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Regular Savings Accounts: The Best Currently Available List!
Comments
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I don't understand this business of proving the destination account belongs to us. I've had similar payouts from them in 8/19, 4/20 and 9/20, and made a payment by cheque all to/from the same account. Their letters were worded in more or less the same way. I didn't note what I sent, I've no PI slips so it must have been a cancelled cheque or nothing.0
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Monmouthshire BS Saver Plus Issue 3
Another solution is to drop the last payments to the minimum required, i.e. £20/month and withdraw the majority of the balance (as one withdrawal per year permitted within the terms of the bonus) but leaving enough to meet the requirements of the new Escalator Instant account i.e. £100
That way you can find a better home for the majority of the funds (if you still have options available) plus you won’t be wating for them to drag their heels with your return of funds in April, and possibly missing an ISA top up opportunity etc
Existing TermsSaver Plus (Issue 3)
With our Saver Plus account you can save from as little as £20 each month. Save regularly and you will earn an attractive rate of interest, with an added bonus.
Summary Box - Key Product Information
Account Name Saver Plus - Issue 3
What is the interest rate?
0.20% AER/Gross excluding bonus.
1.20% AER/Gross including bonus.
You will qualify for a bonus (fixed at 1.00% AER/Gross per annum) at the year-end (31 March) provided your account remains open, a payment has been received in each calendar month and you have made no more than one withdrawal.
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cricidmuslibale said:
(There are of course exceptions to this; e.g. the Virgin Home Coach regular saver at 1.75% which requires use of an app and is deliberately targeted at potential homebuyers rather than the broader regular saver market.)
For the same reason current account switching incentives have been quiet over the last year.
I am probably giving up on the first direct regular saver this year after about 5 years with it, even though it is my main current account. Partly as I might need the money over the next year, but there are equally good choices around that don't have a penalty for withdrawals... and £19.47 interest for saving £300 per month is nothing much to get excited about in my opinion.2 -
liamcov said:Deleted_User said:Monmouthshire BS Saver Plus Issue 3 to end on 31 March (interest and bonus annual pay date). Letter just received giving options.Just reading it, Doesn't look great.
At least they offer closure by Faster Payment. Tipton told me they couldn't "because they are not a bank" so I asked them for 5 x £1000 cheques (Max allowed for App cheque deposit @ Halifax)
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Speculator said:liamcov said:Deleted_User said:Monmouthshire BS Saver Plus Issue 3 to end on 31 March (interest and bonus annual pay date). Letter just received giving options.Just reading it, Doesn't look great.
Unfortunately (or fortunately) mine will be for a five figure sum so would involve multiple banks (Halifax is £2k daily limit per account) over multiple days.
Definitely one I'll try and remember for the future though so thank you.
For anyone else wondering what your cheque payment limit it here you go:
https://forums.moneysavingexpert.com/discussion/comment/77837821#Comment_77837821
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Speculator said:
At least they offer closure by Faster Payment. Tipton told me they couldn't "because they are not a bank"I'm not a bank, but I can instruct my bank to make an FP. Does Tipton just have a piggy bank?Lamest response of 2021.So far...
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Bucks BS Regular Saver Locals has been pulled and is now in the closed issue list
(soon after announcing a drop to 1%)
Standard Regular Saver still available2 -
veryintrigued said:Speculator said:liamcov said:Deleted_User said:Monmouthshire BS Saver Plus Issue 3 to end on 31 March (interest and bonus annual pay date). Letter just received giving options.Just reading it, Doesn't look great.
Unfortunately (or fortunately) mine will be for a five figure sum so would involve multiple banks (Halifax is £2k daily limit) over multiple days.
Definitely one I'll try and remember for the future though so thank you.
For anyone else wondering what your cheque payment limit it here you go:
https://forums.moneysavingexpert.com/discussion/comment/77837821#Comment_77837821
I recently deposited via App a total of £2600 (£1300 per account) into two Kids Saver accounts.
I have 3 x Halifax and 2 x BOS current accounts so can easily pay in the £5000 in one day.0 -
Speculator said:veryintrigued said:Speculator said:liamcov said:Deleted_User said:Monmouthshire BS Saver Plus Issue 3 to end on 31 March (interest and bonus annual pay date). Letter just received giving options.Just reading it, Doesn't look great.
Unfortunately (or fortunately) mine will be for a five figure sum so would involve multiple banks (Halifax is £2k daily limit) over multiple days.
Definitely one I'll try and remember for the future though so thank you.
For anyone else wondering what your cheque payment limit it here you go:
https://forums.moneysavingexpert.com/discussion/comment/77837821#Comment_77837821
I recently deposited via App a total of £2600 (£1300 per account) into two Kids Saver accounts.
I have 3 x Halifax and 2 x BOS current accounts so can easily pay in the £5000 in one day.
I only have one HF C/A too.1 -
Hi Everybody,
Here is this weekend's update to this thread.
Many thanks to all the people who contributed useful posts on regular savings account changes on this thread.
Here are the changes for this thread this week.Bucks BS Regular Saver Locals account withdrawn
Swansea BS Regular Saver account withdrawn Principality BS Thank You Saver account entry updated to show there are now two separate accounts (one branch version and one online only version) with different version numbers
The Bath BS 16-23 Regular Saver is already listed in post 3 on page 1.
I will do the next update next weekend.
SS2
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
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