Regular Savings Accounts: The Best Currently Available List!

Bigwheels1111

chris_the_bee said:

roked said:

HHUK said:

Coventry Building Society Sunny Day Saver

Surprised and very happy to receive this email today. Only 20 prizes each month: 1 x £500, 5 x £200 and 14 x £50. Good return on my monthly £10 subscription.

You're one of our Sunny Day winners!

Dear Mr XXXX

Congratulations, you’ve won £200 in our Sunny Day Saver prize draw for December!

Congrats to a fellow winner! I only got a lowly £50 today but I am happy with that.

Anyone know if it counts for PSA? I assumed not, as its a prize, just dont understand why they added the bit about tax liabilities in the T&Cs :

The Prize is a cash prize, paid in pounds sterling (£) and is paid tax-free. The Winners will be responsible for any individual tax liabilities

HMRC will class it as income which is taxable. The Winners will be responsible for any individual tax liabilities

Watch out for Nationwide's Bonus £100 early this year.

Plus the £200 account bonus also.

That's £300 I need to declare in April.

Section62

Bridlington1 said:

Section62 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.

Been a while since I closed a Coventry account - is the process fully automated, or does it involve some manual input at Coventry's end?  Wondering whether closure and reopening on 01/01/2025 will be possible if the latter case applies....

I refreshed their Loyalty RS Issue 2 online earlier this year.

I was able to close the old one and reopen the new one in one sitting without having to log out of online banking, this was at around 10 or 11pm IIRC.

Thanks, so hopefully it will work OK on the 1st.

dgpur

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.

dcs34

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.

masonic

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 zero active accounts and it had been like that for most of the year. All I did was join the wait list and after a week or two checked the app and an invite was waiting for me.

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.