Regular Savings Accounts: The Best Currently Available List!

kaMelo

dgpur said:

Finally got the invite to open a Zopa current account (to get their RS offering of course). and they require photo ID. There are millions of people in the UK who lack photo ID (very often disabled, as I am). So frustrating.

It's certainly something that is becoming more commonplace. As the only Government issued photo ID document available to all is a passport, maybe it's time to invest in one.  

Bridlington1

Just a reminder the Saffron BS interest rate reductions come into effect tomorrow. Of note:

Account	Old rate	New rate
Saffron BS 12 Month Members Regular Saver	5.00%	4.75%
Saffron BS Small Saver	5.50%	5.00%

apt

SavingsBoo 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. 

Nationwide left my RS open  earlier this year when I switched my current account away (I was quite surprised!).  

But not having a Nationwide current account will probably cost you the 'fairer share' payment which is running at £100 pa and you wouldn't be able renew the regular saver. If I only had one Nationwide current account I wouldn't transfer or close it.

WillPS

apt said:

SavingsBoo 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. 

Nationwide left my RS open  earlier this year when I switched my current account away (I was quite surprised!).  

But not having a Nationwide current account will probably cost you the 'fairer share' payment which is running at £100 pa and you wouldn't be able renew the regular saver. If I only had one Nationwide current account I wouldn't transfer or close it.

It's not £100 pa. It's not even promised explicitly (although their marketing would be pretty off if they didn't offer one next year). It just has been £100 the last 2 times.

s71hj

WillPS said:

apt said:

SavingsBoo 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. 

Nationwide left my RS open  earlier this year when I switched my current account away (I was quite surprised!).  

But not having a Nationwide current account will probably cost you the 'fairer share' payment which is running at £100 pa and you wouldn't be able renew the regular saver. If I only had one Nationwide current account I wouldn't transfer or close it.

It's not £100 pa. It's not even promised explicitly (although their marketing would be pretty off if they didn't offer one next year). It just has been £100 the last 2 times.

Is that er current account or per membership 

apt

WillPS said:

apt said:

SavingsBoo 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. 

Nationwide left my RS open  earlier this year when I switched my current account away (I was quite surprised!).  

But not having a Nationwide current account will probably cost you the 'fairer share' payment which is running at £100 pa and you wouldn't be able renew the regular saver. If I only had one Nationwide current account I wouldn't transfer or close it.

It's not £100 pa. It's not even promised explicitly (although their marketing would be pretty off if they didn't offer one next year). It just has been £100 the last 2 times.

Do you really think it is going to be less this year? Nationwide will be keen to show that taking over Virgin Money will deliver benefits to members. More likely to be higher than lower.

masonic

s71hj said:

WillPS said:

apt said:

SavingsBoo 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. 

Nationwide left my RS open  earlier this year when I switched my current account away (I was quite surprised!).  

But not having a Nationwide current account will probably cost you the 'fairer share' payment which is running at £100 pa and you wouldn't be able renew the regular saver. If I only had one Nationwide current account I wouldn't transfer or close it.

It's not £100 pa. It's not even promised explicitly (although their marketing would be pretty off if they didn't offer one next year). It just has been £100 the last 2 times.

Is that er current account or per membership 

A member can qualify by having a current account with a certain minimum activity level.

apt said:

Do you really think it is going to be less this year? Nationwide will be keen to show that taking over Virgin Money will deliver benefits to members. More likely to be higher than lower.

They strongly hinted that the VM acquisition would allow them to make larger payments.

Dizzycap

dgpur said:

Finally got the invite to open a Zopa current account (to get their RS offering of course). and they require photo ID. There are millions of people in the UK who lack photo ID (very often disabled, as I am). So frustrating.

I finally got my invite to open a Zopa Curent Account too, today. All done within 3 minutes with the RS opened and funded within 2 minutes. Not a bad 5 minutes work for the Zopa 7.5% RS

It is possible to get ID by applying online for a 3 year Citizencard cost around £15. Certianly worth it, as it's a Government accepted ID for just about anything including short flights

guli

apt said:

WillPS said:

apt said:

SavingsBoo 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. 

Nationwide left my RS open  earlier this year when I switched my current account away (I was quite surprised!).  

But not having a Nationwide current account will probably cost you the 'fairer share' payment which is running at £100 pa and you wouldn't be able renew the regular saver. If I only had one Nationwide current account I wouldn't transfer or close it.

It's not £100 pa. It's not even promised explicitly (although their marketing would be pretty off if they didn't offer one next year). It just has been £100 the last 2 times.

Do you really think it is going to be less this year? Nationwide will be keen to show that taking over Virgin Money will deliver benefits to members. More likely to be higher than lower.

Would you guys know or remember what are the funding requirements to the Nationwide current account to qualify for the "fairer share" £100 payment?

Many thanks

simonsmithsays

Be good to get back to Regular Savers folks.