 5% RS. But instead. I will just leave the money in 4.85% EA till November RS funding.

jameseonline

My overspill is currently a 5.25% Lloyds Bank Regular & 5.5% Bank Of Scotland Regular, both I can take out of whenever I want.

But in general I'm only funding accounts 6% and higher.

masonic

Pkman said:

I wasn't. I was thinking adding onto 5% RS. But instead. I will just leave the money in 4.85% EA till November RS funding.

So the money is already in the 4.85% EA account (contrary to the comment saying "Might just stick it in 4.85% cahoot EA")? In that case it would still be beneficial to add what you can into the 5% RS until November, as that would result in more interest and not burn one of the three precious withdrawals at Chip.

Fingerbobs

Just went to open an HSBC regular saver, and found this is showing as 5%, not 7%. Has it changed, or am I looking in the wrong place? 

kaMelo

It does indeed show 5%. Either an error or they pulled the 7% already.

janusdesign

Fingerbobs said:

Just went to open an HSBC regular saver, and found this is showing as 5%, not 7%. Has it changed, or am I looking in the wrong place? 

it's showing as 5% in Moneyfacts with a broken logo icon - which is usually a sign that the listing has been updated today... it looks like you might have missed the 7% rate by a day or two. 

Fingerbobs

janusdesign said:

Fingerbobs said:

Just went to open an HSBC regular saver, and found this is showing as 5%, not 7%. Has it changed, or am I looking in the wrong place? 

it's showing as 5% in Moneyfacts with a broken logo icon - which is usually a sign that the listing has been updated today... it looks like you might have missed the 7% rate by a day or two. 

It was showing as 7% on Moneyfacts just before I posted on here, so it has been updated within the last half hour or so