Regular Savings Accounts: The Best Currently Available List!

Special_Saver2

Hi Folks,

Here is this weekend's update to this thread.

- Darlington BS Special Occasions Saver entry edited to show you can have three of these accounts (including any joint accounts)
- Regarding the Leek BS Regular Saver account which has been mentioned on this thread since my last update, I saw this on moneyfacts.co.uk last weekend when I was doing the last update but I could not find it on the Leek BS website so I assumed it was no longer available. I still cannot find it when I go to this page https://www.leekunited.co.uk/savings/regular-saver-and-easy-access/
- Ipswich BS Suffolk Regular Saver account added paying 1.2% fixed on £250 per month until 28th February 2022, existing members and locals only
- Stafford Railway BS Regular Saver (Issue 1) account added paying 1% variable on £500 per month with no maturity date - Saffron BS 12 Month Fixed Rate Regular Saver (Issue 7) withdrawn
- Saffron BS 12 Month Fixed Rate Members Regular Saver (Issue 8) account added paying 1.5% fixed on £500 per month for 12 months, existing customers only

I will do the next update next weekend.

SS2

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For those new to this thread, the first few posts are constantly updated and are on the first page
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

JamesRobinson48

Special_Saver2 said:

- Regarding the Leek BS Regular Saver account which has been mentioned on this thread since my last update, I saw this on moneyfacts.co.uk last weekend when I was doing the last update but I could not find it on the Leek BS website so I assumed it was no longer available. I still cannot find it when I go to this page https://www.leekunited.co.uk/savings/regular-saver-and-easy-access/

Thanks as always. In case it might help, here are links to the RS products of both Leek BS and Scottish BS.

https://www.leekunited.co.uk/savings/flexible-regular-saver/

https://www.scottishbs.co.uk/regular-saver

karlie88

Really impressed with Furness. They have kept their variable branch reg saver at 2.5% throughout 2020, despite other bank and building societies reducing their rates across the board. For a £500/month reg saver during a pandemic that is very generous of them (for us serial savers). You can/could even top up payments if you'd missed a monthly payment (for those who are branch-goers only). Very good CS. Online access. Relaxing of ID requirements for postal applications. Their 3 year reg saver, whilst non-competitive this time last year, is now up there as one of the best. Did not have them on my radar at all 12 months ago, how times have changed...

Growingold

karlie88 said:

Relaxing of ID requirements for postal applications. .

What ID is needed for postal applications now then.  Thanks

trickydicky14

trickydicky14 said:

typistretired said:

Owing to the virus they are allowing you to copy your passport or driving licence and email to them.  Only an original recent household bill needs to go with application.

Just to update for anyone interested in the Furness regular saver,

I spoke to customer service and was told due to covid, I could just photo copy my driving licence or passport and utility bill and post it back with my application form and cheque.

So currently no branch face to face needed or original documents needed so fill your boots.

Furness ID during covid

eskbanker

j.p said:

eskbanker said:

someone said:

I don't think it's a good idea for people to post on this thread account number and sort codes for various BS due to the possibility that someone unscrupulous may quote the wrong details (aka their own) in attempt to misdirect funds. Maybe better to direct people to how they can find the details on the providers website instead of quoting them.

I wouldn't disagree with the final sentence, as teaching someone how to fish is generally more constructive than just giving them a fish, but anyone sending money to a sort code and account number they've seen on a web forum, without validating it somewhere more authoritative, deserves all they get IMHO!

How many times have I seen stories, in personal finance consumer sites, of people, frequently the elderly, pictured along their significant other (and in the background their cosy sitting room), complaining that they were scammed of thousands and thousands by unscrupulous people, and their bank didn't help?
And then those stories are used to create pressure on said banks to refund untraceable monies from their own coffers which in other circumstances would have not.  And they cave in for fear of bad press.  And where does that refund money come from?  The bank's fraud reserves, which are paid for by yours truly indirectly as well as everybody else.
Now, that is abuse, in my opinion.  On the part of that elderly couple, and/or the advocating personal finance web site.  Abusing the rest of us - or rather dumping the abuse they suffered unto us, quite merrily -even though in the original feature they seemed afflicted-, now our collective loss becoming their new-found comfort.  Or do they think we don't notice?
Everybody remember that when they see the next one on.

While hypothetically possible, I'm not aware of any evidence that anyone has ever been scammed as a result of fake payment account details being posted on this forum or similar?

someone

eskbanker said:While hypothetically possible, I'm not aware of any evidence that anyone has ever been scammed as a result of fake payment account details being posted on this forum or similar?

I don't know anyone who has been electrocuted but if I see someone near some exposed wires I would point it out. In the same way I reported the posts on this thread that had bank details in.

eskbanker

someone said:

eskbanker said:While hypothetically possible, I'm not aware of any evidence that anyone has ever been scammed as a result of fake payment account details being posted on this forum or similar?

I don't know anyone who has been electrocuted but if I see someone near some exposed wires I would point it out. In the same way I reported the posts on this thread that had bank details in.

Flawed analogy - are you seriously trying to suggest that you've never read or heard of someone being electrocuted, even if you don't personally know anyone who has?

Anyway, this is all heading further off topic so probably best to leave it there....

polymaff

Good thing I didn't comment upon the difficulty of knowing a dead person - as against knowing of. ...

Nick_C

Can someone tell me where I can find the Regular Savings Accounts thread? I seem to have stumbled onto Discussion Time.