Regular Savings Accounts: The Best Currently Available List!

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.

Speculator

Thomas_Crown said:

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.

I have the Christmas 2025 too. I am basically using these 5 to 5.5% regular savers to park my instant access money. 

spreadsheeterapple

Speculator said:

Thomas_Crown said:

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.

I have the Christmas 2025 too. I am basically using these 5 to 5.5% regular savers to park my instant access money. 

Exactly that, the reg savers with rates better than actual easy-access now are still likely to be better as time goes on, even the reg savers with variable rates. Better to look for fixed obviously.
Those that allow penalty-free closure are a gift.

They say that in investing the portfolio should be diversified; same principle applies kind of
- having a mix of fully fixed savers plus those which allow withdrawals or closure.

jaypers

Just opened the Halifax RS to add to my portfolio. Already had the app as have a credit card with them. Have to say that it’s probably the quickest and easiest account I’ve ever opened. Funded and showing immediately too. Well done Halifax. 

allegro120

Thomas_Crown said:

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.

I have 6 regular savers with Principality at he moment, all between 5.5% and 7%.  Currently my minimum threshold for RS is 5.25%.  This is because my easy/instant access account (Cahoot Simple Saver) is paying 5.12%, but this will end in two month's time, I will have to go with whatever is paying best out of my EA collection at the time - don't know what it will be but I'm sure it will be something below 5%.  This makes me think that perhaps now is the time to reconsider my RS margins.  I don't have a crystal ball but it looks like 5.15% RS offers will be at the top of the league in a very near future.

CricketLady

I have a Halifax 5.5% regular saver due to mature on the 21st November - I didn't fund it last year, it simply rolled over from the previous year.  Is there any way I can close it early, and open a new one this week? I've had a letter today saying that on the 21st it will mature then automatically renew but I think the rate will drop before then.  I'd like to be able to get it going for another year from now but I daren't cancel it in case it then doesn't allow me to start on the renewal date. Should I hold out for the 21st or is there another option?  Thanks in advance 

CricketLady

Sorry, just realised my question probably shouldn't be in the "best available list" section! I'll pop it on a new thread

Speculator

CricketLady said:

I have a Halifax 5.5% regular saver due to mature on the 21st November - I didn't fund it last year, it simply rolled over from the previous year.  Is there any way I can close it early, and open a new one this week? I've had a letter today saying that on the 21st it will mature then automatically renew but I think the rate will drop before then.  I'd like to be able to get it going for another year from now but I daren't cancel it in case it then doesn't allow me to start on the renewal date. Should I hold out for the 21st or is there another option?  Thanks in advance 

Just "renew" it to everyday saver then log out   log in and open new 5.5% regular saver.

CricketLady

Thanks Speculator, it is saying that if I don't want to renew I can open an Everyday Saver but would it do this instantly or would it roll over into this on the renewal date (21st?)  Sorry to be dense!

Speculator

CricketLady said:

Thanks Speculator, it is saying that if I don't want to renew I can open an Everyday Saver but would it do this instantly or would it roll over into this on the renewal date (21st?)  Sorry to be dense!

I always renew it to Everyday saver, then log out and log back in to open a new regular saver. Takes 5 mins.   You don't need to wait until the 21st.