Regular Savings Accounts: The Best Currently Available List!

Ed-1

snow62 said:

E-mail from HSBC this morning re Regular Saver.  'Enjoy our highest savings rate' of.... 1%.  'Rates correct as at 24 November 2020.'  Inevitable, but gives people a few more days to apply - fortunately mine expired/renewed at the start of the month.

I had a feeling HSBC and First Direct would reduce their regular saver rates (rather than withdraw the account like M&S). I was expecting 1.5% rather than 1% though. A 1% regular saver really is a dead duck.

General_Grant

Ed-1 said:

snow62 said:

E-mail from HSBC this morning re Regular Saver.  'Enjoy our highest savings rate' of.... 1%.  'Rates correct as at 24 November 2020.'  Inevitable, but gives people a few more days to apply - fortunately mine expired/renewed at the start of the month.

I had a feeling HSBC and First Direct would reduce their regular saver rates (rather than withdraw the account like M&S). I was expecting 1.5% rather than 1% though. A 1% regular saver really is a dead duck.

I hope you can still write that in 6 months' time.

London7766551

Has anyone heard more about the Chase UK bank that was coming? It was speculated they would offer a good savings rate account.

dcs34

dcs34 said:

I've sent Virgin a message asking if there is any specific requirements to maintain the app for the duration of the product term or to "use" it with any sort of regularity. Will see what they say, the T&Cs don't stipulate anything so they'd struggle to enforce any further conditions - but always best to get it from the horse's mouth!

"I confirm there are no requirements/conditions to the account in which you would need to keep the app or log into the app on a regular basis once your account is up and running."

typistretired

London7766551 said:

Has anyone heard more about the Chase UK bank that was coming? It was speculated they would offer a good savings rate account.

JPMorgan Chase is set to launch its UK digital challenger, which includes a range of savings and loan products under its Chase brand in the UK, in the first quarter of 2021

typistretired

Virgin do not stipulate that you have to use the funds for home buying.  There were several boxes you could tick why you were opening the regular saver even "Rainy Day".

wiseonesomeofthetime

snow62 said:

E-mail from HSBC this morning re Regular Saver.  'Enjoy our highest savings rate' of.... 1%.  'Rates correct as at 24 November 2020.'  Inevitable, but gives people a few more days to apply - fortunately mine expired/renewed at the start of the month.

Looks like another current account I shall have no need for in 2021 🤷‍♂️

Gray001

Ah gr8 HSBC and First Direct.... the best reg saver rate is like 1.5% and easy access saver 0.75%. I've had a few accounts maturing and am wondering with the best rates so cut is it worth opening and maintaining them? I at least thought the HSBC /FD would have stayed at 2.75 or competitive as it was always best on the market!
Things for savers gonna get a lot worse 

vernall

snow62 said:

E-mail from HSBC this morning re Regular Saver.  'Enjoy our highest savings rate' of.... 1%.  'Rates correct as at 24 November 2020.'  Inevitable, but gives people a few more days to apply - fortunately mine expired/renewed at the start of the month.

My current one matures on 22/11. What’s the chances of me being able to open one on 23/11? If I remember right , HSBC are pretty slow at closing previous maturing one and allowing you to open another 

polymaff

Gray001 said:

Ah gr8 HSBC and First Direct.... the best reg saver rate is like 1.5% and easy access saver 0.75%. I've had a few accounts maturing and am wondering with the best rates so cut is it worth opening and maintaining them? I at least thought the HSBC /FD would have stayed at 2.75 or competitive as it was always best on the market!
Things for savers gonna get a lot worse 

HSBC made a decision to get out of interest earning and charging and concentrate on services a month or two ago.