Regular Savings Accounts: The Best Currently Available List!

SFindlay

If you haven't enough funds to fund all your Regular Savers in their last 6 months say because you've filled them to the maximum allowed in their first 6 months, 

By the very nature of the account that's impossible!! 

cricidmuslibale

I hope the new Coventry Regular Saver is still available in mid December; I'm not going to open one before then simply because I won't be able to make the maximum monthly deposit allowed on the day of opening if I do.

someone

Wheres_My_Cashback said:

cricidmuslibale said:

... If you haven't enough funds to fund all your Regular Savers in their last 6 months say because you've filled them to the maximum allowed in their first 6 months, then you'll probably still get a better return after 12 months  ...

That's not possible due monthly limitations

I think cricidmuslibale is saying if YOU don't have enough funds to max out the remaining months e.g. you have £1,000 to save, you put in the max each month (say £250x4 months) then idle the accounts (pay in min or nil depending on T&Cs) until maturity.

cricidmuslibale

SFindlay said:

If you haven't enough funds to fund all your Regular Savers in their last 6 months say because you've filled them to the maximum allowed in their first 6 months, 

By the very nature of the account that's impossible!! 

What I mean, to clarify, is because you've filled them with the maximum monthly deposit permitted in each of their first 6 months.

cricidmuslibale

someone said:

Wheres_My_Cashback said:

cricidmuslibale said:

... If you haven't enough funds to fund all your Regular Savers in their last 6 months say because you've filled them to the maximum allowed in their first 6 months, then you'll probably still get a better return after 12 months  ...

That's not possible due monthly limitations

I think cricidmuslibale is saying if YOU don't have enough funds to max out the remaining months e.g. you have £1,000 to save, you put in the max each month (say £250x4 months) then idle the accounts (pay in min or nil depending on T&Cs) until maturity.

Thank you! That's exactly what I was trying to say! I'm sorry that it wasn't entirely clear to everybody what I meant! (My bad use of words obviously.)

Sailtheworld

someone said:

Wheres_My_Cashback said:

cricidmuslibale said:

... If you haven't enough funds to fund all your Regular Savers in their last 6 months say because you've filled them to the maximum allowed in their first 6 months, then you'll probably still get a better return after 12 months  ...

That's not possible due monthly limitations

I think cricidmuslibale is saying if YOU don't have enough funds to max out the remaining months e.g. you have £1,000 to save, you put in the max each month (say £250x4 months) then idle the accounts (pay in min or nil depending on T&Cs) until maturity.

Although if you know at the outset that you won't be able to max them out it's probably not worth the effort anyway. Less than a tenner in the example above.

typistretired

I think some regular savers do not allow you  to miss a monthly payment so check their terms and conditions and if necessary you need only pay in £1

Fingerbobs

typistretired said:

I think some regular savers do not allow you not to miss a monthly payment even if you only pay in £1

I'm always baffled by the ones that say something like "you must deposit at least £10 every month, but you can miss as many months as you like." 
Illogical, Captain. 

typistretired

cricidmuslibale said:

I hope the new Coventry Regular Saver is still available in mid December; I'm not going to open one before then simply because I won't be able to make the maximum monthly deposit allowed on the day of opening if I do.

You could open with a small deposit and drip feed up to 26th December until you reach the first monthly £500

trickydicky14

FURNESS REGULAR SAVER

Don’t know if I’m going over old ground but what do you think of the 3-year regular saver £250 a month 1.4% at Furness building society?

I know it’s variable but the terms look good and very flexible.

One withdrawal a year if needed, just a £1.00 a month if you get short and although its 3 years, it looks like you can pull out at any time without loss. I think it’s open to all.

Hope I have my facts correct.

If not, I'm sure some one will put me right.