Regular Savings Accounts: The Best Currently Available List!

rob37uk

JamesRobinson48 said:

Bridlington1 said:

Skipton BS Home Deposit Saver at 5.06% NLA

Replaced by Issue 2 at 4.81%

Skipton BS Home Deposit Saver Issue 2 at 4.81% (variable):

The account T&Cs seem to indicate that you can't have Issue 2 if you already have Issue 1.

You can only hold one Home Deposit Saver in your name at any one time (either a Home Deposit Saver or a Branch Home Deposit Saver). 

I have a hunch that's intentional, but possibly it's just sloppy drafting. Would anyone care to kindly ask them?

The Skipton system allows both Home Deposit  Issue 1 and Issue 2 to be open at the same time. Parked £1 in issue 2 to see what happens.

RosieRooBear

Dizzycap said:

Aldermore 5.25 RS NLA

It’s still available as I’ve just opened it online.

GlasgowExpat2

s71hj said:

Bridlington1 said:

Vernon BS Rate Reductions From 1/12/24:

Online Regular Saver 6.5% NO CHANGE

Locals only isn't it?

postcodes: BL, CH, CW, M, OL, SK, WA or WN - didn’t realise I qualify 👏🏻

Stargunner

apt said:

Stargunner said:

Speculator said:

Just opened  Lloyds monthly @ 5.25%.  Also, renewed and reopened the club lloyds monthly.

Rate on both is fixed and allows unlimited withdrawals.

Have you not had a Club Lloyds monthly saver in the last 12 months, because according to their t&c’s you cant reopen another one within a 12 months period.

It does say that, but they don't enforce it. Easy to close and reopen online.

Thanks for the tip. Just renewed snd funded both my Club Lloyds savers

happybagger

surreysaver said:

s71hj said:

Bridlington1 said:

Vernon BS Rate Reductions From 1/12/24:

Online Regular Saver 6.5% NO CHANGE

Locals only isn't it?

On Moneyfacts it says existing customers as well, but cannot find any reference to that on Vernon's website. I think originally it was also available for existing customers, but perhaps Moneyfacts hasn't updated its website 

If you log in and go to "Products" in the left hand pane you get the list of options of which the ORS is there. I opened it in June though. The product info does say the postcodes but IIRC it said the same when I opened it.

10_66

Principality
I've just tried closing my 6 month regular saver in order to try to reopen one, but its still showing as open and the message I got when I requested closure was it should be actioned within 1 day.  I was in two minds as to whether to close it as it still had until the 24 December before it matured, not too hopeful it'll still be available by tomorrow.  Does anyone know if each of their closures have to be manually checked?

Dizzycap

RosieRooBear said:

Dizzycap said:

Aldermore 5.25 RS NLA

It’s still available as I’ve just opened it online.

When I checked it said unavailable just after the BoE Rate change.............? Strange. It still says it now?

friolento

10_66 said:

Principality
I've just tried closing my 6 month regular saver in order to try to reopen one, but its still showing as open and the message I got when I requested closure was it should be actioned within 1 day.  I was in two minds as to whether to close it as it still had until the 24 December before it matured, not too hopeful it'll still be available by tomorrow.  Does anyone know if each of their closures have to be manually checked?

It does seem to involve a manual action by Principality but they are quite quick with it, a couple of hours or thereabouts during working hours. As soon as they have actioned your closure request, you can then apply for the RS again, if it's still there. Nobody here can tell you whether that will be the case.

If you requested your balanace to be paid to your current account, it should be there by the end of the working day the request got processed.

spreadsheeterapple

flaneurs_lobster said:

Can someone remind me of the rule of thumb as to when renewing a fixed reg saver is more lucrative than leaving it to mature? The rate that the removed funds can earn is an obvious variable in the equation.

My Club RS has 6 mths-worth of deposits. 

Not sure there IS a rule of thumb. I'm not convinced of the strategy, especially when combined with the strategy many use of opening-at-month-end-and funding-2nd-deposit-next-day on-1st-of-month.

I did a spreadsheet and played with scenarios for my reg savers. I found that keeping to maturity, and then taking up a new reg saver at a lower rate, say 6% next time instead of 7.85% because rates are dropping, actually got me MORE interest overall than closing nearly 2 months early and re-opening the same type at 7.85%.

Mind you, that was with nearly 2 months til maturity. Got to bear in mind would have been missing out on 50-odd days of the full balance achieved.

Happy to be proved wrong of course

allegro120

Digital_Payback said:

OneUser1 said:

I took the risk and closed my Principality 6 Month and - this was the risk - I have been able to open a new 6 Month. I was worrying between closing and reopening but now I’ve done it I am feeling smug!

Did the same myself. Closed my Principality 6 Month Saver, due to mature next month, and opened a new one within about 90 mins. 

Does anyone know how long it takes for the Principality BS, on account closure, to transfer out the funds to an external account?

Received money within a couple of hours after closure.  Opened the new one straight away.