Regular Savings Accounts: The Best Currently Available List!

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!

London7766551

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 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.

That's not the way I see it, most of the posts are useful or in the spirit of the thread. If you want a thread with just a list which is updated once a week and no other posts, it will need to be a thread which is a sticky and locked to the OP, because this is a discussion forum and people are going to discuss things. I don't see why you would subscribe to a thread anyway, even if every post was relevant, people post updates about application progress etc so you would still get annoying pings. With the Virgin house builder saver for example, it was not a simple process, you had to jump through hoops, and it was people giving advice which helped a lot of others to apply properly. Just visit the thread once a day as I do, very simple method without the drama.

Ed-1

HSBC reg saver rate reduction to 1% confirmed:
https://www.hsbc.co.uk/savings/products/regular-saver
The First Direct one still shows at 2.75% at time of posting but is surely heading the same way.

cricidmuslibale

Ed-1 said:

HSBC reg saver rate reduction to 1% confirmed:
https://www.hsbc.co.uk/savings/products/regular-saver
The First Direct one still shows at 2.75% at time of posting but is surely heading the same way.

This is very bad news indeed especially for anyone with HSBC Regular Savers that will be maturing within the next few days and weeks obviously! Apart from the Regular Saver (up to now) and the MySavings account for teenagers (still giving 2.5% AER at present) HSBC savings interest rates have generally been very low for a very long time! (Occasionally they bring out issues of fixed rate accounts with reasonable interest rates but these issues are often pulled very quickly!) Even in the 'good old days' when HSBC paid a reasonable rate of interest on their variable rate Online Saver (which later became Online Bonus Saver) there was always the nasty catch of no interest (later no bonus interest which was most of the interest) being paid in any month in which a withdrawal was made. I can only conclude that HSBC have never really valued their savers very much and they value them even less than that now!

P.S. I managed eventually with a lot of pushing last week to persuade my mother - who leaves far too much money in her (First Direct) current account and really doesn't see the importance of saving or investing at all - to open a regular saver with First Direct before it was too late! She assures me she did so last Thursday afternoon; I really do hope she has completed the application process in time and will get the 2.75% rate before it too is severely cut (if that happens today or pretty soon afterwards).

wiseonesomeofthetime

Ed-1 said:

HSBC reg saver rate reduction to 1% confirmed:
https://www.hsbc.co.uk/savings/products/regular-saver
The First Direct one still shows at 2.75% at time of posting but is surely heading the same way.

Will not be renewing mine in January then.

It is still a fixed rate, for anyone saving "fresh" money. Maximum return just £16.25 though over the year. Not even the price of one Costa coffee a month.



Sad, but realistic in current climate. Not of any great surprise.

Another redundant current account. Will not be closing it though.

wiseonesomeofthetime

First Direct gone the same way:



@cricidmuslibale - As you expected.

schiff

I'm probably one of the luckier ones - maturities M&S Feb, HSBC July, FD September. By October I expect to have empty TSB, M&S and FD current accounts (I use HSBC for a handful of RS SOs currently but will review it nearer the time).