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Regular Savings Accounts: The Best Currently Available List!

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  • surreysaver
    surreysaver Posts: 4,805 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 20 October 2020 at 9:05AM
    Keith80 said:
    Principality BS has a new RS for NHS employees. Rate is 1.65%.
    ***Warning slightly tangential post***

    I wonder how this is 'policed'?

    If its by applicants having an NHS employee number plenty of people having absolutely key positions supporting the NHS may miss out on this?

    E.g. a close relative of mine works in a hospital sorting out prescriptions for all the NHS patients within the in-house pharmacy. But as she's, now, employed by a third party company rather than the NHS she maybe wouldn't be eligible for this.

    Presumably, she's less worthy, than the many health staff who seek advice from her, within 'her pharmacy' on a daily basis for the patients.

    It's a different thread but, whilst recognising what an absolutely amazing job most of our NHS staff do, we do need to value lots, lots more peoples roles, who are critical to society, too.



    "You must be aged 16 or over, a UK resident for tax purposes and employed directly by the National Health Service (the “NHS”) to open and operate this Account. You will need to present your NHS staff ID card in order to evidence eligibility for this account."
    The 'NHS' doesn't directly employ anyone. Its an umbrella term for hundreds of separate organisations, some with 'NHS' in their organisation's name, and some without 

    By country, the NHS directly employs around:

    Define a 'directly employed' employee of the NHS 

    "This includes those directly employed on a salary, contractors, trainees and agency staff"

    That response doesn't actually answer my question.  Again, there is no such thing as someone 'directly employed' by the NHS, as the NHS is an umbrella term for hundreds of legally separate organisations, some with NHS in their title, some without, but which solely perform NHS services.  I would like to see how Principality have told their staff to ascertain whether someone is directly employed by the NHS or not.
    What about other key workers who have also had to work during the pandemic, but have had to wait outside supermarkets because 'NHS' staff have had priority, even thought he majority of 'NHS' staff during the pandemic have been sat with their feet up due to a lack of work?
    If they're contractors or agency, they're quite obviously not directly employed - the post you quote is referring to people who can report fraud, not defining people who are directly employed.
    I consider myself to be a male feminist. Is that allowed?
  • glider3560
    glider3560 Posts: 4,115 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Keith80 said:
    Principality BS has a new RS for NHS employees. Rate is 1.65%.
    ***Warning slightly tangential post***

    I wonder how this is 'policed'?

    If its by applicants having an NHS employee number plenty of people having absolutely key positions supporting the NHS may miss out on this?

    E.g. a close relative of mine works in a hospital sorting out prescriptions for all the NHS patients within the in-house pharmacy. But as she's, now, employed by a third party company rather than the NHS she maybe wouldn't be eligible for this.

    Presumably, she's less worthy, than the many health staff who seek advice from her, within 'her pharmacy' on a daily basis for the patients.

    It's a different thread but, whilst recognising what an absolutely amazing job most of our NHS staff do, we do need to value lots, lots more peoples roles, who are critical to society, too.



    "You must be aged 16 or over, a UK resident for tax purposes and employed directly by the National Health Service (the “NHS”) to open and operate this Account. You will need to present your NHS staff ID card in order to evidence eligibility for this account."
    The 'NHS' doesn't directly employ anyone. Its an umbrella term for hundreds of separate organisations, some with 'NHS' in their organisation's name, and some without 

    By country, the NHS directly employs around:

    It's pedantic, but there is no one single legal entity called the "NHS".  There are four NHSs, the one for England is called "NHS England" which is a executive non-departmental public body employing about 6,500 (mostly policy, management and administrative) staff.  The other 1.2 million people are employed by "NHS Trusts", which are their own legal entities that are managed separately from NHS England and it is these who employ the medical staff.
  • My 1st direct reg saver matured a week ago today and it's only just turned into a savings account this morning. I know it says up to 5 working days but that is frustratingly slow for a massive bank! Having said that, I've just opened a new one because I'm convinced this 2.75% rate surely can't stick around for long. 
  • Ed-1
    Ed-1 Posts: 3,956 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 20 October 2020 at 9:51AM
    Keith80 said:
    Principality BS has a new RS for NHS employees. Rate is 1.65%.


    But they can only apply by post or in Branch
    It looks like you can only apply in branch.
    The account is listed under Everyday Savings Accounts instead of Regular Saver Accounts for some reason:
    https://www.principality.co.uk/savings-accounts/everyday-savings-accounts/Thank-you-saver
  • badger09
    badger09 Posts: 11,575 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Virgin Money
    Has anyone received anything from VM relating to maturity of store based RS19 which matures 1/11 yet?

  • badger09 said:
    Virgin Money
    Has anyone received anything from VM relating to maturity of store based RS19 which matures 1/11 yet?

    Not me 😟
  • Ken68
    Ken68 Posts: 6,825 Forumite
    Part of the Furniture 1,000 Posts Energy Saving Champion Home Insurance Hacker!
    edited 20 October 2020 at 6:58PM
    Yes Badger came this morning, have sent off a form to pay direct into my bank account. Or you  can transfer into Easy Access Issue 27 paying 0.75%. Payment will be on the 2nd Nov. Further instructions  at Savings Operations, Virgin Money, Jubilee House, Gosforth, NE3 4PL. No phone number shown. Or you can visit  or phone your local store .
    p.s......my last Reg Saver. Most savings now in fixed 1 and 2 yr. Plus Premium Bonds.
  • Frogletina
    Frogletina Posts: 3,914 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 20 October 2020 at 6:54PM
    badger09 said:
    Virgin Money
    Has anyone received anything from VM relating to maturity of store based RS19 which matures 1/11 yet?

    Not me 😟
    I have received my letter today.
    Proceeds will transfer to Easy access saver reward issue 27 paying a  variable interest rate of 0.75%. Transfer will take place on Monday 2 November and interest paid at current rate till then.

    The easy access account is only available to maturing regular saver customers. 


    Not Rachmaninov
    But Nyman
    The heart asks for pleasure first
    SPC 8 £1567.31 SPC 9 £1014.64 SPC 10 # £1164.13 SPC 11 £1598.15 SPC 12 # £994.67 SPC 13 £962.54 SPC 14 £1154.79 SPC15 £715.38 SPC16 £1071.81⭐⭐⭐⭐⭐⭐⭐⭐⭐Declutter thread - ⭐⭐🏅
  • While the letter is carefully worded I believe you can close the account early, based on the saving terms and conditions section 7.8
    https://www.thenottingham.com/~/media/files/savings/forms and documents/savings-terms-march-19-lit3117.pdf?la=en
    If we materially decrease an interest rate to your disadvantage, we will notify you in writing 14 days in advance of the change.
    You will be given 30 days from the date of this notification to close or switch your account without notice or penalty.
    We will define a decrease to an interest rate as ‘material’ if it reduces more than the Bank of England Base Rate

    So I've emailed to ask if my assumption is correct, and if so what the early closure process is. .
    Notts BS
    Any response from NBS please @bubieyehyeh
    Heard nothing so far, I will post when I hear unless someone else gets an answer first.

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