Regular Savings Accounts: The Best Currently Available List!

Bigwheels1111

guli said:

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

https://www.nationwide.co.uk/about-us/fairer-share/

Horracce

Can anyone give me an idea of timescale between going on Zopa waiting list for bank account and then being able to open a regular saver with them ?

AmityNeon

Horracce said:

Can anyone give me an idea of timescale between going on Zopa waiting list for bank account and then being able to open a regular saver with them ?

20 days for me, but I doubt that's representative of any generally applicable waiting time. Check your app every day as many have reported receiving the invitation in the app without a prior email notification.

crumpet_man

AmityNeon said:

Horracce said:

Can anyone give me an idea of timescale between going on Zopa waiting list for bank account and then being able to open a regular saver with them ?

20 days for me, but I doubt that's representative of any generally applicable waiting time. Check your app every day as many have reported receiving the invitation in the app without a prior email notification.

Joined waiting list November 13 and received invite today, December 3.

Horracce

Great, thanks, I’ll download the app then .. what’s the monthly maximum deposit for their regular saver ?

refluxer

Horracce said:

Great, thanks, I’ll download the app then .. what’s the monthly maximum deposit for their regular saver ?

It's £300/month

https://www.zopa.com/help/article/regular-saver-pot-explainer 

masonic

AmityNeon said:

Horracce said:

Can anyone give me an idea of timescale between going on Zopa waiting list for bank account and then being able to open a regular saver with them ?

20 days for me, but I doubt that's representative of any generally applicable waiting time. Check your app every day as many have reported receiving the invitation in the app without a prior email notification.

Thanks for the tip, I only joined the waitlist a week or so ago, but checking the app today I have the invite.

pecunianonolet

Just another reminder the Zopa regular saver pays interest monthly. A reason why I specifically didn't open it (yet) because of the tax I would need to pay on the gains. I doubt they withdraw the regular saver anytime soon while they are still in beta as it is a key marketing instrument to lure new customers in and attract funds as their other account rates are non competitive. 

masonic

pecunianonolet said:

Just another reminder the Zopa regular saver pays interest monthly. A reason why I specifically didn't open it (yet) because of the tax I would need to pay on the gains. I doubt they withdraw the regular saver anytime soon why they are still in beta as it is a key marketing instrument to lure new customers in and attract funds as their other account rates are non competitive. 

I did notice a different gross rate, but was rushing through the application with a view to go back and fill in the detail later. I also hadn't appreciated it was a mensiversary account, so good job I didn't delay until later in the month thinking I could get a 13th payment in for a decent spell.

I think I'll set up the autosave to pull money in since it won't go out in my manual payment run on the 1st.

happybagger

Suffolk BS rate drops from 16 Dec, all variable rate accounts:

Open issues:
1 year RS from 5.15% to 5%
2 year RS from 5% to 4.8%

Closed issues:
Smart Save and Holiday Save from 4.9% to 4.7%