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Regular Savings Accounts: The Best Currently Available List!

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  • Speculator
    Speculator Posts: 2,344 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 11 November 2024 at 12:36PM
    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%


  • 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
    dekkard Posts: 246 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    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."
  • 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. 

    Don't wait for your ship to come in, swim out to it.
  • 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
    Dizzycap Posts: 1,071 Forumite
    1,000 Posts Second Anniversary Photogenic Debt-free and Proud!
    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% :/
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  • 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.
  • 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
    jaypers Posts: 1,035 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    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. 
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