Regular Savings Accounts: The Best Currently Available List!

surreysaver

P3 said:

£1000 max per month, 1.1%, 1 year
https://www.monbs.com/products/christmas-saver-bond/

How do I answer the question 'do you have indefinite leave to remain in the UK?' if I am a permanent resident? 

quirkydeptless

P3 said:

Correction, maximum is £1000 per month (not £250)
Hmmmmm what should I do? The least interest rate im getting is 1.2% with Skipton easy access

I'm keeping it with just £10, then I can up the contributions if the easy access drops.

The £1000/mnth, plus a number of 1.1/1.0% I've got set up similarly with minimum contributions (minimum £0 is nice) means I can at least keep a cash float above 1% interest. Not a lot, but I like to do the best I can.

JamesRobinson48

P3 said:

Hmmmmm what should I do? The least interest rate im getting is 1.2% with Skipton easy access

Monmouthshire BS  new Christmas Saver 1.1%:
For anyone currently interested in opening a variable rate one year Regular Saver that accepts £500-1,000 monthly payments, there are still some better deals out there, including Coventry BS (1.55%), Leek BS (1.35%) and Scottish BS (1.35%).  Just saying.

kaMelo

P3 said:

£1000 max per month, 1.1%, 1 year
https://www.monbs.com/products/christmas-saver-bond/

It is variable rate that may drop and has no penalty free early withdrawal option.
No thanks, I'll take my chances elsewhere.

MarkFromCornwall

surreysaver said:

P3 said:

£1000 max per month, 1.1%, 1 year
https://www.monbs.com/products/christmas-saver-bond/

How do I answer the question 'do you have indefinite leave to remain in the UK?' if I am a permanent resident? 

You answer 'yes'.

Special_Saver2

Hi Everybody,

Here is this weekend's update to this thread.

- Removed Triodos Regular Saver as the interest rate has dropped to 0.05%

- Removed Cumberland BS Home Saver as the interest rate has dropped to 1% variable 

- Removed Principality BS First Home Steps Account as the interest rate has dropped from an interest rate of 1 - 1.8% (depending on account balance) to 0.8 - 1.3% variable (depending on account balance - you need to build up to an account balance of £25,000 to earn 1.3%) and this is below the interest rate threshold allowed for inclusion on this thread

- Added a note to the Saffron BS 12 Month Fixed Rate Regular Saver (Issue 7) entry to show that it is only available to local customers (I have copied and pasted the list of eligible post codes from their website)

- Principality BS Christmas Saver Bond noted but as the interest rate is 1.1% variable, the rate is too low for it to be included on the first page of this thread (I am keeping this under review but currently there are plenty of accounts paying at least 1.5% variable or 1% fixed on the first page of this thread) plus I would point out that the terms and conditions of this particular account say that the interest rate is variable and you cannot make any withdrawals prior to maturity but you can close the account early with interest being earned at the Easy Saver account rate (however in the general terms and conditions document it says that if they reduce their interest rates then "At any time up to 30 days from the date of our notice you may close your account, or transfer your money to another Society account. You may do this without giving us any notice or incurring any charge or loss of interest that would otherwise apply under the Product Terms and Conditions" so I think this means you would be able to close the account without a reduction in the interest rate but you may wish to check this before opening an account

I will do the next update next weekend.

SS2

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For those new to this thread, the first few posts are constantly updated and are on the first page
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

quirkydeptless

MarkFromCornwall said:

surreysaver said:

P3 said:

£1000 max per month, 1.1%, 1 year
https://www.monbs.com/products/christmas-saver-bond/

How do I answer the question 'do you have indefinite leave to remain in the UK?' if I am a permanent resident? 

You answer 'yes'.

I answered 'no' as I assumed this wasn't applicable to me as a British National by birth, i.e. not applied to settle https://www.gov.uk/settle-in-the-uk

My application was still accepted

JamesRobinson48

Special_Saver2 said:

- Principality BS Christmas Saver Bond noted but as the interest rate is 1.1% variable, the rate is too low for it to be included on the first page of this thread 

Thanks as always S_S2:  I believe you would have intended to write 'Monmouthshire' here, not 'Principality'.

surreysaver

quirkydeptless said:

MarkFromCornwall said:

surreysaver said:

P3 said:

£1000 max per month, 1.1%, 1 year
https://www.monbs.com/products/christmas-saver-bond/

How do I answer the question 'do you have indefinite leave to remain in the UK?' if I am a permanent resident? 

You answer 'yes'.

I answered 'no' as I assumed this wasn't applicable to me as a British National by birth, i.e. not settled https://www.gov.uk/settle-in-the-uk

My application was still accepted

Exactly. That's why I answered 'no' 

Every_Penny_Counts

kaMelo said:

It is variable rate that may drop and has no penalty free early withdrawal option.
No thanks, I'll take my chances elsewhere.

Re Monmouthshire BS new Christmas Saver 1.1%

According to their Savings T&C's;

6.25 If we make any other change to the charges or fees which apply to your account we will send you a letter, email or other personal notice telling you about the change. We will provide you with advance notification not less than 30 days before the change comes into effect. At anytime up to the date the change comes into effect, you may close your account or transfer your money to another account. You may do this without giving us any notice or incurring any charge or loss of interest that would otherwise apply under the Product Terms and Conditions.

Surely this is the "get out of jail free" card?

EPC