Regular Savings Accounts: The Best Currently Available List!

Ibliss

Great, good to know! Also spotted that Coventry BS has an issue 3 reg.sav. which I should be able to apply for as I currently have an issue 2.  This is good timing for me as I was looking for something to do with my NS&I savings once the rate drops.

veryintrigued

Ibliss said:

Have just applied for, opened and paid in to my Principality Christmas 2021 Regular Saver - didn't know it existed until I saw it mentioned here, so thank you!  A question - I already have a Regular Saver Issue 22 (had it for around 6 months); Can I also open a Reg Saver Issue 23?  The T&C outline mention only having one bond per customer, but as it is another Issue... perhaps it is possible to hold both at the same time? 

Yes.

someone

Special_Saver2 said:

8. Homebuyer Accounts
Hanley Economic BS Home Deposit Saver
Interest rate: 2.45% gross p.a. / AER variable from 1st May 2020 Monthly payment: £100-£500 Miss any payments: Can miss 2 payments per year (1st September to 31st August) Penalty-free withdrawals: A penalty equivalent to 180 days loss of interest will be applied if the funds be withdrawn for any other reason than for a house deposit Age of applicant: Not stated How to open account: Branch only Special conditions: Maximum balance £50,000. Instant access is permitted penalty free providing the funds are withdrawn for a house deposit linked to a mortgage with The Hanley.

Just been scanning the list for any further attractive accounts that I could open and I noticed three things about this Hanley Economic BS Home Deposit Saver account

1. It can be opened by branch OR post
2. "Account holders must live within 25 miles of the Society’s Head Office, postcode region ST1 5TB.", unsure if this is a new condition but worth pointing out.
   
3. Also worth pointing out to readers here the small print for the BS accounts set out two types of interest rate changes. One of which (7.6) would give you the "right to switch the account or close it without loss of interest or additional charges." under (7.10) however the other option to the BS (7.5) covers BoE changes and other things restricting this "Get out of Jail card" .
   

Gers

takke said:

Principality BS Christmas 2021 Regular Saver Bond opens to applications today (1.5% fixed, £125 per month). Link to apply here, product information page hasn't updated yet.

Many thanks  - opened and funded in 20 mins earlier this morning. 

Bobblehat

Ibliss said:

Great, good to know! Also spotted that Coventry BS has an issue 3 reg.sav. which I should be able to apply for as I currently have an issue 2.  This is good timing for me as I was looking for something to do with my NS&I savings once the rate drops.

I thought I'd mention, just to clarify for other forumites, you would have to wait until Issue 2 Coventry BS RS finished before applying for Issue 3 RS ... according to their CS agent, you can only hold one Coventry RS at a time regardless of Issue number.

Every_Penny_Counts

Bobblehat said:

I thought I'd mention, just to clarify for other forumites, you would have to wait until Issue 2 Coventry BS RS finished before applying for Issue 3 RS ... according to their CS agent, you can only hold one Coventry RS at a time regardless of Issue number.

Re Coventry RS

The agent may say that but it doesn't seem to be enforced if you apply online through an account for one, as I currently have both issue 2 & issue 3.  Both have been open & running for sometime.

castle96

Me too. 2 x RS with Cov

wiseonesomeofthetime

And me 

Gers

Every_Penny_Counts said:

Bobblehat said:

I thought I'd mention, just to clarify for other forumites, you would have to wait until Issue 2 Coventry BS RS finished before applying for Issue 3 RS ... according to their CS agent, you can only hold one Coventry RS at a time regardless of Issue number.

Re Coventry RS

The agent may say that but it doesn't seem to be enforced if you apply online through an account for one, as I currently have both issue 2 & issue 3.  Both have been open & running for sometime.

Me also!  Issue 2 in Jan this year and issue 3 in Sept this year. 

General_Grant

Bobblehat said:

Ibliss said:

Great, good to know! Also spotted that Coventry BS has an issue 3 reg.sav. which I should be able to apply for as I currently have an issue 2.  This is good timing for me as I was looking for something to do with my NS&I savings once the rate drops.

I thought I'd mention, just to clarify for other forumites, you would have to wait until Issue 2 Coventry BS RS finished before applying for Issue 3 RS ... according to their CS agent, you can only hold one Coventry RS at a time regardless of Issue number.

You may have spoken to the same CS agent that I spoke with.  She told me that I would still lose 30 days interest if I closed the RS account if they dropped the interest rate. 
I phoned today and spoke to a different CS agent who was able to give the correct information (you can close without loss of interest if they drop the rate and you close the account within 30 days).  He said he would pass my request that all CS agents be reminded of the rule (page 34 of the general t&C).