Regular Savings Accounts: The Best Currently Available List!

Stargunner

ThePirates said:

Bigwheels1111 said:

TSB, Gatehouse & Principality reg savers opened and funded this morning.
Now I can fund again tomorrow to max interest.

Wouldn't you have maximised your interest by opening last week and getting an extra week's interest on your first deposit?

No they wouldn’t, because if they did that the accounts would mature a week earlier, resulting in a week’s less interest at the end.

Bigwheels1111

ThePirates said:

Bigwheels1111 said:

TSB, Gatehouse & Principality reg savers opened and funded this morning.
Now I can fund again tomorrow to max interest.

Wouldn't you have maximised your interest by opening last week and getting an extra week's interest on your first deposit?

I think that opening on the last day of the month and then putting another payment in the next day is best.

As you are earning the higher rate for 2 months worth of payments, but within two days.

Not two months.

where_are_we

jameseonline said:

Just applied for the Newcastle one, easy process, got a reference number and email straight away, just got to wait for them to email me an ID

Not so easy for me! - Had to post two different ID documents. Obviously, whats acceptable for some financial institutions is not acceptable for others.

PowerSavingMode

Bridlington1 said:

Principality BS 1 Year Regular Saver Bond (Issue 34) at 5.5% is about to go NLA.

Replaced by Principality BS 1 Year Regular Saver Bond (Issue 35) at 5.15%

RE:  Principality BS 1 Year Regular Saver Bond (Issue 34) 

Is it possible to 'refresh' this, as in Halifax style, please? Mine matures next May. 

gt94sss2

Bridlington1 said:

Replaced by Principality BS 1 Year Regular Saver Bond (Issue 35) at 5.15%

Now live at https://www.principality.co.uk/home/savings/savings-accounts/1-year-regular-saver-bond

Snapdragon

Bridlington1 said:

Principality BS 1 Year Regular Saver Bond (Issue 34) at 5.5% is about to go NLA.

Replaced by Principality BS 1 Year Regular Saver Bond (Issue 35) at 5.15%

Anyone any idea what happens if you have pre-selected Principality BS 1 Year Regular Saver Bond (Issue 34) at 5.5% as your maturity option for the Principality Maturity Winter RS which matures on the 3rd November? Will they still honour your instructions to open it and put £250 funds into it, if it's been withdrawn before the 3rd or would they open the lower rated one, which I wouldn't want. If they might do that, I'd rather they just put £1 in a basic saver to maintain my loyalty account and long-term membership. 

Kim_13

Bigwheels1111 said:

ThePirates said:

Bigwheels1111 said:

TSB, Gatehouse & Principality reg savers opened and funded this morning.
Now I can fund again tomorrow to max interest.

Wouldn't you have maximised your interest by opening last week and getting an extra week's interest on your first deposit?

I think that opening on the last day of the month and then putting another payment in the next day is best.

As you are earning the higher rate for 2 months worth of payments, but within two days.

Not two months.

This, subject to being able to get the money out at the end on a working day. 31st October 2025 will be a Friday, and funds are accessible the same day (unlike Monmouthshire, YBS, Tipton) so today would be an optimal day to open an account with them.

Put another way, the maximum balance is £3,000 which by opening today (whether the now withdrawn 5.5% issue or the 5.15% replacement) could be reached on 1 September 2025 subject to having the funds to max it out (interest on the maximum balance is then earned for 60 days.) An account opened tomorrow would reach that level no earlier than 1 October 2025, with only 31 days to run.

I also grabbed Issue 34 but only with £1 as no funds available. Not near the top of the pile at the moment but could become so before the term is up.

Marcoos

Bigwheels1111 said:

TSB, Gatehouse & Principality reg savers opened and funded this morning.
Now I can fund again tomorrow to max interest.

Thinking of opening the TSB one, but says it has to be funded via a Standing Order, or is that not the case?

WillPS

Marcoos said:

Bigwheels1111 said:

TSB, Gatehouse & Principality reg savers opened and funded this morning.
Now I can fund again tomorrow to max interest.

Thinking of opening the TSB one, but says it has to be funded via a Standing Order, or is that not the case?

As nearly always - it isn't the case. The lone exception is First Direct. Santander (and Zopa?) don't provide BACS account details for their regular savers but still support manual internal transfers.

Bigwheels1111

Marcoos said:

Bigwheels1111 said:

TSB, Gatehouse & Principality reg savers opened and funded this morning.
Now I can fund again tomorrow to max interest.

Thinking of opening the TSB one, but says it has to be funded via a Standing Order, or is that not the case?

First payment was bank transfer.

I will do the same in the morning.

Then set up SO from my FD account.

Not sure if it can be direct or has to be via TSB account.

Will call to ask.