Regular Savings Accounts: The Best Currently Available List!

simonsmithsays

dgpur said:

simonsmithsays said:

simonsmithsays said:

allegro120 said:

flaneurs_lobster said:

allegro120 said:

I am tempted to leave it as is and see if I can get away with two Christmas 2025s.  Or the other option is to call Principality and tell them I've made a mistake.  Any thoughts?

I'd let it ride, unless I needed that £125 elsewhere.

How far out from maturity are you? I've got an RS maturing on 20/12, might see if they offer me double-dibs on the Xmas 25 too.

Mine matures on 21/12. Letter arrived yesterday (7/12) and dated 5/12 so in theory you should have received this letter already, but if not you can probably see your maturity options online now.

I have enough money in my EA pot to fund all my RSs so this £125 would just sit in Cahoot's 5.12% on 1st January.  I think it is worth trying to get two Xmas25 running, can't think of any downsides, in worst case scenario they will return £125 with a couple of day's delay.

I bet I'm not alone in having both the six months rs and maturity winter rs both maturing in the next two weeks.

Both theoretically give me the option to open the new Christmas 25 one too (which I've already opened).

Principality BS

 Six month RS matured into (another) Christmas 25 with £125 in it

Let's see what tomorrow brings when my Maturity Winter also matures.

I didn’t have that option. The only one open to me was a new 6 month saver, same rate, same £200 pcm. I wonder why.

I'll bet you didn't select the maturity instructions for the product online.

Look back on this thread - lots of chat about it in the past month.

dgpur

Bridlington1 said:

masonic said:

Coventry Seasonal RS

Might take a punt and wait until New Years Day to open this one, so I can include it in my list to fund on the 1st of each month.

I've taken the half and half approach. I've opened the account today but not funded it, if it goes NLA before 1/1/25 I can fund it when it goes NLA, if it's still available I retain the right to close the account subject to a penalty of 30 days interest on my nil balance and reopen it the same day.

Am I missing something here (quite possibly)? I opened it today with the intention of funding on the first of each month starting January. Why would there be any need to close and reopen?

Bridlington1

dcs34 said:

Zopa Regular Saver / Current Account
For those that were invited to gain access to this account, was there anything specific you did in advance to achieve that? E.g. certain funding of the savings account, etc.

I had an old Zopa savings account that had a nil balance since 2022 which I couldn't be bothered to close at the time so just left it at nil when it ceased to be the top rate.

When they invited me to try their current account I didn't even have the app on my phone anymore, they just offered to let me to try out their current account and offered me a couple of loss-leaders which I accepted.

dgpur

simonsmithsays said:

dgpur said:

simonsmithsays said:

simonsmithsays said:

allegro120 said:

flaneurs_lobster said:

allegro120 said:

I am tempted to leave it as is and see if I can get away with two Christmas 2025s.  Or the other option is to call Principality and tell them I've made a mistake.  Any thoughts?

I'd let it ride, unless I needed that £125 elsewhere.

How far out from maturity are you? I've got an RS maturing on 20/12, might see if they offer me double-dibs on the Xmas 25 too.

Mine matures on 21/12. Letter arrived yesterday (7/12) and dated 5/12 so in theory you should have received this letter already, but if not you can probably see your maturity options online now.

I have enough money in my EA pot to fund all my RSs so this £125 would just sit in Cahoot's 5.12% on 1st January.  I think it is worth trying to get two Xmas25 running, can't think of any downsides, in worst case scenario they will return £125 with a couple of day's delay.

I bet I'm not alone in having both the six months rs and maturity winter rs both maturing in the next two weeks.

Both theoretically give me the option to open the new Christmas 25 one too (which I've already opened).

Principality BS

 Six month RS matured into (another) Christmas 25 with £125 in it

Let's see what tomorrow brings when my Maturity Winter also matures.

I didn’t have that option. The only one open to me was a new 6 month saver, same rate, same £200 pcm. I wonder why.

I'll bet you didn't select the maturity instructions for the product online.

Look back on this thread - lots of chat about it in the past month.

That’s quite possible. I’ve been away and ignoring money stuff. I’m quite happy with another 6 month one so no great loss.

Bridlington1

dgpur said:

Bridlington1 said:

masonic said:

Coventry Seasonal RS

Might take a punt and wait until New Years Day to open this one, so I can include it in my list to fund on the 1st of each month.

I've taken the half and half approach. I've opened the account today but not funded it, if it goes NLA before 1/1/25 I can fund it when it goes NLA, if it's still available I retain the right to close the account subject to a penalty of 30 days interest on my nil balance and reopen it the same day.

Am I missing something here (quite possibly)? I opened it today with the intention of funding on the first of each month starting January. Why would there be any need to close and reopen?

Because the account month and the account term itself begins on the day you open the account, not necessarily the day you make your first deposit. If you open it today the account month runs from 20th-19th regardless of whether you make your initial deposit today or 1st of the month.

If you open the account on 1st the account month shall coincide with calendar months.

If you hold off opening the regular saver till 1st there's a chance the account could go NLA before the end of the month and you'd miss out on the account (as many did with their short lived Sunny Day Saver), but the method I'm proposing allows you to secure the account so you don't miss out on it if it goes NLA but still gives you the option to make the account month match calendar months if it remains available on 1st, which is useful if most of your other regular savers operate on a calendar month basis.

dgpur

Bridlington1 said:

dgpur said:

Bridlington1 said:

masonic said:

Coventry Seasonal RS

Might take a punt and wait until New Years Day to open this one, so I can include it in my list to fund on the 1st of each month.

I've taken the half and half approach. I've opened the account today but not funded it, if it goes NLA before 1/1/25 I can fund it when it goes NLA, if it's still available I retain the right to close the account subject to a penalty of 30 days interest on my nil balance and reopen it the same day.

Am I missing something here (quite possibly)? I opened it today with the intention of funding on the first of each month starting January. Why would there be any need to close and reopen?

Because the account month and the account term itself begins on the day you open the account, not necessarily the day you make your first deposit. If you open it today the account month runs from 20th-19th regardless of whether you make your initial deposit today or 1st of the month.

If you open the account on 1st the account month shall coincide with calendar months.

If you hold off opening the regular saver till 1st there's a chance the account could go NLA before the end of the month and you'd miss out on the account (as many did with their short lived Sunny Day Saver), but the method I'm proposing allows you to secure the account so you don't miss out on it if it goes NLA but still gives you the option to make the account month match calendar months if it remains available on 1st, which is useful if most of your other regular savers operate on a calendar month basis.

Thanks. I get it now. I think I’ll just bite the (presumably reasonably small) interest loss and avoid closing and reopening, just wait to January 1 before putting anything in.

Dizzycap

Bridlington1 said:

dgpur said:

Bridlington1 said:

masonic said:

Coventry Seasonal RS

Might take a punt and wait until New Years Day to open this one, so I can include it in my list to fund on the 1st of each month.

I've taken the half and half approach. I've opened the account today but not funded it, if it goes NLA before 1/1/25 I can fund it when it goes NLA, if it's still available I retain the right to close the account subject to a penalty of 30 days interest on my nil balance and reopen it the same day.

Am I missing something here (quite possibly)? I opened it today with the intention of funding on the first of each month starting January. Why would there be any need to close and reopen?

Because the account month and the account term itself begins on the day you open the account, not necessarily the day you make your first deposit. If you open it today the account month runs from 20th-19th regardless of whether you make your initial deposit today or 1st of the month.

If you open the account on 1st the account month shall coincide with calendar months.

If you hold off opening the regular saver till 1st there's a chance the account could go NLA before the end of the month and you'd miss out on the account (as many did with their short lived Sunny Day Saver), but the method I'm proposing allows you to secure the account so you don't miss out on it if it goes NLA but still gives you the option to make the account month match calendar months if it remains available on 1st, which is useful if most of your other regular savers operate on a calendar month basis.

That's exactly what I do too and I've never missed out. It's a solid sensible method and does work well in case of a sudden NLA which has happened in the past..........

GetRichOrDieSaving

For those that don’t have an issue with tax on interest relating to the maturity of the CBS new loyalty RS, is it not beneficial to open on the last day of the month (31st Dec) then fund again on the 1st Jan. Like normal RS practice? 

Apologies if I’m missed something here, there been a lot of content to read. I appreciate the risk in it becoming NLA. 

Bridlington1

GetRichOrDieSaving said:

For those that don’t have an issue with tax on interest relating to the maturity of the CBS new loyalty RS, is it not beneficial to open on the last day of the month (31st Dec) then fund again on the 1st Jan. Like normal RS practice? 

Apologies if I’m missed something here, there been a lot of content to read. I appreciate the risk in it becoming NLA. 

The account runs on an account month basis though, so if you opened and fully funded it on 31/12/24, you wouldn't be able to make your next deposit till 31/1/25. 

If you open the account on 1st it becomes a de facto calendar month account which is more convenient if like myself you already have several dozen other regular savers that operate on a calendar month basis and you plan to use the maturing funds from this regular saver to fund regular savers in January 2026.

GetRichOrDieSaving

Bridlington1 said:

GetRichOrDieSaving said:

For those that don’t have an issue with tax on interest relating to the maturity of the CBS new loyalty RS, is it not beneficial to open on the last day of the month (31st Dec) then fund again on the 1st Jan. Like normal RS practice? 

Apologies if I’m missed something here, there been a lot of content to read. I appreciate the risk in it becoming NLA. 

The account runs on an account month basis though, so if you opened and fully funded it on 31/12/24, you wouldn't be able to make your next deposit till 31/1/25. 

If you open the account on 1st it becomes a de facto calendar month account which is more convenient if like myself you already have several dozen other regular savers that operate on a calendar month basis and you plan to use the maturing funds from this regular saver to fund regular savers in January 2026.

Ok thanks for the explanation, my suggested approach makes no sense then. So I will await the 1st and fund, then fund every month thereafter on the 1st like all my other RS. 

Many thanks & Merry Christmas!