Regular Savings Accounts: The Best Currently Available List!

bigjoe

s71hj said:

With the Nationwide regular saver are you allowed to have one of these and not have a current account with them?

Here, let me check their website for you:

"Our regular savings account just for current account members."

Bridlington1

NatWest and RBS Interest Rate Reductions From 5/12/24. 

Digital Regular Saver NO CHANGE for balances of £5k and less so will remain at 6.17% for now.

The portion of the balance above £5k shall reduce from 1.6% to 1.5% though.

Kim_13

s71hj said:

With the Nationwide regular saver are you allowed to have one of these and not have a current account with them?

You were with the Start To Save, but it’s not currently available. 

The Flex Regular Saver requires a current account with them.

gele

I have just opened the Principality 6 month regular saver and have an account number etc. It says an activation code will be sent by post to access the account online. Is there any reason to wait to fund the account or am I fine to fund it immediately.? I suppose my concern is if the account is pulled in the next couple of days or so, but with an account number, I will still get an activation code and be able to fund later wont I? 

jaypers

gele said:

I have just opened the Principality 6 month regular saver and have an account number etc. It says an activation code will be sent by post to access the account online. Is there any reason to wait to fund the account or am I fine to fund it immediately.? I suppose my concern is if the account is pulled in the next couple of days or so, but with an account number, I will still get an activation code and be able to fund later wont I? 

Pretty sure you get an immediate, but limited login and you can see balances etc. The activation code just unlocks full functionality as far as I remember. Check your email and they should have sent you a user id. 

Dizzycap

bigjoe said:

Personally, I like to step ladder my RS maturity dates so that I have at least 2-3 RS maturing each month, but it doesn't always work out as planned, especially when a few can get pulled within a couple of weeks during the 'UK Savings Week' in September.

Does this mean you have dozens of RS accounts? Is that common on this thread? And does it not mean paying tax on savings, effectively cutting IR?

Is the thinking lots of RS at higher interest is better than lump sum in lower interest ISA for example?

Everyone has their personal way that suits their savings habits according to their personal finances and future goals. There is no secret / right or wrong forumla, except with the aim of maximising returns.

Obviously it's a good idea to take advantage of an ISA where interest is tax free and it's especially good if its flexible Cash ISA where you can dip in and replace, if needed, as the max £20k remains and dosen't reduce no matter how many times you may need to dip & replace.

Janie2008

gele said:

I have just opened the Principality 6 month regular saver and have an account number etc. It says an activation code will be sent by post to access the account online. Is there any reason to wait to fund the account or am I fine to fund it immediately.? I suppose my concern is if the account is pulled in the next couple of days or so, but with an account number, I will still get an activation code and be able to fund later wont I? 

I did mine immediately. It doesn't matter if it's pulled  just check if you have to fund within a certain number of days. 

simonsmithsays

Mods - is it worth merging some of the comments on this thread with the one below?

We currently have two Savings threads discussing the merits of RS.

(Puts tin hat 🤠 on)

https://forums.moneysavingexpert.com/discussion/6566193/optimum-number-of-regular-savings-accounts#latest

surreysaver

simonsmithsays said:

Mods - is it worth merging some of the comments on this thread with the one below?

We currently have two Savings threads discussing the merits of RS.

(Puts tin hat 🤠 on)

https://forums.moneysavingexpert.com/discussion/6566193/optimum-number-of-regular-savings-accounts#latest

The odd comment or query is fine, but when it turns into a full blown discussion...

surreysaver

surreysaver said:

happybagger said:

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.

I've had a look. The application process specifically asks if I was a member of Vernon prior to 1st May 2024, which I wasn't!

I applied for the Vernon Regular Saver last night, but got a rejection email as I don't live within the postcode area, so they're not accepting applications from existing customers