Regular Savings Accounts: The Best Currently Available List!

surreysaver

quirkydeptless said:

schiff said:

wiseonesomeofthetime said:

And rewards you with just a £1 a month.

Sad times.

A collection of accounts paying £1+ a month can add up to a worthwhile sum. All part of it.

Yes, that's how look at it, the dwindling rates mean that my magic money tree of reqular and fixed rates accounts isn't much more than my best easy access account rate, but still gives me a few 100 extra £ each year which I'm happy to take.

I understand most wouldn't be interested in having the many accounts needed for this. It's become more of a hobby now that gives me about £25 extra in interest each month above a straight easy access account.

Exactly. Its a hobby. Plus it also means if interest rates ever go up, we are on top of the game already 

Sea_Shell

Speculator said:

My Principality regular matured today and I expected the money to be in my bank a/c on Monday. (next working day)
Just checked my Santander and the money is already in there!

Mine matures today, so wasn't expecting the money to be available until tomorrow.    However, the website appears to be down for maintenance at the moment, so I can't see if it's available yet!    No mention of how long it'll be down for.

vernall

Mine matures today, so wasn't expecting the money to be available until tomorrow.    However, the website appears to be down for maintenance at the moment, so I can't see if it's available yet!    No mention of how long it'll be down for.

Mine also matures today, and nothing showing in account it’s supposed to be transferred into yet, but it is a Sunday and not expecting anything until tomorrow. 

vernall

vernall said:

Mine matures today, so wasn't expecting the money to be available until tomorrow.    However, the website appears to be down for maintenance at the moment, so I can't see if it's available yet!    No mention of how long it'll be down for.

Mine also matures today, and nothing showing in account it’s supposed to be transferred into yet, but it is a Sunday and not expecting anything until tomorrow. 

Just been paid in now

typistretired

Principal BS have been really efficient on the maturity of the Christmas Saver and Regular Saver. The fact that the Christmas Saver has the same reference is a plus. Monmouthshire BS did well too but they continue to insist on a signature in the post despite being a long term member and open accounts. Must dip into their profits.

Keith80

surreysaver said:

Speculator said:

My Principality regular matured today and I expected the money to be in my bank a/c on Monday. (next working day)
Just checked my Santander and the money is already in there!

Same with me.  And the 2021 Christmas Regular Saver is already open.  I notice the account number is the same as the 2020 Christmas Saver, though.  I wonder if keeping the Standing Oder going would have worked?  Might be worth checking that if they decide to do a 2022 Christmas Saver.

I thought about this, but came up against the 13th month problem (payment set for the 1st but account opening on the 5th), and then had also arranged the first payment into the 2021 saver to come out of the maturing 2020 saver's proceeds. The way to have done it would have been to reset the next standing order payment for the first day of the second month (i.e. 01/12/2020), continuing through 01/10/2021, but by the time I got round to thinking of this my bank had already deleted the standing order based on my prior last payment instructions.

Special_Saver2

Hi Folks,

Here is this weekend's update to this thread.

- Added a note to the M&S Monthly Saver account to show that new applications can only be made until this Thursday

- Added the Bath BS 16-25 Regular Saver account to the list of accounts that can continue beyond 12 months; it pays 4% variable on £10-50 per month for people aged 16-25 who live, work or study in Bath and continues until the age of 26

I am aware from the comments that I can see since the last update that somebody does not think an account paying 2.75% fixed on £250 per month is worthwhile whilst somebody else really values an account paying 1.1% variable on £1,000 per month. At the moment, there are a lot of accounts on this thread with the current criteria I have set of paying at least 1% fixed or 1.5% variable. I review those thresholds regularly, but for anybody who is interested in more accounts that are below those thresholds, you can look at the information sources that I have quoted in post 1 of this thread for tables from financial websites with links to more options. I also do not mind if people post new accounts to this thread that do not meet the criteria. I hope you can understand that given the amount of time it takes to keep this thread up to date that I have to set some thresholds for the accounts that I include.

I will do the next update next weekend.

SS2

---

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

veryintrigued

Special_Saver2 said:

Hi Folks,

Here is this weekend's update to this thread.

- Added a note to the M&S Monthly Saver account to show that new applications can only be made until this Thursday

- Added the Bath BS 16-25 Regular Saver account to the list of accounts that can continue beyond 12 months; it pays 4% variable on £10-50 per month for people aged 16-25 who live, work or study in Bath and continues until the age of 26

I am aware from the comments that I can see since the last update that somebody does not think an account paying 2.75% fixed on £250 per month is worthwhile whilst somebody else really values an account paying 1.1% variable on £1,000 per month. At the moment, there are a lot of accounts on this thread with the current criteria I have set of paying at least 1% fixed or 1.5% variable. I review those thresholds regularly, but for anybody who is interested in more accounts that are below those thresholds, you can look at the information sources that I have quoted in post 1 of this thread for tables from financial websites with links to more options. I also do not mind if people post new accounts to this thread that do not meet the criteria. I hope you can understand that given the amount of time it takes to keep this thread up to date that I have to set some thresholds for the accounts that I include.

I will do the next update next weekend.

SS2

---

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

Huge credit and thanks as always SS.

The amount of work you consistently put into this thread is incredible.

If the small number of people criticising put in 1% (see what I did there?) of your effort into the research and being positive and not squabbling on here we'd have any even better (than the excellent) thread we have.

Thank you again

NottinghamKnight

veryintrigued said:

Special_Saver2 said:

Hi Folks,

Here is this weekend's update to this thread.

- Added a note to the M&S Monthly Saver account to show that new applications can only be made until this Thursday

- Added the Bath BS 16-25 Regular Saver account to the list of accounts that can continue beyond 12 months; it pays 4% variable on £10-50 per month for people aged 16-25 who live, work or study in Bath and continues until the age of 26

I am aware from the comments that I can see since the last update that somebody does not think an account paying 2.75% fixed on £250 per month is worthwhile whilst somebody else really values an account paying 1.1% variable on £1,000 per month. At the moment, there are a lot of accounts on this thread with the current criteria I have set of paying at least 1% fixed or 1.5% variable. I review those thresholds regularly, but for anybody who is interested in more accounts that are below those thresholds, you can look at the information sources that I have quoted in post 1 of this thread for tables from financial websites with links to more options. I also do not mind if people post new accounts to this thread that do not meet the criteria. I hope you can understand that given the amount of time it takes to keep this thread up to date that I have to set some thresholds for the accounts that I include.

I will do the next update next weekend.

SS2

---

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

Huge credit and thanks as always SS.

The amount of work you consistently put into this thread is incredible.

If the small number of people criticising put in 1% (see what I did there?) of your effort into the research and being positive and not squabbling on here we'd have any even better (than the excellent) thread we have.

Thank you again

Very much agree, though if they are putting in at least 2.75% as much effort it may be fine...

lightbulb2760

I''ve just opened the four regular / monthly savers paying 1% fixed from Bank of Scotland, Halifax, Lloyds and TSB, and note that the T&Cs on page 1 for Halifax and Lloyds do not seem to accord with the advertised T&Cs. The Halifax Regular Saver does not allow any withdrawals (except on closure), and the Lloyds Monthly Saver does not allow any missed payments (at least by omission: no mention of the ability to miss any payments is mentioned).