Regular Savings Accounts: The Best Currently Available List!

exel1966

Changes afoot for the Principality First Home Saver Accounts....perhaps. It won't be the first time they've changed the account.

We’re always looking to improve the products and services we offer to ensure that we are meeting the needs of our customers and providing a positive experience. We're currently reviewing our First Home Steps savings account, as a valued Member, we would like your feedback on your experience of this product.

Bridlington1

Aidanmc said:

Bridlington1 said:

Leeds BS interest rate reduction 24/12/24

Home Deposit Saver from 5.15% to 5.05%

REGULAR SAVER (ISSUE 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 56 & 57) from 5.1% to 4.95%

https://www.leedsbuildingsociety.co.uk/savings/savings-account-changes/

I imagine the current Issue 58 will reduce then also?

I don't know the answer to that, I'll contact them tomorrow and see if I can get further info. I'll omit it from my list of rate changes for the time being.

Additionally the Leeds BS RS Issue 55 is listed as reducing from 5.25% to 5.1% on 24/12/24. I suspect this is a typo as IIRC Issue 55 was launched at 5.1% just before they announced their other regular savers were reducing to 5.1% after the previous BOE Base Rate change.

Apologies for failing to mention this earlier, I'd spotted the Leeds BS reductions towards the end of my break at work so was fairly rushed to report them onto the forum before I started working again.

rob37uk

Bridlington1 said:

Aidanmc said:

Bridlington1 said:

Leeds BS interest rate reduction 24/12/24

Home Deposit Saver from 5.15% to 5.05%

REGULAR SAVER (ISSUE 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 56 & 57) from 5.1% to 4.95%

https://www.leedsbuildingsociety.co.uk/savings/savings-account-changes/

I imagine the current Issue 58 will reduce then also?

I don't know the answer to that, I'll contact them tomorrow and see if I can get further info. I'll omit it from my list of rate changes for the time being.

Additionally the Leeds BS RS Issue 55 is listed as reducing from 5.25% to 5% on 24/12/24. I suspect this is a typo as IIRC Issue 55 was launched at 5.1% just before they announced their other regular savers were reducing to 5.1% after the previous BOE Base Rate change.

Apologies for failing to mention this earlier, I'd spotted the Leeds BS reductions towards the end of my break at work so was fairly rushed to report them onto the forum before I started working again.

Leeds RS 55 is now listed as reducing to 5.10% from 24/12/24

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.