Regular Savings Accounts: The Best Currently Available List!

Dizzycap

RosieRooBear said:

Hanley Online Regular Saver (NLA) interest rate reduction from 5.5% to 5% wef 01/12/2024

https://www.thehanley.co.uk/savings-rates

This has come as a blow, as like others, I was going to start fully loading each month. However, with 6 free withdraws a year, it still has its place, even as a 2 month draw down account to fund higher regular savers, if needed

Bridlington1

Dizzycap said:

RosieRooBear said:

Hanley Online Regular Saver (NLA) interest rate reduction from 5.5% to 5% wef 01/12/2024

https://www.thehanley.co.uk/savings-rates

This has come as a blow, as like others, I was going to start fully loading each month. However, with 6 free withdraws a year, it still has its place, even as a 2 month draw down account to fund higher regular savers, if needed

Additionally it's probably worth remembering that HEBS chose not to reduce the rate of the Online RS after the previous cut in the BOE base rate so in doing a 0.5% cut they've in effect passed on both of the previous two base rate cuts in one go.

Aidanmc

My Nationwide RS matured today, interest added and now showing Instant access saver.

Tried to open a new RS, but the system wont let me, saying i already have one!

Probably just because its the weekend?

jaypers

Aidanmc said:

My Nationwide RS matured today, interest added and now showing Instant access saver.

Tried to open a new RS, but the system wont let me, saying i already have one!

Probably just because its the weekend?

Is the effective date Monday (18th) which would probably explain why as Bank systems tend to work on weekdays, making weekends (‘today’) sometimes act a little weird. 

RosieRooBear

Dizzycap said:

RosieRooBear said:

Hanley Online Regular Saver (NLA) interest rate reduction from 5.5% to 5% wef 01/12/2024

https://www.thehanley.co.uk/savings-rates

This has come as a blow, as like others, I was going to start fully loading each month. However, with 6 free withdraws a year, it still has its place, even as a 2 month draw down account to fund higher regular savers, if needed

The HEBS Online RS only allows 5 penalty free withdrawals per tax year, not 6, but still a good account to hold onto 😊

Can I withdraw money?

You can make 5 withdrawals per tax year (6 April to 5 April) without penalty. All other withdrawals are subject to 30 days loss of interest on the amount withdrawn. Withdrawals will be made to the nominated bank account provided at the time of opening the account. £1,000 must remain in the account following a withdrawal.

CricketLady

Aidanmc said:

My Nationwide RS matured today, interest added and now showing Instant access saver.

Tried to open a new RS, but the system wont let me, saying i already have one!

Probably just because its the weekend?

Hi, I had the same problem when mine matured on Tuesday, by Wednesday morning I was able to open a new one.  

Hattie627

Skipton Building Society Home Deposit Saver Issue 1 reducing from 5.06% to 4.81% from 9th December 2024.

RosieRooBear

Hattie627 said:

Skipton Building Society Home Deposit Saver Issue 1 reducing from 5.06% to 4.81% from 9th December 2024.

@Hattie627, where did you see that as on the list of their reductions that I posted it wasn’t mentioned, and other forumites couldn’t see it either 😊

csw5780

RosieRooBear said:

Hattie627 said:

Skipton Building Society Home Deposit Saver Issue 1 reducing from 5.06% to 4.81% from 9th December 2024.

@Hattie627, where did you see that as on the list of their reductions that I posted it wasn’t mentioned, and other forumites couldn’t see it either 😊

This is issue 2 - terms dated 7/11/2024

Hattie627

Skipton BS

I've got Issue 1 of the Home Deposit Saver and have received email from them today (quoting all my account nos) and clearly saying that Issue 1 is dropping to 4.81%. Copied from email:-

Home Deposit Saver 1 A

Account Number ending:

(edited out)

Current Interest Rate

5.06% gross pa/AER^ variable.

New Interest rate

4.81% gross pa/AER^ variable.