Regular Savings Accounts: The Best Currently Available List!

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.

simonsmithsays

Bridlington1 said:

simonsmithsays said:

Bobblehat said:

dcs34 said:

Market Harborough Fixed Term Regular Saver (31.03.2026)
For those that have applied online, would you mind confirming the process? I've logged in and gone to 'Apply' > 'Regular' and then checked all the other types, but can't see it on the system at all.

Possible that MHBS have spotted some issues (i.e. people opening both issues and funding, it was supposed to remain branch only, etc.) and have withdrawn from the online system?

Yep! Not visible for me when logged in! Watch this space I suppose!

It was visible three hours ago under Regular Savers.

It's now, no longer, an option.

They've simply removed it from online applications.

The application link still seems to be live
https://mhbsonline.co.uk/bankfastApply/apply?code=1yr02

Looks like the MHBS RS link has been taken down

masonic

simonsmithsays said:

Bridlington1 said:

simonsmithsays said:

Bobblehat said:

dcs34 said:

Market Harborough Fixed Term Regular Saver (31.03.2026)
For those that have applied online, would you mind confirming the process? I've logged in and gone to 'Apply' > 'Regular' and then checked all the other types, but can't see it on the system at all.

Possible that MHBS have spotted some issues (i.e. people opening both issues and funding, it was supposed to remain branch only, etc.) and have withdrawn from the online system?

Yep! Not visible for me when logged in! Watch this space I suppose!

It was visible three hours ago under Regular Savers.

It's now, no longer, an option.

They've simply removed it from online applications.

The application link still seems to be live
https://mhbsonline.co.uk/bankfastApply/apply?code=1yr02

Looks like the MHBS RS link has been taken down

Yes, discussed here: https://forums.moneysavingexpert.com/discussion/comment/81183275/#Comment_81183275

Bobblehat

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?

Advantage of around £1 .... ~£34 instead of ~£33. 

happybagger

£1200 earning 8% instead of around 5% in typical access account over 5 days is under 50p in my book. Not really worth a debate - I'd just open it now if I was going to.

Bob2000

Bobblehat said:

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?

Advantage of around £1 .... ~£34 instead of ~£33. 

Thank you. 

surreysaver

happybagger said:

£1200 earning 8% instead of around 5% in typical access account over 5 days is under 50p in my book. Not really worth a debate - I'd just open it now if I was going to.

But if you multiply that by, say ten accounts you're doing the same thing with, it's £5. The small amounts are accumulative.

happybagger

But that's hypothetical. If you can give me ten accounts that pay 8% or so, ie above the 5% available, without risk of the 8% account being pulled leaving you with no chance of 8% for the 6 months at all, then fine.

Each to their own I guess.

simonsmithsays

Might be a help to others but I've got the following institutions that I have RS with whom like to pay, at least some of, their interest on the 31/12:

Buckinghamshire BS
Mansfield BS
Penrith BS

And also non RS easy access products, which also pay interest in the 31/12, from Cambridge BS and Saffron BS (which are left open to enable access to RS from these institutions)

allegro120

Bridlington1 said:

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.

True, but there is always a chance for the product to be pulled any day. The latest example - MHBS issue2.  I've decided to delay for a couple of days (for the obvious reason)....... I even put the details in my spreadsheet and amended my MHBS distribution list, I stupidly assumed that they not going to pull this issue until the end of this month.