Regular Savings Accounts: The Best Currently Available List!

WillPS

surreysaver said:

WillPS said:

Nottingham BS Branch Regular Saver

Apologies if noted already in the thread, the interest rate on this is dropping to 5.75% from December 17th, 2024. 

Disappointing given how recently this was launched and the very narrow window it was available for. We'll be drawing ours down to the minimum now as we have a stack of unfunded 6%'ers.

Hopefully the rebrand of Beehive will bring something to replace it.

Think you can only withdraw by cheque as well?

Cash up to £500 without notice, cash over £500 with notice, cheque or CHAPS (chargeable, IIRC £25). All from branch only.

ForumUser7

WillPS said:

surreysaver said:

WillPS said:

Nottingham BS Branch Regular Saver

Apologies if noted already in the thread, the interest rate on this is dropping to 5.75% from December 17th, 2024. 

Disappointing given how recently this was launched and the very narrow window it was available for. We'll be drawing ours down to the minimum now as we have a stack of unfunded 6%'ers.

Hopefully the rebrand of Beehive will bring something to replace it.

Think you can only withdraw by cheque as well?

Cash up to £500 without notice, cash over £500 with notice, cheque or CHAPS (chargeable, IIRC £25). All from branch only.

No postal instructions? That could be a problem if so

WillPS

ForumUser7 said:

WillPS said:

surreysaver said:

WillPS said:

Nottingham BS Branch Regular Saver

Apologies if noted already in the thread, the interest rate on this is dropping to 5.75% from December 17th, 2024. 

Disappointing given how recently this was launched and the very narrow window it was available for. We'll be drawing ours down to the minimum now as we have a stack of unfunded 6%'ers.

Hopefully the rebrand of Beehive will bring something to replace it.

Think you can only withdraw by cheque as well?

Cash up to £500 without notice, cash over £500 with notice, cheque or CHAPS (chargeable, IIRC £25). All from branch only.

No postal instructions? That could be a problem if so

Not as far as I know. We were told we could call up to ask about balances but anything else would require a branch visit (but to be clear I didn't press on postal instructions as branch proximity is not an issue 2 miles from Nottingham).

roked

Bridlington1 said:

Principality BS to launch a 6 Month Regular Saver Issue 2 over the coming days.

No further details are known yet but the application link to the account has appeared on their website which implies Issue 1 at 8% shall be replaced within the next week or so.

Thanks for the heads up on this.
Has anyone heard anything more on the issue 2? I am in two minds at the moment whether to close the existing and open another one. It would currently take more than a 1.5% drop in interest rate to make it worthwhile versus letting the existing one run to the 23rd. 
This is also dependent on whether both issues can be open at the same time too.

jaypers

roked said:

Bridlington1 said:

Principality BS to launch a 6 Month Regular Saver Issue 2 over the coming days.

No further details are known yet but the application link to the account has appeared on their website which implies Issue 1 at 8% shall be replaced within the next week or so.

Thanks for the heads up on this.
Has anyone heard anything more on the issue 2? I am in two minds at the moment whether to close the existing and open another one. It would currently take more than a 1.5% drop in interest rate to make it worthwhile versus letting the existing one run to the 23rd. 
This is also dependent on whether both issues can be open at the same time too.

If I was a betting man I would suspect that this will be launched on 5th December when their flexible rates drop and it will be at a lower rate than at present. If you want to maximise your interest, would close now perhaps, reopen and then see what happens. In the very unlikely event it’s something better, you can always close and reopen again. 

WillPS

Principality BS 6 Month Saver.

I requested closure online on Friday evening. Account still hasn't been closed. Be careful if you're hoping to get a new one set up before the existing issue goes NLA!

jaypers

WillPS said:

Principality BS 6 Month Saver.

I requested closure online on Friday evening. Account still hasn't been closed. Be careful if you're hoping to get a new one set up before the existing issue goes NLA!

Usually very quick. Maybe they are onto our little game. 

WillPS

jaypers said:

WillPS said:

Principality BS 6 Month Saver.

I requested closure online on Friday evening. Account still hasn't been closed. Be careful if you're hoping to get a new one set up before the existing issue goes NLA!

Usually very quick. Maybe they are onto our little game. 

Wife's has been done this morning, mine still showing. I've given them a call and they've closed it down over the phone - I can't apply for a new account yet though unfortunately.  Perhaps I need to wait until the payment out is made end of day? We'll see.

WillPS

Principality BS

Checked again and the account had now disappeared. Application for a fresh 6 Month Saver accepted and funded.

All sorted, now to see if this next issue is worth having.

I'd advise anyone seeking to 'refresh' to call up to close the account, as they'll do it for you there and then.

jd84

qbadger said:

jd84 said:

MHBS rs

Yes, must be a quirk of lasting more than 1 year and maturing 30 November 2025.

Their terms also say you must pay in every month. Mine should be full by September, so not sure how that's going to work if the maximum balance gets enforced... Might have to juggle the last few payments down a little to leave enough room?

Max account balance is £3,750.

Thanks, so 15 x £250 payments plus the unexpected interest effectively goes over that slightly