Regular Savings Accounts: The Best Currently Available List!

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  • Archerychick
    Archerychick Posts: 496 Forumite
    Ninth Anniversary 100 Posts Name Dropper Combo Breaker
    edited 24 December 2024 at 8:54AM
    Principality 6 Month Regular Saver Issue 1 

    We have one that matured this morning, having not realised I'd already set up an issue 2, before selecting maturity options. This has matured nicely into a second Issue 2 account.  :):smile:

    Also the interest paid is higher than I had calculated which I'm baffled a little by. Opened the account on 23/06 and funded with £200 per month, they've paid £31.57 total. I funded one 19th of the month in September but otherwise on 1st of the month. The MSE calculator makes it £27 so I had expected slightly less than this due to my late funding in September. 
     
  • Bob2000
    Bob2000 Posts: 274 Forumite
    100 Posts Name Dropper Photogenic
    Principality 6 Month Regular Saver Issue 1 

    We have one that matured this morning, having not realised I'd already set up an issue 2, before selecting maturity options. This has matured nicely into a second Issue 2 account.  :):smile:

    Also the interest paid is higher than I had calculated which I'm baffled a little by. Opened the account on 23/06 and funded with £200 per month, they've paid £31.57 total. I funded one 19th of the month in September but otherwise on 1st of the month. The MSE calculator makes it £27 so I had expected slightly less than this due to my late funding in September. 
     
    Mine matured Sunday with the grand total of £31.52 paying in on the 1st every month.
    So don't go crazy with the extra.:)
  • Bob2000
    Bob2000 Posts: 274 Forumite
    100 Posts Name Dropper Photogenic
    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.
  • 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.
  • flaneurs_lobster
    flaneurs_lobster Posts: 6,237 Forumite
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    edited 24 December 2024 at 10:05AM
    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.
    Club Lloyds Monthly Saver, £400 max, 6.25% fixed for a year. If you open a Club Lloyds current account (and jump through the monthly funding hoop). 

    Coventry BS has the First Home Saver (2), £1000/mth @ 4.8% var, 60 day notice to avoid penalty.

  • Selected my maturity instructions for my Principality 6 Month Issue 1, opted for a 2nd Issue 2 with remaining money to be sent to my Virgin account, let's see how this works out on or shortly after the 28th December 😁
  • granta
    granta Posts: 496 Forumite
    Tenth Anniversary 100 Posts Photogenic Name Dropper
    Market Harborough Regular Saver Issue 2

    I applied online yesterday and was told my application was being 'checked' and was required to send in a photo of ID/address. The account is now showing online.
    Have I understood correctly from above discussions that I need to make a £10 payment in December to keep the account open? Or can I wait until January to avoid going over the £250 limit?
  • masonic
    masonic Posts: 26,818 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    granta said:
    Market Harborough Regular Saver Issue 2

    I applied online yesterday and was told my application was being 'checked' and was required to send in a photo of ID/address. The account is now showing online.
    Have I understood correctly from above discussions that I need to make a £10 payment in December to keep the account open? Or can I wait until January to avoid going over the £250 limit?
    Needs to be within 10 days, so 1st or 2nd Jan should be ok.
  • ForumUser7
    ForumUser7 Posts: 2,401 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    Cambridge BS Reward Regular Saver

    Those who had this product and set maturity instructions to the Extra Reward Regular Saver, did it take more than the £300 monthly payment? I.e. could you set the maturity preference to be all the maturing funds into this account, and did it process as such please?

    Thanks
    If you want me to definitely see your reply, please tag me @forumuser7 Thank you.

    N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
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