Regular Savings Accounts: The Best Currently Available List!

GetRichOrDieSaving

Given the clear downward trend of rates and cuts as expected with the BOE reductions, do people think that RS will drop below 5%? 

WillPS

GetRichOrDieSaving said:

Given the clear downward trend of rates and cuts as expected with the BOE reductions, do people think that RS will drop below 5%? 

Some already are, but the high flyers have so far been pretty robust in staying where they are. Borrowing costs are rising despite the rate cut which suggests the market is pricing in future rises again.

To say much more would be crystal ball gazing, obviously the correct thing to do is take good rates as soon as you can and ignore the rubbish ones, moving money between existing ones as they become or cease being worth having.

subjecttocontract

I'm hopeful that rates will rise again next year. The economy and the fiscal decisions being made don't give me a feeling that we are on a regular downward path. World events, trade, USA etc will also have an impact. But none of us really know what the future holds.

jaypers

subjecttocontract said:

I'm hopeful that rates will rise again next year. The economy and the fiscal decisions being made don't give me a feeling that we are on a regular downward path. World events, trade, USA etc will also have an impact. But none of us really know what the future holds.

Much as I like savings rates being high, for the good of the majority I hope base rates reduce rather than turn around and go up again. 

ShinyStarlight1

jaypers said:

subjecttocontract said:

I'm hopeful that rates will rise again next year. The economy and the fiscal decisions being made don't give me a feeling that we are on a regular downward path. World events, trade, USA etc will also have an impact. But none of us really know what the future holds.

Much as I like savings rates being high, for the good of the majority I hope base rates reduce rather than turn around and go up again. 

Jaypers, I agree with you. There are members of my family, next generation down, who could do with some of the financial burden of their mortgage being reduced. I’m sure it’s the same for others too.

Dizzycap

Principality 1 Year Triple Access Regular Saver (Online) 5.75% reduced to 5.6% as of 5th December.

Dizzycap

GetRichOrDieSaving said:

Given the clear downward trend of rates and cuts as expected with the BOE reductions, do people think that RS will drop below 5%? 

Some already have either been reduced or have been offered at below the 5% mark:

https://moneyfactscompare.co.uk/savings-accounts/regular-savings-accounts/

Bridlington1

Dizzycap said:

GetRichOrDieSaving said:

Given the clear downward trend of rates and cuts as expected with the BOE reductions, do people think that RS will drop below 5%? 

Some already have either been reduced or have been offered at below the 5% mark:

https://moneyfactscompare.co.uk/savings-accounts/regular-savings-accounts/

They haven't stopped being offered below the 5% mark to my knowledge. Loughborough BS's Regular Saver Issue 1 for example paid 2.5% back in 2022 when it was a decent rate for a regular saver. The rate was never changed and continues to be offered at 2.5% to this day.

Bridlington1

Dizzycap said:

Principality 1 Year Triple Access Regular Saver (Online) 5.75% reduced to 5.6% as of 5th December.

I'm afraid @Kazza242 beat you to it over a fortnight ago. The rate cut has also been reflected in the list I'm maintaining of rate cuts announced since the BOE base rate cut.

GlasgowExpat2

I’ve opened a second regular saver with Principality BS but NatWest only allow one payee with the same account number. I’m sure I saw a list of banks/building societies who allow multiple accounts with different payee references but I can’t find it.