Regular Savings Accounts: The Best Currently Available List!

allegro120

s71hj said:

Am I correct that if I pay £1.01 from a debit card on the Natwest reward account I can select for 99p round up on top of this to be rounded up to my natwest digital regular saver in addition to the £150 a month max? I have done a trial paying £1.01 by Natwest debit to my Cambridge bs e saver which pays 3.2%. Presuming this works, Is there a better paying account to do this payment to that takes debit cards.

Yes, you are correct, that goes on the top of £150 allowance.  Also if you chose a double round-up you can get £1.98 per transaction.
My Natwest and RBS are full now, but I used NS&I Direct Saver for this purpose. It currently pay 3.75%.  The main advantage of NS&I is that you can do as many £1.01 transactions as you like, they don't seem to mind.  It takes long time for money to arrive, but when arrived you can withdraw straight away (withdrawals arrive on the next day) and cary on recycling until your Natwest Digital Saver reached a magic £5k.

flaneurs_lobster

allegro120 said:

The main advantage of NS&I is that you can do as many £1.01 transactions as you like, they don't seem to mind. 

Just to emphasise what @allegro120 says, some institutions can get hissy when used for lots of these small debit card transactions (each one costs them a %) and emphasise that their accounts should not be used like current accounts. That's why NS&I are often recommended for "round-up stuffing" .

s71hj

flaneurs_lobster said:

allegro120 said:

The main advantage of NS&I is that you can do as many £1.01 transactions as you like, they don't seem to mind. 

Just to emphasise what @allegro120 says, some institutions can get hissy when used for lots of these small debit card transactions (each one costs them a %) and emphasise that their accounts should not be used like current accounts. That's why NS&I are often recommended for "round-up stuffing" .

Thanks both, that is really useful. "Round up stuffing". God I love this forum!!! It has given me a whole new language. Sits alongside my other faves "Dummy direct debit" "burner account".

Special_Saver2

Hi Folks,

I have just updated the first page of this thread.

- Aldermore Regular Saver Account (Issue 2) replaces issue 1, paying 5% gross p.a. variable on up to £300 for 12 months and MSE user Bridlington1 has written on page 1523 of this thread for issue 1 that it is possible to make 13 payments into this account. You cannot open this account if you already have an Aldermore Regular Saver Account (Issue 1).

- Hinckley and Rugby BS Regular Saver 30 Day Notice Account (Issue 2) interest rate reduced from 4.85% gross p.a. variable to 4.6% from 29th November 2024

- Principality BS 1 Year Regular Saver Bond (Issue 35) title changed (incorrectly had issue 34)

- Saffron BS Small Saver interest rate reduced from 5.5% gross p.a. variable to 5% from 4th December 2024

- Leeds BS Home Deposit Saver (Issue 2) replaces issue 1 paying 5.05% gross p.a. variable on up to £500 per month with a maximum balance £30,000 plus accrued interest.

- Stafford BS Regular Saver (Issue 1) interest rate reduced from 5.15% gross p.a. variable to 4.9% from 1st December 2024

- Gatehouse Regular Saver Account (Issue 2) removed as no longer available

I will do the next update within the next 1-2 weeks.

SS2

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For those new to this thread, the first few posts are regularly updated and are on the first page
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

silvercar

My NatWest and RBS digital savers are going to reach £5k in the next few months. When it reaches £5k should I cancel the payments, or do I need to make a minimum payment each month?

Middle_of_the_Road

silvercar said:

My NatWest and RBS digital savers are going to reach £5k in the next few months. When it reaches £5k should I cancel the payments, or do I need to make a minimum payment each month?

You can cancel the standing orders, no need to make any payments. Remove the interest monthly.

trickydicky14

flaneurs_lobster said:

allegro120 said:

The main advantage of NS&I is that you can do as many £1.01 transactions as you like, they don't seem to mind. 

Just to emphasise what @allegro120 says, some institutions can get hissy when used for lots of these small debit card transactions (each one costs them a %) and emphasise that their accounts should not be used like current accounts. That's why NS&I are often recommended for "round-up stuffing" .

That's why I go easy on Skipton BS, others have said they get a bit hissy.

Bridlington1

Newcastle BS Interest Rate Reductions From 10/12/24:

Regular Saver (Issue 1) ~~~ NO CHANGE ~~~ Remains at 5.5%

Bridlington1

@Special_Saver2
Coventry BS Young Saver shall reduce from 5% to 4.75% from 2/12/24. Apologies, I think I forgot to mention it when I reported the Coventry BS interest rate cuts the other day..

Stargunner

trickydicky14 said:

flaneurs_lobster said:

allegro120 said:

The main advantage of NS&I is that you can do as many £1.01 transactions as you like, they don't seem to mind. 

Just to emphasise what @allegro120 says, some institutions can get hissy when used for lots of these small debit card transactions (each one costs them a %) and emphasise that their accounts should not be used like current accounts. That's why NS&I are often recommended for "round-up stuffing" .

That's why I go easy on Skipton BS, others have said they get a bit hissy.

I used Family BS to get by Nat West & RBS savers up to the £5k limit.
Some days i made over 50 debit card deposits without any problem.
The deposits show on your account straight away and you can withdraw the money the same day and it was in my bank the next day.