Regular Savings Accounts: The Best Currently Available List!

interest_Ted

KRBS
Confirmed via email that anything other than visiting a branch to open this up will not be entertained.

Perhaps their staff need to look at their website under Support - Coronavirus FAQs -  can I still open an account in branch. 
I, for one, will simply be corresponding with my friendly branch when the time comes to renew my RS. 
Ted

Fingerbobs

lhsecons said:

Fingerbobs said:

Special_Saver2 said:

- Added Saffron BS 12 Month Fixed Rate Regular Saver (Issue 7) paying 1.5% fixed on up to £500 per month for 1 year but you can only have one Regular Saver with Saffron BS at any one time

Just went to apply for this, and found it's only available to customers resident in their usual range of postcodes. 

As is clearly stated in Special Saver2’s note!!

Rather annoying that this completely incorrect post which ridicules me by using two exclamation marks now has two thanks. I was correct, lhsecons was wrong. There was no mention of this restriction in any of SS2's posts when I made the comment. I don't know where lhsecons thought he/she saw this "note" but it didn't exist. Just wanted to get that off my chest.

colsten

veryintrigued said:

arsenalboy said:

colsten said:

The first upside of Covid-19 - - KRBS are presently taking postal applications for their RS. You need to call or email them for the application form, and send them an opening deposit either by cheque, or ask them to transfer the opening deposit from another KRBS account in your name.

This RS matures into a KRBS online saver, from which you can make electronic withdrawals (provided you have online access and a nominated current account). It's therefore suitable even for those who don't live anywhere near a KRBS Branch.

When I go onto the KRBS website it states branch only, there is nothing to suggest they will entertain an email approach, can you clarify please?

KRBS
Confirmed via email that anything other than visiting a branch to open this up will not be entertained.

Seems a bit of left hand right hand in KRBS. Their website says they cannot currently open accounts in Branch.

P3

Disappointed Monmouthshire BS Xmas 1.1% did not make the front page, 
Imo any RS interest rate higher than the current highest easy access saving account should be on here. 
By drip feeding, it is making profit no matter how small

typistretired

P3 said:

Disappointed Monmouthshire BS Xmas 1.1% did not make the front page, 
Imo any RS interest rate higher than the current highest easy access saving account should be on here. 
By drip feeding, it is making profit no matter how small

And you can pay in £1000 a month

SFindlay

P3 said:

Disappointed Monmouthshire BS Xmas 1.1% did not make the front page, 
Imo any RS interest rate higher than the current highest easy access saving account should be on here. 
By drip feeding, it is making profit no matter how small

SS2 keeps this running for all our benefits without any reward so think entitled to set the criteria for what makes it and what doesn't!!

You can't expect SS2 to follow the highest paying easy access account rate and change the front page list every week when the top paying easy access changes every few days!!

Be thankful for what's provided here and do your own research for the rest if you are personally willing to take anything paying less than what's listed here!!

Growingold

P3 said:

Disappointed Monmouthshire BS Xmas 1.1% did not make the front page, 
Imo any RS interest rate higher than the current highest easy access saving account should be on here. 
By drip feeding, it is making profit no matter how small

Maybe if it had been a fixed rate of 1.1% instead of variable.  Notwithstanding the bonus that you can deposit up to £1,00 a month the problem with this account as I see it is the interest rate could be reduced during the term and in their terms it says:-
If you close your account before maturity, the account will not qualify for the 1.10% AER/Gross variable interest rate.  Any interest you have earned will be calculated at the variable rate of our Easy Saver account

liamcov

What have people's experience been of closing down their Notts BS regular savers now the rates have dropped - haven't done so yet myself so not sure if they will credit the correct interest etc?

Also, on the Reg Saver (issue 2) have people closed it down completely or left some in?

veryintrigued

liamcov said:

What have people's experience been of closing down their Notts BS regular savers now the rates have dropped - haven't done so yet myself so not sure if they will credit the correct interest etc?

Also, on the Reg Saver (issue 2) have people closed it down completely or left some in?

Probably worth you scrolling back on here but personally had a great experience in branch with zero penalty withdrawals made leaving a small amount and amending November's standing orders for multiple RS.

someone

Deleted_User said:

Be careful with Triodos Bank. You have to give 33 days notice in advance of the 1 year anniversary of the "fixed regular saver" to get access to your money on the anniversary. The account automatically becomes a "regular saver" on the anniversary, and your accumulated cash is tied in to a derisory rate of interest for at least another 33 days. No other RS works like this.

Deleted_User said:

I had experience of the Triodos fixed regular saver in 2016/17. I got caught out on the notice period (see my above post) which was a novel concept to me in respect of regular savers. Usually a regular saver matures at the maturity date into an instant access account or savings plus interest are paid out at maturity into a nominated account selected by you. With Triodos you have to give 33 days notice prior to maturity in order to withdraw your money at maturity, otherwise the money morphs into a very low paying notice account which you cannot quickly escape from. You don't receive a reminder in advance of maturity to give notice. It is very sneeky and far from fair or ethical.

(Firstly this account is no-longer open for new customers)

FYI holding a Triodos Fixed Regular Saver (1.25% £500/month) I got this email about the account

We have also made changes to the following sections:

...

27.5 Triodos Fixed Regular Saver    
We have updated the description of the account that the Triodos Fixed Regular Saver will change to at the end of the one year term: After one year, the Account will be changed to a variable rate savings account and the relevant terms and interest rates will apply.

And term now reads

27.5 Maturity

After one year, the Account will be changed to a variable rate savings account and the relevant terms and interest rates will apply. Within 30 Calendar Days of the end of the fixed interest rate we will contact you to confirm these details and the new interest rate.

To me it *sounds like* the catch Hattie625 pointed out in the past about this account probably still exist. Also just to point out the terms here might be ... vague e.g. "Within 30 Calendar Days of the end" - is that before or after it ends.