Regular Savings Accounts: The Best Currently Available List!

PloughmansLunch

allegro120 said:

sta0612 said:

allegro120 said:

pecunianonolet said:

Can anybody remind me which regular saver accounts can take funding on Sunday 1st and which ones only from Monday 2nd using manual transfers? I know some can take an incoming payment on Sunday but won't pay you interest, which is why they need funding on Monday.

Sunday
Aldermore, BoS, Coventry, Gatehouse, Halifax, Lloyds, Melton, Newcastle, Nottingham, Nationwide, Principality, TSB, YBS.
Monday
Co-op, Hanley, Loughborough, Mansfield, MHBS, MonBS, Progressive, Saffron, Skipton, VM, RBS, Natwest.

Thanks for this. It’s incredibly helpful.

Does anyone know about HSBC, FD, Chorley or SRBS?

Just to note, deposits I’ve made into the following institutions’ regular savers today are showing dated as 2nd December:

Halifax
BOS
Lloyds
Nationwide

What this means for interest, I don’t know.

I’ve also made payments into Principality, but I’ve been unable to check when those have been dated yet.

There's no choice for FD, it has to be SO and as with all standing orders the money is credited on working days only.  Don't know about HSBC because I use SO for funding HSBC RS.

Halifax, BoS, Lloyds and Nationwide - deposits dated next working day but the interest is earned from the day of deposit.

Principality - credited at weekends and as far as I know earns interest straight away.  It takes few hours for deposit to show.

Manual payment into HSBC is dated today

jameseonline

I've asked this before but can we have dedicated place for account credits/deposits etc?, it seems to keep coming up in here on various pages. Think it would be really useful.

masonic

jameseonline said:

I've asked this before but can we have dedicated place for account credits/deposits etc?, it seems to keep coming up in here on various pages. Think it would be really useful.

Feel free to start one. That's how most of the content of the forum comes into existence.

GetRichOrDieSaving

I currently have a Current Account with Nationwide and hold a Flex RS. However I’m switching to Lloyds this week, will the Flex RS be closed or will it remain open? I have a credit card with them so will still hold an account and have access to the app. 

surreysaver

GetRichOrDieSaving said:

I currently have a Current Account with Nationwide and hold a Flex RS. However I’m switching to Lloyds this week, will the Flex RS be closed or will it remain open? I have a credit card with them so will still hold an account and have access to the app. 

Probably be transferred to a lesser paying account .
If you're doing switching, its worth using donor accounts rather than switching main accounts

flaneurs_lobster

GetRichOrDieSaving said:

I currently have a Current Account with Nationwide and hold a Flex RS. However I’m switching to Lloyds this week, will the Flex RS be closed or will it remain open? I have a credit card with them so will still hold an account and have access to the app. 

Why not open a second current account to maintain the requirement?

GetRichOrDieSaving

surreysaver said:

GetRichOrDieSaving said:

I currently have a Current Account with Nationwide and hold a Flex RS. However I’m switching to Lloyds this week, will the Flex RS be closed or will it remain open? I have a credit card with them so will still hold an account and have access to the app. 

Probably be transferred to a lesser paying account .
If you're doing switching, its worth using donor accounts rather than switching main accounts

Thanks, I did read that in the T&Cs but they use the word “may” meaning that they may not and was wondering if anyone had experience of this themselves. I do appreciate you taking the time to search and post that though. 

With regards to the doner account use. I’ve never really bothered too much in getting involved to that level. I’m happy to move my custom over to another bank if the incentives are there. Plus as you will be aware, you often have to meet and maintain certain criteria to avoid monthly fee's, e.g for Lloyds the account I’ve gone for requires £2000 payment per month and three direct debits. So I just find it easier to go along with it all and move every couple of years or so 👍🏼

GetRichOrDieSaving

flaneurs_lobster said:

GetRichOrDieSaving said:

I currently have a Current Account with Nationwide and hold a Flex RS. However I’m switching to Lloyds this week, will the Flex RS be closed or will it remain open? I have a credit card with them so will still hold an account and have access to the app. 

Why not open a second current account to maintain the requirement?

Such a ridiculously simply way round it that’s so simple I didn’t think of that. Even though previously I’ve opened current accounts just for that same reason (e.g. Virgin for the 10% RS)

However, ill need to check if there’s any restrictions to holding an account without actually using it. 

Bridlington1

Just a reminder the first batch of Coventry BS interest rate reductions come into effect tomorrow (Mon 2/12/24). Of note:

Account	Old rate	New rate	Date
Coventry BS Young Saver	5.00%	4.75%	02/12/24

These shall be followed by the following the day after:

Account	Old rate	New rate	Date
Coventry BS Children's Regular Saver	4.40%	4.15%	03/12/24
Coventry BS Colleague Regular Saver	5.25%	5.00%	03/12/24
Coventry BS First Home Saver	5.35%	5.10%	03/12/24
Coventry BS Loyalty Regular Saver	6.75%	6.50%	03/12/24
Coventry BS Loyalty Regular Saver (2)	6.50%	6.25%	03/12/24
Coventry BS Regular Saver	4.80%	4.55%	03/12/24
Coventry BS Regular Saver (5)	5.25%	5.00%	03/12/24
Coventry BS Regular Saver ISA	4.80%	4.55%	03/12/24

Note the following accounts are not affected by this set of rate cuts so shall remain at their present rates for the time being, these include:

Account	Old rate	New rate
Coventry BS First Home Saver (2)	4.80%	NO CHANGE
Coventry BS Loyalty Mortgage RS	6.00%	NO CHANGE
Coventry BS Sunny Day Saver	6.25%	NO CHANGE
Coventry BS Regular Saver (6)	4.75%	NO CHANGE

pecunianonolet

Lloyds Reg Saver

OH put 400 into the reg saver yesterday (newly opened) and tried to fund with another 400 today and Lloyds is saying that it isn't possible as it would exceed the monthly limit. I put 400 into mine just now and it shows the date of 2nd December. Looks like funding Lloyds on a weekend isn't an option.

Nationwide Reg Saver

Payment made and showing as 2nd December

Virgin Money Reg Saver

Confirmed via chat that interest accrues from the date of deposit received so a payment in today earns from today.