Regular Savings Accounts: The Best Currently Available List!

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%

Dizzycap

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 agree! For peace of mind, even though its almost impossible for me to travel, I renewed my passport as it was logical for me to have a solid form of ID and at £8.50 a year, it was a worth while investment. Yearly Medical Driving Licenses can be so precarious, especially if forms also have to be coompleted by others before the MB considers a new license. Plus, when there's less than 3 months left on the DL, it's usually not accepted as proof of ID, and we all know Sod's Law

Pkman

Principality monthly payment returned, anyone the same !?? Any reason ???

6months rs £200

Xmas 2025 rs £125

Bridlington1

Pkman said:

Principality monthly payment returned, anyone the same !?? Any reason ???

6months rs £200

Xmas 2025 rs £125

Regarding the 6 Month RS they state in the Ts&Cs that the maximum balance of the account is £1.2k so if you opened it when it was first launched and fully funded it to that point this month would take you over that and any payments would be returned. 

Archerychick

Bridlington1 said:

Pkman said:

Principality monthly payment returned, anyone the same !?? Any reason ???

6months rs £200

Xmas 2025 rs £125

Regarding the 6 Month RS they state in the Ts&Cs that the maximum balance of the account is £1.2k so if you opened it when it was first launched and fully funded it to that point this month would take you over that and any payments would be returned. 

Yep I made this mistake, they promptly returned my £200, and also sent me a letter in the post (which felt like a waste of money, when an email could have been sent). 

Pkman

Just noticed the Xmas payment went to an account which I have already closed.... 

I already have their issue 34, can I open issue 35 as well?

Bridlington1

Pkman said:

Just noticed the Xmas payment went to an account which I have already closed.... 

I already have their issue 34, can I open issue 35 as well?

Yes you can. Principality BS allow you to hold one of each issue of their regular savers

I've currently got 9 regular savers with Principality BS and depending what rate their 6 Month RS Issue 2 shall be I may choose to make it a nice round 10 before too long.

spreadsheeterapple

Pkman said:

Just noticed the Xmas payment went to an account which I have already closed.... 

I already have their issue 34, can I open issue 35 as well?

I rang to check I could open a 34 when my 33 hadn't yet finished; they confirmed both could be held by same person as they are different issue numbers; that is the rule Principality set in the 33/34/35 T&C. Therefore we have started issue 35 as well, no queries from their end. All good.