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Regular Savings Accounts: The Best Currently Available List!

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Comments

  • friolento
    friolento Posts: 2,688 Forumite
    1,000 Posts Second Anniversary Name Dropper Photogenic
    Bob2000 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
    Bob2000 Posts: 409 Forumite
    100 Posts Name Dropper Photogenic
    friolento said:
    Bob2000 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
    Bob2000 Posts: 409 Forumite
    100 Posts Name Dropper Photogenic
    Bob2000 said:
    Bob2000 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. 
  • Bob2000
    Bob2000 Posts: 409 Forumite
    100 Posts Name Dropper Photogenic
    edited 26 December 2024 at 10:19AM
    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?
  • 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
    allegro120 Posts: 2,137 Forumite
    1,000 Posts Second Anniversary Name Dropper
    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
    Bob2000 Posts: 409 Forumite
    100 Posts Name Dropper Photogenic
    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
    Bob2000 Posts: 409 Forumite
    100 Posts Name Dropper Photogenic
    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?
  • Bob2000 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:
    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.
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