Regular Savings Accounts: The Best Currently Available List!

t1redmonkey

Aldermore - looks like you can apply for the issue 2 now, but you're not permitted to hold it in addition to issue 1: https://www.aldermore.co.uk/savings-accounts/personal-savings-accounts/regular-saver-account/regular-saver-account/

jaypers

Based on the rates dropping I might just grab a Halifax RS at 5.5% while it’s still there. 

Speculator

ColdIron said:

Speculator said:

bigjoe said:

Can I ask is it better to fund RS accounts on the 1st of each month or doesn't it make any difference?

The earlier you deposit the money, the more interest you will get.

For example, assuming a rate of 6% and 1st and 31st are working days. If you pay in £250 on the 1st, you will earn £1.27 in interest for that month. If you paid  in £250 on the 31st, you will earn 4p in interest.   

Not really a fair comparison is it, comparing interest gained in 1 day against 31 days

For calendar month type RSs if you had paid £250 on the 31st and again on the 1st you would have £2.59 at the end of the first full month. Effectively you would have £500 for the first month and an extra £250 for every subsequent month

I was answering a specific question.

Speculator

jaypers said:

Based on the rates dropping I might just grab a Halifax RS at 5.5% while it’s still there. 

I’ve opened a few regular savers with a fixed rate of 5% (with penalty free and notice free access) or higher since BOE lowered the base rate and wife has done the same.

Halifax 5.5%, Lloyds 5.25%, Santander 5%.  

Will open the Principality 5.15% later today.

Shame I can’t renew my BOS 5.5%

where_are_we

Hattie627 said:

Chorley Building Society Regular Saver (30.11.24)

Maturity options letter received today for this account which matures at the end of November.

Option to rollover £1 at maturity into a further Regular Saver maturing on 30.11.25, keeping same account number.

Current rate of interest offered is 5.15% pa variable. Maximum monthly deposit is £300. No withdrawals but can be closed during term without penalty.



 

I have Chorley Building Society Seasonal Saver 30/11/24 maturing. My option 1 is for £1 opening deposit into a new Seasonal Saver 30/11/25 with remaining balance to nominated account. After an enquiry CBS confirmed you can have both a Seasonal RS and an ordinary RS running at the same time. They both have virtually the same T&C`s. I will opt for option 1 and roll over £1 in order to fund and renew my new Seasonal Saver 25. I have also applied for a new RS 31/10/25.

dekkard

A message I got from the Principality that might interest anyone with the First Home steps Issue 2 account. I asked them whether the rate on it is changing:

"To confirm both the First home Steps online Issue 3 and the first home steps account Issue 4 will decrease from 5.00% to 4.85% on the 05/12/2024.

At this moment in time we cannot say for definate [sic] if your First home steps Issue 2 will be decreasing as well on the 05/12/24."

littlemissbossy

Hi

I’m a newbie to the regular saver thread so I’m sorry if this is old news. Chorley Building Society 5.15% variable. Save between £25-£300, no withdrawals, closure allowed. 

https://www.chorleybs.co.uk/savings/regular-saver-accounts/regular-saver-31102025

Hattie627

t1redmonkey said:

Aldermore 5.25% Issue 1 RS NLA I believe, and is going to be reduced to 5% from 6th December.  Will also be replaced with an issue 2 at 5% today:



Source: https://www.aldermore.co.uk/media/25ahbzw5/personal-savings-accounts-rates.pdf

Aldermore have been very fair with the RS Issue 1. It launched in Nov 2023 at 5.25% variable and they didn't reduce the rate after the bank rate drop on 1st August 2024. 

Dizzycap

t1redmonkey said:

Aldermore 5.25% Issue 1 RS NLA I believe, and is going to be reduced to 5% from 6th December.  Will also be replaced with an issue 2 at 5% today:



Source: https://www.aldermore.co.uk/media/25ahbzw5/personal-savings-accounts-rates.pdf

Nice to see that I wasn't going mad with Aldermore Issue 1 being withdrawn. It just showed in my Aldermore account 3 days before it was official withdrawn. Not that it makes much difference as both issues will be at 5%

Thomas_Crown

Speculator said:

jaypers said:

Based on the rates dropping I might just grab a Halifax RS at 5.5% while it’s still there. 

I’ve opened a few regular savers with a fixed rate of 5% (with penalty free and notice free access) or higher since BOE lowered the base rate and wife has done the same.

Halifax 5.5%, Lloyds 5.25%, Santander 5%.  

Will open the Principality 5.15% later today.

Shame I can’t renew my BOS 5.5%

My Principality Maturity Regular Saver Bond at 6.25% matures this Wednesday. I opened a Christmas 2025 Regular Saver Bond at 7%, on the 1st November. I know that it's a maximum of £125.00 pm but I think 5.15% is too low at the moment.