Regular Savings Accounts: The Best Currently Available List!

flaneurs_lobster

subjecttocontract said:

It might be cheaper to get a shotgun licence.

Same price.

And you have to have a good reason for wanting a shotgun.

And plod will visit your house to make sure you have secure storage for the gun and ammo.

And it's only valid for 5 years.

Other than that, excellent idea.

UKX69

CuparLad said:

Bridlington1 said:

...lots of brilliants things

Thank you @Bridlington1 for all the amazing and tireless work you do on this and other forums. Many of us would be poorer if it weren't for your diligence and the kindness that you show to everyone on these forums. I thought I was pretty switched on financially, but I have learned a lot from you, so thank you for all that you do

As CuparLad said, many thanks for your sterling effort in keeping us all informed.

Kim_13

flaneurs_lobster said:

MichaelAP said:

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.

Snap….. I am classed as 80% disabled. Not allowed a driving license and do not own a passport as travelling would be a logistical nightmare. Sometimes these requirements leaves you a feeling of being singled out…. A form of discrimination.

I understand your annoyance but is it not worth considering getting a passport just for Id purposes? It's the equivalent of £8.80 a year for a universally(-ish) accepted identification document.

I understand his annoyance and look at it from the perspective that if £8.80 a year allows one to be identified and to travel, then a cheaper option ought to exist for disabled people who would find travel impossible or elect not to do so for a connected reason (prohibitively expensive travel insurance, etc.)  Not to mention that if you lose your passport (more likely if using as proof of age, since it would be leaving the house) you have to pay the fee for a whole new passport; the same if you change your name (in practice most would use their previous name for travel tickets until renewal, but that makes it less useful as an ID document.) Change of name and address only are always free for drivers.

If you misplace a photocard driving licence, or for a renewal after 10 years, you pay £17, less than half of the cost of a new application (which itself is less than half the cost of a passport.) A driving licence can also prove your address, which a passport cannot. So in my view it is discrimination, since those unable to meet the medical standards for driving have to pay more for an inferior ID document. 

A poster here previously suggested that the DVLA could issue photocards to people who require photo ID licensing them to drive nothing. Money saved by the disabled while the fee charged would cover the costs of producing a photocard and satisfying themselves that people are who they say they are. 

nottsphil

flaneurs_lobster said:

MichaelAP said:

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.

Snap….. I am classed as 80% disabled. Not allowed a driving license and do not own a passport as travelling would be a logistical nightmare. Sometimes these requirements leaves you a feeling of being singled out…. A form of discrimination.

I understand your annoyance but is it not worth considering getting a passport just for Id purposes? It's the equivalent of £8.80 a year for a universally(-ish) accepted identification document.

Come on FL, you should know the cost is a lot more than that!
On top of the lost £8.80 is the £4+ interest you could have earned on £88 in the first year, so c. £13 per year if current interest rates persist.

bigjoe

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 ?

I opened a Zopa Account and put moey into the Smart Savings Hub on 25/11.

Do I need a certain amount in it to be offered a current account or is it just a waiting game for an invite?

thefrank

bigjoe 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 ?

I opened a Zopa Account and put moey into the Smart Savings Hub on 25/11.

Do I need a certain amount in it to be offered a current account or is it justy a waiting game for an invite?

No need for a minimum amount of money

Born2Save_3

CuparLad said:

Bridlington1 said:

...lots of brilliants things

Thank you @Bridlington1 for all the amazing and tireless work you do on this and other forums. Many of us would be poorer if it weren't for your diligence and the kindness that you show to everyone on these forums. I thought I was pretty switched on financially, but I have learned a lot from you, so thank you for all that you do

Yes, well said, and I couldn't agree more. 

Bridlington1, I greatly appreciate what you do and the enormous amount of effort you put into it.  I have benefited in many ways thanks to your endeavours.  If there is a way to send you a thank you Xmas present, I'd be happy to do so.

flaneurs_lobster

bigjoe 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 ?

I opened a Zopa Account and put moey into the Smart Savings Hub on 25/11.

Do I need a certain amount in it to be offered a current account or is it just a waiting game for an invite?

Seems pretty random when the invites go out.

The current account has its own thread

https://forums.moneysavingexpert.com/discussion/6558436/zopa-current-account

Bridlington1

Just a reminder the following rate cuts come into effect tomorrow. Of note:

Account	Old rate	New rate	Date
Natwest Digital Regular Saver (<£5k only)	6.17%	NO CHANGE but rates on higher balances reduced	05/12/24
Principality BS 1 Year Triple Access Regular Saver	5.75%	5.60%	05/12/24
Principality BS First Home Steps Account (all issues)	5.00%	4.85%	05/12/24
Principality BS First Home Steps Online (all issues)	5.00%	4.85%	05/12/24
Principality BS Learner Earner (Issue 1 & 2)	5.50%	5.35%	05/12/24
RBS Digital Regular Saver (<£5k only)	6.17%	NO CHANGE but rates on higher balances reduced	05/12/24

Bridlington1

Cumberland BS Interest Rate Reductions From 7/1/25:

Cumberland Regular Saver from 5.2% to 5%

First Home Saver – Issue 2 from 4.3% to 4.1%