Regular Savings Accounts: The Best Currently Available List!

polymaff

lantanna said:

schiff said:

lantanna said:

Also set up principality RS, set up Virgin Money last month, have Coventry issue 2 and waiting for my Halifax RS to mature next month and then il set up a new Halifax RS. That will be me maxed out with RS for the year. These including my Halifax help to buy isa and the dribble I now keep in my Marcus account combine to give me my house deposit which will be ready by the end of 2021.

You would be better off with Coventry RS (3) at 1.55% rather than a new Halifax at 1.00%. Larger deposit limit £500/£250 as well.

Your right, thank you

Maybe. The Coventry rate is variable, the Halifax rate is fixed.

lightbulb2760

polymaff said:

lantanna said:

schiff said:

lantanna said:

Also set up principality RS, set up Virgin Money last month, have Coventry issue 2 and waiting for my Halifax RS to mature next month and then il set up a new Halifax RS. That will be me maxed out with RS for the year. These including my Halifax help to buy isa and the dribble I now keep in my Marcus account combine to give me my house deposit which will be ready by the end of 2021.

You would be better off with Coventry RS (3) at 1.55% rather than a new Halifax at 1.00%. Larger deposit limit £500/£250 as well.

Your right, thank you

Maybe. The Coventry rate is variable, the Halifax rate is fixed.

I'd suggest opening both the Coventry 1.55% variable and the Halifax 1% fixed. Fund Coventry with up to £500, and fund Halifax with just the initial minimum deposit of £25. If the Coventry should drop below 1% before the 12 month term of the Halifax, then at least you still have an account at 1%. Given recent rate drops, rates are unlikely to head north anytime soon...

eskbanker

AdamBrunt said:

I assume Cash ISAs are for bigger amounts of money than £300pm / £3600 pa ?

There aren't many reasons to use cash ISAs since their differential from taxable savings accounts was largely removed with the introduction of the personal savings allowance in 2016, so for any savings requirement work out how much you can pay in and what your access requirements are, and then find the best net return from taxable accounts or ISAs....

https://www.moneysavingexpert.com/savings/best-cash-isa/#accordion-content-620297425-0

Regular saver accounts have always offered better interest rates on the basis that contributions are heavily capped, which limits the bank's exposure.

schiff

polymaff said:

lantanna said:

schiff said:

lantanna said:

Also set up principality RS, set up Virgin Money last month, have Coventry issue 2 and waiting for my Halifax RS to mature next month and then il set up a new Halifax RS. That will be me maxed out with RS for the year. These including my Halifax help to buy isa and the dribble I now keep in my Marcus account combine to give me my house deposit which will be ready by the end of 2021.

You would be better off with Coventry RS (3) at 1.55% rather than a new Halifax at 1.00%. Larger deposit limit £500/£250 as well.

Your right, thank you

Maybe. The Coventry rate is variable, the Halifax rate is fixed.

If Coventry was 1.1% or even 1.2% I would tend to agree with you but the 0.55% differential would clinch if for me; a worthwhile risk. However lightbulb's solution looks best. 

Poor_Leno

How long do M&S bank take in opening their monthly saver?  I literally just had my 5% one from last year mature on Monday and applied for the 2.75% one on Thursday before they closed off applications, which was at the end of that day.  Or at least I think that was the deadline.  It's not showing on my account list yet, but i'm pretty sure last year it appeared the next day after applying.

RSNut

M&S Monthly Saver has taken five days to open since my application for renewal on Monday. I checked with customer services. They have had a large number of applications to deal with hence the delay,unsurprisingly. They did say applications received before deadline would be honoured providing the terms of the account are met. Perhaps just wait patiently.

surreysaver

schiff said:

Nottingham Seasonal Saver maturity 30/11/20
The letters are being sent out. It's either a visit (though they try to dissuade it) or a cheque in the post. A SAE is provided.
The proceeds go into an Easy Access account at 0.40% in case that may be of interest.

U thought its 0.1% Easy Access Saver

schiff

surreysaver said:

schiff said:

Nottingham Seasonal Saver maturity 30/11/20
The letters are being sent out. It's either a visit (though they try to dissuade it) or a cheque in the post. A SAE is provided.
The proceeds go into an Easy Access account at 0.40% in case that may be of interest.

U thought its 0.1% Easy Access Saver

Not sure what that means exactly but it's Branch Easy Access account Issue 2 to give it its full title. And it is 0.40%.

polymaff

schiff said:

polymaff said:

lantanna said:

schiff said:

lantanna said:

Also set up principality RS, set up Virgin Money last month, have Coventry issue 2 and waiting for my Halifax RS to mature next month and then il set up a new Halifax RS. That will be me maxed out with RS for the year. These including my Halifax help to buy isa and the dribble I now keep in my Marcus account combine to give me my house deposit which will be ready by the end of 2021.

You would be better off with Coventry RS (3) at 1.55% rather than a new Halifax at 1.00%. Larger deposit limit £500/£250 as well.

Your right, thank you

Maybe. The Coventry rate is variable, the Halifax rate is fixed.

If Coventry was 1.1% or even 1.2% I would tend to agree with you but the 0.55% differential would clinch if for me; a worthwhile risk. However lightbulb's solution looks best. 

I expressed no opinion to agree or disagree with.  Just info.

Coventry deci-deci-decimated their previous RS's rate.  Now NS&I have shown how to really wield an axe.

We're in uncharted territory.

schiff

schiff said:

surreysaver said:

schiff said:

Nottingham Seasonal Saver maturity 30/11/20
The letters are being sent out. It's either a visit (though they try to dissuade it) or a cheque in the post. A SAE is provided.
The proceeds go into an Easy Access account at 0.40% in case that may be of interest.

U thought its 0.1% Easy Access Saver

Not sure what that means exactly but it's Branch Easy Access account Issue 2 to give it its full title. And it is 0.40%.

Nottingham have confused me, I now find. They included the 'information sheet' for the account which clearly shows 0.40% and their 'savings products summary valid from 19/10/20' which shows 0.10%. The latter will surely prove to be the correct one so I owe you an apology.