Regular Savings Accounts: The Best Currently Available List!

allegro120

jameseonline said:

Kim_13 said:

I haven’t had mine at £5K, but might be close by now had I not withdrawn it and prioritised other accounts over the last year or so. I left less than £1 in it at one point, now on ~£550. I do some round ups, e.g. buy Amazon gift cards with another card to collect the cashback/withdraw cashback as gift cards, then pay the odd pence with NatWest; secure savings account with it, tidy up odd pence from the end of my credit card bill on occasion. 

I don’t have the RBS version but don’t feel the need until my NatWest one is full, given the availability of other accounts at the same rate. I held off on opening the NatWest one until 2022 when the right switcher offer came along.

I opened both the NatWest and RBS versions at the same time, think it only used to be £50 or something max at the time, then didn't fund for a while because funding other accounts made more sense, then started funding again at £150 each a month.

I would say to everyone if you have the funds do both at the same time to build the interest up.

My NatWest and RBS should be maxed out in January all being well.

Would have been sooner had I not stopped paying in & not taken out the interest each month but yeah.

Yes, £50 to start with, then changed to £150 and later the limit increased to £5k. This product was running for 4 years now but the rate has never changed, very rare these days.

pecunianonolet

allegro120 said:

jameseonline said:

Kim_13 said:

I haven’t had mine at £5K, but might be close by now had I not withdrawn it and prioritised other accounts over the last year or so. I left less than £1 in it at one point, now on ~£550. I do some round ups, e.g. buy Amazon gift cards with another card to collect the cashback/withdraw cashback as gift cards, then pay the odd pence with NatWest; secure savings account with it, tidy up odd pence from the end of my credit card bill on occasion. 

I don’t have the RBS version but don’t feel the need until my NatWest one is full, given the availability of other accounts at the same rate. I held off on opening the NatWest one until 2022 when the right switcher offer came along.

I opened both the NatWest and RBS versions at the same time, think it only used to be £50 or something max at the time, then didn't fund for a while because funding other accounts made more sense, then started funding again at £150 each a month.

I would say to everyone if you have the funds do both at the same time to build the interest up.

My NatWest and RBS should be maxed out in January all being well.

Would have been sooner had I not stopped paying in & not taken out the interest each month but yeah.

Yes, £50 to start with, then changed to £150 and later the limit increased to £5k. This product was running for 4 years now but the rate has never changed, very rare these days.

I just wish you could choose between monthly and annual interest for better tax planning. Both my accounts have been with a zero balance for quite a while now. Being taxed 42% isn't fun but probably seen as a "privilege" by many. 

WillPS

allegro120 said:

jameseonline said:

Kim_13 said:

I haven’t had mine at £5K, but might be close by now had I not withdrawn it and prioritised other accounts over the last year or so. I left less than £1 in it at one point, now on ~£550. I do some round ups, e.g. buy Amazon gift cards with another card to collect the cashback/withdraw cashback as gift cards, then pay the odd pence with NatWest; secure savings account with it, tidy up odd pence from the end of my credit card bill on occasion. 

I don’t have the RBS version but don’t feel the need until my NatWest one is full, given the availability of other accounts at the same rate. I held off on opening the NatWest one until 2022 when the right switcher offer came along.

I opened both the NatWest and RBS versions at the same time, think it only used to be £50 or something max at the time, then didn't fund for a while because funding other accounts made more sense, then started funding again at £150 each a month.

I would say to everyone if you have the funds do both at the same time to build the interest up.

My NatWest and RBS should be maxed out in January all being well.

Would have been sooner had I not stopped paying in & not taken out the interest each month but yeah.

Yes, £50 to start with, then changed to £150 and later the limit increased to £5k. This product was running for 4 years now but the rate has never changed, very rare these days.

The rate has changed, it was bumped from 5.something% to 6.17% in early 2023, not long after they bumped the limit on the bonus rate from £1k to £5k.

s71hj

WillPS said:

castle96 said:

How do you get these to £5k. They are only £150 p/mth

• Round ups on debit card (i.e. 'pay' 1p to get £1.98 added to the account)
• MyRewards payouts (when you select the Digital Regular Saver to payout to).
  

The above don't count towards the £150/month deposit cap. Otherwise it's 30-33 monthly deposits.

Sorry, I'm late to the whole Natwest/RBS round up thing. Is there a summary anywhere of the benefits that can be gained by using it and how to do so?. My current assumption is that the main one is that the £150 a month deposit limit can be increased by deliberately choosing to use the debit card in such a way as to generate round ups so you earn the 6% on more than £150 a month and reach £5000 limit quicker. Also on a related thing, can you have an RBS and Natwest RS then? I thought you could only have one or the other for some reason 

orange-juice

s71hj said:

Sorry, I'm late to the whole Natwest/RBS round up thing. Is there a summary anywhere of the benefits that can be gained by using it and how to do so?. My current assumption is that the main one is that the £150 a month deposit limit can be increased by deliberately choosing to use the debit card in such a way as to generate round ups so you earn the 6% on more than £150 a month and reach £5000 limit quicker.  

Yeah, pretty much.

s71hj said:

Also on a related thing, can you have an RBS and Natwest RS then? I thought you could only have one or the other for some reason 

Yes, as long as you have RBS and Natwest current accounts, you should be able to open and hold their corresponding linked regular saver.

friolento

s71hj said:

WillPS said:

castle96 said:

How do you get these to £5k. They are only £150 p/mth

• Round ups on debit card (i.e. 'pay' 1p to get £1.98 added to the account)
• MyRewards payouts (when you select the Digital Regular Saver to payout to).
  

The above don't count towards the £150/month deposit cap. Otherwise it's 30-33 monthly deposits.

Sorry, I'm late to the whole Natwest/RBS round up thing. Is there a summary anywhere of the benefits that can be gained by using it and how to do so?. My current assumption is that the main one is that the £150 a month deposit limit can be increased by deliberately choosing to use the debit card in such a way as to generate round ups so you earn the 6% on more than £150 a month and reach £5000 limit quicker. Also on a related thing, can you have an RBS and Natwest RS then? I thought you could only have one or the other for some reason 

You can also deposit any Reward payments you may be earning at Natwest into the Digital Saver. Such payments don't count towards the monthly £150, either.

Same at RBS.

s71hj

friolento said:

s71hj said:

WillPS said:

castle96 said:

How do you get these to £5k. They are only £150 p/mth

• Round ups on debit card (i.e. 'pay' 1p to get £1.98 added to the account)
• MyRewards payouts (when you select the Digital Regular Saver to payout to).
  

The above don't count towards the £150/month deposit cap. Otherwise it's 30-33 monthly deposits.

Sorry, I'm late to the whole Natwest/RBS round up thing. Is there a summary anywhere of the benefits that can be gained by using it and how to do so?. My current assumption is that the main one is that the £150 a month deposit limit can be increased by deliberately choosing to use the debit card in such a way as to generate round ups so you earn the 6% on more than £150 a month and reach £5000 limit quicker. Also on a related thing, can you have an RBS and Natwest RS then? I thought you could only have one or the other for some reason 

You can also deposit any Reward payments you may be earning at Natwest into the Digital Saver. Such payments don't count towards the monthly £150, either.

Same at RBS.

Thanks. From my point of view, the money I'm able to use to fund my multiple RS accounts comes from spending on 0% credit cards so if I switched to debit card spending it would reduce what I had available so I'll have to think if its worth partly switching to debit card spending.

Stargunner

s71hj said:

friolento said:

s71hj said:

WillPS said:

castle96 said:

How do you get these to £5k. They are only £150 p/mth

• Round ups on debit card (i.e. 'pay' 1p to get £1.98 added to the account)
• MyRewards payouts (when you select the Digital Regular Saver to payout to).
  

The above don't count towards the £150/month deposit cap. Otherwise it's 30-33 monthly deposits.

Sorry, I'm late to the whole Natwest/RBS round up thing. Is there a summary anywhere of the benefits that can be gained by using it and how to do so?. My current assumption is that the main one is that the £150 a month deposit limit can be increased by deliberately choosing to use the debit card in such a way as to generate round ups so you earn the 6% on more than £150 a month and reach £5000 limit quicker. Also on a related thing, can you have an RBS and Natwest RS then? I thought you could only have one or the other for some reason 

You can also deposit any Reward payments you may be earning at Natwest into the Digital Saver. Such payments don't count towards the monthly £150, either.

Same at RBS.

Thanks. From my point of view, the money I'm able to use to fund my multiple RS accounts comes from spending on 0% credit cards so if I switched to debit card spending it would reduce what I had available so I'll have to think if its worth partly switching to debit card spending.

You can use your debit card to pay into a savings account to earn the round ups. Then you can withdraw the money from the savings account.

janusdesign

orange-juice said:

s71hj said:

Sorry, I'm late to the whole Natwest/RBS round up thing. Is there a summary anywhere of the benefits that can be gained by using it and how to do so?. My current assumption is that the main one is that the £150 a month deposit limit can be increased by deliberately choosing to use the debit card in such a way as to generate round ups so you earn the 6% on more than £150 a month and reach £5000 limit quicker.  

Yeah, pretty much.

s71hj said:

Also on a related thing, can you have an RBS and Natwest RS then? I thought you could only have one or the other for some reason 

Yes, as long as you have RBS and Natwest current accounts, you should be able to open and hold their corresponding linked regular saver.

whilst this topic is being asked, is paying via standard order still compulsory for this account ? I see "extra" money can come in from external accounts (as long as it doesn't pass the £150 pm limit), but can you effectively cancel the SO and just pay in £150 from an external account ??

fonesaver

janusdesign said:

orange-juice said:

s71hj said:

Sorry, I'm late to the whole Natwest/RBS round up thing. Is there a summary anywhere of the benefits that can be gained by using it and how to do so?. My current assumption is that the main one is that the £150 a month deposit limit can be increased by deliberately choosing to use the debit card in such a way as to generate round ups so you earn the 6% on more than £150 a month and reach £5000 limit quicker.  

Yeah, pretty much.

s71hj said:

Also on a related thing, can you have an RBS and Natwest RS then? I thought you could only have one or the other for some reason 

Yes, as long as you have RBS and Natwest current accounts, you should be able to open and hold their corresponding linked regular saver.

whilst this topic is being asked, is paying via standard order still compulsory for this account ? I see "extra" money can come in from external accounts (as long as it doesn't pass the £150 pm limit), but can you effectively cancel the SO and just pay in £150 from an external account ??

I have never paid in by SO. Just do manual transfers from the relevant RBS/NatWest account.