Regular Savings Accounts: The Best Currently Available List!

typistretired

The silence from Monmouthshire BS goes on another day

schiff

The difference between renewing a regular saver with one institution and other institutions is remarkable. My Club Lloyds RS matured today and as they had told me in a letter the account, with the interest added, had become an Easy Saver. I transferred it all to the current account, then withdrew the bulk to where I wanted it to go. Opened a new RS of which all the details appeared instantly, paid in my first £400 and set up the SO for November 1st et seq. All in one visit. Compare that with FD and HSBC inter alia.

veryintrigued

veryintrigued said:

liamcov said:

veryintrigued said:

Notts BS RS
This (original) RS is having its rate reduced to 0.55% with bonus ( 0.05 without) from 1st October.

I wonder if the fantastic rate promise they made as Covid closed in is now coming to an end for all their other RS?

Edit - reading the letter it states '...we have now taken the decision to lower our savings rates...'.

Hence those with their other RS brace yourselves for a few letters in the next few days.

Yes you must be right. That's a shame. My only variable rate product with them is the RS issue 2 which is currently at 2%. I guess I'll be closing more than just the Seasonal Saver come 30 November.

Yes.
This RS has reduced from an overall of 1.2% (with bonus).

I can see the RS8 (2.5%), Panthers (1.5%),  Seasonal Saver (2.5%) and RS2 (2%) following suit but maybe a little later (I can hope!).

Notts reward account is next. Reduced from 1.0 to 0.6 on 1/11/20.

I suspect they're reducing in the pattern of when the interest is paid / they mature (obs).

Therefore maybe:
Seasonal saver at maturity on 28/11/20
Notts RS8 at maturity on 28/2/21
Panthers at maturity on 31/3/21
RS2 interest paid end of each June.

Maybe...

Newly_retired

I don’t think that Notts BS have any new RS on the books, so it will be a case of once they’re gone, they’re gone.

veryintrigued

Newly_retired said:

I don’t think that Notts BS have any new RS on the books, so it will be a case of once they’re gone, they’re gone.

Notts BS

I agree that there haven't been any recent accounts but a number of their existing ones aren't 'going' though they are just having their rates trimmed.

For those that are having their rates slashed and remaining open I'm taking the majority out and reducing my s.o. to the minimum requirements.

Who knows what the future holds?

ctdctd

Notts BS

Letter today - Regular Saver issue 2 down to 0.05% + 0.5% bonus from 1st November.

apt

schiff said:

The difference between renewing a regular saver with one institution and other institutions is remarkable. My Club Lloyds RS matured today and as they had told me in a letter the account, with the interest added, had become an Easy Saver. I transferred it all to the current account, then withdrew the bulk to where I wanted it to go. Opened a new RS of which all the details appeared instantly, paid in my first £400 and set up the SO for November 1st et seq. All in one visit. Compare that with FD and HSBC inter alia.

Compare 1.5% and 2.75%.

typistretired

This July I opened my renewal regular saver with Firstdirect very quickly used to go out on 10th now goes out 13th

veryintrigued

ctdctd said:

Notts BS

Letter today - Regular Saver issue 2 down to 0.05% + 0.5% bonus from 1st November.

I also got letters for Panthers and RS8.
Bad post day.
All three 0.65% on Nov 1st

schiff

apt said:

schiff said:

The difference between renewing a regular saver with one institution and other institutions is remarkable. My Club Lloyds RS matured today and as they had told me in a letter the account, with the interest added, had become an Easy Saver. I transferred it all to the current account, then withdrew the bulk to where I wanted it to go. Opened a new RS of which all the details appeared instantly, paid in my first £400 and set up the SO for November 1st et seq. All in one visit. Compare that with FD and HSBC inter alia.

Compare 1.5% and 2.75%.

The comparison was not about interest rates, it was about the speed and smoothness of the transition between the end of one and start of a new.