Regular Savings Accounts: The Best Currently Available List!

friolento

Bob2000 said:

Stargunner said:

Bob2000 said:

Was looking at this account earlier with maybe putting £500 (max allowed) in for first two months thereafter £100.
Any thoughts?

Plenty of higher paying RS accounts available, unless you already have them all.
 I won’t open/fund any RS unless it pays over 5%

OK, I'll keeping looking for a higher rate.

@bob2000 you just need to look at page 1 of this thread 

Bob2000

friolento said:

Bob2000 said:

Stargunner said:

Bob2000 said:

Was looking at this account earlier with maybe putting £500 (max allowed) in for first two months thereafter £100.
Any thoughts?

Plenty of higher paying RS accounts available, unless you already have them all.
 I won’t open/fund any RS unless it pays over 5%

OK, I'll keeping looking for a higher rate.

@bob2000 you just need to look at page 1 of this thread 

OK, will do.
Merry Christmas.

Bob2000

ForumUser7 said:

Bob2000 said:

wiseonesomeofthetime said:

Bob2000 said:

Stargunner said:

Bob2000 said:

Was looking at this account earlier with maybe putting £500 (max allowed) in for first two months thereafter £100.
Any thoughts?

Plenty of higher paying RS accounts available, unless you already have them all.
 I won’t open/fund any RS unless it pays over 5%

But are there any letting you pay in £500 per month so l can get in £1000 sooner rather then later?
I know l could put in a fixed rate  with the Grand but l want to add extra over the term of the account.

For an extra 12 months I have access to Coventry's First Home Saver Issue 1 at 5.10% variable which allows £1000, though I haven't added anything to that for 11 months as been feeding 7, 7.5, 8, and 10% RS accounts instead.

Some may still have access to that.

I'm not sure if l can open the account . I'll  take a look later. Thank you.

It’s closed issue. The 4.8% @flaneur@flaneurs_lobster mentioned is the current issue.

Yes, l noticed the rate difference  when l looked.
Thanks anyway for telling me.
Merry Christmas. 

spreadsheeterapple

where_are_we said:

MHBS RS Issue 2 - So they are not enforcing their T&C`s?

"Customers may only have two Fixed Term Regular Saver accounts open at a time, either solely or jointly, with a combined maximum deposit of £250 per month not exceeding the maximum balance of £3,750.00"

My reading of the above implies you cannot pay in two lots of £250 each month.

Those are indeed the T&C as published.

I think it's very hit n miss to follow in the footsteps of those people who report having 'got away' with funding more than £250 in total. Their experience could be due to the building society computerised system simply not picking it up; perhaps the customer has more than a single customer record, perhaps there is manual involvement in checking and personnel are deployed on other duties, perhaps they don't allocate time to look at more than a few such discrepancies per month. Perhaps their newly-launched amended website goes alongside increased computer programming in the background to pick up such discrepancies earlier in future.
  So perhaps the building society will attempt to 'undo' the extra funded accounts at some indeterminate time, with the risk of interest paid being reduced to their flexible-access rate. Who knows!

There are other firms offering good rates, so personally I just keep to their T&Cs for a simpler life, split 'spare' money across them, nab any new accounts as they appear from other firms, whilst of course keeping 6 months as easy-ish access as per always advised, and mixing with some cash ISAs & other things. Where there is a willing spouse in a trusting relationship, money can be shared between you; we open an account each to 'double' the money in good rate accounts. We're both saving aggressively because we want to move home, so both of us are on the same page as regards saving.

Bob2000

Re: Principality 6 month RS

So if l opened this account today, if possible, being boxing day. Does anyone suggest  funding today or leaving until Tuesday 31st then second deposit on the first January?

Bridlington1

Bob2000 said:

Re: Principality 6 month RS

So if l opened this account today, if possible, being boxing day. Does anyone suggest  funding today or leaving until Tuesday 31st then second on the first January?

I'd be inclined to open and fund it on 31/12/24 and make your second deposit on 1/1/25 to give you the highest average balance over the account term and thus the most interest overall. Plus it means the account matures at the end of a month, which is more convenient if you have other regular savers that need funding on 1st of the month.

allegro120

Bob2000 said:

Re: Principality 6 month RS

So if l opened this account today, if possible, being boxing day. Does anyone suggest  funding today or leaving until Tuesday 31st then second on the first January?

I’d fund it today and again on 1st January.

Bob2000

Bridlington1 said:

Bob2000 said:

Re: Principality 6 month RS

So if l opened this account today, if possible, being boxing day. Does anyone suggest  funding today or leaving until Tuesday 31st then second on the first January?

I'd be inclined to open and fund it on 31/12/24 and make your second deposit on 1/1/25 to give you the highest average balance over the account term and thus the most interest overall. Plus it means the account matures at the end of a month, which is more convenient if you have other regular savers that need funding on 1st of the month.

Thanks for quick reply.
Another question, please.
If l do open the account today I'll still be OK under the terms to fund it on 31st?

Bob2000

allegro120 said:

Bob2000 said:

Re: Principality 6 month RS

So if l opened this account today, if possible, being boxing day. Does anyone suggest  funding today or leaving until Tuesday 31st then second on the first January?

I’d fund it today and again on 1st January.

So no real advantage then to open and fund on the 31st?

Bridlington1

Bob2000 said:

Bridlington1 said:

Bob2000 said:

Re: Principality 6 month RS

So if l opened this account today, if possible, being boxing day. Does anyone suggest  funding today or leaving until Tuesday 31st then second on the first January?

I'd be inclined to open and fund it on 31/12/24 and make your second deposit on 1/1/25 to give you the highest average balance over the account term and thus the most interest overall. Plus it means the account matures at the end of a month, which is more convenient if you have other regular savers that need funding on 1st of the month.

Thanks for quick reply.
Another question, please.
If l do open the account today I'll still be OK under the terms to fund it on 31st?

You have 5 days from the day the account is opened to fund the account, otherwise the account gets closed, if you open the account today you'll have till 31/12/24 to fund it.

Bob2000 said:

allegro120 said:

Bob2000 said:

Re: Principality 6 month RS

So if l opened this account today, if possible, being boxing day. Does anyone suggest  funding today or leaving until Tuesday 31st then second on the first January?

I’d fund it today and again on 1st January.

So no real advantage then to open and fund on the 31st?

The advantage of opening and funding it on 31st rather than today would be that you'd be effectively swapping having 5 days of the account sitting with a £200 balance earning 8% in December for an extra 5 days of having the account sat at a £1.2k balance earning 8% in June. In other words you get more interest opening/funding the account on 31/12/24 as opposed to opening/funding the account today.