Regular Savings Accounts: The Best Currently Available List!

skitskut

s71hj said:

s71hj said:

Middle_of_the_Road said:

s71hj said:

Had my Virgin 10% regular saver statement through. In the section about interest rate it says account balance £1282 + 0%. Am I missing something here- I was anticipating earning 10% on £250 a month for a year, rightly or wrongly!

Seems about right. It's showing £32 interest after 5 months. Larger interest amounts will accrew in the later months.

Maybe I phrased this wrongly
How I'm interpreting this is that if my balance goes above £1282 (a rather arbitrary figure I acknowledge) I will earn 0% but I guess it means something else?

Right I think I've worked out the answer to my own question. Each month the maximum balance that earns interest goes up by £250 so next month that part of the statement will say a higher figure than £1282 (at a guess £1532) for the amount that above which you earn 0% interest. I've just never spotted it shown this way before.

Yes, similar discussion about this on the Virgin Money regular saver thread last time Virgin sent an account statement...
https://forums.moneysavingexpert.com/discussion/comment/81039973/#Comment_81039973

Bridlington1

Just a reminder the following interest rate reductions come into effect tomorrow:

Account	Old rate	New rate
Monmouthshire BS Exclusive Regular Saver Issue 2	6.00%	5.65%
Monmouthshire BS Regular Saver Issue 3	4.50%	4.15%
Newbury Home Saver	4.00%	3.80%

Kaizen917

Couldnt see it mentioned on one of the previous pages but my Reg Saver with Gatehouse matured about a week ago and its turned into some easy access account with 5% profit (i.e. interest). Can that be right? Seems decent enough not to withdraw right away then.

t1redmonkey

Kaizen917 said:

Couldnt see it mentioned on one of the previous pages but my Reg Saver with Gatehouse matured about a week ago and its turned into some easy access account with 5% profit (i.e. interest). Can that be right? Seems decent enough not to withdraw right away then.

Yep, you can keep the matured money in there and it'll earn 5%.  Also you can deposit further money to it as well which will also earn 5%.  It's basically an easy access account now that you can add to/withdraw from whenever you want.

castle96

?? I'm new to GH but it shows 4.75%AER annual interest/expected profit....Is it different for an existing RS maturing?

Kaizen917

castle96 said:

?? I'm new to GH but it shows 4.75%AER annual interest/expected profit....Is it different for an existing RS maturing?

Yes, this is what puzzled me as well - its exactly 5% so not even the same as their ordinary easy access.

allegro120

castle96 said:

?? I'm new to GH but it shows 4.75%AER annual interest/expected profit....Is it different for an existing RS maturing?

It is a different account.  I now have both, 4.75% and 5%.  We don't know t&c because Gatehouse hasn't written it yet, but so far it looks like the same as 4.75% one.  It was unexpected and uncommon maturity offer, can't complain  

Bobblehat

I'm having a terrible deja vu episode .... help!

Bobblehat

JamesRobinson48 said:

Bobblehat said:

I'm having a terrible deja vu episode .... help!

All over again?

Yup!   

Kazza242

Nationwide Building Society have launched Flex Regular Saver (issue 4), paying 6.50% (variable)

The account is available to new and existing Nationwide current account holders.  

It runs for 1 year and reverts into an easy access account on maturity.  It allows savers to pay in up to £200 per month and allows 3 penalty-free withdrawals. 

Nationwide only allows savers to have one Flex Regular Saver product at a time (regardless of issue number).  

Further details on the Nationwide website, here.