Regular Savings Accounts: The Best Currently Available List!

callum9999

poolboy said:

I got to 5k natwest saver fairly quickly by putting each shopping item through individually at morrisons, double roundups, easily 10 quid a day.  I m really surprised I wasn't binned off.  Don't forget the natwest sister banks, bank of scotland, wish ulster would launch one.

Are you sure that's a good use of your time?

You can generally get Morrisons gift cards for at least a 3% discount online, would you not be better off getting your shopping with that while leaving the round-up cash in one of the numerous accounts that pay around 5%? Unless I've missed something, the gift card discount saves you more than the additional interest you would earn from the roundups, and you don't have to stand at a till doing transaction after transaction every day!

liamcov

spreadsheeterapple said:

What is special about Leeds Reg Saver issue 55, apart from being a little higher interest rate, it is still variable and reducing over time. Also doesn't it mature sooner than a current issue, 4 months sooner, hence won't get a full 2 years worth of interest and losing several months on the highest balance at the back end compared with issue 58.

I don't get it, TIA for enlightenment

When does the 55 mature? I thought it was linked to account opening?

WillPS

callum9999 said:

Are you sure that's a good use of your time? 

I'm not sure why people see fit to make these sorts of judgments on here. It's a money saving forum. If people want to spend their time saving the pennies that's totally up to them.

callum9999 said:

You can generally get Morrisons gift cards for at least a 3% discount online, would you not be better off getting your shopping with that while leaving the round-up cash in one of the numerous accounts that pay around 5%? Unless I've missed something, the gift card discount saves you more than the additional interest you would earn from the roundups, and you don't have to stand at a till doing transaction after transaction every day!

You're totally missing something it takes almost 3 years to 'fill up' a Natwest/RBS digital regular saver with £150 monthly deposits alone.

A double round up generates a deposit up to £1.98 a time - or perhaps a more realistic £1.80 for a 10p banana. That £1.80 will earn an additional 1.8p of interest in Y1 (when compared to a 5% easy access), an additional 1.8p of interest in Y2 and potentially almost an additional 1.8p of interest in Y3 - all presuming that 1% arbitrage remains.

The cashback on that 10p banana had it been paid for with a discounted gift card would have been less than half a penny. 

For clarity, I don't do this - but I don't scorn those who do it, in fact I commend them for their thriftiness. I just can't be bothered myself.

allegro120

liamcov said:

spreadsheeterapple said:

What is special about Leeds Reg Saver issue 55, apart from being a little higher interest rate, it is still variable and reducing over time. Also doesn't it mature sooner than a current issue, 4 months sooner, hence won't get a full 2 years worth of interest and losing several months on the highest balance at the back end compared with issue 58.

I don't get it, TIA for enlightenment

When does the 55 mature? I thought it was linked to account opening?

Mine matures on 2nd November 2026, I've opened it 3 days ago on 20th November.  I was trying to open issue 58, but it turned to be issue 55.

spreadsheeterapple

allegro120 said:

liamcov said:

When does the 55 mature? I thought it was linked to account opening?

Mine matures on 2nd November 2026, I've opened it 3 days ago on 20th November.  I was trying to open issue 58, but it turned to be issue 55.

Leeds B Soc set specific maturity dates, unlike other firm's regular savers.

"Regular Saver (Issue 55) The term is fixed until 3 August 2026"

"Regular Saver (Issue 58) The term is fixed until 2 November 2026"

simonsmithsays

callum9999 said:

poolboy said:

I got to 5k natwest saver fairly quickly by putting each shopping item through individually at morrisons, double roundups, easily 10 quid a day.  I m really surprised I wasn't binned off.  Don't forget the natwest sister banks, bank of scotland, wish ulster would launch one.

Are you sure that's a good use of your time?

No doubt more profitable than typing replies on here.

Hattie627

I've had an email today from Gatehouse Bank saying that my Regular Saver issue 1 matures on 29th November and asking me to enter maturity instructions online. When I go online and into my account, I can't find anywhere to enter maturity instructions. Just wondered if anyone else is experiencing/has experienced this? Maturity is only 5 days away.

surreysaver

Hattie627 said:

I've had an email today from Gatehouse Bank saying that my Regular Saver issue 1 matures on 29th November and asking me to enter maturity instructions online. When I go online and into my account, I can't find anywhere to enter maturity instructions. Just wondered if anyone else is experiencing/has experienced this? Maturity is only 5 days away.

I was going to ask the same thing!  I've sent them a message asking how to do it, also in the reply asking them to just close the account upon maturity and transfer the balance to my nominated account 

Bobblehat

Exactly the same email this morning, with same maturity date. Logged on and spent a few minutes trying to find maturity options only to see that there looks like only one option (Annual interest and into same account). I decided to ring them tomorrow!

Gers

Hattie627 said:

I've had an email today from Gatehouse Bank saying that my Regular Saver issue 1 matures on 29th November and asking me to enter maturity instructions online. When I go online and into my account, I can't find anywhere to enter maturity instructions. Just wondered if anyone else is experiencing/has experienced this? Maturity is only 5 days away.

Yep - me too.  I've sent them an email with a screenshot of the account options available to me. So annoying.