Regular Savings Accounts: The Best Currently Available List!

London7766551

Aceace said:

GreenBitterfly said:

I think I might have to check the thread daily, so annoyed I missed out on the Tipton Building society Regular saver!

To put it in perspective, you've only missed out on fifty-odd quid profit for the price of tying up to £7k of capital up for over a year. 

£50 for pretty much doing nothing!

Aceace

London7766551 said:

Aceace said:

GreenBitterfly said:

I think I might have to check the thread daily, so annoyed I missed out on the Tipton Building society Regular saver!

To put it in perspective, you've only missed out on fifty-odd quid profit for the price of tying up to £7k of capital up for over a year. 

£50 for pretty much doing nothing!

Fair enough. I wasn't suggesting that you shouldn't do it if it's your bag. Just that I was surprised that missing out on it was such a disappointment. It seems to me that regular savers pay such poor returns now that by the time you've accounted for arranging for the regular payments to be in a lower paying easy access account so that they are available for the monthly payments, you would probably be better off with a term account. Sticking £7k in a 1 year account would pay £70 with much less hassle,  and you would be able to save larger sums, reducing the need to manage so many RS accounts. Personally I'd now rather take a small risk on the capital for better returns, but that's obviously not suitable for all. Each to his own. 

bristolleedsfan

London7766551 said:

Aceace said:

GreenBitterfly said:

I think I might have to check the thread daily, so annoyed I missed out on the Tipton Building society Regular saver!

To put it in perspective, you've only missed out on fifty-odd quid profit for the price of tying up to £7k of capital up for over a year. 

£50 for pretty much doing nothing!

£50 less what it could be earning in whatever other accounts people hold, for most people who have 1.2% Skipton Instant Access account or an account paying similar %, 1.35% regular saver was probably no big deal / hardly any gain for those who are moving £500 a month for so little % difference

P3

I think us lot are chasing the best possible interest rate rather than look at the £ gain. You are right, drip feeding from £6k in 1.2% vs £500 for 12 months at 1.35% RS, gets you £5 more lol (£77 Vs £72)

schiff

bristolleedsfan said:

London7766551 said:

Aceace said:

GreenBitterfly said:

I think I might have to check the thread daily, so annoyed I missed out on the Tipton Building society Regular saver!

To put it in perspective, you've only missed out on fifty-odd quid profit for the price of tying up to £7k of capital up for over a year. 

£50 for pretty much doing nothing!

£50 less what it could be earning in whatever other accounts people hold, for most people who have 1.2% Skipton Instant Access account or an account paying similar %, 1.35% regular saver was probably no big deal / hardly any gain for those who are moving £500 a month for so little % difference

The difference is 0.15%, admittedly not a lot, but the 1.35% is fixed, the Skipton isn't (not entirely anyway). And you know about oak trees and little acorns! 

Frogletina

bristolleedsfan said:

London7766551 said:

Aceace said:

GreenBitterfly said:

I think I might have to check the thread daily, so annoyed I missed out on the Tipton Building society Regular saver!

To put it in perspective, you've only missed out on fifty-odd quid profit for the price of tying up to £7k of capital up for over a year. 

£50 for pretty much doing nothing!

£50 less what it could be earning in whatever other accounts people hold, for most people who have 1.2% Skipton Instant Access account or an account paying similar %, 1.35% regular saver was probably no big deal / hardly any gain for those who are moving £500 a month for so little % difference

How long is that instant access going to remain at 1.2%? I was thinking of not renewing regular savers at 1% but even they are higher now than my highest instant access with Marcus. I'll always need some money on instant access, but regular savers spread out over the year mean I don't need as much. If I had that Skipton account I'd probably still open regular savers and put the minimum money in so I had somewhere to transfer the rest if it reduced. I had my Marcus account open with very little in it for months, now it's very useful.

bristolleedsfan

Frogletina said:

bristolleedsfan said:

London7766551 said:

Aceace said:

GreenBitterfly said:

I think I might have to check the thread daily, so annoyed I missed out on the Tipton Building society Regular saver!

To put it in perspective, you've only missed out on fifty-odd quid profit for the price of tying up to £7k of capital up for over a year. 

£50 for pretty much doing nothing!

£50 less what it could be earning in whatever other accounts people hold, for most people who have 1.2% Skipton Instant Access account or an account paying similar %, 1.35% regular saver was probably no big deal / hardly any gain for those who are moving £500 a month for so little % difference

How long is that instant access going to remain at 1.2%? I was thinking of not renewing regular savers at 1% but even they are higher now than my highest instant access with Marcus. I'll always need some money on instant access, but regular savers spread out over the year mean I don't need as much. If I had that Skipton account I'd probably still open regular savers and put the minimum money in so I had somewhere to transfer the rest if it reduced. I had my Marcus account open with very little in it for months, now it's very useful.

I replied to this, merely giving an example as to 1.35% regular saver not being "£50 for pretty much doing nothing", being as £50 "profit" figure had been posted a few times

https://forums.moneysavingexpert.com/discussion/comment/77802762/#Comment_77802762

Nick_C

London7766551 said:

cricidmuslibale said:

If I may so as someone who is quite new to this forum, I think this Regular Saving thread is one of the very best and most useful threads in the entire Savings and Investments section! It has certainly helped me very significantly in recent days. Thank you very much to everyone who contributes to it, especially the original poster who clearly gives a lot of time and effort to it on a very regular basis!

I tend to check it daily now!

I used to subscribe to this thread, as it contained useful new information.  The thread has been ruined by for too many people using it for irrelevant chit chat.  The last 18 posts - the ones made since SS2's weekly update - contain no new information about regular savers.

If you really appreciate this thread and SS2's hard work in maintaining the first few posts, then please show your appreciation by keeping the thread clear of irrelevant chit chat.  If every post contains useful new information, then the thread is worth subscribing to.  Currently, it isn't.

Frogletina

Fingerbobs said:

GreenBitterfly said:

I think I might have to check the thread daily, so annoyed I missed out on the Tipton Building society Regular saver!

I don't see how they would be able to tell exactly when the application form was completed and posted, as long as it arrives with them within the next few days...

It's not online anymore so cannot be downloaded

schiff

Nick_C said:

London7766551 said:

cricidmuslibale said:

If I may so as someone who is quite new to this forum, I think this Regular Saving thread is one of the very best and most useful threads in the entire Savings and Investments section! It has certainly helped me very significantly in recent days. Thank you very much to everyone who contributes to it, especially the original poster who clearly gives a lot of time and effort to it on a very regular basis!

I tend to check it daily now!

I used to subscribe to this thread, as it contained useful new information.  The thread has been ruined by for too many people using it for irrelevant chit chat.  The last 18 posts - the ones made since SS2's weekly update - contain no new information about regular savers.

If the thread was restricted to 'new information about (presumably new) regular savers' there would be a handful of posts each week. As far as I'm concerned people could chat for all they want, if james robinson and others keep coming up with stuff like Tipton this week.
For me it's all worth it!