Regular Savings Accounts: The Best Currently Available List!

Kim_13

Stargunner said:

received an email from Monmouthshire BS advising that they are reducing the rate on the below from 13th December.

EXCLUSIVE REGULAR SAVER - ISSUE 2

Old Rate (%) 6.00  New Rate (%)  5.65

Very surprised at this from them - the rate being so much lower than the Issue 1 rate seemed to have had several reductions priced in already. With inflation now going the wrong way and another energy price cap rise and Ofcom’s new pounds and pence rises to fuel it further, I can’t see another cut for a while.

If I had more than the minimum in it, I would probably close it.

Also, a full 1% cut to 2.25% on their already low-ish by market standards EA (but that stays with just over £1 in for membership purposes.)

allegro120

Aidanmc said:

Gatehouse account now showing EASY ACCESS REGULAR SAVER IS1

Account no beginning ERG

Mine changed too.  It would be good if they displayed or sent t&c for this account, it's not clear what kind of account this is and what you can and can't do with it.

t1redmonkey

Stargunner said:

received an email from Monmouthshire BS advising that they are reducing the rate on the below from 13th December.

EXCLUSIVE REGULAR SAVER - ISSUE 2

Old Rate (%) 6.00  New Rate (%)  5.65

That is disappointing, especially as it seemed like they'd already done their review of interest rates since they updated this list on 14th November after the rate change and didn't show any change to this one: https://media.monbs.com/savings/withdrawn-variable-rate-accounts/

Ah well!

Stargunner

Kim_13 said:

Stargunner said:

received an email from Monmouthshire BS advising that they are reducing the rate on the below from 13th December.

EXCLUSIVE REGULAR SAVER - ISSUE 2

Old Rate (%) 6.00  New Rate (%)  5.65

Very surprised at this from them - the rate being so much lower than the Issue 1 rate seemed to have had several reductions priced in already. With inflation now going the wrong way and another energy price cap rise and Ofcom’s new pounds and pence rises to fuel it further, I can’t see another cut for a while.

If I had more than the minimum in it, I would probably close it.

Also, a full 1% cut to 2.25% on their already low-ish by market standards EA (but that stays with just over £1 in for membership purposes.)

5.65% is still higher than any EA account so I will still be funding it.

WillPS

Kim_13 said:

Stargunner said:

received an email from Monmouthshire BS advising that they are reducing the rate on the below from 13th December.

EXCLUSIVE REGULAR SAVER - ISSUE 2

Old Rate (%) 6.00  New Rate (%)  5.65

Very surprised at this from them - the rate being so much lower than the Issue 1 rate seemed to have had several reductions priced in already. With inflation now going the wrong way and another energy price cap rise and Ofcom’s new pounds and pence rises to fuel it further, I can’t see another cut for a while.

If I had more than the minimum in it, I would probably close it.

Also, a full 1% cut to 2.25% on their already low-ish by market standards EA (but that stays with just over £1 in for membership purposes.)

I'd also put £50 in just in case the rate became a leading one further down the line. It still could I guess, but it feels less likely.

Aidanmc

allegro120 said:

Aidanmc said:

Gatehouse account now showing EASY ACCESS REGULAR SAVER IS1

Account no beginning ERG

Mine changed too.  It would be good if they displayed or sent t&c for this account, it's not clear what kind of account this is and what you can and can't do with it.

I deposited into it from another Gatehouse Easy access.

Also sending a test deposit from my current account,

liamcov

Bridlington1 said:

Principality BS to launch a 6 Month Regular Saver Issue 2 over the coming days.

No further details are known yet but the application link to the account has appeared on their website which implies Issue 1 at 8% shall be replaced within the next week or so.

What is the process for closing Issue 1 and opening another before it disappears? 

allegro120

liamcov said:

Bridlington1 said:

Principality BS to launch a 6 Month Regular Saver Issue 2 over the coming days.

No further details are known yet but the application link to the account has appeared on their website which implies Issue 1 at 8% shall be replaced within the next week or so.

What is the process for closing Issue 1 and opening another before it disappears? 

I've done this 2 weeks ago.  Can't remember the exact details but it was very straight forward, closed and immediately opened a new one online.

mattojgb

Re Monmouth

I also funded this with only the minimum amount in the hope it might be become more competitive. It doesn't allow withdrawals so isn't ideal for me at the moment. It does have the advantage of allowing up to £500 per month.

flaneurs_lobster

Stargunner said:

Kim_13 said:

Stargunner said:

received an email from Monmouthshire BS advising that they are reducing the rate on the below from 13th December.

EXCLUSIVE REGULAR SAVER - ISSUE 2

Old Rate (%) 6.00  New Rate (%)  5.65

Very surprised at this from them - the rate being so much lower than the Issue 1 rate seemed to have had several reductions priced in already. With inflation now going the wrong way and another energy price cap rise and Ofcom’s new pounds and pence rises to fuel it further, I can’t see another cut for a while.

If I had more than the minimum in it, I would probably close it.

Also, a full 1% cut to 2.25% on their already low-ish by market standards EA (but that stays with just over £1 in for membership purposes.)

5.65% is still higher than any EA account so I will still be funding it.

I can only afford to fund my RS collection when their rate is >5.5% so this one just about stays in the loop.